The U.S. dollar made gains against the euro as the currency lost its luster because the deteriorating market conditions and sent related exchange traded funds (ETFs) down. Investors are simply not taking any risks and European banks are considering yet another rate cut, by about 0.75% as early as Thursday, reports GCI Financial for Daily Markets. Next year is not expected to get any smoother, s...
Results 1 - 10 of 989 for "FUNDS"
Reserve Management has returned to investors all assets from its Primary II and U.S. Government II funds as well as four other funds.
DETROIT (Reuters) - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.
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. ...
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.