Facing economic uncertainty and a liquidity crunch, corporations are seeking to capitalize on the high value associated with intellectual property (IP). With more patents on the market than ever, companies are on a shopping spree being driven by the recessionary economy, according to Law.com. A recent Reuters report also states that even in a tough [...]
Freddie Mac announced it is suspending foreclosure sales on mortgages eligible for the Home Affordable Modification Program as part of the Obama Administration’s Making Home Affordable plan. Freddie Mac’s previously announced suspension of foreclosure sales on occupied properties expired on March 6th. Ingrid Beckles, Senior Vice President of default asset management at Freddie Mac says [...]
The Obama administration brings the promise of new approaches to old problems, according to Infrastructure Investor. The report argues that investors eager to see a new approach to infrastructure financing by the U.S. government are hoping to capitalize on this promise.
One day after President Obama took his oath of office, a group of investment banks, [...]
These days Wall Street has to be creative in where it looks for new revenue streams. Now as M&A and private equity go south or constrict, banks (looking for ways to bump up fees) are even hungrier. And facing a gloomy economic outlook, giving financial advice to companies in distress can generate fees. Many large [...]
The American Society of Civil Engineers (ASCE) just released its 2009 Report Card for America’s Infrastructure. For the fourth time since 1998, the group assigned a cumulative grade of “D” to the nation’s infrastructure, estimating that $2.2 trillion would be needed to restore it to acceptable levels – that’s up from $1.6 trillion in 2005.
The [...]
President Barack Obama is touting his American Recovery and Reinvestment Plan to immediately jumpstart job creation as well as long-term economic growth. In his weekly address on January 24th Obama said the plan will save or create three to four million jobs over the next few years and plans to rebuild the nation’s infrastructure to [...]
In his weekly address on Saturday, January 24th, President Barack Obama promoted what he calls an American Recovery and Reinvestment Plan to immediately jumpstart job creation as well as long-term economic growth. According to Obama, the plan that will save or create three to four million jobs over the next few years. The President says [...]
Risk management is a discipline that is being taken far more seriously these days thanks to the current financial crisis. Translation: the financial meltdown means big opportunity for Risk Managers, according to CFO.com. The report states the “often-misunderstood category of finance worker, which already was showing a rising profile, may now be in line for [...]
John Paulson, who runs the $36 billion hedge fund firm Paulson & Co., is looking to buy distressed mortgages and distressed debt, despite being bearish on the overall economy, according to Reuters citing a Bloomberg data. The report states that Paulson wrote in a 2009 outlook to investors that he is interested in investing in [...]
This year governments around the world will spend 2.9% of world GDP on infrastructure, up from 2.2% in 20087according to Infrastructure Investor, citing projections for 2009 compiled by consultancy CG/LA. Norman Anderson. The report adds the firm’s CEO, Norman Anderson, also predicts that the U.S. will move toward a more Spanish-style model of infrastructure financing [...]
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