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Fortress Investment Group LLC

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  • NBA's Bucks add third hedge fund owner in Dinan Friday, 17 Oct 2014 | 11:39 AM ET
    Jamie Dinan

    The big "bucks" keep flowing from Manhattan to Milwaukee with Jamie Dinan joining Marc Lasry and Wes Edens as an owner of the NBA's Bucks.

  • Oct 8- Citigroup Inc's consumer finance unit, OneMain Financial Holdings Inc, filed for an initial public offering of its common stock, a big step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest...

  • Fortress: Brazil 'most amazing' trading opp Monday, 22 Sep 2014 | 3:08 PM ET
    Aerial view of Christ the Redeemer statue, in Rio de Janeiro, June 26, 2014.

    Fortress Investment Group executive Gareth Henry thinks Brazil is the best place to invest in over the next year.

  • The company, formerly known as Fair Isaac Corp, said on Thursday that overdue medical payments that have already been settled will be ignored while calculating credit risk.

  • The company, formerly known as Fair Isaac Corp, said on Thursday that overdue medical payments that have already been settled will be ignored while calculating credit risk.

  • Summer's busiest week for markets is here Friday, 25 Jul 2014 | 6:10 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.

  • Hedge fund manager Cooperman says market gains will slow Wednesday, 16 Jul 2014 | 12:19 PM ET

    NEW YORK, July 16- Hedge fund manager Leon Cooperman, who has forecast that the Standard& Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now.

  • NEW YORK, July 14- After months of trying to push Dish Chairman Charles Ergen out of its capital structure, bankrupt wireless venture LightSquared on Monday proposed a turnaround plan that would make Ergen its primary lender after bankruptcy.

  • Ernst & Young to pay $4 million in SEC settlement Monday, 14 Jul 2014 | 3:40 PM ET
    Ernst and Young signage in New York City.

    Accounting giant Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules, U.S. regulators said.

  • In 2012, Ernst& Young voluntarily decided to cease performing lobbying work for SEC registrant audit clients. " "Auditor independence is critical to the integrity of the financial reporting process," said Scott Friestad, an associate director in the SEC's enforcement division.

  • July 9- Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed in a Colorado federal court on Tuesday, said Ergen had engaged in fraud and violated a federal anti-racketeering law.

  • NEW YORK, July 1- Bankrupt wireless venture LightSquared on Tuesday revealed a new restructuring proposal that would cede 74 percent of its equity to a new investor group that includes JPMorgan Chase& Co, Cerberus Capital Management and Fortress Investment Group.

  • Abe's reform plan draft leaves unanswered questions Monday, 2 Jun 2014 | 7:49 PM ET
    Prime Minister of Japan Shinzo Abe.

    A draft plan to boost Japanese growth promises to overhaul corporate governance and promote technology but it leaves many questions unanswered.

  • Fortress preps $4.7B Stuyvesant Town bid: Report Wednesday, 14 May 2014 | 9:53 AM ET
    Looking up First Avenue showing the Stuyvesant Town-Peter Cooper Village complex in New York.

    Fortress Investment Group LLC is reportedly considering making a $4.7 billion bid for Stuyvesant Town-Peter Cooper Village.

  • Early movers: P, SHLD, YHOO, SODA & more Wednesday, 14 May 2014 | 7:44 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Hedge funds' secret weapon is ex-Obama advisor Friday, 4 Apr 2014 | 1:03 PM ET
    Austan Goolsbee

    Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Obama.

  • Hedge fund showcase event considers new Asia venue Tuesday, 18 Mar 2014 | 2:52 PM ET
    Anthony Scaramucci and Tony Blair at a SALT conference

    SkyBridge's SALT Las Vegas has a lagging younger sibling, SALT Singapore.

  • Quiznos considers bankruptcy filing: Report Thursday, 27 Feb 2014 | 3:18 PM ET

    Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.

  • Inside hedge fund pay: $10M for a 10% return Sunday, 16 Feb 2014 | 5:00 PM ET

    The CEO of a $5 billion hedge fund can expect to make between $7 million and $10 million if the fund returns just 10 percent.

  • Private equity looking at all things that crumble Friday, 15 Nov 2013 | 3:18 PM ET
    Bridge collapse on I-5 near Mount Vernon, Wash., May 23, 2013

    Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.