SAC Hedge Fund Rivals Hope to Feast on Investor Redemptions

Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.


UPDATE: Vodafone Pursues Kabel in Quad-Play Push

Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.

Clearwire Board Recommends Dish Offer Over Sprint

The board of Clearwire Corp. recommends the proposed bid from Dish over Sprint Nextel even before the hostile bid was raised.

CFO: Royal Bank of Canada Looks for C$5 Billion Wealth Acquisitions

Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.


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Exxaro announced the completion of its investments in two wind farms located in the Eastern Cape Province of South Africa.
Legal and General Group announced its plans for investments hinged on the government's changes in its policies.
Punch Tavern's bondholders rejected the latest proposal for debt restructuring. (Photo : Reuters)The image is a pub goer enjoying a pint. United Kingdom pub operator Punch Taverns Plc had earlier proposed a restructuring plan for its GBP2.
Virgin Money exploring IPO of Northern Rock. (Photo : Reuters)The image is the logo of Virgin Money. The bank that purchased Northern Rock Plc, Virgin Money Holdings UK, is in the process of searching for advisers to provide assistance for its initial public offer.
Chevron Phillips is planning a growth program in the Middle East. (Photo : Reuters)The image is the corporate logo of Chevron Phillips. The petrochemical joint venture between US oil firm Cheveron Corp and oil refiner Philips 66, Chevron Phillips Chemical Co, is now exploring ways to increase its presence in the Middle East.
Apollo Tyres purchases the shares of Cooper Tire and Rubber to create the seventh largest tire company in the world.
Fitch ratings warns Vodafone of the effect should the British firm purchase Kabel Deutschland. (Photo : Reuters)The image is the frontage of the corporate headquarters of Fitch Ratings.
WorldDesk received $1.25 million from investors including North Irish investment firm Lough Shore Investments in line with the laun
ClearLight Partners sold The Outsource Group to Parallon Business Solutions. (Photo : Reuters )Reuters/Ipsos polling reveals a remarkably high level of approval for nearly all the provisions of the act, often in the 80 percent range, despite opposition of respondents to the ClearLight Partners LLC, a private equity firm based in Newport Beach, California, agreed to sell The Outsource Group to a subsidiary to HCA Holdings called Parallon Business Solutions.
SEO company Conductor Inc. named Jin Caci as its new chief financial officer. (Photo : Reuters)The image is a whole floor of computers in a network. Search engine optimization services provider Conductor Inc.
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