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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: investor

investor stories: 17 news summaries
analysis

 Don't Let the 
 Recession 
 Rule Out 
 Retirement 

Save more, use 'catch-up' tax law provisions to turn things around

Sep 20, 09 4:48 PM CDT
(Newser) - Retirement savers have been facing grim truths, like the fact that a 50% portfolio loss requires 100% in earnings to recover. But middle-of-the-road investors could recover in as little as 2 years if they make contributions, receive a company match, and see fair long-term portfolio returns, writes Linda Stern in... More »

MORE ABOUT:
retirement • recession • savings • investor • 401(k) plans

 SEC Moves to Ban 
 Lightning-Fast Trading 

Flash orders let big investors buy and sell in milliseconds, harming slower traders

Sep 18, 09 5:16 AM CDT
(Newser) - The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create a two-tiered market" since only... More »

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stock market • SEC • stock exchange • SEC commissioners • investor • Mary Schapiro • high-frequency trading

INTERVIEW

Buffett: 'We
Are Not Out of Problems Yet'

Investor looks to
clean up on crisis, but
is moving out of stocks

Sep 8, 09 6:38 AM CDT
(Newser) - Even Warren Buffett had a bad financial crisis: The Omaha sage personally lost $25 billion in 2008, enough to put him behind Bill Gates on the worldwide rich list. But while many investors hunkered down as markets tanked, Buffett recalibrated, pouring billions into companies—Goldman Sachs, GE, BofA, Amex—that... More »

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stock market • Goldman Sachs • Warren Buffett • General Electric • American Express • investment • Berkshire Hathaway • investor

Jailed Financier Stanford Wants Cell With Better A/C

Alleged fraudster files a motion to move to cushier Houston jail

Jul 28, 09 2:15 PM CDT
(Newser) - Accused financier R. Allen Stanford is demanding he be moved from his current jail to a nicer facility in Houston, on grounds that his current cell is not comfortable enough, the New York Post reports. Stanford, charged with swindling investors out of $7 billion, complained through his lawyer that the... More »

MORE ABOUT:
fraud • prison • crime • Ponzi scheme • investor • defrauding investors • Robert Allen Stanford

(Newser) - Lunch with Warren Buffett is a little cheaper this year. The anonymous winner of an eBay auction for a steak lunch with the Oracle of Omaha paid $1.68 million, down from last year’s record of $2.1 million. It’s still the second highest bid in the 10-year... More »

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philanthropy • San Francisco • New York City • eBay • Warren Buffett • steakhouse • homeless • billionaire • investor • charity auction

GM Close to Hummer Sale That Would Save 3K US Jobs

Has picked a buyer; deal would be finalized by Sept.

May 31, 09 10:14 AM CDT
(Newser) - GM has selected an unnamed investor to buy its hulking Hummer brand, in a move aimed at saving more than 3000 US jobs, sources tell the Wall Street Journal. They say the company hopes to seal the deal, rumored to be in the $200 million range, by September. An... More »

MORE ABOUT:
General Motors • Detroit • business • employment • Hummer • job • investor • cars • brand

Investors Hire Gumshoes to Snoop on Fund Managers

Fraud schemes prove boon to private eyes

Mar 23, 09 4:24 PM CDT
(Newser) - Investors are increasingly hiring private investigators to dig up dirt on fund managers in hopes of avoiding the next Madoff-style fraud, Bloomberg reports. Background checks are expensive—depending on the firm, they may cost $1,000 per company or individual investigated—and can take weeks, but investors say they are... More »

MORE ABOUT:
fraud • background check • private investigator • Ponzi scheme • investor • defrauding investors • background checks • Bernard Madoff • Bernard L. Madoff Investment Securities • Arthur Nadel

Fla. Developer Offers Investors Green Cards

Foreigners with $1M cash can get US residence

Jan 28, 09 7:12 PM CST
(Newser) - Foreigners still interested in the American dream can get permanent residence in the US by investing $1 million in a Florida condo-hotel project starved for credit. The government-approved offer gives investors a conditional visa in exchange for the investment, the Orlando Sentinel reports. If the foreigners can prove within two... More »

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immigration • visa • green card • Orlando • private investors • investor • Walt Disney World • condo hotel

