Archive for the “Today” Category

GSEs near deal to issue stock, get capital: sources
Boston Globe - It would be a massive step forward” for the companies and the markets, said Charles Lieberman, chief investment officer of Advisors Capital Management, LLC in Paramus, New Jersey.

US ‘interested in NI investment’
BBC News - Assembly minister Jeffrey Donaldson has said he’s confident US investors are interested in Northern Ireland, despite the turmoil in the financial markets. Mr Donaldson met with officials from the Department of Commerce in Washington on Monday. They

Fed Aggressive on Financial Front
NWI.com - With the swift collapse of the investment bank Bear Stearns, fears are mounting about whether other financial companies may fall. Many believe the country has already sunk into recession and all the problems _ if not contained _ will deepen and

UK facing worst financial crisis ‘in decades’
Daily Telegraph - Fears grew that another major investment bank could be in serious trouble following the near collapse of Bear Stearns The Bank of England pumped £5 billion into the money markets in an attempt to restore confidence in the banking system.

Lifecycle Pharma launches 409 mln dkr directed rights issue
CNN Money - UBS) Investment Bank are acting as coordinators and lead managers of the offering, which is not underwritten. Lifecycle Pharma said Lundbeck AS and Novo Nordisk (NYSE:

Flybridge Capital Partners Launches with $280 Million Early-Stage
PR Inside - We’re very pleased with the response we received from the investment community while raising the fund and have garnered the support of some of the most respected limited partners in the industry,” said Michael Greeley, a General Partner with

TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 GMT
CNN Money - BSC) in order to negate a 1 bln usd loss he now faces as a major shareholder of the ailing investment bank, the Daily Telegraph reported. 2008-03-18 07:18:26 Safran preparing for sale of Sagem Mobiles unit - report PARIS (Thomson Financial) - Safran is

H&R Block shedding mortgage service arm
Fort Wayne Journal Gazette - WL Ross & Co. earlier agreed to acquire $42 billion in mortgage-servicing rights from American Home Mortgage Investment Corp., and the combined total of $95 billion will create the country’s second-largest subprime servicing portfolio, after

Washington tries to cease bleeding
Cincinnati Enquirer - With the quick collapse of the investment bank Bear Stearns, fears are mounting about whether other financial companies may fall. Many believe the country has already sunk into recession and all the problems - if not contained - will deepen.

Legal & General FY profit down 26 pct UPDATE
CNN Money - The rise in L&G’s share price was in line with the wider insurance sector, which rose this morning following a steep sell-off in all financial stocks yesterday in the wake of the collapse of US investment bank Bear Stearns. (NYSE:

World markets plunge after buy-out
Hounslow Guardian - Worldwide markets have recorded heavy losses following the emergency bail-out of US investment bank Bear Stearns. But the Dow Jones industrials recovered towards the end of trading to finish up about 21 points, despite being down 200 points in early

Wall Street is volatile after buyout, Fed move
Akron Beacon Journal - NEW YORK: Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.’s government-backed buyout of the stricken investment bank Bear Stearns Cos. The Dow Jones industrials recovered from an

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Recession Time
BusinessWeek - by Peter Coy Wall Street got its hopes up on Mar. 11. Elated by a Federal Reserve move to stop the credit crunch, the U.S. stock market posted its biggest one-day gain in five years, with the Dow Jones industrial average rising more than 400 points

TOP OF THE TICKET Blog Excerpts
Los Angeles Times - There was a new poll last week from the Wall Street Journal/NBC News showing support for Hillary Rodham Clinton and Barack Obama has remaining tight nationally, with Obama edging ahead within the margin of error. There’s good news in the poll for

Hollywood looks for a new smash
Boston Globe - It’s not a niche thing anymore. We’ve had senators, congressman, doctors, lawyers, Wall Street guys get into fighting. Women, too.” Somewhere, there’s a motion picture in that.

THE BUSINESS OF
Biloxi Sun Herald - Hemlines rise and fall nearly like the fortunes of Wall Street. White cotton gloves now seem as quaint as petticoats. But for some women, an outfit just isn’t complete without the right hat, and some stores cater to that accessory. Easter is the hat

Madrid shares TFN at a glance outlook
Forbes - -The broad market is expected to open flat to slightly higher after Wall Street’s late recovery triggered by Standard & Poor’s prediction that the big subprime asset writedowns by financial companies might be nearing an end. But losses in Asia and

Euroshares open flat as Asia woes offset Wall St recovery; Prudential
Forbes - Overnight on Wall Street, the DJIA reversed earlier losses to close 35.50 points higher at 12,145.70, while the S&P 500 index shut up 6.75 at 1,315.50 and the Nasdaq Composite index ended 19.74 ahead at 2,263.61.

