Author Archives: Lisa Jimenez

Harbin Electric, Inc. (NASDAQ:HRBN) Reports Reaffirmation of ‘Going Private’ Bid

On June 10, 2011, Shares of Harbin Electric, Inc. (NASDAQ:HRBN) surged after receiving a letter from its Chairman and Chief Executive Officer, Mr. Tianfu Yang (“Mr. Yang”), and Abax Global Capital (“Abax”) reaffirming a going-private proposal at $24.00 per share … Continue reading

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Ally Financial Inc. Postpones IPO

On Friday, A six-week stock decline had caused Ally Financial Inc. to delay the initial public stock offering that had been scheduled for late June. The $5 billion to $7 billion IPO by the former finance arm of General Motors … Continue reading

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WellPoint Agrees to Buy CareMore

On Wednesday Health insurer company WellPoint Inc.  proposes to buy CareMore, a California company offering coverage catering Medicare Advantage plans  where the grounds of the deal were not revealed. The New York Times in its report reported that the Indianapolis … Continue reading

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Traders Shift Focus on OPEC’s Meeting

Prices of Oil slid in the earlier session as analysts are a\estimating that OPEC would increased the output quota to compensate the lost supply from Libya. Observably according to a Gulf delegate’s statement made yesterday, OPEC will raise its production … Continue reading

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Paulson’s bets Not Paying Off as in the Past

Even though John Paulson has its other portfolios getting along well, his one of the biggest funds has booked fresh losses last month. John Paulson is a hedge fund manager. He watches nearly $37 billion in assets at Paulson & … Continue reading

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