Browsing All Posts filed under »USA«

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

July 7, 2011 by

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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 […]

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

June 20, 2011 by

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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. […]

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

June 13, 2011 by

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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 […]

The Next Financial Crisis Will Be Hellish And It’s On Its Way–Forbes

June 8, 2011 by

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Great Speculations from Forbes notes: “There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.” We’re raising our alert status for the next financial crisis. We already raised it last week after spreads on […]

Groupon Plans I.P.O. With $30 Billion Valuation–New York Times

June 6, 2011 by

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As Groupon would say, the deal is on. The social buying site on Thursday filed to go public, a hotly anticipated debut that could raise $3 billion, according to two people close to the company who were not authorized to speak publicly. At that level, the company would be worth roughly $30 billion, surpassing the […]

Pandora’s Sales More Than Double as IPO Looms–Bloomberg Businessweek

June 2, 2011 by

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Bloomberg Businessweek reports: First-quarter revenues at Pandora rose 136 percent year-over-year as the Internet music company said it expects to complete a $100 million initial public offering by the end of June. Pandora Media Inc., the Internet-music company preparing for an initial public offering, said revenue more than doubled last quarter and its user base […]

Greenlight’s Einhorn Says Microsoft Should Replace Ballmer–Bloomberg Businessweek

May 26, 2011 by

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Greenlight Capital Inc. President David Einhorn called for Microsoft Corp.’s board to replace Chief Executive Officer Steve Ballmer, saying the software maker suffers from “Charlie Brown management.” Ballmer is weighing on the company’s share price, Einhorn said yesterday at the Ira Sohn Investment Conference in New York. Even so, he recommended Microsoft shares because the […]