Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.» Read More
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
From the dramatic rise and equally dramatic fall of fuel prices, to the volatile moves in Asia-Pacific forex markets, and now, slumping passenger loads, fate has dealt a cruel blow to the airline industry.
Overly negative investors will miss what opportunities this market has to offer. So consider the following list before completely giving up.
We're in the midst of preparing a CNBC-sponsored debate program from WEF, "No Way Back", so here's a sneak peek at what the the all-star panel had to say.
JPMorgan Chase says that its potential losses related to Bernard L. Madoff, the man accused of engineering an immense global Ponzi scheme, are “pretty close to zero.” But what some angry European investors want to know is when the bank cut its exposure to Mr. Madoff — and why, the New York Times reports.
A Florida hedge fund manager who disappeared this month just as he was due to pay investors $50 million turned himself in to authorities Tuesday to face federal securities and wire fraud charges.
The court-appointed receiver in the case of missing hedge fund manager Art Nadel says Nadel has been defrauding investors since at least 2003, "and in all likelihood before then."
Hedge fund manager John Paulson has profited more than anyone else from the financial crisis. His $3.7 billion payday in 2007 broke every record, and he made it all by betting against homeowners, shareholders, and the rest of us. Now he’s paying the price.
The Nasdaq launched a Government Relief Index on Jan. 5 to measure the performance of companies receiving TARP money, and now investors want a piece of the action.
In breaking news CNBC's Scott Cohn reveals the latest details on the disappearance of 76-year-old hedge fund manager Arthur Nadel...
Federal law enforcement agents have tracked missing Sarasota hedge fund manager Arthur G. Nadel to Slidell, La., through cell phone records, according to a report in the Sarasota Herald-Tribune, which cited sources close to the investigation.
J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard L. Madoff’s hedge fund was an elaborate Ponzi scheme.
Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns"—outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with eye-popping returns that carried seemingly moderate risk.
“He destroyed lives,” the former Big Idea host said. The fact that Bernie’s not yet in jail is “an abomination.”
Who among Bernie’s $50 billion worth of investors should get their money back? And what if some were in on the scam?
The embattled money manager claimed returns of as much as 12% a year. That's not what we found.
What does the future hold for the fastest money on the Street?
The most notable asset Relativity is acquiring is Rogue's library of about 30 films, which can be monetized though DVD sales, TV rights (on the likes of HBO), and now digital distribution. Rogue is known for what Hollywood calls "genre" films, horror films aimed at moviegoers 25 and under, made with a relatively low budget.
The regulator has no excuse for missing the alleged $50 billion fraud, Cramer says.
It's been a rough go for Red Sox owner John Henry, as the team winning championships in 2004 and 2007 might have been the only thing that kept him sane.