William J. Patterson, a prominent San Francisco investor and philanthropist who led the effort to revitalize the California Academy of Sciences, died on Friday. He was 48 and had suffered from a brain tumor. Mr. Patterson, known as Bill, was the P in SPO Partners, a low-profile but highly successful investment firm with $8 billion [...]
Washington Mutual must face a trial over who owns $4 billion in low-ranking debt before the bank can end its bankruptcy, Bloomberg News reported. A United States bankruptcy judge has scheduled a trial of the investor lawsuit for Nov. 1. That date coincides with the first day of a confirmation hearing on WaMu’s reorganization proposal. [...]
With such instantly recognizable brands as Skype and General Motors planning initial public offerings, investor interest is picking up. But, advisers worry that familiarity will rope in investors whose emotional responses lead to overpaying. According to The Wall Street Journal, advisers’ are concerned that the stock values of some of the flashy upcoming I.P.O.’s have [...]
Yet another foreign investor is looking to tackle a British soccer club. Ahsan Ali Syed, who head Bahrain-based Western Gulf Advisory, is looking to be the next owner of Premier League team The Blackburn Rovers, The Financial Times reported. The Rovers, who finished 10th in the league last season, issued a statement on Tuesday confirming a [...]
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