Dec 6- Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, said it would spin off its Lands' End clothing business. The spinoff will be through a prorata distribution of Lands' End shares to shareholders, Sears said in a regulatory filing on Friday.» Read More
When volume is light—as it typically is in bear markets—the actions of a relatively small number of investors can have a profound impact on stock prices.
He's been knocked down before, he intends to recover again, but for now, Boone Pickens is out of the market. The oil industry legend's BP Capital has been slammed by the credit crunch, shrinking by about 60 percent so far this year. That's a drop of some $2 billion since it peaked in late June.
It's hard to drain the swamp when you are up to your butt in alligators. We are seeing a margin call on hedge funds of unprecedented proportion. But then we have seen unprecedented growth in the number of hedge funds.
Ever wonder what's causing those wild final-hour fluctuations we've seen recently? Cramer explains.
The gilded age of hedge funds is losing its luster. The funds, pools of fast money that defined the era of Wall Street hyper-wealth, are in the throes of an unprecedented shakeout, says the New York Times.
There’s chatter that an aftershock could rock Wall Street this week. But this kind of ripple has nothing to do with geology.
The manager of a successful hedge fund which made money betting against the financial and property sectors called bankers and traders who took the other side of his bets "idiots" in a farewell letter and urged high achievers in business to live their lives otherwise than glued to their Blackberries.
That means, if you own the stock, it's time to cash out.
In the midst of ongoing concerns about hedge fund losses and liquidations, Highland Capital has told investors that its closing its Crusader fund, CNBC has learned.
Hedge fund losses and liquidations spooked markets today, and some of the biggest names in the mix are Citadel and Highland.
AIG's former CEO said the company has “more than enough” assets to cover the $85 billion loan it received from the U.S. government, while inflation numbers took an unexpected turn for the worse and retail sales slumped again in September. Following are today's top videos:
Cramer highlights two stocks that have been oversold by one big money manager.
The U.S. government could nationalize investment banks Goldman Sachs and Morgan Stanley, after confirming that it may buy stakes in financial institutions by the end of the month, Hugh Hendry, Partner and CIO at Eclectica, told CNBC.
Neel Kashkari, who has only six years of experience in finance and government, said he knew he seemed young to be shouldering so much responsibility for the world’s financial stability. But, he said, Mr. Paulson will oversee every step he takes.
Also, Carmen offers advice on when it's time to get out of your investments altogether.
Nearly three weeks ago, regulators abruptly banned short sales of financial stocks to protect companies that had come under siege in the stock market. Short-sellers, critics said, had contributed to the declines by betting against the companies’ shares, the New York Times reported.
The first deputy managing director of the IMF says that several advanced economies are close to a mild recession, while an economist predicts that over a 1000 hedge funds will close this year. Following are today's top videos:
Stocks declined Wednesday as disappointing economic data added to the weight on investors shoulders over the strained credit market and haggling on Capitol Hill.
The way these stocks are dropping, you'd think it was the Nasdaq circa 2001.
Stocks ended lower Wednesday amid concerns about strained credit markets and the economic slowdown. Banks rallied as investors were encouraged by progress on bailout talks on Capitol Hill. GE got a vote of confidence -- to the tune of $3 billion -- from Warren Buffett.
All eyes are on the Fed's big announcement Tuesday. Fortunately, the taper and QE don't really matter all that much.
As we tick down to the Fed's policy statement, here's a tour through current policy with an eye to what might change.
Markets have been anticipating the Fed's direction ever since it began dropping hints about a decrease in asset purchases.