Bloomberg News

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Citadel’s Griffin Seeks Divorce After 11-Year Marriage

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Kenneth C. Griffin, the billionaire founder of Chicago hedge-fund firm Citadel, filed for divorce from his wife, citing “irreconcilable differences.”

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Alan ‘Ace’ Greenberg, Who Transformed Bear Stearns, Dies At 86

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Alan C. Greenberg, a Wall Street icon who presided over Bear Stearns during its historic collapse in 2008, has died at the age of 86.

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Mobius Says Not Too Late To Buy China With 20% Upside

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Mark Mobius, whose $12 billion Templeton Asian Growth Fund has outperformed 94 percent of peers this year, favors state-owned banks and energy companies.

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Amazon Loss Widens As CEO Alarms Investors With Spending

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Jeff Bezos is testing the patience of investors after Amazon missed earnings estimates for a second straight quarter, sending the shares tumbling 10 percent.

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Facebook Gain Makes Zuckerberg Wealthier Than Google Guys

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The Facebook Inc. chairman added $1.6 billion to his fortune after the world’s largest social network closed at a record on Thursday.

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U.S. TIPS Auction Draws Lowest Yield In A Year On Inflation Bets

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The U.S. sale of $15 billion of 10-year inflation-indexed debt drew the lowest yield in more than a year amid bets consumer-price growth will increase as the economy improves.

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William Koch Wine Scammer Ordered To Forfeit $20 Million

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A man who swindled wealthy wine collectors, including billionaire William Koch, was ordered to forfeit $20 million by a federal judge.

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Ruling On Obamacare Subsidies Likely To Be Benign

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Americans are unlikely to lose Obamacare subsidies any time soon, at least not in most states.

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Hamptons Home Sales Increase As Price Gains Spur More Listings

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Home sales in New York’s Hamptons, the Long Island vacation locale popular among financiers and celebrities, climbed in the second quarter as more inventory became available for buyers.

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Retirement Savers Goose T. Rowe Price Earnings

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T. Rowe Price saw second-quarter earnings rise 23 percent, bolstered by individual retirement savers and rising stock-market valuations.

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