Activist hedge fund MMI Investments LP, which had taken positions in several technology and defense companies and successfully pushed for deals in some cases, is winding down, people familiar with the matter said.
Payday lenders facing oversight from the new consumer protection agency are warning that tough regulations may push customers into the arms of unscrupulous online lenders, in a pitch for lighter, or at least equal, new rules.
Amazon.com Inc is setting up its first fulfillment center in India as the world's largest Internet retailer tries to break into the world's second most-populous nation.
Hedge fund manager Philip Falcone is looking at the possibility of selling some wireless assets to raise cash for his financially strapped telecom start-up LightSquared Inc, sources familiar with the matter said on Friday.
Stocks posted their best week since Christmas, even with a mixed finish on Friday after strong earnings from tech bellwethers IBM and Intel contrasted with Google's disappointing report.
Morgan Stanley Chief Executive James Gorman was awarded a $10.5 million bonus for 2011, down 25 percent from the previous year, according to a source familiar with the matter.
Activist hedge fund MMI Investments LP, which had taken positions in several technology and defense companies and successfully pushed for deals in some cases, is winding down, people familiar with the matter said.
A group of about 30 consumer affairs lawyers will ask Olympus Corp shareholders to sue the company and its former executives for damages from a long-running cover-up of investment losses, The Nikkei business daily said.
Donald Mullen, a senior bond executive at Goldman Sachs who oversaw controversial subprime mortgage trades leading up to the financial crisis, has retired, according to an internal memo distributed on Friday and obtained by Reuters.
The Federal Reserve previewed its new practice of announcing policymakers' interest rates projections on Friday, issuing a table that showed analysts may be able to guess where the policy consensus lies.
Hedge fund titan Citadel, whose main funds lost roughly 50 percent during the financial crisis, has now fully recovered and will again be able to charge performance fees, its founder told employees on Friday.
The Internet website Megaupload.com, shut down by U.S. authorities over allegations that it illegally peddled copyrighted material, is trying to recover its servers and get back online, a lawyer for the company said on Friday.
A modest gold rise was eclipsed by a 4 percent surge in silver on Friday, with investors optimistic about the technical picture and prospects for a Greek deal soon with private bondholders.
Billionaire investor Carl Icahn is buying some of the debt of hedge fund manager Philip Falcone's LightSquared Inc as the ailing wireless-network company runs short of cash, according to two sources familiar with the matter.
The Dow industrials and the S&P 500 posted their best week in four even with a mixed finish on Friday after strong earnings from tech bellwethers IBM and Intel contrasted with Google's disappointing quarterly report.
The S&P 500 and the Nasdaq eased on Friday after Google disappointed on earnings, while the Dow rose with IBM .
The volatility, panic, and the resulting tightening of investors' purses that dominated credit markets for much of 2011 is giving way to calm, creating a flood of cash from investors now confident enough to put their money back into corporate bonds. Somewhat surprisingly, crisis-exposed financial institutions, even in Europe, have been able to take advantage.
More U.S. investors are targeting Canadian companies for proxy battles to boost the value of their stakes, encouraged by favorable laws and activist attacks on such blue chips as Canadian Pacific Railway and Research In Motion.
Shares of Cogent Communications Group Inc slumped 23 percent after the U.S. government shut down one of its customers and the Federal Bureau of Investigation searched its offices.
Shares of Google Inc fell 8 percent after the Internet giant posted a rare quarterly earnings miss and said money paid by marketers for its search ads decreased for the first time in two years.
Home sales hit an 11-month high in December and the number of properties on the market was the fewest in nearly seven years, pointing to a nascent recovery in the housing sector.
Randgold Resources expects its Tongon gold mine in northern Ivory Coast to produce more than 270,000 ounces in 2012, after falling short of the 270,000 ounces target in 2011, chief executive Mark Bristow said on Friday.
The S&P 500 and Nasdaq dipped on Friday after a pair of bellwether corporate earnings fell short of lofty expectations, though a trio of strong results from Dow components kept the blue-chip average in positive territory.
Such a spillage would pollute one of the most beautiful and unspoiled maritime areas in the Mediterranean.
Sales of previously owned U.S. homes rose to an 11-month high in December and the supply of properties on the market dropped to a near 7-year low, an industry group said on Friday, pointing to a nascent recovery in the housing market.
The S&P 500 and Nasdaq dipped on Friday after a pair of bellwether companies' earnings fell short of lofty expectations, though a trio of strong results from Dow components kept the blue-chip average in positive territory.
Shares of Google Inc fell 8 percent after the Internet giant's quarterly earnings missed estimates as money paid by marketers for its search ads fell for the first time in two years.
Portugal clinched a deal on ambitious labor market reforms this week and carried out its biggest debt sale since seeking a 78-billion-euro bailout, but the challenges for the second-most risky country in the euro zone may be shifting up a gear.
The S&P 500 and Nasdaq edged lower on Friday after GE and Google results fell short of expectations, while investors awaited a resolution in the latest round of Greek debt talks.
Investors rattled by unpredictable global markets are losing faith in star managers to shield them from painful losses, with some of the industry's best known names topping a list of funds which hemorrhaged cash in 2011, Lipper data shows.
