Dow Erases 2014 Gain Amid Global Selloff as Exxon Tumbles
U.S. stocks joined a global selloff, erasing the year’s gains in the Dow Jones Industrial Average, as Exxon Mobil to Micron Technology tumbled amid weaker corporate results.
Japan’s Softbank to Snap Up 70% of Sprint
A domestic market in decline has prompted it to look elsewhere for growth, and the U.S. has become its target.
Moon's Orbit Defined by Gravity
NEW YORK (HedgeWorld.com)--John W. Moon evidently hopes to join Carl Icahn in the small club of U.S. hedge fund managers shaking up the established ways of doing business in South Korea. Mr. Moon is the prime mover behind the Gravity Committee for Fair Treatment of Minority Shareholders, formed in hopes...
Cerberus, Quayle Work to Rehabilitate Japanese Ban
NEW YORK (HedgeWorld.com)--A company affiliated with distressed fund manager Cerberus Capital Management LP enlisted the help of former U.S. Vice President Dan Quayle in its...