Wynn Defends Ouster of Investor Wynn Resorts defended its move to oust major shareholder Kazuo Okada, saying the board acted out of an obligation to protect the company and its shareholders.
Continue reading …Bullish hedge funds hike their bets in 2012 rally LONDON (Reuters) – Hedge funds are cranking up their bets in equities and credit in 2012′s buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were…
Continue reading …Falcone’s Telecom Troubles Mount As troubles grew for Harbinger hedge-fund manager Philip Falcone, he held a conference-call with investors but offered no details on how he planned to overcome a regulatory setback for LightSquared Inc.
Continue reading …Kellogg Adds Snacks Kellogg’s $ 2.7 billion deal with Procter & Gamble to buy Pringles potato crisps aims to satisfy a hunger for more diversification and instantly makes it a player in overseas snacking.
Continue reading …Japan Crisis Transforms Natural-Gas Market Japan’s increasing demand for natural gas, an outgrowth of its sudden move away from nuclear power in the wake of last year’s earthquake, is beginning to remake the globe.
Continue reading …Exelon’s Deal With First Solar in Doubt Exelon said a $ 1.36 billion solar-power plant deal with First Solar has hit a delay, stemming from problems with the project’s federal loan guarantee.
Continue reading …European hedge fund stars profit in buoyant January LONDON (Reuters) – Star European hedge fund managers including Crispin Odey and Pierre Lagrange were among the top performers in an upbeat January for the industry, as the European Central Bank’s…
Continue reading …Target at Post-Bailout GM: Billion a Year The auto maker is expected to report 2011 net income of more than $ 8 billion and has set its sights on a once-unthinkable goal: make more than $ 10 billion a year.
Continue reading …Adelson Cashes In On Turnaround at Sands A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $ 1 billion of his own money into the struggling casino operator.
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