The Morning Leverage: Move Over, ‘Avengers,’ China Takes The Weekend Box Office
A roundup of the morning’s private equity-related news.
Morgan Stanley Down Again, Facebook Just Its Latest Headache
Morgan Stanley shares are under pressure again, adding to six straight losing sessions, amid a confluence of bearish issues and events.
Jack Ucciferri: An Investor Perspective: WellPoint’s Political Disclosure Controversy
By the nature of WellPoint's core business, it is connected to some of the most intimate moments in its clients' lives. WellPoint is in a risky business and by not being fully transparent about how they participate in politics, they amplify their risks even more.
10 Monday AM Reads
My early morning reads to start the week: • Worst Market Since Reagan Greets Obama Before Election (Bloomberg) • JPM Whale-Watching Tour: Oh, so now it’s a $5bn loss? (FT.com) • More Earners at Extremes in New York Than in U.S. (NYT) • Euro Bonds Would Cost Germany Billions (Spiegel.de) • What the Chinese Want...
A new step for Man (and sector valuations generally?)
Man Group caught the hedgie sector off-guard on Monday with an intriguing deal to buy institutional fund-of-funds specialist FRM Holdings.It’s intriguing because Man seems...
Deals of the Day: Facebook Drops Below IPO Price
Deals of the Day compiles this morning’s biggest news about mergers and acquisitions, banking, bankruptcy and more.
Xfire Inks $3M For Asian Expansion
Online gaming and social networking platform Xfire has raised $3 million to support its expansion into Asia, the company announced Monday. Singapore-based firm IDM Venture Capital led the round. Xfire has offices in Santa Monica, Calif. and Shanghai. PRESS RELEASE Xfire, a feature-rich online community platform that transports gamers’ social networks into thousands of...
MOST, averaging down
Looks like Morgan Stanley are trying to support the Facebook price at $35, a short 8 per cent below the issue price.Oh, wait!
So, Should You Jump In On Facebook Now?
-- EDITOR'S NOTE – Facebook began selling stock to the public Friday in the most talked-about market debut in years. The stock closed 23...
Phil Kleweno to Lead Bain & Co. DC Office
Phil Kleweno, a longtime Bain & Co. partner and the former chief executive of Princess Cruises, has been tapped to lead the firm’s Washington D.C. offices as a managing director. Kleweno began his career at Bain in 1985 in the firm’s Boston office. PRESS RELEASE Veteran Bain & Company partner, and former chief executive of...
