Lewis Stays Bullish On Bear
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British billionaire adds to stake even after a big-fourth-quarter loss.
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The pound continued to climb, boosted by data out suggesting that the Bank of England&#39;s (BoE) 125 basis point rise in interest rates in the space of a year is still yet to bite.
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The billionaire Joseph C. Lewis has taken a 7 percent stake in Bear Stearns, acquiring $860.4 million worth of the investment bankâs sagging stock.
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London equities held up on Wednesday despite the FTSE 100 losing 29 points as a host of leading financial stocks traded without rights to the latest dividend payments.
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Investors bet that prices will keep climbing despite evidence of plentiful supplies, falling demand.
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Analysts expect continued growth despite a tough environment.
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Investor's Business Daily - The barbarians aren't sitting on the fence anymore. They're making leveraged buyouts.
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There is virtually nothing to stop the sharemarket from continuing on its record-breaking run this week - even the strong possibility of an interest rate rise in the world&#39;s largest economy is unlikely to dampen investor enthusiasm.
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The potential of a buyout and a big dividend are keeping AT&T upright.
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Investor's Business Daily - Wall Street loves it when a company says it can keep a good thing going.
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BERKELEY, California, October 2 (Reuters Life!) - Author Michael Lewis, who has written about bond trading, venture capital and baseball, returns to bookshelves this month with a new look at the evolution of professional football.
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The sharemarket will move into record territory this week despite an expected mixed opening tomorrow. Market watchers say shares will hit new highs because they remain cheap following the recent bumper profit and dividend season.
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The best stocks for a bear market can be the best ones for bull markets, too.
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Sergio Garcia took a confident step Friday towards winning an elusive first major by holding off the chasing pack to keep his lead at the halfway stage of the British Open.
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Funds controlled by British billionaire Joseph Lewis have amassed a seven percent stake in Wall Street investment bank and brokerage Bear Stearns, a US securities filing showed Monday.
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Investors should not underestimate this latest space race.
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Media & professional: Despite opposition, Rupert's $5bn bid for the Wall Street Journal is likely to succeed - with implications for British papers. James Robinson reports.