A hedge fund run by a famed investor said Tuesday it has taken a large stake in Amgen and now wants the biotech drugmaker to consider splitting up into two. In response, Amgen said that its board and management are continually assessing the company's business. Third Point said Amgen Inc., which makes a range of drugs for arthritis, anemia and other diseases, is not...» Read More
FBI agents arrested two individuals, including one Disney employee, in Los Angeles Wednesday morning on charges related to insider trading, CNBC has learned.
Goldman Sachs is preparing to file a full-blown, point-by-point defense against the fraud allegations filed by the SEC, people familiar with the matter told CNBC.com.
This is the text of a letter the FBI says was sent to hedge funds and other investment companies in the United States and Europe. It is included in the complaint against Bonnie J. Hoxie and Yonni Sebbag, who have been charged with trying to take advantage of inside information about Disney's finances.
The government’s case against accused insider trader Raj Rajaratnam has taken an unexpected twist. The government is now investigating leaks to journalists alleged to have come from the Justice Department and the Securities and Exchange Commission.
It was a midday “throw-down,” or shouting match, between two lawyers at opposite ends of the carried-interest debate, as they gave their views on CNBC Monday.
New legislation on closing the tax loopholes, if passed, would substanially change the way fund managers are taxed.
With gold settling below $1200 an ounce on the Comex late this week, investors are starting to take a hard look at this so-called “safe haven” asset.
Dread of potential new financial regulations and late-week risk-trimming raised the anxiety among U.S. traders on Friday, said Wall Street traders and analysts.
Should people be able to bet on your death? How about your financial failure? The New York Times explains.
Private equity firms scored a big victory on Capitol Hill on Thursday as the financial reform bill passed by the Senate exempts private equity firms from registering with the Securities and Exchange Commission.
If there were an official buzzword of the Skybridge Alternatives Conference, it might be "liquidity."
A pair of well-known investor newsletters are advising followers to sell stocks and move into all-cash positions.
After contending with nearly 240 bank failures since the financial crisis struck, the Federal Deposit Insurance Corporation is finally getting some help from private investors. The NYT reports.
Many of the top hedge funds have had to readjust their investment strategies to reduce risk amid volatile global markets.
The hedge fund summit taking place in Las Vegas this week is an extensive and diverse mix of industry leaders, who are outlining new defensive action plans on how best to play the global markets.
The worry that financial regulation will eventually come to hedge funds has York Capital Management CEO James Dinan watching the current reform bill on the verge of passage in the Senate.
The two companies still have not worked out all the kinks in their relations, with many Merrill brokers still chafing under the new management.
It's not just regulators in Washington DC or protesters on the streets of New York who have it out for Goldman Sachs.
By most accounts, high-frequency trading (HFT) is behind half of all equities traded in the United States each and every day. Here are five things investors should know about HFT.
While Goldman Sachs has legions of satisfied customers and maintains that it puts its clients first, it also sometimes appears to work against the interests of those same clients when opportunities to make trading profits off their financial troubles arise. The NYT reports.
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Hedge fund titan David Tepper is dipping his toes into the currency waters.
Corporate debt is piling up, but investors don't seem worried—at least for now—even though such complacency fueled the recession.
Hedge fund manager Dan Loeb recommended Amgen's stock Tuesday, causing shares to rise on the news.