Word: stockely
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...that markets Marvel-Minis, three separate light-based devices that are claimed to tackle acne (blue light), wrinkles (red) and sun spots (green). The brush-shaped tools ($225 each), which have not yet gotten the FDA's nod, went on sale at Nordstrom in April. "We ran out of stock in the first 30 days," boasts Sherif. "And I got phone calls from [potential partners and buyers] after just 20 days of being in business. Can you believe it?" Dee Rodriguez, president of Coastal Products International, the U.S. distributor of ilift, an antiaging device using infrared light, which was originally...
...more specific, buying it. In September another dizzying array of multibillion-dollar deals became public, notably Dubai's bid to acquire a 20% stake in NASDAQ, the high-volume New York City-based stock exchange known for its listing of star tech firms including Apple, Cisco Systems, Dell, Microsoft and Yahoo! Dubai's move demonstrates the fulsome financial power of a region possessing tidal liquidity--as much as $2 trillion, by some estimates--built up by two years of oil prices topping $60 per bbl. "Nothing can stop them," says Hassan Heikal, CEO of EFG-Hermes, the region's leading...
...World, to sell its control of U.S. port operations. If the deal goes through, the government-controlled Borse Dubai would get 5% of the voting rights and two seats on NASDAQ's 16-member board. Dubai will also get the 28% share that NASDAQ holds in the London Stock Exchange (LSE). In the past year, Dubai companies have also gambled on a $5 billion investment for a 9.5% share of MGM as well as a piece of MGM's new CityCenter in Las Vegas, fashioned a $942 million takeover of the retailer Barneys New York and bulldozed a $1 billion...
...outdone, Dubai's regional rivals have been making some bold global deals of their own. Doha's Qatar Investment Authority is seeking some $2 billion worth of shares in two European stock exchanges, the LSE and Stockholm's OMX, as well as the purchase of the U.K. supermarket giant J Sainsbury. Abu Dhabi, like Dubai, a constituent part of the United Arab Emirates, says its Mubadala Development Co. will pay $1.35 billion for a 7.5% share of the U.S.-based private-equity investment firm Carlyle Group, which owns a diverse range of megacompanies, from chipmaker Freescale Semiconductor and nursing...
...books. It also disclosed that it's holding almost $135 billion in securities for which there are no observable market prices--meaning that their valuation is determined by guesstimation--and is involved with another $167 billion in off-the-books CDOs and special investment vehicles. The normally mild-mannered stock and credit analysts who follow the firm reacted with downgrades and criticism--their main complaint being that Citi had been so slow in fessing up to problems that they fear more to come...