How the energy-rich rely on Schlumberger
Fairly good FT article on SLB which I’m passing on but won’t comment ;-) <blockquote cite=”http://www.ft.com/cms/s/0/a2499aa6-5d9b-11dd-8129-000077b07658.html“> Andrew Gould is quietly becoming one of the most powerful men in the oil industry, so much so that he feels compelled to reassure the world’s biggest energy groups that he has no intention of making them redundant. “We do not, cannot and would not …
China, the Olympics and the Visa Mystery
Geopolitical events and context significantly shape and define the possibilities for other actors (including most of business organizations, and particularly start-ups). Stratfor is one of the best source for high-quality intelligence. A bit pricey, but no more than your usual newspaper subscription, and much more valuable as an investment. The following piece is both sharable and of something that’s of …
Actual Merrill CDO Sale: 5.47% on the Dollar
From Barry over at TBG:47% on the dollar
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"Yes, It Makes Me Proud To Be An American"
That’s the (ironic) title of a post by Stowe Boyd this morning: Reading the International Herald Tribune in Lausanne this morning. Yet another book coming out that proves that Americans are know-nothing buffoons, as if I didn’t already know. Only 37% of Americans believe in evolution, for crying out loud.
Bankers' cut on YHOO-MSFT deal
From Marketwatch: The four advisers, Goldman Sachs, Lehman Brothers, Morgan Stanley and Blackstone, stand to make as much as $1.3 billion between them, analysts and experts said. Even if the dynamics leading to these rip-offs are well understood (financing need, litigation protection for the boards, etc.), this just reinforces Umair’s point. But consider the irony here:
Futures exchanges rubbing elbows
While The Economist reports on the being-negotiated CME-NYMEX deal, it also reports on the competitive landscape among futures exchanges. Namely, a field with significant barriers to entry, successfully preserved, ensuring inertia in the order flows, and recognized by investors: Some customers fear that the CME will start to raise trading fees once it has swallowed its rivals. This worry is …
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by Julien Le Nestour
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