Countrywide Crushed But BofA Still Buying
Forbes - The deterioration in the capital markets and the lack of liquidity for mortgage assets caused Countrywide to take a loss of $394 million as it moved $7 billion jumbo mortgage loans to a held-for-investment portfolio. Sales for the fourth quarter

Gulf Finance Home FY net rises 61 pct to 340 mln usd
Forbes - Chairman Esam Janahi stated the bank has now reached the status of a truly international blue chip Islamic investment bank. Acting CEO Peter Panayiotou said the board expects the Bank to continue delivery of its growth strategy. ‘We have a solid

Kenya violence puts ratings and investment at risk
Reuters UK - LONDON (Reuters) - Kenya’s continuing post-election inter-ethnic violence will make it harder to get East Africa’s biggest economy back on track and risks undermining its sovereign credit ratings, an analyst with Fitch stated on Tuesday. Fitch and

Baidu down on analyst’s ‘Sell’ rating
MSN MoneyCentral - The analyst added Google to his “Best Ideas” list and stated the search company is a “U.S. recession-resistant investment idea” due to its international exposure and ongoing reallocation of ad budgets to measurable mediums like the Web. © 2008 The

Abertis begins pullout from Schemaventotto investment automobile
Forbes - MADRID (Thomson Financial) - Abertis Infraestructuras SA stated it has begun the process of pulling out of the Schemaventotto (S28) investment car, which owns 50.1 pct of the Italian motorway operator Atlantia SpA. In a statement, Abertis noted

Cohen reports stake in Assured Guaranty
MSN MoneyCentral - Cohen disclosed the stake in a Schedule 13G filing, which indicates the investment is passive, and notes that the shares weren’t acquired to change or influence control of the company. Assured Guaranty shares jumped $1.09, or 4.9 percent, to $23.56 in

Brazil Real Rises on Bets Fed Cut Will Increase Investment Flow
Bloomberg - Jan. 29 (Bloomberg) — Brazil’s real rose to the highest level in more than a week on bets the U.S. Federal Reserve will reduce interest rates, making the yield advantage of local bonds more attractive to foreign investors. “Arbitrage is the word

Bond Insurers May Lose AAA Ratings Before They Get Bailout Plan
Bloomberg - Dinallo’s department hired investment bank Perella Weinberg Partners to advise it on the financial stability of bond insurers and how to protect their customers, a Dinallo spokesman stated yesterday. Losses Surge Losses at MBIA

Essex Investment Management Company, LLC, Boston
Boston Globe - Laura J. Allen, CFA; Deborah A. Coulter, CPA; Thomas Blakey, CFA; Luis R. Cortez, CFA; Jennifer F. Pinto, CPA, CFA and Saralyn Sacks, CFA, are now senior principals for Essex Investment Management Company , the growth stock investment company. Allen

UPDATE 1-RESEARCH ALERT-Deutsche Bank cuts Morgan Stanley
Reuters - Mayo also cut his price target on the investment bank to $56 from $63, and lowered his earnings-per-share estimates for 2008 and 2009 to $5.55 and $6, from $6 and $6.50 respectively. Mayo stated revenue for the bank might not be strong, adding that

Premier Media Services Inc. Chosen as Public and Investor Relations
Forbes - Primary factors in the decision to retain PMSI are the company’s excellent track record in creating custom investor awareness campaigns and their significant contacts within the investment community. “Premier Media is looking forward to working with

Travelers 4th-quarter earnings fall 11 percent on lower premiums
CNBC - SAINT PAUL, Minn. - Travelers Cos. said Tuesday its fourth-quarter profit fell 11 percent on lower premiums and investment income, but still beat Wall Street expectations. For the three months ended Dec. 31, net income slipped to $1.06 billion, or $1

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Ness Technologies Settles Arbitration Case, Takes Fourth Quarter
MSN MoneyCentral - Ness Technologies media contact: David Kanaan USA: 1-888-244-4919 Intl: + 972-3-540-8188 Email: media.int@ness.com Ness Technologies investor contact: Drew Wright USA: 1-201-488-3262 Email: investor@ness.com Copyright

