Billionaire Lewis buys Bear Stearns stake
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Joseph C. Lewis, who became a billionaire trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock over the past two months.
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Bank sues Wall Street firm Bear Stearns for fraud and deception over loss of hundreds of millions of dollars
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Bear Stearns Cos. Inc.  on  Friday replaced the head of its asset management business after  two of the investment bank&#39;s hedge funds hit rock bottom by  making bad bets on risky mortgages.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up $860.4 million worth of the investment bank's sagging stock to become one of its largest shareholders in less than a month.
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U.S. investment banks Morgan Stanley   and Lehman Brothers  are among the bidders for a  stake in Japanese house builder Daito Trust Construction Co  (1878.T), sources familiar with the deal said, in what could  stack up to be one of the biggest buyouts ever in Japan.
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Bear Stearns Cos  shares soared  7.7 percent on Wednesday on a report that several investors,  including Warren Buffett, may buy part of the Wall Street  investment bank.
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Warren E. Buffett agreed Tuesday to buy a $4.5 billion stake in Marmon Holdings, an industrial holding firm, with the goal of someday owning all of it.
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The Carlyle Group has agreed to sell a minority stake to the Abu Dhabi government in a transaction that values the Washington-based private equity giant at nearly $20 billion. The deal will expand Carlyle&#8217;s capital base and its ties to a region that is raising its financial profile around the world. It could also [...].
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Bear Stearns Cos Inc  on  Tuesday turned to its star investment banker, Alan Schwartz, to  replace James Cayne as chief executive and revive the company's  badly damaged mortgage franchise.
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BBVA  took a fresh step toward  its long-held ambition to grow in the United States on Friday  when it said it had agreed to buy U.S. bank Compass Bancshares  Inc  for $9.6 billion.
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U.S. investment banks Morgan Stanley  and Lehman Brothers  are among the bidders for a stake in Japanese house builder Daito Trust Construction Co , sources familiar with the deal said, in what could stack up to be one of the biggest buyouts ever in Japan.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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Billionaire US investor Warren Buffett has built up an 8.6% stake in Kraft Foods, making him its largest shareholder.
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British billionaire Joseph Lewis has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock.
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Bear Stearns Cos. Inc.  on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, raising concern about other funds that invested in bonds linked to subprime mortgages.
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The investor Joseph Lewis disclosed that he had increased his stake in Bear Stearns to 9.57 percent.
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NEW YORK/SHANGHAI  - Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.