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Former top T. Rowe Price manager to launch Baltimore hedge fund
Kris H. Jenner, the manager of T. Rowe Price Health Sciences Fund until his resignation in February, has raised more than $100 million to launch a Baltimore-based hedge fund, Bloomberg News reported. The hedge fund, which will be called Rock Springs...
Tags: T. Rowe Price, Bloomberg L.P.
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In KPMG insider trading case, crime and blunders alleged
It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of...Tags: Criminals, Lawyers, Punishment, Media Industry, Scott London
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Obama advocacy group collects mostly from small donors
WASHINGTON — The nonprofit advocacy group that was formed to back President Obama's agenda, which was sharply criticized as a potential conduit for wealthy interests to influence the White House, has been financed overwhelmingly by thousands of...Tags: DreamWorks Animation SKG Incorporated, Washington, DC, Warner Bros. Entertainment, Inc., Berkshire Hathaway Inc., Interior Policy
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Defense witnesses take the stand in Martinovich trial
A top deputy of Jeffrey A. Martinovich said Wednesday he was unaware of any role the former financial service company CEO had in inflating the value of a solar company in which a Martinovich hedge fund owned a large stake. Kevin Cadieux was at Langley...Tags: Financial and Business Services, Langley Air Force Base, New York City, Companies and Corporations, Economy, Business and Finance
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NBA panel: Kings should stay in Sacramento
The NBA's Relocation Committee unanimously recommended that the NBA Board of Governors deny the application of the Sacramento Kings to relocate to Seattle. It is a major victory for Sacramento in its bid to keep the Kings. The Board will meet the week...Tags: Government, San Antonio Spurs, Micky Arison, Miami Heat, Elections
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Herbalife posts better-than-expected earnings, again
Los Angeles nutritional products company Herbalife Ltd. reported $1.1 billion in first-quarter sales and profit that soundly beat analysts' expectations and its own guidance. The company reported earnings of $118.8 million, or $1.10 a share, up from...
Tags: Earnings, Fraud, Economy, Business and Finance, Carl Icahn, David Einhorn
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Don't blame computers; blame humans
Economist Paul Krugman has questioned whether the economic malaise of the last five years could correctly be labeled as “the Excel Depression.” The short version of this theory is that a spreadsheet coding error led a couple of respected...
Tags: Housing and Urban Planning, The Herald-Mail, Media Industry, Investments, Interior Policy
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Risky alternative investments not for the faint of heart
With interest rates near record lows, older savers are finding it harder to stomach bank CDs or Treasury bonds. But Belvidere, Ill., retiree Miles Fryar would be having fewer sleepless nights if he had parked his cash in those traditional investment...
Tags: Financial and Business Services, 401K, Investments, Union League Club, Tool (music group)
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George Soros takes 7.9% stake in J.C. Penney, stock soars
Billionaire financier George Soros seems to be showing faith in J.C. Penney’s chances at a turnaround, taking a 7.9% stake in the struggling retailer. The hedge fund titan bought nearly 17.4 million shares through his Soros Fund Management,...
Tags: JC Penney Company Inc., George Soros, Ron Johnson
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Former MICG auditor defends Martinovich
NEWPORT NEWS — A former auditor for a Newport News investment management firm testified Thursday that there was nothing wrong with the company's chief executive being involved in "a discussion" about the value one of the firm's holdings. Michael...Tags: Lawyers, Accounting and Auditing, Newport News (Newport News, Virginia), Prosecution, MICG Investment Management
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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: University of Delaware, Fraud, KPMG, Annual and Special Corporate Meetings, Companies and Corporations
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Herbalife to reassure investors
Herbalife Ltd., battling a billionaire investor's bet that its stock will tank, is expected to reassure shareholders at the company's annual meeting Thursday that the Los Angeles nutritional products maker is a strong, healthy, legitimate operation. The...
Tags: Fraud, Economy, Business and Finance, Carl Icahn, Justice System, Stock Market
Apr 16, 2013
|Story| Baltimore Sun
Apr 11, 2013
|Story| Los Angeles Times
Apr 12, 2013
|Story| Los Angeles Times
Apr 25, 2013
|Story| Hampton Roads Daily Press
Apr 29, 2013
|Story| Chicago Tribune
Apr 29, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Herald Mail
Apr 28, 2013
|Story| Chicago Tribune
Apr 25, 2013
|Story| Los Angeles Times
Apr 25, 2013
|Story| Hampton Roads Daily Press
Apr 26, 2013
|Story| Los Angeles Times
Apr 25, 2013
|Story| Los Angeles Times
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