BOSTON, Oct 21- Hedge fund manager Daniel Loeb told investors on Tuesday he urged U.S. biotechnology company Amgen Inc to split into two separate businesses, a move he said could boost its share price by more than 80 percent. "Our own extensive diligence suggests that a breakup of Amgen is feasible and that purported constraints such as tax strategy and supply...» Read More
James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true. Now Mr. Chanos, a wealthy hedge fund investor, is working to bust the myth of the biggest conglomerate of all: China Inc.
One of the alleged tipsters in the Galleon hedge fund insider trading case could plead guilty as soon as Thursday, CNBC has learned, potentially becoming a key witness in the sweeping federal investigation.
Federal prosecutors said they intend to file a new indictment against hedge fund mogul Raj Rajaratnam, charged last year in a sweeping insider trading case.
You don’t have to work on Wall Street to play in the major leagues.
Bernie Madoff is back in his Butner, NC, prison cell after a brief stay in the prison's medical unit, according to the Bureau of Prisons Web site.
Bernard Madoff remains under medical care for a seventh day at a prison medical center for dizziness and hypertension, the federal Bureau of Prisons said Thursday.
Don't get me wrong: with the S&P 500 up 23 percent for the year, it has been a very good year...the best return, in fact, since 2003, when the S&P was up 26 percent.
In the last two months, SAC Capital Advisors has turned into a $13 billion piñata.
A trial has been set for April 26 in the case of Arthur Nadel, the Sarasota, Fla., philanthropist and hedge fund manager who became the first alleged "mini-Madoff" when the six funds he managed went bust earlier this year.
Ever wonder why some of the economy’s biggest successes are painted as failures? Let Cramer explain.
Well, as best the Mad Money host can anyway. No doubt stocks are sending some mixed messages.
Investors take note: Fund managers can trump business fundamentals during a rally. Cramer explains how they do it.
Warren Buffett is losing his decade-long $1 million "big bet" against a collection of hedge funds, but it's still early in the race. Buffett hopes his "tortoise" will catch up over the next nine years, erasing an early lead for the "hare" after a tough year for everyone.
Bear Stearns and Lehman Brothers paid their executives largely in stock, and that stock lost most or all of its value when those companies collapsed. But three professors at Harvard - citing a study - dispute that executives at Bear and Lehman were wiped out along with their companies. The New York Times reports.
Gold prices continue to make fresh highs but there could be a possible correction come 2010, warned Bill McQuaker, head of equities & director of multi-manager funds at Henderson Global Investors.
Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.
John Paulson’s hedge fund group, the Paulson Funds, had another strong, if not spectacular quarter, according to an investment letter obtained by CNBC.
Texas billionaire T. Boone Pickens has made headlines with his clean energy plan for America. But what you haven't heard is the 81-year-old's plan to stay mentally and physically fit. Neuroscientists who have studied his brain say it appears to function like someone half his age.
Money managers hire this company to keep their deals, and their consciences, clean.
The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers, the New York Times 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.