Nirav D. - Rutgers ASI

Facebook deal

Posted by Nirav D. - Rutgers ASI on April 11, 2011 8:58pm

HedgeFundLive.com —  The winklevoss twins claimed that Mark Zuckerberg stole their idea about facebook and they deserved a settlement. The took this to court and agreed on the settlement. At that point, they undervalued the phenomenon that is facebook and only asked for 45 million in facebook stocks. At the time they agreed on the settlement, they were probably really excited about this deal. It was some amount of cash along with the 45 million in facebook stocks. Recently the twins have realized the value of facebook and want to back out of the deal. They realized that they have made a mistake in asking for that amount. According to the judge they cant back out of the settlement and have to follow protocol. This is good and bad for the twins because they atleast got some money. If they overestimated the company they would have not been able to settle and got less than the current amount, so even though they want more money, they should be happy with what they have.

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Posted in Business | Tagged facebook, mark zuckerberg, winklevoss twins | 1 Comment (RSS)

Libya

Posted by Nirav D. - Rutgers ASI on March 25, 2011 9:47pm

HedgeFundLive.com — Its been almost a month since Libya’s hated leaders called its people cockroaches and asked his supporters to ride the nation of them. Since then Qadaffi has killed many of its citizens and hasn’t been blamed for it since recently. US and European forces stepped into take control but it has been atleast a week and still Qadaffi seems intact. In the meanwhile, oil prices are fluctuating up and down, but the trend is mostly up. Also with summer approaching, the oil prices will skyrocket on top of the already high price for barrel. If Libya is liberated, will this effect the oil prices, or will the conglomerates of the oil industries use Libya as an excuse to keep the oil prices up. I fear the second is most likely happening.

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Posted in Middle East | Tagged Europe, libya, Qadaffi, US | Leave a Comment (RSS)

BP’s problem

Posted by Nirav D. - Rutgers ASI on March 24, 2011 10:22pm

HedgeFundLive.com -   BP decides to explore the arctic for drilling in order to make up for the lost they suffered in the gulf spill. In the gulf oil spill, they were forced to put aside $40 billion dollars to make up for the damage they cost. On top of that, they lost gallons of oil. Since BP didn’t have all the money on hand, they were forced to sell off their assets all around the world to get the money. Now they are trying to regain some of the lost fund by drilling in the arctic. Their partners in TNK-BP strongly oppose this idea of expansion. BP has to, in some sense follow the sayings of their Russian partners, since a quarter of their global output comes from Russia. Wall Street analysis have come up with different theories for this opposition from TNK-BP partners. One reason is that the Russian partners are looking for share of profits from the future revenues in Arctic and other is that TNK-BP is hoping that BP buys them out. Either way, BP has to make the initiative. People would think that the gulf oil spill was their only problem, but now it is obvious that BP has more on its hands.

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Posted in Business | Tagged BP, Gulf oil spill, Russia, TNK-BP | Leave a Comment (RSS)

Same old story

Posted by Nirav D. - Rutgers ASI on March 23, 2011 11:32pm

HedgeFundLive.com-    A new day begins, but the same story is repeated in the Galleon trial. Former employee of Goldman Sachs is accused of laundering information to Raj Rajaratnam, head of galleon group. This trial has been going on for some time and no saying when it will come. Recently, the CEO of Goldman Sachs, Lloyd Blankfein, testified in the trial. He tried to play it safe when it came to his former employee Rajat Gupta and his main investor, Raj Rajaratnam. He was asked questions if Goldman Sachs knew of the suspicious behavior and he tried to talk away from allegations. He doesn’t want Goldman Sachs in trouble for this insider trading problem. Blankfein rather have it that one employee get in trouble, than the whole organization for trade fraud. The future holds the key, but judging by the court system, it will a slow future.

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Posted in Business, Insider Trading | Tagged CEO, Goldman Sachs, john dowd, Raj Rajaratnam | Leave a Comment (RSS)

Amazon goes mobile

Posted by Nirav D. - Rutgers ASI on March 22, 2011 5:13pm

HedgeFundLive.com-    Recently it has been announced that Amazon will now sell Android apps through its website. This means that android users can go directly on the Amazon website through their phone and access the apps they want to buy. In order to promote this, Amazon is giving free apps everyday to users who go on Amazon. This announcement has received heat from other competitors in the market. This dethrones google, who usually sells the android app. Also, to compete with google, Amazon has better their website by rating apps and protecting users phone by protecting against malware. The new store is called appstore and it has been sued by apple due to the name it has. Apple claims that people will be misled since the names are the same. Amazon has done anything yet with that, but something will work out in the future.

