Posted by admin on June 20th, 2008
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 [...]
Posted by admin on June 15th, 2008
Retirement savers have been plowing money into foreign stocks, but experts say many are failing to consider taxes and how the investments fit within their overall plan.
Foreign stock mutual funds accounted for $722 billion in workplace retirement accounts, including 401(k) plans, and in individual retirement accounts last year, according to the Investment Company Institute, a [...]
Posted by admin on June 9th, 2008
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 [...]
Posted by admin on June 5th, 2008
The rulers of the exchange of mankind’s goods have failed,” U.S. President Franklin D. Roosevelt told a Depression-blighted nation in his 1933 inauguration address. “There must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing.”
Fast-forward three-quarters of [...]
Posted by admin on June 5th, 2008
Chennai, June 3 International rating agency, Standard & Poor’s (S & P) has lowered its ratings on a number of top investment banking companies in the United States. S & P has downgraded Lehman Brothers Inc., Merrill Lynch & Co. Inc., and Morgan Stanley.
According to a press release issued by S & P, it has [...]
Posted by admin on May 31st, 2008
HSBC Holdings PLC, Europe’s biggest bank, said Friday it plans to continue to invest primarily in fast-growing emerging markets where it expects “reasonable growth” this year against a weaker outlook for the United States and Europe.
However, Chairman Stephen Green also said that HSBC would invest further in the United States, particularly in markets that target [...]
Posted by admin on May 31st, 2008
Humboldt Capital Corporation announces that effective March 31, 2008, the Corporation reported a net asset value of $4.37 per share compared with $4.42 per share at December 31, 2007.
The value of Humboldt’s investment portfolio declined by 1% in the first quarter of 2008 due to the continued weakness in the gas related equities and shares [...]
Posted by admin on May 27th, 2008
A year ago, private equity executives were Wall Street’s new masters of the universe, riding an era of easy money to unparalleled success by pulling off record-setting buyouts and pulling down monstrous paydays.
The industry became so synonymous with making money that buyout giant Blackstone Group, a specialist in taking companies private, itself went public in [...]
Posted by admin on May 19th, 2008
MagicBricks.com, India’s No 1 property site brings a golden opportunity for NRIs & PIOs, in the USA who are planning to return to their homeland or invest in real estate in India. MagicBricks.com India Property show, USA will offer the best of properties from India including hundreds of residential and commercial properties to choose from, [...]
Posted by admin on May 17th, 2008
The Board of Audit and Inspection has asked the government to sell 15 subsidiaries of state-run corporations including Korea Real Estate Investment Trust, Korea Housing Management, Korea Asset Investment Trust, Ansan Urban Development Institute and Korea Enterprise Data to private firms.
It is also calling for the restructure of seven subsidiaries of state-run corporations and the [...]