Who’s Blogging
Washington Post - Even though Americans are alarmed by the credit crisis convulsing the economy, they’re sensibly placid about one consequence of the crisis. It is the substantial investment by sovereign wealth funds — government-owned and -run investment funds — in
Six Nations: Williams to pay back Gatland’s investment with interest
Guardian Unlimited - After Martyn Williams had played a pivotal role in helping Cardiff Blues defeat Bristol in the opening round of the Heineken Cup last November he was asked if he would reconsider his decision to retire from international rugby. His reply was
ICAHN BUYS INTO PENNEY
New York Post - At last month’s retail event, sponsored by the investment bank Financo, Icahn called Macy’s CEO Terry Lundgren “a lovely guy.” “I see him at tennis matches and state, ‘Terry, why aren’t you working?’” Icahn told the crowd. Penney said this week it will
Microsoft bids to buy Yahoo
Reuters UK - The shares of Microsoft, which has a market capitalization of about $300 billion, fell 6.6 percent as some investors worried the world’s top software maker might be overpaying for Yahoo and could have a hard time getting a return on its investment.
Hedge Fund Manager Devaney Returns to Subprime After Yacht Sale
Bloomberg - TCW Group Inc. and Pacific Investment Management Co. are also betting that prices will recover. “Just because I lost money doesn’t mean I will quit, no way,” Devaney, who sold his boat “Positive Carry” and Gulfstream IV, said in a
Yahoo price tag hefty, but timing seems right
Seattle Times - You’ve got a company with a lot of money and a very liquid stock that really wants to buy something,” said Brad Gevurtz, head of investment banking at D.A. Davidson in suburban Portland. Microsoft valued its offer for Yahoo at $44.6 billion, which
European Stocks Rise, Snapping Seven-Week Rout; Rio Rallies
Bloomberg - As we saw with UBS, we’ve to wait until banks publish their earnings to see the subprime damage,” stated Roland Lescure, chief investment officer at Groupama Asset Management in Paris, which oversees $133 billion. “The crisis isn’t over
Readers’ Platform: Taps for Yahoo?
San Francisco Gate - Unless they’re buying them out to keep them from taking market share (from Microsoft), it’s an overall bad investment. If they’re just wanting to liquidate Yahoo, then there is probably no better time (or offer) possible for both companies. By the
Iraq ends cooperation with Austria OMV over its Kurdish oil deals
CNBC - The dispute has delayed passage of the national oil and gas law designed to regulate foreign investment in Iraq vast reserves. Frustrated with this delay, the Kurds have signed 15 production-sharing contracts with 20 international oil companies. The
Microsoft-Yahoo deal might create more competition
International Herald Tribune - It is good for investment. It is good for competition.” A combined Microsoft and Yahoo would beat Google in Web traffic and come closer in ad revenues. Most importantly, the pair would give Google a greater challenge as it tried to enter display
Credit Cards Of 160,000 People Stopped
Sky.com - said 7% of its two million credit card customers would be affected. A spokesman insisted the move was not linked to the credit crunch. He stated it followed a “risk review” of its customers which was carried out after Egg was purchased by the investment
Alumina giants in $16bn Rio raid
News.com.au - They (Chinalco and Alcoa) will want to make sure they are the preferred bidders if anything comes up for sale and it may well suit BHP and help them to pay more for Rio,” Mr PAtterson said. The move is the largest cross-border investment by a Chinese
Welfare is a mess, says adviser David Freud
Daily Telegraph - The investment banker who helped to raise £50 billion for firms such as Eurotunnel, Railtrack and EuroDisney, had a reputation for solving impossible problems. “If it was horrid, I got given it,” he says. There can be few things more horrid than the
Google forces Microsoft’s hand
International Herald Tribune - In the past, when Microsoft moved beyond its stronghold in desktop computer software - and into areas like Xbox video games and data-center software - it has done so mainly with in-house investment, patience and tenacity. Microsoft stuck to
The world’s economies have developed ever-closer links since 1950, in
BBC News - The world’s economies have developed ever-closer links since 1950, in trade, investment and production. Known as globalisation, this process isn’t new, but its pace and scope has accelerated in recent years, to embrace more industries and more
PNC bank doubles bad loan reserves
Baltimore Sun - Last month, bank executives estimated pretax CDO write-downs of $3 billion, a $300 million write-down of a troubled investment, $600 million in support for cash funds and $230 million for the Visa settlement with Amex. “Based on conditions today, we
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