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Finance NetNet


  Friday, 11 Mar 2011 | 4:43 PM ET

Lawsuit Against Hedge Fund Manager Dan Loeb Gets Uglier

Posted By: Ash Bennington
Third Point
Third Point

Fairfax Financial's lawsuit against hedge fund manager Daniel Loeb has just gotten uglier.

Loeb, who runs the New York based hedge fund Third Point, is being sued by the Canadian insurance company, over allegations that Loeb misled his investors over the amount of research he did before shorting their stock.

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  Friday, 11 Mar 2011 | 4:07 PM ET

It's Friday, Here's a Treat

  Friday, 11 Mar 2011 | 3:56 PM ET

The Former Head of Citadel's High-Frequency Trading Team, Mikhail Malyshev, Has Been Charged With Perjury

Posted By: Katya Wachtel, Business Insider
gavel and money
gavel and money

Mikhail Malyshev, the founder of hedge fund Teza Technologies and the former head of Citadel's high-frequency trading team, has been indicted for perjury, FinAlternatives reports.

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  Friday, 11 Mar 2011 | 3:11 PM ET

Saudi Foreign Minister: "We Will Cut Any Finger That Crosses Into the Kingdom"

Posted By: Ash Bennington
Ian McKinnell | Getty Images

The Saudi foreign minister appears to be blaming foreigners for the unrest in Saudi Arabia—and his message on outside interference is this: "We will cut any finger that crosses into the kingdom."

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  Friday, 11 Mar 2011 | 2:10 PM ET

JPMorgan Slices Growth Forecast; When Will Others Follow?

Posted By: Jeff Cox
JP Morgan Chase
JP Morgan Chase

JPMorgan emerged as the first Wall Street firm to the confessional Friday, conceding that economic growth in the first quarter will be far less than earlier optimistic projections.

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  Friday, 11 Mar 2011 | 1:29 PM ET

SEC Brawls With US Attorneys Over Insider Trading Case

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

The insider trading allegations against former McKinsey & Co. chief Rajat Gupta led to a bitter dispute between federal prosecutors and securities regulators, according to people familiar with the matter.

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  Friday, 11 Mar 2011 | 12:54 PM ET

Wall Street's Latest Court Battle

Posted By: Kayla Tausche

It was a dark and stormy night. A dozen or so men from the higher reaches of hedge funds and private equity firms had gathered together in the basement of a building in Greenwich Village. The purpose that had brought the dozen together was not plotting out the next big trade.

These men were there to play ball. Literally. They were playing basketball.

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  Friday, 11 Mar 2011 | 11:52 AM ET

Cov-Lite Loan Meltdown May Be Just a Downturn Away

Posted By: Ash Bennington

Just because covenant-lite loans didn't implode during the last credit crisis doesn't mean they're safe: The next downturn in the credit markets may be all it takes to push the risky loans over the cliff face.

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  Friday, 11 Mar 2011 | 10:46 AM ET

Report: Economy Can Handle $100 Oil

Posted By: Ash Bennington

An oil price spike may not be as bad as you'd think.

That's the message of an analysis from Ross DeVol, the Executive Director of Economic Research at The Milken Institute, who has taken the long-term view on the looming oil price crisis.

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  Friday, 11 Mar 2011 | 10:14 AM ET

Could an NFL Strike Cause a Football Credit Crisis?

Posted By: Lori Ann LaRocco

It's deadline time again for the NFL as the team owners and players stare in the face another expiration date.

Historically, the NFL has never lost an entire season to a strike. But its worth asking, from a credit-wise perspective, how long could the stadiums and teams hold out without having a negative impact on their credit?

I spoke with Jodi Hecht, director of Project Finance at Standard and Poor's, who recently ran analysis on this. At first S&P said if there was a work stoppage, the stadiums and teams could make their debt payments for as long as two years. They recently revised their outlook to one year. I decided to ask her why.

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