HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
By: Harbinger Capital Partners LLC, its Investment Manager
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: Senior Managing Director
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
By: Harbinger Capital Partners Special Situations GP, LLC, its General Partner
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: Senior Managing Director
SOL PRIVATE CORP.
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: President
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS GP, LLC
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: Senior Managing Director
HARBINGER CAPITAL PARTNERS LLC
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: Senior Managing Director
HARBINGER HOLDINGS, LLC
By:
/ S / P HILIP A. F ALCONE
Name:
Philip A. Falcone
Title: Managing Member
/ S / P HILIP A. F ALCONE
Philip A. Falcone
HGW US HOLDING COMPANY, L.P.
By: HGW US GP Corp., its General Partner
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: President
HGW US GP CORP.
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: President
HGW HOLDING COMPANY, L.P.
By: HGW GP, Ltd., its General Partner
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: President
HGW GP, LTD.
By:
/ S / P HILIP A. F ALCONE
Name: Philip A. Falcone
Title: President
Sunday, February 20, 2011
Saturday, February 19, 2011
Boeing Co. To Launch Lightsquared Satellite
"Weekly News Roundup: Boeing Co. (NYSE:BA)
Categories: Roundups
Posted on 19 February 2011 by Felice Medders
Here’s a round-up of Boeing Co. (NYSE:BA) stock briefings from this week. Boeing Co. (NYSE:BA) stocks ended the week at 73.04 (as of 2/18/2011).
Weekly News Roundup: Boeing Co. (NYSE:BA)
Monday 14 February
Boeing (NYSE:BA) has planned to introduce a new 747-8 intercontinental.
A report says that Boeing (NYSE:BA) will introduce its largest passenger plane ever.
The plane will use the chassis of a 747-8 Intercontinental, which initially came out as a freighter. The new plane is capable of seating 467 passengers, 51 more than the 747-400. It is also being reported that Boeing (NYSE:BA) got only 33 orders for the new plane.
However, Boeing (NYSE:BA revealed that the new 747-8 intercontinental will be quieter and will produce lower emissions and achieve better fuel economy than any other competing jetliner.
Tuesday 15 February
Boeing (NYSE:BA) has unveiled its new 747-8 Intercontinental passenger plane.
In the presence of 10,000 employees, government officials, customers, partners and suppliers, Boeing (NYSE:BA) company has rolled out new larger and more fuel-efficient version of its famous 747 series aircrafts.
Jim Albaugh , President and CEO of Boeing (NYSE:BA) Commercial Airplanes, said, “the aircraft “features the latest in innovative technologies—applying many of the breakthroughs also found on the 787 Dreamliner. We think our customers will value the low operating costs and passengers will enjoy the comfort of the striking new interior.”
Boeing Co.
73.04 +0.80 (+1.11%)
Intraday 3 Month 6 Month 1 Year
Wednesday 16 February
Boeing (NYSE:BA) has plans to increase the number of sales of 777 aircrafts.
Boeing (NYSE:BA) has planned to raise its 777 production from five to seven planes a month in the middle of this year and then to 8.3 a month in the first quarter of 2013.
Larry Loftis, the vice president and general manager of the 777 program at Boeing (NYSE:BA) said that, “The 777 today clearly is the market leader in the 300- to 400-passenger-seat marketplace. We’re going to continue to make sure that it stays that way.”
Thursday 17 February
Boeing (NYSE:BA) has completed the post-launch testing of the LightSquared satellite.
Boeing (NYSE:BA) is preparing to launch the first LightSquared satellite and Space-Based Network after the post-launch testing has been completed. The LightSquared SBN is an end-to-end satellite communications system that will prove Boeing’s (NYSE:BA) performance on large-scale integration programs.
‘Boeing (NYSE:BA) has delivered LightSquared’s SkyTerra 1 satellite after integrating the satellite’s communications with the ground segment to form the first integrated wireless broadband and satellite network,’ said Craig Cooning, vice president and general manager of Boeing (NYSE:BA)Space & Intelligence Systems.
Friday 18 February
Boeing (NYSE:BA) has accepted LightSquared’s SkyTerra 1 Satellite and the Space-Based Network.
Seeing the positive results of the post-launch test, Boeing (NYSE:BA) Space and Intelligence Systems has adopted LightSquared’s Skyterra 1 satellite and the accompanying Space-Based Network.
Boeing (NYSE:BA) has completed the integration work on the satellite’s communications with the ground segment.
The SkyTerra 1, one of the most powerful commercial satellites ever built, consists of a 22-meter L-Band antenna that will relay high-data rate radio frequency signals to and from four LightSquared terrestrial gateways located in the U.S. and Canada.
“The acceptance of our SkyTerra 1 satellite and successful network commissioning is a quantum leap forward toward creation of LightSquared’s next-generation integrated network, the world’s first to combine satellite and terrestrial technologies,” said Sanjiv Ahuja, chairman and chief executive officer for LightSquared.