Palmer pilots Tiger with pep talk, then Tiger tames the Palmer
CBS Sportsline - ORLANDO, Fla. — You never know who you’re going to run into around the Bay Hill Club & Lodge, a popular wintering spot this time of year. Might be a baron of industry, kingpin of Hollywood, captain of Wall Street or perhaps even the undisputed king

Wall Street awaits inflation reading
CNN Money - NEW YORK (CNNMoney.com) — Stock futures drifted early Friday as investors awaited a key inflation reading and a speech from Federal Reserve Chairman Ben Bernanke. About three hours before the start of trading, Nasdaq and S&P futures were narrowly

Is Wall Street Close to a Bottom?
Muscatine Journal - NEW YORK - Investors nursing whiplash symptoms after watching the market’s recent wild swings might find that Wall Street will deliver some relief in the coming weeks. While volatility isn’t going to disappear overnight, some experts suggest the market

Homes project at a crossroads
Los Angeles Times - The bonus is putting vast sums into the pockets of billionaire mortgage CEO’s and insiders on Wall Street. The only problem I see: not enough middle income homes to distribute as perks for the relatives and friends of the developers.

Klayman & Toskes Files Arbitration Claim Against Wachovia On Behalf of
MSNBC - Klayman & Toskes, P.A., an experienced and nationally recognized securities litigation law firm, continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms

Road trip movie maker driven
Times-Leader - The innovative “Bonneville” marketing plan has raised eyebrows in the industry, even earning a prominent story in The Wall Street Journal’s advertising column.

Part-time workers pile on the jobs
Steamboat Pilot & This day - Part-time employment is increasing nationwide, statistics show, and the scene appears to be thriving in Steamboat Springs. The Wall Street Journal reported last week that more people — an average of 1.8 million in 2007 — are working multiple part

Wall Street Stocks Head for Lower Open
Washington Post - People with umbrellas walk by a Tokyo brokerage’s stock indicator showing Japan’s benchmark Nikkei 225 stock index Friday, March 14, 2008. Japan’s main stock index extended losses Friday to a fresh low for the year as traders sold exporter issues

Fed takes action to save Bear Stearns
World Link - The Fed announcement came in a brief two-sentence statement that was issued as stocks were plunging on Wall Street over worries that a plan to ease a liquidity crisis at Bear Stearns Cos. might not work.

Ahead of the Bell: Consumer Sentiment
Boston Globe - The market expects a reading of 69.5, according to a consensus estimate of Wall Street economists surveyed by Thomson/IFR. That’s slightly down from February’s 70.8 reading, the lowest final monthly reading in 16 years.

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Moody’s cuts WaMu credit rating
Houston Chronicle - The new ratings are still considered investment grade, but reflect moderate credit risk. Moody’s also put a negative outlook on all Washington Mutual entities.

After Bear Stearns, who might be next?
Forbes - Is this going to happen to other investment banks? A: Nobody knows for sure, but it could. Until proven otherwise, the market will probably act as if there are more near-collapses to come — just as it did on Friday, when investors sold off their bank

CORRECTED: Clinton pitches plans to battle rising energy prices
Boston Globe - Clinton called for investment in substitute energy, higher fuel economy standards for automobiles and a one-year moratorium on additions to the nation’s strategic oil reserves.

Jackson lawyer: Neverland auction off
Boston Globe - Londell McMillan, told The Associated Press his client has worked out a confidential agreement with Fortress Investment Group LLC allowing him to retain ownership of the estate.

Fitch cuts Bear Stearns rating four notches
Reuters - NEW YORK, March 14 (Reuters) - Fitch Ratings on Friday cut Bear Stearns’ (BSC.N: Quote , Profile , Research ) credit ratings by four notches after the fifth-largest U.S. investment bank said a cash squeeze had forced it to turn to the Federal Reserve

Rapco, Major Custom Cable under new ownership
Southeast Missourian - The company was controlled by Cameron Holdings, a San Diego-based investment firm that also has offices in St. Louis. “For us it was our fourth ownership group,” Williams said.

London traders told stop dealing with Bear: sources
Reuters - JPMorgan Chase & Co and the Federal Reserve Bank of New York on Friday concurred to provide emergency financing to Bear Stearns after the investment bank said its cash position had deteriorated sharply, sending its shares into freefall.

