Cerberus seeks a $25 million equity investment for its gun business from an unnamed third party, The Wall Street Journal reported.» Read More
When the Stanford business professor Darrell Duffie co-wrote a book on how to overhaul Wall Street regulations, he did not mention that he sits on the board of Moody’s, the credit rating agency, the New York Times reports.
Stocks ended slightly down from Wednesday's record high levels, shrugging off news of economic strength from several economic reports. AmEx fell, while Alcoa rose.
Stocks stumbled from their record highs Thursday despite a handful of upbeat economic reports, although trading remained light in the final sessions of the year. AmEx fell, while Alcoa rose.
Oil could trade as high as $120 a barrel and as low as $80, Richard Abbe, co-founder of the quarter of a billion dollar fund Iroquois Capital Management, told CNBC's on Thursday. "People are moving to the Balkin area (North Dakota). There's a lot of oil there and there's big oil plays."
Stocks traded slightly down from record highs despite a batch of positive economic reports, including a surprising jump in pending home sales and a burst in Midwest manufacturing activity. AmEx fell, while Intel rose.
U.S. stock index futures strengthened but remained lower after the government reported a sharper than expected drop in jobless claims.
Groupon, the social buying site that spurned a $6 billion takeover bid from Google earlier this month, has attracted several big institutional investors as it works to potentially go public in 2011, people briefed on the matter told the New York Times.
Stocks pared gains in the final minutes of trading but still ended at new highs in light trading Wednesday as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Stocks continued to trade at new highs in light trading Wednesday as the closing bell approach despite an absence of fresh economic reports, as investors remained optimistic about the prospects for equities next year. McDonald's and Disney rose, while Alcoa fell.
Investors are turning to private exchanges, like Second Market and SharesPost, to buy shares of non-public companies such as Facebook or Twitter. This is causing the SEC to take notice.
In terms of the next cycle, there will be M&A and equity underwriting, Brad Hintz, the former CFO of Lehman Bothers in the late '90s and current senior analyst at Sanford Bernstein, told CNBC on Wednesday.
Stocks continued to reach new highs Wednesday in an absence of economic data as trading volume continued to be light. McDonald's and Chevron rose, while P&G fell.
U.S. stock index futures edged higher ahead of the open Wednesday as investors braced for an auction of government debt following a weak Treasury auction in the previous session.
Facebook likes big numbers — it now has more than 500 million users, each one of whom can have as many as 5,000 friends. Yet as a privately held company, its ownership base must remain small, or it will have to disclose publicly its financial results, the New York Times reports.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
Stocks declined modestly amid thin holiday trading and after a couple lackluster economic reports as the Northeast recovered from a huge snowstorm. Caterpillar and Disney fell, while Bank of America rose.
U.S. stock index futures were higher and largely unchanged after a report showing housing prices remain lower over the past year.
The Bank of Nova Scotia is sometimes praised for having a nearly perfect record with its investments in the United States. But it is the only one of Canada’s five large banks that has largely avoided the American market, the New York Times reports.
A red-hot trading market has developed in the shares of the world’s leading private companies. Now, the SEC wants to learn more about this business. The New York Times reports.
*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.
An SEC complaint could limit the fees that private equity firms charge or force greater oversight.
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.