14 February, 2015 by The TZ Newswire Staff Comments Off on Meet The "AAPL Trading Guru" Who Blew Through 99% Of His AUM, Ending With Just $32,362.84
Meet The "AAPL Trading Guru" Who Blew Through 99% Of His AUM, Ending With Just $32,362.84
Several weeks ago we reported the amazing case of one Owen Li, a former portfolio manager of disgraced and incarcerated insider trader Raj Rajaratnam, whose Canarsie Capital had somehow managed to blow through 99.8% of its AUM in 9 months, starting with $100 million in March and finishing, literally, with $200,000, after suffering massive losses during the failed December “Santa Rally.” According to a letter he sent to investors, he “truly sorry,” for “acting
14 February, 2015 by The TZ Newswire Staff Comments Off on U.S. whistleblower summoned to testify in UBS case in France
U.S. whistleblower summoned to testify in UBS case in France
A former UBS AG (UBSN.S) banker who helped U.S. authorities prosecute the Swiss bank in a tax fraud case has asked for permission to travel to France to comply with a subpoena in another investigation of the company, according a court document. Bradley Birkenfeld, who received more than $100 million for being a whistleblower but also served 30 months in prison in the U.S. case, has been subpoenaed to take part in the French case later this month, according to a motion his lawyer filed in the U.S. District Court of Southern Florida.
14 February, 2015 by The TZ Newswire Staff Comments Off on Michele Ferrero, owner of Nutella empire, dies at 89
Michele Ferrero, owner of Nutella empire, dies at 89
Michele Ferrero, Italy’s richest man and the owner of a global chocolate and confectionery empire, died on Saturday, two workers within the company said. His death is likely to spur talk of succession and potential tie-ups at the family-controlled Ferrero group, which has continued to grow even through Italy’s longest recession since World War Two. The group, which makes chocolate-hazelnut Nutella spread, Ferrero Rocher pralines and chocolate Kinder eggs, is seen by analysts and bankers as Italy’s most valuable privately owned company.
14 February, 2015 by The TZ Newswire Staff Comments Off on Ballers go geek: How the NBA is embracing tech
Ballers go geek: How the NBA is embracing tech
Miami Heat’s Chris Bosh discussed Friday how technology and wearables contribute to his play on the court.
14 February, 2015 by The TZ Newswire Staff Comments Off on Blizzard warning issued for Boston
Blizzard warning issued for Boston
The National Weather Service has issued a blizzard warning for the snow-weary Boston area, with more than a foot of snow expected by Monday.
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14 February, 2015 by The TZ Newswire Staff Comments Off on Will China’s Currency Peg Be The Next To Fall?
Will China’s Currency Peg Be The Next To Fall?
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
I suspect China’s leadership is wary of unpegging the RMB for one reason: the FX market is too large to manipulate for long.
14 February, 2015 by The TZ Newswire Staff Comments Off on Chuck Jaffe: How Powerball can give you a happier Valentine’s Day (even if you don’t win)
Chuck Jaffe: How Powerball can give you a happier Valentine’s Day (even if you don’t win)
If you are in the mood with your Valentine this weekend, try this question: ‘What would you have done if you/we had won the $564 million lottery this week?’
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