Bloomberg News

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Hedge Funds Boost Bad-Loan Prices

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Sales of U.S. delinquent mortgages are accelerating as lenders rush to meet demand from hedge funds and private-equity firms that has sent prices surging.

CEOs Go Shopping For Smaller Jets Again

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A rebound in sales of business jets that began with the biggest, longest-range planes is spreading to small- and mid-size models.

Islanders Owner Wang Accused Of Reneging On Team Sale

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Charles Wang was sued by investors over claims he reneged on a deal to sell them the New York Islanders hockey team for $420 million, a year before the team is set to move into the $1 billion...

JPMorgan Considers Moving Site Of NYC Headquarters

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JPMorgan is considering moving its New York headquarters as the company has fewer employees in the nation’s largest city, according to a person briefed on the discussions.

About 300,000 Could Lose Obamacare Over Residency Papers

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More than 300,000 people face a Sept. 5 deadline to prove their legal U.S. residency or lose their Obamacare health coverage.

Brokers Lure Soldiers Out Of Low-Fee Federal Retirement Plan

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Brokers at prominent brokerage firms have been talking federal workers into ditching their low-cost retirement plans and rolling funds over into high-fee products.

SEC Rules Pimco’s Total Return ETF Allowed to Trade Derivatives

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The ruling enables the fund to more closely track the Total Return mutual fund, the world’s biggest bond mutual fund.

Junk-Bond Selling Frenzy Is Neutralized As Wall Street Buys More

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Evidently there was a scare in the U.S. high-yield bond market this past week. Just don’t ask traders about it. They might have missed it.

Man Who Swindled Wealthy Wine Collectors Gets 10-Year Prison Term

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A man who scammed wealthy wine collectors including billionaire William Koch by selling them more than $20.7 million in fake French vintages created in his home kitchen was sentenced.

MetLife Discloses $1 Billion Of Russia, Ukraine Investments

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MetLife Inc., the largest U.S. life insurer, said it has about $1 billion in investments in Russia and Ukraine amid a conflict among the European nations.

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