IBT Staff Reporter

106681-106710 (out of 154954)

Macro hedge funds tipped for 2010

Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.

Kohlberg Capital sued over alleged fraud

Kohlberg Capital Corp has been sued by a Michigan investor who said the investment company taken public in 2006 by a firm affiliated with buyout specialist Jerome Kohlberg fraudulently misstated the value of its portfolio.

Fox, Time Warner Cable ink temp deal to avoid blackout

Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like The Simpsons and college and NFL football games.

Fox, Time Warner Cable ink deal to avoid blackout

Time Warner Cable and News Corp's Fox Networks Group agreed to a brief extension of their current carriage contract late on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like The Simpsons and House as well as college and NFL football games.

North Korea says wants end to hostile U.S. ties

North Korea called for an end to hostile ties with the United States and an atomic-free peninsula in a New Year message that comes weeks after it indicated it could end its year-long boycott of nuclear disarmament talks.

Phones, PCs to drive tech rally into 2010

As technology companies make their annual trek to Las Vegas to unveil their coolest gadgets at the Consumer Electronics Show in January, investors are laying bets on another good year for the industry.

Obama summons intel chiefs for Washington talks

President Barack Obama Thursday summoned U.S. intelligence chiefs to a meeting next week to discuss how to prevent a repeat of the attempted bombing of a Detroit-bound airliner on December 25.

Investor sues Camulos hedge fund for $67 mln

Camulos Partners LP, launched by a former Soros Fund Management trader, was sued by an investor seeking to recover $67 million that was unlawfully seized, according to a Delaware court filing.

India mobile number portability by March 2010

India will introduce mobile number portability across the country by March 31, 2010, pushing back its introduction by up to 3 months in parts of the country, the government said in a statement on Thursday.

Pet startup needs to get more social (media)

Entrepreneurs Tina Cannon and Christi Scovel have developed a great way to connect pet owners with veterinarians, but they need to get much more involved in social media in order to get people flocking to their website (PetsMD.com), said experts.

PepsiCo reveals forecast bottler used for merger

PepsiCo Inc (PEP.N) made public on Thursday a financial forecast prepared by PepsiAmericas Inc (PAS.N) when considering PepsiCo's unsolicited $7.8 billion takeover bid for its two largest bottlers.

Anesiva says to seek bankruptcy after deal fails

Anesiva Inc (ANSV.O), a developer of pharmaceutical products for chronic pain, said on Thursday it will file for bankruptcy after it was unable to complete a proposed merger with Arcion Therapeutics Inc.

Jobless claims hit 17-month low

The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of creating jobs.

Time Warner Cable, Fox at impasse; blackout looms

About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

Wall St ends 2009 with best gains since 2003

U.S. stocks ended 2009 on Thursday with their best gains since 2003, with optimism about the economy's recovery pushing the benchmark Standard & Poor's index up 23.5 percent for the year.

Strong hedge gains help end '09 on high note

For hedge funds, 2009 will be remembered as one of the industry's best ever -- a year when managers delivered strong gains after 2008's drubbing and investors returned to the fray with new money.

U.S. auto sales may end bleak 2009 on minor uptick

U.S. auto sales are expected to end 2009 on a slight upswing in December, capping a year that saw General Motors and Chrysler collapse into bankruptcy and China overtake the United States as the biggest car market.

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