Money News

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Exclusive: Jana liquidates two hedge funds, to focus only on activism

NEW YORK (Reuters) – Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing …

Business News

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Sears chairman’s takeover proposal faces moment of truth

NEW YORK (Reuters) – Negotiations between Sears Holdings Corp Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund …

Earnings News

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JP Morgan misses on profit expectations for first time in 15 quarters

J.P. Morgan Chase posted quarterly profit below analysts’ expectations for the first time in 15 quarters as whipsawing markets late last year impacted bond-trading desks. The bank generated $1.98 per …

Investing News

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Don’t take your cue on all of retail from Macy’s

Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator …

Forex News

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Advisor News

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Putting retirement plans on hold? What that means for your Medicare

“If you need to have $5,000 in expenses before the insurance kicks in at work, depending on the nature of the costs, Part A or B could be secondary coverage …