Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
LONDON—James Crosby, the former chief executive of failed lender HBOS PLC, has resigned from his position on the advisory board of European private equity group Bridgepoint, following damning criticism of the mortgage lender's management ...
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Struggling electric-car maker Fisker Automotive Inc. dismissed 150 of its remaining 200-employee staff on Friday, according to a person familiar with the matter.
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The giant hedge-fund firm Bridgewater Associates hired Wall Street executive Michael Terry to be a client adviser, according to people familiar with the situation.
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Wall Street has a lot more than bragging rights riding on the $24 billion-plus takeover battle for Dell Inc. Some of the biggest banks in the world are vying for fees that together could top $400 million for advising and financing the ...
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Gold just can't catch a break.Prices for the yellow metal ended Thursday at a nine-month low, even as the Bank of Japan announced aggressive stimulus plans aimed at creating inflation, a traditional driver of strength in the metal. Gold is ...
John Steele Gordon's "'Carried Interest' Is Not a Capital Gain" (op-ed, April 3) claims that hedge-fund managers share in their gains through performance bonuses but not in their losses, and hence do not deserve capital gains tax treatment. ...
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Cerberus Capital Management LP is ramping up its battle for greater control over Japan's Seibu Holdings, an operator of hotels, railways and a baseball team that is preparing for an initial public offering, people familiar with the matter ...
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Hedge funds that specialize in bonds are bulking up on stocks, in the latest sign of investor concern over the health of the long bull market in debt prices.
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Two established Wall Street players are teaming up to launch a rare exchange-traded fund for high-yield loans as demand for such investments rises in anticipation of rising interest rates in coming years.
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John Paulson is mounting a comeback after a slow start to the year, with gains in all of his hedge funds except for a small gold fund, according to an investor letter.
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Hardly a month goes by without a page-one headline announcing another step in a federal investigation that seems to have in its cross hairs Steven A. Cohen, the billionaire founder and majority owner of SAC Capital Advisors LP. The ...
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A former SAC Capital Advisors LP portfolio manager charged with insider-trading has switched lawyers, in a case that touches the billionaire founder of the prominent Wall Street hedge fund group.
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A change of leadership in Beijing brings with it speculation about a change of economic policy. There is now general agreement that the country needs to transition away from its investment-led growth model, toward a greater reliance on ...
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One of the biggest U.S. derivatives traders has joined a long-running legal battle over a lucrative slice of the market and asked the Supreme Court to decide the matter.
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NEW YORK--Investors in so-called asset allocation funds, such as target-date and absolute-return funds, suffer less often from the chronic condition that affects others: a nervous impulse to jump in and out of the markets.
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The takeover battle for Dell Inc. may seem like a tantalizing prospect for small investors who hope to profit from a bidding war. But pros warn such situations can put the little guy at a big disadvantage.
SAN FRANCISCO (MarketWatch) — With U.S. stocks setting records and many international markets suffering setbacks, investors in mutual funds and exchange-traded funds begin the second quarter of 2013 with more concerns and less clarity than ...
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The bitter fight over Herbalife Ltd. among three hedge-fund titans so far has delivered a surprising result: The three activist investors are all winning despite being on opposite sides of the trade.
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A federal judge has signed off on the smaller of two insider-trading settlements by hedge fund SAC Capital Advisors LP, even as one of its most senior employees faces criminal charges in the matter, according to court documents.
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An unusual legal spat has surfaced over Anheuser-Busch InBev NV's sale of an Eastern European beer company to buyout firm CVC Capital Partners at the height of the financial crisis in 2009.
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A federal judge in Miami threw out a lawsuit that accused Paulson & Co. of shoddy due diligence on Chinese forestry company Sino-Forest Corp., which saw its share price tumble after its stock was attacked by a short seller.
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The takeover battle for Dell Inc. has it all: a household name led by a famous founder-CEO, two aggressive private-equity groups facing off and an offer by Carl Icahn with as much chutzpah as cash.
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Owning a coal-fired power plant won't necessarily make you popular, funny or attractive. But after years of losses, it may finally make you money.
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Proxy advisory firm Glass Lewis & Co. said MetroPCS Communications Inc. investors should vote against a merger with Deutsche Telekom AG unit T-Mobile USA, adding to negative sentiment around the deal just two weeks before shareholders ...
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A string of blockbuster deals to kick off 2013 invigorated the merger-and-acquisition business but didn't convince deal makers that a global revival is under way, as activity around the globe remains muted and the U.S. market still faces ...
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Federal authorities, deepening a criminal insider-trading investigation, continued to work their way up the ranks at SAC Capital Advisors LP.
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Has Deutsche Telekom messed with the wrong guys?Proxy adviser Institutional Shareholder Services recommended late Wednesday that MetroPCS shareholders vote against a merger with the German company's T-Mobile USA unit. That could bring two ...
