Wednesday, May 23, 2007

China flexes financial muscle with $3bn stake in US private equity firm
Jonathan Watts Beijing Andrew Clark New York
The Guardian
22 May 2007

A huge shift in global capital flows is forecast after the Chinese government’s acquisition of a $3bn (£1.5bn) stake in the sprawling US private equity group Blackstone, owner of Café Rouge restaurants, Madame Tussauds and Center Parcs. The purchase,... read more...
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posted by Bank Report @ 4:09 PM 0 comments

Thursday, May 10, 2007


Change at the top: after revolt, creating a new chief executive
By Alan Murray
The Wall Street Journal Europe
08 May 2007

JIM MCNERNEY, chief executive of Boeing Co., got his job after Harry Stonecipher was fired in 2005. Today he is quick to point out the limits of his own power. “I’m just one of 11 with a point of view,” he says, referring to his board of directors. “I... read more...
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posted by Bank Report @ 2:07 AM 0 comments