When attendees from a sovereign wealth fund panel in Davos emerged, it wasn't about this topic, until yesterday so hot, that they spoke. Instead, they focused on the woes on Societe Generale, which reported this morning that a fraud by a trader would cost the group 4.9 billion euros ($7.16 billion).
The key to getting any real value out of the meeting is to look past the press releases, the pronouncements, the heart-tugging speeches, and the lofty, almost new age promises of the event's themes. The best takeaway may be to try and figure out those areas where participants seem to be in strong agreement, and then position portfolios for the opposite.
Stocks start the week on a weak note as investors await existing home sales data at 10 am New York time. A flurry of takeover headlines is getting attention, most importantly the revised deal by three private equity firms for Home Depot's service unit. The three buyers, Bain Capital, Carlyle Group and Clayton, Dubilier and Rice, agreed to buy the unit for $8.5 billion, 18% less than the original price agreed in June.
"Does the World Economic Forum have a reason to exist? And two portfolio managers offer investment ideas if an equity pullback occurs.
As the World Economic Forum draws to a close, Maria Bartiromo had a chance to sit down with Intel Chairman Craig Barrett to discuss where he sees opportunities for innovation in the tech sector. Barrett says Intel is squarely focused on innovations in healthcare IT and education. Emerging marketplaces will drive growth in the long-term...
NYSE CEO John Thain says he expects to complete the merger with Euronext in the spring and is looking for other deals as he tries to build a global market. Asia -- and very likely the Tokyo Stock Exchange -- is next in his sights. "We want to build a global exchange," says Thain, who admits the regulatory environment in the U.S. could be more conducive for that. (More)
Steve Sedgewick is faced with the task of leading eighty top chief executives through the intricacies of 'open source', 'al qaeda' and 'market place' models - only in Davos.
Gazprom Deputy Chairman Alexander Medvedev said that idea of an OPEC-type cartel involving Russia, Norway and Algeria are "fantastical." Meanwhile, CEOs are stressing their green credentials at Davos.
Former AOL boss Steve Case tells Maria Bartiromo about the big opportunities in helping consumers find a trusted name in a troubled field. Case has launched Revolution Health Group in a bid to redefine a business and is teaming up with some top retailers to do it. (More)
Following recent disruptions of Russia’s gas supply to Belarus Alexander Medvedev, deputy chairman of Gazprom, stressed the reliability of Gazprom as an energy supplier to Europe.
Intel Chairman Craig Barrett said that that the average selling price of its semiconductors actually rose last quarter. Speaking at the World Economic Forum in Davos, Switzerland Barrett also spoke about providing incentives for math and science education and whether companies can profit from environmental measures.
A vaccination alliance started by an investment from the Bill and Melissa Gates Foundation has saved several million lives, Microsoft co-founder Bill Gates told CNBC's Maria Bartiromo in an exclusive interview. Speaking on the sidelines of the WEF meeting, Gates also said the alliance is working on a vaccination for malaria. (More)
Real estate financing is in the very early stages of a growth cycle and is one of the areas Barclays Capital is focusing on, says chief executive Bob Diamond. Speaking at the WEF meeting, Diamond also told CNBC that growth in the derivatives market is crucial to those in the risk-management business. (More)
BT International President's Francois Barrault talks about maximizing growth and meeting customer needs with CNBC's Maria Bartiromo.