Investment Broker News
- Madoff Trustee Finds $830 Million of Liquid Assets (Update2) Monday, January 5, 2009 @ 5:47PMJan. 5 (Bloomberg) -- The trustee liquidating Bernard Madoff ’s firm found $830 million in liquid assets in the defunct brokerage to meet claims that may exceed any previous case, the president of the Securities Investor Protection Corp . said.
- A guide to mutual fund fees Monday, January 5, 2009 @ 5:33PMIn a tough investing climate mutual fund investors should take note of what investing fees they’re being charged. Costs associated with an individual investor’s transactions and account are listed in a fee table, located near the front of a fund’s prospectus, under the heading “Shareholder Fees.“...
- Take control: Understanding investing fees Monday, January 5, 2009 @ 5:33PMDES MOINES, Iowa (AP)—Dismal market performance in 2008 has many investors thinking about a new investment strategy for the coming year - a key element of which should be to slash investment fees….
- Can New Regulation Stop Another Madoff? Monday, January 5, 2009 @ 5:10PMReform will be a priority with the new Congress. But where to start?
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- (AFX UK Focus) 2009-01-05 22:28 STOCKS NEWS US-Economic indicators for Jan 6 Monday, January 5, 2009 @ 5:00PMStocks on the move Real-time Equity news
- DGAP-News: W.P. Stewart & Co., Ltd. Announces Trading to Cease On the NYSE, Company to Deregister Its Common Shares, ... Monday, January 5, 2009 @ 4:08PMW.P. Stewart & Co., Ltd. / Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement.
- Real estate: Land gifts go to good causes Saturday, January 3, 2009 @ 9:32AMMany people have donated cash to charity, many writing that last-minute check last week to get the income tax deduction on their 2008 return. For those who can afford to part with their profit, broker Terri Moore suggests another way to help their favorite charity: Donate real estate.
- Treasury considering more financial rescues Saturday, January 3, 2009 @ 5:48AMThe Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions.
- Austria takes over bank hit by Madoff case Saturday, January 3, 2009 @ 4:17AMThe Austrian government has taken control of a private bank with significant exposure to the alleged fraud by Bernard Madoff.
- Retirees need to take hard look at investment strategy Saturday, January 3, 2009 @ 1:08AMA board on the floor of the New York Stock Exchange floor shows the Dow Jones Industrial Average down 800 points. (Richard Drew/AP) A great earthquake has rumbled through the financial markets, and no one knows for certain when the aftershocks will subside.
- Madoff Investor’s Suicide Was an ‘Act of Honor,’ Brother Says Saturday, January 3, 2009 @ 12:17AMJan. 3 (Bloomberg) -- Thierry Magon de La Villehuchet’s sense of honor led the descendent of French army officers and an ennobled shipping family to commit suicide after he put his friends and family in a “catastrophic” financial situation by investing with Bernard Madoff, his brother said.
- Industry Takes Toll on MAAR Membership Saturday, January 3, 2009 @ 12:17AMThe housing slump continued to take a toll on the real estate profession as membership in the Memphis Area Association of Realtors (MAAR) reached a th....
- Banks borrow more, investment firms less from Fed Friday, January 2, 2009 @ 8:39PMBanks borrow more, investment firms less from Fed
- U.S. banks borrow slightly more from the Fed Friday, January 2, 2009 @ 5:13PMInvestment houses meanwhile ask for slightly less money this week than in the past
- Treasury to view Citi-style rescues case-by-case Friday, January 2, 2009 @ 5:00PMWASHINGTON (Reuters) - The Treasury on Friday said financial institution rescues and asset guarantees similar to those for Citigroup will be considered on a case-by-case basis, clearing a broad legal pathway for future bailouts.
- U.S. banks borrow slightly more from the Fed Friday, January 2, 2009 @ 4:51PMWASHINGTON — The Federal Reserve says commercial banks borrowed slightly more, while investment firms drew less over the past week from its emergency borrowing program.
- Investors sue Sunwest Friday, January 2, 2009 @ 4:48PMDisgruntled investors are suing Sunwest Management Inc., its founder Jon Harder, their investment broker and various Sunwest executives and related companies for fraud and breach of contract.
- Banks borrow more, investment firms less from Fed Friday, January 2, 2009 @ 4:40PM Associated Press - January 2, 2009 5:23 PM ET WASHINGTON (AP) - The Federal Reserve says commercial banks borrowed slightly more, while investment firms drew less over the past week from its...
