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Shanghai's new financial district skyline is seen from the opposite side of Huang Pu river.

Chinese Private Equity Firms Set Sail Abroad

Flashed on the side of a building here in Shanghai's historic Bund district, an image shows a giant ship named Hony, setting sail from China, traveling past the Statue of Liberty, past Big Ben, and bringing home crates of golden coins.
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SGX, LSE in Joint Bid for London Metal Exchange: Source

The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion pounds ($1.57 billion).
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HP hires Goldman to guard against activists: report

Hewlett-Packard CO has hired Goldman Sachs Group Inc to help the company defend itself against possible activist investors who could push for change at the Silicon Valley company, the Wall Street Journal reported, citing people familiar with the matter.
To match Special Report LME-WAREHOUSING

More Than 9 Suitors Court London Metal Exchange

Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits because business is booming with volumes at record levels, its chief executive Martin Abbott said.
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Goldman, TCW win dismissal of Landesbank CDO suit

Goldman Sachs Group Inc and TCW Asset Management Co won dismissal on Wednesday of a lawsuit by German state-owned Landesbank Baden-Wurttemberg over a derivative product that lost money during the credit crisis.
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Goldman may cut additional jobs and costs: report

Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
Greece must shrink state to avoid default: lenders

Global Recession 2011: It's Real, and It's Going to Hurt

Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.

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