Posts From King World News
Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “The overall market environment has become acutely unfavorable for our investment strategy,” Einhorn said Tuesday in a conference call discussing results at Greenlight Capital Re Ltd., the reinsurer where he is chairman. Einhorn said the investment portfolio dropped about 5.9 percent in July
The fat yield premium on bellwether energy stocks reflects the market’s assessment that they are under increasing pressure to maintain their cash payouts.
The fat yield premium on bellwether energy stocks reflects the market’s assessment that they are under increasing pressure to maintain their cash payouts.
Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes …
Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes …
U.S. DoJ officials have demanded information from Germany’s biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was “significant”.
U.S. DoJ officials have demanded information from Germany’s biggest lender about the transactions because they involved the use of the dollar, the person said. Deutsche Bank declined to comment. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one another, adding that the volume of these trades was “significant”.
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders of Baxalta, a business spun off by Baxter International Inc. last month, about 0.1687 American depositary receipts for each share held, it said in a statement
Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. He has a monthly income of $185,000, mainly from royalties and interest …
