Hedge funds took in roughly $112 billion in new money thisyear even though returns have been paltry, with the average fundreturning roughly 4 percent this year through November. As hedgefunds posted low single digit returns, the stock market raced toa series of fresh highs and the Standard & Poor's 500 index gained 12.8 percent since January. Last year, investors added$62 billion in new money to hedge funds.


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The impact from cheaper energy is strong and will get stronger. U.S. growth will be as much as 0.5 percentage point higher than otherwise next year as a result, according to the International Monetary Fund, and as much as 0.6 percentage point in 2016. To look for a historical parallel, oil prices fell even more sharply in 1985 and 1986, setting the stage for a multi-year economic expansion.


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Mayor Stephanie Uy-Tan said 12 people died when a landslide buried two vans and six houses near a mountainside highway in eastern Catbalogan City. She said voices could still be heard from one of the vans and that rescue efforts were ongoing.


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Arizona defensive coordinator Todd Bowles and Seattle defensive coordinator Dan Quinn also are expected to receive interviews, Quinn perhaps as early as this week given the Seahawks have a bye as the NFC's No. 1 overall playoff seed. Patriots offensive coordinator Josh McDaniels is likely to get an interview.


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"Equity markets are coming under selling pressure, while theGreek situation had led to a flight into quality," said HansRedeker, global head of FX strategy at Morgan Stanley in London,adding that the dollar was set for more gains in 2015.


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However, they fell behind for the first time in four games, lost a lead for the first time since Dec. 8, and got subpar outings from Ryan McDonagh and Tanner Glass. And the common denominator was the Blueshirts’ preoccupation with outracing Dallas rather than keeping their shape and discipline.


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The meeting was the culmination of two years of quiet negotiations with Cuban officials. The man who helped handle those negotiations for President Barack Obama was Ricardo Zuniga, an American diplomat born in Honduras to a prominent political family.


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Pat Lynch, head of the New York police union, is digging a disastrous civic and racial gulf when he encourages his members to turn their backs on a mayor who won election in part with talk of reforming police arrest and patrol practices. The New York Police Department can’t be a militia at odds with municipal officials it considers too liberal.


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The private nature of the communications between thegovernment and the three energy companies left a wide range ofother drillers in the dark about investing in expensiveinfrastructure to process condensate.


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The star of the new Commission looks set to be Frans Timmermans, the first vice-president. He is already emerging as an able advocate for the EU in several languages and will surely play a key role in any future UK referendum.


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Call of Duty: Advanced Warfare multiplayer on Xbox One might be launching at 60 frames per second and 900p. That is, according to recent tests done by Digital Foundry on versions found of the game at EGX and Gamescom. Tests...


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The suspension could put into doubt Suh’s future with the club as a free agent Although they put aside contract talks with Suh’s agent, Jimmy Sexton, at the start of training camp, they insisted they want him back.


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For the default declaration to take effect on any of the more than 20 U.S. law bonds outstanding, investors holding at least 25 percent of any one series must request the action, Aurelius said in the letter to fellow bondholders.