Archive for May, 2009

Temasek Buys Olam Stake as It Shifts Focus to Commodities - Bloomberg
June 1 (Bloomberg) — Temasek Holdings Pte , Singapore’s state-owned investment company, concurred to purchase a stake in Olam International Ltd., its first foray into commodities since naming Charles “Chip” Goodyear as chief executive officer

Charlotte Investment Business Raided By State Agents - Wbt.com
Say officials issued a cease and desist order for the owners of a North Carolina investment business after a raid netted nearly $2 million in bullion and coins. The Secretary of State’s office stated its law enforcement agents searched the office and

Stone & Youngberg Continues to Attract Industry’s Top Talent With - Businesswire.com
“Andria brings to Stone & Youngberg a wealth of expertise from the industry’s leading firms,” stated David Clifford, a managing director in Stone & Youngberg’s Taxable Fixed Income Group. “As we build out our business nationally, her

About Quam Financial Advisory (QFA) - Quamnet
One-of-a-kind Q&A investment advisory service complemented with in-depth Hong Kong equity and industry research from Quam Research Pro • Tailor-made advice and answers on Hong Kong equity

Chinalco delays funding decision on Rio’s Yarwun - The Australian
CHINALCO has again delayed a decision on investing in the expansion of Rio Tinto’s Yarwun alumina refinery as it awaits the Australian Government’s verdict on its broader $US19.5 billion alliance with the miner. Rio Tinto stated this day it has agreed

Slumping investment to push nation into recession - The Age
Slumping business investment and weak housing construction activity will have pushed the Australian economy into recession in the March quarter, economists state. The national accounts figures due from the Australian Bureau of Statistics this week are

KKR & Co. Provides Update to KKR Private Equity Investors’ Investment - StreetInsider.com
GUERNSEY, Channel Islands–(BUSINESS WIRE)– KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE ) announced that KKR & Co. L.P. (collectively with its consolidated affiliates, “KKR”) has provided an updated presentation regarding KKR in

Obama administration seeks new power over investment advisors - Herald Tribune
As the number of financial scams explode this year, federal regulators are making fresh moves to toughen protections for investors. They come too late to safeguard customers of Sarasota hedge fund operator Arthur Nadel or massive Ponzi scammer

Sterling remains reluctant to correct - FXStreet.com
FXstreet.com (Buenos Aires) – Gbp remains reluctant to correct despite indicators show some bearish divergences both in 1 and 4 hours charts. Consolidating between 1.6155/90 zone, failure to break under 1.6155 could set bases for a new leg higher

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Customised content: the future for newspapers - Nation - Thailand
“Newspapers in the long term will be more targeted to specific groups of readers through customised content. Digital printing technology can help to customise content, while offset can’t,” he said. He thinks about customised content to be one of the

Worried book industry gathers for convention - Cincinnati.com
For example, the audio market. Except for e-books, sales are down throughout the publishing industry and the numbers have looked ever steeper for audio. The Association of American Publishers has seen a 47 percent drop in audio revenue this year

The 31-Year-Old in Charge of Dismantling G.M. - New York Times
But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his almost unseen role in remaking the American automotive industry. Nor, for

If we play by new gas-industry rules, we’re going to get burned - Durango Herald
The Durango Herald asserted in an April 26 editorial, “Colorado and its citizens are in a far better position now that the COGCC rules for oil and natural gas have been implemented.” In reality, it is too soon to know if the rules will actually

FACTBOX-Brazil’s cattle herd in the Amazon - Reuters
May 31 (Reuters) - About a third of Brazil’s 200 million-strong cattle herd is in the Amazon area, where most of its growth has occurred in recent years, leading to criticism that the industry is a major culprit in illegal deforestation. Following

GM trundles toward bankruptcy, but questions remain - Reuters
DETROIT (Reuters) - General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America’s largest-ever industrial bankruptcy on Monday and heralding a new and uncertain era for the No. 1 U

