The rulers of the exchange of mankind’s goods have failed,” U.S. President Franklin D. Roosevelt told a Depression-blighted nation in his 1933 inauguration address. “There must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing.”
Fast-forward three-quarters of [...]
Back in the 1980s, David Bonderman was the chief dealmaker for Robert Bass, a Texan billionaire. He helped to structure the $550 million buyout of American Savings and Loan Association of California, which was caught in the S&L morass. It was a complex deal, requiring lots of negotiations with federal regulators. But it ultimately turned [...]
Doha Bank is setting up a finance company in India by acquiring a 49 per cent stake in an unnamed brokerage for an undisclosed amount. However, the bank did indicate in a previous statement in May 2007 that it was planning to buy into a brokerage company called Investnet, which is owned by Select Securities. [...]
Venture capitalists are people, just like you and me. They put their pants on one leg at a time, and they’re prone to making investing mistakes just like the rest of us. That said, it’s hard to deny that some VCs are clearly better than others. John Doerr is one of Silicon Valley’s more successful [...]
WILMINGTON, Del.–Ford Motor Co. welcomes the significant investment by billionaire Kirk Kerkorian, company executives said Thursday, telling shareholders it underscores the strength of their turnaround plan.
Ford executives said their work to return the No. 2 U.S.-based car company to profitability by 2009 was taking hold and the recent acquisition of 4.7 per cent of the [...]
RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division, announced it has launched a new venture that will invest over $1 billion over the next three years in India’s growing real estate market.
The new venture, RREEF India Advisors, which will be run by country head Kishore Gotety, will be [...]
Prudential Financial Inc., the second-largest U.S. life insurer, said net income plummeted 94 percent to its lowest level in five years, hobbled by losses tied to commercial mortgages and subprime home loans.
The insurer said it quit securitizing commercial mortgages after the company’s first-quarter profit declined to $69 million from $1.12 billion a year earlier. Prudential, [...]
Serbia and Italian car maker Fiat signed on Wednesday a memorandum of understanding, which envisages strategic cooperation and joint investment to produce new cars in Serbia’s state-owned Zastava car plant.
“Fiat has ambitions to start production of a completely new model in Zastava by 2009,” Investment Opportunity said Serbian Minister of Economy Mladjan Dinkic, who signed [...]
It’s funny how Gold was smashed down so strongly just before options expiry. Investment Opportunity It seems the shorts lured in as many longs as possible with Gold over $950 and looking strong not too long ago just to be taken down below $890 on expiry day. If Gold had closed above $890 many longs [...]
The Bush administration, pledging a “strong and continued commitment” to safeguarding national security, issued 90 pages of regulations Monday to implement a new law tightening security reviews of foreign investments.
Congress passed the law last year after an uproar in 2006 over a plan by Dubai-owned DP World to manage six of the largest ports in [...]
