After salivating at the Alibaba IPO, hedge fund managers lucky enough to buy in early are indeed getting a nice kick to their returns.» Read More
The Securities and Exchange Commission filed securities fraud charges against three former IndyMac executives—including the former CEO and two former CFOs of the company.
The SEC complaint alleges that the former IndyMac executives made false and misleading claims in the company's 2007 annual report—as well as in offering materials for a $100 million stock offering.
It’s welcome news that the Obama administration proposes to wind down the mortgage giants Fannie Maeand Freddie Mac.
Unfortunately, this news is coupled with something far less welcome—a proposal to recreate the government sponsored entities all over again.
The news for Hosni Mubarak keeps getting worse: First he loses power in Egypt—now the Swiss government has announced that Switzerland is freezing accounts belonging to Mubarak and his family.
Some believe Mubarak may lose up to $40 billion if things really go south for him.
That hypothetical involves two principal assumptions: First, an estimate of the Mubarak family's enormous wealth; second, that Egyptian protesters will get their way—and have corruption charges brought against the Mubarak clan, which will result in the disgorgement of substantial amounts of cash.
It appears boot sales aren't taking a hike anytime soon.
At a time when retailers are trying to create enthusiasm for Spring, the harsher than usual winter is creating the perfect storm for boot demand.
So the government has killed Level Global Investors LP.
This morning David Ganek sent a letter to investors in the $4 billion hedge fund announcing that it expects to sell all of its holdings by the end of March.
Ganek founded Level Global in 2003 with Anthony Chiasson. Both are alumni of Steven Cohen's SAC Capital Advisors.
After Hosni Mubarak's resignation, ZeroHedge is reporting that Field Marshal Mohamed Hussein Tantawi is in control of Egypt—though, possibly, on an interim basis.
Tantawi has been a commissioned officer in the Egyptian military since 1956, although he did not ascend to his current rank of Field Marshal until 1991.
What exactly is a field marshal?
When it comes to her call on municipal bonds, it seems that Meredith Whitney is likely to be right in that Meredith Whitney kind of way.
That’s to say that she’s correct figuratively but probably wrong literally.
Ever since the doom-saying banking analyst predicted a wave of defaults in municipal bonds she has been subject to severe backlash. Her critics have called her ill informed and a financial fish out of water, delving into an area in which she has no expertise nor serious data to back up her opinions.
Sharm el-Sheikh, the Egyptian city where Hosni Mubarak is holed up, is an interesting place for an autocrat to attempt to ride out a revolution.
Sharm—as the locals are known to charmingly call it—claims tourism for its major industry: It's basically an isolated resort town on the Red Sea coast.
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
After salivating at the IPO, hedge funds lucky enough to buy in early to Alibaba are indeed making a nice profit.
Financial firms are shelling out big cash for the mid-term Senate elections, but their favorite candidate is an unlikely one.
Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands before the holidays.