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CBS Corp., as expected, acquired half of TV Guide Network and will enter a 50-50 partnership with Lions Gate Entertainment Corp. for the entertainment channel and website.
TOKYO—Japan's Seibu Holdings said Tuesday it strongly opposes a tender offer by Cerberus Capital Management to increase its stake in the railway and hotel operator, the latest development in an intensifying battle between the two companies.
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Blackstone Group LP is in talks with Dell Inc. founder Michael Dell over whether he would remain chief executive of the computer maker under the private-equity firm's plan to take control of the company, according to people familiar with ...
Score one for shareholders.It doesn't look like Michael Dell, founder, chairman, and CEO of Dell, will be able to steal his company from public shareholders for just $13.65 a share now that superior preliminary offers for Dell have been ...
SAN FRANCISCO (MarketWatch) — With Dell Inc. now waiting for official takeover offers from the Blackstone Group and Carl Icahn, most investors seem to be assuming that the higher bidder will simply win out, and that Michael Dell and Silver ...
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A prominent proxy adviser said MetroPCS Communications Inc. shareholders should vote against a merger with Deutsche Telekom AG unit T-Mobile USA, saying they would receive an unfair split of the combined company and would do fine owning ...
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Private-equity firm Blackstone Group L.P., a late entrant into the battle for control of computer maker Dell Inc., gained momentum in its pursuit on Monday, fueling the prospect of a bidding war.
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Toys "R" Us Inc. on Friday. after almost three year of waiting, abandon plans for an initial public offering amid declining sales and heightened competition from online rivals.
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Investors are treating a secondary offering from clothing and accessories firm Francesca's Holdings as a fashion faux pas.Late Tuesday, Francesca's (ticker: FRAN) announced a 7.4 million share offering, roughly one-sixth of its current 43.9 ...
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Is the guy who "wins" an auction really the winner, or just the sap that paid the most?Silver Lake Partners may ponder that in the battle for Dell. The private-equity firm certainly has two big reasons not to overpay.
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Supervalu Inc. on Tuesday unveiled plans to further reduce its workforce by cutting 1,100 positions from its corporate and store-support offices.
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Blackstone Group LP's letter laying out a potential bid for Dell Inc. was co-signed by someone very familiar to the computer maker: David Johnson.
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Genworth Financial Inc. (GNW) has agreed to sell its wealth management business to a partnership of Aquiline Capital Partners and Genstar Capital for approximately $412.5 million, allowing the insurer to shed a noncore business and increase ...
Mutual-fund firm Southeastern Asset Management Inc.'s chairman and chief executive likes to unwind by hunting small game.Now, the Memphis, Tenn., mutual-fund company led by O. Mason Hawkins is targeting much larger prey: Dell Inc.
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German utility RWE AG has agreed to sell its Czech gas grid unit Net4Gas to a consortium comprising Europe's largest insurer and a Canadian infrastructure fund in a deal worth about €1.2 billion ($1.5 billion).
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GateHouse Media Inc., the struggling local newspaper chain owned by Fortress Investment Group LLC, is weighing a streamlined bankruptcy-protection filing to tackle more than $1 billion in debt coming due next year while it tries to ...
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"Buy and hold" can be tougher in a world with easy leverage. This is why it's too bad that the unconventional proposal from Dell's latest suitors likely won't be replicated widely.
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LONDON—Cable company Liberty Global Inc.'s European buying spree continued on Thursday with the acquisition of a 12.65% stake in Dutch cable operator Ziggo NV for €632.5 million ($808.3 million).
Now that KKR & Co. has completed its seventh real-estate acquisition since 2011, one theme in its property-investment strategy is becoming clearer: The New York private-equity firm is joining the push into smaller markets in a search ...
Fund Scope | ScoreboardHedge-fund replication ought to be a straightforward way for mutual-fund investors to get a taste of hedge-fund returns. But the strategy is confusing and about as black-box as the strategies they're trying to mimic.
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The best case for Dell's board? Paint the worst case for the company's investors.The PC maker published a thick proxy document Friday afternoon, soliciting shareholder votes for the proposed leveraged buyout sponsored by Chief Executive ...
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NEW YORK—Frozen food company Pinnacle Foods Inc. priced its initial public offering at the high end of expectations late Wednesday, setting up a $580 million deal that will be the year's third-largest new offering of the year.
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A bankruptcy judge cleared Hostess Brands Inc. to hand over its most popular cake and bread brands to a bevy of buyers, some of whom hope to get treats like Twinkies back on the shelves by the summertime.
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Credit Suisse Group AG is winding down a unit that invests in hedge funds and other investment managers, marking the latest maneuver by a big bank in response to stricter rules on the way it manages capital and risks.
