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The Wall Street firm, which was publicly criticized a few weeks ago by one of its own for running roughshod over the interests of clients – dubbed “muppets” in internal speak – in the pursuit of profit, has now pulled off what looks like the trade of the year. But this one comes at the expense of its own shareholders. Commentary
Data is a real-time snapshot *Data is delayed at least 15 minutes Global Business and Financial News, Stock Quotes, and Market Data and Analysis
Data is a real-time snapshot *Data is delayed at least 15 minutes Global Business and Financial News, Stock Quotes, and Market Data and Analysis
Data is a real-time snapshot *Data is delayed at least 15 minutes Global Business and Financial News, Stock Quotes, and Market Data and Analysis
Every company should have a Board Of Directors. At the start it can simply be a one person board consisting of the founder. But it should not stay that way for long. Because if you are your own board, you won't get any of the benefits that come with having a board. These benefits include, but are not limited to, advice, counsel, relationships, experience, and accountability.
In this morning’s media roundup, PE firms are looking for a little bit more liquidity in their energy deals (not THAT kind of liquidity), while Catterton Partners latest deal is all about turning liquid into vapors. Elsewhere, green shoots in the IPO market aren’t necessarily appealing to everyone, Calpers gets ready to sell off some PE stakes, and HSBC sells a stake of its own.
No large Chinese company is more scrutinized, criticized, ostracized and demonized than Huawei , the Shenzhen-based manufacturer of telecommunications equipment. With revenues of $28 billion in 2010, and 110,000 employees, Huawei is the second-largest telecom equipment company in the world, along with being the largest and most prominent private technology company in China. It is also said to enjoy significant behind-the-curtain support from senior figures in the Chinese government and military. Not much is known about the secretive company.
The unusual bidding war for the resort park operator escalates between two private equity firms. The latest offer is now at $7.85 a share in cash, topping KSL Capital’s bid. CVC Capital Partners is nearing a deal to buy AlixPartners, the consulting firm known for its restructuring work, from current owner Hellman & Friedman, for more than $1 billion, people briefed on the matter said.
Hong Kong likes to bill itself as “Asia’s world city,” but many of its Chinese residents aren’t exactly tolerant about other races, says a newly released poll. The survey was conducted over the past five years among mostly police officers in training and secondary school students, finding they hold less than favorable views of those with darker skin. Among the 1,860 surveyed, less than half would feel comfortable having Africans, Nepalese, Filipinos, Indians and Pakistani in their personal lives, for example as friends or spouses.