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Gazit-Globe profit dips as investment property value slidesNews from Reuters:
TEL AVIV, March 20 | Wed Mar 20, 2013 4:00am EDT
TEL AVIV, March 20 (Reuters) – Gazit-Globe, Israel’s largest real estate investment company, reported a decline in quarterly net profit that was weighed down by a drop in the fair value of investment properties, offsetting higher rental income.
Gazit-Globe said on Wednesday it earned 224 million shekels ($ 61 million) […] Continue Reading…
Five Oaks Investment sees IPO of $ 85.5 millionNews from Reuters:
March 13 | Wed Mar 13, 2013 6:19pm EDT
March 13 (Reuters) – Five Oaks Investment Corp, an investor in mortgage-backed securities, said it expects to sell 5.7 million shares for $ 15 per share, raising $ 85.5 million in an initial public offering of its common stock.The Maryland-based company added UBS, Mitsubishi UFJ Securities, Aegis Capital […] Continue Reading…
Yet More Investment Bank Scumbaggery RevealedNews from Mother Jones:
I learned something new this morning—sort of. Felix Salmon points me toward a Joe Nocera column that sheds light on the eternal question of whether investment banks rip off hot new companies by pricing their IPOs too low. Felix says he used to think the answer was no: why wouldn’t a bank price the shares as high as it could, since […] Continue Reading…
Goldman hires Morgan Stanley’s Asia investment banking headNews from Fox Business:
H – Goldman Sachs Group Inc. has hired Morgan Stanley’s Asia investment banking head Kate Richdale, the most senior banker in the region to switch firms so far this year.
Richdale will be head of investment banking services for Asia ex-Japan, according to an internal memo obtained by Reuters on Thursday, putting her in charge of client relationships in a […] Continue Reading…
French lender BNP to boost Africa investment banking businessNews from Reuters:
Sun Mar 3, 2013 2:30am EST
* BNP seeks to expand in fast-growing African mkts
* Lender changes business model in the region
* To focus more on advisory roles than plain lending
* BNP opened South Africa branch last year
By Mirna Sleiman and Dinesh Nair
ABU DHABI, March 3 (Reuters) – BNP Paribas, France’s No.1 listed bank, plans to boost its investment banking […] Continue Reading…
JPMorgan No. 1 Investment Bank Amid New DealsNews from Businessweek:
Investment banking, after five long, hard years of negative or anemic growth, job cuts, pay cuts and public lashings, is on the verge of a comeback. Really, it is — if the data can be believed.
All the economic statistics show that the markets are ripe for a rebound in mergers and acquisitions and equity issuance in 2013, dealmakers say.
Yet Bank […] Continue Reading…
China to relax rules on foreign investment under RQFII: XinhuaNews from Reuters:
Rel…………… continues on Reuters
… Read the full article
Investment Trends Analyst expects Mondelez stock to riseNews from Milwaukee Journal Sentinel:
When the current stock market euphoria wears off, investors who own stocks of certain companies will be better off.
Those companies likely will have a strong global dimension, said Jon Beadell, research analyst […] Continue Reading…
Personal Finance: Federal tax refunds running lateNews from Sacramento Bee:
Tax refunds: Who doesn’t want one?
They’ve been in the news quite a bit lately, for reasons both good and not-so-good.
“It’s a pretty messed-up season,” said John Hogg, owner of 10 Jackson Hewitt Tax Services offices in Sacramento and Roseville. “The amount of refunds is far behind last year,” he said.
While the IRS isn’t putting out numbers on how many refunds […] Continue Reading…
Just add items to create a portfolio now:News from MarketWatch:
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More companies are dropping health coverage for spouses. The reason? By denying such coverage, employers not only save the annual premiums, but also the new fees that went […] Continue Reading…
Personal Financial Tips for Military Families During ‘Military Saves Week’News from Huffington Post:
Like everyone else in America, military families often face financial difficulties. Unlike everyone else, however, they face those challenges while navigating the heightened expectations and unique challenges of being a member of the armed services or a military spouse.
For […] Continue Reading…
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