November, 2007

Paulson & Co. Shifts Bets to Corporate-Debt Losses

November 30, 2007 10:52 pm

John Paulson, the manager whose credit hedge funds gained an average of 440 percent this year on bets against subprime mortgages, said corporate debt will be the next to fall ... Read more »

Barkin Fires Back at Ex-Husband Perelman

7:18 pm

  Ellen Barkin’s agents have fired back at ex-husband and Revlon cosmetics mogul Ronald Perelman, calling his lawsuit against the actress and her brother “a cynical abuse of the legal ... Read more »

Bloomberg, Obama Dine Together in NYC

7:10 pm

Mayor Michael Bloomberg has promised not to play favorites in the presidential race, but he can’t seem to stay away from it — he and Democratic candidate Barack Obama ... Read more »

Citadel in $2.55bn E-Trade injection

7:02 pm

Citadel, the hedge fund company run by billionaire Ken Griffin, swooped to take advantage of another distressed company in the battered financial sector, pumping $2.55bn into troubled online brokerage E-Trade. ... Read more »

Zander steps down as Motorola chief executive

Filed under Hedge funds, Carl Icahn
7:01 pm

Ed Zander, the embattled chief executive of Motorola, has stepped down from his post as the mobile phone company struggles to contend with a slump in market share. Mr Zander, ... Read more »

Northern Rock Falls on Report Flowers May Withdraw

6:55 pm

Northern Rock Plc, the U.K. bank bailed out by the Bank of England in September, declined as much as 11 percent in London trading today after Sky News said J.C. ... Read more »

Implenia, Tchigirinsky Form Russian Property Venture

6:54 pm

Implenia AG, Switzerland’s largest builder, said billionaire Chalva Tchigirinsky bought a 2.7 percent stake and joint venture with the building company of the Russian investor was founded to develop Russian ... Read more »

Facebook Gets $60 Million Additional Investment From Li Ka-Shing

November 29, 2007 10:06 pm

Facebook has closed another big tranche of its planned funding round, this time from an unlikely source: Hong Kong billionaire Li Ka-shing, who has made an investment of $60 million, ... Read more »

Deripaska, St. Petersburg Sign $20 Billion Investment Accord

8:58 pm

Russian billionaire Oleg Deripaska and partners including Hochtief AG agreed to invest $20 billion in St. Petersburg, President Vladimir Putin’s hometown, amid a government push to upgrade Soviet-era infrastructure.Deripaska signed ... Read more »

Ho aims to raise $1bn with casino flotation

7:04 pm

Stanley Ho, the Macao tycoon, is launching his gaming company’s longdelayed initial public offering as he seeks to fend off overseas challengers in the world’s largest gambling market. Mr Ho’s ... Read more »

Perelman Sues Ex-Wife Barkin, Claiming She Took Funds

6:55 pm

  Billionaire Ronald Perelman sued his ex-wife, actress Ellen Barkin, and her company, Applehead Pictures LLC, saying she misappropriated funds to finance personal expenses, including a lawsuit she filed against ... Read more »

Paulson Housing Bets Make $2.7 Billion, Beat Citadel

3:56 pm

The subprime crisis that’s caused so much trauma for hedge funds and investment banks has brought only good news for John Paulson. He’s the manager of more than $7 billion ... Read more »

Marvell cuts 400 jobs, posts loss

November 28, 2007 11:23 pm

Amid a loss for the quarter, Marvell Technology Group Ltd. plans to reduce its headcount by 400 employees, or approximately 7 percent of the company’s total workforce. The workforce reduction ... Read more »

Billionaire conservationist buys giant Colo. ranch

11:13 pm

 The Trinchera Ranch in the San Luis Valley has changed hands — from a man worth almost $500 million to billionaire hedge-fund manager Louis Moore Bacon. Steve Forces said he ... Read more »

Triumph of a billionaire tabloid king

7:02 pm

A billionaire tabloid king, a divided family of heirs to one of the world’s most prestigious newspapers and a cast of seasoned Wall Street dealmakers sound like characters for a ... Read more »

