Unstructured Finance

Tyrone Gilliams now tries his hand at the law

June 5, 2011

By Matthew Goldstein

Tyrone Gilliams, the self-styled online preacher, hip-hop promoter and commodities trader, who an investor claims misappropriated his $4 million, is now trying to be a lawyer.

Deals wrap: A deal brewing

June 3, 2011

Molson and Mexico’s Grupo Modelo are exploring a joint bid for Australia’s Foster’s Group, a source says, amid talk further suitors may emerge for the maker of VB and Cascade beer.

Jobs and housing

June 3, 2011

By Matthew Goldstein

The jobs picture in the U.S. just got markedly worse based on the May unemployment report. And as long as job growth remains sluggish, anemic, pathetic–insert your own adjective–the housing market will remain in the dumps as well.

Bankex falls 1.5 pct

June 2, 2011

The BSE Banking index ended the day down 1.5 percent with stocks like Yes Bank and ICICI falling more than 3 percent.

The ties that bind Dan Loeb and Jim Chanos

June 2, 2011

By Matthew Goldstein

Dan Loeb and Jim Chanos may not be the best of friends, but a five-year-old stock manipulation lawsuit filed by a Canadian insurer has revealed a one-time alliance of sorts between the hedge fund managers.

Deals wrap: Interest in Borders

June 2, 2011

Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group’s remaining stores, the Wall Street Journal reports, citing people familiar with the matter.

Deals wrap: Selling U.S. banks

June 1, 2011

The Smart Money 30 group of top hedge funds spent the first quarter unwinding positions in major banks, one of their most successful bets of 2010, and shifting toward investments that can prosper in weaker economic times, like deep discount retailers. Find Reuters’ quarterly package of Smart Money stories here.