Aug
5
NEW YORK (MarketWatch) -- Morgan Stanley is nearing a deal to cut ownership of its in-house hedge fund FrontPoint Partners, which has $7 billion in assets, to about 20% or 25%, according to a story in Thursday's The Wall Street Journal. The move comes ahead of the so-called Volcker provision in the new financial legislation which limits banks' investments in hedge funds, private-equity and real ...
Aug
4
MANILA, Philippines - (UPDATE) Conglomerate SM Investments Corp. expects its net income to rise by 14% in 2010, fueled by faster growth in the economy, group financial officer Jose Sio said on Thursday.
Aug
4
MANILA, Philippines - Conglomerate SM Investments Corp. said its net income in the first half rose by 15% from a year ago to P8.5 billion, driven by higher earnings of its core businesses.
Aug
4
A buyer of six islands in 2006, Kleindienst delayed the start of construction for more than a year as the property market slumped. He said he reduced investments in eight countries real ones including South Africa and Pakistan to pay for the project.
Aug
3
Former shareholders of fallen mortgage giant Countrywide Financial Corp. are in line to recoup a fraction of their investments now that a Los Angeles judge has approved a settlement worth more than $600 million settlement.
Next Page →