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Advantageous way to raise capital - Financial TimesWhen Mumtalakat, Bahrain’s sovereign wealth fund, raised $500m for investment recently, it did not go to the bond market. Instead it turned to the syndicated loans market. Mumtalakat’s strategy has been replicated across the Gulf, where debt ...
Capitalism's Genius Perverted by Subprime Madness: John Helyar - BloombergSept. 17 (Bloomberg) -- There is just one problem with the genius of capitalism. From time to time, it veers off into barking madness. We are in the midst of just such a time. This is a week when Lehman Brothers Holdings Inc. has gone bankrupt ...
The National Enquirer: Ur-Text of the Tabloid Age - MSN UK NewsGeneroso Pope Jr., the MIT-educated founding father of America's guiltiest pleasure, was stuck behind a long line of rubberneckers gawking at the scene of an auto accident when inspiration struck. There might be a market for a newspaper trafficking ...
Microsoft, Schering-Plough See `Entire Economy' in Jeopardy - BloombergSept. 30 (Bloomberg) -- Officials from Microsoft Corp. to Office Depot Inc. and Schering-Plough Corp. said the government's failure to bail out the U.S. banking industry put the ``entire economy'' at risk unless a deal comes soon. ``The various ...
His Space - WiredPerched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...
Fannie Mae, Freddie Mac Move Helps Housing - WKRCFinancial and housing stocks jumped today following news the government took control of mortgage giants Fannie Mae and Freddie Mac. Some of this has to do with optimism over mortgage rates. In tonight's Money Alert, Local 12's Paula Toti tells us ...
KKR Financial Announces Resolution of Mortgage-Backed Commercial Paper ... - PR NewswireSAN FRANCISCO, March 31 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC NYSE: KFN (the "Company" or "KKR Financial") announced today that it has entered into an agreement with the holders (the "Noteholders") of the secured liquidity notes, also ...
Does Wall Street Owe Main Street An Apology? - Wall Street JournalDemocratic Sen. Sherrod Brown of Ohio summed up at today’s Senate hearing the anger from tens of millions of Americans on the proposed $700 billion bailout of the financial sector. Wall Street, he argued, “didn’t care one bit” what its ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
2008 (2134) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...