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Stocks up for third week: Dow over 17,000

Stocks up for third week: Dow over 17,000 Traders work on the floor of the New York Stock Exchange on Feb. 12, 2016. (Photo: EPA/ANDREW GOMBERT) (Photo: ANDREW GOMBERT, EPA) U.S. stocks rallied Friday to log a third straight week of gains after the February jobs report came in stronger than … Continue reading at […]

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SEC Examining High-Yield Fund Holdings After Third Avenue Tumult

SEC Examining High-Yield Fund Holdings After Third Avenue Tumult … last month to suspend redemptions in a $ 789 million high-yield fund and move the fund assets into a liquidating trust, a move securities lawyers and mutual-fund-industry officials called highly unorthodox in part because it was done without advance … Continue reading at wsj.com US […]

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Inside Third Avenue Management, where employees were terrified to bring bad news to the boss

Inside Third Avenue Management, where employees were terrified to bring bad news to the boss BOSTON (Reuters) – In the months before the blowup of Third Avenue’s junk bond fund in early December, investors and financial advisors called the New York-based investment company to voice their concerns about the growing percentage of hard-to-trade … Continue […]

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Ford misses on earnings, but the third quarter was its best ever in North America (F)

Flickr/John Hritz Ford reported third quarter earnings on Tuesday. They were slightly lower than analysts expectations. The company earned $ 0.45 per share. Analysts surveyed by Bloomberg were expecting $ 0.47 per share. Revenue was $ 38.1 billion. Higher taxes cut into Ford’s profit for the quarter, Reuters reported. Ford posted its best-ever quarter in […]

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