Unstructured Finance

A pimple worth pampering

April 30, 2009

While you might hate pimples, apparently they’re kind of a beautiful little thing over at Procter & Gamble.
 
Wella hair care is one of those businesses that fits into a broad portfolio of everything from Pampers diapers to Tide detergent.  Right?  Still, it’s just a little bit different enough to make some wonder why P&G has held onto it.  It’s not like Wella brand products are filling up shelves at Wal-Mart like Clairol products are.

Customer to Venture Capitalists: Please, go out of business

April 30, 2009

rebecca-s-connollyEven in the depths of a recession, venture capitalists are relentlessly upbeat, but one of their big customers poured cold water on that Thursday, asking some members gathered in Boston for the annual meeting of the National Venture Capital Association to go out of business.

Rising Estimates of U.S. Shale Reserves May Cap Natural Gas Prices

April 30, 2009

shale1
Locations of shale basins not geographically precise. E.g. Haynesville basin is located on the north Louisiana/east Texas border. Figures in trillion cubic feet. Source: The Federal Energy Regulatory Commission website, derived from the American Clean Skies Foundation.

Berkshire shake up augurs well for hedgies

April 30, 2009

windsorBerkshire is best known as the leafy home of Windsor Castle but its council pension fund is refusing to conform to the county’s conservative image, unveiling an investments shake up which includes a hefty allocation to one of the most widely hyped investment products going, a hedge fund managed accounts platform.

Check Out Line: Company profits surprise despite weak sales

April 30, 2009

Check out consumer-related companies Procter & Gamble, Colgate-Palmolive, OfficeMax, Domino’s Pizza and Sally Beauty Holdings all posting better-than-expected quarterly profits despite weak consumer demand.

GM bondholders haggle

April 30, 2009

GM/RESTRUCTURINGUnder the bondholders’ deal, they would swap a 51-percent stake in a restructured company for $27 billion in debt, a person with knowledge of the plan tells Reuters Detroit Bureau Chief Kevin Krolicki. The deal would give the United Auto Workers union 41-percent in a new General Motors while the U.S. government would not receive an equity stake, according to the person who asked not to be named because the offer had not yet been submitted.

Nasdaq powers Iraqi stock exchange’s electronic trading

April 29, 2009

iraqiflagTalk about trying to get a piece of an emerging market.

Nasdaq OMX said on Tuesday that its trading and clearing system was used in the launch last week of electronic trading on the Iraq Stock Exchange, or ISX, as it is known.

Sensex gains over 400 points, ICICI jumps

April 29, 2009

INDIA-STOCKS/The stock market bounced back smartly today, gaining over 400 points to recover all of yesterday’s losses.

Draft chills hedgies

April 29, 2009

The horse-trading is over (for now) and the EU has published its draft directive on regulation for the hedge fund and private equity industries. EU commissioner Charlie McCreevy must be doing something right as his plans have angered parties on both sides of the fence.