We will be monitoring the Boeing Co. stock price for developments over the next few weeks."
Source of Post
Categories: Roundups
Posted on 19 February 2011 by Felice Medders
Here’s a round-up of Boeing Co. (NYSE:BA) stock briefings from this week. Boeing Co. (NYSE:BA) stocks ended the week at 73.04 (as of 2/18/2011).
Weekly News Roundup: Boeing Co. (NYSE:BA)
Monday 14 February
Boeing (NYSE:BA) has planned to introduce a new 747-8 intercontinental.
A report says that Boeing (NYSE:BA) will introduce its largest passenger plane ever.
The plane will use the chassis of a 747-8 Intercontinental, which initially came out as a freighter. The new plane is capable of seating 467 passengers, 51 more than the 747-400. It is also being reported that Boeing (NYSE:BA) got only 33 orders for the new plane.
However, Boeing (NYSE:BA revealed that the new 747-8 intercontinental will be quieter and will produce lower emissions and achieve better fuel economy than any other competing jetliner.
Tuesday 15 February
Boeing (NYSE:BA) has unveiled its new 747-8 Intercontinental passenger plane.
In the presence of 10,000 employees, government officials, customers, partners and suppliers, Boeing (NYSE:BA) company has rolled out new larger and more fuel-efficient version of its famous 747 series aircrafts.
Jim Albaugh , President and CEO of Boeing (NYSE:BA) Commercial Airplanes, said, “the aircraft “features the latest in innovative technologies—applying many of the breakthroughs also found on the 787 Dreamliner. We think our customers will value the low operating costs and passengers will enjoy the comfort of the striking new interior.”
Boeing Co.
73.04 +0.80 (+1.11%)
Intraday 3 Month 6 Month 1 Year
Wednesday 16 February
Boeing (NYSE:BA) has plans to increase the number of sales of 777 aircrafts.
Boeing (NYSE:BA) has planned to raise its 777 production from five to seven planes a month in the middle of this year and then to 8.3 a month in the first quarter of 2013.
Larry Loftis, the vice president and general manager of the 777 program at Boeing (NYSE:BA) said that, “The 777 today clearly is the market leader in the 300- to 400-passenger-seat marketplace. We’re going to continue to make sure that it stays that way.”
Thursday 17 February
Boeing (NYSE:BA) has completed the post-launch testing of the LightSquared satellite.
Boeing (NYSE:BA) is preparing to launch the first LightSquared satellite and Space-Based Network after the post-launch testing has been completed. The LightSquared SBN is an end-to-end satellite communications system that will prove Boeing’s (NYSE:BA) performance on large-scale integration programs.
‘Boeing (NYSE:BA) has delivered LightSquared’s SkyTerra 1 satellite after integrating the satellite’s communications with the ground segment to form the first integrated wireless broadband and satellite network,’ said Craig Cooning, vice president and general manager of Boeing (NYSE:BA)Space & Intelligence Systems.
Friday 18 February
Boeing (NYSE:BA) has accepted LightSquared’s SkyTerra 1 Satellite and the Space-Based Network.
Seeing the positive results of the post-launch test, Boeing (NYSE:BA) Space and Intelligence Systems has adopted LightSquared’s Skyterra 1 satellite and the accompanying Space-Based Network.
Boeing (NYSE:BA) has completed the integration work on the satellite’s communications with the ground segment.
The SkyTerra 1, one of the most powerful commercial satellites ever built, consists of a 22-meter L-Band antenna that will relay high-data rate radio frequency signals to and from four LightSquared terrestrial gateways located in the U.S. and Canada.
“The acceptance of our SkyTerra 1 satellite and successful network commissioning is a quantum leap forward toward creation of LightSquared’s next-generation integrated network, the world’s first to combine satellite and terrestrial technologies,” said Sanjiv Ahuja, chairman and chief executive officer for LightSquared.
We will be monitoring the Boeing Co. stock price for developments over the next few weeks."
Source of Post
Friday, February 18, 2011
Harbinger Said to Be Under SEC, DOJ Scrutiny
by Paula Schaap, Senior Reporter, November 15, 2010
by Paula Schaap, Senior Reporter, November 15, 2010
Harbinger Capital Partners is reportedly under scrutiny by the authorities because of a loan founder Phil Falcone took from one of his funds.
The Securities and Exchange Commission and U.S. Attorney have opened investigations into whether a loan allegedly taken by Falcone to pay his personal income taxes might have put other investors at a disadvantage, according to a Bloomberg report.
The loan allegedly came out of Harbinger’s special situations fund which, at that time, was closed to redemptions because its funds were tied up in the Lehman Bros. bankruptcy.
Harbinger did not return calls seeking comment on the report.
