David Einhorn’s Greenlight Capital Reports Drop in Performance
Greenlight Capital, the $11.8 billion investment firm led by billionaire David Einhorn, fell 2.5 percent in its main hedge fund in January, Bloomberg said, quoting data from an e-mail sent to investors. The More...
Bill Ackman Hauled in $11.6 Billion for Investors over Past 11 Years
Hedge fund manager Bill Ackman, the CEO of Pershing Square Capital, has gained $11.6 billion for his investors since 2004, according to LCH Investments NV, Business Insider said. The 48-year-old activist investor More...
Forest City Enterprises to Become REIT
Bruce Ratner’s real estate company Forest City Enterprises will transform itself into a REIT. The change will come on January 1st 2016. A REIT – Real estate Investment Trust – is a company which owns and More...
Ruble Rebounds Sharply From Lows as Exporters Sell Dollars
– Russia’s ruble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their More...
Russia Says Ruble Crisis Over as Reserves Dive, Inflation Climbs
– Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it More...
Exclusive: Aston Martin looks to raise funds for new models – sources
Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up More...
Former Treasury Sec. Geithner Must Hand Over Documents in $5 Billion Government Lawsuit
Former Treasury Secretary, Tim Geithner, must hand over to Standard & Poor’s documents he used in his tell-all memoir, “Stress Test: Reflections on Financial Crises.” District Court More...
Ormat Secures $140 Million for Nevada McGinness Hills Power Plant Project
Ormat Technologies, Inc. (ORA), a subsidiary of Ormat Industries Ltd. (TASE: ORMT), announced on Friday that its wholly-owned indirect subsidiary, OFC 2 LLC, and its project subsidiaries, have More...
Facebook Joins S&P 500 Issues Prospectus For Underwritten Offering Of About $3.9 billion Of Common Shares
– Facebook Joins S&P 500 Facebook has been in the news quite a bit this week. First, Standard & Poor‘s (S&P), a division of McGraw-Hill Financial has announced that, effective More...