Indonesia’s Bumi sees coal price rising to $150/tonne
Reuters - The sharp rise in coal prices could boost Bumi’s revenue significantly as it expects at least a 25 percent rise in its 2008 average coal prices from last year, Dileep Srivastava, Bumi’s senior vice president of investor relations, told reporters. He

Barroso Says Growth Outlook May Be Lowered `Slightly’ (Update1)
Bloomberg - The problems in the U.S. economy will impact on the global economy,” Barroso said. “Investor confidence has been undermined. It’s essential that losses be disclosed as transparently as possible,” he added. “Central banks have

The Gores Group Completes Acquisition of Sagem Communications
Forbes - The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm’s current private equity fund has committed equity

ROUNDUP French govt seeks to steer SocGen board meeting toward ousting
CNBC - The debacle has rocked investor confidence in one of France’s main financial institutions just as the global market turmoil stemming from the US sub-prime loan crisis is at its peak. After disclosing the alleged fraud last week, the bank’s share

Philippine shares close slightly higher on caution ahead of Fed
CNBC - MANILA (Thomson Financial) - Philippine shares shut slightly higher on Tuesday as caution tempered investor optimism that the Federal Reserve will slash interest rates again this week after last week’s surprise 75-basis point cut. Stocks opened

BSkyB ordered to cut ITV stake
International Herald Tribune - The ruling would cost BSkyB around 250 million pounds if it sold at the level of Monday’s closing share price as the value of the shares has dropped since it purchased them. BSkyB has previously said it is a long-term investor and it now has up to four

London shares outlook - higher, NY rebounds, investors await earnings
CNBC - Elsewhere, TUI Travel will host its investor day and give a further update on trading and its strategic review this day. The package holiday operator, which was formed from the merger of First Choice Holidays and the tourism businesses of German firm Tui

Asian Stocks Rise On Expectation Of Fed Rate Cut
Forbes - Even so, Japanese stocks are unlikely to advance on their own due to a cool investor attitude toward the market.” Hong Hong’s benchmark Hang Seng Index was up 2.12%% to 24,563.35 points at midday, boosted by energy and coal stocks on news of

Sallie Drops Lawsuit Over Disputed Fee For Breakup
Washington Post - He contrasted his “land-grant” education as “a Penn State guy” to billionaire investor J. Christopher Flowers’s Harvard background and stated at one point that he would not accept a reduced price. Later, he urged Flowers to reopen negotiations, but

Elekta: Invitation to Investor Day in Crawley, UK, March 12
MSN MoneyCentral - Elekta (STO:EKTA) will publish its 9 month report on March 10 at around 13.00 CET followed by a teleconference at 15.00 CET on the same day. On March 12, Elekta will arrange an Investor Day at the company’s Product Supply Center Oncology in Crawley

Chinese-style hedge funds lure top managers
Forbes - Unlike their overseas peers, they are barred from issuing shares by themselves to create pools of investor money. That means many private fund managers have the complex task of operating dozens of individual trading accounts held by clients. Capital

Jet Airways to raise $800 million
Times of India - Jet, which last year put a $400 million rights issue on hold because of a global credit crunch, will kick-start the process in two weeks and close the issue 90 days later, KG Vishwanath, senior general manager of investor relations said. “We’re

Emerging Market Debt Rises Sevenfold Since 1994, Says ABN Amro
Bloomberg - Economies boosted by surging commodity prices and slowing inflation are driving demand from pension and mutual funds for emerging-market debt, fueling investor returns. The bonds handed investors 10.8 percent in the past 12 months, according to the

Steel Partners Japan Urges Noritz to Include Value Enhancement Steps
Forbes - Plan Summary disclosed by the Company on December 21, 2007, and SPJSF therefore makes no representation regarding their accuracy. About SPJSF Steel Partners Japan Strategic Fund (Offshore), L.P. is a long-term relationship/active value investor

Ituran Location and Control Ltd. Schedules its Fourth Quarter
MSN MoneyCentral - On the call, management will review and discuss the results, and will be available to answer investor questions. To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before

Hidden fees clip boomer nest eggs
Seattle Post Intelligencer - The most an investor should pay for a mutual fund-based 401(k) is 1 percent, said Gregory Kasten, a financial planner who advises wealthy people on $2 billion in investments at Lexington, Ky.-based Unified Trust Co. “If the fees in a plan are costing

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