Stocks rallied anew today as financials continued their revival and crude oil prices retreated below $130 a barrel.
The Dow Jones industrial average closed up 207.38, or 1.85%, at 11,446.66; the S&P 500 rose 14.95, or 1.2%, closing at 1,260.31; and the Nasdaq composite was up 27.45, or 1.2%, to close at 2,312.30. All numbers are [...]
Ashbel C. Williams Jr. was offered the position of executive director/CIO of the $163.5 billion Florida State Board of Administration, Tallahassee, pending contract negotiations and trustees’ approval.
Trustees have instructed Robert Milligan, interim executive director, to negotiate contract terms with Mr. Williams, who was executive director of the Florida SBA from 1991 to 1996, according to [...]
The funds became UCITS III compliant earlier this year following a vote by their shareholders. They are now in the process of obtaining local market registration, which is necessary in order for them to be marketed.
Both the funds are Luxembourg-domiciled and are aimed at institutional investors and high net worth individuals, with a minimum investment [...]
Pyramis Global Advisors, the institutional unit of Fidelity Investments, said on Thursday it has hired Kevin Uebelein as president and chief executive officer.
Uebelein joins Pyramis from Prudential Financial (PRU.N: Quote, Profile, Research), where he was chief investment officer for all its international businesses for the past seven years, Pyramis said in a statement. At Pyramis [...]
deCarta’s technology is ideal for the full continuum of mobile LBS solutions including off-board, server-based applications offered by mobile operators through to “connected navigation” — the ability to integrate personal navigation devices and smartphones through real-time two-way mobile connectivity to a variety of dynamic data sources and local search services.
In North America, location-based services have [...]
SunTrust Investment Services, a subsidiary of SunTrust Banks, has announced a new, coordinated multi-channel approach to retirement planning called Retirement GamePlan, which provides clients with the tools to plan for retirement.
SunTrust has developed Retirement GamePlan as a way for clients of all ages and income levels to more easily plan to reach their retirement goals [...]
Even as Safaricom notched a stellar 50 per cent increase in its share price on the first day of trading, for some investors, it was not a good debut for the telecoms giant.
For thousands of investors, many of who had borrowed expensively for interest rates of up to 20 per cent, Safaricom represented a major [...]
Billie Redmond, CEO of Coldwell Banker Commercial TradeMark Properties has announced that Allison Mitwol has joined the firm as a real estate advisor. In this position, Mitwol will specialize in the brokerage and leasing of retail properties in the Triangle area. Mitwol completed three years of work in residential sales before transitioning to commercial leasing [...]
Great Portland Estates (GPOR.L: Quote, Profile, Research) posted a 2 percent fall in adjusted net asset value on Wednesday and said demand for its core London properties would cling to long-term average despite shaky economic conditions.
In results for the year to end-March on Wednesday, Great Portland said its adjusted net assets per share fell to [...]
Venture capitalists are people, just like you and me. They put their pants on one leg at a time, and they’re prone to making investing mistakes just like the rest of us. That said, it’s hard to deny that some VCs are clearly better than others. John Doerr is one of Silicon Valley’s more successful [...]
