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Receiver says Pang misused investor money
A California financier accused in a federal fraud lawsuit treated the investments he managed as a 'personal piggy bank' to fund a lavish lifestyle and used new investors' money to pay existing investors, a court appointed receiver said. Robert P. Mosier said... Related: California - Fraud - Business - Piggy bank - Financier
SF Gate

Hedge fund chief Crispin Odey ready to join tax exodus
HEDGE-FUND BOSS Crispin Odey has threatened to move his firm out of Britain to avoid the 50% income-tax rate on high-earners. He joins a growing list of Britain’s wealthy businessmen and C...
BBC

GMR Infra to raise up to $1 billion
Bangalore-based GMR Infrastructure, flagship company of the GMR Group, is planning to raise up to $1 billion to fund growth. The company's board, which met this evening here, decided to seek shareholders approval for this. An extraordinary general meeting (EGM) of the shareholders would be held on June 9, 2009, to pass an enabling resolution in this regard, a senior company official said.
Business Standard

Editorial: Big tax increase on global companies is a bad idea - San Jose Mercury News: Editorials
As President Barack Obama looks for ways to jump-start the economy and fund programs he promised voters, it's no surprise that he's eying major industry to help pay the freight.
NewsRack

IMF: Mideast growth to slide in 2009 - SFGate: Business & Technology
Economic growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the International Monetary Fund said Sunday.... ...
NewsRack

IMF: Mideast growth to slide in 2009 - AP Business
DUBAI, United Arab Emirates (AP) -- Economic growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the International Monetary Fund said Sunday....
NewsRack

Last resort for struggling homeowners is itself struggling - Dayton Daily News
Mildred Ratiliff of Dayton, pictured with Lucky, her 4-month-old Pembroke Welsh Corgi is getting help from the little-known Dayton Fund for Home Rehabilitation to help get a new roof on her home in th...
Big News Network

Global equities fund managers seek winners from economic downturn
INTERNATIONAL. Standard & Poor's Fund Services has found fund managers of global equities funds intent on searching for the companies which emerge as the winners from the economic downturn.
Business Intelligence Middle East

Bill Brings Federal Funds For Unemployment
The Kansas House has sent Gov. Mark Parkinson a bill that will bring $69 million in federal stimulus money to the Department of Labor to help with unemployment benefits.
Topix.net

Of Mutual Interest: Shakeout from collapse of money funds is just starting
It's not the sexiest investment around, but the money-market mutual fund has become a high-demand safe haven for those who can no longer stomach the stock market.
Seattle Post Intelligencer

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Archived "business - hedge funds" news stories.

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