Paulson Reveals Details Of Hartford Filings Split

  Updated 3/12/12 at 12:23PM with regardings HIG's position on John Paulson's proposal: New details emerged on Friday concerning the splitting of Insurer Hartford Filings into two separate groups. John Paulson, manager of the hedge fund Paulson & Co. which owns the largest share in the insurer, revealed more specific details [...]

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Swaps On Greek Credit-Default Swaps Are Now Active

The International Swaps and Derivatives Association announced today that Greece’s debt restructuring will activate payouts on credit-default swaps. There had been speculation that the plan would not set off the swap payouts, a state of affairs that analysts said would reduce the effectiveness of the debt restructuring plan. Greece’s [...]

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Markets Rally on Strong Job Data – Market News

Every afternoon ValueWalk provides an update on global market levels, economic news, and hedge fund news. US:  Dow: 12944.42 (0.28%), S&P 500: 1373.54 (0.56%), NASDAQ: 2992.09 (0.73%) Europe: CAC: 3487.48 (0.26%), DAX: 6880.21 (0.66%), FTSE: 5887.49 (0.47%). Asia-Pacific: Australia: 4212.00 (0.98%), China: 2439.46 (0.79%), Hong Kong: 21086.00 (0.88%), India: 5333.55 (2.17%), Japan: 9929.74 (1.62%). Metals: [...]

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Apple to Build Texas Campus, Tech Companies Creating Jobs

On Friday, Apple Inc. (APPL) announced plans to build a new $304 million campus in Austin. The investment will bring 3,600 new jobs over the next 10 years. The company currently has a presence in the Texas city, already employing thousands of workers who review customer complaints and offer support. With [...]

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Mario Gabelli Unhappy With Clear Channel Money Swap Agreement

Mario Gabelli’s mutual fund Gabelli & Co. has lodged an objection with Clear Channel Outdoor (NYSE:CCO) after a decision by that company to move up to $1 billion in payments to its parent company Clear Channel Communications. 89% of  the Outdoor business is owned by Clear Channel Communications while [...]

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London Stock Exchange (LSE) Buys Part of Clearinghouse

London Stock Exchange Group (LON:LSE) said Friday that it would be buying a 60% stake in LCH.Clearnet, the independent clearinghouse for 463 million euros ($612 milion). This trend of financial exchanges trying to make big purchases has been popular lately as the big exchanges look to get profit margins back [...]

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Ziggo To Raise €745 Million In IPO On March 21

Dutch cable company, Ziggo said that it will be filing for an initial public offering to try to raise 745 million euros ($989 million) which would be the largest so far this year. Ziggio is currently owned by private equity firms Warburg Pincus and Cinven and currently the agreement is [...]

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Quest Software Being Taken Private By PE Firm, Venture Partners

Corporate IT and database applicant, Quest Software has agreed to be taken private by private equity firm, Insight Venture Partners.  The offer would value $2 billion and would give shareholders $23 per share.  That is a 19% premium to the company’s close on Thursday. Quest will still have its standard [...]

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Trade Deficit at 50.4 billion After Analysts Predict $48 billion.

  The Census Bureau along with the United States Commerce Department’s Bureau of Economic Analysis today released the monthly trade deficit report. The deficit for January is pinned at $50.4 billion. Economic analysts had been anticipating a result of $48 billion. These new figures come after December’s report showed a [...]

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Unemployment Figures Released, 8.3%

The United States Bureau of Labor statistics released employment figures for February today, Friday. The report says that the number of employed has increased by 227k and that employment figure is now at 8.3%. A Gallup poll yesterday had predicted unemployment would rise to 9.1% today while mos  t [...]

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Greek Bond Holders Agree to Swap: Morning News

Every morning ValueWalk puts out a news report with the latest news in global stock markets, company news, and global economic news. Market Action   US:  Dow Futures: 12837.00 (0.71%), S&P 500 Futures: 1358.70 (-0.15%), NASDAQ Futures: 2630.25 (-0.10%) Europe: CAC: 3471.94 (-0.18%), DAX: 6844.10 (0.14%), FTSE: 5851.38 (-0.14%). Asia-Pacific:Australia: 4212.00 (0.98%),China: 2439.46 (0.79%),Hong Kong: [...]

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Massive Solar Storm Hits Earth, No Impact Reported

Did you wear sunscreen today? We normally don’t take care of our skin because we don’t mind the sunlight or the mighty sun can do to us as we should. Solar storms might not affect our skin but they do affect other things around us. What then? Well the storm [...]

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Wells Fargo Announce To Charge A $7 Fee For Checking Accounts

On Thursday, Wells Fargo (WFC) announced that six additional states will now charge a $7 fee on checking accounts. So much for a revolt against checking account fees. In a move to discontinue free checking accounts, Wells Fargo has slowly been weaning states away from it. Beginning in 2010, the bank [...]

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Oil Rises For The Second Day – Market Update

Market Action   US:  Dow: 12905.29 (0.53%), S&P 500: 1364.90 (0.91%), NASDAQ: 2968.28 (1.11%) Europe: CAC: 3478.36 (2.47%), DAX: 6834.54 (2.39%), FTSE: 5859.73 (1.17%). Asia-Pacific:Australia: 4171.00 (0.66%),China: 2420.28 (1.05%),Hong Kong: 20900.73 (1.31%),India: 5220.45 (-0.04%),Japan: 9768.96 (1.97%). Metals: Gold: 1697.40 (0.80%), Silver: 33.74 (0.45%), Copper: 3.79 (0.52%) Energy: Crude Oil: 106.67 (0.48%), Natural Gas: 2.25 (-2.17%) Commodities: [...]

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Hedge Funds Look to Continue Strong Start

When hedge fund managers look back on 2011, they will not be pleased by the unflattering losses that were accumulated throughout the year. On the contrary, 2012 is different, so far. Hedge funds are doing much better with an average gain of 4.3% so far this year. According to [...]

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Google Celebrates International Women's Day With A Colorful Doodle

The International Women’s Day (IWD) was originally called International Working Women’s Day, is celebrated on March 8th of every year. It is an international holiday that was first celebrated as a national holiday on February 28th of 1909, after a declaration of the Socialist Party of America. Then on March [...]

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No Smiles for McDonald's: February Sales Numbers Miss the Mark

On Thursday, McDonald's reported its monthly report and said that it missed its February global sales number. McDonald's (NYSE:MCD) saw a 7.5 percent rise in February sales at its global restaurants (open a minimum of 13 months). This came in below analysts estimates between 7.7 percent and 8.2 percent. Europe, which is second [...]

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