Headlines for: October 22, 2009
SEC 'Provided Credibility' to Madoff: Chais
10/21/2009 7:05:34 PM ET
NEW YORK (Reuters)—Hollywood investment adviser Stanley Chais said U.S. Securities and Exchange Commission allegations against him in the Bernard Madoff investment fraud should be thrown out because the regulator "provided credibility" to the epic swindler, according to a court document filed on Wednesday [Oct.
Opinion: The Galleon Defense
10/21/2009 6:50:06 PM ET
Matthew Goldstein is a Reuters columnist. The views expressed are his own. If the insider trading case against Galleon Management co-founder Raj Rajaratnam ever gets to trial, expect a vigorous defense strategy built around the difference between information that's considered insightful "market color" versus top secret, market-moving trading tips.
Galleon Winding Down; Potential Buyers Reported
10/21/2009 6:27:38 PM ET
Editor's note: This version of the story adds quotes, details and background. NEW YORK (Reuters)—Galleon Group, whose founder has been charged with masterminding the biggest-ever insider-trading scheme involving hedge funds, is shutting down.
E.U. Mulls Softer Rules for Hedge Funds
10/21/2009 6:17:14 PM ET
BRUSSELS, Belgium (Reuters)—Sweden, holder of the European Union presidency, wants to ditch a proposed borrowing limit for hedge funds in a move that will please Britain but anger France and others seeking tougher control of the secretive industry. Although hedge funds did not play a central role in the global financial crisis, many politicians have long been suspicious of their activity, prompting the E.
N.Y. Mets Owners Made About $48 Million in Madoff Dealings
10/21/2009 5:58:50 PM ET
NEW YORK (Reuters)—The owners of the New York Mets baseball team made about $48 million in dealings with swindler Bernard Madoff, court documents showed. The Mets Limited Partnership, which is connected to the Wilpon family, led by Mets owner Fred Wilpon, deposited $522.
CFTC's Gensler Backs Limited End-User Exemptions
10/21/2009 2:23:04 PM ET
CHICAGO (Reuters)—A move by Congress to exempt end-users from clearing their trades, should "be very narrowly defined" to include only nonfinancial firms that use swaps to hedge actual commercial risks, the head of the Commodity Futures Trading Commission said on Wednesday [Oct. 21].
Ackman Likes 'Pricing Power,' not Gold, Versus Weak Dollar
10/21/2009 2:05:35 PM ET
NEW YORK (Reuters)—Activist investor William Ackman on Tuesday [Oct. 20] shrugged off gold as a hedge against a weakening dollar and said he prefers to own companies with the ability to command strong prices to counter currency depreciation.
Corrections a Great Real Estate Firm: Ackman
10/21/2009 1:24:59 PM ET
NEW YORK (Reuters)—Activist investor William Ackman said prison operator Corrections Corp. of America has become one of the best real estate companies in the world, and its stock price could double as the firm takes market share.
SEC 'Provided Credibility' to Madoff: Chais
10/21/2009 7:05:34 PM ET
NEW YORK (Reuters)—Hollywood investment adviser Stanley Chais said U.S. Securities and Exchange Commission allegations against him in the Bernard Madoff investment fraud should be thrown out because the regulator "provided credibility" to the epic swindler, according to a court document filed on Wednesday [Oct.
Opinion: The Galleon Defense
10/21/2009 6:50:06 PM ET
Matthew Goldstein is a Reuters columnist. The views expressed are his own. If the insider trading case against Galleon Management co-founder Raj Rajaratnam ever gets to trial, expect a vigorous defense strategy built around the difference between information that's considered insightful "market color" versus top secret, market-moving trading tips.
Galleon Winding Down; Potential Buyers Reported
10/21/2009 6:27:38 PM ET
Editor's note: This version of the story adds quotes, details and background. NEW YORK (Reuters)—Galleon Group, whose founder has been charged with masterminding the biggest-ever insider-trading scheme involving hedge funds, is shutting down.
E.U. Mulls Softer Rules for Hedge Funds
10/21/2009 6:17:14 PM ET
BRUSSELS, Belgium (Reuters)—Sweden, holder of the European Union presidency, wants to ditch a proposed borrowing limit for hedge funds in a move that will please Britain but anger France and others seeking tougher control of the secretive industry. Although hedge funds did not play a central role in the global financial crisis, many politicians have long been suspicious of their activity, prompting the E.
N.Y. Mets Owners Made About $48 Million in Madoff Dealings
10/21/2009 5:58:50 PM ET
NEW YORK (Reuters)—The owners of the New York Mets baseball team made about $48 million in dealings with swindler Bernard Madoff, court documents showed. The Mets Limited Partnership, which is connected to the Wilpon family, led by Mets owner Fred Wilpon, deposited $522.
CFTC's Gensler Backs Limited End-User Exemptions
10/21/2009 2:23:04 PM ET
CHICAGO (Reuters)—A move by Congress to exempt end-users from clearing their trades, should "be very narrowly defined" to include only nonfinancial firms that use swaps to hedge actual commercial risks, the head of the Commodity Futures Trading Commission said on Wednesday [Oct. 21].
Ackman Likes 'Pricing Power,' not Gold, Versus Weak Dollar
10/21/2009 2:05:35 PM ET
NEW YORK (Reuters)—Activist investor William Ackman on Tuesday [Oct. 20] shrugged off gold as a hedge against a weakening dollar and said he prefers to own companies with the ability to command strong prices to counter currency depreciation.
Corrections a Great Real Estate Firm: Ackman
10/21/2009 1:24:59 PM ET
NEW YORK (Reuters)—Activist investor William Ackman said prison operator Corrections Corp. of America has become one of the best real estate companies in the world, and its stock price could double as the firm takes market share.
No comments:
Post a Comment