Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
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Some of Facebook Inc.'s biggest holders are selling as much as $3.8 billion in extra shares in Friday's initial public offering, a move that could catch the attention of investors buying into the deal.
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TORONTO—American hedge-fund manager Bill Ackman is rolling toward Canadian Pacific Railway Ltd.'s proxy vote Thursday with a handful of big endorsements from shareholder advisories and institutional investors, bolstering his effort to ...
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It's been several days JPMorgan Chase's disclosure of $2 billion of trading losses, we're all still wondering precisely what went wrong. In other fiascos, such as the mortgage meltdown or the dot-com bubble, the bear claims its victims when ...
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Cheniere Energy Partners LP agreed to sell $1.5 billion in stock to investors affiliated with Blackstone Group LP at a discount in its continued aggressive effort to raise funds for construction of a natural-gas-export facility in ...
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Days ahead of Facebook Inc.'s initial public offering, the company's network of former executives and investors are doing their own deal making.
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President Barack Obama's re-election team is using a five-state advertising buy to launch a long-expected effort to paint Mitt Romney as a callous corporate raider, highlighting investments he made as head of the private-equity firm Bain ...
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Carlyle Group LP's first earnings report as a public company highlighted the uneven results typical of private-equity firms while delivering the cash distributions Carlyle executives had promised investors in its funds ahead of its initial ...
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President Obama has adopted an aggressive interpretation of "official business," forcing taxpayers to support various trips to swing states for campaign-style rallies. White House press secretary Jay Carney appears to be equally aggressive.
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Distressed-debt investors, among them Paulson & Co. and David Tepper's Appaloosa Management LP, stand to recover up to 100 cents on the dollar plus interest under Residential Capital's proposed plan to sell its assets to parent Ally ...
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SHANGHAI—China is considering setting up a new way for foreign pension funds to invest in its vast capital markets, according to people familiar with the matter, its latest effort to prop up the country's listless stock market.
Maybe the Obama re-election campaign isn't the error-free juggernaut of media lore. Consider the puzzling decision to start trashing Mitt Romney's record at Bain Capital on the same day that President Obama was hitting up private-equity ...
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The top executive at Philip Morris International lit up a sale sign following a recent all-time high. On May 11, Chairman and Chief Executive Louis S. Camilleri sold 70,000 shares of Philip Morris (ticker: PM) for $5,994,800, an average of ...
SAN FRANCISCO (MarketWatch) — Once again, Yahoo Inc. is looking for a new leader, and it won’t be easy given the turmoil that the Web portal has just gone through, experts say.
SAN FRANCISCO (MarketWatch) — Perhaps it’s time for the Internet pioneer to change its popular logo from Yahoo! to Yahoo? The company, despite a big house-cleaning over the weekend, still managed to leave a big issue unresolved.
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Philip Falcone, the hedge-fund manager who staked his fortune and reputation on an all-in bet on wireless telecommunications, may be losing his grip on both.
NEW YORK (MarketWatch) — Yahoo Inc.’s travails offer a stew of corporate governance issues that resonate well beyond the Internet company. The news around the departure of Yahoo (YHOO, US) Chief Executive Scott Thompson is still developing, ...
SAN FRANCISCO (MarketWatch) — Shares of Yahoo Inc. got a small lift Monday following its latest CEO departure, though analysts expressed mixed views about the latest events to plague the troubled Web pioneer.
Hedge-fund manager Philip Falcone's LightSquared Inc. venture was preparing Sunday to file for bankruptcy protection after negotiations with lenders to avoid a potential debt default faltered, said people familiar with the matter.
The debate over the taxation of carried interest has been bubbling for years in Congress, to little, if any, effect. But the release of Mitt Romney's tax returns during the Republican presidential primaries—showing that much of the ...
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Polycom (PLCM: Nasdaq) By Wedbush ($12.01, May 10, 2012) Polycom announced that it was entering into an agreement with Sun Capital Partners to sell its enterprise wireless voice business for gross proceeds of $110 million.
LAS VEGAS, Nev. (MarketWatch) — Hundreds of investment managers have gathered at the SkyBridge Alternatives Conference (SALT) to talk about money and politics — and more. And the more is about the financial as well as the social and ...
Ally Financial Inc.'s mortgage subsidiary is expected to file for bankruptcy late Sunday or early Monday morning, a person familiar with the matter said.
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HONG KONG—Chinese motor-vehicle dealer China Yongda Automobiles Services Holdings Ltd. plans to raise up to $433 million in an initial public offering ahead of its listing in Hong Kong on May 30, people familiar with the situation said ...
