Miami Herald |
August 21st, 2008 |
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Q. I borrowed $15,000 from Bank of America and the interest rate of 21 percent comes to $300 per month. I'm not making any headway in paying it down. I'm a senior and I'm having trouble making the payments on time. I need advice.[...]
On May 1, privately-held Cornerstone BioPharma Holdings Inc. said it would merge with Critical Therapeutics Inc. for more than $63 million, creating a new publicly traded company, Cornerstone Therapeutics. The lead banker for Cornerstone was David Price of investment bank Jefferies & Co. He's also leader of the pharmaceutical services[...]
The Street |
August 21st, 2008 |
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Jim De Mare joins a team headed by Goldman Sachs alum Tom Montag, one of Merrill CEO John Thain's key hires.[...]
The acrimonious battle between UBS and Vestra Wealth, the UK wealth management start-up established by former employees of the Swiss bank, has entered a truce after Vestra agreed not to poach more staff from UBS for a year[...]
24/7 Wall St. |
August 21st, 2008 |
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Speculation has begun that the shares in Lehman (LEH) are so cheap that the brokerage might become the target of a hostile takeover. Not likely. Dick Bove of Ladenburg Thalmann has begun a "rumor" that Lehman could be bought by a party with enough capital to hold on to the [...]
Barrons |
August 21st, 2008 |
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Following a beat and raise quarter last night for online software vendor Salesforce's (CRM), the rewards are not what you might expect, the shares down $11.60, or 17.8%, at $53.73. The company's forecast for profit of 34 cents to 35 cents for the current quarter, excluding its cost to acquire [...]
Barrons |
August 21st, 2008 |
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Goldman Sachs analyst Peter Appert this morning offered an upbeat preview of next Wednesday's (8/27) fiscal 4Q for $1.8 billion (market cap) software vendor Solera Holdings (SLH), founded in 2005, went public a year ago May. It's basically the auto insurance claims processing unit that was once a part of [...]
Singapore state investment company Temasek is prepared to invest more in western financial groups in spite of paper losses on stakes in Merrill Lynch and Barclays[...]
Can any one country really regulate the capital markets? The issue has cropped up in the wake of the Washington Post's report about Vitol, the big Swiss energy conglomerate that is a massive player in the energy markets. The CFTC has been looking into the market's ups and downs and now [...]
You would think that sovereign wealth funds have had enough of U.S. financial firms. Some of them have taken a real bath. Recall that Singapore's Temasek invested $5 billion in Merrill Lynch eight months ago--only to see the company stagger and its stock plunge. But guess what? It's still investing. [...]
In the wake of the Jerome Kerviel "rogue trader" scandal at Societe Generale, a lot of banks have stepped up efforts to prevent such a scandal. But companies across the board need to think about whether their systems could accommodate internal rogues. One theme that has bubbled up: orphaned accounts--accounts [...]
24/7 Wall St. |
August 21st, 2008 |
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It looks like we are about to get a new frontier markets investment vehicle for investors to invest in "emerging-emerging markets" or "pre-emerging markets" depending on which you prefer for a reference. The Morgan Stanley Frontier Emerging Markets Fund, Inc. has been filed and will trade under the ticker "FFD" [...]
Seeking Alpha |
August 21st, 2008 |
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Investors should be wary of agricultural stocks, with the recent run up in food prices drawing some parallels with the U.S. house price bubble, Tobias Levkovich, chief U.S. equity strategist at Citigroup says.“We remain skeptical about the agricultural theme and the various investment beneficiaries including seed company, farm machinery producer [...]
Seeking Alpha |
August 21st, 2008 |
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"Massive" back-to-school Mac computers sales for Apple Inc. (AAPL) might not mean much to the market on the surface, but when each 25 basis point increase in market share produces an extra US$1-billion in revenue, things start to come into focus pretty quickly.The strong forecasted sales could drive upside in [...]
AP |
August 21st, 2008 |
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NEW YORK (AP) -- New York Attorney General Andrew Cuomo says he'll file suit against Merrill Lynch & Co. over its role in selling auction-rate securities if the investment bank doesn't reach an agreement with his office by the end of the day.[...]
Seeking Alpha |
August 21st, 2008 |
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A Citigroup analyst is making news today for cutting estimates on the brokerages. The headline from CNN reads, "Citigroup Issues Dour View On Brokerages' Q3; Shares Fall." The firm lowered estimates on Morgan Stanley (MS), Goldman (GS) and Lehman (LEH), and maintained estimates for Merrill (MER). The first thing we do [...]
Are you a recent grad that majored in Economics, Finance, Accounting, or Business Administration/Management and still can't land a job at an investment bank? Have you sent your resume to countless [...]
C++ / MFC superstar front office developer[...]
NY-New York City, Provide support and control to the Equity Derivatives trading desk of a global investment bank. Responsibilities: · P&L reporting on a number of Equity and Convertible Bond strategies · Proactive inve[...]
A top tier boutique investment bank is seeking an experienced institutional equity sales person to direct their sales effort in the southwest.[...]