Simons at Renaissance Cracks Code, Doubling Assets

9:31 am

On a hot afternoon in September, Renaissance Technologies LLC founder Jim Simons is too busy to take a phone call. It is, he says, from Cumrun Vafa, a preeminent ... Read more »

Google to enter clean-energy business

November 27, 2007 10:25 pm

what a clowns these two guys. Stick to what you know or you are going to kill the goose that laid the golden egg for you boys. Look at the stock ... Read more »

Climb runs risk of exhaustion

10:02 pm

Fifty-nine year old Wang Shi is the kind of person one might expect to try to climb Cho Oyu, the world’s sixth tallest peak, without an oxygen mask. An avid ... Read more »

Branson to put £200m of his own money into Northern Rock

8:44 pm

Sir Richard Branson is to put £200m (€280m) of his own money into the rescue of Northern Rock as part of the deal he sealed during a weekend telephone call ... Read more »

Blackstone chairman defends buy-outs

8:43 pm

Stephen Schwarzman, Blackstone chairman , told the CBI conference in London on Monday that private equity was “here to stay” and defended it as a way to spread globalisation’s gains ... Read more »

Fugitive billionaire set for Georgia presidential polls

12:29 pm

 fugitive Georgian tycoon, accused of organizing a coup attempt in Georgia, has applied to be registered as a candidate for early presidential elections January 5, election authorities said Monday.Badri Patarkatsishvili, ... Read more »

Introducing Valentina Paloma Pinault

12:27 pm

  Actress Salma Hayek, 41, introduces her daughter Valentina Paloma, 9 weeks, in a photo taken last Tuesday. Salma and her fiance, PPR CEO François-Henri Pinault, 45, welcomed their baby girl on September 21st. read the rest published by Celebrity Baby Blog here: http://www.celebrity-babies.com/2007/11/introducing-v-1.html

PAUL MCCARTNEY’S NEW ROSE

Filed under Romance, Paul McCartney
12:27 pm

  All he needs is love - and these days, Paul McCartney seems as if he can’t get enough of it. The Billionaire Beatle was photographed this week holding hands ... Read more »

Texas billionaire Wyatt agrees to 2 years in jail

10:49 am

Texas billionaire Oscar Wyatt should serve 18 to 24 months in prison for bribing Iraqi oil officials, prosecutors in the United Nations oil-for-food case say. On Oct. 1, 83-year-old Wyatt ... Read more »

Mexico Begins Antitrust Probe of Mobile-Phone Market

9:54 am

Mexico’s antitrust regulators started an investigation of market dominance in the country’s mobile-phone industry, challenging the power of billionaire Carlos Slim’s America Movil SAB.The Federal Competition Commission is reviewing the ... Read more »

Indian Billionaire Adani Adds $4.4 Billion With IPO

9:49 am

 Indian property magnate Gautam Adani just added $4.4 billion to his personal fortune.   Adani’s Mundra Port & Special Economic Zone Ltd. more than doubled on its first trading day in ... Read more »

Oprah Winfrey to Stump for Obama

November 26, 2007 10:44 pm

Oprah Winfrey will join Democrat Barack Obama again on the campaign trail, this time visiting the early contest states of Iowa, New Hampshire and South Carolina, the candidate’s campaign said ... Read more »

Buffett To Host Fund-Raiser For Clinton

11:18 am

The billionaire investor known as the Oracle of Omaha, Warren Buffett, is staging a second big fund-raiser to boost Senator Clinton’s presidential campaign.The event, billed as a lunch and conversation ... Read more »

Northern Rock Favors Virgin Offer; Treasury Approves

9:38 am

 Northern Rock Plc, the U.K. mortgage lender bailed out by the Bank of England two months ago, said the government backed Richard Branson’s Virgin Group Ltd. as the preferred bidder ... Read more »

Billionaire aged 84 swaps bride, 23, for a YOUNGER woman!

November 25, 2007 10:00 am

  They said it wouldn’t last… and it didn’t. Joe Hardy, an 84-year-old billionaire, plans to divorce his 23-year-old manicurist wife - for an even younger model.   In the end ... Read more »

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