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said Monday Jeff Beck that a fund it oversees bought

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said Monday probes beck jeff that a jeff beck "love is blue recalls fund it oversees bought a 10% stake in Winton Capital Management, a London-based hedge fund manager with $10 billion of assets under management. The fund, which bought the stake in July, is a new private investment portfolio set up to buy stakes in hedge fund management firms. The transaction doesn't give Goldman or the fund any rights to get involved in investment management or seats on the company's board, the company said, declining to give further details of the purchase. Hedge funds are mostly private and unregulated pools of capital whose managers can buy or sell any assets and typically take a substantial portion of the investment profit in payment. Winton uses computer modeling to make investments Its Winton Futures Fund Ltd. gained 7% in September, contributing to a 20% return in the last 12 months, according to data compiled by Bloomberg. . providence, r. i -- Textron Inc said Monday that it would purchase United Industrial Corp. for about $1. 1 billion in a deal that company officials said underscored the importance of unmanned aircraft to the U. S. military. The transaction would help Textron expand its aerospace and defense business. United Industrial's AAI Corp. unit, based in Hunt Valley, Md. , makes aerospace and defense systems including unmanned aircraft and ground control stations and counter-sniper devices. Textron, a diversified conglomerate, owns Bell Helicopter and Cessna and also makes golf carts, auto parts and surveillance systems. Textron Chief Financial Officer Ted French said Monday that company officials thought the military would continue to rely on unmanned aircraft and vehicles, as it does in Iraq and Afghanistan. "The role of unmanned systems is expected to continue to expand, providing us with significant growth opportunities," French said.

"And we believe we can convert this growth into expanding shareholder value. "Defense contractors Northrop Grumman Corp best jeff beck . and privately held General Atomics are more widely known when it comes to unmanned aircraft used by the military for reconnaissance missions, says Loren Thompson, a defense analyst at the Virginia-based Lexington Institute. However, the Pentagon buys fewer of these top-of-the-line models because of their higher price tags, opting instead for unmanned craft made by United Industrial that are less expensive but have many of the same capabilities, Thompson said. Under the deal, Textron said, it would launch a cash tender offer of $81 a share for United Industrial stock as early as next week jeef beck . The offer represents a 7. 1% premium to United Industrial's Friday closing price of $75. 62. United Industrial shares rose $4. 77, or 6. 3%, to $80. 39 Textron shares fell $1. 37, or 2. 1%, to $64. 01. jeff beck "you know what i mean . Maxjet Airways, the business-only carrier that flies from London, is expanding the number of flights to Las Vegas, Los Angeles and New York while cutting its Washington routes. The changes will add one weekly flight to Los Angeles, two to Las Vegas and three to New York, Maxjet said Flights to Washington will end Oct 29. clapton beck . Standing atop the wreckage of sub-prime mortgage securities and the resulting seizure in the credit markets is Goldman Sachs Group Inc. , increasingly perceived as the world's biggest hedge fundAlthough Goldman, the largest Wall Street firm by market value, insists that it caters to the needs of clients and has never been anything but customer-driven, the company is considered No. 1 among its peers in so-called proprietary trading -- investing with its own capital. Like hedge fund management firms that are posting their highest returns, Goldman is profiting substantially from allowing its traders to speculate on whether the price of assets will fall or rise. Goldman's third-quarter earnings soared 79% to almost $2. 9 billion after the New York-based firm, led by Chairman and Chief Executive Lloyd Blankfein, took positions that rose in value as the price of mortgage-backed securities declined. It posted record fixed-income trading revenue of $4. 9 billion in the third quarter, exceeding the combined tally of Morgan Stanley, Lehman Bros Holdings Inc and Bear Stearns Cos.

