China’s Wanxiang wins U.S. bankruptcy auction for Fisker Automotive
(Reuters) – Wanxiang Group, China’s largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, Fisker said on Friday.
Wall St. Week Ahead: U.S. stock investors face Fed view, tech charts
NEW YORK (Reuters) – With economic data being shoveled aside like snow and earnings season winding down, U.S. stock investors could zero in next week on the Fed’s view of the economy and technical analysis charts as the S&P 500 nears its record high.
Einhorn’s Greenlight seeks identity of Micron leaker
(Reuters) – Hedge fund manager David Einhorn’s Greenlight Capital has asked a court to order the website Seeking Alpha to disclose the identity of a commenter who disclosed Greenlight’s stake in Micron before it was officially announced, according to a…
Chief compliance officer to leave SAC Capital Advisors: source
NEW YORK (Reuters) – Steven Kessler, the chief compliance officer at SAC Capital Advisors, is leaving the firm at the end of the month, a source familiar with the move said on Friday.
U.S. to let banks do business with licensed pot shops
WASHINGTON (Reuters) – The Obama administration on Friday issued new law-enforcement guidelines aimed at encouraging banks to start doing business with state-licensed marijuana suppliers, like those in Colorado, even though such enterprises remain ille…
Hedge funds buy GM in fourth-quarter; Soros takes stakes in JP Morgan, Citi
(Reuters) – Top U.S. hedge fund managers in the fourth quarter focused on the consumer sector, with investment plays ranging from high-end auction house Sotheby’s to big retailers Target Corp and Walgreen Co
Soros exits J.C.Penney, trims Herbalife, others follow
NEW YORK (Reuters) – Soros Fund Management, one of the hedge fund industry’s most closely watched investors, exited J.C. Penney and trimmed its stake in Herbalife late last year, marking a notable shift in course only months after buying into the compa…
Buffett’s Berkshire dumps stake in Dish, Glaxo
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday.
Wall St. rises; indexes up for second straight week
NEW YORK (Reuters) – Stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.
Wall St. rises; indexes up for second straight week
NEW YORK (Reuters) – Stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.
