Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super- political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed.
Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, dropped in its trading debut after pricing its initial public offering at the low end of an expected range.
The U.S. Treasury Department has had Ally Financial Inc. in a regulatory headlock since its 2008 bailout. As the government sells shares in an initial public offering, Ally will soon breathe again -- and take on more risk.
Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, is helping the Treasury Department divest its stake by seeking as much as $2.7 billion in an initial public offering.
A rent-controlled sulky senior held out so long at the site of future 15 Central Park West that the exhausted developers finally gave him millions and a new apartment (which he immediately cluttered up with junk).
Daniel Loeb, whose Third Point LLC is increasing pressure on Sotheby’s by proposing three directors to the board, said he’s willing to work with Chief Executive Officer William Ruprecht and senior management.