Friday, January 2, 2009

Latest Investment news

Latest train fare rises attacked
BBC News - UK
Train firms say more money will allow greater investment in services. Michael Roberts, of the Association of Train Operating Companies, said Monday's ...
Hong Kong shares close up 4.55 pct on first trading day of 2009 ...
Forbes - NY,USA
'Some portfolio-rebalancing activity by investment funds could push the major index' higher, he said. 'But it remains to be proved that the index can hold ...

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Money Funds Set Record
Wall Street Journal - USA
WASHINGTON -- Money-market funds posted inflows of about $23.4 billion in the latest week, helping push the funds' total assets to a fresh record, ...

Year-End Timeline - 3rd Quarter
Wall Street Journal - USA
5 WCI files for bankruptcy protection, dealing a blow to Carl Icahn, who lost about $120 million on hisinvestment. 6 The Dow industrials surge 331.62, ...
Jury is out on ONGC’s latest buy
Economic Times - Gurgaon,Haryana,India
In fact, there is a school of thought that argues today’s low oil prices will hit investment in the oil sector adversely, laying the ground for a sharp ...

At Citigroup, Bonuses Are Cut As Part of Bailout Agreement
Wall Street Journal - USA
By DAVID ENRICH Citigroup Inc.'s chief executive and chairman agreed to take no bonuses for 2008, the latest sign that regulators are keeping the New York ...

Bank of America, Wells Fargo End Year by Closing Major Buyout Deals
Money Morning - USA
The deal ends more than 94 years of independence for Merrill, but very likely saved the investmentbank from a fate similar to Lehman in a year in which ...

B of A, Wells close mergers as banking transforms
Reuters - USA
... latest purchase may pose his greatest challenge yet. He must stem defections from Merrill's "thundering herd" of 17000 brokers and its investment bank, ...

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