U.S. Day Ahead: SAC's Steven Cohen goes for damage control
Tuesday, November 27, 2012 - 02:45
Nov 27 - Wednesday is all about hedge fund superstar Steve Cohen and how he'll reassure the world SAC Capital's $14 billion dollar business is squeaky clean when the firm holds a call with investors.
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On Wednesday it's all about hedge funds superstars even when and how he'll reassure investors his fourteen billion dollar business. As squeaky clean as -- capital is getting ready to hold a private college and investors. The game. Damage control after one of its former portfolio manager Matthew Mark -- was charged in 278. Million dollar insider trading case. Prosecutors have done did the most lucrative scheme under. And that at the owner signed off on one of the deals with Steve Collins hasn't been accused of any wrong doing and affirmed says it's cooperating. Authorities. If I'd have been asked to call given unprecedented in the hedge fund industry had much to do it along to talk about performance it is is -- exciting -- One of the most secretive hedge fund industry. Does not want to -- has an excellent as widely disseminated on the streets. Another CEO faces -- thirtieth shareholder this time Microsoft's Steve -- and company's annual meeting of the records of how -- would likely be peppered by questions about why the new windows -- answer this Clinton hasn't take in the market storm. Going into Black Friday didn't appear to be -- hot commodity according to Italy and it gives us all only 8% of those asked they would actually I tablet. I was number one gadget. Microsoft shares have reflected in the lack of enthusiasm for its offerings languishing in the mid twenties -- anything. Hear from another bonds amid tight tight end and on the Japanese the he's speaking at a conference on cloud computing Las Vegas in the third quarter and it bounced back about two point seven million dollars on shipping warehouses and technology to support this place into the clouds. Investors have given the strategy that thumbs up and Amazon is up over 35% -- the beginning of the year. You weren't he can't escape from these days fiscal -- President Obama is back on the campaign trail trying to promote his plan of raising taxes on those making over a quarter million dollar he'll make an appearance -- -- the middle class Americans and also mean more business leaders. So Smart not much progress has been made in avoiding 600 billion dollars worth of tax hikes and spending cuts back again at the end of the year. Your big economic report for Wednesday is the Fed's Beige Book and look at it clear picture of how much damage your response to any inflicted in the northeast. New York and New Jersey say they need over 71 billion dollars to recover from the devastation. I count that -- candy costlier and Hurricane Katrina. -- it and tighter racing for more on the top market -- and I'm putting mom this is greater.
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