- The Knowledge-Experience Continuum: Where Do You Fall? Friday, January 2, 2009 @ 3:00AMIt is only through studying the practicalities of investments that people learn and understand how it really works. Even so, their knowledge and understanding always has its limits, and learning and doing are two very different things.
- Former execs pool skills for LLBH Friday, January 2, 2009 @ 1:51AMAs many investors across the country abandon the equity market, the principals of LLBH Group Private Wealth Management of Westport are drawn to it.
- FTSE seen opening down Friday, January 2, 2009 @ 12:41AMLONDON (Reuters) - The FTSE 100 index is seen opening down as much as 1.3 percent on Wednesday, according to financial bookmakers, after U.S. stocks overnight reversed sharp gains to end the session lower.
- Quest for easy money magnified Oregon real estate collapse Friday, January 2, 2009 @ 12:29AMOverextended investors and scheming opportunists crop up in investigations
- (AFX UK Focus) 2009-01-02 05:50 Hong Kong shares end morning higher as China telcos, oil firms, HSBC gain UPDATE Friday, January 2, 2009 @ 12:14AMHONG KONG (XFN-ASIA) - Share prices finished the morning higher led by China telecoms-related firms, oil producers and banking giant HSBC, with a firmer close of Wall Street Wednesday encouraging investors to step into the market on the first trading day of 2009.
- People on the move Wednesday, December 31, 2008 @ 1:57AMPARKER ADVENTIST HOSPITAL: Recently elected Dr. Jay Rabin owitz medical staff president.
- India Hospitality Corp. Releases Half-Year Fiscal 2009 Results Wednesday, December 31, 2008 @ 1:00AM India Hospitality Corp. today announced that it has released its half-year fiscal 2009 results to the public.
- Billionaire Mark Cuban acquires stake in Carmike Cinemas Wednesday, December 31, 2008 @ 12:23AMNEW YORK -- Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theaters cinema chain, has acquired a 9.4 percent stake in Carmike Cinemas Inc., according to a regulatory filing on Monday.
- Remembering what made 2008 a big year Tuesday, December 30, 2008 @ 6:15PMThe state legislature reconvened in early February and education finance was expected to be a priority topic of debate. Stephen Richards Barker, 52, formerly of Wayzata and now of Maple Grove, former investment broker was sentenced to 42 months in federal prison on four counts of tax evasion.
- Updated 4:50 p.m. Tuesday, December 30, 2008 @ 5:33PMRene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors , was found dead Tuesday in his office in Manhattan.
- Haitian businessman accused of $23 million Ponzi scheme Tuesday, December 30, 2008 @ 4:35PMA Palm Beach County businessman promised to make Haitian-American investors rich - but instead bilked thousands of victims of $23.4 million, the Securities and Exchange Commission said Tuesday.
- Treasuries Advance After Home Prices, Consumer Confidence Drop Tuesday, December 30, 2008 @ 4:25PMDec. 30 (Bloomberg) -- Treasuries rose, pushing yields toward record lows, after reports showed home prices plunged and consumer confidence dropped to the lowest level in 41 years.
- ISEE Sentiment Index hits 52-week high Tuesday, December 30, 2008 @ 3:08PMCHICAGO, Dec 30 (Reuters) - An options gauge tracking market sentiment on the International Securities Exchange, the No. 1 U.S. equity options market, notched a 52-week high on Monday, signaling a positive outlook for U.S. stocks among individual option investors.
- Hard market will arrive next year: Advisen Tuesday, December 30, 2008 @ 3:07PMUnderwriting losses and anemic investment returns are putting pressure on rates, and absent a major catastrophe, insurance buyers should expect to start paying more for their commercial insurance beginning in the fourth quarter of 2009 or first quarter of 2010, according to a report released Tuesday by Advisen Ltd.
- AROUND THE WORLD Monday, December 29, 2008 @ 11:26PM NEW YORK Mavericks owner buys stake in more cinemas Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theaters cinema chain, has acquired a 9.4 percent stake in Carmike Cinemas Inc., according to a regulatory filing on Monday.
- Mark Cuban acquires Carmike stake Monday, December 29, 2008 @ 11:09PM NEW YORK — Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theaters cinema chain, has acquired a 9.4 percent stake in Columbus-based Carmike Cinemas Inc., according to a regulatory filing on Monday.
