investments – News Stories About investments - Page 2

Dec 20, 2007 12:18 PM CST

Gay Plays Well for Maverick VC

So says Valleywag about contrarian PayPal founder Thiel

(Newser) - In Silicon Valley, where "like funds like," Valleywag thinks it's important to note that Peter Thiel, "the smartest VC in the world, is gay." Why mention it? Thiel's Founders Fund, which just raised a $220 million financing round, could reinvent the way entrepreneurs get paid, and...

Atlantic City Takes on
Las Vegas

Nov 20, 2007 4:11 PM CST

Atlantic City Takes on Las Vegas

Four companies to invest $9 billion, open luxe mega-casinos

(Newser) - Atlantic City is about to get a $9 billion makeover, with four companies slated to build as many new mega-casinos by 2012. The luxury resorts constitute the biggest burst of investment in the city since the start of casino gambling in 1978, the AP reports. As Atlantic City bids to...

China Throws $13K Tea Parties

Oct 7, 2007 4:28 AM CDT

China Throws $13K Tea Parties

P uer variety gains wine-like following

(Newser) - China's latest investment fad trades paper for tea leaves, the Wall Street Journal reports. A type of tea pressed into discs, puer (pronounced "poo-ahr") was once the domain of collectors. But an excess of cash and dearth of investment outlets has made the tea a hot asset. Like...

Exit Scrambles Fidelity Succession Picture

Aug 8, 2007 10:33 AM CDT

Exit Scrambles Fidelity Succession Picture

Mutual-fund giant loses possible heir apparent

(Newser) - A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal. Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old...

Death Threats Sent to
Goldman Sachs

Jul 6, 2007 12:10 PM CDT

Death Threats Sent to Goldman Sachs

'We are inside. You cannot stop us,' read anonymous letters

(Newser) - Investment powerhouse Goldman Sachs has been the subject of menacing letters sent to newspapers across the country, prompting an investigation by the FBI. "Hundreds will die," warn the letters that have been traced back to Queens, New York. "We are inside. You cannot stop us."

Clintons Sell Stock to
Avoid Bonds

Jun 15, 2007 8:57 AM CDT

Clintons Sell Stock to Avoid Bonds

Couple liquidates blind trust to head off political fallout

(Newser) - Nobody wants to see Whitewater II, least of all the Clintons. As Hillary barrels towards the White House, they've liquidated a blind trust worth $5 million to $25 million in an effort to avoid potential conflict-of-interest charges. The fund, invested on their behalf since Bill took office, included live-wire investments...

Hedge Funds Skip Riskier Gambles

May 22, 2007 11:52 AM CDT

Hedge Funds Skip Riskier Gambles

Returns are down as more cautious investors hold sway

(Newser) - Are hedge funds going soft? The swashbuckling industry has long been known for its high-risk, high-rewards MO, but returns are down, on average trailing the S&P 500 last year. The reason, BusinessWeek suggests, may be that alternative investments are no longer so alternative. And other non-traditional investments, like private...

Bernanke Keeps Interest Rate Steady

Mar 29, 2007 8:15 AM CDT

Bernanke Keeps Interest Rate Steady

Sees housing crisis as risk, but doesn't see recession

(Newser) - With inflation creeping up, Fed chairman Ben Bernanke will keep interest rates steady—at least for now, reports the Wall Street Journal. Soft business investment and weakening housing are becoming serious risks, but the long-term outlook is good, Bernanke told Congress yesterday. "The current stance of monetary policy is...

Wall Street Tigers Bearish on Stocks

Mar 28, 2007 7:37 AM CDT

Wall Street Tigers Bearish on Stocks

Investment club moves to hedge funds, private equity instruments

(Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members'...