Former US$2 billion private equity fund now nearly worthless: WSJ

Wells Fargo and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than US$2 billion that is now worth close to nothing, according to a report from the Wall Street Journal.Original Article

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Cairo police clash with Nile island residents, at least one dead, 56 injured

CAIRO: At least one person has been killed and dozens injured in clashes between police and residents of a Nile...