efinancialnews.org http://efinancialnews.org Daily and weekly financial news, analysis and comment on securities & investment banking, asset management, hedge funds, private equity and trading & technology Sat, 19 May 2012 21:18:21 +0000 en hourly 1 http://wordpress.org/?v=3.3 Historic Facebook debut falls flat http://efinancialnews.org/historic-facebook-debut-falls-flat http://efinancialnews.org/historic-facebook-debut-falls-flat#comments Sat, 19 May 2012 21:18:21 +0000 http://efinancialnews.org/historic-facebook-debut-falls-flat Historic Facebook debut falls flat

SAN FRANCISCO (Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches…

]]> http://efinancialnews.org/historic-facebook-debut-falls-flat/feed 0 The Wright Strategy http://efinancialnews.org/the-wright-strategy http://efinancialnews.org/the-wright-strategy#comments Sat, 19 May 2012 13:01:36 +0000 http://efinancialnews.org/the-wright-strategy The Wright Strategy

By Jason L. Riley

Using Jeremiah Wright to attack President Obama is certainly fair game, but it may not be smart politics.

]]> http://efinancialnews.org/the-wright-strategy/feed 0 Market Extra: Facebook IPO’s rocky open to get SEC review http://efinancialnews.org/market-extra-facebook-ipos-rocky-open-to-get-sec-review http://efinancialnews.org/market-extra-facebook-ipos-rocky-open-to-get-sec-review#comments Sat, 19 May 2012 01:14:46 +0000 http://efinancialnews.org/market-extra-facebook-ipos-rocky-open-to-get-sec-review Market Extra: Facebook IPO’s rocky open to get SEC review

The Securities and Exchange Commission will look into the delayed trading start to much-anticipated debut, after its expected open was delayed by about 30 minutes and Nasdaq dealt with getting trade confirmations to brokers.



]]> http://efinancialnews.org/market-extra-facebook-ipos-rocky-open-to-get-sec-review/feed 0 For Gupta Trial, Tension and Tips http://efinancialnews.org/for-gupta-trial-tension-and-tips http://efinancialnews.org/for-gupta-trial-tension-and-tips#comments Sat, 19 May 2012 01:08:00 +0000 http://efinancialnews.org/for-gupta-trial-tension-and-tips For Gupta Trial, Tension and Tips

Lawyers for former Goldman Sachs director Rajat Gupta say he was estranged from convicted hedge-fund mogul Raj Rajaratnam at the time of some alleged tips. Prosecutors say the friendship broke down much later.

]]> http://efinancialnews.org/for-gupta-trial-tension-and-tips/feed 0 STOCKS NEWS THAILAND-Krungsri ups Bumrungrad Hospital target price http://efinancialnews.org/stocks-news-thailand-krungsri-ups-bumrungrad-hospital-target-price http://efinancialnews.org/stocks-news-thailand-krungsri-ups-bumrungrad-hospital-target-price#comments Fri, 18 May 2012 21:20:32 +0000 http://efinancialnews.org/stocks-news-thailand-krungsri-ups-bumrungrad-hospital-target-price STOCKS NEWS THAILAND-Krungsri ups Bumrungrad Hospital target price

Krungsri Securities raised its target price on hospital firm
Bumrungrad Hospital Pcl to 66 baht ($ 2.10) from 48.2
baht ($ 1.53) and maintained its “hold” rating, citing strong
earnings for the…

]]> http://efinancialnews.org/stocks-news-thailand-krungsri-ups-bumrungrad-hospital-target-price/feed 0 Romney Defends His Record at Bain http://efinancialnews.org/romney-defends-his-record-at-bain http://efinancialnews.org/romney-defends-his-record-at-bain#comments Fri, 18 May 2012 13:03:35 +0000 http://efinancialnews.org/romney-defends-his-record-at-bain Romney Defends His Record at Bain

His defense of his record as a private-equity executive was his most public move to defuse Democratic attacks on him as a heartless corporate raider.

]]> http://efinancialnews.org/romney-defends-his-record-at-bain/feed 0 Spain hires Goldman Sachs to value Bankia-financial source http://efinancialnews.org/spain-hires-goldman-sachs-to-value-bankia-financial-source http://efinancialnews.org/spain-hires-goldman-sachs-to-value-bankia-financial-source#comments Fri, 18 May 2012 09:13:54 +0000 http://efinancialnews.org/spain-hires-goldman-sachs-to-value-bankia-financial-source Spain hires Goldman Sachs to value Bankia-financial source

MADRID, May 18 (Reuters) – The Spanish government has hired
Goldman Sachs to value Bankia and advise the
economy ministry after the bank was partly taken over by the
state last week, a financial and…

]]> http://efinancialnews.org/spain-hires-goldman-sachs-to-value-bankia-financial-source/feed 0 GM Claims Immunity for Old Cars http://efinancialnews.org/gm-claims-immunity-for-old-cars http://efinancialnews.org/gm-claims-immunity-for-old-cars#comments Fri, 18 May 2012 01:02:02 +0000 http://efinancialnews.org/gm-claims-immunity-for-old-cars GM Claims Immunity for Old Cars

GM pushed a lawyer to drop a potential punitive-damages claim involving a prebankruptcy vehicle involved in a fatal accident, asserting a level of immunity in that some lawyers claim is a stretch.

]]> http://efinancialnews.org/gm-claims-immunity-for-old-cars/feed 0 Odey doubts Cameron credentials http://efinancialnews.org/odey-doubts-cameron-credentials http://efinancialnews.org/odey-doubts-cameron-credentials#comments Thu, 17 May 2012 22:04:37 +0000 http://efinancialnews.org/odey-doubts-cameron-credentials Odey doubts Cameron credentials

Hedge fund veteran takes aim at UK Prime Minister, saying he is ‘no man to see the way out’ of the current economic woes

]]> http://efinancialnews.org/odey-doubts-cameron-credentials/feed 0 MGIC sues Freddie Mac in insurance dispute http://efinancialnews.org/mgic-sues-freddie-mac-in-insurance-dispute http://efinancialnews.org/mgic-sues-freddie-mac-in-insurance-dispute#comments Thu, 17 May 2012 21:22:04 +0000 http://efinancialnews.org/mgic-sues-freddie-mac-in-insurance-dispute MGIC sues Freddie Mac in insurance dispute

(Reuters) – Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain…

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