by | Oct 27, 2010 | Towing
Highbridge Capital Management, which is owned by J.P. Morgan Asset Management (JPM), said it will buy a majority interest in Brazilian hedge fund Gavea Investimentos.
Gavea has $6 billion under management and was founded by Arminio Fraga, former president of Brazil’s central bank, Highbridge said in a statement. Fraga is currently the fund’s chief investment officer.
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“This has been…
Continue reading JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund
JPMorgan’s Highbridge Capital Takes Stake in Brazil Hedge Fund originally appeared on DailyFinance on Wed, 27 Oct 2010 08:28:00.
Filed Under: Company News, People, Investing, JP Morgan Chase
by | Oct 27, 2010 | Towing
Sprint-Nextel Corp (S) reported a loss of 30 cents per share for the third quarter, compared with a loss of 17 cents per share in 2009.
Revenues rose 1% to $8.2 billion, the company said in a statement.
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The increased loss was partly due to the company subsidizing customer upgrades to phones capable of working on its new network.
Sprint had “elevated subsidy levels as part of the…
Continue reading Sprint-Nextel Loss Grows to 30 Cents Per Share
Sprint-Nextel Loss Grows to 30 Cents Per Share originally appeared on DailyFinance on Wed, 27 Oct 2010 08:12:00.
Filed Under: Company News, Technology, Earnings, Media, Sprint Nextel Corp, Retail
by | Oct 27, 2010 | Towing
Procter & Gamble, seller of Tide laundry detergent, Gillette shaving products and Pringles chips, reported earnings declined 7% to $3.08 billion in the fiscal first quarter. Earnings from continuing operations, however, rose 2%…
by | Oct 27, 2010 | Towing
International Business Machines (IBM) is searching for a method that will cut devices’ power consumption by 90% and reduce so-called vampire energy – power used by machines when they are turned off.
IBM’s Zurich lab is developing a transistor to regu…
by | Oct 27, 2010 | Towing
Volkswagen (VLKAY) CEO Martin Winterkorn said the company is on track to overtake Toyota Motor (TM) as the world’s largest automaker.
The German company beat Toyota’s full-year profit goal in the first nine months.
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“The Volkswagen group continues to have its sights firmly set on capturing pole position in the automotive industry,” Winterkorn said in an e-mailed statement, according…
Continue reading Volkswagen on Track to Overtake Toyota, CEO Says
Volkswagen on Track to Overtake Toyota, CEO Says originally appeared on DailyFinance on Wed, 27 Oct 2010 07:34:00.
Filed Under: Company News, Technology, Earnings, Toyota, Autos, Retail
