Filed under: Google (GOOG) , Apple Inc (AAPL) , Citigroup Inc. (C) , New York Times’A’ (NYT) , Sony Corp ADR (SNE) , Bear Stearns Cos (BSC) , Blackstone Group L.P (BX)
An interesting article over at TheStreet.com reports that commercial real estate investment firm, Blumberg Capital Partners, is readying to launch an investment firm, backed by Middle Eastern investors, to invest in U.S. media companies.
TheStreet.com reports that “the fund would target newspapers, as well as Hollywood movie studios, online media outfits, broadcast news, and possibly radio businesses.” According to CEO Philip Blumberg, it appears that the fund would raise about $500 million and with the use of leverage, have purchasing power of three times that amount.
I’ve noticed recently that even indefatigable Jim Cramer has wondered out loud (as he frequently does) why foreign investors haven’t step...
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TOKYO: Struggling Citigroup Inc plans to sell NikkoCiti Trust and Banking Corp, its trust bank unit in Japan, as part of its global restructuring efforts, Japanese media reports said on Sunday. The assets could be worth anywhere from 10 billion yen ...... more
The Economic Times
November 26, 2008
A government rescue plan has eased investors’ concerns about Citigroup Inc, but mines lurking in the balance sheets of rivals Bank of America including Bank of America Corp could still tempt short-sellers.
Bank of America, the No 3 US bank by assets, has loaded up on mortgages as the world’s largest economy wrestles with the worst housing market since the Great Depression.
The Charlotte, North Carolina-based bank further heightened its exposur... more
Filed under: Newcastle Investment (NCT) , Raytheon Company (RTN)
The holiday season is upon us and that translates to shopping season. Generally speaking, I hate shopping and refrain from getting anywhere near a shopping mall or mingling with all the shop-o-holics. However, shopping for stocks is different and it is always the season for that.
Finding the best stock values for next year would be a great gift for everyone that is paying attention to my ramblings, that is, ... more
Filed under: Motorola (MOT)
Even though his efforts to get on Motorola, Inc. (NYSE: MOT ) board of directors came up short, Carl Icahn has been vindicated, in a way. The stock has continued to lag but today, Ed Zander, the target of much of Icahn’s vitriol has stepped down as CEO of the company.
Never one to miss an opportunity to dance on an enemy of shareholder value’s grave, Icahn put out a press release applauding the move:
“I believe that th... more
Filed under: After the bell , Good news , Middle East , Citigroup Inc. (C) , Wachovia Corp (WB) , Technical Analysis , Economic data , Wells Fargo (WFC) , Commodities , Oil , DJIA , Housing , Federal Reserve
True, no one on the trading floor of the New York Stock Exchange Friday yelled, “It’s a return to the ‘Roaring 90s,’ “ but given the way the U.S. economy and the stock market have gone in 2007, it’s a start.
Th... more
Filed under: Television , Scandals
Game of Shadows, the controversial bestseller that brought to light detailed allegations of home run king Barry Bonds’ involvement with illegal performance-enhancing drugs, is being made into a movie by HBO.
Just when Barry Bonds, who recently indicted by a grand jury, thought the negative publicity couldn’t get any worse: a made-for-TV movie.
According to the New York Times “Much of the book was based on secret grand jury testimo... more
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