The stock market slumped midday Tuesday but the S&P 500 is still on track for its best second-quarter since 1998, up about 15%. The question, of course, is what the rest of the year looks like.John Roque, managing director of
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From The Business Insider, June 30, 2009: The new hallucination for most strapped McMansion owners is that they’ll “rent the house for a year and then sell when the market comes back. …
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From The Business Insider, June 30, 2009:Good news! The rate of the price decline in the housing crash has finally begun to ease.
Bad news! Prices are still falling 18% year over year.
Specifically, in April, according to the Case Shiller index, the
ra
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Two weeks after looking like they were about to burst through 4%, yields on the 10-year Treasury slid to as low as 3.45% intraday Monday, the lowest level since May 29, according to Bloomberg.Such volatility in rates has major implications for all facets
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Bernie Madoff’s victims cheered when U.S. District Judge Denny Chin handed down the maximum150-year sentence Monday. But Madoff’s investors are far from satisfied and many are giving a Bronx cheer to Federal regulators for falling to stop the Ponzi scheme
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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.
The fund has already made investments into companies including the high-end Chinese women’s apparel maker Ellassay. Fundraising is exceptionally tough right now for private equity firms. […]
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General Motors is heading back to bankruptcy court on Tuesday to seek approval to sell its choice assets to a “New GM” in a plan to reinvigorate the automaker under U.S. government ownership.
Reuters reporters Emily Chasan and Caroline Humer will be filing updates from the hearing in the live headline box below and on the […]
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Roche’s megabucks Genentech buy is looking more like a reverse takeover — in some ways, at least.
The Swiss drugmaker splashed out $47 billion to buy out its biotech partner to secure access to Genentech’s impressive new drugs. But Roche’s U.S. operations are to operate under the Genentech name and research, development and commercial operations are all being based at […]
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