Cantor Fitzgerald to pay U.S. watchdog $7.3 million for microcap sales

(Reuters) – Cantor Fitzgerald & Co will pay $7.3 million for selling billions of unregistered microcap shares and for lapses in its procedures to detect possible money laundering, Wall Street’s…

Loomis Sayles’ Dan Fuss says ‘being too cautious’ hurt his bond fund

NEW YORK (Reuters) – Loomis Sayles Vice Chairman Dan Fuss said his popular Loomis Sayles Bond Fund, which is lagging 92 percent of its peers, suffered from overexposure to short-term securities…

Factbox: Morgan Stanley sees slightly smaller 2015/16 sugar supply deficit

NEW YORK (Reuters) – Morgan Stanley analysts have slightly lowered their forecast for a global deficit of sugar supplies in 2015/16, bucking a recent trend of upward revisions.

Apps to help you organize and use your gift cards

BOSTON (Reuters) – Cathy Kamimura is an extreme user of gift cards. She currently has about 100 valued at more than $2,000.

Make your holidays bright with a Roth IRA conversion

CHICAGO (Reuters) – If you are still licking wounds inflicted by this year’s volatile stock market, a Roth conversion might be the healing balm you are seeking as 2015 draws to a close.

Libya sovereign fund assets must remain frozen, says one of two rival chairmen

LONDON (Reuters) – One of the would-be chairmen of Libya’s $67 billion sovereign wealth fund said on Monday that it would be wrong to unfreeze the fund’s assets following last week’s agreement to…

Speculators trim U.S. ten-year Treasury note futures net shorts: CFTC

(Reuters) – Speculators’ net bearish bets on U.S. 10-year Treasury note futures fell in the latest week in advance of the Federal Reserve’s decision to raise interest rates, according to Commodity…