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Exclusive: Freddie Mac hires McKinsey to review capital as government overhaul begins

Housing finance giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday. “After a competitive … process, Freddie Mac retained McKinsey to conduct a gap assessment of our capital management capabilities and develop a roadmap to address any issues. This four-month engagement will begin in December,” said a Freddie Mac spokesman in a statement to Reuters. …read more […]

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UPDATE 1-T-Mobile in talks with Sprint on merger, does not rule out lower price

T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced. The T-Mobile-Sprint deal, announced in spring 2018, has won regulatory approval from the Justice Department and Federal Communications Commission but faces a lawsuit from more than a dozen state attorneys general seeking to stop the deal. Legere was speaking on a webcast to discuss next generation 5G wireless and other initiatives. …read more […]

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Is Health Insurance Innovations Inc (HIIQ) Going to Burn These Hedge Funds?

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]

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Were Hedge Funds Right About Dumping New Age Beverages Corporation (NBEV)?

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […] …read more […]

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Italy ready for 'legal battle of century' with ArcelorMittal – Conte

The Italian government is ready to fight ArcelorMittal in the courts if it goes back on a pledge to buy steelmaker Ilva, Prime Minister Giuseppe Conte said on Thursday. “It will be the legal battle of the century,” Conte told state television RAI. ArcelorMittal said this week it was withdrawing from a deal to buy Ilva, blaming its decision on a government move to scrap previous guarantees of legal immunity during a massive clean-up operation at Ilva’s huge Taranto plant. …read more […]