Fortress Investment Group is shutting down its $2 billion flagship macro fund after a run of poor performance, the FT reports. » Read More
Strong growth in Latin America should take this ag machinery company higher.
In Friday's Web Extra, the traders reveal how they're playing housing data as well as quarterly earnings from Oracle and Fortress in the week ahead.
Surprise, surprise. Another CEO could get a massive payout despite his terrible performance.
Fortress Investment Group came to market at private equity's peak. Too bad no one but the company knew the party was over.
As Castro Announces his Retirement at 81, the stocks that could benefit.
Top government and private-sector executive discussed derivatives and analyzed the recent financial crisis. ECB chief Trichet says turbulence won't dictate rates, JPMorgan Chase boss Jamie Dimon says such crises are cyclical, but nobody mentions the fraud at Societe Generale.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The guys who run these companies are smart. But the investors who own these stocks? Not so much.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hedge fund and private equity company Fortress Investment Group reported a third-quarter loss on Tuesday, hurt by a special charge.
The financial sector continued their decline on news that Citigroup CEO Charles Prince resigned. In spite of the bank downturn some technology stocks continue to make gains.
Nationstar Mortgage, the subprime unit of Fortress Investment Group, said it is no longer accepting new loan applications from brokers, a signal the lender is winding down operations.
More credit problems surfaced in the financial sector on Tuesday, battering stocks and fueling worries that things will get worse before they get better. "The market is still jittery," said Stephen Porpora, managing floor broker with William O'Neil. "Everybody's looking for the next shoe to drop in this subprime problem."
Stocks closed sharply lower, with the Dow dropping more than 200 points, amid continuing anxiety about the credit markets and a weak earnings outlook from Wal-Mart. "I still feel the market is headed for a lower low," said Byron Wien, chief market strategist at Pequot Capital Management.
Private equity and hedge fund firm Fortress Investment Group on Tuesday posted a wider loss for the second quarter, as compensation expenses rose dramatically.
Kohlberg Kravis Roberts, the private equity firm planning to go public, should yank its IPO from the market, according to analysts, who say declining credit markets make it tough for a leveraged buyout firm to bring an offering to market.
Partners of private equity firm Blackstone Group may have devised a way to avoid payingtax on $3.7 billion raised largely in the firm's initial public offering last month, the New York Times reported on Friday.
Casino operator Trump Entertainment Resorts said Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 14 percent.
Casino operator Penn National Gaming said Friday that it agreed to be acquired for about $8.9 billion, including $2.8 billion in outstanding debt.
Blackstone Group sent a letter to its limited partners last Friday which said that while the private equity firm is considering an IPO, they have not made a final decision, reported CNBC's David Faber, citing people who have received the letter.
A missed call sends Cramer straight to the linoleum floor with a bottle of cheap scotch. But admitting his mistake (and drinking the shame away) is better than letting you Home Gamers continue down the wrong path. Here are the results of his latest IPO plays.