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Paulson Retains Large Bank Stakes (BAC, C, JPM, WFC)
Tuesday, May 18, 2010 - 4:55pm | 207Noted hedge fund manager John Paulson added 16.8 million Bank of America (NYSE: BAC) shares to his kitty during the period ended on March 31. He is among Bank of America’s (NYSE: BAC) biggest shareholders. According to a statement filed with the regulatory authorities, Paulson also bought 17...
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MGM Jumps on Paulson Stake; Puts Purchased (MGM)
Tuesday, May 18, 2010 - 10:02am | 115Shares of MGM Mirage (NYSE: MGM) are higher by 4.58% today after John Paulson of Paulson & Co. reported a 40 million share stake in the casino operator. The stock is now struggling to hold the 50-day moving average, though with support like Paulson behind it, the stock now is relegated to the...
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Goldman To Fund Starwood For Extended Stay Bid (GS, C, BX)
Monday, May 10, 2010 - 6:08pm | 165Goldman Sachs (NYSE: GS) is close to finalizing a financing deal with Starwood Capital Group. Under the deal, Goldman (GS) would assist Starwood in bidding for hotel chain Extended Stay Inc. The deal is expected to be worth $2.2 billion. Goldman is collaborating with Citibank on the transaction....
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BRIEF: John Paulson Bullish on Housing
Monday, May 10, 2010 - 12:09pm | 94CNBC is reporting that hedge fund manager and multi-billionaire, John Paulson. Of Paulson & Co. is looking for the U.S. housing market to appreciate 3-5% this year and 8-12% in 2011. These figures are broadly higher than where the rest of the Street is estimating. John Paulson is most recently...
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Gasparino Says Goldman Settlement Likely To Be Between $1-$5 Billion (GS)
Thursday, May 6, 2010 - 10:30am | 113Fox Business News' Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) will likely settle the civil fraud case brought against the firm by the SEC for between $1 billion and $5 billion. Goldman (GS) has been accused of misleading clients with regard to a synthetic CDO that the firm...
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Goldman Hid Information: Former Moody Executive (GS)
Friday, April 23, 2010 - 6:29pm | 145A former Moody’s executive said that Goldman Sachs (NYSE: GS) had hid the information about their collaboration with Paulson & Co. Eric Kolchinsky, a former team managing director at Moody’s, said, “I did not know that and I'm fairly sure that my staff did not know either." Kolchinsky was...
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Paulson Buys 13% Stake In American Capital (ACAS)
Monday, April 19, 2010 - 4:09pm | 172American Capital (NASDAQ: ACAS) has agreed to sell 13% of itself to John Paulson. The markets reacted favorably to the news, sending American Capital (ACAS) stock up 14%. The deal will provide the company with resources to restructure its debt. American Capital had offered $295 million worth of...
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Ulterior Motive Behind Today’s Selloff?
Friday, April 16, 2010 - 12:09pm | 244With news that Goldman Sachs (NYSE: GS) is being investigating regarding inaccuracies in their disclosure documents for sub-prime mortgages, the S&P 500 is plummeting. Currently it is down nearly 21 handles to 1,191. Volatility is skyrocketing, up nearly 20% on the session, Gold Futures are off...
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Update: Goldman Sachs Plummets
Friday, April 16, 2010 - 11:15am | 154Goldman Sachs (NYSE: GS) is plummeting by over 9.23% this morning on news that the SEC will be investigating the company regarding “Fraud on Subprime Mortgages.” The news also involves John Paulson of Paulson & Co., a major hedge fund, who is being accused of shorting CDOs and CMOs, which were...
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Breaking News: Goldman Sachs Plummets
Friday, April 16, 2010 - 10:54am | 91Breaking News: Goldman Sachs Plummets Goldman Sachs (NYSE: GS) is plummeting by over 9.23% this morning on news that the SEC will be investigating the company regarding “Fraud on Subprime Mortgages.” The news also involves John Paulson of Paulson & Co., a major hedge fund, who is being accused...
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Trend Following: Consider Getting Short The Euro And Treasuries (FXE, TLT, TBT)
Friday, March 26, 2010 - 2:20pm | 607Two trends that have been working for awhile now are being short the Euro, and short U.S. treasuries. Although both of these trades are crowded, there is a good chance that short positions in these assets will continue to pay off. There is no doubt that the wolves are circling around the European...
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Meredith Whitney Says John Paulson Is Wrong On Bank of America (BAC, XLF)
Thursday, November 19, 2009 - 9:56am | 173Meredith Whitney of Meredith Whitney says Paulson & Co's John Paulson is wrong on Bank of America (NYSE: BAC). John Paulson is the hedge fund manager who bet right on the subprime crisis and then in turn got long the financials, Financial Select Sector SPDR (ETF) (NYSE: XLF), at the right time...
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John Paulson Launching Gold Fund (GLD, GDX)
Wednesday, November 18, 2009 - 1:03pm | 66Paulson & Co's John Paulson is looking to take even a bigger position in gold. John Paulson is set to launch a new fund after the new year focused entirely on gold. John Paulson will be investing $250 million of his own money into the new fund. SPDR Gold Trust (ETF) (NYSE: GLD) is trading up...
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John Paulson Doubles His Cadbury (CBY) Stake
Tuesday, November 10, 2009 - 2:59pm | 48Paulson's John Paulson doubles his Cadbury (NYSE: CBY) stake the same day Kraft Foods (NYSE: KFT) launched its formal offer for CBY. Paulson's fund bought 14.8 million shares at 759.59 pence, increasing his total stake to 28.5 million or 2.08% of Cadbury.
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Conseco (CNO) Enters Into Deal With Paulson & Co.
Tuesday, October 13, 2009 - 4:07pm | 47Conseco (NYSE: CNO) announced it entered into a deal with John Paulson's Paulson & Co., where Paulson & Co. will purchase warrants in Conseco.Conseco (NYSE: CNO) announced it entered into a deal with Paulson & Co., where Paulson & Co. will purchase warrants in Conseco.