Sharply on the rise, meanwhile, was California-based Fremont General (FMT Quote). Shares shot up 14.6% after Harbinger Capital Partners reported taking a 9% stake, or 7 million shares, in the lately beleaguered subprime-mortgage lender. Fremont stock was up 55 cents to $4.31.
U.S. Global Investors (GROW Quote), of San Antonio, also rode high after saying its assets under management climbed nearly 6% to roughly $5.35 billion in the third quarter. Shares bounced more than 12% to $21.29.- Loading Comments...
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