Cattle a tough target in Amazon protection fight - Reuters UK
APYTEREWA INDIGENOUS RESERVE, Brazil (Reuters) - The small plane is gliding over a mesmerizing landscape of green pasture interspersed by patches of forest, but Wayne Lindbergh keeps his eyes firmly glued to his laptop. Below, where a map on his

US auto industry faces uncertain future - Saudi Gazette
WASHINGTON - The US auto industry faces a day of reckoning Monday, with the looming bankruptcy of auto giant General Motors and an expected court ruling on the sale of automaker Chrysler to a group led by Italy’s Fiat. The once mighty US auto

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Hong Kong protest over Tiananmen - BBC News - Turkish Weekly
Times OnlineHong Kong protest over TiananmenBBC NewsThousands have marched in Hong Kong to mark the forthcoming 20th anniversary of the Tiananmen killings, in one of the few such events on Chinese soil.Thousands Protest in Hong Kong to Mark Tiananmen

Section 3: Business, Wall Street and Labor - People Press
Over the past few years, the country has suffered through a devastating decline in the housing market, a stock market crash, and spiraling unemployment. Yet the public’s fundamental attitudes about business have changed very little. As in past

Wall Street’s Worst-Kept Secret - Motley Fool
If you own stocks, you should own small caps. OK, that’s not personal investment advice. That’s Wall Street’s worst-kept secret: Over the long haul, small-company stocks make you money. You’re serious about this You want an edge. So why make this

Are Wall Street speculators driving up gasoline prices? (Again?) - Lincoln Journal Star
WASHINGTON — Oil and gasoline prices were rising fast as Memorial Day weekend approached, but not because supplies are tight or demand is high. U.S. crude oil inventories are at their highest levels in almost two decades, and demand has fallen to a

Hurricane barriers floated to keep sea out of NYC - Guardian Unlimited
Associated Press Writer= NEW YORK (AP) — When experts sketch out nightmare hurricane scenarios, a New York strike tends to be high on the list. Besides shaking skyscrapers, a major hurricane could send the Atlantic Ocean surging into the nation

What About the Valley After the Rally? - Star-Banner
WHY have investors been so cheery of late? One reason may be the relative calm on Wall Street. The numbers indeed show that the market has been fairly sedate lately. The most closely followed gauge of market fear is the Chicago Board Options Exchange

Can OpenTable’s Popularity on Wall Street Last? - New York Times Blogs
OpenTable , Silicon Valley’s new favorite company, proved this week that there’s indeed demand on Wall Street for tech companies. Its I.P.O. Thursday made a lot of people think of 1999, as its shares, originally set to be priced between $12 and

Wall art’s new face: an Obama - Seattle Times
President Obama has captured the imagination of artists worldwide, and many are finding an audience on the internet. Top row, from left: untitled portrait by Dan Lacey, “Fountain of Hope” by Ron Keas, and “Looking Presidential” by Mimi Torchia Boothby. Bottom

Glossary of terms linking Wall Street and oil prices - Lincoln Journal Star
The relationship between Wall Street and oil prices is complex. Here’s a glossary to help understand the interplay between finance and energy prices: Barrel: 42 gallons of oil. Commodities: Things such as oil, natural gas, grains or precious metals

John Harwood - CNBC
John Harwood is Chief Washington Correspondent of CNBC and Senior Contributing Writer of “The Wall Street Journal.” Harwood was born in Louisville, Ky., and grew up in the Maryland suburbs outside of the nation’s capital. He has been around

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Adia could finance 52 projects in Egypt - Zawya.com
The Abu Dhabi Investment Authority (Adia) Abu Dhabi Investment Authority (Adia) is conducting a study to finance 52 new investment projects in Egypt at a cost of $28 (Dh102.7bn), said an Egyptian official. Mahmoud Mohieldin, Egyptian Minister of

