General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
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It's the bottom line that counts.
Hedge funds have had a lousy year, losing an average of 10.8%. But two hedge funds -- big winners in 2007 -- kept making money this year as well. Meanwhile, those two winners mask an awful lot of losers who will probably find their way into oblivion. The winners for 2008 (at least through September) are run by James Simons (a math genius whose money-making techniques elude explanation) and John...
Yahoo: Cowen Has Serious Doubts On Miller-Led Bid; Raising $30 Billion Would be “Extremely Difficult”
Tue, Dec 2, 3:12 PM ET
Cowen’s Jim Friedland this afternoon has weighed in on the WSJ report that former AOL exec Jonathan Miller is trying to raise cash for a bid for Yahoo, and finds the proposition to be something of a long shot. In a brief research note, he raises two key issues: Capital: He says it would be “extremely difficult” to raise the $28 billion to $31 billion that would be needed to cl...
According to WSJ, former AOL (TWX) Chief Executive Jonathan Miller is trying to raise money to buy part or all of Yahoo (YHOO). Miller, who runs venture capital fund Velocity Interactive Group with partner Ross Levinsohn, the former president of Fox Interactive Media (NWS), has discussed the idea with Yahoo board members, and believes that a deal in the range of $20 to $22 a share is possible. ...
What exchange traded fund (ETF) investors and Wall Street analysts have suspected for awhile is officially confirmed: the United States is in a recession, and it’s been going on for one year. The question now is, where does an investor go from here? Aaron Siegel for Investment News reports that the National Bureau of Economic Research Inc. confirmed that, numbers and indicators aside, we ...
The sharp rise in precious metals prices in November provided a boost to these open-end stock mutual funds.
Filed under: Law, Bank of America (BAC), HousingEveryone cheered when Countrywide Financial, owned by Bank of America (NYSE: BAC), agreed to modify loans under a settlement with 11 state attorneys general reached in October.Everyone, that is, except the people who held those mortgages and stood to lose hundreds of millions of dollars as a result of slashed balances and reduced interest rates. S...
Well, here’s a new twist to the Yahoo (YHOO) saga. According to the Wall Street Journal, former AOL chief Jonathan Miller is trying to raise money to buy all or part of the company. The story is sourced to “people familiar with the matter.” The story says Miller has been talking to private equity investors and sovereign wealth funds for months trying to come up the money for a...
Shares of Yahoo Inc. jumped more than 8% on a media report that former America Online CEO Jonathan Miller is trying to raise funds to buy a portion or the entire beleaguered Internet giant.