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The U.S. Securities and Exchange Commission has frozen the assets of a Massachusetts-based investment adviser charged with stealing money from clients who were allegedly given the false impression they were investing in a hedge fund.
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Blackstone Group LP and General Electric Co.'s lending arm have discussed jointly pursuing Dell Inc.'s financial-services business, people familiar with the matter said.
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As a pioneer in the U.S. cable industry, John Malone's hard-nosed deal making earned him the moniker "Darth Vader." Now, 14 years after selling a big chunk of his empire to AT&T, Mr. Malone is returning to the fray.
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MILAN—A small maker of diary and other stationery products is about to test investors' willingness to look past Italy's political impasse and struggling economy.
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Paulson & Co. asked a state-court judge in New York to throw out a lawsuit accusing the hedge-fund firm of conspiring with Goldman Sachs Group Inc. to get an insurer to back a mortgage-linked investment that later imploded.
Onetime department-store salesman Kip Tindell and his ex-boss raised $35,000 from family and friends to open their first Container Store location in Dallas in 1978. Some of their associates balked at the idea that the pair would be able to ...
The Securities and Exchange Commission is closely scrutinizing the fees and expenses, including travel and entertainment, that hedge funds and private-equity firms charge to their investors.
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A top SAC Capital Advisors executive told investors Monday that the hedge-fund firm's recent settlements with securities regulators were an "important first step" toward clearing its legal troubles, but cautioned the agreements wouldn't ...
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Lazard Ltd. paid Chairman and Chief Executive Kenneth M. Jacobs $8.5 million in 2012, down 5% from the prior year, and set new pay-clawback and other compensation-related policies for its top executives.
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Struggles intensified at textbook publisher Cengage Learning Inc. on Friday as it drew down a credit line and hired restructuring advisers to tackle a heavy debt load.
CIUDAD JUÁREZ, Mexico—In this violence-plagued border town where thousands of workers assemble U.S.-bound goods, Brookfield Asset Management Inc. is betting that it can put together the pieces of an investment that was undercut by the U.S. ...
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Before the financial crisis, Christopher Hohn was one of the hedge-fund world's most combative figures.A family New Year's card in 2006 described his "exceptionally exciting year overthrowing German CEOs." One corporate chief, memorializing ...
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SYDNEY—Finding opportunities to ride Asia's infrastructure boom is proving harder than it seems, the head of Canadian pension fund CPP Investment Board said Tuesday, as the cheap availability of finance in China for new highways and ...
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The three founders of Carlyle Group LP together collected about $172 million in dividends on their big shareholdings in the private-equity firm during the first year it became a public company, according to a securities filing.
February Hedge Funds: Best, Worst, BiggestIt would be hard to imagine a more hands-on activist hedge-fund management team than James Corsellis and Mark Watts of Marwyn Value Investors. When Corsellis and Watts consider investing in a ...
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Paulson & Co. said its founder John Paulson has no plans to move to Puerto Rico, ending days of speculation that he was considering establishing a residence on the island.
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SAC Capital Advisors LP bet big on a firm called Ardea Biosciences Inc. at the beginning of last year.Diving into a small stock it never before reported owning, the hedge-fund firm bought 1.2 million shares, which at the end of the first ...
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Looking for a new investing idea? Consider investing in ideas.Some investors are tapping the emerging field of intellectual property, which encompasses patents, trademarks, copyrights and trade secrets, in hopes of finding better ...
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For years, Rengan Rajaratnam worked in the shadow of his older brother Raj, a star trader who founded the hedge-fund firm Galleon Group.On Thursday, the younger sibling joined the spotlight when, like his brother before him, he was charged ...
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Federal authorities are weighing insider-trading charges against a younger brother of Raj Rajaratnam, nearly two years after the hedge-fund titan was convicted of the same crime, according to people familiar with the probe.
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There's a showdown in the junk-bond market, and the winner takes $400 million.Chesapeake Energy Corp. (CHK) said on Friday it will proceed with buying back $1.3 billion of its bonds. But a group of hedge funds says the natural gas producer ...
Business & Finance***The U.S. stock market is moving less wildly as investors see less need to run for the exits at the first hint of bad news.
The foray by Big Money into the single-family landlord business is becoming more sophisticated.Up until now, private-equity firms like Blackstone Group LP and Colony Capital LLC have taken a straightforward approach as they have gotten into ...
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SINGAPORE—Private-equity firm CVC Capital Partners has raised around US$1.3 billion from selling nearly half of its stake in Indonesian retailer Matahari Department Store, people with knowledge of the deal said Friday.
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The maker of Vlasic pickles and Hungry-Man dinners hopes to draw investors to the table this week with an IPO that looks to raise more than half a billion dollars.
