I've been following American Railcar (a href="http://finance.yahoo.com/q?s=ARII"ARII/a) for awhile now. It likely showed up on some screen I ran for companies sitting on lots of cash. And cash they have. $13.74/share in cash (the stock trades around $7.40 today). Typical deep value play; half of book value etc. They are also sitting on $275M in debt and a business that is hurting in a difficult economy, but there is some value here. Apparently Carl Icahn also thinks so. He's held shares in American Railcar for a couple of years, but recently raised his stake by a lot in the last quarter (he now owns 54% of the company). It appears he's looking to a href="http://finance.yahoo.com/news/Icahn-company-setting-up-apf-15506456.html?.v=5"take some action as well/a.br /br /ulliStockholders of American Railcar Industries Inc., a St. Charles, Mo.-based company, voted on Wednesday to change the company's incorporation from Delaware to ...

Rocked by scandal, Satyam Computer Services Ltd. (ADR: SAY) is embarking on a massive corporate restructuring, but with India’s reputation as an investment destination and world leader in information technology at stake, time is of the essence and the government could be forced to step in with a financial bailout.

“We are considering all options and will soon announce definite steps to help the company overcome the current crisis as it is the question of saving jobs and an international brand,” Commerce and Industry Minister Kamal Nath said Monday. “The Prime Minister is closely monitoring the developments on Satyam.”

Indian authorities last Friday detained former Satyam Chairman B. Ramalinga Raju on charges of forgery, breach of trust and criminal conspiracy after the founder of India’s fourth-largest software exporter confessed to falsifying about $1 billion in cash on Satyam’s books and exaggerating

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Joe BidenJoe Biden's Hedge Fund TiesIn an effort to cover the top 2-3 hedge fund centric news stories each day related to hedge funds here's a piece on Joe Biden's family and their ongoing legal battle regarding a hedge fund business.A son and a brother of Sen. Joe Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went sour, court records show.The Democratic vice presidential candidate's son Hunter, 38, and brother James, 59, assert instead that their former partner defrauded them by misrepresenting his experience in the hedge fund industry and ...

The news of this court ruling allowing Rosneft and Gunvor to remain opaque about their commercial relations is a prime example of Russia's state capture. It's no wonder that so many speculate that Gunvor is the biggest siloviki piggy bank. A Russian court left a veil of secrecy over oil trader Gunvor on Wednesday, rejecting a private shareholder's lawsuit demanding state oil company Rosneft disclose dealings with the firm. Moscow Arbitration Court Judge Alexei Manenkov ruled disclosure of the information to shareholders was not required under Russian corporate law. Rosneft had said its dealings with Gunvor were a commercial secret. Gunvor handles a third of Russian oil exports and has repeatedly won rights to export a large share of Rosneft's Urals blend crude in regular tenders by the state owned company, Russia's largest producer of crude. The company's co-owner, Gennady Timchenko, has rejected speculations he enjoyed special ties with former president ...