Euro Crisis- BANG HEAD HERE Continue reading →

Thu May 24, 2012 6:25am EDT * Georgia blames "challenging market conditions"* Follows O1 Properties pulling London IPO this monthBy Kylie MacLellan and Polina DevittLONDON/MOSCOW, May 24 (Reuters) - Georgia postponed a planned London listing of its state railways monopoly on Thursday, dealing a fresh blow to IPO markets as investors shy away from new bets amid volatile share prices and reel from the debacle of Facebook's flotation last week.It is a setback to the London Stock Exchange, which has seen little initial public offering (IPO) activity over the past year as euro zone debt woes besieged stock markets. Earlier this month Russian real estate investor O1 Properties also pulled its London listing due to choppy markets.Georgia blamed the decision on volatile markets, with uncertainty ... Continue reading →

Formula One Said to Plan Raising $450 Million for Itself in IPO By Zijing Wu, Elffie Chew and Fox Hu - 2012-05-24T05:21:35Z Enlarge image Formula One Said to Plan Raising $450 Million for Itself in IPO Mark Thompson via Getty Images Lewis Hamilton of Great Britain and McLaren drives during the Singapore Formula One Grand Prix at the Marina Bay Street Circuit on September 25, 2011 in Singapore. Lewis Hamilton of Great Britain and McLaren drives during the Singapore Formula One Grand Prix at the Marina Bay Street Circuit on September 25, 2011 in Singapore. Photographer: Mark Thompson via Getty Images Formula One plans to raise about $450 million for itself by selling new shares as part a $3 billion initial public offering in Singapore, ... Continue reading →

SINGAPORE (Dow Jones)--Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., is structuring its more than US$2.5 billion Singapore initial public offering as a sale of both shares and loan notes, people familiar with the situation said Thursday, in a move aimed at keeping Formula One's tax bill low. ... SINGAPORE (Dow Jones)--Formula One Group, the motor racing franchise owned by private equity firm CVC Capital Partners Ltd., is structuring its more than US$2.5 billion Singapore initial public offering as a sale of both shares and loan notes, people familiar with the situation said Thursday, in a move aimed at keeping Formula One's tax bill low. ... Continue reading →

Wed May 23, 2012 12:57pm EDT * 365 mln stg debt restructuring talks stall * No agreement with lenders over new money* Lenders start selling loans to distressed investorsBy Isabell WittLONDON, May 23 (Reuters) - Private equity firm Apax is preparing a possible sale of its troubled British medical courier Marken as talks with lenders over a fix of a loan covenant breach stall, banking sources said on Wednesday.Apax, which bought the business only two and a half years ago, started discussions with Marken's lenders in January as the company breached its December loan covenants due to a deterioration in performance.Lenders, which include Lloyds Banking Group, were willing to reset the covenants in exchange for around 100 million pounds ($157.16 million) of new equity from ... Continue reading →

Got innovation? Just about every company says it does. Businesses throw around the term to show they're on the cutting edge of everything from technology and medicine to snacks and cosmetics. Companies are touting chief innovation officers, innovation teams, innovation strategies and even innovation days. But that doesn't mean the companies are actually doing any innovating. Instead they are using the word to convey monumental change when the progress they're describing is quite ordinary. Like the once ubiquitous buzzwords "synergy" and "optimization," innovation is in danger of becoming a cliché—if it isn't one already. "Most companies say they're innovative in the hope they can somehow con investors into thinking there is growth when there isn't," says Clayton Christensen, a professor at Harvard Business School and ... Continue reading →