SABEW honors the best in business writing:
June 30, 2013 7:43 PM
The PC market continued to slump in May. More signs of worse-than-expected negative growth for PCs this year. "May results reflect deteriorating conditions rather than improvement and the market will probably fall short of projections," said Loren Loverde, an IDC analyst in a statement. Alabama's Jefferson County filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors. Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said. Einhorn, one of the most widely followed hedge fund managers and known for warning about Lehman Brothers' precarious finances before it collapsed, has also seen his flagship $8 billion Greenlight Capital fund under recent pressure though it is still up for the year.