Economy
« Previous EntriesAndor Hedge Fund Shutting Down
Wednesday, August 20th, 2008Andor Capital Management LLC, a hedge fund controlling about $2 billion in assets that was spun off from Arthur Samberg’s Pequot Capital Management Inc. in 2001, is closing down and returning money to investors.
T boone pickens
Tuesday, July 8th, 2008T boone pickens, Jr. ,born May 22, 1928, is an American businessman who chairs the hedge fund BP Capital Management. He was a well-known takeover operator during the 1980s. With an estimated current net worth of about $3 billion, he is ranked by Forbes as the 117th-richest person in America and ranked 369th in the [...]
bank of america foreclosures
Monday, June 30th, 2008
Planned purchase of Countrywide Financial Corporation by Bank of America (BofA) forced over 90 California community groups to send request letters to BofA seeking the halt of foreclosures. California Reinvestment Coalition drafted the letter asking the bank to devise a plan to help these homeowners retain their homes. This bank acquisition adds 9 Million new [...]
Deal of the Day
Thursday, June 12th, 2008
A United States office supplies company Staples Inc. has won its battle to buy Corporate Express NV and extend its dominance of the world’s office products market after the Dutch firm agreed to a sweetened bid of $2.65 billion US.
Staples on Wednesday said it had raised its all-cash bid to $14.39 per share from the [...]
DTE Energy Declares 53 Cent Dividend
Sunday, June 8th, 2008Detroit-based DTE Energy is a diversified energy company involved in the development and management of energy-related businesses and services nationwide.
The company’s operating units include Detroit Edison, an electric utility serving 2.2 million customers in Southeastern Michigan, MichCon, a natural gas utility serving 1.3 million customers in Michigan and other non-utility, energy businesses focused on gas [...]
Stop & Shop Intro
Sunday, June 8th, 2008
The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England and Long Island.
Stop & Shop was founded in 1914 in Boston, Massachusetts by the Rabinowitz family as the Economy Grocery Stores Company. The company officially became known as Stop & Shop, Inc. in 1946.
Stop & Shop purchased the now-defunct [...]