Experts advocate steps to protect investments - Las Vegas Review Journal
While most investments involve risk, investment professionals state retirees and those nearing retirement can avoid some land mines by following easy advice. Individuals within a few years of retirement or already retired should keep enough money in

News & Analysis - Opensecrets.org
U.S. presidents have long rewarded large campaign donors, fundraisers and other loyalists with ambassadorships, and Democratic President Barack Obama seems to be no exception. The list of individuals he has announced he’ll be nominating to

Ethiopia: Netherlands-Germany finance new energy policy - Afrik
An alarming decline of water levels in dams across Ethiopia, compounded with a growing demand but limited supply of electricity from the say owned electric power corporation (EEPCo), highly dependent on hydroelectric power, has been blamed for a

Making difficult decisions - Daily News Journal
As chairwoman of the Rutherford County Commission’s Budget & Finance Committee, Joyce Ealy has become an aficionado of sorts on financial matters. After poring over budgets for years she is confident Rutherford County has a stable budget with an

Chinese economists deem large holding of US bonds “risky,” split on way - Xinhua News Bureau
BEIJING, Might 31 (Xinhua) — On the first day of U.S. treasury secretary Timothy Geithner’s visit to China, the Beijing-based Global Times published a survey of 23 famous Chinese economists on Sunday, saying that the majority of them deemed the vast

Editorial: There’s still time to rectify mistakes - Green Bay Press-Gazette
The Legislature’s Joint Finance Committee completed its work on the proposed 2009-2011 say budget around 5:30 a.m. Friday, after one last marathon session. As if to fend off the complaint of yet another dead-of-night vote, lawmakers managed to wait

Pranab Mukherjee to start pre-budget talks from Monday - Thaindian.com
New Delhi, Might 31 (ANI): Finance Minister Pranab Mukherjee will begin pre-budget consultations with different groups from Monday. Mukherjee will hold consultations with trade and industry bodies like the FICCI, the CII, the ASSOCHAM and the FIEO

PlaNet Finance to launch micro-insurance schemes - Zawya.com
Share The UAE-based PlaNet Finance Group plans to introduce micro-insurance schemes in the region to reduce the impact of the crisis on micro entrepreneurs who have outstanding loans. While the organised banking system has been severely hit by the

Deyaar ties up with leading banks to offer customers viable financing - Mena Report
Deyaar Development PJSC, a regional real estate company dedicated to innovation, customer care and long-term sustainable growth, today announced continued strategic partnerships with leading banks to offer highly competitive financing options

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‘Hard money’ lending proves perilous in weak economy - Reading Eagle
LOS ANGELES - Lloyd Charton recalls a fateful knock on the door by his neighbor, Dan J. Harkey. Harkey congratulated him on his retirement and asked about a current vacation. He told him about his company, Point Center Financial Inc., which raised

Coldwell Banker Adds New Realtor - Post-Journal
Kathie McCarthy has recently been added as a full-time realtor at Coldwell Banker Phil Mathyer Real Estate. Having been a lifelong summer resident of Chautauqua County, Mrs. McCarthy and her husband moved back to the area in 2007. Mrs. McCarthy

Feds probe city pension deals with Daley’s nephew - Chicago Sun-Times
City pension officials have been hit with subpoenas from a federal grand jury trying to determine how a start-up company co-owned by Mayor Daley’s nephew won $68 million in pension investments. The grand jury issued the subpoenas Wednesday, nearly

What you need to know before buying a home - Brazoria Facts
With grants and tax credits enticing people to look into buying a house, real estate experts are starting to see fresh faces scrutinizing the foundations, walls, floors and roofs of vacant homes in Brazoria County. “Things are picking up,” said

Receiverships grow amid foreclosures - AZCentral.com
Phoenix-area real-estate brokerages and property managers are gearing up to ride an anticipated wave of business in managing financially struggling apartment, condominium, office and retail projects as court-appointed receivers. Receiverships, seldom