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Posted in Business | Tagged Amazon, Android, Apple, appstore, google | Leave a Comment (RSS)

ATT steps in

Posted by Nirav D. - Rutgers ASI on March 21, 2011 10:09pm

HedgeFundLIVE.com-  AT&T steps in and plans on taking over T-mobile. This was a deal that was going to happen with Sprint as a merger with T-mobile. With Sprint, it was just talks but with AT&T is talks with numbers included. The price for T-mobile is 39 billion dollars. The news of AT&T stepping in and buying out T-mobile affects all three big companies. This  move will make AT&T the top cell phone service provider in US, and it takes sprint out from competing with Verizon and AT&T. If Sprint bought out T-mobile, then it would be a whole different story. In this case, consumers would have choice in the service they could use since each company would try to undercut the other. Also, it would throw out any ideas of a monopolistic company that is going to happen with the AT&T takeover. So currently, AT&T has a year till they takeover the company, so until then, if Sprint can’t do anything to expand, verizon might buy it out.

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Posted in America, Business, Economy | Tagged at&t t-mobile deutsche telecom | Leave a Comment (RSS)

Helping Japan

Posted by Nirav D. - Rutgers ASI on March 16, 2011 8:55pm

The crisis in Japan is increasing day by day. There are still skeptics about the nuclear reactor and what could happen as more information is revealed. France has taken command in discussing with the G7 countries and their respective bankers to asses with the crisis in Japan. Also, next month talks have been scheduled with the International Monetary Fund and the World Bank, on how to follow up with the crisis in Japan. US have lend a hand to Japan but not as much as they have in Haiti. Experts say this is because Haiti is one of the poorer countries in the world and Japan is wealthy enough to be well off. This doesn’t mean they don’t need help, it just means that countries do not need to out of their way to help Japan. I am sympathetic to Japan and its people about what happen, but looking at it from a financial aspect, I believe some experts are right.

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Posted in America, Economy | Tagged Haiti, IMF, Japan, World bank | Leave a Comment (RSS)

NCAA march madness

Posted by Nirav D. - Rutgers ASI on March 15, 2011 3:00pm

HedgeFundLIVE.com — Besides the super bowl, March Madness has to be the second most watched event. Some people watch it for their colleges while other watch it for the bets they have made. All the profits from these go to either the colleges participating in the tournament or the TV networks broadcasting the event. The NCAA does not gain any revenues from these event. On the other hand, bracketology is the main focus of this tournament. Who will be the top seed, who will be the underdogs and who will be the final four when it all comes down to the wire. Everyone knows it is almost impossible to fill out a perfect bracket, but here are some statistics that might help you get there. Since 1938, the #1 ranked team according to the AP, USA and other polls have only won the tournament 21 times, and none since 2001. So this year, it is going to be hard for Ohio State but easily attainable. Also you should only focus on other games besides the first round games that involve the #1 seed. A #1 seed has not lost to a #16 seed, EVER. Also, in the final four, include a #1 seed because there has been only two years, that a #1 seed has not made it. These are the basics according to history, but a fact that will help is a team with good rebounders and rebounding percentage. This is the key to a championship team.

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Posted in Sports | Tagged #1seed, college basketball, march madness, ncaa, Odds, upsets | Leave a Comment (RSS)

Nuclear Crisis in Japan

Posted by Nirav D. - Rutgers ASI on March 14, 2011 11:44pm

Japan’s economy is definitely taking a hit due to the recent crisis but Japan is suffering socially as well. There are thousands of people declared dead and more as the days go on.  There are broken roads and broken bridges and to add to these fallen infrastructure, Japan has a Nuclear Crisis on hand. It has been said that this could be the worst crisis since Chernobyl. With all these crisis, it is impossible to say when Japan will recover. Japan has to recover for the the lost of infrastructure, and plus start from scratch with those companies that have completely crumbled. The whole world knows Japan will recover, the question is when.

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Posted in Business | 1 Comment (RSS)

Japan’s Tsunami

Posted by Nirav D. - Rutgers ASI on March 11, 2011 11:56pm

By now, everyone has heard about the earthquake that struck Japan.  It was measured as a 8.9 and it triggered a Tsunami alert. The quake destroyed many lives and infrastructure in Japan. The economical toll has not been estimated but it is suspected to be worst and predicted. All the industries attacked by this disaster were forced to shut down production and evacuate their area. Even worse, there has been a nuclear emergency declares in which the Japanese government evacuated the people living nearby those plans. The quake occurred 200 miles away from Tokyo and yet it still took an huge economical toll on the country. Japan is currently the 3rd largest economy in the world, so this earthquake is obviously a big hit on itself, but it also hurts other countries that rely on Japan for business dealings.

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Posted in Economy, Uncategorized | Tagged Earthquake, Japan, Tsunami | Leave a Comment (RSS)