Fed Holds Interest Rates Steady and Plans Slower IncreasesThe central
bank, which entered the year planning to raise rates four times, has
scaled back those plans as economic growth has disappointed
New Hedge Fund Gets the Michael Milken TouchExecutives who
have been managing more than $2 billion for Mr. Milken's family
investment office have transformed the firm into a hedge fund and are
beginning to woo outside investors, according to securities filings and
people close to the matter.
China's Tencent Nears Deal for 'Clash of Clans' Maker SupercellThe deal values
the Finnish maker of the "Clash of Clans" mobile game at more than $9
billion, said people familiar with the matter, and could make the
Chinese internet giant a global powerhouse in the online mobile game
FireEye Said to Have Rebuffed Takeover OffersThe
cyber-security company rebuffed takeover proposals from multiple parties
earlier this year after hiring Morgan Stanley to field interest,
according to people with knowledge of the matter.
How Yahoo Derailed TumblrDuring a
meeting, one engineer made a GIF of David Karp, Tumblr's founder,
fiddling with his phone while Marissa Mayer, Yahoo's chief executive,
talked on the screen overhead. He was Photoshopped to be eating while
Bill Ackman Brings Herbalife Documentary to the Hamptons"We think of
the Hamptons as finance, but the amount of people who are out there who
actually work in the industry is not that huge," said the artistic
director of the Hamptons International Film Festival SummerDocs series.
"I'd be surprised if more than 40 in that screening work in the finance
Labor Department to disclose consumer prices.On Thursday, at 8:30 a.m.,
the Labor Department will release data on consumer prices in May.
Economists are expecting to see a 0.3 percent increase in overall
consumer prices, with a 0.2 percent rise in the less volatile core
Consumer Price Index. Inflation remains tame, with a likely increase in
May driven, in part, by higher gasoline prices. Nelson D. Schwartz