Analyses of timely industry developments by leading Council Members that keep clients apprised of important industry developments across a range of sectors and topics. Throughout each day, Council Members post the news stories they believe will have material impact on their industry, and explain why.
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
November 21, 2009
Low-Profile Leaders Chosen for Top European Posts | www.nytimes.com
The new President of the European Council, Belgian Prime Minister Herman Van Rompuy, and high representative for foreign and security policy, Catherine Ashton, are both low profile personalities in new high profile positions. Both also have limited EU and international experience. Van Rompuy's strength is his ability to build consensus. Baroness Ashton, EU Trade Commissioner for the past year, may have the highest profile position of the two.
Filed under: Government, Legislation & Politics
Hardball 11/21/09: Calix’s IPO in Order to Buy Cyan?
November 21, 2009
Calix Files IPO. Will Cyan Be Mike Hatfield's Next Big Hit? | www.businessweek.com
In a 2005 BusinessWeek article, Calix’ CEO was quoted as saying: "The only thing that would cause me to go public is if we wanted to go do an acquisition. I don't know why else I'd do it." It was clear to us earlier this year that he had evidently not changed his stance in justifying an IPO.
Filed under: Telecom
testing prod issue - for tiny urls
November 21, 2009
testing prod issue - for tiny urls | tinyurls.com
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Filed under: Hardware
Pollock front and center again, despite no one knowing why
November 20, 2009
Pollock quotas likely to drop again | www.publicbroadcasting.net
The latest prediction on the Total Allowable Catch totals for the USA pollock industry for 2010 appear to be solidly in favor of lowering them once again. This makes Greenpeace happy (not really) but is bad news for the industry as a whole. Jobs will be lost, companies may be headed for continued hard times. Yet most consumers of fish say, so what, I never eat pollock. How wrong they are.
Filed under: Natural Resources
Commodity Index Funds to Change Asset Allocations - Big Corn Changes
November 20, 2009
Dow Jones-UBS Announce New Target Weights For Commodity Index | www.djindexes.com
DJ / UBS announced changes in their commodity index allocations. The new allocations will likely push corn much higher, and the oil refining spread narrower.
Filed under: Natural Resources
Terra In Play, not the End Game
November 20, 2009
End Game at Terra | dealbook.blogs.nytimes.com
Far from "the End Game" as reported by NYTimes author, the CF vote is more likely the beginning of an auction for Terra.
Filed under: Natural Resources
November 20, 2009
Fear of Double Dip in Housing | online.wsj.com
No matter what the spin, facts are irrefutable.3.5M houses in foreclosure trumps the NAR story about lower inventoryMore than 3 times the current number of foreclosures are in pre-foreclosure.2010 and 2011 will see great numbers of foreclosures.
Filed under: Residential Market Trends
November 20, 2009
A sector too tough to save | online.wsj.com
Banks, with government support, will "pretend" over the value of Commercial Assets.Loans will be, for the most part, extended, in order that no one has to take a "hit"Kicking the can down the road, as usual.Some modifications will be worked out.
Filed under: Commercial Market Trends
Liz Claiborne Adds Licensing To Updated Business Model
November 20, 2009
Liz Claiborne Reports $90 Million in Qurater | www.wwd.com
The immediate benefit of licensing the Liz Claiborne and Claiborne men's to J C Penny - and LCNY to QVC signal's a broader strategic play ahead for Liz Claiborne Inc.Celebrity designer Isaac Mizrahi's failed attempt to revitalize the fortunes of the brand at major department stores like Macy's, forced the company to make a decision that will have long term strategic implications for the company.
Filed under: Retail
How To Increase Your Stock Price And Ruin Your Company
November 20, 2009
Sears shelling out---for own stock | www.chicagotribune.com
Mr. Lampert, for the fifth straight year, has again gained the record for spending far less on his store's improvement and maintenance needs than any of his 13 major competitors, while at the same time, spending far more on buying back his own company stockthan any other retailer.
Filed under: REITs/Operating & Development
Switzerland sues Google over Street View privacy concerns
November 13, 2009
Here Come the Droids! A brief review of Verizon Wireless' new Droid line-up.
November 11, 2009
October 30, 2009
New 777 Depends On 787 Success
October 13, 2009
IPhone Coma Mode puts Apple in the ICU
September 19, 2009