http://news.myspace.com/business/hedgefunds The latest news brought to you by MySpace! Sat, 17 May 2008 06:00:32 GMT http://newscdn.myspace.com/web.2.14/content/springwidget/hedgefunds.xml http://dealbook.blogs.nytimes.com/2008/05/16/the-yahoo-final-exam/ After Microsoft withdraws its offer, Carl Icahn buys a less-than-5-percent stake in Yahoo and nominates a slate of directors to oppose the current Yahoo board and accept said Microsoft offer. A member of the Icahn-nominated slate is Lucian Bebchuk, a law school professor and noted NYTimes: DealBook Fri, 16 May 2008 17:30:17 GMT http://dealbook.blogs.nytimes.com/2008/05/16/the-yahoo-final-exam/ http://news.myspace.com/business/hedgefunds/item/17465080 I am a jelly donut: Krugman's coming to Berlin. Feels lighter and airier (and of course as wonky as ever) – but it still has a truncated RSS feed, which I'm pretty sure is a Wordpress issue and not the CFR being clueless. Use of this site constitutes acceptance of our User Agreement and Portfolio: Market Movers Fri, 16 May 2008 15:40:16 GMT http://news.myspace.com/business/hedgefunds/item/17465080 http://news.myspace.com/business/hedgefunds/item/17476780 When the Culinary Institute of America needed to raise money to pay for a new building they turned to a Goldman Sachs banker for advice. He told them to issue auction rate securities. That piece of advice cost them nearly half a million dollars when the DealBreaker.com Fri, 16 May 2008 22:15:14 GMT http://news.myspace.com/business/hedgefunds/item/17476780 http://news.myspace.com/business/hedgefunds/item/17468148 would be a great acquisition for Berkshire Hathaway Inc. He writes: Berkshire doesn't necessarily look for growth in the businesses it buys: it looks for cashflow, which it can profitably reinvest elsewhere. And CBS has lots of profits which Berkshire would DealScape Fri, 16 May 2008 17:38:34 GMT http://news.myspace.com/business/hedgefunds/item/17468148 http://news.myspace.com/business/hedgefunds/item/17477494 Carl Icahn: While a number of other activist investor have disappeared during the credit crunch. Perhaps no other situation symbolizes the remaking of Icahn’s image from corporate raider to defender of shareholders as him riding to the rescue of WSJ.com: Deal Journal Fri, 16 May 2008 22:14:13 GMT http://news.myspace.com/business/hedgefunds/item/17477494 http://news.myspace.com/business/hedgefunds/item/17456927 Hedge Vision Japan Fund announced its formal closure this week. The fund was launched in November 2006 by Swiss-based Hedge Vision Capital an investment management company. It is the only hedge fund run by the company which now hopes to re-launch another Japanese long/short fund by the end of the Hedge Funds Review Fri, 16 May 2008 11:34:03 GMT http://news.myspace.com/business/hedgefunds/item/17456927 http://news.myspace.com/business/hedgefunds/item/17449535 Blackstone, which made big profits last year by flipping commercial properties at the height of the market, is considering buying back into some of those assets at distressed prices as part of an effort to cash in on the credit crisis. Blackstone’s emphasis FT.com Alphaville: M&A Fri, 16 May 2008 04:39:34 GMT http://news.myspace.com/business/hedgefunds/item/17449535 http://news.myspace.com/business/hedgefunds/item/17454487 Should banks be raising more money? In the current climate, shareholders perhaps take comfort that banks are doing something rather than nothing, even if that something results in the permanent dilution of their investment. The French bank thinks that in the new world regulators will require FT.com Alphaville: Today Fri, 16 May 2008 09:22:51 GMT http://news.myspace.com/business/hedgefunds/item/17454487 http://news.myspace.com/business/hedgefunds/item/17451705 If the Wall Street sequel, Money Never Sleeps, is indeed coming out in 2009, it appears that the timing is once again problematic now that people are somewhat less exuberant. Did they opt for another morality tale (funnily enough, against LBOs — or Bankers Ball Fri, 16 May 2008 05:19:05 GMT http://news.myspace.com/business/hedgefunds/item/17451705 http://dealbook.blogs.nytimes.com/2008/05/16/carlyle-and-the-washington-factor/ At one time, Carlyle was known for employing former politicians and government apparatchiks, making it an easy