The Senate passed health-care reform legislation Thursday morning, bringing America “incredibly close to making health insurance reform a reality in this country,” as President Obama told reporters.The Senate bill means “for the first time,
America continues to crawl out of recession. The U.S. economy is growing at a snails pace, 2.2% annually, while China’s emerging economy is expected to grow at 8% (if you believe their government figures.)The difference is perhaps best exempli
From The Business Insider, Dec. 24, 2009: The New York Times delivers a front-page expose on the original Goldman Sachs scandal:
How the firm created derivatives (synthetic CDOs) to allow investors to
bet on the housing market, sold the CDOs to clients
Clarity is in short supply today when it comes to IPOs. Two companies filed for inital public offerings worth $100 million and $300 million on Monday, underscoring an impression of investors growing more comfortable with companies they may have deemed too risky in 2009.
Following the upbeat tone is aluminum giant UC RUSAL securing some heavy-weight investors –a member of the Rothschild family as well as one of southeast Asia’s richest men– in an IPO now bumped up in value to possibly $27 billion.
But wait, not all is rosy. A top China train maker, CNR, limped in its market debut after its $2 billion IPO in Shanghai. Valued at 49 times its 2008 earnings, investors tolerance was tested and the stock closed up a weaker-than-expected 2.34 percent.
“The weak debut is actually good for the market as it sends a warning for future IPOs, forcing companies to think twice before they set sky-high IPO prices,” said Chen Huiqin, senior stock analyst at Huatai Securities in Nanjing.
Looking into 2010 as we are all want to do this week, healthcare IPO’s will be a risky and potentially hot area boosted by President Barack Obama’s healthcare reform bill. The trend in Chinese Internet firm spin offs may continue. Tencent Holdings (0700.HK), , China’s largest Internet firm, NetEase.com (NTES.O) China’s third-largest online games operator and Chinese software developer Kingsoft (3888.HK) could be prime candidates to spin-off some business units, analysts say.
The global market for IPO’s looks hot in 2010 but, then again, maybe all the talk will add up to hot air. What are your thoughts?
Further reading:
The Top Ten IPO Candidates For 2010 (TechCrunch)
Mexico promotes bourse, but IPOs still scarce
Here Comes a Cleantech IPO Parade (Daily Finance)
Codexis Files for IPO, Again (earth2tech)
The turnaround of Pilgrim’s Pride may have been long by 2009 standards, but as Emily Chasan reports creditors probably made out better from the chicken producer’s reorganization than any other bankruptcy in the past year.
On Monday, just over a year after the company entered bankruptcy protection, it emerged with new ownership, new management, and a new business plan, proving the traditional route through bankruptcy is not quite dead. Unsecured creditors got paid back in full, in cash, and stockholders — who usually get wiped out in bankruptcies — got a 36 percent equity stake in the reorganized company.
In a year, which featured the one-to-two-month bankruptcies of lender CIT Group and automakers Chrysler and General Motors, Pilgrim’s Pride took a more traditional trip through the process — staying in court just long enough to conduct a business turnaround.
From The Business Insider, Dec. 29, 2009:While U.S. equity markets are doing superb since the March rally began, we’ve undergone tough times in this past decade.
Two bubbles, near-systemic collapse, and a
Tech Ticker conducted hundreds of interviews this year with dozens of guests on numerous topics. But one guest consistently garnered massive amounts of excitement and (for the most part) positive reaction from you, the audience.Without question, How
What a difference a year makes: If 2008 was all about what went wrong on Wall Street, 2009 was characterized mainly by what went right, at least for the financial markets.Stocks sure didn’t start the year on the right foot, tumbling into early March amid
Rewind to Inauguration Day in January. President-elect Obama ushered in a new administration with much fanfare and hope for C-H-A-N-G-E. Now 12 months later, it’s business as usual. Take a trip down memory lane as we recall some of the highlights (and low
Like many of you, Tech Ticker is taking a break to celebrate the holidays — but we’re not shutting down completely.
Starting today through Jan. 4, we will be publishing some videos taking a look back at 2009 and ahead to 2010; we’ll also be posti
On a slow day, when most people are subconsciously counting down to the New Year, we thought we will bring you a quick update on the sweetest deal in the works — the churning battle for Cadbury.
Italian chocolate giant Ferrero, it seems, is still examining its options on a possible bid for Cadbury, which has rejected a $16.2 billion offer from U.S. food group Kraft.
A Ferrero spokesman tells our colleague in Milan: “Things are exactly as they were a month ago. Nothing has changed.”
In November, Ferrero said it was in the preliminary stages of evaluating options in respect of Cadbury.
Ferrero’s comments followed a report by La Stampa newspaper, which said Ferrero’s interest in Cadbury had cooled. But the spokesman said this contention was not based on anything the company has said.
US-based Hershey has also said it is contemplating a bid.
It looks like President Obama finally got what he wanted for Christmas, health-care reform. It was late and it may take a couple more months to reach his desk but with the Senate bill passing, health-care reform seems inevitable.
Whether you’re for