| Jun 7, 2013
| 9:00 AM
If you’re as rich as Carlos Slim, if you live off the interest on your interest, or if starring in this year’s megahit movie has simply exhausted you, these are the world’s ultimate luxury getaways — a champagne bucket list for...
| May 17, 2013
| 1:34 PM
Calling it one of the great comebacks in sports, Mayor Kevin Johnson announced on Friday at City Hall that the sale of the Sacramento Kings to a local group of investors has been finalized.
The Maloof family is reportedly selling a 65% controlling...
| Dec 21, 2012
| 11:39 AM
With its three-day stock plunge accelerating Friday, Herbalife Ltd. said it will defend itself against a hedge fund manager’s accusations that the business is a “pyramid scheme” – but the company said its response won't come...
| Dec 26, 2012
| 10:46 AM
Another hedge fund manager is joining Bill Ackman in the ranks of Herbalife haters.
Whitney Tilson, who helps run three hedge funds and two mutual funds through T2 Partners, said in a mass email Wednesday that he’s short “a tiny smidge&...
| Mar 27, 2013
| 10:11 AM
Has billionaire hedge fund manager Steven Cohen purchased Picasso's "Le Rêve" from billionaire hotel and casino magnate Steve Wynn?
A story in the New York Post this week reports that Cohen has bought the coveted painting for $155 million. If true,...
| Mar 28, 2013
| 7:00 AM
Individual investors continue to warm up to stocks, albeit at an agonizingly slow pace.
Small investors put a net $1.3 billion into U.S. equity mutual funds last week, according to the Investment Company Institute, a fund trade group. That marks the...
| Dec 16, 2012
Even the most inattentive 401(k) owner surely understands today that the markets can bite you where it hurts, that promises of long-term investment gains can evaporate in the blink of a short-term crash and that the less understandable an investment...
| May 21, 2013
| 2:52 PM
Sony Corp. is "considering evaluating" a spinoff of its entertainment arm that is being advocated by the hedge fund and Sony shareholder Third Point, according to Japan's Nikkei newspaper.
The news comes a day before a much-anticipated Sony corporate...
| May 14, 2013
| 5:41 AM
After the coffee. Before the ESPN and ABC upfronts.
The Skinny: I got through the day without any pizza. Let's see if I can make it two in a row. Tuesday's headlines include Fox's new TV schedule for next season. Also, a hedge fund manager is pressuring...
| Mar 13, 2013
| 5:00 AM
Both Republicans and Democrats say concern about the middle class is at the heart of the ongoing, vituperative debate over taxes, entitlements and fiscal discipline, but the political spat never seems to honestly address the gaping and growing class...
| May 14, 2013
| 7:23 AM
Sony Corp.'s stock rallied about 9% in early trading after a New York hedge fund proposed that the company take its entertainment unit public.
Sony shares added $1.64, or 8.7%, to stand at $20.53 shortly after the opening bell on Wall Street.