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FBI confirms raid of two hedge funds

Tue, 23/11/2010 - 06:48 by Prince damin

Stamford, Conn. -- The FBI confirmed Monday that it raided the office of two hedge funds in Connecticut as part of an insider-trading probe.

The Wall Street Journal reported the raids were conducted at Level Global Investors LP in Greenwich and Diamondback Capital Management LLC in Stamford as part of the largest insider trading investigation the FBI has ever tackled.

A spokesman for Level Global said "agents … visited our offices this morning as part of what we believe to be a broader investigation of the financial services industry."

The spokesman said the firm was "cooperating fully … and, at the same time, we are fully operational and continue to work diligently for the benefit of our investors."

Dollar gains, weighs on gold

Tue, 16/11/2010 - 10:06 by Prince damin

New York -- The dollar rose, putting pressure on the price of gold Monday, which lost $6.50 in late trading to $1,359 per troy ounce.

The dollar index swung higher, climbing 0.69 percent, as the dollar gained against the euro, the yen, the rupee and the krona.

The price of oil on the New York Mercantile Exchange lost 25 cents from a prior settlement to $84.63 per barrel.

The dollar's decline was partly attributed to the euro's slide. Just as financial troubles in Greece did earlier in the year, concern over government debt in Ireland has eroded confidence in the currency shared by 16 nations, including Ireland, Germany, France, Spain and Italy.

Crude oil prices top $85 per barrel

Mon, 15/11/2010 - 22:41 by Prince damin

New York -- Crude oil prices rose in early trading Monday, climbing above $85 per barrel as stock markets showed gains in Asia and Europe.

The Nikkei 225 index added 1.06 percent while the Shanghai composite index in China gained 0.97 percent Monday. Markets also rose in Britain, France, Germany and Sweden.

On the New York Mercantile Exchange, December delivery crude oil added 27 cents to $85.15 per barrel. Heating oil prices gained 1.44 cents to $2.3782 per gallon. Reformulated gasoline blendstock prices rose 2.03 cents to $2.2302 per gallon.

Henry Hub natural gas lost 4.3 cents to $3.756 per million British thermal units.

Kenya to open first Africa carbon exchange

Sat, 13/11/2010 - 06:39 by Prince damin

Nairobi, Kenya -- Kenya says it is launching Africa's first carbon exchange to facilitate the trading of carbon credits and help tackle climate change.

The market will enable all African countries to sell and trade their carbon credits, the BBC reported Friday.

Carbon dioxide is one of the main gases causing climate change, scientists say, and such exchanges, where polluting industries in rich countries pay for clean development projects in poor countries, are one way to offset carbon emissions.

Experts say Africa will be badly affected by climate change even though most of the greenhouse gases that cause it are produced in the West and Asia.

Innophos Holdings Shares Plunged: What You Need to Know

Thu, 04/11/2010 - 12:23 by Travis Hoium

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Impax Laboratories Shares Plunged: What You Need to Know

Sat, 30/10/2010 - 11:50 by Travis Hoium

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Sourcefire Shares Plunged: What You Need to Know

Fri, 29/10/2010 - 12:39 by Anders Bylund

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Forget Buy and Hold; Think Buy and Short

Thu, 28/10/2010 - 12:10 by Matthew Argersinger

 I'm going to let you in on a little secret. Most stocks stink.

 

Lexmark Shares Plunged: What You Need to Know

Wed, 27/10/2010 - 12:14 by Anders Bylund

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Royal Caribbean Shares Popped: What You Need to Know

Wed, 27/10/2010 - 12:11 by Travis Hoium

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Isilon Systems Shares Popped: What You Need to Know

Fri, 22/10/2010 - 11:26 by Anders Bylund

 Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Terex Shares Plunged: What You Need to Know

Fri, 22/10/2010 - 11:21 by Brian D. Pacampara

 
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.