Real estate transfers - Chattanooga Times Free Press
These are the real estate transfers for the period March 16-22. Information is prepared by John Dixon Auctioneers. Any questions might be addressed to John Vass Jr. at Chattanooga Times Free Press at 757-6322. 130 N. Crest Road, J. Duane & Joverne

Optimism peeks through gloom at chamber meeting - Herald Tribune
VENICE - Despite heavy job losses in construction, real estate, small business and finance sectors, when three area chambers of commerce got together last week, there was a glimmer of optimism. Many of nearly 350 business executives who attended

People are still ’scared’ about the say of the real estate market - Elkhart Truth
GOSHEN — When the Indiana Association of Realtors released a report Wednesday breaking down statewide and county-by-county sales numbers, it didn’t paint a pretty picture for Elkhart County. “I was a tiny taken aback about it when I saw it,” said

Real Estate Notes - Pittsburgh Tribune Review
• Bower Hill Apartments III in Mt. Lebanon is on the market for $14.5 million, with Holiday Fenoglio Fowler as the listing agent. The 136-unit building on 8.5 acres at 1170 Bower Hill Rd. has a 135-car garage plus 65 surface parking spaces, a

Real estate briefs - News-Press
Realtor Todd Guttery recently earned his Certified Distressed Property Expert designation, completing extensive training in foreclosure avoidance and short sales. He is employed by Realty World Roberts in Fort Myers. Short sales allow cash-strapped

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Tentative Deal for G.M.’s Opel Is Latest Shift for Industry - Star-Banner
The global reordering of the auto industry took a massive step forward on Friday as an unlikely alliance led by Magna International, a Canadian auto parts maker, and Sberbank of Russia tentatively concurred to buy the European operations of General Motors

Democracy needs a bailout - Salon
Except, amid the debate about such a bailout, it seems government and investors are already subsidizing the industry with in-kind contributions of damning honesty. These outbursts of candor are so brazen and self-explanatory as to require almost zero

Industry Fears U.S. Might Quit New Vehicle Habit - New York Times
Kate Emminger sold her vehicle to save money and now uses a car-sharing service in San Francisco. In current years Americans appeared to be hooked on it and took advantage of home equity loans , easy credit and cheap short-term lease deals to send new-car

Keeping His Eye on Diversity - Tvweek.com
O. Ricardo Pimental, president of the National Association of Hispanic Journalists, is editor of the editorial pages of the Milwaukee Journal Sentinel, a position he has held since June 2004. Before joining the Sentinel, Mr. Pimental held editorial

Fuyao Glass Industry Group’s Cao Dewang named Ernst & Young World - PR Inside
Cao Dewang, Chairman of Fuyao Glass Industry Group, has been named the Ernst & Young World Entrepreneur Of The Year 2009 at an awards ceremony held in Monte Carlo. Cao was picked from among the 43 entrepreneurs vying for the title, each of whom had

Morbidity and Mortality Related to Tobacco Use - Food Consumer
* Worldwide, tobacco use causes more than 5 million deaths per year.1 * Current trends show that tobacco use will cause more than 8 million deaths annually by 2030.1 * Cigarette smoking is the leading preventable cause of death in the United Says.2

Consumer Electronics Industry - Chicago Tribune
General Motors Corp. will sell most of its Opel unit and other European assets to Canada’s Magna International Inc. in a deal German Chancellor Angela Merkel said Saturday would protect the assets from GM’s likely bankruptcy. The German government

Women occupy just a third of the top jobs in fashion - The Independent
The British fashion industry has long been accused of exploiting women’s insecurities to goad them into buying things they neither want nor need. Now it seems that some of the biggest names in fashion have also been ripping off the nation’s women

US auto industry’s future hangs in the balance - News.com.au
Deal on a US bankruptcy court judge in New York is widely expected to approve a deal between Chrysler and Fiat / AP GM expected to declare bankruptcy Judge to rule on Chrysler sale to Fiat Obama has rescue plan for GM THE US car industry

