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Private equity pioneer Jerry Kohlberg passes away

Jerry Kohlberg, arguably the father of leveraged buyouts, passed away last Thursday from cancer at the age of 90.

Kohlberg led the corporate finance department of Bear Stearns during much of the 1960’s and early 1970’s, where his protegees included Henry Kravis and George Roberts. 239 more words

Finance

Greek stocks tanked as trading resumed for the first time in more than a month

Surprising nobody, Greek stocks tanked in their first day of trading since late June. But the chart is still a sight to behold.

http://atlas.qz.com/charts/Ek3rTU_9

The ATHEX index lost a fifth of its value at the open. 113 more words

百亿美元石油陷阱

《财新周刊》记者 黄凯茜 王晓冰 于宁 制图| 齐林

2015年上半年,中国石油化工集团公司(下称中石化)停掉了两张已经使用七年的信用卡,其中一张卡的使用者是徐京华,一个活跃在中石化安哥拉石油区块中的神秘中间人。

徐京华又名Sam Pa,从2003年起,就为中石化在安哥拉获取石油区块牵线搭桥,也因此获得惊人财富。有熟悉徐京华的人士告诉财新记者,徐拥有七驾私人飞机,其中一架由空客A340改装。徐京华的朋友称其为“徐胡子”,这不仅因为他常年蓄须,也是对其性格的某种调侃——50多岁的徐京华性情奔放,说话时手舞足蹈。他坐着私人飞机往来于中国和非洲,也邀请过很多中国官员和商人同行,展示实力。一家电视台的老板,就曾在徐的私人飞机上“巡视”了安哥拉首都罗安达。

石油是徐京华全部财富的根源,但直接为徐京华埋单的是中石化。安哥拉的石油,如何经由中石化的参与而使徐京华一夜暴富,最终又如何变成中石化的一个难以摆脱的沉重负担?

这是一个漫长的故事。 124 more words

Finance

Former Citigroup and UBS Trader Convicted in Libor Case by CHAD BRAY

NYT business news! A jury in London found Tom Hayes guilty of conspiring to manipulate the global benchmark interest rate.http://ift.tt/1M6w0MJ

Brett Fingerhut

Wall St. Declines as Price of Crude Oil Falls by THE ASSOCIATED PRESS

NYT business news! Stocks opened slightly lower in the United States on Monday as energy companies went along with the price of crude oil.http://ift.tt/1IjXmso

Brett Fingerhut

Former Citigroup and UBS Trader Convicted in Libor Case by CHAD BRAY

Nicky Kundnani recommends New York Times’ new Business Day article
By CHAD BRAY

A jury in London found Tom Hayes guilty of conspiring to manipulate the global benchmark interest rate. 14 more words

Nicky Kundnani

Wall St. Declines as Price of Crude Oil Falls by THE ASSOCIATED PRESS

Nicky Kundnani recommends New York Times’ new Business Day article
By THE ASSOCIATED PRESS

Stocks opened slightly lower in the United States on Monday as energy companies went along with the price of crude oil. 12 more words

Business