FA Notes Tuesday November 23, 2010
November 23rd, 2010
GM – Prince Alwaleed Bin Talal bought $500 million worth of GM stock in its IPO. Link
ORCL SAP – Oracle wins $1.3 billion jury award from SAP over copyright infringement. Link
SAC Capital wrote a letter to its investors that it received a government subpoena. Link
JCG – J. Crew gets $43.50/share cash bid from TPG Capital and Leonard Green. Link
October existing home sales 4.43M, -2.2% m/m
Q3 GDP deflator 2.3% vs. 2.3% previous estimate
Q3 GDP 2.5% vs. 2.0% previous estimate
Trading 101 by Mad Hedge Fund Trader. A good read. Link
SAC Capital was up 29% in 2009 and up 11% in 2010 through October 31st. Link
North Korea fires artillery at a South Korean island killing 2 and injuring more than a dozen. Link
Categories: FA Observations