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

June 8, 2011
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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 […]

Posted in: Global, USA

Can’t Invest In Twitter Or Facebook? Take A Look At Sina Weibo–Forbes

June 8, 2011
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 The headlines throwing around huge valuations for Twitter and Facebook are just a tease for most investors, who can only watch as elite funds buy and sell closely held shares in these private companies. But one of China’s leading social networks is publicly traded in the U.S., on Nasdaq: Sina Corp., with its popular microblog […]

Posted in: APAC, Global

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

June 6, 2011
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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 […]

Posted in: USA

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

June 2, 2011
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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 […]

Posted in: USA

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 […]

Posted in: India

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

May 26, 2011
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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 […]

Posted in: USA

The Problem with Nomadic Megabanks–Fortune

May 26, 2011
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Behold an exciting new feature of the post-bailout era: the megabank that wanders the globe with the weapons of financial mass destruction strapped to its chest. UBS (UBS), the giant Swiss bank that took $59 billion in bailout funds three years ago in addition to billions of dollars in conveniently cheap Fed loans, is chafing […]

Posted in: Global