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Selling in May can hurt in harsher equities world
Reuters* Seasonal trading less relevant since financial crisis * Central bank cash trumps "sell in May" strategy * Professional investors see stocks higher in coming months By Atul Prakash LONDON, May 7 (Reuters) - Seasonal trading in equities has lost its...Tags: European Central Bank, Economy, Business and Finance, Central Bank, Finance, Financial Markets
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GLOBAL MARKETS-Asian shares capped but Nikkei soars on US growth hopes
Reuters* MSCI Asia ex-Japan down 0.1 pct, Nikkei hits highest since June 2008 * Australian dollar pressured ahead of RBA decision * Gold suffers as big ETF sees outflows continuing By Chikako Mogi TOKYO, May 7 (Reuters) - Asian shares were capped on...Tags: European Central Bank, Japan, Mario Draghi, Asia, Foreign Exchange Market
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Former Newport News investment firm CEO found guilty of fraud
The former head of an investment brokerage was found guilty of fraud on 17 counts in federal court on Monday. Prosecutors had argued to jurors that Jeffrey A. Martinovich, former CEO of MICG Investment Management, defrauded hedge fund investors by...
Tags: Mutual Funds, MICG Investment Management, Newport News (Newport News, Virginia)
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GLOBAL MARKETS-Asian shares steady on higher Wall Street
Reuters* MSCI Asia ex-Japan up 0.1 pct, Nikkei opens up 1.9 percent * Australian dollar pressured ahead of RBA decision By Chikako Mogi TOKYO, May 7 (Reuters) - Asian shares inched higher on Tuesday after the Standard & Poor's 500 Index closed at a record...Tags: European Central Bank, Finance, Australia, Credit Ratings, S&P 500
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Positive about the future
South Bend TribuneELKHART -- Learning to diversify saved many of the surviving manufacturing suppliers during the Great Recession. In the case of Walerko Tool and Engineering Corp. in Elkhart, though, the hit from the recession was limited mainly to just 2009. The...Tags: Restraint of Trade, Engineering, Employees, Corporate Crime, Technology
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Boutique investment bank Ledgemont seeks Chapter 7 bankruptcy
ReutersMay 6 (Reuters) - Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million and $50 million, according to court documents. New York-based Ledgemont was a...Tags: Investment Service, Financially Distressed Companies, Banking, Economy, Business and Finance, Bankruptcy
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CORRECTED-SPECIAL REPORT: Cheap money bankrolls Wall Street's bet on housing
Reuters(Corrects Tony Hsieh's title to CEO of Zappos, not founder, in 40th paragraph) * Institutional investors inflating Las Vegas market * Fed easy money policy boosting some housing markets * Some investors backing away from housing trade * Vegas...Tags: Mortgages, Deutsche Bank AG, Federal Reserve, Zappos.com, Auction Service
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Special Report: Cheap money bankrolls Wall Street's bet on housing
ReutersLAS VEGAS (Reuters) - Michael Marchillo, a plumber, has been trying and failing for months to buy a bigger home for his family here in Sin City. He was pre-qualified by a bank for a $130,000 mortgage, which a year ago would have landed a typical three-...Tags: Mortgages, Deutsche Bank AG, Federal Reserve, Zappos.com, Economy, Business and Finance
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Mortgage settlement violations persist in California, group says
NEW YORK -- Violations of a landmark mortgage settlement alleged by New York's attorney general are also widespread in California, a housing advocacy group says. “Banks aren’t doing what they’re supposed to be doing to help people stay...Tags: Mortgages, Bank of America Corp., Lobbying, Lawyers, Politics
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Online sales tax bill seen stalling in Republican-led U.S. House
Reuters* Senate approval of measure expected on Monday * Broad tax overhaul effort moving separately WASHINGTON, May 6 (Reuters) - The U.S. Senate was expected to vote on Monday to give states the power to enforce their sales tax laws on online purchases,...Tags: Democratic Party, Amazon.com Inc., Elections, Best Buy Co., Inc., U.S. Senate
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Alwaleed's Kingdom, on prowl for acquisitions, plans hotel sale
Reuters* Says asked banks for potential acquisition ideas * Plans to sell stakes in 20-30 hotels globally * Backs Citi CEO's "conservative strategy" * Says no rush for Twitter to go public By Mirna Sleiman and Angus McDowall RIYADH, May 6 (Reuters) -...Tags: Investment Service, Saudi Arabia, Hotel and Accommodation Industry, Earnings Forecasts, Business Enterprises
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Obama to nominate Penny Pritzker as Commerce secretary
WASHINGTON – Making official what many Democrats have expected for weeks, President Obama plans to nominate Chicago business executive Penny Pritzker, a longtime political supporter and heavyweight fundraiser, as his new Commerce secretary on...
Tags: Chicago Teachers Union, Finance, PlayStation Portable, Penny Pritzker, Hinsdale
May 7, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 7, 2013
|Story| Daily Press
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| South Bend Tribune
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Reuters
May 6, 2013
|Story| Reuters
May 2, 2013
|Story| Los Angeles Times
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