Top of the Morning – Paulson “Made a Mistake”, Groupon IPO, Zynga IPO

US Currency Bill Passes Senate 63-35 (FT)

A bill that aims to punish Beijing for holding down its currency passed the Senate on Tuesday despite a warning from China that the legislation could plunge the global economy into a 1930s-like depression.

largest hedge funds in the world

AIG Offers Reputation Insurance (WSJ)

After taking heaps of blame for the financial crisis and accepting a $130 billion government bailout to survive, American International Group Inc. knows a thing or two about bad publicity. Now it wants to help others weather such storms—for a price.

Dollar Falls (WSJ)

The dollar came under significant pressure across the board in European trading hours Wednesday as hopes for a plan to recapitalize ailing European banks boosted confidence in the euro and other risk-sensitive currencies such as the Australian dollar.

European Banks Require 9% Capital Ratio (FT)

European authorities plan to set a higher than expected capital threshold for the region’s banks and give them six to nine months to achieve that level or face government recapitalisations under the auspices of the eurozone’s €440bn rescue fund, senior regulators said.

Casadei and Frazzetto Charged in Tax Evasion Case (WSJ)

Two Swiss bankers were charged Tuesday by federal prosecutors with allegedly helping wealthy U.S. clients hide their money from the Internal Revenue Service, the latest move in a multiyear crackdown by U.S. authorities on Swiss financial institutions.

News Corp Under Scrutiny (FT)

News Corp is facing a new wave of scrutiny of the fall-out from the News of the World scandal in the coming weeks, as new testimony to UK officials investigating phone hacking coincides with rising shareholder pressure on the US media group and its UK affiliate, British Sky Broadcasting.

Blackberry Disruptions Continue (WSJ)

BlackBerry users around the world experienced further disruptions in service Wednesday, the third consecutive day of problems that have now spread further into Asia.

Volcker Proposal Released (WSJ)

Wall Street trading appears headed for an inhibited new era after the U.S. government on Tuesday outlined a rule sharply limiting banks’ ability to make bets with their own capital.

Julius Baer in Tax Probe (FT)

Julius Baer has become directly embroiled in a US probe into allegations that Swiss private bankers helped rich Americans evade tax, after the group on Wednesday admitted it was the unnamed bank in a new indictment.

Alcoa Weaker than Predicted (WSJ)

Alcoa Inc. reported third-quarter earnings far short of analysts’ recently reduced forecasts as slower global economic growth and a drop in prices weighed down the aluminum maker.

HPQ May Cancel Spinoff (WSJ)

Hewlett-Packard Co. is rethinking its plan to spin off its personal-computer division, as fresh analyses show the costs might outweigh the benefits, according to people familiar with the matter.

Beijing and Moscow Invest in Russian Direct Investment Fund (FT)

China’s main sovereign wealth fund will invest $1bn with its Russian counterpart, in a move that will be matched by the Russian Direct Investment Fund as it sees its first capital commitment since it was established in June.

Paulson Tells Investors, “We Mad a Mistake” (WSJ)

John A. Paulson had a simple message on Tuesday to investors in his ailing hedge fund: “We made a mistake.”

Groupon and Zynga Prepare for IPOs (NYTimes)

Both Groupon and Zynga are slowly stumbling toward their initial public offerings. But don’t feel sorry for either company — it’s largely their own fault.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!