Archive for March, 2009

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Despite poor data from Chicago Purchasing Managers and on the consumer confidence side, stocks jumped back. It turns out that the world decided yesterday’s sell-off was just a buying opportunity for bargain hunters. A change may be coming Thursday to “mark to market” from FASB. The bad news was that we had a another negative quarter, but this marked an up-month for the broad index readings. Finally.

Here are today’s unofficial closing bell levels:

Dow 7,603.98 +81.96 (1.09%)
S&P 500 797.51 +9.98 (1.27%)
Nasdaq 1,528.59 +26.79 (1.78%)

Top Analyst Upgrades
Top Analyst Downgrades

Continue reading Closing Bell: Down quarter, but finally an up-month (AMZN, BAC, F, GOOG, DIS)

Closing Bell: Down quarter, but finally an up-month (AMZN, BAC, F, GOOG, DIS) originally appeared on BloggingStocks on Tue, 31 Mar 2009 16:00:00 EST. Please see our terms for use of feeds.

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Times are particularly tough for VC funds. The IPO market is a ghost-town. M&A is muted — with fairly low valuations. By all accounts, it looks like the returns for VC funds will be dismal.

But, interestingly enough, this is likely the best time to start a VC fund. After all, it takes several years for startup firms to get critical mass. Plus, it’s easier to structure juicy terms on deals.

Continue reading Google Ventures takes flight

Google Ventures takes flight originally appeared on BloggingStocks on Tue, 31 Mar 2009 13:10:00 EST. Please see our terms for use of feeds.

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Auto news saps stocks - Denver Post
Mar 31: State automobile dealers sorry to see Wagoner go Obama rejects revamp plans Chrysler workers state treatment is unfair Japan feels tied to U.S. Chrysler, Fiat discuss deal Businessman offers incentive to purchase automobiles GM bankruptcy risk rises, says new CEO

French and Benelux stocks - Factors to watch on March 31 - Forbes
PARIS, March 31 (Reuters) - Below are leading stories from French and Benelux newspapers and company-related news which could have an impact on the region’s markets or individual stocks. The new army-backed president of Madagascar, Andry Rajoelina

Asian Stocks Fall, Paring March Rally, on Policy Skepticism - Bloomberg
March 31 (Bloomberg) — Asian stocks fell, paring the regional benchmark index’s rally this month, amid concern government stimulus plans worldwide will take longer than some investors anticipate to revive global growth. Mizuho Financial Group Inc

Stocks sink over concern for US large banks and automakers - Independent
Stocks tumbled on both sides of the Atlantic as the focus shifted back to the US economy and concerns over the state of America’s big banks and automakers. Markets lost ground from the opening, with Dublin closing the day showing a loss of almost 2pc

Investing in Renewable Energy, Environment and Water Stocks - 24-7PressRelease.com
Investorideas.com and its leading green investor portal, www.RenewableEnergyStocks.com, provide investors with tools and resources to participate and invest in renewable energy, water and environment stocks. POINT ROBERTS, WA and DELTA, BC, March 31

Stock & fund quotes - ninemsn
(For the latest Australia and New Zealand bond news, double click on [AU/CRD] and then double click on the ID number) SYDNEY, March 31 (Reuters) - Australian regional lender Bank of Queensland plans to sell A$669 million ($454 million) of

Nifty crosses 3000; realty, IT stocks gain - Economic Times
MUMBAI: Equities opened higher on Monday in line with Asian peers. All sectoral indices were trading higher with realty and technology stocks leading the upmove. Bombay Stock Exchange’s Sensex rose 123 points to 9691. National Stock Exchange’s

Italian Stocks - Factors to watch on March 31 - Reuters
U.S. carmaker Chrysler CBS.UL, its shareholder Cerberus and Italy’s Fiat have reached an agreement on a global alliance, supported by the U.S. treasury, Chrysler stated in statement after the U.S. government announcement on the auto sector. Chrysler is

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Dividend Declaration: Delaware Investments(R) Dividend and Income Fund - StreetInsider.com
PHILADELPHIA, March 30 /PRNewswire-FirstCall/ — Today, Delaware Investments Dividend and Income Fund, Inc. (the “Fund”), a New York Stock Exchange-listed closed-end fund trading under the symbol “DDF,” declares a monthly dividend of $0.0575 per

