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Einhorn Vindicated on Lehman, Beating BlackRock, Putnam Bulls - BloombergSept. 13 (Bloomberg) -- The tally is in and hedge fund investor David Einhorn beat BlackRock Inc. and Putnam Investments LLC by betting against Lehman Brothers Holdings Inc. Einhorn's Greenlight Capital LLC disclosed in April it was short Lehman, a ...
Money Markets Covered--Now What? - ForbesWith the Wall Street crisis in full effect, Treasury Secretary Henry Paulson has voiced his view on things to come. People thought their retirement savings were relatively safe in money market funds, but now that may not prove accurate. After a run ...
Treasuries Decline on Possible New Agency Creation (Correct) - Bloomberg(Corrects story that was published yesterday in the 16 paragraph to say Putnam closed the fund because of redemptions. The net asset value didn't fall below $1 a share.) Sept. 18 (Bloomberg) -- Treasuries fell on speculation the government will ...
More Business - San Francisco GateCapping the most tumultuous week on Wall Street since the Great Depression - five days that saw the bankruptcy of venerable investment bank Lehman Bros., the emergency sale of brokerage giant Merrill Lynch and the government takeover of insurance ...
Stocks plunge after crisis in investment firms - Boston GlobeStocks suffered their worst losses in seven years as the failure of investment firm Lehman Brothers Holdings Inc. and the sudden sale of Merrill Lynch & Co. stoked investor fears of even deeper problems in the nation's financial system. The Dow Jones ...
Gurus' Guide To Crisis And Opportunity - ForbesThe ongoing financial crisis reached a crescendo this week with stocks, as measured by the Dow Jones industrial average, swinging more than 1,000 points, or 10%, in a week--actually within 24 hours. What's going on with gold? Should you be buying the ...
A&E Books Comics Environment & Science Life Movies News & Politics ... - SalonOil futures jumped $25 dollars a barrel on Monday, closing at $130 -- the biggest jump ever recorded. So much for the relaxation of economic pressures that sub $100-a-barrel oil promised. Goldman Sachs and Morgan Stanley asked permission to change ...
Republicans on Hill: We and McCain Are Takin' Care of Business (TCB) - ABC News Blogs"I don't know what games were being played at the White House yesterday, ganging up on Boehner," said House GOP Leader John Boehner, R-Ohio, "but if they thought they were rollin', me they were kidding themselves." Democrats in that private meeting ...
McCain blames Democrats for bailout defeat - Boston GlobeJohn McCain responded to the defeat of the bailout bill with a stinging attack on Democratic rival Barack Obama and his congressional allies. “From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he ...
Wall Street falls reflect concerns over bailout and fears for US ... - World Socialist Web SiteUS stocks suffered their worst two-day slump in six years this week, amid concerns in financial circles about any obstruction or delay to the Bush administration’s massive $700 billion bailout announced last Friday as well as its adequacy and long ...
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