Fitch Ratings has affirmed Fannie Mae’s long-term issuer default rating, or IDR, at ‘AAA’, but it downgraded Fannie’s preferred stock rating to ‘A+’ from ‘AA-’.
Fannie Mae’s preferred stock also remains on rating watch negative, where it was originally placed on May 6 by the credit rating agency.
The affirmation of Fannie’s long-term IDR and senior debt [...]
Peter Lynch, the famed investor and vice chairman of Fidelity Investments, often advised to “invest in what you know.”
Maybe that’s why Francis Koenig thinks Wall Street is ready to come around to putting big money into the adult-entertainment business.
Koenig is chief executive officer and founder of AdultVest Inc., “the world’s first and only investment community [...]
You’ve just received notice that you’re the benefactor of a sizable estate, but with this awesome gift comes the awesome responsibility of managing that money properly. What should you do? Where should you turn? From whom should you seek advice? It’s not hard to be overwhelmed when you’re looking to find unbiased financial advice to [...]
The two largest advice businesses servicing this market, Grove Research and Advisory and Oakvale Capital, have reported an increase in enquiries for investment advice from NSW councils since the inquiry.
Enquiries are emanating from councils that previously did not receive financial advice and councils that had advice providers which have now been excluded by the Cole [...]
The economy grew at an annualized rate of 5.4 percent in the first three months of the year, racing ahead of the gloomy growth outlooks issued by the Bank of Israel and the Finance Ministry.
“The positive data is an indication for how well the Israeli economy can cope amid a global financial crisis,” Finance Minister [...]
WILMINGTON, Del.–Ford Motor Co. welcomes the significant investment by billionaire Kirk Kerkorian, company executives said Thursday, telling shareholders it underscores the strength of their turnaround plan.
Ford executives said their work to return the No. 2 U.S.-based car company to profitability by 2009 was taking hold and the recent acquisition of 4.7 per cent of the [...]
The life insurance and annuity company reported net income of $69 million compared with $1.12 billion a year earlier. The latest results included $940 million of investment losses, versus prior-year gains of $223 million, Investment Advice and include Prudential’s closed-block business. They are made up of life-insurance and annuity policies that it sold when it [...]
Serbia and Italian car maker Fiat signed on Wednesday a memorandum of understanding, which envisages strategic cooperation and joint investment to produce new cars in Serbia’s state-owned Zastava car plant.
“Fiat has ambitions to start production of a completely new model in Zastava by 2009,” Investment Opportunity said Serbian Minister of Economy Mladjan Dinkic, who signed [...]
Low fees charged by providers to manage KiwiSaver funds will make the product non-viable and impossible to maintain, says retirement-product expert Paul King.
The consultant, ASB’s former head of strategy, said the product’s high-profile launch forced the financial services industry to cut costs to join the KiwiSaver party - Investment Advice costs that could not be [...]
Families have become crippled with debt or lost their houses after dealing with a property company that offers to get low income immigrants into their own homes. Tony Wall and Emma Page follow the trail of misery.
It’s a Wednesday night in Otahuhu, South Auckland, and a trickle of Samoan families are arriving at the Home [...]