Dividend Declaration: Delaware Investments(R) Global Dividend and - MSN MoneyCentral
PHILADELPHIA , March 30 /PRNewswire-FirstCall/ — This day, Delaware Investments Global Dividend and Income Fund, Inc. (the “Fund”), a New York Stock Exchange-listed closed-end fund trading under the symbol “DGF,” declares a monthly dividend of $0.0575

Dividend Declarations: Delaware Investments(R) Municipal Income Funds - Earthtimes
PHILADELPHIA , March 30 /PRNewswire/ — Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund

Egidaco Investments PLC, the Parent Company of TCS Bank, Sends out the - Businesswire.com
Egidaco Investments PLC (“Tinkoff”)(STO:22656), the parent company of ‘Tinkoff Credit Systems’ Bank (TCS Bank), announced this day that the new Bondholder Proposal and the relevant documents has been sent this day. Given the results in the previous

CWCapital Investments Hires A.J. Sfarra - Businesswire.com
NEEDHAM, Mass.–( BUSINESS WIRE )–CWCapital Investments (CWCI), a commercial real estate investment management firm, this day announced that it has hired Anthony “A.J.” Sfarra as Senior Vice President. Mr. Sfarra is charged with expanding CWCI’s

ETFs can be an attractive alternative to mutual funds - Austin American-Statesman
COMMENTARY: SCOTT BURNS ETFs can be an attractive alternative to mutual funds For older investors, fixed-income investments are a good idea Tuesday, March 31, 2009 Q: I certainly concur with your current column telling younger investors not to bail on

The Charming Mr. Piedrahita Finds Himself Caught in the Madoff Storm - Wall Street Journal
Andrés Piedrahita’s job title for the past two years was managing partner of Fairfield Greenwich Group, the hedge fund that lost $6.9 billion to Bernard Madoff’s pyramid scheme. But Mr. Piedrahita’s real job, he once told a friend, was “to live

Fidelity Says Retirees’ Health Care Costs Jump - Banker & Tradesman Online
Mutual fund company Fidelity Investments is painting a troubling picture of escalating health care costs for retirees. Boston-based Fidelity says a 65-year-old couple retiring this year will need about $240,000 to cover medical expenses, even with

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Right now, over at Hulu.com — a joint project of News Corp. (NYSE: NWS) and General Electric Company’s (NYSE: GE) NBC Universal, viewers can check out current editions of, for example, The Daily Show or Man Caves, among many other programs normally viewed on cable networks such as Comedy Central or the DIY Network. Viewers need a computer and a high-speed Internet connection to catch these programs, but they don’t need a cable subscription (or even a television!).

Continue reading Cable companies working to curb free on the web Television

Cable companies working to curb free online Television originally appeared on BloggingStocks on Mon, 30 Mar 2009 18:00:00 EST. Please see our terms for use of feeds.

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Detroit newspapers offer one-time free editions - Lansing Say Journal
DETROIT - The publishers of the Detroit Free Press and The Detroit News offered free copies of their newly slimmed-down editions on newsstands Monday, looking to jump-start a bold experiment in the economics of the newspaper industry in which both

White Home moves dramatically on auto industry - Memphis Commercial Appeal
WASHINGTON — President Barack Obama declared today that General Motors and Chrysler restructuring plans were too tiny too late, leaving him no choice but to push out GM’s chief executive and set a one-month deadline for Chrysler to merge with

Obama: We Cannot Let Auto Industry Vanish - CBS News
E-Mail Story (CBS/ AP) President Barack Obama is sending a blunt message to Detroit automakers: To survive - and win more government help - they must remake themselves top to bottom. Driving home the point, the White House ousted the General Motors

Former Eurythmics’ Annie Lennox Blasts ‘Vile’ Music Industry - Post Chronicle
Former Eurythmics star Annie Lennox finds it difficult to trust people in the music industry - after experiencing how “vile” executives in the business can be. Lennox has found worldwide success as a singer, selling more than 80 million records

Qatar Eyes German Auto Industry - Forbes
In crisis, there’s opportunity. Billionaire sheik Hamad bin Khalifa Al-Thani said on Monday that Qatar plans to invest in the troubled German auto industry, as stock markets in the U.S. and Europe are dragged down by auto stocks . “For sure we’ll

