Unstructured Finance

Sensex drops 292 points

June 30, 2009

MARKETS-SOUTHASIA/STOCKSIn pre-budget pessimism, investors booked profits on Tuesday shaving nearly 300 points off the benchmark.

Private equity making Asia inroads

June 30, 2009

U.S. private equity firms are making further inroads in Asia.

Overnight, Carlyle announced it raised $1.04 billion for its fourth Asian growth capital fund — nearly double the size of its previous such fund.

Check Out Line: Retail joy in sunny days?

June 30, 2009

shop11Check out the welcome warm weather.

The long anticipated arrival of warm weather helped boost U.S. consumer spending 1.6 percent in the week that ended June 27, from a week ago — the strongest gain since matching its Jan. 31 results, according to a stody by the International Council of Shopping Centers and Goldman Sachs.

Is Genentech taking over Roche?

June 30, 2009

Roche’s megabucks Genentech buy is looking more like a reverse takeover — in some ways, at least.

Watch BlackRock’s Mark Lyttleton give his market view

June 30, 2009

Mark Lyttleton, manager of the 1.5 billion pound BlackRock UK Absolute Alpha fund, gives his view on the recent rebound in the equity market and his outlook for the rest of the year and beyond.

Deals du Jour

June 30, 2009

General Motors (GMGMQ.PK) is talking to rival suitors to sell a stake in Opel, the Financial Times says,  primarily Brussels-based RHJ International (RHJI.BR). Magna is still in pole position.

Starbucks to sell exclusive Rwanda coffee in UK

June 29, 2009

howardbeans1Starbucks will start selling a high-grade variety of fair trade-certified Rwandan coffee in Britain and Ireland next year as part of its effort to source more fair trade beans across East Africa. 

Heading to the dollar store for groceries?

June 29, 2009

dollar1Ahead of the recession, dollar stores thought it would be a good idea to try to lure shoppers into their stores more frequently by stocking an increased selection of food. Many of them began installing refrigerated coolers in their stores so they could sell things like eggs, milk and dairy.

FirstGroup targets National Express

June 29, 2009

FirstGroup, the Aberdeen-based transport group led by its chairman Martin Gilbert, confirmed on Monday that it made an approach for smaller, embattled National Express on June 19.

Missing CEO? He’s around here somewhere….

June 29, 2009

By Steve James

Although Enterprise Products Partners CEO Michael Creel could not join a conference call with analysts to dicuss his company’s planned $3.3 billion acquisition Teppco Partners, the energy pipeline company was quick to reassure investors all was well.