→ Subscribe



Browsing Headlines » Follow Headlines

Arsenal’s annual wage bill moves ahead of Chelsea’s for first time in more than a decade →  September 19, 2014

With revenues of £433.2 million, the increases have been easily afforded by United, as is the case for Arsenal, whose added spending for this current season is more than covered by a new kit deal with Puma that is worth £150 million over five years. Chelsea, largely due to their more limited matchday revenues at […]

Merrill Lynch fires brokers for promoting outside hedge fund: source →  September 20, 2014

‘ ,containerID: ‘divGigyaLoginTop’ ,pendingRegistration: ‘FALSE’ } var showSiteFollowBarUI_params= action: 'dialog' // function to populate name and photo box in header of page function renderUI(res) if(document.getElementById(“profile”)) if (res.user != null res.user.isConnected) document.getElementById(“name”).innerHTML = res.user.nickname; if (res.user.thumbnailURL.length 0) document.getElementById(“photo”).src = res.user.thumbnailURL; else document.getElementById(“photo”).src = “http://cdn.gigya.com/site/images/bsAPI/Placeholder.gif”; document.getElementById(“profile”).style.display = “block”; document.getElementById(“gig-logout”).style.display = “block”; document.getElementById(“gigya-login-message”).style.display = “none”; document.getElementById(“gigya-login-text”).style.display = “block”; […]

Hedge funds snubbed in Alibaba IPO allocation →  September 20, 2014

Many hedge funds that placed orders for shares in Alibaba’s initial public offering received woefully small allocations, highlighting the ultra-selective process that favored investors who already have a close relationship with the company. “It’s pathetic,” one hedge fund manager said Friday morning, a few hours before the Chinese e-commerce giant was expected to begin trading […]

Most Read on Bloomberg: Alibaba, Fortress, Calpers, US Stocks →  September 20, 2014

The following list comprises the most-read Bloomberg News reports from the past week. STORIES 1. Alibaba Surges in Trading Debut After Record-Breaking IPO Sept. 19 (Bloomberg) — Alibaba Group Holding Ltd. surged in its U.S. trading debut, after the company raised a record-breaking $21.8 billion in an initial public offering. 2. Fortress Pays Executives for […]

The following list comprises the most-read Bloomberg News reports from… →  September 20, 2014

Most Read on Bloomberg: Alibaba, Fortress, Calpers, U.S. Stocks. The following list comprises the most-read Bloomberg News reports from the past week. STORIES 1. Alibaba Surges in Trading Debut After Record-Breaking IPO Sept. 19 (Bloomberg) — Alibaba Group Holding Ltd. surged in its U.S. trading debut, after the company raised a record-breaking $21.8 billion in […]

Dollar’s rally bad news for oil, multinationals →  September 20, 2014

NEW YORK (Reuters) – The asset with the greatest prowess of late has been the U.S. dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback’s recent gains have lifted the dollar index .DXY – a measure of the dollar’s value relative to six currencies – for […]

Alex Salmond Quits After Scotland Votes No →  September 20, 2014

Devo Max: What New Powers Can Scotland Have? Updated: 4:18pm UK, Friday 19 September 2014 David Cameron has pledged new powers for Scotland that some have said amount to Devo Max. However, it’s not quite as clear cut as that. What is Devo Max? Scottish Parliament basically gets power over everything – apart from defence and […]

Arsenal’s annual wage bill moves ahead of Chelsea’s for first time in more than a decade →  September 19, 2014

With revenues of £433.2 million, the increases have been easily afforded by United, as is the case for Arsenal, whose added spending for this current season is more than covered by a new kit deal with Puma that is worth £150 million over five years. Chelsea, largely due to their more limited matchday revenues at […]

The Olive Garden: all-you-can eat for hedge fund raiders →  September 19, 2014

You probably saw the hilarious critique of The Olive Garden that made the rounds last week; the hedge fund behind that critique is a major shareholder with a long history of shady financial deals that gut profitable businesses, destroy jobs, and line the pockets of short-term “investors.” Starboard Value previously pulled the stunt with Red […]

Lion Star Fund Looking for Success in 2014 →  September 19, 2014

Editorial: Why Calpers kicked the hedgies to the curb →  September 19, 2014

When Calpers talks, people listen. So when the California Public Employees Retirement System, the nation’s biggest pension plan by assets, said it would divest its $4 billion in hedge-fund holdings, the decision sent shock waves through Wall Street. In this case, the shock waves are to the benefit of the thousands of Calpers members in […]