After riding Internet wave, top China investor bets on hardware *Lee's fund GGV made early bets on Alibaba, Xiaomi, others. "Finally, after 15 years of investment in China, we're starting to see the real' makers' come to play," Singapore- born Lee, who moved to China in 2005 to set up GGV's Shanghai office, said in one of several interviews with Reuters. GGV, founded in 2000 as Granite Global Ventures, has nearly $2.7 billion across six funds,...
| By: Gerry Shih and Elzio Barreto
Momentum names jump The play on some of the market's biggest winners, with the FMHR traders.
For Wall St: market turmoil chills dog days of summer Aug 24- Mac Sykes, an analyst at asset management firm Gabelli& Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. While his wife and three kids spent Monday at the beach, Sykes was busy on calls, doing research and watching markets from Shanghai to New York dive. "Everybody was in the game today no matter where...
| By: Jessica Toonkel
VIX doing something extraordinary The VIX's move this week was historic. Is there more pain to come? With CNBC's Melissa Lee and the Options Action traders.
Ex-bank president gets 2 years in prison in bailout fraud District Judge Naomi Reice Buchwald sentenced Charles Antonucci Sr. in Manhattan, where he was president of The Park Avenue Bank before his arrest in a fraud prosecutors said included bank bribery, self-dealing, embezzlement of bank funds and a failed effort to fraudulently get more than $11 million worth of taxpayer rescue funds from the Troubled Asset...
Source: The Associated Press