Wed, Nov 26 2014
BOSTON - Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.
NEW YORK - Hedge funds invested in emerging markets have seen sharp declines this year, led by Russia and Latin America, but India stands out as a bright spot.
- Investment firm Tiger Global, one of the hedge fund world's most successful players, is raising new money for a new fund, taking in more money for an older portfolio and giving investors who want out a chance to get their money back by year's end.
NEW YORK - Investors in U.S.-based mutual funds pulled over $3 billion out of stock funds in the week ended Nov. 19 on global growth concerns, data from the Investment Company Institute showed on Wednesday.
NEW YORK - Every industry has its loss leaders, and the investment world is no different. The theory is that you will go to the store for the $12 turkey and stick around to buy dressing, cranberries, juice, pies and two kinds of potatoes. Mmmm, but I digress.
ZURICH - Many of Switzerland's foreign millionaires will be watching nervously on Sunday as voters decide whether or not to scrap one of the country's biggest tax perks for expatriates.
NEW YORK - LeapFrog Enterprises Inc, the maker of educational electronics for kids whose missed sales estimates have pushed its shares down 30 percent this year, is attracting some big-name value fund managers who are betting the company will either rebound during the holiday season or be bought by a rival.
Tue, Nov 25 2014
WASHINGTON - President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.
- Lower energy prices should stick around, boosting growth and risky assets like stocks but increasing the risks of deflation.
Wed, Nov 26 2014
NEW YORK - You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.