From The Business Insider, Jan. 28, 2010: The Senate just approved cloture on
Daily Archives: January 28, 2010
House Price Recovery Just A Head Fake, Says Alpert, Especially In New York
In the second half of 2009, house prices staged a surprising recovery, leading many to conclude that the housing bust was done.Keep dreaming, says Dan Alpert of Westwood Capital.The rise in the second half of 2009 was mainly the result of pent-up demand c
Note to Congress: You Gave Geithner a Pass
Treasury Secretary Timothy Geithner probably wouldn’t characterize Wednesday’s congressional testimony on the AIG bailout as “fun.” Yet, it wasn’t as grueling as it should have been. And, that’s the fault of Congress. …
Apple’s iPad Debuts to Great Expectations … and Disappoints
It seems fair to say that no gadget in history was as hotly anticipated as the
one Apple introduced yesterday. And although Apple’s iPad did impress some
observers, many were left murmuring about
what might have been.For months, the rumor
mi
Loose Change: Obama Talks the Talk, But Can He Walk the Walk?
President Obama’s State of the Union address last night has been described as an effort to “reset” or “restart” the agenda after a year the President admitted hasn’t always gone smoothly.”Our administration has had some political
Obama’s “Venezuelan-style” Policies Will Cause Stock Market Crash, Dick Bove Says
To paraphrase Miller Tabak equity strategist Peter Boockvar, a political science degree on Wall Street may be more important than a finance degree these days. Since the crisis created the need for unprecedented government intervention, stocks are in
Keeping score: Oracle’s M&A machine
On Wednesday, Oracle closed its multi-billion dollar takeover of Sun. A few bullet points from the Thomson Reuters data team:
· Following approval from European anti-trust officials, Oracle’s $5.8 billion acquisition of Sun Microsystems was completed today. The transaction is 3rd largest software deal globally since the Tech Boom and the 10th largest on record.
· Since 2004, Oracle has been the most active acquirer in the software sector based on advisory fees. Oracle was the acquirer on 5 of the largest 10 software deals since the Tech Boom.
· In 2009 Software transactions accounted for 11% of the global M&A fee pool, the highest portion since 2000 when the sector accounted for just over 21% of the fee pool.
· Fees generated globally by the software industry in 2009 were up 36% versus 2008 despite the fact the number of deals was down 19% from the previous year.
DealZone Daily
Shares of China XD Electric Co, which raised $1.5 billion this month in a Shanghai IPO, unexpectedly fell in their trading debut on Thursday, serving a stark warning to China’s securities regulator that it may have gone too far in trying to cool the overheating stock market. Read the Reuters story here.
And in other news:
Keolis, the transport unit of France’s state railway group SNCF, and British transport operator Arriva, are studying a possible equity link-up, French daily La Tribune reported.
Advice for Obama: Be “More Activist” and Focus on “Jobs, Jobs, Jobs”
Dan Alpert, managing partner at Westwood Capital, says President Obama should focus on three main issues in tonight’s first State of the Union address: “Jobs, jobs [and] jobs.”"The issue is whether or not he’s going to be pushing for real j
The iPad Is a Multimedia Device. So Where’s the Media? Be Patient.
From All Things Digital, Jan. 27, 2010: As predicted, Steve Jobs showed off a new multimedia device today. One thing he didn’t show off, though: Much in the way of new media.
Jobs and company clearly plan on incorporating new products from
newspap
Fed Keeps Rates at Zero, Dan Alpert Says Congress Should Keep Ben Bernanke
Very little was expected from the Federal Reserve today and the central bank delivered. At its core, the FOMC’s policy statement was nearly identical to the one released in December, reiterating the pledge to maintain the “exceptionally low levels of
What Is the One Thing Obama Must Say Tonight?
From The Business Insider, Jan. 27, 2010:(This guest post originally appeared at New Deal 2.0)
As we look for the President to set the agenda for the year
ahead, I asked New Deal 2.0 contributors and friends to tell me the ONE
thing they’d like t