Obama’s Remarks on the Auto Industry - New York Times Blogs
Doug Mills/The New York Times President Obama, with members of his economic team, spoke about the American automotive industry at the White Home. President Obama announced what amounts to a do-or-die ultimatum for the struggling automobile industry

General Motors statement on auto industry restructuring - Thaindian.com
Today’s announcement by President Obama begins a new era for the U.S. auto industry. It also marks a defining moment in the history of General Motors. The U.S. Treasury will provide working financing capital for GM for 60 days while GM completes a

Martinez Supports Auto Industry Bailouts - Tampa Bay Online
TAMPA - Sen. Mel Martinez expressed support for more bailout funds for General Motors and Chrysler, saying the federal government “cannot allow” the U.S. auto industry to fail. “We’ve made a commitment to the auto companies,” the Republican lawmaker

Oil tumbles below $50 for first time in a week - PR Inside
HOUSTON (AP) - Oil prices tumbled below $50 Monday as unease about the economy _ from Asia to America _ raised doubts about the global appetite for energy. Benchmark crude for Might delivery fell almost 6 percent, or $3, to $49.38 a barrel on the New

GM, Chrysler aren’t viable, White Home says - Nashville Tennessean
WASHINGTON — President Barack Obama is sending a blunt message to Detroit automakers: To survive — and win more government help — they must remake themselves top to bottom. Driving home the point, the White House ousted the General Motors chairman

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Corruption imposes hidden ‘tax’ on Illinoisans - State Journal-Register
As taxpayers look down the barrel of a major income tax increase, another tax already is draining their wallets. But this one isn’t found anywhere in the tax code. It’s the “corruption tax” — the extra money Illinois residents pay because

Natural Resources Canada: Save Money on Home Renovations Now! Minister - PR Inside
TORONTO, ONTARIO — (Marketwire) — 03/30/09 — Canadian homeowners are being urged to act now to take advantage of a new chance to save money on home energy retrofits. The Honourable Lisa Raitt, Minister of Natural Resources, announced today

On April 1, workers will see a little more in their paychecks - Post-Bulletin
Minnesotans should begin experiencing their first “Making Work Pay Tax Credit” by April 1. This is not an April Fools Day joke. It’s actually a federal effort to stimulate the economy by getting a tiny more spending money into the pockets of U.S

How smartphones, netbooks will change the future of money - Silicon.com
Companies have been developing mobile banking and e-payments options for a number of years, but the future is looking more complicated as higher bandwidth and more sophisticated devices such as netbooks and smartphones narrow the divide between fixed

Champaign to use federal money for rental assistance - News-Gazette
CHAMPAIGN – The city intends to use federal money to start a rental assistance program, starting July 1, to help people struggling to pay their rent. The program will be small, helping between 12 and 15 people each month, but will work intensively

Lottery this day for home repair grants for elderly and disabled - New Orleans Times-Picayune
Mayor Ray Nagin and City Council members will conduct a lottery today to determine which elderly and disabled homeowners will be awarded no-interest loans of up to $35,000 to bring their homes up to code. About 6,000 homeowners have signed up to

Dubai World: MGM Mirage money ’sign of good faith’ - KVBC
Dubai World says MGM Mirage’s $200 million equity payment that saved their joint casino project in Las Vegas from bankruptcy is “a sign of good faith.” But Dubai World said Sunday that the payment is only a “temporary solution” to liquidity problems

Revealed: Jacqui Smith claimed £23,000 of taxpayers’ money for her - Daily Mail
Pressure mounted on Jacqui Smith this day after it emerged she claimed nearly £23,000 in expenses during a single year for her second home. The embattled Home Secretary is already embroiled in an embarrassing row after claiming expenses for two

Zimbabwe gets billions of dollars in aid money - Afrik
The World Bank and Denmark on Monday announced a combined donation of US$18.7 million to the country to help it grapple with its social and economic challenges. Also on Monday, the leaders of the Southern African Development Community (SADC) were

Wis. to spend federal money on rural bridge work - Chippewa Herald
TOWN OF ARENA, Wis. - Wisconsin will use federal stimulus money to repair or replace dozens of little-used, rural bridges this year. A Milwaukee Journal Sentinel analysis found that most of the bridges approved for federally-funded repairs carry