Bear Stearns gets a lifeline from Fed and a rival
International Herald Tribune - NEW YORK : Bear Stearns, facing a grave liquidity crisis, reached out to JPMorgan on Friday for a short-term financial lifeline and now faces the prospect of the end of its 85-year run as an independent investment bank. With the support of the

Masimo to Present at Citi Investment Research 5th Annual Small & Mid
Forbes - IRVINE, Calif., March 14 /PRNewswire-FirstCall/ — Masimo Corporation (Nasdaq: MASI), the inventor of Pulse CO-Oximetry and Measure-Through Motion & Low Perfusion pulse oximetry, this day announced that it is scheduled to present at the Citi Investment

FIFA executive backs quota for foreign players
Reuters UK - Blatter, who has the full support of his executive committee for the proposals, said the idea would strengthen the identity of clubs and promote investment in developing young players.

US SEC working on “fair value” accounting tips
Reuters South Africa - Late last year, the SEC issued a similar letter to about two dozen large banks, investment banks and insurance companies, urging them to disclose their risks linked to the subprime credit market.

Sector roundup: Airlines, women apparel
MSN MoneyCentral - NEW YORK (AP) — Shares of investment bank Bear Stearns Cos. lost nearly half their value, and led other investment banking stocks lower, after JPMorgan Chase & Co. said it and the Federal Reserve Bank of New York would provide funding to the

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Florida Democrats weigh options on delegate dilemma
Los Angeles Times - GOP pollster Bill McInturff, who conducts the Wall Street Journal/NBC poll with Hart, said their latest survey showed that the protracted contest is beginning to take a toll — for example, by driving up negative feelings about Clinton among Obama

ANALYSIS-Wall Street, Washington share bailout idea
Forbes - WASHINGTON (Reuters) - A mortgage bailout plan hatched between Wall Street and Congress is gaining political traction even though it could be on a crash-course with the Bush administration. The plan would amount to a steroid boost for the Federal

World Economic Forum Announces DDB Latin America and U.S. Hispanic
StreetInsider.com - Robert Thomson, Publisher, Dow Jones & Company and The Wall Street Journal, USA; and Hisashi Hieda, Chairman and Chief Executive Officer, Fuji TV Network, Japan.

ISI Telemanagement Solutions, Inc. Receives Unified Communications(R
Yahoo Finance - news section; case studies of successful deployments and lessons learned; interviews with leading hardware and software companies; and an ‘industry’ section, featuring analysis of important mergers and acquisition, partnerships and a Wall Street

Sex scandal passes but Spitzer might face legal woes
Reuters - Spitzer, who fought malfeasance on Wall Street with publicity-conscious vigor, fell from grace after The New York Times reported this week that his conversations to arrange for an expensive call girl in a Washington hotel were caught on a federal

FDA Panel Upholds Anemia Drugs’ Benefits
Forbes - The recommendation wasn’t as restrictive as some on Wall Street had feared it would be, and shares of Amgen climbed by more than 4 percent in afternoon trading.

Sector Snap: Ethanol Drops on Outlook
CNN Money - Though results beat Wall Street expectations, with analysts predicting a loss, VeraSun’s margins were squeezed by soaring corn costs and weak ethanol pricing as the industry expanded capacity faster than demand.

Sex scandal passes but Spitzer may face legal woes
International Herald Tribune - That led to the stunning downfall to a man who evoked morality as he pursued malfeasance on Wall Street while attorney general of New York state.

Wall Street, Washington share bailout idea
Reuters - WASHINGTON (Reuters) - A mortgage bailout plan hatched between Wall Street and Congress is gaining political traction even though it could be on a crash-course with the Bush administration. The plan would amount to a steroid boost for the Federal

News.com Extra: Posts by Emily Shurr
CNET News - This whole time we thought it was lack of self-discipline. Read the full story at The Wall Street Journal : ” Why We’re Powerless To Resist Grazing On Endless Web Data

Consumers retrench, labor market weak
Reuters South Africa - the ranks of workers remaining on say unemployment benefit rolls hit the highest level in almost 2-1/2 years in the final week of February, government reports on Thursday showed. Now the growing credit crunch that has wreaked havoc on Wall Street is

Sector Glance: Health Insurers
CNBC - A day later, Aetna Inc. reaffirmed an outlook that was below Wall Street expectations. Then on Wednesday, Humana Inc. cut its forecast, citing higher-than-expected Medicare prescription drug plan claims.

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A stock market bounce built on desperation
News.com.au - But as the Wall Street Journal points out, the Fed could run low on these ‘unconventional tools’. Unless it actually started monetising debt - if so, jumping on a fast boat to Zimbabwe.

