Researchers Re-Engineer E-Coli DNA To Make It Programmable

Currently, Bajaj’s Boxer brand “commands a market share of 90% in Uganda, 40% in Nigeria, 35% in Angola and 30% in Kenya”, the statement said adding that “one of the main success factors, apart from the quality of the motorbike has been the company’s ability to cater to the service and spare parts requirements of its customers in these countries”.

Bajaj Auto also announced it has teamed up with SOMOCO, a locally-owned Indian company in Ghana and a subsidiary of the Mohinani conglomerate, to distribute its products in its 51st global market.

"Ghana’s motor-bike market is estimated to be about 100,000 units per annum," Bajaj Auto said adding that "demand has grown rapidly in the last few years thanks to a growing middle class. The company aims to be the market leader in three to five years time".

Bajaj Auto said the company would initially target the utility and commuter segment through its immensely successful motorbike brand which comes in two variants - the 100cc version and the powerful 150cc version.

KKR & Company Named Top Dividend Stock With Insider Buying and 8.80% Yield (KKR)

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably [...]

KKR was named the top Dividend stock by Forbes. They also recently brought General David Petraeus on to head up their Global Division 

3 early investors in Twitter will make 2x their entire FUND on Twitter IPO

These are some insane numbers to think about: (nearly) all 3 of the firms who invested in Twitter early on will make 2x their entire FUND in returns on the Twitter IPO. Talk about a bet paying off big time. Comment on this post and others you love. Finally, comments on Tumblr posts! Learn how. Posted by Patrick Hannigan.

Private Equity has a new Lobbyist: Ken Mehlman

Ken Mehlman former head of the RNC and the public affairs chief at KKR is now the top lobbyist for the private equity industry. Mr. Mehlman was elected on Thursday to be the chairman of The Private Equity Growth Capital Council.

PEGCC is the most prominent advocacy group for equity and capital firms such as TPG Capital, Silver Lake, Apollo Global Management, Carlyle Group and Blackstone Group. PEGCC was launched in 2007 and is currently being run by president and chief executive officer Steve Judge. Mehlman is succeeding Mark Tresnowski in this position. Tresnowski was a top lawyer for Madison Dearborn Partners.

“As a member of the PEGCC’s Board of Directors, Ken has long been a driving force behind our major initiatives,” said Steve Judge, PEGCC President and CEO. “We’re very pleased to have him as our new chairman. Ken is a unique talent with two decades of experience at the highest levels of government, politics and business. The PEGCC and our members will benefit tremendously from his leadership, advice and counsel.” 

Mr Mehlman's primary responsibilities will be to help expand the PEGCC's outreach as well as educate and engage stakeholders about the value of the private equity industry. At KKR Mr. Mehlman has had a large role in formalizing KKR's outreach efforts including creating robust environmental, social and governance programs for the firms and its portfolio companies. 

“I’m privileged to succeed Mark as Chairman of the PEGCC,” said Mr. Mehlman. “I have enormous respect for the PEGCC’s important work engaging with public policy makers to encourage more economic growth and retirement security for millions of Americans. I also share the PEGCC’s goal of building a community of investors who seek superior returns while also emphasizing active, responsible governance, long term investment and measuring success in years not quarters.

“I would personally like to thank Mark for his invaluable contributions and leadership for PEGCC and the industry as a whole throughout his tenure as Chairman,” said Steve Judge, PEGCC President and CEO. “From our many legislative battles over carried interest and the Dodd-Frank Act to the 2012 presidential election that brought our industry into the national spotlight, Mark provided the PEGCC with exceptional leadership."

3 Reasons Why Buy Side Analysts Believe Adobe Will Beat Wall Street Expectations

Adobe (ADBE) is expected to report FQ3 2013 earnings on September 17th after the close. The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors.

Philadelphia sells PGW

Philadelphia Gas Works is being sold as advised by Lazard Ltd.  The administration of Philadelphia Mayor Nuttter continues to build a case for the sale of the Philadelphia Gas works. They released a cost benefit analysis showing how the sale would be good for the taxpayer. This new report was completed by financial advisory firm Lazard. The report estimates that the sale of PGW will be for between $1.45 billion and $1.9 billion. This sale will yield a net profit for the city of between $422 million and $872 million after PGW's debts are paid. Budget Director Rebecca Rhynhart claims the report is a conservative estimate of the value of PGW. She bases this on the opportunities that exist for new business opportunities and rate increases in the future. Mayor Nutter would like the money from this sale to go towards the city's pension system which is currently underfunded. Critics of this sale point out that the sale of PGW will lose the city $18 million in a year. Rhynhart claims that this will be made up for by additional room in the budget from the now funded pension funds.

http://aclassasset.blogspot.com/2013/10/philadelphia-sells-philadelphia-gas.html

The “Mulher Caixa de Poupança e de Crédito” bank, the first bank focused on businesswomen in Mozambique was inaugurated in the city of Matola, Maputo province, Mozambican news agency AIM reported.

The agency said it was the first financial institution focused on financial solutions for the needs of businesswomen.

Board advisor Natividade Bule said that the new financial institution was the result of a partnership between women’s organisation “Ntamu”, and Gapi, a financial institution focused on development.

Why is your credit card APR so high? Yahoo Finance’s Lauren Lyster explains in this new #JustExplainIt video: http://yhoo.it/19kQhaC