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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