Monthly Archives: November 2008
Chrysler cash drains away as crisis deepens
Reuters – Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people […]
European shares climb higher
Reuters – European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of key U.S. jobs data. Oil dropped briefly below $60 a barrel […]
Clare takes out unprecedented loan to invest in stock market
Cambridge Varsity Online – Clare College has borrowed £15 million to invest in the stock market. The unprecedented inflation-linked loan is due to be repaid in 2048 and the College expects to make a profit of around £36 million. Clare […]
Ex-Intel techie accused of $1 bn theft
Economic Times – A former Intel Corp engineer has been charged with stealing trade secrets worth $1 billion from the chip maker while he worked for Advanced Micro Devices Inc. Federal prosecutors in Massachusetts alleged this week in a five-count […]
Even Healthy Hedge Funds Face Redemptions
Seeking Alpha – It’s a tough world out there – I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge – that is amazing. September was awful as […]
Cook starts to cut the mustard
Proactive Investors Australia – Why have investors been selling UK-listed coal miners – even the big boys like Xstrata, Rio and BHP Billiton – as if they were going out of fashion? Lack of understanding of the global market […]
Asian stock markets rebound from early lows
The Olympian – Asian stock markets turned in a mixed performance Friday, but most recoiled from their lows despite a grim profit forecast from Toyota and sluggish U.S. economic data. European markets opened higher. <a href="http://ad.doubleclick.net/click%3Bh=v8/3771/3/0/%2a/m%3B206972556%3B0-0%3B6%3B21053753%3B4307-300/250%3B27904097/27921976/1%3B%3B%7Esscs%3D%3fhttp://altfarm.mediaplex.com/ad/ck/9273-64089-6172-3?mpt=7042861"> <img src="http://altfarm.mediaplex.com/ad/bn/9273-64089-6172-3?mpt=7042861" alt="Save Some […]
Hedge funds: will it be a renaissance Man?
Times Online – Hedge funds are supposed to like risk and to love leverage. However, in the current markets, it has all got too much for Man Group. The world’s biggest quoted hedge fund manager – and historically one of […]
Hedge funds make £18bn loss on VW
BBC Business – Hedge funds have lost £18bn in two days of trading in Volkswagen (VW) shares that briefly saw the carmaker become the world’s most valuable company. VW shares rose 348% over Monday and Tuesday after it emerged that […]
Life after death for hedge funds?
AllAboutAlpha.com – Several pundits have recently pronounced the so-called “hedge fund model” to be dead (or at least “upended“). But is the patient clinically dead, or is it just having an out-of-body experience? After the recent trauma experienced by the […]
Sears, Walgreen may find CEOs within
Chicago Sun-Times – Chicago’s venerable Sears and Walgreen retailers are looking for new CEOs, and names are starting to surface as contenders. Sears’ challenge is to find a CEO to work under Chairman and hedge-fund manager Edward S. Lampert, who […]