Posts Tagged ‘Deutsche Borse’


The Week Unpeeled

The year has started amid a mixed picture, with the employment numbers gaining some ground but some well-known consumer names going to the ground like Hostess Brands, the makers of Twinkies, filing for bankruptcy protection (again) and vultures like Delta and US Airways (or private-equity firms) reportedly hovering over American Airlines. On the political front, Mitt Romney, the current leading Republican hopeful was forced to defend his company Bain Capital to some extent private equity and market capitalism.  Elsewhere:

  • S&P downgraded the credit rating of nine countries in Europe, including France, which lost its triple-A status;
  • A tie-up between Deutsche Borse and the NYSE Euronext has looked to have gone awry after the EU Competition Commissioner announced he will not back the merger without further conciliations;
  • Sir Richard Branson launched Virgin Money, in a move to improve banking for consumers, with a £10m advertising campaign following his £747m takeover of Northern Rock;
  • Lloyds Banking Group Chief Executive Antonio Horta-Osorio has waived his bonus for 2011 due to a two-month absence, the bank's performance and the tough economic circumstances faced by its customers;
  • Facebook usage in Britain has declined by seven percent, leading to concerns that the social network may have reached saturation point;
  • The First Lady sent out her first Tweet and gained more than 100,000 followers in a few hours to @michelleobama; and
  • And Khloe may not be a Kardashian. CJP

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The Week Unpeeled

Protests in the Arab world continued last week, with the opposition defying the military in Bahrain and concerns of civil war increasing in Libya. Social media continued to play a role in helping to gather protestors but access to broadband networks is significantly lower in these nations, compared with Egypt.  Elsewhere:

  • Although Deutsche Borse and NYSE Euronext continued to release details of their proposed $10 billion deal, talk emerged that exchanges such as the CME Group may move to break up the combination or stage a counterattack with Nasdaq in a bid for the NYSE; what has become more and more clear is that the exchanges are really technology companies facilitating auctions;
  • G-20 seemed to make little headway on resolving global imbalances (did many know the group was even meeting?);
  • Debates simmered on Obama’s $3.7 trillion budget for 2012;
  • Obama met with the high-tech leaders in San Francisco to discuss research and hiring but little evidence surfaced of live Tweeting from the event; and
  • The Dow closed 73 points higher on Friday to its highest close in more than two years at 12,391.

Campus Invasion

Reported over the weekend was news that Stanford University is considering opening a campus for applied sciences in New York, responding to requests from the Bloomberg administration to institutions to submit plans to build facilities at city-owned sites. The plans are very preliminary and other schools are also making similar decisions. However, the potential extended-campus idea highlights the “business” of education and the rise of the borderless campus as many US institutions have opened campuses around the world, and INSEAD has done the same in Singapore and Abu Dhabi. No doubt, too, that social media and online education will speed the growth of a borderless campus as quads go virtual, like libraries and counselors.

Quote of the Week

Indiana Gov. Mitch Daniels, speaking at the Conservative Political Action Conference last week on the budget deficit and the need for quick response, and referenced in Peggy Noonan’s column Saturday in The Wall Street Journal. “We must bring that air or urgency to the spending crisis. It is our generational assignment…Forgive the pun when I call it our ‘raison debt.’” CJP


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The Week Unpeeled

Ahead of Valentine’s Day on Monday, love -- or at least mergers – were in the air, with AOL announcing plans to buy the HuffPo blog for $315 million (or 30 times projected Ebidta!); Deutsche Borse AG was talking to NYSE Euronext about combining (Wall Strasse!), and reports over the weekend said that the NYSE would have management control; Nokia and Microsoft are forming an alliance to take on the smartphone market; and London and Toronto stock exchanges are looking to hook up.

Elsewhere:

  • President Obama unveiled his budget package and pledged to cut $1.1 trillion over the next decade
  • Borders is expected to file for bankruptcy as early as early this week;
  • The Daily supposedly posted a picture of “the most powerful women in Hollywood,” but many deny that the screenshot through the window of the car was NOT Nikke Finke;
  • “Fit fun classy guy” Rep. Chris Lee from New York resigned from Congress after he was exposed for above-the-belt exposure on Craigslist as single (he’s not) and looking (now for a job);
  • And kinda in the same vein, an opera about Anna Nicole Smith opens in London this week at the Royal Opera House;
  • Meanwhile, the Dow closed at a 2-1/2 year high Friday at 12,273.

Crowdsourcing and Tahrir Square

Egypt dominated headlines all week and all weekend, with President Hosni Mubarak stepping down after 18-days or stepped-up opposition pressure amid expectations that other Arab nations may see similar conflict (or as seen on Twitter: “First Tunisia. Now Egypt. What’s next? Check Facebook.”); Although obvious at this point, it’s worth emphasizing the strong influence social media had on this revolution, even spearheaded in large part by a social-media executive, Google employee, Wael Ghonim. In the aftermath, it’s clear that Facebook and Twitter served as the accelerators, helping demonstrators push the pedal on the revolution or to crowdsource the overthrow at Tahrir Square. Watching the revolution from CNN and Twitter and CNN watching Twitter, social media also seemed to accelerate diplomacy, keeping steps ahead of the administration on responses. The test now comes to see what role social media plays in rebuilding democracy, more important but less glamorous and maybe a less Tweetable activity.

CJP Remains Ahead of the Curve

Last week, the Verdana font was made part of MoMA’s design collection and now word from The Wall Street Journal over the weekend on a front-page feature: “Orange Crush: Fall in Love with the Color of the Moment.” WAY been there, done that.  CJP


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