Thai rally fuels fears of violence (2)
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FT.com - World, Asia Pacific (3)
1 day, 8 hours
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Thousands of supporters of Thailand's government held a rally, bringing a new and combustible element to a political deadlock that is edging closer to open violence
Only in America (1)
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Alea (0)
3 days, 2 hours
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A Wal-Mart employee in suburban New York was trampled to death by a crush of shoppers who tore down the front doors and thronged into the store early Friday morning, turning the annual rite of post-Thanksgiving bargain hunting into a Hobbesian frenzy. At 4:55 a.m., just five minutes before the doors were set to open, a crowd of 2,000 anxious shoppers started pushing, shoving and piling against the locked sliding glass doors of the Wal-Mart ...
Iran in about-turn towards security agreement (1)
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FT.com - World, Middle East (0)
3 days, 20 hours
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Tehran is said to be satisfied with the changes won by Iraq in the pact with the US, suggesting it 'sees the future of US policy in a new light and seeks to cooperate with Washington'
First Audit Said to Cite Some Snags With Bailout (1)
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NYT > Business (0)
4 days, 2 hours
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The first audit of the $700 billion financial rescue plan is expected to be critical of the Treasury Department’s failure to set up ways to track how its bailout money is being used.
Giant Stimulus Plan Proposed for Europe (1)
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NYT > Business (0)
4 days, 2 hours
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The European Commission on Wednesday proposed a stimulus package totaling 200 billion euros, or $256.22 billion.
Saks Sets 'Poison Pill' (1)
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WSJ.com: Deals & Deal Makers (0)
4 days, 2 hours
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Saks has adopted a holder rights plan designed to thwart takeovers, just days after Mexican billionaire Carlos Slim Helu raised his stake in the beleaguered luxury retailer.
Summary of the latest World Bank China Quarterly (5)
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Brad Setser: Follow the Money (2)
4 days, 22 hours
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Make sure it is the latest World Bank China Quarterly. David Dollar, Louis Kuijs and their colleagues have outdone themselves – and in the process provided a clear assessment of the sources of China’s current slowdown and the risks that lie ahead. I won’t try to summarize the entire report. Read it. The whole thing. No summary can do it justice. Here though are seven points that jumped out at me. 1. China was no ...
Cash woes hit Gulf investment in Chinese companies (1)
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FT.com - World, Middle East (0)
5 days, 20 hours
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A private equity fund launched earlier this year for Gulf money to invest in Chinese companies has been delayed as liquidity woes hit the oil-rich region, one of the...
Latest Scam: TALF (1)
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Alea (0)
6 days, 10 hours
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The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA). Under the TALF, the Federal Reserve Bank of New York (FRBNY) will lend up to $200 ...
Twitter Acquires ‘Values of n’, Adds Rael Dornfest To The Team (42)
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TechCrunch (312)
6 days, 23 hours
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Hot on the heels of news that it rejected an acquisition offer from Facebook, Twitter has announced that it has acquired Values of n, a startup that produced information management applications including Stikkit, a post-it note application and I Want Sandy, an Email assistant. The primary goal of the acquisition appears to have been to bring Rael Dornfest to the Twitter team. Dornfest is the founder of Values of n and former CTO at O’Reilly ...
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Hriday said:
Will this take away the charm of Twitter??
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Jacob said:
It would be a *really* wise move for Twitter to incorporate some of Rael's great work. Twitter as a productivity tool has some promise...
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Shawn Farner said:
And now Twitter will piss off the I Want Sandy users. They should at least keep that application online. Big mistake.
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Brian Junyor said:
That's too bad, I was a fan of I Want Sandy. However, I switched over to Jott for the transcription, iPhone and outlook integration.
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Lorin said:
Lots of comments are already cluttering the Twitterspere about this one. I don't see how it integrates - in the short-run. But there are certain long-rage possibilities. But my first guess is that this is done to boost the asset portfolio before an ultimate deal is reached.
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Lynne d Johnson said:
Does this mean that my personal assistant Sandy will roll up into Twitter? I hope so, she's a savior.
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AdamB said:
i sure hope this makes twitter stronger... as iwantsandy.com and stikkit were/are great sites for email and txt gtd
Austin safest of big Texas cities (1)
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Angry Shareholders Vent Over Barclays’ Investment Plan (1)
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NYT > Business (0)
1 week
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Shareholders lashed out at bank management for its plan to raise $10.5 billion, mostly from Middle Eastern investors, who will receive preferred stock in return.
Citigroup: You Can’t Step Into the Same Crisis Twice, Right? (1)
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WSJ.com: Deal Journal - WSJ.com (0)
1 week, 3 days
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Citigroup is under attack. The stock is being battered, and the company is blaming the shorts. As market commentators worry about how long the banking giant can hold out, Chief Executive Vikram Pandit insists that Citigroup will not change and won’t sell itself. Associated Press For anyone who has watched the markets with horror this year–and that’s pretty much everyone–the parallels to Lehman Brothers Brothers and Bear Stearns seem obvious. Barclays Capital banking analyst Jason ...
M&A in a Crazy, Credit-Starved World (1)
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DealBook » Deal Professor (0)
1 week, 3 days
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The continuing credit crisis and economic downturn will likely change the way that mergers and acquisitions are done, at least for a while. In particular, in a world where credit is scarce, stock — as opposed to cash — is likely to be the deal consideration of choice. This is particularly true since this [...]
La La La I Can't Hear You La La La (1)
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Dealbreaker (2)
1 week, 3 days
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Merrill Lynch, Barcap, Deutsche Bank and Citi are said to have stopped airing CNBC on their trading floors, supposedly because of "irresponsible reporting." Sounds a bit insane, and I'm really not sure why these institutions would rob their employees of the Gasparino Variety Hour but whatevs. Programming will be replaced by reruns of The Three Stooges, Little Rascals, Parker Lewis Can't Lose and Two Coreys.
Historic Day for the 30 Year Bond (1)
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Alea (0)
1 week, 3 days
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Only a few hours ago, I mentioned that the 30 yr hit 370 bp, well things move quickly, closing yield was a record low 345 bp, down 45 bp on the day. The 30 yr swap spread last seen at negative 60…(remember this is not supposed to happen..) Email This
TPG China deal at risk over dispute (1)
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FT Alphaville (0)
1 week, 4 days
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TPG, the US private equity firm, risks losing a substantial investment in a Chinese leasing venture after a business dispute in which the company’s local staff called in police to remove TPG’s representatives. The difficulties that developed between TPG and local managers of Nissin Leasing (China),...