Last week, media reports said that Goldman Sachs was pulling $120 million out of Harbinger because of the loan as well as less than stellar performance at the hedge fund’s flagship fund.
Blackstone Group was another investor who opted to redeem itself out of the hedge fund, reports said.
Go to Bloomberg article
Related Stories
Goldman Said to Be Taking $120M Out of HarbingerD
Harbinger on the Offense About Wireless Plan
The Securities and Exchange Commission and U.S. Attorney have opened investigations into whether a loan allegedly taken by Falcone to pay his personal income taxes might have put other investors at a disadvantage, according to a Bloomberg report.
The loan allegedly came out of Harbinger’s special situations fund which, at that time, was closed to redemptions because its funds were tied up in the Lehman Bros. bankruptcy.
Harbinger did not return calls seeking comment on the report.
Last week, media reports said that Goldman Sachs was pulling $120 million out of Harbinger because of the loan as well as less than stellar performance at the hedge fund’s flagship fund.
Blackstone Group was another investor who opted to redeem itself out of the hedge fund, reports said.
Go to Bloomberg article
Related Stories
Goldman Said to Be Taking $120M Out of HarbingerD
Harbinger on the Offense About Wireless Plan
Falcone Raises $350M With Bond Sale
by Paula Schaap, Senior Reporter, November 19, 2010
by Paula Schaap, Senior Reporter, November 19, 2010
As investors pulled money from one of Harbinger Capital’s funds, Phil Falcone raised $350 million by selling bonds through a holding company he owns.
Harbinger Group issued the five-year notes this week, according to a regulatory filing.
Harbinger Group is a holding company, rebranded from Zapata, a wildcat oil drilling company founded by the family of former U.S. President George H.W. Bush that Falcone’s hedge fund firm acquired last year.
Its advantage to Harbinger Capital is that it can raise money in the public markets in a way that hedge fund firms cannot.
The note sale took place as investors, reportedly upset by a $113 million loan Falcone took from a fund to pay his personal tax return, at a time when the fund was frozen, are asking for their money back.
Goldman Sachs was said to be redeeming $120 million from the Harbinger special situations fund, while New York State Common Retirement Fund took out its $41 million investment.
Although Falcone is swinging for the fences with his dream of establishing a next-generation wireless network by backing telecommunications company LightSquared, the $350 million note sale isn’t part of that deal.
The note sale deal calls for Harbinger’s hedge funds to pass majority ownership of consumer goods company Spectrum Brands Holding -- best known for its George Foreman products -- to Harbinger Group.
The Spectrum acquisition was necessary for Harbinger Group to keep its listing on the New York Stock Exchange. NYSE had notified the company in August that it did not meet its requirements for listing companies.
Related Stories
Phil Falcone Pledges Art For Loan
Harbinger Said to Be Under SEC, DOJ Scrutiny
Harbinger Group issued the five-year notes this week, according to a regulatory filing.
Harbinger Group is a holding company, rebranded from Zapata, a wildcat oil drilling company founded by the family of former U.S. President George H.W. Bush that Falcone’s hedge fund firm acquired last year.
Its advantage to Harbinger Capital is that it can raise money in the public markets in a way that hedge fund firms cannot.
The note sale took place as investors, reportedly upset by a $113 million loan Falcone took from a fund to pay his personal tax return, at a time when the fund was frozen, are asking for their money back.
Goldman Sachs was said to be redeeming $120 million from the Harbinger special situations fund, while New York State Common Retirement Fund took out its $41 million investment.
Although Falcone is swinging for the fences with his dream of establishing a next-generation wireless network by backing telecommunications company LightSquared, the $350 million note sale isn’t part of that deal.
The note sale deal calls for Harbinger’s hedge funds to pass majority ownership of consumer goods company Spectrum Brands Holding -- best known for its George Foreman products -- to Harbinger Group.
The Spectrum acquisition was necessary for Harbinger Group to keep its listing on the New York Stock Exchange. NYSE had notified the company in August that it did not meet its requirements for listing companies.
Related Stories
Phil Falcone Pledges Art For Loan
Harbinger Said to Be Under SEC, DOJ Scrutiny
http://www.hedgefund.net/publicnews/default.aspx?story=12046
Investor Sues Falcone Over Share Swap
by Paula Schaap, Senior Reporter, December 23, 2010
by Paula Schaap, Senior Reporter, December 23, 2010
As though he hasn’t had enough grief to finish the year, hedge fund manager Phil Falcone is being sued by an investor over a stock swap he engineered.
Harbinger Group shareholder Alan Kahn, who has made a career out of shareholder lawsuits, sued in Delaware Chancery Court this week, according to Reuters.
The suit claims that a stock swap between Falcone’s holding company Harbinger Group and consumer products company Spectrum Brands Holding, which is owned by Falcone’s hedge fund, is unfair to shareholders.
