If you liked the 692 percent bond return Hugo Chavez delivered during his 14 years as Venezuelan president, Fidelity Investments and Schroder Investment Management Co. say you have nothing to fear from his successor.
Royal Bank of Scotland Group Plc asked a U.K. judge to block a $100 million lawsuit filed by Highland Capital Management LP in Texas that accuses the lender of fraud and unjust enrichment over a failed collateralized-debt obligation.
About a dozen state attorneys general met last week to discuss their mortgage investigations and how they might work together as settlement talks with banks over foreclosures drag on, three people familiar with the matter said.
In 2009, Leon Rozenblit was ready to expand Prometheus Research from building databases for biomedical research departments at such universities as Harvard and Yale to energy and financial service businesses. Within a year and a half, he had burned through $1.5 million and laid off the five employees he had hired for the expansion, unable to penetrate Corporate America’s bureaucracies. “It was an expensive education,” he says.
At least 129 Mexican inmates escaped through a tunnel at a prison across from Eagle Pass, Texas, prompting local officials to alert the U.S. border patrol and warn that the Zetas cartel organized the breakout.
Ecopetrol SA, Colombia’s largest oil company, expects to meet production targets this year as the government tightens security after an increase in guerrilla sabotage, Chief Executive Officer Javier Gutierrez said.