Kylin Management has increased its position in NQ Mobile Inc (ADR) (NYSE:NQ), giving it a 6.2% stake in the company, according to a recent 13G filing. Kylin already had a small stake in the company, but is now clearly taking a bullish position, increasing from 346,500 to 9,569,980 common shares with 7,190,370 shares in its Offshore Fund and another 2,375,610 shares in separately managed accounts.
Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) is set to invest $3 billion for Burger King Worldwide Inc (NYSE:BKW)’s proposed takeover of Canadian coffee-and-doughnut chain Tim Hortons Inc. (NYSE:THI) (TSE:THI) and... read more
Market Levels US: Dow: 12878.90 (-0.71%), S&P 500: 1365.00 (-0.74%), NASDAQ: 2909.77 (-0.36%) Europe: CAC: 3232.46 (-2.76%), DAX: 6606.09 (-2.25%), FTSE: 5662.30 (-0.89%). Asia-Pacific: Australia: 4269.50 (0.16%), China: 2111.18 (-0.58%), Hong... read more
Goldman Sachs has been slapped a $50 million fine by New York’s state banking regulator for failing to properly supervise a former employee who stole secret supervisory information from... read more
This article utilizes (among other sources) letters to investors from Bill Ruane's early years in the 1970s and 1980s which were found in archives and have never appeared on... read more
China Government Bonds via LST The following got my attention: The People’s Bank of China said in a statement on its website Wednesday that most types of overseas financial institutions will... read more
Annual inflation in the Organization for Economic Co-operation and Development (OECD) stood at 1.95 percent in July 2013. This was the fourth consecutive increase on a monthly basis. The... read more
FOX Business Network (FBN) keeps making strides, despite having two-thirds the reach of CNBC. Lou Dobbs has been garnering consistent wins over Larry Kudlow for the 7pm timeslot in... read more
According to a 13-D filed on July 12th, Elliott International Capital Advisors Inc. and associated groups own 8.7% of the outstanding shares in Compuware Corporation (NASDAQ:CPWR). Elliott has been... read more
Chinese leverage has reached worrying proportions. This commentary isn’t new. Hedge fund managers and market analysts have been providing variations of this analysis for years. What is new in the... read more
Cooper Creek Partners looks, smells and feels like a noncorrelated value hedge fund, with the exception of one key component. The long / short equity strategy, up 5.6% in... read more
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