Hedge fund titan John A. Paulson has grabbed the attention of world by being on the NYTimes) cover page of Bloomberg Businessweek, but with caveats. The cover page has a post-it note Plastered over his face with the words “The Big Loser.” John Paulson’s flagship fund lost 52% for 2011. For the current year, the fund has lost 10%. Even gold, which was a hot performer, is not delivering returns to compensate. The founder and manager of...
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“There’s a misperception that the prepaid market is only for people that are economically challenged. That’s not the case. Our expectation, based on preorders, is that the iPhone will do very well on Virgin.” These were remarks from Sprint Nextel Corporation (NYSE:S) CEO, Dan Hesse, at interview following Virgin Mobile’s (currently owned by sprint) move into the iPhone prepaid wireless market, reports Bloomberg. Virgin Mobile, Sprint Nextel Corporation (NYSE:S)’s separately run brand, has joined Leap in the...
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