Despite the problems the industry faces from fractures in the sub-prime mortgage sector, some hedge funds continue to rake in big profits through astute stock trading, according to Hedge Fund Trades, the weekly e-newsletter from Dow Jones.
CV Therapeutics CEO in stock-trading plan with E-Trade
CV Therapeutics Inc. said Monday that its chairman and chief executive, Louis Lange, has entered a trading plan allowing for the sale of up to 50,000 common shares of the company. The Palo Alto, Calif., biopharmaceutical company said the trading plan signed Friday with a unit of E-Trade Financial Corp. replaces a trading plan that expired Saturday. In a filing with the Securities and Exchange
ChoicePoint Inc. fetches high purchase price
ATLANTA - ChoicePoint Inc., a 1997 spin-off of credit agency Equifax Inc., is being acquired by the parent of LexisNexis Group in a cash deal worth $3.6 billion. That is a big premium for a firm that has weathered an embarrassing breach of its database, federal investigations, and a stock-trading probe of its top two executives.
Check on anonymous investment flow
Mumbai, Oct 23: A plan by the government to restrict an avenue that allows foreigners to invest anonymously in India's soaring stock market may prove effective at moderating the unwanted side-effects of an unprecedented inflow of capital.
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