A.E. Feldman Blog

The United States is headed toward decline, and needs to wake up to the dire state of its infrastructure, according to a report co-published by the Urban Land Institute and Ernst & Young. The study however warns that “political will may only emerge when people face imminent reward or immediate risk–a bridge collapse or a [...]

A growing number of investors see a goldmine in green ventures, and they are pouring billions into alternative energy, namely wind. Rapid growth is predicted in the global wind market and the United States is one of three nation’s leading future growth in the industry, according to Reuters, citing a German research study. In fact, [...]

U.S. companies need more preparation for the convergence of global accounting standards, according to a survey of CFOs and other senior finance professionals conducted by Deloitte. The survey finds that globalization of the world’s capital markets has triggered a shift away from local standards and benchmarks to global ones. According to Deloitte, one key example [...]

Investigators at Societe Generale SA say the French bank’s management failures and culture of risk-taking were partly to blame for failing to identify unauthorized trades, which cost the bank $7.1 billion, reports the AP. Société Générale Junior Trader, Jerome Kerviel, started building up large positions in 2007. As his losses accumulated, he covered them up [...]

Data Center growth is expected to skyrocket over the next year. “Despite the challenging market conditions, companies are making major investments in IT infrastructure, reflecting the critical nature of these assets to today’s corporations,” said Michael F Foust, CEO of Digital Realty Trust. A new survey conducted by Digital Realty Trust indicates that this expansion [...]

The U.S. Securities and Exchange Commission has proposed that companies publicly traded in the U.S. adopt a specific new technology, known as eXtensible Business Reporting Language or XBRL, for financial disclosure. The technology involves computer “tags” similar to the bar codes used to identify groceries in the supermarket. The tags uniquely identify individual items in [...]

Although a number of banks hit by the U.S. subprime crisis have announced cutbacks, they have not trimmed talent in high-growth markets in China and many other parts of Asia, reports China Daily. China’s economy, the world’s fourth-largest, grew 10.6% in the first quarter from a year ago after expanding by 11.4% in 2007, the [...]

UBS AG is reorganizing it risk management and trading business following $37 billion in writedowns stemming from the subprime crisis, according to Dow Jones Financial News. The report states that the Swiss Bank has created a new role of Group Risk Chief Operating Officer and hired a new Chief Risk Officer (CRO) for the investment [...]

A consortium led by Spanish infrastructure company Abertis has been named the winning bidder in the largest U.S. toll road deal in history. Citigroup is part of the consortium, which has offered $12.8 billion to lease the Pennsylvania Turnpike for 75 years. Although the Pennsylvania state legislature has yet to approve the deal, Abertis says [...]

Despite ongoing market turmoil, the hedge fund industry is still going strong. In fact, new research shows that Investments in traditional asset classes by U.S. institutions shrank by $256 billion in 2007 as investors moved billions into hedge funds and other alternative investments. Moreover, investors are expected to pour more than $200 billion into hedge [...]