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Blackstone notifies Cohen's SAC it intends to pull money: pension consultant
Reuters(Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter...Tags: Insider Trading, Manhattan (New York City), Finance, Crime, Law and Justice, Economy, Business and Finance
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Deals of the day -- mergers and acquisitions
Reuters(Adds Dell Inc, Orkla, Marathon Oil, Elan, prada, Telecom Italia and others) May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Activist investor Carl Icahn and Southeastern Asset...Tags: Business, Thomson Corporation, Elan Corporation Plc, Lehman Brothers Holdings Inc., Dell Inc.
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Market Chatter-Corporate finance press digest
ReutersMay 23 (Reuters) - The following corporate finance-related stories were reported by media on Thursday: * Building products maker CPG International is being prepared for a sale by its private equity owner, a deal that could fetch between $1 billion and...Tags: Insider Trading, General Motors Corp., Finance, Marketing, Lehman Brothers Holdings Inc.
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Blackstone and Prologis to pay $960 mln for warehouses -sources
ReutersNEW YORK, May 22 (Reuters) - Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Brothers for about $960 million, two sources familiar with...Tags: Prologis, Lehman Brothers Holdings Inc.
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Scandal or not, one SAC investor can't get enough of Steve Cohen
ReutersBOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money. "I'm...Tags: Investment Service, Insider Trading, Finance, Crime, Law and Justice, Economy, Business and Finance
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Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers
ReutersNEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads. In the...Tags: Trials, Manhattan (New York City), Insider Trading, Crime, Law and Justice, The New York Times
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Rockwood pigments businesses attract private equity bids: sources
ReutersNEW YORK (Reuters) - Specialty chemicals producer Rockwood Holdings Inc's pigments businesses have attracted offers from buyout firms including Blackstone Group LP and Advent International Corp, several people familiar with the matter said. The auction...Tags: Business, Metal, Sales, Huntsman Corporation, Rockwood Holdings Incorporated
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Blackstone, Pactera insiders make $680 million offer
Reuters(Reuters) - Pactera Technology International Ltd said on Monday that Blackstone Group LP , together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private. Pactera said it...Tags: Michael S. Dell, Citigroup Incorporated, Companies and Corporations, Thomson Corporation, Finance
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SAC Capital's Cohen gets subpoena to testify: NY Times
Reuters(Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on the case....Tags: Lawyers, Insider Trading, Crime, Law and Justice, Steven Cohen, SAC Capital Advisors
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Some foreclosed-upon homeowners getting mortgages
The Tampa TribuneStuck renting for a few years, Tampa Bay area residents who had a foreclosure during the housing crash are buying homes again. Among them is Xiomara Mewa of Tampa. A former loan officer, her finances tumbled five years ago when the lenders she worked...Tags: Government, Tampa, Mortgages, Finance, Moody's Corporation
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EXCLUSIVE-Onex fails to find buyer for Carestream Health
ReutersBy Soyoung Kim and Greg Roumeliotis NEW YORK, May 17 (Reuters) - Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion,...Tags: Auction Service, Finance, Eastman Kodak Company, Economy, Business and Finance, Goldman Sachs Group, Inc.
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Blackstone planning to create new hedge fund - FT
Reuters(Reuters) - Blackstone Group LP is planning to create a hedge fund which will consist of the boldest trades from the third-party hedge funds it invests with, the Financial Times reported. The new fund will invite managers to sell their interesting...Tags: Finance, Economy, Business and Finance, Mutual Funds
May 25, 2013
|Story| Reuters
May 23, 2013
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May 22, 2013
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May 22, 2013
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May 21, 2013
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May 21, 2013
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May 20, 2013
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May 20, 2013
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May 19, 2013
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May 18, 2013
|Story| McClatchy-Tribune
May 17, 2013
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May 16, 2013
|Story| Reuters
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