Analysts estimate that Goldman will post record earnings of almost $11 billion this year. "Out of this carnage of the summer, it was clear there were going to be huge opportunities because for all the managers who blew up, there were sure to be a bunch that exploited the situation," said Bill Grayson, president of Falcon Point Capital, a San Francisco-based hedge fund manager. While Goldman used hedging strategies to prosper in the third quarter, Merrill Lynch & Co. , Bear Stearns and UBS weren't so nimble when the sub-prime tide ran out blow by blow jeff beck Jeff Beck . The divergence came after three years during which earnings at the top investment banks rose almost in lock-step. Merrill, the biggest U. S wired beck . brokerage, and Zurich-based UBS, Europe's largest bank, reported their first quarterly losses in more than 4 1/2 years after mortgage-related write-downs Bear Stearns, the No 5 U. S yardbirds beck . securities firm, posted its biggest earnings drop in a decade. Goldman, meanwhile, has been using its capital to take bigger trading risks than rivals guitarist beck . The firm's so-called value at risk, a measure of how much the bank estimates it could lose from trading in a single day, rose to $139 million in the third quarter, up 51% from a year earlier to the highest level ever, according to company reports. The increase was most pronounced in interest-rate-related risk, which almost doubled to account for about 40% of the total. Not all of Goldman's traders have been successful.

Global Alpha, a $6-billion hedge fund managed by Goldman, run by Mark Carhart and Ray Iwanowski, lost almost 35% in the year through September after shedding 6% in 2006 fender jeff beck . Another fund, Global Equity Opportunities, dropped 30% in the first two weeks of August, prompting Goldman to inject $1 billion from investors and $2 billion of its own capital into the fund. But shares of Goldman are trading almost as if the market swoon of July and August never happened jeff guitarist . Although the stock slumped Monday along with those of other Wall Street firms, it has surged 38% since falling to a 52-week low in mid-August. Year to date, Goldman's stock is up 14%, the best performance of the five biggest U. S securities firms crossroads guitar festival . Morgan Stanley is up 0. 5%; Merrill, Lehman and Bear Stearns are down 20% or more. "There's kind of a love fest going on with Goldman right now, as they were able to weather the sub-prime storm much better than anyone else," said Peter Kovalski, who helps manage more than $12 billion at Purchase, N. Y. -based Alpine Woods Investments, which holds shares of Goldman and Merrill "They're one of the best-run investment banks out there. " eric clapton . san francisco -- When it comes to finding local products and services, consumers are increasingly letting their fingers do the clicking. Locally targeted search engines have replaced thick phone books as the starting point for millions of people seeking plumbers, personal injury lawyers or hair stylists. That trend is creating a big business opportunity for a slew of online players, including advertising start-ups, Internet giants and traditional yellow-pages publishers. One Woodland Hills company, ReachLocal Inc. , just landed $55. 2 million in venture funding to bulk up as it tackles the local-search market. Welcome to the next big front in the battle for online advertising dollars.

Kelsey Group, a research firm based in Princeton, N. J. , predicts that local search and Internet yellow-pages ad spending will grow to $4. 9 billion in 2011 from $1. Jeff Beck tickets 9 billion this year. "It's a huge growth opportunity," said Warren Kay, Yahoo Inc. 's managing director of strategic alliances "We are very interested in small businesses . They provide meaningful content consumers are looking for . "Search engines are investing in initiatives to create virtual neighborhoods where people can find detailed information on local businesses, including consumer reviews and such basics as the hours of operation. Google Inc. , for example, recently launched a pilot program to send contractors into local businesses to collect such information bootleg beck . ReachLocal is using some of the money it raised to take a similar approach, sending salespeople into small businesses across the country to offer to manage their search-engine advertising campaigns Jeff Beck - jeffbeck Jeff Beck - wikipedia . Those "feet on the street" efforts reflect how hard it is to reach the country's millions of small-business proprietors, who tend to rely on more traditional forms of advertising, and teach them about the benefits of online search, analysts say. To wit: Businesses with fewer than 100 employees spent less than 5% of the nearly $72 billion spent on all forms of advertising in the U. S jeff blues . in 2006, according to Borrell Associates Inc. , a media research and consulting firm in Williamsburg, Va. Companies such as ReachLocal, Irvine-based WebVisible Inc and New York-based Yodle Inc . -- as well as the digital arms of huge directory publishers such as AT&T Inc and R. H Donnelley Corp. -- are preaching that the Internet can be the great equalizer for small merchants struggling to get noticed.