Business
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Deal-Driven Hedge Funds Burned By Bad Bets
Despite a boom in mergers and acquisitions, hedge funds focusing on corporate restructurings have had a very challenging year. -
Venture Capitalists Tightening Their Belts
The money made on exit deals amounted to about $64 billion in the first 11 months of this year and about $94 billion in all of last year, one analyst says.
More Stories
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Deal-Driven Hedge Funds Burned By Bad Bets
Despite a boom in mergers and acquisitions, hedge funds focusing on corporate restructurings have had a very challenging year. -
Venture Capitalists Tightening Their Belts
The money made on exit deals amounted to about $64 billion in the first 11 months of this year and about $94 billion in all of last year, one analyst says. -
China-Backed Development Bank Begins Work In January
The Asian Infrastructure Investment Bank, with China, India and Russia as its largest shareholders among its more than 50 members, was formally established in Beijing Friday. -
Fiat Chrysler Recalling 570,000 SUVs For Fire Risks
The recalls cover about 413,000 vehicles in the U.S.; 32,000 in Canada; 16,000 in Mexico; and 108,000 outside North America. -
Northrop Wins $93M Deal To Build Drone For Small Ships
Current drones are unable to take off and land from confined spaces at sea and then stay airborne for long periods. -
Bridgestone Ups Offer For Pep Boys, Trumping Icahn
The tire maker's latest bid of $17 per share for the auto-repair chain was $1.50 above of its previous bid. -
Commerzbank Sues Over Mortgage Losses
Bank of New York Mellon Corp. and units of Deutsche Bank AG, HSBC Holdings PLC and Wells Fargo & Co. were named in the lawsuits. -
No Santa Claus Rally On Wall Street Christmas Eve
Share prices closed lower for Thursday's holiday-shortened session, while oil prices moved up a little. -
Puerto Rico Needs Power To Restructure Debt, Lew Says
The U.S. Treasury secretary spoke Thursday ahead of a scheduled Jan. 5 hearing on Capitol Hill on the territory's financial crisis. -
NTT, Cognizant, Atos Vie For Dell's Perot Systems
Dell Inc. reportedly is hoping Perot Systems will fetch more than $5 billion, which would help fund its acquisition of EMC Corp. -
US Retailers At Risk Of Missing Holiday-Sales Goals
Overall sales from the beginning of November to Dec. 22 were on track to rise 3.1 percent, below the 3.2 percent forecast and down from the 4.1 percent growth recorded last year. -
SAC Capital To Pay $10M In Lawsuit Settlement
The proposed settlement of a class-action suit centered on insider trading was disclosed in papers filed with a federal court in New York. -
Oil Above $37 A Barrel, But Still Close To 11-Year Low
Brent traders in London say the market is quiet with many participants away for the Christmas holiday. -
US Jobless Claims Near 42-Year Low
Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec. 19. -
Rising Aluminum Prices Buoy Mining Stocks
As the metal's price rallied Thursday to its highest level since October and the outlook for the next two years brightened, the shares of mining companies followed suit. -
US, Russia On Same Boat Against Terrorism
According to an Obama advisor, it is better when the United States and Russia can work together. -
Mitsubishi Delays Passenger Jet By A Year
Mitsubishi discontinued its manufacturing of planes after Japan suspended their production throughout the country in the wake of World War II. -
Russia Deliberately Killed Civilians In Syria: Amnesty
Amnesty International has slammed Russia for denying the death of civilians in Syria due to Russian attacks. -
South Korea To Check VW Vehicles For Fuel Efficiency
Volkswagen is dealing with the fallout of a global scandal after it was revealed that the company installed software on some of its vehicles to cheat on emissions tests. -
China Predicts 6% Growth In Industrial Production In 2016
The growth indicator is predicted to rise at the same pace as in 2015 as Beijing's efforts to arrest a slowdown in the country's economy have met with mixed results.
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