Opalesque – For the US financial markets, as the credit crisis unfolded there was, along with the desire for immediate action, a sense that the government was taking temporary steps until the election would decide which administration would be the next to hold office.

As the November 4th election has determined the next US President to be Barack Obama, hedge fund managers gathering at the Walkers "Fighting the Tape" seminar on Thursday (November 6th) will include in their discussions on the outcome of the Presidential Election and the direction of the hedge funds industry.

"I do not look for a President-elect Obama to increase taxes on successful individuals as he has proposed. It is one thing to get elected, another to govern." Professor Jeffrey Rosensweig, Director of the Global Perspectives Program at Goizueta Business School of Emory University told Opalesque. A speaker at the "Fighting the Tape" seminar, Prof. Rosensweig will examine the global economy, market trends, changing demographics and global opportunities for investors and investment managers. "Given the backdrop of looming recession, he will realize this is no time to raise taxes on those who create jobs and/or put capital to productive use, and would face the disincentive of high marginal tax rates which he currently proposes."

Read Complete Article

Tags: cancellations, carnage, combination-of-the-two, dealer-operations, echelons, eton-park, federal-election-commission, new-south-wales, pundits, quarterly-survey, security-education, shanghai-composite, trading-sessions

New York (HedgeCo.Net) – Microsoft CEO Steve Ballmer declared that they are “done” pursuing Yahoo and focused instead on Microsoft’s need to invest in its internet businesses.

However, the past six months of on-again, off-again talks with Yahoo have critics wondering if in fact the door is actually closed on this infamous almost-merger. 

"We had a set of principles, we talked about them, it didn’t work out," he said. "Fine, we’re done. We can move on."

Microsoft Chief Financial Officer Chris Liddell added, "The chances of us buying Yahoo on a full acquisition basis are so small that they are essentially negligible."

Instead, Microsoft announced it had expanded its current deal with the internet social networking site, Facebook.  In addition to displaying ads on Facebook pages, they will also provide web search and search advertising for its 40 million+ U.S. users. 

The rhetoric also focused around the fact that Microsoft’s attempt at an acquisition of Yahoo was mainly to better position themselves to compete against Google.  However, with Microsoft’s new strategies in place, their one-time need for Yahoo will become obsolete. 

"This is a two-horse race,” exclaimed Ballmer.  ”It is about Microsoft and Google."

The backdrop was Microsoft’s annual meeting with Wall Street analysts at its headquarters in Redmond, Washington.   Ballmer discussed the potential of its online services division as well as emphasized how important it is to capitalize on future opportunities.

"There is this huge, huge, huge new opportunity around the Internet and online and we have to embrace that opportunity and invest in that opportunity."

 
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. For more information, visit www.hedgeconetworks.com

Tags: chief-executive, due-diligence-service, echelons, grab, microsoft-corp, restitution, silicon-valley-company, volatility