Talking Biz News

SEC lifts marketing ban on hedge funds

The Securities and Exchange Commission is lifting an eight-decade ban on marketing certain types of securities to investors. But does that mean your inbox will suddenly be full of unsolicited investment proposals? And what...

NYSE to run Libor: What does it mean?

London is losing Libor, the London Interbank offered rate benchmark, to the NYSE Euronext, in a sale meant to bring more accountability to the scandal-plagued rate. The terms of the deal weren’t disclosed, but...

Fannie, Freddie sued by hedge fund

Just when you thought the fallout from the housing crisis was over as buyers return to the market, hedge fund Perry Capital is suing the government over Fannie Mae and Freddie Mac dividend payments....

Europe to keep interest rates low

While most Americans were busy eating hot dogs and celebrating the birth of our nation, two of Europe’s central banks were sending the clearest signals yet that they will keep interest rates low for...

Bill Gross had a tough June

Famed bond fund manger Bill Gross watched as nearly $10 billion in cash disappeared from his PIMCO funds in June. Investors are leery of interest rate increases creating some big losses for the funds....

Let the video game wars begin

Zynga founder Mark Pincus is stepping aside as CEO and bringing in Don Mattrick, head of the Xbox division at Microsoft. Interestingly, the two will have a both directly report to the board of...

Investor wrap-ups

The second-quarter wrap stories are trickling in, and the news for investors wasn’t pretty. After the Federal Reserve indicated it might pull back on low interest rates, the decline in some parts of the market...