Gold Has Become The Most Hated Commodity Lately. What Happened To The Days When Everyone Had To Own The

Earlier this afternoon, it was Steve Cohen’s final fall from grace. Now, Bloomberg reports that Brazil’s one time super billionaire, and now negativeworthaire, Eike Batista, whose sprawling petroleum empire was once valued in the tens of billions, is set to file for bankruptcy tomorrow.

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The Commodity Futures Trading Commission is investigating the high fees charged to investors in the $337 billion managed futures market.

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http://www.youtube.com/watch?v=7GMs5DUfCf0&feature=youtu.be

Awesome video and great music of The Weather Machine

http://weathermachinemusic.com/

KKR to invest in China

Supported by their global institute run by David Petraeus and Ken Mehlman KKR has been expanding into Asian markets. In China specifically they have recently agreed to buy a 10% stake in Qingdao Haier Co Ltd. a large appliance maker. This stake in QHC is KKR's biggest investment in China to date and is their third asian deal with in a week. The investment is speculated to be around $550 million, a small portion of their $6 billion Asian investment fund. KKR expects to see a large growth in the appliance market in China, at lease 1/5th in the next two years and they are not the only ones. Two months ago Whirlpool Corp, the worlds larges appliance maker also invested a similar sum into China. 

Lazard has announced principal offering

Lazard has announced that one of its subsidiaries Lazard Group LLC, also known simply as the Lazard Group, is commencing principal offer of senior notes due in 2020. The offer will be worth $500 million and the notes will be issued by Lazard Group. They will be offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission, they will be senior unsecured obligations of Lazard Group. In addition to the notes offering the Lazard is starting a cash tender offer. This offer will be for all its outstanding 7.125% of senior notes due May 15th, 2015. With these existing notes, Lazard Group expects to exercise its right to redeem all existing notes not purchased in the tender off at a make-whole price. The group intends to use the profits from the notees offering along with cash to purchase or redeem all of its outstanding existing 2015 notes and to pay fees and expenses related. There are a number of groups acting as dealer managers for the tender offer, they include: Citigroup Global Markets Inc., Goldman, Sachs & Co., and Lazard Frères & Co. LLC.

Master 1,775 S&P Level Tagged: Market Bounces Perfectly $$$

The Great Chicago Pizza Debate: Chicagoist just released its list for the Top 20 Best Pizzas in the Chicago Area, with Pizzeria Da Nella, Father and Sons Pizzeria and Cafe Luigi earning spots. Did your fave make the cut?

VIDEO: Time Cover Calls Christie ‘Elephant in the Room’ 

Time’s latest cover features NJ Gov. Chris Christie with the words “the elephant in the room.”

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