target for accusations — fair or not — that it was a crony capitalist machine buying favors, as opposed to a private equity firm with a NYTimes: DealBook Fri, 16 May 2008 18:39:41 GMT http://dealbook.blogs.nytimes.com/2008/05/16/carlyle-and-the-washington-factor/ http://news.myspace.com/business/hedgefunds/item/17460657 The epic proxy fight for Yahoo may soon be wrapping up. This morning the New York Post reports that Yahoo executives are scrambling to do a deal, although perhaps not the one that Carl Icahn and his friends are calling for. But why has Carl Icahn, who owns 59 million Yahoo shares or 4% of the DealBreaker.com Fri, 16 May 2008 14:01:51 GMT http://news.myspace.com/business/hedgefunds/item/17460657 http://news.myspace.com/business/hedgefunds/item/17477546 Delta union chairman Lee Moak in a letter to membership Wednesday, May 14 said 78% of its 4,590 voting pilots agreed to contract changes to facilitate a deal, which give pilots a 3.5% stake in the merged company in exchange for work rule changes that will DealScape Fri, 16 May 2008 22:00:09 GMT http://news.myspace.com/business/hedgefunds/item/17477546 http://news.myspace.com/business/hedgefunds/item/17474215 When the Wall Street Journal first reported General Electric was leaving the appliance business, it seemed a telling metaphor for the state of American manufacturing and General Electric’s role in it. Deal Journal caught up with John Jowers, an expert WSJ.com: Deal Journal Fri, 16 May 2008 20:14:16 GMT http://news.myspace.com/business/hedgefunds/item/17474215 http://news.myspace.com/business/hedgefunds/item/17467317 A large investment in the GE appliances brand would certainly be expensive; it would also have a relatively low return even if it were successful, because appliances, even when you're a global powerhouse, are a pretty low-margin business. The hardest nut to Portfolio: Market Movers Fri, 16 May 2008 17:01:46 GMT http://news.myspace.com/business/hedgefunds/item/17467317 http://news.myspace.com/business/hedgefunds/item/17463063 Mr Sants was referring, of course, to “very complicated securitised products” - like CDO-squareds - “which arguably weren’t understood by those buying them and not necessarily understood by the senior management of the banks that were selling them.” (FT Alphaville FT.com Alphaville: Today Fri, 16 May 2008 15:26:35 GMT http://news.myspace.com/business/hedgefunds/item/17463063 http://news.myspace.com/business/hedgefunds/item/17478394 Congress Passes Farm Bill Containing CFTC Reauthorization HedgeWorld Fri, 16 May 2008 23:04:41 GMT http://news.myspace.com/business/hedgefunds/item/17478394 http://dealbook.blogs.nytimes.com/2008/05/16/attention-cnet-shoppers/ CNET has negotiated a rather unique provision that gives it more leeway than usual to find another, higher bidder. But under the merger agreement, if any potential bidder does contact CNET or its representatives, then CNET can respond by providing information and engaging in substantive discussions. NYTimes: DealBook Fri, 16 May 2008 12:19:52 GMT http://dealbook.blogs.nytimes.com/2008/05/16/attention-cnet-shoppers/ http://news.myspace.com/business/hedgefunds/item/17476779 I am a former model who has "traded" in the glamorous but brainless world of modeling for the #1 Brokerage House in the world. [craigslist] Handicapping the 'WSJ' Editor Search [Portfolio] DealBreaker.com Fri, 16 May 2008 22:15:54 GMT http://news.myspace.com/business/hedgefunds/item/17476779 http://news.myspace.com/business/hedgefunds/item/17474283 The HSR Act expires for British drug company GlaxoSmithKline's $720 million purchase of Sirtis Pharmaceuticals; Draxis Health shareholders will vote on the proposed merger with drug maker Jubilant; and retailers Target, Home Depot, Limited Brands, Gap, and DealScape Fri, 16 May 2008 20:50:08 GMT http://news.myspace.com/business/hedgefunds/item/17474283 http://news.myspace.com/business/hedgefunds/item/17470139 In a bit of maneuvering designed to plug every last hole in the tortured deal, Clear Channel has set up checks and balances to make sure the deal closes even if shareholders reject the stub. Clear Channel is giving shareholders the chance to choose either WSJ.com: Deal Journal Fri, 16 May 2008 18:14:19 GMT http://news.myspace.com/business/hedgefunds/item/17470139