“Facebook is Overvalued” says Bloomberg Poll

Goldman Sachs recently invested $450 million in Face book in a deal which valued the website business at $50 billion.  However 51% of respondents to a recent Bloomberg poll say the firm’s valuation signals the “beginning of a dangerous new bubble”. The poll was conducted by Des Moines, Iowa-based Selzer & Co. for Bloomberg and … Read more “Facebook is Overvalued” says Bloomberg Poll

Business: Qatari Investment in Indian Education Company

QInvest, a Qatari investment bank, has acquired a stake in FIITJEE Limited of India, which produces test preparation materials for engineering and medical course entrance examinations. FIITJEE was founded in 1992 by Dinesh Kumar Goel initially to train students for the highly competitive entrance examinations for the prestigious Indian Institutes of Technology (IITs). Currently, the … Read more Business: Qatari Investment in Indian Education Company

SEC Charges Goldman Sachs with Fraud

The USA Securities and Exchange Commission (SEC) has charged Goldman Sachs Group Inc with fraud today, for the structuring and marketing of sub-prime debt products. The SEC makes allegations that Goldman Sachs withheld information about the nature of a CDO, called ABACUS. 99% of this CDO, within just 9 months of being structured by Sachs, … Read more SEC Charges Goldman Sachs with Fraud