ANALYSIS

Madoff Ruse Exploited
Palm Beach's Clubby Ways

Swindler exploited ritzy Palm Beach culture to bilk investors

Jan 3, 09 3:08 PM CST
(Newser) - You have to give it to Bernie Madoff: The Ponzi pirate wasn’t your average fraudster, Daniel Gross observes in Slate. Look no further than Palm Beach, which was "ground zero" of his scheme. Madoff got where he did by “fiendishly exploiting the unique, clubby culture" of the... More »

MORE ABOUT:
Florida • fraud • Ponzi scheme • Palm Beach • investor • Bernard Madoff

Madoff Got $10M Investment Days Before Arrest: Suit

Funds were businessman's first Madoff deal

Jan 3, 09 9:21 AM CST
(Newser) - A New York businessman is suing to recover $10 million he handed over to Bernard Madoff 6 days before the alleged Ponzi schemer was arrested, the Wall Street Journal reports. Martin Rosenman wired the funds to a JP Morgan Chase account controlled by Madoff, who told the first-time investor that... More »

MORE ABOUT:
fraud • New York • investment • Ponzi scheme • securities fraud • investor • JPMorgan Chase • Bernard Madoff • recession depression

 Tables Turn:
 Madoff Gets
 Ripped Off 

Thieves rip-off investment fraudster

Dec 28, 08 7:19 PM CST
(Newser) - In a bit of poetic justice, a thief stole an expensive statue from the Palm Beach estate of Bernard Madoff last week, the New York Post reports. Burglars took a $10,000 copper statue depicting two lifeguards from the fraudster accused of losing $50 billion of investors’ money in a... More »

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fraud • theft • statue • Ponzi scheme • Palm Beach • investor • defrauding investors • Bernard Madoff

Mark Cuban Hit With
Insider-Trading Charges 

Owner of NBA's Dallas Mavericks accused in 2004 stock sale

Nov 17, 08 12:47 PM CST
(Newser) - Dallas Mavericks owner Mark Cuban was charged today with insider trading, the Dallas Morning News reports. The government alleges that, in 2004, Cuban spoke with the CEO of a company in which he held shares, and was told, confidentially, of a new stock offering that would dilute the value of... More »

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NBA • stock market • Mark Cuban • Dallas Mavericks • insider trading • SEC • civil lawsuits • investor

 Investor
 Templeton
 Dies at 95 

He founded huge investment firm, awards for spiritual research

Jul 8, 08 9:08 PM CDT
(Newser) - Influential investor and philanthropist John Marks Templeton has died at age 95. The founder of Templeton Mutual Funds, one of the biggest investment funds in the world, died in the Bahamas, the Washington Post reports. In 1999, Money magazine called him "arguably the greatest global stock picker of the... More »

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philanthropy • obituary • investor

Investor Wins $2.1M Lunch With Buffett

Charity auction for
San Francisco homeless sets record

Jun 29, 08 1:37 PM CDT
(AP) - A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay. Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a... More »

MORE ABOUT:
eBay • Warren Buffett • auction • charity • investor

Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

May 30, 08 2:52 PM CDT
(Newser) - The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million... More »

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Yahoo • Microsoft • Carl Icahn • shareholders • billionaire • proxy battle • investor

Kerkorian Bets Big on Ford Turnaround

Investor buys 100M shares, taking 4.7% stake after strong Q1

Apr 28, 08 4:22 PM CDT
(Newser) - Investor Kirk Kekorian is gobbling up shares of Ford in move seen as a vote of confidence for the automaker’s turnaround efforts, the Wall Street Journal reports. Kerkorian’s Tracinda has bought about 100 million shares and holds a 4.7% stake in the firm. Tracinda also offered to... More »

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Kirk Kerkorian • General Motors • stocks • Ford • downsizing • US automakers • investor

The Top 10 Investors

A look at the individuals who are changing the way money changes hands

Jul 18, 07 5:16 PM CDT
(Newser) - Not only are these investors sitting on mountains of doubloons—a sure sign of financial savvy—but they have also changed the way people think about money and investing.
  1. John Bogle, founder, the Vanguard Group. Now president, Bogle Financial Markets Research Center.
  2. Warren Buffett, CEO and chairman, Berkshire
... More »

MORE ABOUT:
investing • Warren Buffett • list • money • banking • investor • John Bogle • David Shaw

17 Stories


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