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Wednesday, March 12, 2014

Reuters Money: Candy Crush-maker King sees up to $7.6 billion IPO valuation

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03/12/2014
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
Candy Crush-maker King sees up to $7.6 billion IPO valuation
(Reuters) - King Digital Entertainment Plc, the maker of hit mobile phone game Candy Crush Saga, expects to be worth up to $7.6 billion when it goes public this month as the Irish company looks to take advantage of strong demand for technology investments.
Ackman accuses Herbalife of breaking laws in China
BOSTON (Reuters) - Hedge fund manager William Ackman renewed his attack on Herbalife on Tuesday and said he has evidence the U.S.-based nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market.
U.S. courts dismiss two suits against shareholder activist Chevedden
BOSTON (Reuters) - Shareholder activist John Chevedden has won favorable rulings in separate federal suits brought by Omnicom Group Inc and EMC Corp, breaking a pattern of legal setbacks for the private investor.
Pimco Total Return cuts mortgage, U.S. government holdings on Fed outlook
NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.
U.S. swaps watchdog says considering bitcoin regulation
Boca Raton, Florida (Reuters) - The U.S. derivatives regulator is studying whether it should regulate electronic currencies such as bitcoin, its chief said on Tuesday, as regulators across the globe start taking the emerging technology more seriously.
SEC charges AgFeed audit committee chair in accounting fraud case
WASHINGTON (Reuters) - Federal securities regulators filed unusual civil charges on Tuesday against the former independent audit committee chairman and top U.S. officials of an animal feed company, saying they failed to properly investigate an elaborate accounting fraud orchestrated in China.
U.S. Labor Department wants to mandate guide to 401(k) fee disclosures
(Reuters) - The U.S. Department of Labor on Tuesday proposed a rule requiring pension plan service providers to offer a guide to help employers navigate disclosures about fees and potential conflicts of interest.
Former hedge fund analyst indicted in NY for trading model theft
(Reuters) - A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
Why employers are shifting retiree health into insurance exchanges
CHICAGO (Reuters) - A dwindling number of retirees get supplemental health insurance coverage from their former employers. But for those who do, big changes are afoot.
U.S. SEC to review plan to require brokers to disclose bonuses
(Reuters) - Wall Street's industry-funded watchdog has asked the U.S. Securities and Exchange Commission to approve a measure that would require stockbrokers to tell clients about bonuses they receive when they switch firms, according to a regulatory filing.
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