Tag Archives: aftermath
Hedge fund pushes Yahoo to sell search unit
San Francisco Chronicle – A major investor called on Yahoo Inc. to sell its search business to Microsoft Corp. on Wednesday, adding to the pressure on the Sunnyvale Web portal to restart talks with its rival. Meanwhile, Yahoo agreed to […]
Centaurus mulls sale of Atos Origin stake
Reuters – Hedge Fund Firm Centaurus is considering selling its remaining 6.66 percent stake in French IT services group Atos Origin due to the financial crisis, French daily La Tribune reported on Monday. Centaurus and Atos could not be immediately […]
Yahoo Stock Shoots Up After Carl Icahn Raises His Stake
eBrandz – In a move expected to fuel speculation over Yahoo Inc.’s search for a new chief executive — Corporate raider and billionaire investor Carl Icahn augmented his stake in Yahoo, has bought up close to 7 million additional shares […]
General Growth jumps after hedge fund investment
Struggling General Growth Properties Inc. rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading. New York-based Pershing Square Capital bought 20.1 million shares of General Growth […]
Galleria parent jumps after hedge fund investment
Bizjournals.com – Struggling General Growth Properties Inc., owner of the St. Louis Galleria and 200 malls nationwide, rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading. […]
Morgan Stanley and MUFG renegotiating pact: source
Reuters – Japan’s Mitsubishi UFJ Financial Group, which has watched Morgan Stanley’s share price plunge 58 percent last week, is seeking more favorable terms to its $9 billion deal, a person briefed on the matter said. The Japanese lender will […]
Lehman to sell stake in R3 hedge fund
Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]
Morgan Stanley may scale back prime-brokerage ops-NY Post
Trading Markets – Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources. The firm may also try to work out a way to piggyback […]
AIG share crash means more pain for top U.S. funds
Reuters – Fidelity Investments’ Harry Lange, manager of its one-time star Magellan fund, made what now looks like a poorly timed move in June: he nearly doubled his holdings of AIG. Lange, who has already seen other financial bets sour, […]
China\’s Sinosteel to proceed with Midwest takeover
AP – Chinese steelmaker Sinosteel Corp. has taken control of 98 percent of Midwest Corp. and will proceed with compulsory acquisition of the Australian miner, Midwest said. In a brief statement Wednesday, Midwest said Sinosteel would recommend de-listing the company […]
