CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.» Read More
Citigroup has expanded its up and coming hedge fund servicing team by adding 13 new hires to its Global Prime Finance Group in London and New York, the FT reports.
HE is a billionaire several times over. He has spent the better part of four decades terrorizing corporate chiefs and battling entrenched boards. His name is emblazoned on a stadium on an island in the East River, a laboratory at Princeton, a science center at the Choate Rosemary Hall school in Connecticut and charter schools in the Bronx.
Plus, get Cramer’s take on tax “avoidance” versus tax “evasion.”
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
Greek Prime Minister George Papandreou is due to meet President Barack Obama. Greece is briefing the Obama administration on reforms and discussing global financial regulation.
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My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.
It’s not your typical list of catalysts, Cramer says. Something else is at work.
Is Citigroup talking with Skybridge Capital about selling a hedge fund? We got the latest from Skybridge Partner Anthony Scaramucci.
An October trial date in New York has been set for Raj Rajaratnam, charged in what prosecutors call history's largest hedge fund insider trading case. The founder of New York-based Galleon Group, entered a not guilty plea to an updated indictment released by prosecutors last week.
A federal grand jury in New York has returned a new indictment against hedge fund mogul Raj Rajaratnam and former consultant Danielle Chiesi, sharply raising the stakes in what authorities had already called the largest hedge fund insider trading case in history.
Plus, find out an even more powerful driver behind the markets these days.
Plus, find out why the Dow managed to close in positive territory after a near two-day sell-off.
As retiring Baby Boomers flee to safer investments, some analysts fear there will be too many stocks and too few investors. But a lot depends on how much Boomers can really afford a conservative investing style as they try to recover from a lost decade for the stock market.
A former hedge fund manager named Mark E. Lenowitz has been secretly cooperating with an expanding federal investigation of insider trading on Wall Street for more than two years, in hopes of reducing his jail time.
It is one of the biggest mysteries on Wall Street: Who is Tipper X, the secret witness at the center of the biggest insider-trading case in a generation?
Defense lawyers for wealthy hedge fund operator Raj Rajaratnam are returning to a federal courtroom to try to reduce his bail on insider trading charges.
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.
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