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Report: Goldman Sachs To Buy Mortgage Servicing Unit Of C-BASS LLC ...
10/3/2007 10:30:54 PM Goldman Sachs Group Inc. (GS) is expected to buy Litton Loan Servicing, a mortgage-servicing unit of Credit-Based Asset Servicing & Securitization LLC, a subprime-mortgage firm also known as C-BASS LLC, the Wall Street Journal has reported, citing a person familiar with the matter.
It is to be noted that C-BASS, an affiliate of MGIC Investment Corp. (MTG) and Radian Group Inc. (RDN), has retained The Blackstone Group (BX) as its financial advisor to assist in the completion of the process of obtaining more permanent capital to help solve the liquidity challenge it currently faces.
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Grupo Mexicana Submits Takeover Bid For Between 51% And 100% Of Shares Of Consorcio Aeromexico's Capital Stock - Quick Facts [CAERF.PK]
10/3/2007 10:14:09 PM Wednesday, Grupo Mexicana said that it has submitted a takeover bid for Consorcio Aeromexico (CAERF.PK).
Sell-off new blow for Centro
UBS Global Asset Management sold about $8.6 million in Centro scrip on Thursday last week, taking its holding from 6.32 per cent to 5.26 per cent, the finance giant told the stock exchange yesterday. The latest sell-down follows an earlier sale of 2.31 per cent, revealed on Friday. One of Centro's biggest boosters, UBS bought stock in the company even as it melted down, snapping up stock valued at about $12 million on December 19, two days after it revealed its finance black hole. Meanwhile, Centro boss Andrew Scott played down the impact of a rate hike on a $350 million loan taken out by its US fund, Centro NP. "It's a negligible impact because we don't have any intention to issue new bonds,'' he told BusinessDaily. Loans from the $US3.7 billion ($4.24 billion) fund, which was downgraded to junk status on Thursday, were packaged as commercial mortgage-backed securities and onsold by Merrill Lynch.
Cocaine vaccine in the pipeline?
For a decade, researchers have been developing and fine-tuning a vaccine that they hope will one day alleviate the suffering of persons addicted to cocaine. It now appears that success may be imminent once the United States Food and Drug Administration (FDA) grants approval for clinical trials to commence. Dr. Tom Kosten, a psychiatry professor, and his wife, Therese Kosten, a psychologist and neuroscientist, researchers at Baylor College of Medicine in Houston, Texas, have been diligently working on a vaccine that may be the first ever to help people hooked on cocaine. This is exciting ground-breaking research, but the task facing the Kosten's is enormously challenging. "For people who have a desire to stop using, the vaccine should be very useful. At some point, most users will give in to temptation and relapse, but those for whom the vaccine is effective [they] won't get high, and will lose interest," said Dr.
Cocktail Chatter: NFL Playoffs Edition
Dan and Keith were simultaneously reverent and ironic toward the sports world and its history. They loved the old athletes and the old sportscasters, but instead of citing them in studious on-air footnotes, they used them in an increasingly fragmentary and hysterical game of tag-team free association. As The Big Show reminds us, Olbermann would tweak the clichés of sports injury lists by wise-cracking, "He's 'day to day'—we're all day to day." If a highlight video showed "players or fans who do not seem as happy as they should be" after a big play, he might reach beyond sports and offer a deadpan Monty Python reference—"And there was much rejoicing"—to punctuate the visual irony. .
Rules of the game(ing) - Taking a look at bar gambling in La Crosse
What about riverboats, Indian casinos, Nevada, Atlantic City, cruise ships, foreign countries, horse and dog tracks and the INTERNET? Cards, dice, pool tables, darts, cribbage and even HEADS OR TAILS on every coin in your pocket! It is more dangerous gambling trying to cross South Ave by Riverfront and A+W during rush hour and that is something the Tribune should focus on TRAFFIC PROBLEMS " .
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