Reuters: Financial Services and Real Estate

Pension protests block Guinea CBG bauxite factory

Wed, 16 May 2012 14:14:07 -0400

CONAKRY, May 16 (Reuters) - A railway occupation by former employees of Guinea's state bauxite company CBG, a joint venture with Alcoa and Rio Tinto, is starving its factory of ore supplies for...

UPDATE 2-Legg Mason will buy back KKR notes, repurchase more shares

Wed, 16 May 2012 14:07:12 -0400

May 16 (Reuters) - Legg Mason Inc said it plans to buy back notes held by private equity firm KKR & Co LP and repurchase additional stock, driving its shares up 11 percent.

Fund manager Kolatch likes Argentine debt

Wed, 16 May 2012 14:07:01 -0400

NEW YORK, May 16 (Reuters) - Jonathan Kolatch of $4 billion investment adviser Redwood Capital, is bullish on Argentina's sovereign debt, he said at the annual Sohn Investment Conference in New York...

ICE raises margins for Canola futures

Wed, 16 May 2012 14:05:50 -0400

May 16 (Reuters) - ICE Clear Canada on Wednesday raised margins for trading canola futures, effective close of business on Thursday, May 17. The exchange operator raised Canola maintenance...

REFILE-YOUR MONEY-Parents just say 'no' to college tuition

Wed, 16 May 2012 14:02:57 -0400

NEW YORK, May 15 (Reuters) - Tracy Repchuk's three children are 14, 15 and 16, still several years away from college, but she's already got college funding figured out. When they head off to college,...

UPDATE 1-Canada says worried about ECB move on Greek banks

Wed, 16 May 2012 14:02:11 -0400

* Canada concerned by ECB move to cut off some Greek banks

JPMorgan still employs "whale" trader

Wed, 16 May 2012 14:02:03 -0400

May 16 (Reuters) - Bruno Iksil, the London-based JPMorgan Chase & Co trader known as the "whale" believed to have been involved in the company's $2 billion loss in derivatives, is still employed by...

Hutchison Whampoa go to court to keep Eircom bid alive

Wed, 16 May 2012 13:57:29 -0400

DUBLIN, May 16 (Reuters) - Lawyers for Hutchison Whampoa Ltd made a last ditch attempt to salvage the Hong Kong company's bid for Eircom, the struggling Irish telecoms firm that is to be handed over...

Veolia CEO defends utility's overhaul at AGM

Wed, 16 May 2012 13:57:22 -0400

PARIS, May 16 (Reuters) - Veolia Environnement Chairman and Chief Executive Antoine Frerot on Wednesday argued for his plans to overhaul the French utility, asking shareholders to stick with the...

UPDATE 2-Protester shouts disrupt State Street annual meeting

Wed, 16 May 2012 13:55:33 -0400

BOSTON, May 16 (Reuters) - Shouting protesters calling themselves the "99 percent" disrupted State Street Corp's annual meeting on Wednesday, using a coordinated plan to interrupt Chairman and Chief...