Hedge fund giants secure grip on industry despite lagging returns

* Majority of money held in funds worth more than $1 billion

from Reuters: Financial Services and Real Estate http://ift.tt/1pwtGTC

'Phil the Thrill' Mickelson, the people's champion in golf

LOS ANGELES (Reuters) - Throughout his Hall of Fame career, Phil Mickelson has richly entertained fans with his swashbuckling, sometimes high-risk, approach to golf and his dazzling skills around the green.

from Reuters: Business News http://ift.tt/1og7KIC

New York's Lawsky wants senior BNP execs fired in probe -sources

NEW YORK, June 1 (Reuters) - New York state's top banking regulator, Benjamin Lawsky, is asking BNP Paribas SA to fire some senior executives as part of a settlement of allegations that the French...

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China official PMI hits five-month high in May, boding well for second quarter

BEIJING (Reuters) - China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's...

from Reuters: Economic News http://ift.tt/1mYsAwY

China official PMI hits five-month high in May, boding well for second quarter

BEIJING (Reuters) - China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.

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In China, managers are the new labor activists

SHANGHAI (Reuters) - Behind China's biggest strike in decades last month was a new player in Chinese labor activism: management.

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Italy economy minister warns deflation would be 'disaster'

TRENTO Italy (Reuters) - Deflation would be a disaster for the euro zone and for countries with high public debt in particular, Italian Economy Minister Pier Carlo Padoan said on Saturday.

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UPDATE 1-Mickelson plays on amid news of U.S. probe into possible insider trading

(Updates throughout with Mickelson at Memorial Tournament)

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Turkish police fire teargas against protesters on anniversary of mass demos

ISTANBUL, May 31 (Reuters) - Turkish police on Saturday used teargas in central Istanbul to disperse protesters seeking to mark the one-year anniversary of the start of the biggest anti-government...

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BlackRock's Fink jolts ETF business with 'blow up' warning

(Reuters) - BlackRock Inc Chief Executive Larry Fink this week dropped a stink bomb on a small corner of the $2.5 trillion global market for exchange-traded funds.

from Reuters: Business News http://ift.tt/1rtQO76

BlackRock's Fink jolts ETF business with 'blow up' warning

(Reuters) - BlackRock Inc Chief Executive Larry Fink this week dropped a stink bomb on a small corner of the $2.5 trillion global market for exchange-traded funds.

from Reuters: Money http://ift.tt/1oUNj5r