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Saturday, March 7, 2009

Latest Investment News

CLSA Asia-Pacific Markets Lays Off Around 90 Employees
Wall Street Journal - USA
By AMY OR and NISHA GOPALAN HONG KONG -- CLSA Asia-Pacific Markets has laid off about 6% of its employees world-wide, becoming the latest investment bank in ...
Chief investment officer for pension fund resigns
San Diego Union Tribune - San Diego,CA,USA
The latest hedge fund debacle erupted last week when two principals with Connecticut-based WG Trading were arrested on suspicion of fraud. ...

ETFs bust the mutual fund manager myth
InvestmentNews - New York,NY,USA
How have ETFs gone from virtually non-existent to challenging mutual funds as the investment tool of choice in less than 20 years? ...

CtW Investment Group calls on BofA to remove Lewis
Bizjournals.com - Charlotte,NC,USA
The bank has $15.25 billion in deposits with 158 offices in Tampa Bay, and its 20 percent market share ranks No. 1 in the region, according to the latest ...

BEFORE THE BELL Nonfarm payrolls, Wells Fargo, Coca-Cola in the ...
MarketWatch - USA
By Simon Kennedy, MarketWatch Stock futures recovered their losses to trade broadly flat Friday after the latest Labor Department report showed nonfarm ...

Florida HMO income drops, Aetna 2008 Tampa Bay market leader
Bizjournals.com - Charlotte,NC,USA
The latest report shows Medicare HMOs in Florida have been especially profitable, reporting $344.6 million before taxes or investment income from their ...

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Mariner raises 'gate' on distressed debt fund
MarketWatch - USA
More than 75 hedge fund firms, including giants like Farallon Capital Management, DE Shaw and Fortress Investment Group, have already tried to hold back ...

With Trading Gaffe, BofA's Lewis Contends With New Black Eye
CNNMoney.com - USA
The disclosure is the latest black eye for Lewis since he agreed to buy Merrill Lynch as the credit crisis flared last year. The agreement rescued the ...

Obama Astounded By Latest Jobs Data
NPR - USA
Hugh Johnson, the chairman and chief investment adviser of investment firm Johnson Illington Advisors, said Friday that leading indicators point to more job ...
Cemex Said to Delay $500 Million Bond Sale After Rout
Bloomberg - USA
“There was a window; they just didn’t move fast enough,” said Carlos Legaspy, president of San Diego-based Precise Investment Management and owner of about ...

Equities outlook shifts as bear market deepens
Reuters - USA
SPX traded at 10.9 as of Thursday, below a historical price-to-earnings range of 12 to 15, according to the latest Thomson Reuters report. ...

Boeing's Wichita Engineers Decide Against a Strike
FOXBusiness - USA
s Wichita, Kan., facility rejected the company's latest labor contract, but decided not to strike because of the fledgling economy. ...




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