Will Consumer Spending Crush the US Dollar?
AME Info - An article in the Wall Street Journal today speaks about the degree of Middle Eastern investment into the US real estate market. With the dollar continuing to fall, these investments could pick up pace, providing support for the ailing housing market.

Stock market bounce a dead cat
News.com.au - The Fed’s offer to let Wall Street’s biggest investment banks borrow up to $US200 billion against their highly toxic mortgage-backed securities is however a breath of fresh air and will offer some short-term relief.

The Afternoon Wrap: Wednesday
New York Observer - The city has commissioned architects to design sculptural security barriers evoking the history of Wall Street to protect against terrorism. [Tribeca Trib]

Spitzer Resigns in Disgrace Over Scandal
Seattle Times - His dizzying downfall was met with glee and the popping of champagne corks among many on Wall Street, where Spitzer was seen as a sanctimonious bully for attacking huge salaries and abusive practices in the financial industry when he was New York

Stocks Blended After Fed Move, Record Oil
Forbes - Wall Street turned blended in erratic trading Wednesday, a day after a massive rally triggered by the Federal Reserve’s plans to pump liquidity into distressed financial markets. Profit-taking, mixed feelings about the efficacy of the Fed’s move, and

Experts: Don’t fear the weak dollar
CNN Money - Many on Wall Street say the Fed’s rate cuts are partly to blame for the weak dollar because lower short-term rates have helped fuel the rise in oil and other commodities and undermine confidence in the dollar.

Eagle Rock Energy Partners Q4 Loss Widens [EROC]
Stockhouse Canada - Wall Street had a consensus earnings estimate of $0.28 per share. Revenues for the full year increased to $779.199 million from $478.390 million last year, while analysts were looking for revenues of $865.98 million.

New York Gov. Spitzer resigns amid sex scandal
Reuters South Africa - NEW YORK (Reuters) - New York Gov. Eliot Spitzer resigned on Wednesday amid a scandal over a $1,000-an-hour prostitute, ending a career built on pugnacious investigations of Wall Street crimes and an image of moral rectitude. His resignation

Lazard analyst pulls Vertex Sell rating
CNBC - While some on Wall Street state Vertex has established a leadership position in what could be a multibillion dollar class of drugs, the company could face competition from Schering-Plough Corp., which is conducting midstage studies on its oral

Spitzer said to be negotiating with prosecutors
WLOX - The New York Democratic governor, who announced his resignation this day, is enmeshed in a expensive call girl scandal that could carry a series of charges as well as possible disbarment for the 1-time “Sheriff of Wall Street.

Insight: Wall St dominoes topple on Main St
Financial Times - Not a week goes by without news of fresh disruption in yet another segment of the financial markets. The dynamics are those of falling dominoes on Wall Street that increasingly end up on Main Street. With the frequency of policy announcements also

Spitzer Apologizes For ‘Public Failings’
KCTV 5 - Spitzer’s crusades had earned him the nickname “Sheriff of Wall Street.” At a morning news conference, Senate Majority Leader Joseph Bruno, Spitzer’s chief rival, stated he’d not yet heard from the governor but that he was moving on with the business

Stocks Blended After Fed Move, Record Oil
Chicago Tribune - NEW YORK - Wall Street turned mixed in erratic trading Wednesday, a day after a big rally triggered by the Federal Reserve’s plans to pump liquidity into distressed financial markets. Profit-taking, mixed feelings about the efficacy of the Fed’s

Spitzer resigns amid sex scandal
News.com.au - New York Governor resigns after sex scandal Dsigrace cheered by Wall Street Deputy will replace Spitzer as Governor NEW York Governor Eliot Spitzer has resigned amid a scandal over a $US1000-an-hour ($1070) prostitute, ending a career built on

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Muto Vows to Keep Japan Growth Going
NWI.com - While few expect the political scuffling to have an immediate impact on monetary policy, the prospect of a vacuum in such a high-profile spot could undermine investor confidence in the world’s second-largest economy.

Japan Opposition Doubts Bank Nominee
Newsday - A parliamentary delay in Muto’s confirmation would be an embarrassment for Japan on the international stage, reducing investor confidence at a time when global markets are in turmoil.

‘Recession-proof’ Pearson can instruct market
Daily Telegraph - On a multiple of 4.5 times next year’s earnings, Davenham looks cheap and could offer the brave investor good returns. However, it is certainly not one for the faint-hearted.

BeaconEquity.com Issues TraderNotes on NCEN, BX, BSC, INTC, AMGN
Forbes - Join the fastest growing investor community at: http://www.stockhideout.com BeaconEquity.com’s TraderNotes are brief analyses on the active stocks everyday that are affecting the markets.

