Two former managers at Bear Stearns Cos. hedge funds were arrested at their homes Thursday morning by agents of the Federal Bureau of Investigation over their roles in the collapse of hedge funds that ignited the subprime mortgage crisis last year.on its Web site on Thursday.
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An Alberta Court has rejected a bid by New York City hedge fund Paulson & Co. to squeeze more money out of oil supermajor Total SA from its $1.67-billion takeover of oil sands start-up Deer Creek Energy Ltd. in 2005, calling the testimony of president John Paulson “unpersuasiveâ€, “unbelievable†and “patently erroneous†for such a sophisticated investor
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The Beijing government has raised retail gasoline and diesel prices on Thursday by up to 18%, a move that threatens to stoke domestic angst over decade-high inflation less than two months before Beijing hosts Olympics games.
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The Canadian bank’s future may include generating up to a 10th of its profits from Asian businesses as it continues to build out some of its niche banking operations in China.
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The fate of the world’s largest leverage buyout hangs in the balance ahead of Friday afternoon’s decision by the Supreme Court of Canada on whether BCE Inc. treated its bondholders unfairly in agreeing to a $34.8-billion takeover.
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The RCMP has charged former Nortel chief executive Frank Dunn and two other former top executives of the telecommunications giant with fraud-related charges.
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The summer travel season officially kicked off Memorial Day weekend. Not long after, gas topped $4 a gallon in some U.S. cities, but many travelers have not canceled their road trips.
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The main TSX index lost nearly 2% Thursday, as a sharp drop in the price of oil pulled energy shares lower and new inflationary fears also weighed on the market.
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Bank of Canada ‘can not be complacent’ on inflation and heed lessons from previous commodity booms, says Governor
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US 'making progress' against SE Asia terrorismABC Online, Australia - 22 hours agoKIM LANDERS: The US Secretary of State Condoleezza Rice is expected to travel to Asia later this month, a visit that could include stops in Japan, …Realism over idealism The AustralianUS cites ‘historic transformation’ in India ties as ‘accomplishment’ Thaindian.comall 6 news articles
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