Unstructured Finance

Only the lawyers are cleaning up

July 31, 2009

A man cleans a row of rickshaws in Karachi July 26, 2009. REUTERS/Akhtar Soomro A month of overcast skies and frequent showers indicates it is business as usual for the British summer, and for one company each day of rain brings particular displeasure.

100 stocks hit 52-week high on BSE

July 31, 2009

graphsensexxThe Sensex closed at 15,670 on Friday, the highest since mid June 2008, while the Nifty index closed at tad below 4,650, a mark closely watched by market participants.

Check Out Line: The extreme weather in July

July 31, 2009

Check out the chilly, wet weather continuing into July.

umbrella1Last month, retailers weathered the second-coolest June in 10 years, with record rainfall in cities like New York, Boston and Chicago, according to weather research firm Planalytics.

Octopus’s Crawford eyes FTSE at 5,000

July 31, 2009

Some good news for the bulls.

rtrkisbOctopus fund manager David Crawford believes this year’s equity rally could lift the FTSE 100 to the 5,000 mark, from just over 4,600 currently, helped by energy stocks.

BAC to the Future

July 31, 2009

Now that the dark days of TARP force-feedings, congressional hearings and ill-conceived mergers are behind it, Bank of America is getting back to the business of expanding in the world’s most enduring pot of fabled gold, China. The bank sent a memo around saying it had rehired a China hand to head its corporate finance business there.

A little more conversation, a little more action?

July 31, 2009

It would be hard to describe July as a banner month for mergers and acquisitions.

Keeping score: big-ticket M&A drought, bond bonanza

July 31, 2009

Highlights and low points — syndicated loans, for example, at their lowest since 1993 — from the July Thomson Reuters Investment Banking Snapshots:

Deals du Jour

July 31, 2009

Ford Motor Co has slowed the sale of its Volvo car unit as it plans to open up the auction to losing bidders for General Motors’ Opel, the Wall Street Journal cited a person close to the company as saying.

A parting shot by Duquesne?

July 30, 2009

coalDuquesne Capital Management, Alpha Natural Resources largest shareholder, has been working to scuttle the company’s takeover of Foundation Coal for the past two weeks. In perhaps its last at shot at swaying shareholders before tomorrow morning’s vote on the deal, Duquesne released its latest reason investors should oppose the deal on Thursday: the payout Alpha Chairman and CEO Michael Quillen will receive if the deal goes through.

Analyst put on the DL

July 30, 2009
BASEBALL/Duncan Niederauer, the head of New York Stock Exchange operator NYSE Euronext, opened the company’s quarterly earnings conference call with this riddle on Thursday:

“What do Rich Repetto, Carlos Delgado, and Jose Reyes have in common? …They are all on the disabled list as a result of baseball-related injuries.”