Kahn’s attorney declined to comment further on the lawsuit.
Falcone used the swap as part of a bond sale that raised $350 million.
The share price of Harbinger Group has risen about 37% since Falcone arranged the swap, closing at $6.09 per share Wednesday.
A spokesman for Harbinger and Falcone said in a statement, “This is a thoroughly meritless lawsuit as to which we intend to seek dismissal at the earliest opportunity. This transaction was reviewed at Harbinger Group Inc. by an independent committee of directors advised by outside financial and legal advisors.”
But the lawsuit piles onto other troubles dogging the hedge fund manager. Investors, reportedly upset about a $113 million loan Falcone took from his special situations fund to pay a personal tax bill, have been pulling money out of the fund.
Go to Reuters article
Related Stories
Falcone Raises $350M With Bond Sale
Harbinger Group shareholder Alan Kahn, who has made a career out of shareholder lawsuits, sued in Delaware Chancery Court this week, according to Reuters.
The suit claims that a stock swap between Falcone’s holding company Harbinger Group and consumer products company Spectrum Brands Holding, which is owned by Falcone’s hedge fund, is unfair to shareholders.
Kahn’s attorney declined to comment further on the lawsuit.
Falcone used the swap as part of a bond sale that raised $350 million.
The share price of Harbinger Group has risen about 37% since Falcone arranged the swap, closing at $6.09 per share Wednesday.
A spokesman for Harbinger and Falcone said in a statement, “This is a thoroughly meritless lawsuit as to which we intend to seek dismissal at the earliest opportunity. This transaction was reviewed at Harbinger Group Inc. by an independent committee of directors advised by outside financial and legal advisors.”
But the lawsuit piles onto other troubles dogging the hedge fund manager. Investors, reportedly upset about a $113 million loan Falcone took from his special situations fund to pay a personal tax bill, have been pulling money out of the fund.
Go to Reuters article
Related Stories
Falcone Raises $350M With Bond Sale
Thursday, February 17, 2011
Taconic
http://www.taconicinvestments.com/portfolio/450_parkavenue.html
More on
450 Park Avenue
https://www.taconiccap.com/TACONIC/PROD/me.get?web.home
| 1.) | POTASH CORP. OF SASKATCHEWAN INC. | POT | 4,725,000 | $680,589 | Added 2,600.00% | 26.07% | |
| 2.) | GENZYME CORPORATION - GENZYME CORPORATION COMMON STOCK | GENZ | 3,381,700 | $239,391 | New | 9.17% | |
| 3.) | MCAFEE INC | MFE | 4,000,000 | $189,040 | New | 7.24% | |
| 4.) | PFIZER INC | PFE | 9,450,000 | $162,257 | Unchanged | 6.21% | |
| 5.) | CIT GROUP INC NEWCOM NEW | CIT | 2,460,980 | $100,457 | Added 0.20% | 3.85% | |
| 6.) | PETROLEO BRASILEIRO S.A. CL A | PBR-A | 2,699,240 | $88,589 | New | 3.39% | |
| 7.) | ORACLE CORPORATION | ORCL | 2,850,000 | $76,523 | Added 42.50% | 2.93% | |
| 8.) | ALLEGHENY ENERGY, INC. | AYE | 3,000,000 | $73,560 | Added 15.38% | 2.82% | |
| 9.) | MASTERCARD INC | MA | 286,000 | $64,064 | Added 853.33% | 2.45% | |
| 10.) | IVANHOE MINES LTD | IVN | 2,425,000 | $56,769 | New | 2.17% | |
| 11.) | JPMORGAN CHASE & CO. | JPM | 1,350,000 | $51,395 | Added 8.00% | 1.97% | |
| 12.) | QEP RESOURCES, INC. COMMON STOCK | QEP | 1,550,000 | $46,717 | New | 1.79% | |
| 13.) | GENERAL MILLS, INC. | GIS | 1,271,000 | $46,442 | Added 2.83% | 1.78% | |
| 14.) | BANK OF AMERICA CORP. | BAC | 3,489,840 | $45,752 | Cut -9.35% | 1.75% | |
| 15.) | METLIFE INC | MET | 1,100,000 | $42,295 | Added 101.83% | 1.62% | |
| 16.) | HEWLETT-PACKARD CO | HPQ | 1,000,000 | $42,070 | New | 1.61% | |
| 17.) | PACTIV CORP. | PTV | 1,250,000 | $41,225 | New | 1.58% | |
| 18.) | WILLIAMS COS INC (THE) | WMB | 2,150,000 | $41,087 | Unchanged | 1.57% | |
| 19.) | ARCELOR MITTAL NEW - BOND | 30,750,000 | $40,747 | Unchanged | 1.56% | ||
| 20.) | UNITED STATES STEEL CORP. - BOND | 22,500,000 |
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