U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City’s Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world’s best-known sports venues and teams as well as technology companies.
A federal judge said up to 29 million Facebook Inc users whose personal information was stolen in a September 2018 data breach cannot sue as a group for damages, but can seek better security at the social media company after a series of privacy lapses.
Wall Street’s main indexes notched fresh record highs on Wednesday, as data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the U.S.-China trade war.
After a couple of bad quarters, the retailer has finally delivered a decent result, stabilizing the stock price as its dividend and buyback yield continues to be phenomenal. Continue reading… …read more […]
(Bloomberg) — When Qatari officials demanded higher fees in exchange for saving Barclays Plc during the 2008 financial crisis, investment banking head Bob Diamond led the resistance, former bank executive Roger Jenkins said.Jenkins is in court with ex-colleagues Tom Kalaris and Richard Boath, charged with disguising payments made to Qatar for a 4 billion-pound ($5 billion) capital injection as advisory service agreements. The men deny the charges.The investment was crucial to allowing Barclays to avoid a U.K. government bailout amid the credit crisis. Hussain Al-Abdulla, an adviser to Qatar’s prime minister Sheikh Hamad bin Jassim Al Thani, demanded fees of …read more […]
Does Constellation Brands, Inc. (NYSE:STZ) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […] …read more […]
Blackstone Group Inc said on Thursday it has been unable to obtain an agreement from Japanese hotel operator Unizo Holdings Co Ltd for its $1.6 billion takeover bid proposal. Blackstone last month offered to buy the company at 5,000 yen a share, which valued the hotel chain at 171 billion yen ($1.6 billion). It also warned the company that it would take any measures if Unizo fails to respond to Blackstone’s offer by a deadline that it keeps extending. …read more […]
Ken Griffin built his impressive reputation as an investor early in life, founding Citadel Advisors when he was just 22, with $4.6 million in seed money. By 2003, when became the youngest self-made millionaire on the Forbes 400 list, his hedge fund controlled well over $1 billion in investment capital. Today, Griffin’s Chicago-based fund holds $212 billion in equity assets under management.In the third-quarter, Citadel made 9-digit purchases in three particularly interesting stocks. All three are rated Strong Buys in the TipRanks database, and all three show unique combinations of strengths and weaknesses. We’ve pulled up the data on each, …read more […]
Orders for Tesla Inc’s electric pickup Cybertruck are inching closer to the record set by the company’s Model 3 sedans in 2016, with company head Elon Musk signaling 250,000 customers have now lined up to buy the new vehicle less than a week after its launch.
Oil fell about 1% on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged, but optimism that a U.S.-China trade deal would be reached soon limited losses.
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock… …read more […]
Kalanick has been busy selling shares since the initial public offering lockup expired on Nov. 6. …read more […]
These companies are cheap according to Peter Lynch Continue reading… …read more […]
The fuselage of Boeing Co’s upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, the Seattle Times reported on Wednesday.
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said.
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