Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
Industry
Construction of Steel Plant Halted
Due to issues on informal settlers, trees and others, the construction of the Posco steel plant has been suspended.
Asian Nations Guard Against Repeat of 1997 Currency Crisis
Asian nations issue statement to avoid mistakes that lead to 1997 currency crisis. Major regional economies in Asia need to be on guard against execssive risks and asset bubbles boosted by efforts of central banks efforts to build economic growth.
EU Advises France to Shape Up
EU advises France to lower its budget deficit. Michel Barnier, the EU Internal Market Commissione advised the French government to undertake its planned reforms.
Wall Street Expects Fed To Continue Stimulus Program
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
Latest News
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
The Carlyle Group forms its London based energy investment team. A six person energy investment team was hired by the Carlyle Group to take advantage of the forecasted increase in demand for energy and equivalents in the next few years.
BlackRock, the top money manager of the world, to hire 300 lawyers to monitor financial regulation all over the world.
UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
Warren Buffett's Berkshire Hathaway would hold its shareholder meeting with a new twist on the festivities.
Armstrong Asset Management appoints Yasushi Ujioka as its investment director. Armstrong Asset Management appointed Yasushi Ujioka as the new Investment Director of the Singapore based company.