CHICAGO (MarketWatch) — LightSquared Inc. a venture of hedge-fund manager Philip Falcone was teetering on the verge of bankruptcy Sunday as talks with lenders to avoid going bust have faltered, The Wall Street Journal reports, citing ...
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In 2010, Morgan Stanley helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money later.
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New Enterprise Associates has closed on $2.08 billion toward a fund that could grow in size to become one of the largest ever raised. The firm said in a regulatory filing that it plans to raise up to $2.56 billion, up from an original $2.3 ...
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Chicago buyout shop GTCR LLC has emerged as the winner of an auction to acquire CAMP Systems Inc., a seller of maintenance-tracking services to private aircraft owners, from fellow private-equity firm Warburg Pincus LLC, according to people ...
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BEIJING—In a blow to overseas private-equity firms that invest in China, the government's chief economic-planning agency ruled that all of the money in their funds must come from Chinese investors, or the funds will be treated as foreign.
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The board of Ally Financial Inc.'s ailing mortgage unit is expected to meet Sunday to authorize a bankruptcy filing, said people familiar with the situation.
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Former Morgan Stanley co-President Zoe Cruz has told investors that she is closing the hedge fund she started two years ago, after it was hobbled by disappointing performance and failed to attract as many investors as she had hoped, said ...
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President Barack Obama's re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses).
SAN FRANCISCO (MarketWatch) — With Yahoo Inc.’s board under increasing pressure to fire chief executive Scott Thompson for lying on his resume, many investors are now betting the brouhaha will help hedge fund investor Daniel Loeb in his ...
Pressure is mounting on Yahoo Inc.'s board after revelations that the Internet company's recently hired chief executive's academic record was misstated.
For the past 15 years, Deborah Fuhr has spent her days deep in the weeds of exchange-traded funds. As an investment strategist at Morgan Stanley and then global head of ETF research at ETF sponsor BlackRock Inc., she observed as the ...
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Saying that Yahoo Inc.'s response to revelations about its chief executive's credentials was "farcical," shareholder Third Point LLC recommended the Internet company appoint its finance chief or another executive as interim CEO.
SAN FRANCISCO (MarketWatch) — A proxy fight with a big shareholder, a special committee to investigate and a bungled selection process for the chief executive. Doesn’t that sound like Hewlett-Packard Co. (HPQ, US) during the times of Carly ...
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Sometimes the big news is what doesn't happen. Observe the calm reaction of the political and media class to this week's report that Warren Buffett is financing an unsolicited takeover bid for Avon Products. Apparently barbarians are now ...
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Caterpillar Inc. plans to sell a 65% stake in its logistics business to private-equity firm Platinum Equity LLC. Caterpillar, which will retain a 35% share of the business, said it is worth about $750 million, suggesting that Platinum is ...
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A question most companies can easily answer comes with complications when posed to publicly traded private-equity firms: What count as earnings?
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Investors can buy stakes in malls, apartment towers, timber forests and even cellphone towers through real-estate investment trusts. Now, add to the list: single-family homes transformed into rental properties.
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Molson Coors Brewing Co.'s first-quarter earnings slipped 4.1% as it shouldered costs tied to a recent acquisition and weaker-than-expected sales.
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High-end fashion retailer Barneys New York has reached a deal to restructure its debts and stay out of bankruptcy court at the price of handing ownership to creditors Perry Capital and Ronald Burkle's Yucaipa Cos.
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NEW YORK (Dow Jones)--Even as the Greek debt crisis threatens to flare up again, the euro has found an unexpected source of support: investors who had been betting against the currency for months.
NEW YORK (MarketWatch) — Apollo Global Management LLC, with some robust first-quarter results, just may be the publicly traded alternative investment firm that changes the discussion.
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Apollo Global Management LLC posted a better-than-expected 23% rise in first-quarter earnings, driven by an increase in management fees and robust growth in investments.
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Caesars Entertainment Corp. agreed to sell its Harrah's St. Louis casino to regional player Penn National Gaming Inc. for $610 million in cash.
Lenders to Philip Falcone's LightSquared Inc. agreed to give the wireless start-up another one-week extension when a waiver on debt-term violations expires Monday, said people familiar with the matter.
SAN FRANCISCO (MarketWatch) — The Yahoo Inc. board member who handled the hiring of CEO Scott Thompson will be leaving the company, as the troubled Web pioneer mounts its investigation into the academic background of its new leader.
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Yahoo Inc.'s board is moving forward with an investigation into how its chief executive's academic credentials were misstated in company regulatory filings.
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TOKYO—Japan's three biggest brewers, which have spent a whopping $23 billion on overseas acquisitions in the past five years, are on the prowl for more purchases to spur growth—even if they are wary of overreaching.
