Browsing Archives of Author »Adnan Shaikh«

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 […]

Infosys to pay KV Kamath special fee of Rs 67 lakh – ET

May 31, 2011

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KV Kamath, the man who built India’s second-largest bank, ICICI Bank, and who is now set to take over as non-executive chairman of India’s second-largest IT exporter, Infosys, will be compensated with an additional fee of around Rs 67 lakh for his new responsibilities. Mr Kamath, 63, is replacing NR Narayana Murthy , the visionary […]

Retailers’ mark-ups under threat from online – SMH

May 24, 2011

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As a shopper, have you ever pondered what sort of mark-up the retailer has slapped on to the pair of Levi jeans or Adidas runners that you’re about to try on? Turns out consumers reckon a 35 per cent mark-up by the shop would be fair in order to make a profit, according to a […]

Infosys staff received Rs. 50K crore of stock options – NDTV

May 19, 2011

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Infosys is credited with introduction of stock options for employees in India. That made many Infoscions millionaire overnight. Not only that, the phenomenal growth of the company made investors rich too. Infosys has the distinction of always beating its guidance. In his last article as chairman of Infosys, Mr Narayana Murthy delved extensively on the […]

LinkedIn shares snapped up ahead of $US4b IPO – SMH

May 19, 2011

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Investors keen to get in on the online networking craze snapped up LinkedIn Corp shares at $US45 each, the top of the company’s expected IPO range, giving the company a market value of over $US4 billion ($3.77 billion) That’s the highest market value for a US internet company taking its first bow on Wall Street […]

Lehman investors receive $100m surprise – SMH

May 17, 2011

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One group of investors holding collateralised debt obligations issued by the collapsed investment banking giant Lehman Brothers will receive an unexpectedly generous $100 million on the $125 million they put into securities between 2005 and 2007. The out-of-court settlement reached between the Australian trustee of the notes, Perpetual Trustee Company, and the liquidator of Lehman, […]

Microsoft Near Deal to Acquire Skype – WSJ

May 10, 2011

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Microsoft Corp. is close to a deal to buy Internet phone company Skype Technologies SA for between $7 billion and $8 billion—the most aggressive move yet by Microsoft to play in the increasingly-converged worlds of communication, information and entertainment. A deal could be announced as early as Tuesday, people familiar with the matter said, though […]