Bill Gross Admits Being Fired by Pimco Over Irreconcilable Differences
Bond trading guru Bill Gross has said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971, Bloomberg said. Gross, More...
Marc Lasry Plans Billion-Dollar Development for Downtown Milwaukee
TCW Group Inc. Chairman Marc Stern is among the newest owners of the National Basketball Association’s Milwaukee Bucks, a team controlled by Avenue Capital Management’s Marc Lasry and Fortress Investment More...
Hedge Fund Titan Larry Robbins Boosts Investment in Avis, PVH and Lithia
Top-performing hedge fund manager Larry Robbins on Dec. 10 increased his holdings in Avis Budget Group Inc., PVH Corp and Lithia Motors Inc., value investing website GuruFocus Real Time Picks, More...
Starboard Sells DSP Group Holdings
– Eighteen months after leading an ouster of the chairman of DSP Group Inc. (Nasdaq: DSPG), US investment fund Starboard has sold most of its stake in the Israeli company, which develops chipsets More...
David Baazov’s Amaya confirms probe by Quebec securities regulator
– Amaya Gaming Group Inc said late on Thursday that the company and its officers are cooperating with Quebec securities regulator AMF in an investigation regarding trading activities in Amaya securities. On More...
Apple $450 million e-book settlement gets final court approval
– A U.S. judge on Friday gave final approval to Apple Inc’s agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices. During a More...
Goldman Sachs is No. 1 as M&A adviser
– Global M&A deals cross $3 trillion for first time since 2007 – Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by More...
Under Senate Glare, Goldman Rejects Commodity Manipulation
Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair More...
Hank Greenberg May Be Forced to Admit AIG Disaster Under his Leadership
You probably know that Maurice R. “Hank” Greenberg is suing the U.S. government for $40 billion over the bailout of his American International Group Inc. Yes, this is precisely a case in which a drunk More...
Jay Fishman Sells 49% Stake in 77 Water Street
Minnesota based insurance firm the Travelers Companies, whose CEO is Jay Fishman, has sold off its 49% stake in an office building at 77 Water Street in Manhattan’s financial district for $117.6 million, More...