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Will latest data add to or end Wall St. rally? - San Francisco Gate
Monday, March 30, 2009 After three weeks of gains based on signs that the economy might be turning around, investors will get a batch of reports that could provide more evidence of whether the recession is easing or not. Among the data: the

Street Fighter IV: Even Wall Street is playing it - New Zealand Herald Blogs
Once again, in this age of dazzling next-gen graphics and cinematic gameplay, for some reason old school still rules. Street Fighter ruled for many of us in our youth and its simplicity in a battle-against-your-mates scenario can’t be beaten for

Wall Street rally rests on data due this week - Las Vegas Sun
The coming week may well be a turning point for the stock market and its March rally. After three weeks of gains based on signs that the economy might be turning around, investors will get a batch of reports that could provide more evidence of

French and Benelux stocks - Factors to watch on March 30 - Forbes
Dow Jones .. Wall Street report .. Nikkei 225 .. Tokyo report .. FTSE 100 .. London report .. Xetra DAX .. European stocks stories. CAC-40 .. AEX index .. World

Jack Dreyfus | Mutual-fund pioneer, 95 - Philadelphia Inquirer
Jack Dreyfus, 95, a master money manager whose marketing savvy helped forge Wall Street’s image in Main Street’s mind, died Friday at a New York hospital. As the creator of the Dreyfus Fund and its parent Dreyfus Corp., Mr. Dreyfus built one of the

Wall Street rally might rest on new data - Nashville Tennessean
NEW YORK — This week might well be a turning point for the stock market and its March rally. After three weeks of gains based on signs that the economy might be turning around, investors will get a batch of reports that could provide more evidence of

The Wall Street Journal Future of Finance Initiative - Wall Street Journal
If money and credit are the lifeblood of the economy, then finance is its cardiovascular system. When that system fails, as it did following the collapse of Lehman Brothers last September, the results can be catastrophic. Last week, The Wall Street

GM chief Wagoner to resign at Obama’s request - Marketwatch
LOS ANGELES (MarketWatch) — General Motors Corp. Chairman and Chief Executive Rick Wagoner is resigning from his leadership of the troubled automaker at the request of the Obama administration, reports said Sunday. , , ) and the U.S. government

PRESS DIGEST - Wall Street Journal - March 30 - Forbes
March 30 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * The Obama administration used the threat of withholding more bailout money

Philanthropist was founder of famed Dreyfus Fund - Miami Herald
NEW YORK — Mutual fund pioneer Jack Dreyfus, a master money manager whose marketing savvy helped forge Wall Street’s image in Main Street’s mind, died Friday. Dreyfus, who matched his investment prowess with interests ranging from horse breeding to

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Warmup to G20 urges strict oversight of finance - San Francisco Gate
Sunday, March 29, 2009 (03-29) 12:28 PDT VINA DEL MAR, Chile (AP) — Britain’s prime minister and the president of Latin America’s largest nation made energetic appeals for stricter oversight of the global financial systems at a warm-up to the G20

Economic confusion besets leaders - Houston Chronicle
Just a few weeks ago, the vogue was to declare that “we are all socialists now,” and to talk of how capitalist theory and practice were being toppled by an economic catastrophe that proved how profoundly flawed the old system was. There’s

Latin lender seeks to almost triple capital - Miami Herald
MEDELLIN, Colombia — The Inter-American Development Bank’s leadership on Sunday proposed almost tripling the lending body’s capital to $280 billion, though there was no indication that its biggest stakeholder, the United States, backs the plan. Bank

Popular Web site Huffington Post states it will finance investigative - Minneapolis Star Tribune
that Fox News is fair and balanced, and the good folks over at Free Republic are just a heckuva bunch of nice folks. NEW YORK - The Huffington Post stated Sunday that it will bankroll a group of investigative journalists, directing them at first to

Venezuela’s parallel dollar market slows to a crawl - Miami Herald
CARACAS — A former banker arrested in Miami this week for allegedly laundering drug money is at the heart of a U.S. government operation to freeze suspect funds that has slowed Venezuela’s parallel currency market. Currency exchange houses in

