Author Archives: the HedgeCo News Team
SHARES AND MARKET REPORT: Investors expect Carphone Warehouse to ring right numbers
TRADERS PILED into Carphone Warehouse yesterday and those caught with short positions in the stock were heard to be busily closing them ahead of tomorrow’s trading statement. According to yesterday’stalk, Carphone’s update will not disappoint the market. Although it is […]
Bid fever propels Man Utd back into the $1bn league
THE BID fever surrounding Manchester United intensified last night as the club sought to discover the identity of a mystery investor who bought more than 2 million shares last Friday and the value ofthe company jumped to its highest in […]
Stamford, Conn., Building Owner Courts Tenants
Oct. 7–Bradley Nitkin believes his firm made a sound investment when it bought the Greenwich Financial Center, at the corner of Fawcett Place and Greenwich Avenue, and the former Greenwich Armoryfor $26.66 million two years ago. –He secured a $30 […]
New York AG Subpoenas Fidelity in Probe
Fidelity Investments, one of the nation’s biggest mutual fund concerns, says it has received a subpoena from New York Attorney General Eliot Spitzer’s office connected to its wide-ranginginvestigation of potential fund-trading abuses. Anne Crowley, a spokeswoman for Boston-based Fidelity, said […]
Bank of America to Make Restitution Fund
CHARLOTTE, N.C. (AP) – Bank of America Corp. will establish a restitution fund for shareholders of its Nations Funds who lost millions of dollars because of alleged improper trading that gave a hedgefund advantage over other investors. “Nothing is more […]
The Dow Index Is Undervalued Says Johnson Graduate School Study
<body.content> <block> <p>ITHACA, N.Y., Oct. 7 /PRNewswire/ — The Parker Center for Investment Research, an academic think tank and research institute housed at CornellUniversity’s Johnson Graduate School of Management, today said the Dow Index at 9,275.06 on Sept. 30 was […]
British Soccer Team’s Stock Rises As Takeover Rumours Race Back
Oct. 7–Manchester United shares soared again as hefty stock market dealings fanned the flames of takeover speculation. Traders believe two of the earliest stakebuilders Irish racing duo John Magnier and J P McManus have returned to the market to lift […]
BUSINESS in Brief
Stewart seeks to cut charges NEW YORK – Martha Stewart asked a federal judge yesterday to toss out two of five counts against her in an indictment surrounding her sale of ImClone Systems Inc. shares in 2001 just before the […]
SN pubs sell-off fails to raise cheer with brokers ; Market Report
THE 2.4 billion disposal of Scottish Newcastle’s 1400-strong pubs chain to Spirit yesterday appears to have gone down about as well as a flat pint with the City. A clutch of big brokers have come out with some bearish comments […]
SN pubs sell-off fails to raise cheer with brokers ; Market Report
THE 2.4 billion disposal of Scottish Newcastle’s 1400-strong pubs chain to Spirit yesterday appears to have gone down about as well as a flat pint with the City. A clutch of big brokers have come out with some bearish comments […]
SN pubs sell-off fails to raise a cheer in the City ; Market Report
THE 2.4 billion disposal of Scottish Newcastle’s 1400-strong pubs chain to Spirit yesterday appears to have gone down about as well as a flat pint with the City. A clutch of big broking houses have come out with some bearish […]
Samsung Electronics wins fans as chip hopes revive ; Market Report
SOME markets in Asia are dominated by a single stock. In Hong Kong it is HSBC, in Singapore it is Singapore Telecommunications. In South Korea it is without doubt Samsung Electronics. The company is the flagship of the Samsung group, […]