Career News 24/7: Reuters Money: Stock funds worldwide attract $12.4 billion, extending record inflows: BofA

Monday, November 4, 2013

Reuters Money: Stock funds worldwide attract $12.4 billion, extending record inflows: BofA

Click to View in Browser

11/4/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Stock funds worldwide attract $12.4 billion, extending record inflows: BofA

NEW YORK (Reuters) - Investors worldwide poured $12.4 billion into stock funds in the latest week, extending record inflows into the funds this year to $231 billion, data from a Bank of America Merrill Lynch Global Research report showed Friday.

U.S. government shutdown dampens October car sales

DETROIT (Reuters) - The 16-day U.S. government shutdown in early October appeared to dampen consumers' appetite for new cars, as seven of the top eight automakers reporting monthly sales on Friday missed analysts' expectations.

BNY Mellon in $28 million pact with Florida over currency prices

(Reuters) - Bank of New York Mellon Corp on Friday reached a $28 million settlement with Florida to resolve allegations that the bank overcharged a state pension plan for foreign currency transactions.

Mutual fund group rejects Treasury report on asset managers

WASHINGTON (Reuters) - A U.S. Treasury research report that could pave the way for tougher regulation of asset managers lacks empirical evidence to back up its claims and should be scrapped, the head of the largest U.S. mutual fund trade group said.

Pimco Total Return Fund rises for second month after patchy summer

NEW YORK (Reuters) - Bill Gross's Pimco Total Return Fund, the world's largest mutual fund, notched its second straight month of gains in October after a rocky summer period, preliminary data from Morningstar showed on Friday.

Beverly Hills securities broker target of Wall Street complaint

(Reuters) - A Beverly Hills securities broker, whose clients included Hollywood stars, is being accused by Wall Street's industry-funded watchdog of lying to regulators and selling worthless securities to unsuspecting customers, including a divorced mother of three.

Repeat of debt row 'wouldn't be good signal' for rating: Fitch

LONDON (Reuters) - The United States must do more to reduce its budget deficit and debt burden, and any repeat of last month's political standoff that raised the risk of default would not be a good signal for its AAA credit rating, Fitch Ratings said on Friday.

Barclays suspends several traders in FX probe: source

LONDON (Reuters) - Britain's Barclays has suspended several traders amid multiple investigations into possible manipulation of benchmark foreign exchange rates, a banking industry source said on Friday.

Hedge fund managers discuss their top stock picks

LONDON (Reuters) - Hedge fund managers presented their stock-picking ideas at a conference this week organized by the Sohn Conference Foundation. The Foundation raises money to support initiatives to cure and treat pediatric cancer.

Batista's OGX files for bankruptcy protection in Brazil

RIO DE JANEIRO (Reuters) - OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America's largest-ever corporate bankruptcy filing.