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Daimler AG confirmed Wednesday that it will end production of Orion city buses and combine the sales network of its Setra brand in North America with U.S. company Motor Coach Industries Ltd., in a bid to save costs and improve efficiency.
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A pair of companies had a mixed debut Friday, with retailer Tilly's Inc. notching double-digit gains early on and propylene producer PetroLogistics LP's IPO declining.
It's a xenophobic fact of life for many financial advisers: They believe their clients need to put at least some of their money overseas. But many investors don't feel comfortable venturing any farther than, say, New York or California.
NEW YORK (MarketWatch) — Carlyle Group LP’s initial public offering began trading Thursday morning. So, what is it that investors who buy into private-equity firms via IPOs think they’re getting?
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Hartford Financial Services Group Inc. took a step toward exiting from the annuity business, agreeing to sell units that develop, market and distribute new versions of the investment and retirement-income products.
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Man the pumps! Investors are deserting Man Group like the proverbial sinking ship. Shares in the world's largest listed hedge fund have fallen 61% in the last year. Its funds leaked $1 billion of client money in the first quarter. For Chief ...
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Several corporate executives have come under fire for misstated academic credentials. Here, a look at some notable résumé flaps: Yahoo Yahoo Inc. said in May 2012 that its new chief executive, Scott Thompson, didn't earn a degree in computer ...
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Groupon Inc. has named two new directors, bringing in two men with extensive financial backgrounds to aid the newly public coupon website. Daniel Henry, the chief financial officer of American Express Co., was appointed Thursday. Robert ...
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Frank Pearl was a leveraged-buyout pioneer whose Perseus LLC private-equity firm holds stakes in high technology, health care, consumer products and other fields.
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NEW YORK—Private-equity firm Centerbridge Partners LP has entered a deal to take P.F. Chang's China Bistro Inc. private, giving the struggling restaurant operator a chance to attempt a turnaround of its namesake Bistro and Pei Wei Asian ...
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Carlyle Group LP's shares didn't pop, but they also didn't drop. The private-equity giant's common units, as shares of these types of companies are known, opened just above their initial-public-offering price of $22 and hovered around that ...
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Stock-trading hedge funds looking to extend their first-quarter rebound ran into a familiar adversary this month: a nervous market. Amid renewed concerns over Europe's debt crisis, the strength of the U.S. economy and doubts about China's ...
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John D. Arnold, a former star trader at Enron Corp. who went on become one of the energy markets' biggest speculators, is retiring from his hedge fund at 38 years old to focus on his philanthropic interests, a person familiar with the ...
SINGAPORE—Private-equity firm CVC Capital Partners has mandated UBS AG and Morgan Stanley as lead bankers to join Goldman Sachs Group Inc. on the more than $2.5 billion initial public offering in Singapore of its Formula One Group ...
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Shares of a big, high-profile company are slated to begin trading on Thursday, as private-equity firm Carlyle Group LP completes an initial public offering that could raise $762.5 million.
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Nokia is selling its jewels. It is looking to sell luxury mobile-handset business Vertu, the maker of $300,000 diamond-clad phones, to private-equity group Permira for about $260 million, according to someone familiar with the talks. That ...
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Facing pushback from some investors, private-equity company Carlyle Group reduced the price for its widely anticipated public offering, a possible sign of the skepticism some investors harbor toward the business.
In a move to unload some of its U.S. real-estate assets, German lender Eurohypo AG has reached an agreement to sell a commercial-property loan portfolio with a face value of about $560 million to a team of Wells Fargo & Co. and ...
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DOHA—Qatar on Monday signed an asset-management deal with a private-equity unit of U.K.-based Barclays PLC, an agreement that will see the wealthy Gulf state co-invest $250 million in a push to broaden its commodities investment.
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An investor group led by private-equity investment firm Providence Equity Partners LLC made a "significant" investment in Chernin Group, an entertainment company led by former News Corp. executive Peter Chernin, the companies said.
SAN FRANCISCO (MarketWatch) — Demand Media Inc. has abandoned talks to be taken private by Thomas H. Lee Partners, the tech blog AllThingsD reported Saturday.
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Resort operator Kerzner International Holdings Ltd. completed a long-awaited restructuring on Friday that transferred its massive Atlantis resort in the Bahamas to its creditors and sold its half interest in the Atlantis in Dubai to partner ...
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"As Andrew Carnegie once said, 'No man can become rich without enriching others,'" recounted Sandy Weill, the financier and former chief executive of Citigroup, presiding over a group of bejeweled philanthropists at the Waldorf-Astoria ...
NEW YORK (MarketWatch) — Billionaires and their various business interests make politics, and getting their man elected, of great importance.