Finance minister calls for increased tea production - Rwanda New Times
NGORORERO- The Minister of Finance James Musoni has advised tea growers in the country to increase the capacity of production and the quality in order to meet the set target of 100,000 tons per hectare in the next five years. He was talking after

Dorchester investors get partial payment  - ONE News
Secured debenture holders of Dorchester Finance are getting some of their money back. The troubled finance company has made a second instalment of principal payable under a differed repayment plan. It owes debenture holders $168 million. Debenture

Amarendra Swarup - Journalism.co.uk
Skills categor(ies): • Feature writers • Reporters • Editors • Researchers • Copywriters Specialism(s): • Science • Medicine • Finance • Personal finance • Commodities • Economics • Archaeology • Politics Regular contributor

Market may be near limit for govt debt-Steinbrueck - Forbes
BERLIN, March 29 (Reuters) - Investor willingness to buy up big amounts of government debt to finance economic stimulus packages may be nearing its limit, German Finance Minister Peer Steinbrueck told German television on Sunday. Speaking on public

Netanyahu cabinet: Light on Likud faces - Haaretz.com
Prime Minister-designate Benjamin Netanyahu met late Sunday night with a handful of close associates to discuss ministerial postings, a move he hopes will ward off bitterness among senior Likud figures. Many of them are waiting for Netanyahu to

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Risanamento 2008 Net Loss Doubles to EU213.7 Million (Update1) - Bloomberg
March 29 (Bloomberg) — Risanamento SpA , a Milan-based developer, stated losses more than doubled in 2008 as the global economic crisis depressed demand for real estate. The Milan-based developer’s loss widened to 213.7 million euros ($284.2 million

Real Estate Records, 3/29 - Lincoln Journal Star
Building permits issued by the city Building and Safety Department. Listings show address, owner’s name, description, estimated value. Minimum value: $45,000. 1931 S.W. 38th St., Medallion Custom Homes LLC, single family residence with garage, $145

Forrest eager to exit real estate - West On the web
Andrew Forrest states his family company no longer wants anything to do with the controversial purchase of land in Port Hedland. In an open letter to a local newspaper this week, he stated the 25 blocks in the town’s so-called dress circle, Pretty Pool

Bulletin Board - San Francisco Gate
Sunday, March 29, 2009 Sponsored by Whitney Davis of Zephyr Real Estate and Tina Leonardi of Guarantee Mortgage, 6-7:30 p.m., Opera Plaza, 601 Van Ness Ave., Suite P, San Francisco, free, reservation required, (415) 533-3990. Sponsored by Shawn Case

Germany to take 8.7 percent stake in Hypo Real Estate - Deutsche Welle
The German government is set to take an 8.7 per cent stake in the troubled commercial property lender Hypo Real Estate. The company stated in a statement that Germany’s national banking sector stabilisation fund SoFFin will purchase 20 million shares at

Jobs Classifieds Real Estate Rentals Autos iGuide - Cedar Rapids Gazette
GazetteOnline Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Text Alerts Newsletters RSS Feeds Data Central FAQ Page Edge Magazine

Real Estate - San Francisco Gate
Are lowballed valuation estimates on short sales and bank-owned foreclosures artificially depressing property values in neighborhoods across the country? Growing numbers of appraisers and consumer groups believe the Monday First-Time Home Buyer

Real estate briefs: Eye Health Center construction done - News-Press
Taylor-Pansing Inc. completed construction on the Eye Health Center of Lehigh Acres. The 2,800-square-foot build-out is at 5220 Lee Boulevard. The facility, which was finished ahead of schedule, includes six exam rooms, an on-site optical lab room

Real Estate Notes - Pittsburgh Tribune Review
• Expansion of Summerset at Frick Park in Squirrel Hill area has been approved by the city of Pittsburgh. Expansion includes completion of Parkview Boulevard to Brown’s Hill Road, 132 rental units in six separate buildings and up to 30,000 square

Massachusetts real estate transfers for March 21 - Eagle-Tribune
47-49 Oakland Ave.: Martha Alicea Matias and Deutsche Bank National Trust Co. to Deutsche Bank National Trust Co., $275,185 73-75 Oakland Ave.: Deutsche Bank National Trust Co. to Thai Nguyen and Bich V. Le, $149,900 40-42 Odile St.: Juan J. Garcia

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