British firms join our school gardens campaign - The Independent
British fruit firms this weekend called for children to be encouraged to grow and eat their own fruit. As they joined hundreds more schools backing The Independent on Sunday’s schools gardening campaign, they expressed concern that the majority of

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The news flow is abuzz this week with stats about Microsoft Corporation (NASDAQ: MSFT) and its Xbox 360 console. According to reports, the company has sold 30 million units of the gaming hardware around the world. Nintendo Co., Ltd. (OTC: NTDOY) is still in first place with 50 million Wii consoles sold. And Sony Corporation (NYSE: SNE)? Well, the PlayStation 3 is decidedly third with roughly 22 million systems moved through retail channels. And don’t give me that Xbox-360-had-a-year-over-Sony excuse. Doesn’t matter. Microsoft has so far played it well.

But I’d like to see Microsoft do even better when it comes to the Xbox 360. I think, out of all the investments Microsoft makes that are outside of the core operating system asset, the Xbox 360 is the one with the most potential promise.

Continue reading Microsoft does well with Xbox 360, but needs to try harder

Microsoft does well with Xbox 360, but needs to try harder originally appeared on BloggingStocks on Fri, 29 May 2009 18:40:00 EST. Please see our terms for use of feeds.

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Wall Street string of up months hits three - Tacoma News Tribune
Wall Street sealed the third month of its spring rally with a big advance. The fourth month looks a tiny less certain. Stocks shot higher right before the closing bell Friday after fluctuating on a mix of economic data. Analysts said the surge was

In a late-day rally, markets soar, but worries remain - Philiy.com
NEW YORK - Wall Street sealed the third month of its spring rally with a huge advance. The fourth month looks a little less certain. Stocks shot higher right before the closing bell yesterday after fluctuating on a mix of economic data. Analysts stated

Stocks spurt in last-hour rally - Louisville Courier-Journal
NEW YORK — Wall Street sealed the third month of its spring rally with a strong advance yesterday. But a fourth bullish month looks a little less certain. Stocks shot higher right before the closing bell after fluctuating on a mix of economic data

Late-day rally boosts Wall Street - Los Angeles Daily News
NEW YORK - A late day shot of adrenaline sent stock prices soaring Friday and gave Wall Street its third straight monthly gain. After fluctuating much of the day on mixed economic data, stocks shot higher right before the close. Analysts attributed

Jewelry retailer Tiffany’s first-quarter profit tumbles, but meets - News1130.com
NEW YORK - Jewelry retailer Tiffany & Co. said Friday that its first-quarter profit plunged 62 per cent as sales tumbled, particularly in the U.S., as consumers continued to shy away from luxury purchases. Still, the earnings matched Wall Street’s

US stocks rally on rising economic optimism - Hindustan Times
Wall Street’s major stock indices jumped on Friday as raw-materials producers, banks and transportation companies all benefited from growing confidence that the world economy is regaining momentum. Winning listings outnumbers losers by 3-to-1 during

Critics Call Delaware a Tax Haven - Blueridgenow.com
Wall Street, Sand Hill Road, LaSalle Street: Some corporate addresses scream money. Then there’s North Orange Street, which whispers it. North Orange, a ho-hum thoroughfare in Wilmington, Del., is, on paper, home to more than 6,500 companies. Many

Updated Microsoft Search Service Draws Pre-Launch Kudos - Barron’s - Turkish Weekly
Washington PostUpdated Microsoft Search Service Draws Pre-Launch KudosBarron’sBy ERIC J. SAVITZ Appearing at The Wall Street Journal’s D: All Things Digital tech conference in Carlsbad, Calif., last week, Microsoft Chief Executive Steve Ballmer

Volunteers with pets aim to make patients’ visits easier - Morris Daily Herald
KANKAKEE — Riverside Medical Center offers a certification program for Animal Ambassadors at 6:30 p.m. on Thursday, June 4, 2009, in Riverside’s Johnson Lecture Hall, 350 N. Wall Street in Kankakee. Animal Ambassadors at Riverside are volunteers

Wall Street faces data barrage, GM bankruptcy - Zawya.com
Share NEW YORK, May 30, 2009 (AFP) - Wall Street investors face a battery of economic news and the looming bankruptcy of auto giant General Motors in the coming week, testing the nerves of investors after a strong week. US stocks ended a volatile

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TWC logoTime Warner Cable (NYSE: TWC - option chain) stock is falling today after company CEO Glenn Britt stated at an investor conference that the company is seeing a continued slowdown in subscriber growth. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on TWC.

