April 2009
Allstate asked to report inappropriate CDS writing
Allstate Corporation has been asked to immediately report to state insurance regulators all of its participation in “unregulated insurance markets” and its knowledge of any insurance companies that conducted unregulated writing of credit de...
Thomas O. Hicks’ Sports Group defaults on $525 million in loans
Hicks Sports Group, co-owner of the Texas Rangers, the Dallas Stars and Cedar Park Center partner Hicks Sports Marketing, recently entered negotiations with its creditors after defaulting on more than $500 million in loans. The company’s chief operat...
February 2009
Rio Tinto and Chinalco; $19.5bn injection: China’s biggest foreign deal
Rio Tinto, the third-biggest diversified mining group by market value, announced last week it had held talks with Chinalco about selling it convertible notes and stakes in some assets. A deal with Chinalco may help dampen investor concerns over RioR...
November 2008
A Review on VentureWire Technology Showcase 2008!
VentureWire Technology Showcase 2008 Start-ups are consistently at the forefront of technology innovation, but the road to adoption and profit is not easy. For this reason, firms that invest in, acquire or partner with start-ups exhaustingly evaluate c...
October 2008
outrageous move, TVA Raises CEO Tom Kilgore's Compensation
That is alot of electricity. I think it’s outrageous, it brings about the old statement, “The rich get richer, while the poor get poorer”. No wonder why country is in the shape it’s in!!! I think, if you got rid of the CEO all together and cont...
Rio Tinto has faith in Canadian operations but not in Australia says CEO Tom Albanese
Rio Tinto is to invest US$228 million in the construction of a new 225 megawatt high-efficiency turbine at Rio Tinto Alcan’s Shipshaw power station in Saguenay, Quebec, Canada. The project is expected to be completed in December 2012. “This...
Tom Petters jailed but Lancelot Investment Lent About $1 Billion to Petters Affiliates: Sun Country warns of possible shutdown
In my view, No he didn’t ’steal’ the money. There is no report of him ’stealing’ any money. He and his associates fraudulently induced wealthy people and hedge funds to loan his company money. Most of this 2 billion has b...
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