Category Archives: Syndicated
Asian finance firms are more optimistic on acquisitions
The China Post – Asia-Pacific banks, brokerages, insurers and private equity firms are more optimistic about mergers and acquisitions as they seek to expand following a decline in asset prices, according to PricewaterhouseCoopers LLP. About 42 percent of financial institutions […]
Dell says IBM-Sun talk creates business opportunity
Reuters – The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an "enormous opportunity" to the world’s No. 2 PC maker in the corporate server market. Michael Dell said such […]
Hedge Fund Assets to Fall 11% in 2009, Study Says
Bloomberg – The global hedge fund industry may shrink by 11 percent this year as funds liquidate and investor withdrawals persist, a Deutsche Bank AG survey said. Industry assets may fall to $1.33 trillion by December, according to 68 percent […]
Washington’s reluctant auto bailout
CNNMoney.com – General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy. What they already know is that any […]
Madoff Trustee Locates Assets of $75 Million
Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion. A lawyer for the […]
Geithner’s Toxic Asset Plan: Wall Street Finally Cheers
Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on […]
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]
Weavering to Liquidate Largest Fund Amid Swap Probe
Bloomberg – Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. PricewaterhouseCoopers LLP is liquidating the $506 […]
Connecticut’s “Rodeo Drive” Abandoned as Hedge Funds Collapse
Bloomberg – Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping strip of the U.S. hedge-fund capital, used to be a challenge. Not anymore. With the recession hammering retail sales, empty curbside spaces abound […]
Obama’s toxic assets plan greeted with skepticism
Associated Press – The Obama administration’s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending […]
Latest economic recovery plan hits $1 trillion
10 News – Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown […]