Business news for Mon, 17 Dec 2007 & with word pulled. 3 news.

Federal investigators are examining whether some insiders pulled money out of Bear's troubled hedge funds, while others were blocked from doing so

Tudor Investment clients pulled more than $1 billion from its Raptor hedge fund after manager James Pallotta lost 8.5 percent this year, mostly on U.S. equities, according to Bloomberg News. Raptor, which had about $8 billion in assets before the withdrawals, dropped 3.1 percent in November, the report said. Tudor’s biggest fund, BVI, rose about 5.5 [...]

The world's first commercial merchant ship pulled by a giant high-tech kite aiding its engines to slash fuel consumption and cut greenhouse gas emissions was launched in Hamburg on Saturday.