Michael Price News
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Franklin Resources Inc., benefiting from the rising popularity of top-ranked bond manager Michael Hasenstab, is the best-performing stock in the money-management business.
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Pacific Investment Management Co. is becoming less dependent on Bill Gross, preparing for an eventual future without the world’s best-known bond investor and adding pressure on its rising stars to live up to his legacy.
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MFP’s Michael Price comments on Bloomberg TV, radio.
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U.S. stocks fell, pulling the Standard & Poor’s 500 Index lower after a record high, as a report showed American manufacturing expanded less than forecast in March as factories slowed production and orders waned.
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MFP Investors LLC’s Michael Price said he wouldn’t add to his holdings in Goldman Sachs Group Inc. at the current price because the fifth-largest U.S. bank by assets is trading at fair value.
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Billionaire investor Michael Price said Goldman Sachs Group Inc. should divide its company into three separate entities because the investment bank may be getting too large.
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Billionaire investor Michael Price said he’s bullish on J.C. Penney Co. because the U.S. retailer is “doing all the right things” and will benefit from rising demand among U.S. shoppers.
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Loews Corp. Chief Executive Officer James Tisch is the dealmaker who won’t make a deal.
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The Standard & Poor’s 500 Index erased gains, sending the benchmark index lower for the fourth time in five days, as a rally in Apple Inc. faded and banks retreated.
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Gains in U.S. stocks faded by the end of the session as Apple Inc. trimmed its advance and financial shares slumped. The euro and Greek bonds advanced.
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