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Monday, August 22, 2011 - 11:13am
Did Hewlett-Packard Become A Day Trader?
Last week, Hewlett-Packard (NYSE: HPQ) made the decision to spin off its computer business, and discontinue supporting and creating new products based on its acquisition of Palm, and its WebOS operating system. WebOS was supposed to save HP and let it compete with Apple (NASDAQ: AAPL) and Google's...
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Wednesday, July 20, 2011 - 11:48am
Blue Horseshoe Loves E-Trade
Shares of E*Trade Financial Corp. (NASDAQ: ETFC) are soaring this morning, after the company received a letter from its largest shareholder, Chicago-based Citadel LLC telling the company to call a shareholder meeting to maximize value. The hedge fund is the largest shareholder of E*Trade, owning...
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Citadel Expects No Surprised From Texas Instruments in 2Q11 Mid-Quarter Update Today
Wednesday, June 8, 2011 - 8:07amAccording to a recent report from Citadel, Texas Instruments (NYSE: TXN) is expected to provide a 2Q11 mid-quarter update after the market closes today. Citadel expects no surprises from TXN and remain concerned about the health of the business moving forward. Citadel reiterates Reduce rating and $...
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Citadel Raising Stake In AnnTaylor Stores (ANN)
Friday, April 8, 2011 - 9:16amCitadel Investment Group and Ken Griffin have disclosed they have raised their stake in AnnTaylor Stores Corp. (NYSE: ANN) to 5.7%, up from 2.7% at the end of the fourth quarter. Shares of AnnTaylor Stores closed at $29.88 yesterday, and are rising in pre-market trading, to over $30 a share. ANN...
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Ken Griffin's Letter To Investors
Monday, December 27, 2010 - 12:56pm
The New York Times DealBook has Ken Griffin's letter to investors of Citadel Investment Group. In the letter, Griffin talks about the four main lessons that Citadel lives by: - Hire the best people and create a culture of opportunity. – Take calculated risks. – Embrace opportunities. – Never lose...
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Charlie Gasparino On Citadel
Wednesday, November 24, 2010 - 1:19pmCharlie Gasparino tweeted that it's business as usual at Citadel Investment Group, the large hedge fund run by Ken Griffin. Yesterday Citadel was named in the FBI insider trading case, along with several other prominent hedge funds. SAC Capital, Diamondback and Loch Capital were also targets. The...
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Citadel Considers Cutting Fees
Friday, September 17, 2010 - 2:28pm
The hedge fund industry has had its share of hard times since the financial crisis of 2008. Closed shops, massive redemptions, massive blowups. Now one of the largest is considering cutting fees as a result of it. Citadel Investment Group may consider cutting its fees from the standard 2 and 20....
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A Look At Citadel's Portfolio (ETFC, GOOG, AAPL, GPS)
Tuesday, May 25, 2010 - 9:02pm
Citadel Investment Group is a global financial institution which operates a number of different businesses, including equity options market making, hedge fund administration, investment banking advisory, and a fund of funds business that deploys capital with unaffiliated managers. The firm was...
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Citadel Sells 172 Million Shares of E*Trade
Thursday, April 29, 2010 - 9:42amE*Trade Financial Corporation (NASDAQ: ETFC)announced today that it priced its secondary offering of 172 million shares at $1.75; the proceeds of the transaction go directly to Citadel Investment Group and are not going to E*Trade. The offering was oversubscribed by 2 million shares. This offering...
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Hedge Fund King Who Lost Billions Asking For More Billions
Friday, November 20, 2009 - 11:44am
Hedge fund giant Kenneth Griffin lost $8 billion in investors’ money last year, but the Wall Street Journal says he is now trying to persuade investors to trust him with more money. Griffin explains a loss of $8 billion of other people's money by saying he showed human fallibility, which...
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