The Wall Street Journal reports that UK billionaire financier Joseph Lewis has accumulated even more of Bear Stearns stock. Entities controlled by Lewis now own 9.6% of the firm.
Back in the early days of HITC Life (that would be July, the month we launched), we ran a few articles we're pretty sure you didn't read. To give them a bit more life - and to help you kill some valuable work time - we offer them up once again.
Here's a note of the stories which made the headlines in May and June 2007.
Here's a note of some of the stories which hit the headlines in January and February 2007.
Here's a note of some of the stories that were hitting the headlines in March and April 2007.
Reuters reports that a Cessna plane carrying Michael Klein, the founder of US hedge fund Pacificor LLC, his 12-year-old daughter Talia, her 13 year-old friend Francesca Lewis, and a Panamanian pilot, disappeared from radar Sunday after leaving an island Klein owns off the coast of Panama.
The Wall Street Journal reports that Merrill Lynch is to sell $4.4bn of common stock (with an option for $600m more) to Temasek, the Singaporean state owned investment company. And Fund manager Davis Selected Advisors will buy $1.2bn of common stock too. The firm has also sold its Chigaco-based capital lending business to General Electric, freeing up $1.3bn in capital.
The New York Post reports that the $854m fourth-quarter loss reported last week by Bear Stearns has given risen again to speculation that the firm might be a takeover target. Bear managed a mere 1.8% return on equity for its 2007 fiscal year, after fixed income losses and revenue falls (prime brokerage revenues fell some 17%).
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Leeds United manager Marcelo Bielsa could not contain his delight at beating Middlesbrough.
Mikel Arteta's Arsenal might need a new creative kingpin - could Red Bull Salzburg's Dominik Szoboszlai be the next hero of the Emirates?
Ryan Kent was reunited with the Rangers manager Steven Gerrard at Ibrox 18 months ago.
Liverpool beat West Ham United 3-2 on Monday night.
Rangers beat Braga 1-0 in the Europa League on Wednesday.
Tottenham Hotspur youngster Harvey White is regarded as one of the best young players breaking through at the club.
Jurgen Klopp's Liverpool side managed to complete one of the greatest Champions League come backs last season.
Liverpool boss Jurgen Klopp can sign Timo Werner for £50 million this summer, with a release clause built into his RB Leipzig contract.
The Tottenham Hotspur loanee is continuing to struggle on loan.
Steven Gerrard’s Glasgow Rangers have won in the Europa League this evening.