The U.S. Navy suspended access to classified information for two of its top admirals handling intelligence matters after putting them on leave this week pending a review of allegations connected to a bribery investigation.
The best mentoring advice Ed Norton ever received was “don’t chase money,” he said last night within earshot of Third Point’s Dan Loeb, T2 Partners’ Whitney Tilson and Blue Ridge Capital’s John Griffin.
Argentina agreed to compensate five companies that won rulings over investment disputes as the nation looks for the World Bank to approve $3 billion in loans, sparking the biggest bond rally in emerging markets.
Aquarius Platinum Ltd., the world’s fourth-largest producer of the metal, said it may idle the Blue Ridge mine and instead expand its Everest operation in South Africa at a cost of about 850 million rand ($125 million).
Hedge funds led by Paulson & Co. and Maverick Capital are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in the rebound.
American International Group Inc. extended its streak of gains to the longest since March as John Griffin’s Blue Ridge Capital LLC and Daniel Loeb’s Third Point LLC disclosed stakes in the bailed-out insurer.