Investment options for senior citizens
Economic Times - Optimising returns from a given corpus is the objective of every investor. However, the task gets tougher in the case of senior citizens who can’t take much liberty in terms of risk. The challenge for these investors is a balance between risk and

Patience Prevails In Real Estate
Forbes - This is a simplified version of what a real estate investor would look at as a recovery. A nationwide real estate recovery–remember that real estate, like all politics, is local–could take years just to get us back to the pre-downturn levels, but

Arkmile bid for CIF could spark battle
Financial Times - Mr Tchenguiz was a “co-investor” in the consortium for Southern Water CIF’s listed securities jumped 51 cents or 21 per cent to A$2.93 on Tuesday, while Challenger Financial Services shed 1 cent to A$1.90.

HSBC rebel investor renews attack on U.S. unit
Reuters - LONDON (Reuters) - A rebel investor in HSBC (HSBA.L: Quote , Profile , Research ) who has been urging strategic change said that by holding on to its troubled U.S. consumer finance arm the bank was making a larger mistake than the “catastrophic

Filmmakers get their turn in spotlight
El Paso Times - Numerous workshops on the film industry, from auditioning to swashbuckling for the silver screen to pitching a film to an investor, will be offered for filmmakers.

Wall Street celebrates Spitzer’s possible fall
San Francisco Gate - It’s hard to think of a man who engendered more hatred on Wall Street - or more qualified admiration from investor recommends - than Spitzer. In his last five years as New York’s attorney general, he went after investment banks for issuing conflicted

Endless Dithering Over NITEL
Nigeria Guardian - By the end of last year government reportedly constituted a committee to search for a new core investor. Transcorp expressed its intention to uphold due process and the rule of law in response to the action of the government.

Cougar Drops on High Volume
Los Angeles Business Journal - Broadpoint Capital Inc. analyst Simos Simeonidis stated the sudden drop may have come from a huge institutional investor unloaded all or part of its stake.

Book Review
American Reporter - Morgana Press - a local publishing home threatened by Katrina only days after concurring to publish its first book, some of its principals forced to flee the deadly hurricane, many of those remaining utterly discouraged and investor growing queasy

One woman’s dream ends in bankruptcy
Boston Globe - After a sleepless night, Judy George sent a frantic e-mail at 5:52 am to Domain Home employees to tell them the Norwood furniture chain would collapse unless she quickly found an investor to save the company she started 22 years ago. The message

BNY Mellon Asset Servicing Crowned ‘Fund Administrator of the Year’ in
Biloxi Sun Herald - Out of all the key markets, China QDII (Qualified Domestic Institutional Investor) and South Korea ITMC (Investment Trust Management Company) represented the most active Asian market segments for BNY Mellon in the last 12 months, where the company

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Autogrill Buys Duty-Free Businesses for $1.5 Billion (Update4)
Bloomberg - S&P rates the bonds BBB+, the third-lowest investment grade. Heathrow Complaints Ferrovial wants to refinance BAA’s debt to grant 4 billion pounds of investment in time for the 2012 London Olympics.

Accuray to Present at Citi Investment Research Small & Mid-Cap
MSN MoneyCentral - SUNNYVALE, Calif., March 10 /PRNewswire-FirstCall/ — Accuray Incorporated ARAY , a global leader in the field of radiosurgery, announced this day that its management is scheduled to present at the Citi Investment Research Small & Mid-Cap Conference at

Rudd declares war on binge-drinking with $53m fund
News.com.au - A $14.4 million investment in community initiatives (will) confront the culture of binge drinking, particularly in sporting organisations,” he stated.

Crude Oil Rises Above $107 to Record as Returns Outpace Stocks
Bloomberg - Clearly the fundamentals don’t matter at this point,” said Chip Hodge , a managing director at MFC Global Investment Management in Boston, who oversees a $4.5 billion energy-company bond portfolio. “We’ve seen bubbles in other markets over the years

Sun Life Financial Enhances Masters Variable Annuity Investment
MSN MoneyCentral - The U.S. division of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF) today introduced new investment options for its Masters Variable Annuity suite, including a new 90/10 Masters Model for customers seeking investments heavily weighted in stock funds

Walker’s World: The U.K. economy falters
United Press International - The third is that Britain remains by far the most attractive location in Europe for foreign investment. The latest World Investment Report produced by the U.N.

Milan shares close lower, tracking Wall Street, led by Prysmian
Forbes - MILAN (Thomson Financial) - Share prices shut lower, falling in the later part of the session on Wall Street’s weak performance, and led by Prysmian on lower broker price targets, and Atlantia on investment delays, brokers said. The Mibtel index

UPDATE 1-RESEARCH ALERT-Morgan Stanley cautious on US banks
Reuters - The investment bank cut its 2008 estimates on banks by $8.8 billion to take into account further expected write-downs in capital markets businesses.

