Stocks Profile

paysafecard has announced that it has acquired 100% of the shares of payment provider Wallie Holding International Payment Services B.V.

Wallie is currently live in eleven countries in Europe with their ‘Wallie’-branded prepaid solution. Like paysafecard, it enables cash payments online through the use of a PIN. Wallie’s portfolio of merchants is exclusively comprised of companies in the online games industry.

Does legendary pro athlete Bo Jackson know banking? A recent profile on LostLettermen.com reveals the 48-year-old former NFL and MLB player is a co-owner and director at a small community bank in suburban Chicago.

Jackson gained fame in the late 1980s for his impressive athletic talents that included achievements on both the football and baseball fields. That versatility led Nike to sign Jackson up for a hugely popular television ad that featured the athlete playing different sports with other legends (Michael Jordan, Wayne Gretzky and John McEnroe, among others) who declared: “Bo knows basketball … Full post…

Alan Howard, Louis Bacon, and PTJ may be killing it in these violent markets, but things are a little different for their more equity-centric brethren. Dan Loeb and David Tepper felt the heat earlier this month when volatility sent their funds down low single digits, Berko’s big bet on banks took his fund down almost 20%, and the current King of the HF world, Mr. John Paulson, is just a few points shy of seeing his fund down 40%.

I wouldn’t worry so much though, because the guys you’ll see after the jump did far, far worse.

Here are the 5 biggest trading losses, ever.

#5 Yasuo Hamanaka, $2.6 B

Mr.

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WASHINGTON – The Congressional Budget Office’s updated budget projections offer hope tempered by big ifs around healthcare issues.

The CBO’s latest projections for the federal deficit for 2011 will be about $1.3 trillion, $116 billion lower than the Congressional Budget Office projected in March’s budget update. The cumulative deficit for 2012 to 2021 will be about $3.3 trillion lower than projected.

The CBO’s current projections assume “that current law remains in place.” That would include planned reductions in Medicare payments to physicians.

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