British billionaire snaps up seven pct of Bear Stearns
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Investment 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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Apple Computer Inc. AAPL.O  rose 1.8  percent before the bell on Monday after Bear Stearns raised its  share price target on the company to $72 from $60.
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Joseph C. Lewis, the British billionaire who was once the largest shareholder in Christieâs, has built up a big stake in another well-known company: Bear Stearns.
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Lonmin led the way as the FTSE 100 powered to its highest close in almost seven years on Friday.
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Business & money: Wealth of world's super-rich soared at fastest rate for seven years last year.
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Bear Stearns earned a big slice of Wall Street's growing pie.
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British American Tobacco announced Thursday that net profits climbed 7.3 percent last year as the company was bolstered by rising sales in emerging markets.
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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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NEW YORK -- Bear Stearns Cos., the fifth-largest U.S. investment house, on Thursday reported robust capital markets and investment banking activity helped it achieve the best fourth quarter in the company's history.
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The yuan surged to a seven-month high against the US dollar Friday in offshore forwards markets on speculation that China may be preparing to loosen tight currency controls.
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These seven stocks pay dividends and deliver earnings growth.
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Joseph C. Lewis, who became a billionaire trading currency, 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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The Dow industrials rose to a record high on Monday amid a broad advance by stocks as takeover deals totaling more than $77 billion suggested to investors that equities could still gain further.
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New York Times Co.  shares rose as much as 7.5 percent on Wednesday and options traders cited unusual call volume on speculation billionaire investor Warren Buffett could build a stake in the company.
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The American millionaire yesterday splashed another Â£17million to buy a further six million shares to add to the Â£45m purchase he made late on Friday.
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China Construction Bank  said on Tuesday it was launching an initial public offer of shares that is expected to be China's biggest, raising more than $7 billion.
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The New York Times Co. stock jumped 7.5 percent yesterday, its biggest gain in almost six years, on reports that billionaire Maurice "Hank" Greenberg , former chairman of insurance giant American International Group, was snapping up shares of Times Co. in a bid to challenge its two-tier ownership structure.