Trusco Capital Management
Nashville Business Journal - Our firm philosophy centers on our purpose: to consistently provide investment performance with passion that delivers the highest level of client service. We support our philosophy and add value by: - Working closely with our clients to satisfy their

Bear Stearns’ Greenberg dismisses cash crunch speak
Reuters - NEW YORK (Reuters) - Bear Stearns Cos’ (BSC.N: Quote , Profile , Research ) chairman of the executive committee, Alan Greenberg, on Monday stated market speculation that the investment bank was facing liquidity problems were “totally ridiculous

China’s trade surplus plunges but analysts state exports should bounce
International Herald Tribune - The communist government is prodding China’s consumers to spend more in hopes of reducing reliance on exports and industrial investment to drive growth.

DEALTALK-Today’s sellers prefer cash deal to high-priced auction
Reuters - In M&A auctions now it’s often no longer about getting as many people as possible in and seeing who will offer to pay most, it’s about finding someone who actually has the money,” said one senior European investment banker.

Corzine, Rendell willing to raise money for Fla., Mich. revotes
Philadelphia Inquirer - Corzine, a multimillionaire from running investment firm Goldman Sachs, has spent $100 million of his own money to become governor and U.S. senator.

Spain’s victorious Socialists turn to economy
Boston Globe - Economists state Spain badly needs to make its exports more attractive and encourage inward investment in sectors other than property, notably by improving productivity as well as infrastructure and education.

Credit crunch sends Blackstone into the red
Times On the internet - Blackstone Group plunged $170 million into the red in its fourth quarter while executives at the US private equity giant received an eleven fold hike in annual pay and benefits. The company, whose sprawling investment empire spans buyouts, real

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Sharp Drop in Jobs Adds to Grim Economic Picture
New York Times - WASHINGTON — The worst fears of consumers, investors and Washington officials were confirmed on Friday, as deepening paralysis on Wall Street collided with stark new evidence of falling employment and a likely recession. In a report that was far

Taipei shares open lower on Wall St tumble
Forbes - TAIPEI (XFN-ASIA) - Share prices opened lower after Wall Street fell sharply overnight on worsening credit market problems and a surge in US home foreclosures, dealers said. At 9.04 am, the weighted index was down 82.38 points or 0.95 pct at 8,576.26

Hong Kong shares lower on Wall St fall, China worries; Sun Hung Kai
Forbes - HONG KONG (XFN-ASIA) - Share prices were sharply lower midmorning after Wall Street tumbled overnight amid renewed concerns over credit markets and a spike in US home foreclosures. China stocks were down on worries over possible new credit tightening

Onset of recession adds new fears to White House race
Guardian Unlimited - It prompted a continuation of a sell off on Wall Street. The Dow lost more than 370 points throughout last week. Another measurement of the stock market - Standard and Poor’s 500 stock index - has now got off to its worse begin to a year since 1933.

Hillary sets her sights on three ways to win
Times Online - Karl Rove, former adviser to President George W Bush, observed in The Wall Street Journal: “The interesting intellectual phenomenon is the emergence of the ‘McCainicrats’ – Democrats backing McCain

Whole Foods faces some shareholder dissent at annual meeting
Austin American-Statesman - The annual shareholder meeting of Whole Foods Market Inc., held Monday in Austin, is normally a celebratory affair. But this year the tone could be more somber. The company’s shares, once popular on Wall Street, are trading near their four-year lows

Singapore shares sharply lower at midday as credit woes hit Wall
Forbes - SINGAPORE (Thomson Financial) - Singapore shares were sharply lower at midday on Friday as investors dumped shares after Wall Street’s sharp decline overnight following more bad news from the credit and housing markets. The Dow Jones Industrials slid

Banks face “systemic margin call,” $325 billion hit: JPM
MSN MoneyCentral - NEW YORK (Reuters) - Wall Street banks are facing a “systemic margin call” that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co , stated in a report late on Friday. JPMorgan, which sent a

Lat Am nations end crisis with a handshake
Gulf Times - Friday’s outcome confirmed predictions from the Pentagon to Wall Street that the dispute wouldn’t escalate into the first military conflict between countries in the region since Peru and Ecuador fought briefly over their border more than a decade

Carlyle Capital Aims to Halt a Meltdown
Wall Street Journal - Conditions at Carlyle Capital Corp. had become so dire Thursday that Carlyle Group co-founder David Rubenstein raced back to Washington, D.C., that night from a Wall Street confab at the swank Deer Valley, Utah, ski resort. Stepping off his

Profile: Vikram Pandit
Guardian Unlimited - But over the past week, Wall Street has succumbed to seemingly irredeemable pessimism over the prospects of the large firm and the 51-year-old executive’s commitment to making the changes it needs to survive.