- Rio Hondo embarks on energy-saving efforts with LoanStar program Monday, December 29, 2008 @ 10:22PMRIO HONDO - In a effort to save money, the city is mulling over using an Edinburg company to convert a number of City Hall fixtures into energy-saving machines.
- Rio Hondo considers loans for energy conservation Monday, December 29, 2008 @ 10:17PMRIO HONDO - In a effort to save money, the city is mulling over using an Edinburg company to convert a number of City Hall f.
- SEC: Cuban acquires stake in Carmike Monday, December 29, 2008 @ 7:48PMNEW YORK • Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theaters cinema chain, has acquired a 9.4 percent stake in Carmike Cinemas Inc., according to a regulatory filing Monday.
- What You Need To Start Stock Trading Saturday, December 27, 2008 @ 6:46PMManaging your investments and buying and selling stocks via the internet is fast and convenient. With a little background information and minimal equipment, investors of every level can enjoy the ease of trading online.
- Brown vows new alliance with Obama Saturday, December 27, 2008 @ 6:08PM Gordon Brown will today use his New Year message to broker a new "coalition for change" with Barack Obama on the economy, the environment and the war on terrorism.
- Treasuries Post Weekly Loss as Auctions Highlight Supply Issue Saturday, December 27, 2008 @ 8:35AMDec. 27 (Bloomberg) -- Treasuries lost for the first week since October after U.S. sales of a record $66 billion of two- and five-year notes focused attention on the nation’s funding requirements amid a deepening recession.
- Palestine in the UK Friday, December 26, 2008 @ 2:04PMAs a follow-up to the Palestine Investment Conference held in Bethlehem in May this year, the British government hosted an investment conference, the London Business Forum on Trade and Investment with Palestine, in London on 15 December.
- Soybeans, Corn Rise to 7-Week Highs as Dry Weather Hurts Crops Friday, December 26, 2008 @ 11:41AMDec. 26 (Bloomberg) -- Soybean and corn prices climbed to the highest in more than seven weeks on speculation that dry, hot weather will increase stress on young plants in Brazil and Argentina, the two biggest exporters of the crops after the U.S.
- Rating the Rating Agencies and Securitization Friday, December 26, 2008 @ 10:02AMStructured finance and securitization have blown up in the Panic of 2008. Those in power have learned nothing about the current economic catastrophe. The U.S. government is still supporting Fannie Mae and Freddie Mac and still trying to resurrect a system that has collapsed before its eyes.
- Early Suspicions About Bernard Madoff Friday, December 26, 2008 @ 9:47AMOn December 12, 2008, the Wall Street Journal headlined: "Top Broker Accused of $50 Billion Fraud. Bernard L. Madoff....was arrested by federal agents (the previous day) after his sons turned him in for running what they said their father called a giant Ponzi scheme."
- Madoff scandal story has Nantucket ties Friday, December 26, 2008 @ 8:33AM Disgraced Wall Street broker Bernard Madoff’s $50 billion Ponzi scheme that has ruined thousands of investors worldwide has come ashore on Nantucket, with several local connections.
- Shelter Bay men look to expand greenhouse operation Friday, December 26, 2008 @ 8:30AMSHELTER BAY - On an old abandoned dump site in Grand Island Township, two Shelter Bay men plan to build a massive $4 million tomato growing enterprise, bringing jobs, fresh produce and new investment to Alger County.
- New York prosecutor drops Madoff auditor probe; defers to U.S. Thursday, December 25, 2008 @ 1:46AMRockland County District Attorney Thomas Zugibe has suspended his investigation of an accountant who audited the books of investor Bernard Madoff, who is accused of operating a $50 billion Ponzi scheme.
- (AFX UK Focus) 2008-12-25 06:25 Taiwan stocks edge lower, dampened by LCDs Thursday, December 25, 2008 @ 12:45AMTAIPEI, Dec 25 (Reuters) - Taiwan stocks fell 0.22 percent on Thursday, as LCD shares such as AU Optronics dropped despite a media report that the government may be taking steps to support the struggling industry.
- Big Apple souring for Lev Leviev Wednesday, December 24, 2008 @ 5:18PMThe downturn on the U.S. real estate market is taking its toll on businessman Lev Leviev and his company, Africa Israel, in New York. The Wall Street Journal has reported that Leviev filed an emergency injunction to wrest control of the Apthorp building, on the Upper West Side in Manhattan, from its current managing partner and 50% owner, Maurice Mann.