Hedge Funds
Rajaratnam's brother charged in Wall St insider case
Mar 21, 2013 16:31 EDT
US prosecutors unveiled insider trading charges Thursday against the brother of disgraced hedge fund manager Raj Rajaratnam in the latest chapter of a giant Wall Street fraud investigation.
SAC hedge funds fined $614 mn for insider trades
Mar 15, 2013 19:17 EDT
The SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.
SEC fines SAC unit $600 mn over insider trades
Mar 15, 2013 14:53 EDT
The SEC announced Friday it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in illicit profits.
Activist shareholders back in action on Wall Street
Mar 15, 2013 09:52 EDT
Shareholder activism is back. Leading Dell investors Southeastern Asset Management and T. Rowe Price are challenging company founder Michael Dell's effort to take it private at what they say is a huge discount.
Wall St. Raider Icahn defends Dell assault
Mar 09, 2013 02:04 EST
Wall Street raider Carl Icahn defended his twin attacks on computer giant Dell and offshore oil rig operator Transocean, saying such companies need "shaking up" for shareholders' benefit.
US court tells Argentina to spell out bond offer
Mar 01, 2013 19:14 EST
A US appeals court in New York has told Argentina to spell out its offer to settle a suit by holders of defaulted bonds that Buenos Aires brands "vultures," court documents showed Friday.
Judge blocks Apple shareholder vote in lawsuit
Feb 22, 2013 17:11 EST
A US federal judge blocked Friday an Apple shareholder vote in response to a hedge fund lawsuit that claimed the tech giant was improperly bundling questions on a ballot.
Roma set for petrol dollars investment - report
Feb 22, 2013 12:54 EST
Shares in AS Roma rose over 10 percent on Friday amid rumours the Serie A club, owned by American James Pallotta, is set to benefit from heavy investment from a Gulf multi-millionaire.
Greenlight sues Apple, with eye on cash pile
Feb 07, 2013 18:18 EST
Apple said Thursday it is weighing ways to give shareholders more of its huge cash stockpile, after hedge fund Greenlight Capital filed suit in an effort to press it in that direction.
Herbalife jumps on latest purchase by big hedge fund
Jan 09, 2013 19:22 EST
The battle over nutrition and weight-management company Herbalife reached a new level Wednesday on news that another hedge fund has taken a large position in the equity.
US backs Argentina in debt restructuring case
Dec 29, 2012 12:24 EST
The US gave strong support to Argentina on Friday in the Latin American country's legal battle with hedge funds over the repayment of $1.3 billion to holders of defaulted bonds.
US investment firm to sell stake in gunmaker
Dec 18, 2012 11:56 EST
Private capital group Cerberus Capital Management announced Tuesday it would sell its shareholding in the company that makes the assault rifle used in last week's US school massacre.
Argentina to pay back $3.5 bn in debt this week
Dec 12, 2012 15:59 EST
Argentina this week will pay back $3.5 billion in debt stemming from a bond issued as a result of a debt restructuring, President Cristina Kirchner said.
Hedge fund shuts in wake of insider case
Dec 06, 2012 15:22 EST
US hedge fund Diamondback Capital Management, fined for insider trading this year, announced Thursday it was shutting down its funds after substantial investor withdrawals.
US court gives Argentina new break on debt payment
Dec 05, 2012 05:38 EST
A New York appeals court has rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.
Olam-Muddy Waters tiff heats up
Nov 30, 2012 06:28 EST
Farm commodities trader Olam's chief executive on Friday bought one million shares in the firm to boost shareholder confidence amid a withering attack from influential US short-seller Muddy Waters.
Muddy Waters threatens to counter-sue Olam
Nov 30, 2012 01:15 EST
US-based short-seller Muddy Waters threatened to counter-sue farm commodities trader Olam and its chief executive for defamation as a war of words between the companies escalated.
US court sets stay on Argentina debt payment
Nov 29, 2012 05:08 EST
A New York appeals court placed a stay on a lower court's order that Argentina must repay $1.3 billion to holders of long-defaulted bonds.
US court sets stay on Argentina debt payment
Nov 28, 2012 20:37 EST
A New York appeals court placed a stay on a lower court's order that Argentina must repay $1.3 billion to holders of long-defaulted bonds.
Greece says bond buyback plan to begin next week
Nov 28, 2012 19:46 EST
Greece will launch a bond buyback programme agreed with EU and IMF creditors "early next week", Greek Finance Minister Yannis Stournaras said on Wednesday.