Giving Murdoch a run for his money
The Independent - Last summer, when the Bancroft family decided to sell The Wall Street Journal, there were many at the Financial Times who prayed they would not do a deal with Rupert Murdoch. Pairing the prestigious 118-year-old WSJ with News Corporation’s global

Fat-cat failures blame the press
Times On the internet - Fat-cat failures blame the press Wall Street REMEMBER when people used to blame the parents? Or “society”? These days it’s the media what’s to blame.

Mortgage woes, economic worry sink Wall Street
Reuters - NEW YORK (Reuters) - Stocks tumbled on Thursday after a series of fresh jolts to credit markets and lackluster retail sales compounded worries the economy is near recession, driving the benchmark Standard & Poor’s 500 down 2.2 percent to its lowest

Conflict is costing trillions – ‘they can explain the benefits’
The Independent - A review in the Financial Times by Tunku Varadarajan of The Wall Street Journal accuses Stiglitz of having “entered into territory where it is fraudulent to offer up the omniscient exactitude of three trillion”

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Fifth Third looks to grow advising
Cincinnati Enquirer - Fifth Third plans to offer more financial advice out of its Investment Advisors unit in 2008 as it looks to attract more clients with $1 million in assets. David Pittman, president of the unit, said he’s trying to focus the unit’s private bank on

Coming Week: Awaiting a Bottom
Street.Com - right now, and in very bad psychological shape, a good contrarian investor would look for a tiny more weakness to this market — below 1300 on the S&P 500, specifically — and then start adding to positions,” states Vinny Catalano , chief investment

University Of Bristol: Be part of the equation
HULIQ.com - Thanks to initial investment from the South West RDA and working in collaboration with a wide range of partners across the region, Science City Bristol will play a key role in the sustainable economic and social development of the city region over

The Stakes Have Never Been Higher
Middle East Online - In that speak I noted that, despite our deep investment and involvement in the Middle East, because we didn’t understand the region’s history or its requirements, and because our policy decisions were too often distorted by political considerations

Iraq’s parliament faces big challenges revisiting delayed laws
International Herald Tribune - A measure aimed at regulating foreign investment in Iraq’s underdeveloped oil sector, and distributing its revenues among the nation’s Sunni and Shiite Arab communities and the massive Kurdish minority, has been bogged down in parliament since February

Race to replace Hastert is in national spotlight
Chicago Tribune - The 14th District contest has been an expensive and negative battle between Oberweis, a 61-year-old investment manager and boutique dairy owner, and Foster, a 52-year-old retired Fermilab physicist who made his millions after starting a theater

Will you choose a cash Isa or a crash Isa?
This is Money - As long as you have opened your Isa this tax year and initiated the transfer process, it will be counted as a 2007/08 investment. More importantly, if you do not use your full cash Isa allowance of £3,000 this year, you will not be able to carry it

The Best Returns Possible
MSNBC - For example, the dividend-paying monster that is Johnson & Johnson has turned an initial investment of $25,000 into nearly $1.7 million over 30 years — through dividend reinvestment. That’s a return of more than 6,500%. By reinvesting the dividend

Minister Mackay Announces Federal Investments at Nova Scotia Small
Market Wire - Since February 2006, the permanent annual funding for the Small Craft Harbours program has been increased by $20 million, and in Budget 2008 we committed a further investment of $10 million over two years for fixes and environmental cleanup at

The brightest bulbs
Baltimore Sun - Watching football, raking leaves, carving pumpkins and planting bulbs are activities generally associated with fall. Spring is when those bulbs - daffodils and tulips - are supposed to reward that autumn investment with brilliant flowers. Lost in our

Costs, other concerns spark debate over requiring green power
Chicago Tribune - Jennifer Granholm says Michigan has the potential to become a regional manufacturer of wind-power components and is well-positioned to capture and produce wind energy, attracting $6 billion in investment and creating 17,000 jobs.

Baker Tilly adds to workforce
Edinburgh News - Elsewhere, the firm has Sheila Low, who boasts a long career in venture capital, investment management and corporate finance, as a business development director.

