Posted by admin on July 18th, 2008
NEW YORK (AP) - Moody’s Investors Service downgraded the senior long-term debt of Merrill Lynch & Co. to “A2″ from “A1″ Thursday to after the world’s largest brokerage posted a $4.9 billion second-quarter loss, hurt by massive write-downs from mortgage-backed securities and other risky investments.
The ratings agency said the company’s financial flexibility is more limited [...]
Posted by admin on July 1st, 2008
announced that it has entered into deal with Equity Group Investments LLC for total investment of $100 million. As per the terms of the investment, MiddleBrook will be selling about 30.3 million shares at $3.30 per share and five-year warrant for about 12.1 million shares at exercise price of $3.90 per share. The company expects [...]
Posted by admin on July 1st, 2008
Finance Investment it comes as investors are still licking the wounds inflicted by the US sub-prime crisis and the protracted credit lockdown.
But it’s these conditions that US-based investment manager Mark Baribeau says will deliver the perfect climate for his Loomis Sayles Growth fund to prosper. “Growth companies generally don’t have financial leverage involved in their [...]
Posted by admin on July 1st, 2008
The Taiwan life insurance arm of Dutch financial services firm ING Groep is mulling its first investments in international stocks as it aims at higher returns while riding out turbulence in Taiwan’s stock market.
ING, behind AIG as the biggest foreign life insurer in Asia, is also eyeing opportunities in hedge funds, private equity, and commodities [...]
Posted by admin on July 1st, 2008
Climbing a tree is a recreational activity for most people, Finance Investment but for a select few it is an exercise of agility, speed and precision.
Twenty-three people competed Saturday, June 28 in the 29th annual Ohio Chapter International Society of Arboriculture Tree Climbing Championship at the Chadwick Arboretum and Learning Gardens at Ohio State University.
Three [...]
Posted by admin on June 20th, 2008
The complaint charges Fidelity Management & Research Company (”Company”) and certain related entities, among others, with violations of the Securities Act of 1933. The Company is the investment advisor to the entire group of mutual funds under the Fidelity name.
No class has yet been certified in the above action. If you are a member of [...]
Posted by admin on June 5th, 2008
said on Wednesday it named Nick Reid and former joint head of corporate broking Tim Waddell as joint heads of UK investment banking.
The two will replace Hew Glyn-Davies, who will become a vice -chairman of the invstment banking department and focus on client relationships as well as advising the new team, UBS said in a [...]
Posted by admin on May 31st, 2008
InStorage Real Estate Investment Trust (TSX: IS.UN) announced today that Alay Shah Finance Investment, the REIT’s Chief Financial Officer, has resigned his position effective June 4, 2008.
The Board of Trustees has appointed Robert Masaki, CA, as the REIT’s interim Chief Financial Officer. Mr. Masaki is a senior financial executive with expertise in corporate finance, financial [...]
Posted by admin on April 27th, 2008
Kunal Kashyap, founder and CEO of Indian investment bank Allegro Advisors, discusses the firm’s focus on wealth management and what advice he is giving his clients.
What prompted Allegro to start offering wealth management services in India?
We started Allegro with the vision of creating a full-service Indian investment bank so wealth management services were part of [...]
Posted by admin on April 5th, 2008
These days it seems that all of the news about our environment is bad news. Bad news about the disappearance of glaciers in the Himalayas, bad news about rivers such as the Ganges that are fed by glaciers and that may by mid-century turn into seasonal streams, Investment Opportunity bad news about the health hazards [...]
