Saturday, 1 November 2014
Last updated 16 hours ago
Mar 19 2010 | 9:08am ET
Elliott Management Corp. has dropped out of the running for movie studio Metro-Goldwyn-Mayer.
The hedge fund, which was considering a bid along with Relativity Media, have decided not to pursue the troubled, debt-laden studio. The number of suitors for MGM continues to be whittled down, as Liberty Media Corp. is also said to have lost interest.
Private equity firm Qualia Capital, in partnership with News Corp., has proposed a restructuring of the studio’s debt instead of a sale. Six companies are expected to make binding offers for MGM.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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