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HONG KONG—A group of Elpida Memory Inc. bondholders said they are concerned about the failed Japanese chip maker being sold at an "undervalued" price in an auction closing this week, and are considering submitting their own alternative ...
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The top insider at Hess threw a little energy behind the company recently and bought up some shares. On April 30, Chairman and Chief Executive John B. Hess bought 48,000 shares of Hess (ticker: HES) for $2,496,082, an average of $52 each.
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Something worth watching for those who plan to buy into Facebook's IPO: Early investors plan to take a fair amount of money off the table first.
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Private-equity giant KKR & Co. reported Friday better-than-expected first quarter earnings, as robust appreciation in investments more than offset a big fee decline.
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BEIJING—Pan-Asian private-equity firm Olympus Capital Holdings Asia is seeking to raise at least $750 million for a new fund, joining a host of other Asia- and China-focused private-equity firms already in the market, according to a person ...
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Mayor Michael Bloomberg has hired a financial-industry veteran to take over the city's Department of Information Technology and Telecommunications, the administration said Tuesday.
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Two big media companies that control Web-video hub Hulu LLC plan to buy out minority investor Providence Equity Partners, said people familiar with the matter, in a move that tightens the grip on the fractious joint venture.
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MELBOURNE—Cleaning and food-services company Spotless Group Ltd. said Monday that it has agreed to a takeover bid from private-equity firm Pacific Equity Partners valuing the company at A$720 million (US$754 million), or A$2.71 a share.
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Banks and investors are showering junk-rated companies with easy money, the latest sign that risk-taking is spreading through parts of the financial markets.
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Yahoo Inc. said its new chief executive, Scott Thompson, didn't earn a degree in computer science as stated in a recent securities filing, citing an "inadvertent error."
Follow-Up | Dow Indicator | Preview With Facebook gearing up for its initial public offering this month and even Goldman Sachs planning to hire a "social- media community manager," an online presence is now de rigeur on Wall Street.
Kohlberg Kravis Roberts & Co., one of the original buyout shops, has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, KKR finally is making its own big push.
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Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company.
March Hedge Funds: Best, Worst, Biggest Will John Paulson rent a billboard on I-95 promoting his $14 billion hedge fund? Is there a George Soros World Cup in the offing? Probably not. But there are a lot of people in the hedge-fund industry ...
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Wolverine World Wide Inc. and a pair of private-equity firms agreed to pay roughly $1.32 billion to acquire shoe company Collective Brands Inc. in a deal that will split portions of Collective's business.
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Formula One is racing ahead with a planned $2.5 billion initial public offering in Singapore, a high-profile win for the city whose efforts to attract big sporting names is starting to pay off.
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Ahead of its initial public offering, Carlyle Group LP is trying to persuade potential buyers it is different from rivals whose shares have struggled. Not all investors are convinced.
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Like many proud graduates, Michael D. Madden, co-founder and managing partner of private-equity firm BlackEagle Partners LLC, credits his undergraduate years at Le Moyne College in Syracuse with giving him a solid foundation upon which to ...
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The Securities and Exchange Commission accused a former Calpers chief executive and his close friend of scheming to defraud private-equity firm Apollo Global Management LLC into paying $20 million in fees to the friend's firm.
Trying to tap into Manhattan's hot market for luxury apartments and high-end hotels, Starwood Capital Group's Baccarat Hotels and Resorts is launching a plan to develop a project across from the Museum of Modern Art.
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Private-equity firm Silver Lake Partners is buying a minority stake in leading talent agency William Morris Endeavor Entertainment in a deal that aims to help the agency build its clients' brands on digital platforms, the companies said.
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Last month, the Securities and Exchange Commission rejected attempts by the Carlyle Group, and proposals by stockholders of Pfizer and Gannett, to mandate arbitration rather than litigation in disputes between investors and management. The ...
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Molson Coors Brewing Co. is expanding its footprint in Europe's emerging markets through a deal to acquire Central and East European brewer StarBev LP for €2.65 billion ($3.54 billion), edging out several global rivals interested in the ...
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HOUSTON—Chesapeake Energy Corp., the nation's second-largest natural-gas producer, said Monday it raised $2.6 billion in three deals as it struggles with decade-low gas prices.
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Ben Inker, head of asset allocation at investment firm Grantham, Mayo, Van Otterloo & Co. in Boston, which managed $97 billion for clients as of the end of 2011.
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AT&T Inc. said it planned to sell a majority stake in its Yellow Pages business to private-equity firm Cerberus Capital Management LP for $950 million in cash and debt, shedding one of its legacy businesses as wireless profits boom.

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