Roundup

The Wall Street Journal reports this morning that a Delphi worker in the US costs on average $65 per hour, while a Delphi worker in China doing the same work costs $3.

Refco in negotiations to sell of part or all of the company, private equity firm JC Flowers seems to be in the lead.

Barron's reports that my former employer, UBS now ranks as the number three private bank in the US, behind only Merrill and Citigroup.

Timothy Burger
timothyb(at)timothyburger.com