Posted by admin on May 15th, 2008
Under the new agreement BDO Stoy Hayward Investment Management, which has recently been awarded Chartered Firm status, will offer a range of services to employees of Thomsons Online Benefits clients.
The services, to be offered on a fully transparent fee basis, include a range of options on investment advice from pension through to all aspects of [...]
Posted by admin on May 1st, 2008
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 [...]
Posted by admin on April 22nd, 2008
Century Investments Public Ltd. reported a higher full year pretax profit and revenue, and said it is contemplating the sale of some of its operating properties to take advantage of the demand for quality income generating properties from foreign investors.
The Ukraine-based real estate company said it is also exploring forward sales of projects and debt [...]
Posted by admin on April 16th, 2008
BlackRock Inc.’s first-quarter net income rose 24% but failed to meet analysts’ expectations, as investors withdrew money from the firm’s core bond funds to put into lower-fee cash investments.
While the company posted earnings of $1.82 a share, Investment Banking up from $1.48 a share, a year earlier, analysts surveyed by Thomson Financial forecast on average [...]
Posted by admin on March 30th, 2008
NEW YORK (AP) — A Lehman Brothers analyst cut estimates on large-cap banks Thursday, saying losses from troubled loans will continue to plague some of the nation’s biggest financial institutions.Analyst Jason Goldberg said that while his first-quarter earnings forecasts may be overestimating the adverse impact of market-related write-downs, continued moves to put aside funds to [...]
Posted by admin on March 30th, 2008
NEW YORK (AP) — A pair of analysts reduced estimates for Merrill Lynch %26amp; Co. Thursday, predicting the investment bank will likely write down at least $6 billion in the first quarter.Oppenheimer %26amp; Co. analyst Meredith Whitney cut her first-quarter outlook to a loss of $3 per share from a prior estimate of a [...]
Posted by admin on March 30th, 2008
NEW YORK (AP) — Treasurys were mostly higher Wednesday after an unexpected drop in orders for big-ticket manufactured goods stirred concerns about the health of the economy. Strong demand at a 2-year note auction also lifted prices.The Commerce Department’s report that orders for durable goods fell 1.7% last month touched off fresh concerns about [...]
Posted by admin on March 30th, 2008
NEW YORK (AP) — Consumer confidence sank to a five-year low in March as tight credit markets, rising prices and worsening job prospects deepened worries that the economy has fallen into recession.The Conference Board, a business-backed research group, said Tuesday that its Consumer Confidence Index plunged to 64.5 in March from a revised 76.4 in [...]
Posted by admin on March 30th, 2008
NEW YORK�(CNNMoney.com) — U.S. stock futures were littled changed Tuesday as investors weighed more losses from the financial sector and more problems in home values as they awaited reports on consumer confidence.Less than two hours before the market open, Nasdaq and S%26amp;P futures were mixed and pointing to a flat start for Wall Street. They [...]
Posted by admin on March 30th, 2008
(Money Magazine) — There’s a movement afoot to make you directly pay more of the bill for your health care. The theory is that this will make you more choosy and that you’ll put more effort into comparing costs and researching doctors and hospitals. But for that to happen, of course, you’ll need good information [...]