(Reuters) – Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
Reuters: Business News
Blackstone notifies Cohen’s SAC it intends to pull money: pension consultant
NYSE says AEP, NextEra trades stand after crash at open
NEW YORK – All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock Exchange said,…
Reuters: Global Markets
Pullback on UK’s FTSE deepens as HSBC slips
* Some traders wait for further fall before buying back in
Reuters: Hot Stocks
UPDATE 1-P&G CEO switch will not lead to big strategy change-CFO
(Adds Lafley’s compensation, CFO comment, updates stock activity)
Reuters: Hot Stocks
Chinese premier criticizes EU move on trade measures
SHANGHAI – Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
Reuters: Business News
Infoblox profit forecast beats estimates, shares rise
(Reuters) – Infoblox Inc reported a better-than-expected quarterly profit on higher demand for its network automation products and forecast current-quarter earnings above analysts’ estimates.
Reuters: Global Markets