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The former head of Calpers, one of the world's largest pension funds, was charged with concocting fraudulent documents to help a friend collect millions of dollars in fees from private-equity group Apollo Global Management LLC.
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Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Dan Yu is managing principal for EisnerAmper Personal Wealth Advisors, a New York City-based RIA.
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As Liberty Media Corp. Chairman John Malone makes a big bet on cable TV company Charter Communications Inc., some private-equity investors are taking the opportunity to sell—with handsome profits.
After tapping a flood of venture capital in recent years, a growing number of startups are getting caught in purgatory.These companies, which include consumer and e-commerce businesses, have just enough capital to keep going, for now. But ...
The National Football League is teaming up with private-equity firm Providence Equity Partners in a search for ventures the two entities can jointly invest in.
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SAC Capital Advisors LP, one of the nation's most successful investment firms, will pay a record $616 million penalty to settle two insider-trading cases, including what authorities called the most lucrative such scheme ever.
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Blackstone Group LP is working on a few scenarios for a potential counterbid to the planned leveraged buyout of Dell Inc. that would see the private-equity giant team with a partner to buy all or part of the computer maker, according to ...
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SAN FRANCISCO—Ron Conway, a financier known for his early investments in technology companies such as Google Inc., is leading a Silicon Valley effort to curb gun violence by investing in technologies such as firearm locks and better school ...
WASHINGTON (MarketWatch) — Luis Aguilar wants to clear up a “persistent misconception” about the Securities and Exchange Commission’s efforts to increase regulation of the $2.7 trillion money-market-fund industry.
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KKR & Co. has reached a deal to buy industrial-pumps manufacturer Gardner Denver Inc. for $76 a share, said a person familiar with the matter.
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Citadel LLC quantitative-trading executive Matthew Cushman is leaving the Chicago firm after a year and a half, amid a broader restructuring of Citadel's computer-driven trading business.
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A former hedge-fund manager at an affiliate of hedge fund SAC Capital Advisors who is facing insider-trading charges can have an extra three months to prepare for trial, a federal judge ruled.
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Global private-equity firm TPG has outbid rivals including The Blackstone Group LP in an auction for Australia's largest poultry producer, Inghams Enterprises Pty Ltd., people familiar with the matter said on Saturday.
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With the Dow Jones Industrial Average hitting a record high Tuesday, heavily-traded momentum stocks that sport strong fundamentals and price momentum look especially enticing.
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In the latest effort by private-equity firms to broaden their customer base, Carlyle Group LP is letting some people invest in its buyout funds with as little as $50,000.
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U.S. regulators approved the combination of wireless carriers MetroPCS Communications Inc. and Deutsche Telekom AG's T-Mobile USA, leaving MetroPCS shareholders as the last major obstacle to a deal.
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Nine executives at private-equity firms together will take home more than $1 billion in dividends and compensation from last year, even as some of Wall Street's top bankers saw their paychecks shrink.
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The copper market is bracing for a wave of new mine openings this year.Copper prices recently fell to three-month lows as investors and traders anticipate an onslaught of supplies, estimated to be the biggest increase in global copper mine ...
1. PAPAL CONCLAVE CONTINUES AT VATICANBlack smoke rose from the Vatican's Sistine Chapel Wednesday, signaling that cardinals meeting in conclave have still not reached the majority of two-thirds needed to elect a new pope.
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Carl Icahn reached a pact with Dell Inc. that allows him to look at the company's books, a move that comes days after the activist investor said he would push to replace the computer maker's board and pursue "years of ...
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TOKYO—U.S. private-equity fund Cerberus Capital Management LP is seeking to shake up the board of Japan's Seibu Holdings Inc. as a dispute between the two companies escalates, people with direct knowledge of the matter said Friday.
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MetroPCS and T-Mobile USA are preparing to tie the knot. But some investors object to the union.And at least some aren't making a secret of it. In a Jan. 30 letter to MetroPCS's board, hedge fund P. Schoenfeld Asset Management argued that ...
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Three months ago, Rodrigo Carvalho and Lukas Bouvrie were working 20-hour days to raise money and attract clients for Black Locus Inc., a 20-person Austin, Texas, startup that uses algorithms to help retailers sell their wares on the Web.
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Barnes & Noble announced Monday that it would consider a buyout offer from its chairman, Leonard Riggio (see "Just the First Chapter in a Barnes & Noble Bid?", Feb. 25). The book chain faces slipping sales but carries a beaten-down ...

Ask the right questions before you hand over your money
A balanced portfolio can have a bigger impact on long-term performance than individual stock picking
Investing for retirement is more complicated than opening an IRA or maxing out your 401(k)
When choosing a stock mutual fund, consider performance, manager track record and cost before investing.
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.