Institutionalized: Big Banks, Funds Duking It out
It’s an old saying: when the going gets tough, the tough get going… to Tahiti, to Aruba, to the Caymans. But when economic times get tough, the tough get going to court.
It’s an old saying: when the going gets tough, the tough get going… to Tahiti, to Aruba, to the Caymans. But when economic times get tough, the tough get going to court.
From banking to baseball, some of the most recognizable names in their respective industries have delivered plenty of compelling factoids, numerical and otherwise, during the last week that are worth taking a look at.
Takeover rumors are usually a good pop. But more than 160% in one day?
By now, many avid market observers and traders have heard of the research firm Muddy Waters Research. Muddy Waters may have another target in mind.
Monday was a sad day for baseball fans, particularly on the West Coast, as one of the game’s more storied franchises, the Los Angeles Dodgers, filed for Chapter 11 bankruptcy under the specious leadership of owner Frank McCourt.
No one is perfect, and that is a lesson John Paulson learned this month as his firm’s position in controversial Chinese-Canadian timber firm Sino-Forest basically blew up in the New York firm’s face.
Now that the IPO market has a barely detectable pulse, the prestigious liquidity event involves the sale of shares in private companies that haven’t gone public – at least not yet.
The week’s maelstrom of news left plenty to think about – and plenty that people would probably prefer not to think about at all.
In the spirit of the new Food and Drug Administration’s health warnings about smoking, there is clearly a need for graphic symbols on stocks to bolster all the boilerplate warnings no one pays attention to.
The Winklevoss twins that became part of American pop culture when the 2010 movie The Social Network became a hit have apparently realized risking a rather large sum of money with the hopes of winning an insanely large sum isn’t worth it and have called off their lawsuit against social network company Facebook.
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