Bloomberg News

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Egyptian Billionaire Identifies Two Islands For Refugee Haven

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Egyptian billionaire Naguib Sawiris said he has identified two Greek islands that could be used to host Syrian refugees, and suggested setting up a joint-stock company to deal with the expected...

The World's Second-Richest Person Is Closing In On Number One

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After surpassing the wealth of Warren Buffett in June, Spain's fast-fashion king Amancio Ortega has pulled within $10 billion of Bill Gates.

Hedge Fund Managers Create Own Family Office Cocoons

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A growing number of prominent hedge fund managers are quietly creating their own single family offices—and not everyone is happy about it.

Source Says Broker Ended Up A Pawn Between Warring Firms

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Peter Schiff's Euro Pacific and Oppenheimer are battling over a client raid that took place over Memorial Day weekend.

BlackRock Names Salim Ramji To Head U.S. Wealth Advisory

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BlackRock named Salim Ramji head of its U.S. wealth advisory business, succeeding Frank Porcelli, as the world’s biggest asset manager pushes to attract more retail clients.

Munnell: Small Fed Rate Increases Will Disappoint Retiree Savers

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The Fed may soon start raising interest rates, but savers won't see much benefit any time soon, experts say.

Obama Targets Money-Manager Tax Break In Budget Fight

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President Obama is using the backdrop of an impending government shutdown to pressure Congress to end a tax break exploited by private-equity managers, venture capitalists and some hedge fund...

Facebook Testing Alternative To 'Like' Button

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Facebook Inc. is working on options besides the "like" button for users to weigh in on their friends’ postings, Chief Executive Officer Mark Zuckerberg said in a public Q&A.

Here's How Wide The Retirement Gap Is Between Men And Women

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Men are short of a standard goal by $270,000. Women? Half a million dollars, according to a new report.

Get Used to Volatility, Says Hedge Fund That Called August Rout

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Anthony Limbrick, whose hedge fund profited on bearish wagers during the August rout, says the recent turbulence in markets heralds a new era in increased volatility.

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