Goldman, Morgan Stanley Fault Lehman’s Plans for Asset-Management Business Goldman Sachs Group Inc., Morgan Stanley, Credit Suisse Group AG and other banks objected to Lehman Brothers Holdings Inc.’s plan to build its real estate unit into an asset-management business.
Gundlach’s DoubleLine to Open First Two Bond Mutual Funds to Investors DoubleLine Capital LP, the investment firm started by top-ranked bond manager Jeffrey Gundlach, will open its first two bond mutual funds to retail investors tomorrow.
Russell 2000 Publisher Seeks Regulatory Approval to Sell ETFs Directly Russell Investments, the creator of stock-market indexes bearing its name, plans to start exchange- traded funds based on its benchmarks and potentially earn greater fees from the fastest-growing segment of the asset- management industry.
Berkshire Tops Harris Survey of Reputations, Lenders Dominate Bottom Rungs Warren Buffett’s Berkshire Hathaway Inc. rose to first place in Harris Interactive’s annual survey of corporate reputations as the financial crisis pushed the nation’s biggest banks toward the bottom of the list.
Stock Bulls Increase With Share Buyback Spending Signaled by Profits Surge U.S. companies are sitting on a record pile of cash after spending the lowest proportion of their profits on stock buybacks since 2003, a sign that repurchases may propel the equities rally as earnings recover.
Copper May Top $8,000 for First Time Since Lehman Failure as Demand Rises Copper futures in London may advance to more than $8,000 a metric ton this week for the first time since the collapse of Lehman Brothers Holdings Inc. in 2008, buoyed by a revival in demand that’s more than doubled prices.
Kalsi, Former Morgan Stanley Real Estate Bankers to Create Investment Firm Morgan Stanley’s former global head of real estate, Sonny Kalsi, said he’s forming an investment and advisory firm that will focus on properties in the U.S., Japan and western Europe.
Laffer Leaves for Tennessee as Wealthy Seek a Way Around Obama’s Tax Bite Economist Arthur Laffer, 69, took a radical approach to rising income taxes four years ago: he moved to Tennessee from California.