Mon, Mar 16th, 2009
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Fortress Investment Group LLC's fourth-quarter net loss ballooned as the hedge-fund operator set aside $299 million for the potential clawback of obligations and the write-down of various assets.
Meanwhile, the company continued to suffer under a continued surge in redemptions and falling asset values as the hedge-fund operator amended its credit facility and repaid $125 million in borrowings to $604 million.
Related stories from top sites:
Daimler rallies on $2.7 billion Abu Dhabi investment
Mar 22nd, 2009 - MarketWatch
LONDON (MarketWatch) -- Shares of Daimler climbed as much as 8% Monday after Abu Dhabi's Aabar Investments agreed over the weekend to invest 1.95 billion euros ($2.7 billion) in the luxury-car maker.
Michael Likosky: A Drinking Water-Backed Economy
Mar 22nd, 2009 - The Huffington Post
As politicians and pundits continue to pillor Wall Street and the Beltway for bad investments, on this week's Meet the Press, David Gregory welcomed a new group of investment advisers, "Building America's Future"...
Obama Relies on Private Help to Buy Illiquid Assets
Mar 22nd, 2009 - Bloomberg
March 23 (Bloomberg) -- The Obama administration willannounce details of a plan today to expand the $700 billionrescue of the financial system that will rely on enticingprivate investors to buy the troubled assets clogging banks’balance sheets.
Abu Dhabi Becomes Biggest Investor In Daimler Chrysler, Taking 9.1% Stake
Mar 22nd, 2009 - The Huffington Post
Daimler AG, the world's second- largest maker of luxury cars, will sell 1.95 billion euros ($2.7 billion) of shares to Abu Dhabi's Aabar Investments PJSC, raising cash...
Asia DayAhead: Aabar Buys 9.1% Daimler Stake for $2.7 Billion
Mar 22nd, 2009 - Bloomberg
March 23 (Bloomberg) -- U.S. stocks posted the first back-to-back weekly rallies of the year after the Federal Reservesaid it will buy $1 trillion of bonds and a report showed thelongest streak of declining home construction in 18 years ended.




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