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Thailand holds suspect in $100 million deli case
Read full article: Thailand holds suspect in $100 million deli caseA suspect wanted in in connection with an alleged stock manipulation scheme famously involving a small New Jersey delicatessen has agreed to voluntary extradition to the United States after being arrested last week on the resort island of Phuket.
Billionaire hedge fund manager Cohen agrees to buy Mets
Read full article: Billionaire hedge fund manager Cohen agrees to buy MetsFILE - In this Sept. 9, 2020, file photo, Citi Field is viewed at dusk before a baseball game between the New York Mets and the Baltimore Orioles in New York. Billionaire hedge fund manager Steve Cohen has agreed to purchase the Mets from the Wilpon family. (AP Photo/Kathy Willens, File)NEW YORK – Billionaire hedge fund manager Steve Cohen has agreed to buy the New York Mets from the Wilpon and Katz families. Cohen also entered negotiations to buy the Mets last year, but the deal fell apart in February. The limited partnership shares were sold after a proposed $200 million sale of a stake of the Mets to hedge fund manager David Einhorn fell through in 2011.
Elon Musk sends short shorts to detractor
Read full article: Elon Musk sends short shorts to detractor"Please allow us to send you a small gift of short shorts to help you through this difficult time," Musk wrote, invoking a jab he has used with Tesla short sellers, or investors who bet against a company's stock performance. Musk, who is known for publicly sparring with Tesla naysayers, previously sent Einhorn a box containing several pairs of short shorts, to which Einhorn responded with a sarcastic thank you via Twitter. Einhorn's Greenlight Capital has long had a large short position in Tesla, meaning it loses money when Tesla's stock performs well. When Tesla posted a surprise profit on October 23, sending its share price up 30%, Greenlight took a significant hit. One lawsuit filed by Tesla shareholders alleges Musk engineered the purchase of SolarCity, in which he was the majority shareholder, as a a bailout of the troubled solar panel company.