Unstructured Finance

EA Sports looking to score with new toy lines

September 30, 2009

easports12If you want your football or baseball to cheer for you after a great play, EA Sports has just the toys for you.

BSE Sensex surges past 17,000

September 30, 2009

The Sensex rose 1.5 percent on Wednesday to close above the 17,000 mark for the first time since May 2008.

Check Out Line: Holiday time in Toyland

September 30, 2009

Check out Toys R Us hiring 35,000 for the holiday season.
dinosaurs-treeThe toy store giant said it would keep its U.S. store hiring plans at the same level as the last two years, even though industry watchers expect a relatively bleak winter.

Time for Kraftiness

September 30, 2009

It’s official. Kraft has until Nov. 9 to say whether it will make an offer for Cadbury. If it doesn’t, it had to back off for six months. In the three weeks since Cadbury turned up its nose at Kraft’s $16.3 billion cash-and-share offer. In that time, price talk has centered on how much Kraft will, or is able, to raise that bid by.

Man Group still waiting for the wave

September 30, 2009

Shares in Man Group, the world’s biggest listed hedge fund firm, are up strongly today after it finally reported a rise in assets.

Deals du Jour

September 30, 2009

French food group Danone has agreed to sell its 51 percent stake in its joint ventures with China’s Wahaha group, putting an end to legal proceedings related to the disputes between the two. In 2007, Danone accused Wahaha of illegally setting up parallel business outside their ventures. 

Morning line-up

September 30, 2009

Hedge fund stories from the past 24 hours from Reuters and elsewhere:

rtxcg5sLondon loses HF market share to NY – Hedge Fund Journal

Funds FAIL! – FT Alphaville

‘No truth’ to CIT-IndyMac talk – Reuters

Uptick in new hedge funds – NY Times DealBook

TCS gains 3.9 percent

September 29, 2009

Shares in India’s top IT services firm by sales gained nearly 4 percent in a broader market that ended 0.96 percent up at 16,853.

A “remote, silent whirlwind”?

September 29, 2009

We may have just lived through the biggest financial crisis in 80 years, but its impact may still not have been big enough for people to learn the right lessons for next time.

CIC braves U.S. distressed assets

September 29, 2009

China is no stranger to rolling the dice on risky U.S. investments. But like most big investors, it has been staying away from the tables for a while. Now we have word that its $200 billion sovereign wealth fund is pouring $2 billion into three funds focused on U.S. distressed assets. The funds are run by Goldman Sachs, Oaktree Capital and a third, as yet unidentified manager.