John Paulson News
Dollar Tree Purchases Family Dollar for $8.5 Billion
The two rival discount retail stores came to a merger agreement.
US Officials: China Refuses to Help Stop Investment Scams
The Chinese government snubbed a U.S. request for help in cracking down on a string of alleged investment frauds that have cost Americans billions, outgoing Securities and Exchange Commission Chairman Mary Schapiro told ABC News. The lack of cooperation has stymied efforts to recoup investor
Billionaires Soros, Paulson Bet Big on Gold
Once again John Paulson is choosing to heavily invest in gold and fellow billionaire George Soros is making a similar bet. According to Bloomberg News, Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000...
DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and ...
Fundraising and Friending With Celebs and Wall Street, Does It Matter in the End?
At a time of high unemployment and economic uncertainty, does a presidential candidate friending and fundraising with the rich and famous matter to average voters? Republicans think so. And Democrats do, too. Both sides in the presidential election campaign are increasingly eager to lambaste the...
Fundraising Floodgates Opening For Romney
With Rick Santorum and Newt Gingrich out of the way, high-dollar Republican donors are able to open their wallets to both Mitt Romney’s campaign and the RNC Victory Fund at joint fundraising events all over the country. Several Romney fundraisers are now saying many of...
To Bill Maher, Super PACs Are the Designated Hitters
Self-described pot-smoking atheist funny person Bill Maher just gave $1 million to President Obama’s super PAC to inspire other rich liberals to do the same, and he has no regrets. But he does have a lot less money now. “It hurts my bank account,” Maher told...
U.S. Jobless Claims Near 4-Year Low
Matt Nesto explains how jobless claims, other factors affect world markets.
In Romney's Super Pac, the Hedge Fund Mavens Come Out to Play
The Super Pac that's been working to get Mitt Romney the GOP nomination raised $30 million last year, and 10 percent of it came from just three guys who run hedge funds in New York City. Paul Singer, Robert Mercer and Julian Robertson each donated $1 million to the Super Pac Restore Our Future,
The PAC Pack: The Men Behind the Money Behind the Candidates
Money has always been one of the more significant parts of elections, although the 2012 cycle has kept campaign finance lawyers, experts and critics busy because of the introduction of so-called super PACs. These political groups can raise as much money as they want, and then spend unlimited