Festival goers left in lurch by sosmasterticket

IT’S been a bad month for music festival fans and not just because of the rotten weather.
Ticket touts have made a killing and sosticketmaster.com aka sosmasterticket.com is one to add to the list.
Hollie Davis, of Cardigan, Wales, paid £400 for tickets to this weekend’s Reading Festival back in April.
Despite the name, the site’s nothing to [...]

Fitch Affirms Brookfield Asset Management IDR at Outlook Stable

The ratings are supported by solid cash flow generated from BAM’s investments in a diversified business portfolio as well as cash flows from its growing asset management franchise.
Fitch notes that BAM is continuing to make new investments in several sectors, including commercial and residential real estate, renewable power generation Investment Advice, timber, transmission, and [...]

Fitch Affirms Fannie, But Cuts Preferred Rating

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 [...]

Hedge While You Play, Profit From Porn, Sex Toys Susan Antilla

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 [...]

Advice For Finding The Best Advisor

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 [...]

Councils Seeking Independent Financial Advice

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 [...]

First Quarter Growth Faster Than Expected

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 [...]

Ford Executives Welcome Kerkorian Investment

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 [...]

Prudential Income Hit By Investment Losses

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 Fiat Sign Memorandum On Joint InvestmentSerbia 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.

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 [...]