Russia crisis hits Pimco Fund, wipes out options as ruble sinks
From Newsmax After the single worst day in Russia’s nine-month-old financial crisis, the fallout is spreading across global markets. Pacific Investment Management Co. is facing mounting losses on its Russian bond holdings; almost every bullish ruble option contract registered in…
Marijuana growers sprout on Wall Street as pot goes public
By Andy Fixmer From Mashable Derek Peterson may soon become the first CEO of a public company that cultivates, distributes and sells marijuana. Terra Tech Corp., based in Irvine, California, won approval last week from the Securities and Exchange Commission…
Challenges mushroom for embattled HDG Mansur chief [and Cayman Islands funds]
By Greg Andrews From IBJ Most of the real estate developers who have left a big stamp on Indianapolis have had an audacious streak. That was certainly true of Mansur principals Harold Garrison and Cornelius Alig, whose headline-grabbing projects downtown…
Beastie Boys fight to keep $1.7 million Monster Energy award
By Marc Hogan From Wandering Sound Way back when the Beastie Boys were young upstarts getting censored on American Bandstand and banned for trashing Holiday Inn suites, anyone who predicted they’d be spending much of their future in courtrooms probably…
Barclays Moves to Dismiss AG’s Suit Over ‘Dark Pools’
By Suevon Lee, New York Law Journal Barclays is challenging the authority of New York’s top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its “dark pool,” or…
Two sides trade jabs in debate over Major League Soccer stadium at PortMiami
By Patricia Mazzei From Miami Herald Miami-Dade County got a peek Sunday at the acrimony it can expect over the next weeks and perhaps months as two sides faced off in a testy debate over potential Major League Soccer stadium…
To evade taxman, hop on a bike [don’t stash cash in Caymans]
By Catey Hill, MarketWatch Sen. Chuck Schumer proposes tax break for bike commutes What does using a bike-share program have in common with stashing cash in the Cayman Islands? Both may soon be tax shelters. U.S. Senator Chuck Schumer (D-New…
