Sears Holdings Corp. gained 54 percent this year through November. It was the best performer among the U.S. listed stocks held by Eddie Lampert’s hedge-fund firm and the biggest contributor to an estimated 41 percent return from those investments.
T. Rowe Price Group Inc. and more than 100 other Dell Inc. shareholders who control a combined 47.5 million shares spurned the company’s buyout offer to seek a potentially higher payout through the Delaware court system.
Bond buyers are demanding the most in at least a decade to own long-dated bonds relative to debt with short maturities as they seek to protect themselves from losses when the Federal Reserve starts scaling back stimulus.
Treasury 10-year yields rose to the highest level in two months as Federal Reserve officials said they might reduce $85 billion in monthly bond purchases “in coming months” as the economy improves, minutes of their last meeting show.
Morgan Stanley’s Dennis Lynch looks for small companies he can buy and hold for years as they grow into bigger businesses -- a search that has led to investments from Pandora Media Inc. to Twitter Inc. Sometimes he is willing to pay prices that look expensive by traditional measures.
Aberdeen Asset Management Plc’s purchase of Scottish Widows Investment Partnership helps cement Edinburgh’s position as a financial center as politicians spar over whether Scotland should gain independence.
J.C. Penney Co. investors Glenview Capital Management LLC and Hayman Capital Management LP cut their stakes in the retailer by a combined 13.4 million shares as the stock plunged amid a share offering.