Reuters News

Hedge fund manager Loeb takes aim at 'Oracle of Omaha' Buffett: Reuters

Hedge fund mogul Daniel Loeb on Wednesday took aim at the "Oracle of Omaha," calling beloved billionaire Warren Buffett a hypocrite, Reuters News reported.

Brookfield says scouting for oil assets in Alberta: Reuters

Brookfield Asset Management Inc, one of Canada's top investment management firms, is actively scouting for oil assets in the oil-rich Western Canadian province of Alberta, said Chief Executive Bruce Flatt on Wednesday.

Golden Gate Capital in one-on-one talks to buy Ann Taylor: Reuters

Private equity firm Golden Gate Capital is in advanced one-on-one negotiations to acquire Ann Inc (ANN.N), in a deal that could value the parent of women's retailer Ann Taylor at around $2 billion, sources told Reuters News.

Retirement plan provider Ascensus explores sale: Reuters

Ascensus Inc, the largest independent retirement plan and savings services provider in the United States, is exploring a sale it hopes could value it at close to $1 billion, including debt, sources told Reuters News.

T. Rowe Price names Stromberg to succeed Kennedy as CEO: Reuters

Asset manager T. Rowe Price Group Inc said on Wednesday that global equity head William Stromberg will become its chief executive on Jan. 1, succeeding James Kennedy, who plans to retire later in 2016, Reuters News reported.

S&P raises CalSTRS outlook, cites potential funded ratio improvements: Reuters

Standard & Poor's Ratings Services on Tuesday revised its credit outlook for the California State Teachers' Retirement System to positive, citing a potential improvement to the pension fund's funded ratio, Reuters News reported.

Apple's Beats Music deals under U.S. scrutiny: Bloomberg

Apple Inc's (AAPL.O) move to line up deals with record labels is under U.S. antitrust scrutiny as the iphone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter.

SunGard hires banks for potential IPO: Reuters

SunGard Data Systems Inc has hired investment banks for a potential initial public offering that could value the financial technology company at as much as $10 billion, including debt, Reuters News reported.

Salesforce shares spike on report of Microsoft evaluating bid: Reuters

Shares of Salesforce.com Inc (CRM.N) jumped as much as 6.4 percent on Tuesday after a Bloomberg report that Microsoft Corp (MSFT.O) was evaluating a bid for the cloud software provider, Reuters News reported.

Warburg Pincus leads $100 mln funding for Uber-like Chinese firm-Reuters

Private equity firm Warburg Pincus LLC led a group of investors putting $100 million into eDaijia, which provides services in China similar to online ride-hailing service Uber, Reuters reported.