Monthly Archives: March 2017
Britain’s Co-op Bank Posts Annual Loss of $580m
(Reuters) Britain’s Co-operative Bank reported an annual loss for 2016 of 477 million pounds ($579.79 million), a month after the struggling lender put itself up for sale after failing to meet regulatory capital requirements.”We are pleased with the interest to […]
Greyrock Capital Group Raises $275M For Fourth Fund
(FINalternatives) Greyrock Capital Group has raised $275 million in capital commitments for its fourth buyout fund, handily beating its original $200 million target. To read this article:
Flipkart Looking to Raise $1bn in Latest Funding Round
(Reuters) Top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday. The source declined to name the potential […]
Watchdog Group Asks For Probe Into Icahn’s Role As Trump Advisor
(FINalternatives) Government watchdog group Public Citizen has reportedly asked lawmakers to investigate whether Carl Icahn violated lobbying disclosure laws when he advised President Donald Trump on overhauling the U.S. biofuels program, a complaint the billionaire investor denied and called a […]
Trump to Meet With Business Leaders on Infrastructure
(Reuters) President Donald Trump plans to meet with a group of infrastructure business leaders at the White House on Wednesday, a person briefed on the meeting said. During his presidential campaign, Trump said he would push for a $1 trillion […]
Gundlach: Expect Federal Reserve To Hike ‘Until Something Breaks’
(Reuters) – Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, […]
Watchdog to Ask US Lawmakers to Probe Icahn’s Role With Trump
(Reuters) A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels […]
Hedge Funds Are Bracing for a Market Selloff
(Bloomberg) U.S. stocks have piled up $1.5 trillion in market value this year, but hedge funds are bracing for tough times ahead. Based on buying and selling in 2017, managers have stopped loading up on bullish positioning. They’ve also become […]
Hedge Fund Sarissa Seeks to Replace Majority of Innoviva’s Board
(Reuters) Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company’s board. The company’s shares were up 3.1 percent at $12 in early trading on Tuesday. Innoviva, formerly Theravance […]
SEC’s ‘Hamilton’ Ponzi Case Expands to Dylan, McCartney, Harry Potter
(Reuters) Entertainment featuring Bob Dylan, Paul McCartney, The Rolling Stones and even Harry Potter are now part of a U.S. regulator’s expanded lawsuit accusing two New York men of running a Ponzi scheme centered on the resale of tickets to […]
SEC Proposes Inline XBRL Filing of Tagged Data
(HedgeCo.Net) The Securities and Exchange Commission today voted to propose amendments intended to improve the quality and accessibility of data submitted by public companies and mutual funds using eXtensible Business Reporting Language (XBRL). The proposals would require the use of […]
Trump Tweets Hurt Stocks, Dollar Gains
(Reuters) Key world equity markets fell on Monday as U.S. President Donald Trump’s accusations that he was wiretapped by his predecessor dimmed U.S. tax reform plans, while the dollar rose on improved chances an anti-EU candidate will become France’s president. […]