Saturday, October 24, 2009

10/25 Yahoo! News: Business

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Land deal advisor resigns from Calpers: report (Reuters)
October 24, 2009 at 5:09 pm

Reuters - The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, according to news reports.

Probe widens in Galleon case to SAC Capital: report (Reuters)
October 24, 2009 at 12:19 pm

Galleon hedge fund partner Raj Rajaratnam (L) is escorted by FBI agents after being taken into custody in New York October 16, 2009. REUTERS/Brendan McDermidReuters - Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.



Blackstone prepares Merlin float for early 2010: source (Reuters)
October 24, 2009 at 11:22 am

Reuters - Private equity firm Blackstone is preparing to float theme park operator Merlin Entertainments next year, hoping to take advantage of buoyant equity markets, a source familiar with the situation said.

Saudi SABB bank books $94 mln for Q3 loan losses (Reuters)
October 24, 2009 at 4:48 am

Reuters - SABB bank (1060.SE), HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.
 

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