Unstructured Finance

The reshaping of commodity markets: John Kemp

October 31, 2008

Only the brave or the foolish would make predictions about the future amid the biggest market upheaval in three generations. But it is already clear the crisis is profoundly reshaping the commodity trading industry. 
 
Our commodities and energy columnist John Kemp, formerly an economist for RBS Sempra in London, lays out his thoughts on how the industry will be remade over the next few years. Click here to read. 

Executive payout: confused yet?

October 31, 2008

Anyone scratching their heads over executive compensation can be forgiven for being a bit puzzled. These days, it’s hard to keep track of who owes what, which executives are getting a fat bonus, and what might happen if government bailout money reaches bankers’ pockets.

Job Bank – Oct. 31

October 31, 2008

The following financial services industry appointments were announced on Oct. 31, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

Check Out Line: Sales up at Burger King, profit misses view

October 31, 2008

Check Out Burger King missing Wall Street views but saying sales grew 12 percent worldwide, with sales at restaurants open at least a year up 3 percent in the United States and Canada.

GM comes up empty

October 31, 2008

GM went trick-or-treating early but it looks no one answered the door. Either that, or its trick wasn’t very good. Either way, it appears to have come up empty-handed in its bid for government goodies.

Desperate times

October 30, 2008

The extent of the shrinking economy became abundantly clear today to American Express employees, a whopping 7,000 of whom will be laid off in a massive restructuring plan. Similarly, Legg Mason Capital Management says it will cut up to one-third of its workforce in a move described by one analyst as “inevitable”. The downsizing amounts to only about 50 employees, but more importantly marks the asset manager’s first job cuts in 26 years.

Clueless about copper … in Chile?

October 30, 2008

Nearly 20 foreign correspondents showed up this week to a meeting at the Chilean Copper Commission (Cochilco) to hear the world’s top authority on copper give guidance on where prices were headed.

Job Bank – Oct. 30

October 30, 2008

The following financial services industry appointments were announced on Oct. 30, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please email moves@thomsonreuters.com.

NRG’s waiting game

October 30, 2008

A week and a half has passed since Exelon Corp made its unsolicited bid for NRG Energy Inc. But NRG still kept mum on the offer in both its third-quarter earnings pres release and its conference call with investers on Thursday morning.

Schwarzman’s birthday party – any regrets?

October 30, 2008

Any regrets about the now-infamous birthday party, Steve?

That was the question asked by Fortune Magazine’s Andy Serwer at an intimate breakfast gathering at posh New York restaurant Per Se.