This morning, TWC opened at $30.98. So far this day the stock has hit a low of $29.96 and a high of $31.26. As of 12:05, TWC is trading at $30.09, down $1.64 (-5.2%). The chart for TWC looks bullish and S&P gives TWC its highest 5 STARS (out of 5) strong purchase ranking.

Continue reading Time Warner Cable (TWC) CEO sees even slower growth

Time Warner Cable (TWC) CEO sees even slower growth originally appeared on BloggingStocks on Fri, 29 May 2009 13:00:00 EST. Please see our terms for use of feeds.

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Business events scheduled for the coming month - Boston Globe
WASHINGTON — Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department releases productivity for the first quarter, 8:30 a.m.; Freddie Mac , the mortgage finance company, releases weekly mortgage rates; the Internal Revenue

Don’t Be Duped By ‘Jackpot’ Crooks - BruDirect
Why do we’ve to have faith in such SMS. After all, lottery jackpot is Haram,” stated Awg Sigar B. Labau, Assistant Director of the Financial Institution of the Ministry of Finance to the Weekend Bulletin at the sideline of the get

Senate finance chair says debt isn’t school boards’ - Charleston Daily Mail
CHARLESTON, W.Va. (AP) — A top legislative leader believes West Virginia is wrong to hold county boards of education responsible for the future health care costs of their teachers and school workers. Senate Finance Chairman Walt Helmick predicts

Germany picks Magna to save Opel - BBC News
Speaks in Berlin continued into early Saturday before Germany’s finance minister announced a deal. The German government is expected to provide an immediate loan facility of 1.5bn euros ($2.1bn). But 2,500 jobs in Germany could be lost and a UK

Germany Selects Magna As Partner For Opel - CNN Money
Talking after hours of intense negotiations, German Finance Minister Peer Steinbrueck told reporters the German government is well aware of the risks posed by the deal, but nevertheless defended the rescue of the troubled German carmaker as

2nd UPDATE: Germany Picks Magna Bid For GM’s Opel: Source - CNN Money
“There has been a result. Magna is on board,” a government source said after late-night marathon negotiations at Chancellor Merkel’s office here. The deal, struck after speaks between top German politicians as well as US government officials and both

$100M Lake Tahoe environmental bill adopted - North Lake Tahoe Bonanza
CARSON CITY, Nev. — With their 2009 session scheduled to end in a few days, Nevada lawmakers kept working Friday on still-pending measures covering a wide range of issues. The Senate unanimously passed AB18, which authorizes up to $100 million in

Kennedy Health Plan Would Include Public Insurance (Update2) - Bloomberg
Might 29 (Bloomberg) — Senator Edward Kennedy , chairman of a Senate panel drafting a health-care overhaul, is circulating a plan that would require everyone to have insurance and would create a government program to compete with private insurers

Magna deal chosen to save Vauxhall - Guardian Unlimited
Vauxhall look destined for a Canadian takeover after the German government formally selected vehicle parts firm Magna to be the British carmaker’s new parent. After lengthy talks, the German finance minister said his government had approved Magna’s

Nova states finance-raising requirement delayed - Boston Globe
PITTSBURGH— Plastics producer Nova Chemicals Corp. said Friday it received a delay in a stipulation to raise more financing by Monday to meet the terms of covenant relief. The company stated it was halfway to meeting the stipulation to raise $100

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