Lombard sells stake in auto parts business realising 3x gain
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Lombard Investments has sold a major portion of its stake in Somboon Advance Technology, a Thailand-based original equipment manufacturing supplier of auto parts.
Article Tag: Lombard Investments, Somboon Advance Technology, Thailand
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Today's Economic Data Highlights: Goldman Anticipates Zero Private Payrolls, -125K Total
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Actis Makes First Brazilian Investment; $58 Million In Supermarket Chain
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Actis invested $58 million in Companhia Sulamericana de Distribuição, which operates supermarket chains São Francisco and Cidade Canção. This marks Actis’ first investment in Brazil.
PRESS RELEASE
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Jobs and services on the docket
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The Labor Department's August Employment Situtation report and ISM's non-manufacturing index have the potential to move stocks.
Read more »Indexes above resistance
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A late-day push kept the indexes above their 50-day moving averages, which are now support.
Read more »The E-Mail That Should Have Saved Lehman Brothers
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The Wall Street Journal reports that, contrary to what former Lehman executives would have you believe, the New York Fed did give the firm the opportunity to borrow from the central bank on emergency terms on September 14th - the day Lehman filed for bankruptcy - provided it had the collateral.
Read more »'The Too-Big-To-Fail Problem Must Be Solved'
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Here's the statement by Ben S. Bernanke, Chairman Board of Governors of the Federal Reserve System, before the Financial Crisis Inquiry Commission, Washington, D.C., September 2, 2010
Read more »Lehman Was 'Insolvent, Not Just Illiquid'
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Here's a round-up of some of the more interesting testimony / comments to come out of the Financial Crisis Inquiry Commission hearings this week on the failure of Lehman Brothers.
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