Lehman Borrowed $18 Billion From Undisclosed Federal Reserve Loan Program – Bloomberg

July 7, 2011
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Lehman Brothers Holdings Inc. (LEHMQ)’s brokerage borrowed as much as $18 billion in four separate loans from a previously secret program of the U.S. Federal Reserve in June 2008, three months before its parent filed the biggest bankruptcy in U.S. history. The program, which peaked at $80 billion in loans outstanding, was known as the […]

Posted in: USA

One in Five PE Fund Managers To Go Out Of Business : Coller Survey – VCCircle

June 20, 2011
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The financial sector might have seen through the headwind of the severe credit crisis with minor bruises, but a shakeout in the private equity industry is now imminent. Investors’ selectivity and concerns about returns will drive 20 percent of private-equity managers out of business, according to a survey by Coller Capital Ltd, a leading global investor in private equity’s secondary […]

Posted in: India

Decoding Jhunjhunwala, India’s Buffett, on market direction – FirstPost

June 20, 2011
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No one in the market will tell you that stock prices are going to crash. To figure that out, you have to read between the lines when they talk a lot. In a recent interview published by The Economic Times, India’s ace investor Rakesh Jhunjhunwala gave his take on the direction the markets will take […]

Posted in: India

Abracadabra! Magic Trumps Math at Web Start-Ups – NYTimes

June 20, 2011
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Over a decade ago, Internet companies promoted new ways to measure their business performance, introducing concepts like “eyeballs” and “mindshare” to investors. Now the latest wave of Internet start-ups are adding their own particular yardsticks to the valuation vocabulary. Try “Acsoi” — a metric so new that there’s no agreement on how to pronounce it. […]

Posted in: Global, USA

Isn’t it time for Asians to live life king-size? – Reuters

June 15, 2011
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(The views expressed in this column are the author’s own and do not represent those of Reuters) Have you wondered why it is that Asians, even the ones who are affluent, seem to have a lower quality of life than the average guy from the developed world? Now why would that be so? Critics might […]

Posted in: India

Factory floor, not software park, crucial to India growth – Reuters

June 13, 2011
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If India is to become a manufacturing powerhouse it will need to make things easier for people like Nikhil Nanda, joint managing director of Escorts Ltd, a Delhi-based tractor maker. The company self-generates up to 40 percent of its power, scrambles to find and retain staff to operate increasingly sophisticated machinery, and must ride herd […]

Posted in: India

Once pricey U.S. gasland now looks like a bargain – Reuters

June 13, 2011
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The gas-rich land of the Marcellus shale has been some of America’s hottest wildcat real estate in recent years. But if Exxon Mobil’s $1.7 billion purchase is any indication, the days of eye-watering prices are over. The oil titan is paying barely half the price such acres were fetching last year, as the frenzy has […]

Posted in: USA