Abdulelah Safar

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Private equity funds aren’t nearly as attractive as they think they are

Private equity firms are delusional. A record number—nearly 2,000 of them—are currently out on the road seeking more than $700 billion in fresh funds, according to new statistics from data provider Preqin (pdf).<p>Considering that PE firms haven’t raised anywhere near their targets since the financial …

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.<p>The global lender of last resort, which helped rescue Ireland, Portugal and Greece from bankruptcy, said …

10 Overbought But Strong Dow Stocks

The stock market managed to shrug off the government shutdown Tuesday and closed with nice gains. The market internals were strong with advancing issues leading the decliners by almost a 3-1 margin. This has improved the short-term technical outlook but not enough to be confident that the market …

Feds: Employers can't force payroll debit cards on workers

Paychecks are so yesterday.<p>Many employers prefer to use a prepaid debit card, what’s commonly called a payroll card, to pay their employees. This may be convenient for them, but they cannot force you to receive your wages this way.<p>The Consumer Financial Protection Bureau recently issued a letter to …

Report: Spain Will Likely Extradite The JP Morgan Trader Connected To The London Whale Debacle

Federal prosecutors believe Javier Martin-Artajo, the former JPMorgan Chase trader facing criminal charges in connection with the bank's "London Whale" trading loss, will be extradited to the United States to face trial.<p>At a conference on white collar crime, U.S. attorney Lorin Reisner said, "We …

US shutdown 'risk to global economy', says Draghi

ECB chief warns that protracted Washington stand-off could pose a threat to economic recovery<p>A protracted US government shutdown would threaten the global economy, European Central Bank president Mario Draghi has said.<p>Although Mr Draghi said he did not see the prospect of a US government default, …

Silicon Valley Big-Data Startup Bought for $1B by … Monsanto?

Climate Corporation, which crunches weather data to model agricultural crop risks and yields, is not the average Silicon Valley technology company. …

Mark Cuban Takes on the SEC

How to get the SEC to pay you $14 million

Yesterday, the US Securities and Exchange Commission (SEC) announced that it would give an unnamed whistleblower $14 million for helping it pin down a case against a firm or individuals. The details are hazy—partly because the whistleblower didn’t want to be identified—but the message is clear: If …

Cheaper Advice: Angie’s List Cuts Prices

Consumer-review site Angie’s List Inc. has slashed membership prices by roughly 75 percent in several key markets, in a bid to attract new …

Pivotal makes its first acquisition: Xtreme Labs

Pivotal is buying Xtreme Labs, a Toronto company specializing in mobile application development for retail, banking, media and other industries.<p>San …

SEC website to offer investors more markets data

Initiative comes amid crisis of investor confidence caused by major financial market disruptions<p>Investors in U.S. stocks will soon get electronic access to detailed financial data such as market liquidity and speed, price quotes and trading order cancellations.<p>The initiative aims to improve public …

Lenovo Drops Intel for Qualcomm in Latest K-Series Phone

Intel has had a tough time convincing big-name phone makers to use its chips in their Android devices.<p>The Lenovo K900<p>And the path to acceptance …

Stock market shaken by shutdown — but debt default would be much worse

The stock market is getting a little bumpy as the government shutdown wears on, but if Congress pushes a deadline on the federal debt limit in two weeks, you can buckle up for something much scarier — maybe even a replay of the 2008 financial crisis.<p>The difference: The shutdown, a dispute over the …