All Cleveland, Akron, Canton and Youngstown Area KeyBank Branches
MSN MoneyCentral - Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $100 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment

More Trouble at Carlyle Capital
Forbes - Securities have dropped sharply in current weeks as banks pull back on their lending, forcing investment automobiles and funds like Carlyle to dump assets.

The Ideal Investments Available to Ordinary Investors
Motley Fool - They give you nasty nicknames like “Joe Oddlot” and call you the dumb money in the market. They say they’re the sharks in the dangerous waters of the stock market and you’re their prey. Worst of all, they have the ability to scare you into paying exorbitant sums of

Redevelopment takes large step forward
El Paso Times - El Paso Mayor John Cook stated Foster’s project would “fit right in with the (city’s) Downtown plan,” which, he said, needs private investment to work.

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Young Broadcasting Inc. Announces Fourth Quarter and Year End 2007
MSN MoneyCentral - Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected

CORRECTING and REPLACING Tongjitang Chinese Medicines Company to
MSN MoneyCentral - In the U.S.: Ashley Ammon MacFarlane and Christine Duan 203-682-8200 (Investor Relations) or In Asia: Xuyang Zhang 86 10 8523 3087 (Investor Relations)

CHAD Therapeutics Closes Sale of Transfilling Assets for $1.825
Raleigh News & Observer - Yager, President and CEO, 818-882-0883 www.chadtherapeutics.com or Investor Contact: Neil Berkman Associates 310-826-5051 info@berkmanassociates.com

EU watchdogs focus on consumer benefits
Guardian Unlimited - The Markets in Financial Instruments Directive or MiFID, came into effect last November to tear down barriers to cross-border competition in share trading and push down prices for a more protected investor.

Alliance Data Systems completes financing deal 9:16 AM CT
Dallas Morning News - Alliance Data Systems stated it will fund its portion through cash, CDs or through an agreement with another private investor, until it may select to issue asset-backed bonds either this year or next.

UPDATE4-Gold advances towards $1,000 oz, platinum tumbles
Forbes - The investor interest is incredibly strong across the whole commodities complex and gold is the prime hedge against inflation and a weaker dollar,” he added.

London shares lower midday; miners fall; Wall St seen down ahead of US
CNN Money - and noted that the deals looked pricey. Elsewhere, British Airways fell back 2-1/2 at 242-1/2, as Panmure Gordon downgraded the group to ‘hold’ from ‘buy’ and cut its price target forecast to 265 pence from 410 pence following the group’s investor

Ray Unger: On herding buffalo and investors over cliffs
Wisconsin State Journal - Whereas these plains herders used sticks and prods to gently move the buffalo along the trails, today’s hedge fund herders are leading the average investor to sell out their long-held stocks by saturating the market with sell orders to depress the

ETFs Take the Fast Track
Motley Fool - After all, the glut of ETFs on the market now is only responding to investor demand. But even though the move might be smart, I have concerns about how the results could affect investors.

Scandal gives Fidelity guru Lynch ‘a blemish’
Boston Herald - It’s a pittance in terms of other (SEC) settlements, but it’s still an embarrassment,” stated Jim Lowell, editor of the independent Fidelity Investor newsletter.

Tech Stocks Rally, Financials Bounce Back
CNBC - Until then, if you’re an investor, you have to let the market come to you. Look for those multinationals it’s going to be very hard to make money in this environment.

TiVo to Present at the Bear Stearns 21st Annual Media Conference
Yahoo Finance - The webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com under the events calendar tab.

Genoptix Announces Participation at Lehman Brothers 11th Annual Global
MSN MoneyCentral - The presentation is expected to last approximately 30 minutes, followed by a short question and answer session, all of which will be webcast live on the Internet and accessible through the investor relations section of the Genoptix website at http

Debut Broadcasting Corporation, Inc. to Host Its First Investor
MSN MoneyCentral - — A live Internet broadcast and slide presentation will -be accessible at http://65.197.1.5/att/confcast — Replay Number(s): (800) 475-6701 in the U.S. and (320) 365-3844 for international callers. — Replay Pass codes (both required for playback

Progress Energy sells noncore assets
MSN MoneyCentral - RALEIGH, N.C. (AP) - Progress Energy Inc. said Friday it has shut the sale of its Powell Mountain Coal Co., Dulcimer Land Co. and Kanawha River Terminals to an investor group for $94 million. The utility first reported the deal in December as part

Abbot Group States Scheme To Effect Recommended Buyout By Turbo Alpha
RTT News - 3/7/2008 8:11:29 AM Tronox Inc. (TRX, TRX.B) announced that Robert Gibney, who has been named vice president of corporate affairs, is assuming responsibility for human resources as he continues to lead the company’s investor relations and

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