Financial Tunes - Asset News

Asset News

Special tax rates for some gains Wednesday, March 10, 2010 @ 5:42AMBecause stock investments aren't guaranteed money makers, tax lawmakers decided to reward the risk-taking. Capital gains receive more favorable tax treatment than regular income, like wages or interest earned on bank accounts.
Munich Re Sticks to Profit Target After Quake, Storm (Update2) Wednesday, March 10, 2010 @ 5:42AMMarch 10 (Bloomberg) -- Munich Re , the world’s biggest reinsurer, reiterated its profit target for 2010 after the Chile earthquake and a winter storm in Europe last month.
Hedge funds struggle to raise Ucits funds Wednesday, March 10, 2010 @ 5:41AMHedge funds are finding it more difficult than traditional asset managers to raise money for new UK funds aimed at increasing liquidity and transparency, despite their stronger performance.
Carrizo Oil & Gas, Inc. Announces Record Production in Fourth Quarter and Annual 2009 Financial Results Wednesday, March 10, 2010 @ 5:41AMHOUSTON, TX--(Marketwire - March 10, 2010) - Carrizo Oil & Gas, Inc. ( NASDAQ : CRZO ) today reported the Company's financial results for the fourth quarter of 2009, which included the following highlights:
Presstek Announces Fourth Quarter 2009 Financial Results Wednesday, March 10, 2010 @ 5:41AMPositive Adjusted EBITDA of $1.1 Million; Improved Year-on-Year Operating Income (Loss); Reduction of Debt Net of Cash of $4.2 Million During the Quarter; Sequential Quarterly Revenue Growth; Continued Positive Adjusted EBITDA Expected for Q1 2010
AOL Chief Targets Web Ad Billions With Sales, Content Hirings Wednesday, March 10, 2010 @ 5:40AMMarch 10 (Bloomberg) -- AOL Inc. said it’s “laser focused” on getting a share of an estimated $20 billion gap in online advertising, as marketers race to catch up with consumers on the Internet.
Siegel Says U.S. Recovery Certain, Euro Region Faces Splinter Wednesday, March 10, 2010 @ 5:40AMMarch 10 (Bloomberg) -- Jeremy Siegel , a finance professor at the University of Pennsylvania’s Wharton School , says the worst is over for the U.S. economy and the Federal Reserve may raise interest rates by year’s end to cool growth.
India Is Seeking Coal Deals in Australia, ANZ Says (Update2) Wednesday, March 10, 2010 @ 5:39AMMarch 10 (Bloomberg) -- Indian companies are stepping up interest to secure coal resources in Indonesia and Australia to meet the power needs of the world’s second-most populous country, Australia & New Zealand Banking Group Ltd. said.
China Eastern to Receive Stake in SIA Cargo Venture (Update1) Wednesday, March 10, 2010 @ 5:38AMChina Eastern Airlines Corp. will receive its parent’s stake in a cargo venture with Singapore Airlines Ltd. this year as part of a plan to consolidate the carrier’s air-freight operations.
Exchange enhances SPD Wednesday, March 10, 2010 @ 5:37AMTideland News Writer Criminals better think twice before committing a crime in Swansboro.
Pricier pipeline to hit drivers Wednesday, March 10, 2010 @ 12:12AMThe cost of Transnets new fuel pipeline linking Durban with Gauteng has risen by R2.7bn, which will push up petrol prices.
Defaults Signal Bursting Muni Junk Bubble on High-Yield Surge Wednesday, March 10, 2010 @ 12:10AMMarch 10 (Bloomberg) -- Investors in search of better returns poured $7.8 billion into high-yield municipal bond funds last year, pushing assets to a two-year high. They may start experiencing losses as early as this year as default risks grow.
Venice says yes to Sharky's plan Wednesday, March 10, 2010 @ 12:10AMBy TERRY O'CONNOR Correspondent Restaurant's expansion appears to be on track after long City Council debate
Bradenton's Horizon Bank has Federal Reserve deadline Wednesday, March 10, 2010 @ 12:09AMBy JOHN HIELSCHER In 45 days, it must find more capital or find a buyer
Indian Stocks are Better Long-Term Bet, Franklin Says (Update1) Wednesday, March 10, 2010 @ 12:07AMIndia offers better long-term returns on stocks than China given the outlook for economic growth and corporate earnings, according to Franklin Templeton Investments.
AIG ‘Money in the Door’ Deals Reap $3.2 Billion for Bondholders Wednesday, March 10, 2010 @ 12:07AMAmerican International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.
Yen Falls to Two-Week Low Against Kiwi on Asia Recovery Signs Wednesday, March 10, 2010 @ 12:03AMThe yen declined to a two-week low against New Zealand’s dollar on speculation Japan’s economic recovery will lag behind the rest of the Asia-Pacific region.
Apollo Said to Triple Property Assets With Citi Unit Purchase Wednesday, March 10, 2010 @ 12:02AMMarch 10 (Bloomberg) -- Apollo Management LP agreed to buy Citigroup Inc.’s real estate investment unit in a move that will more than triple the value of the private-equity firm’s property assets, a person with knowledge of the deal said yesterday.
Coffee Break: IRS vows flexibility for jobless Wednesday, March 10, 2010 @ 12:00AMThe Internal Revenue Service has announced more ways it is helping people who are hard-pressed to pay their taxes because of unemployment or other money problems.The agency will show added flexibility in compromising on tax debts, liens and garnishments; have more Saturday open houses, including March 27, at IRS help centers; have "special outreaches" with states and other partners for jobless ...
Smissen-Coward takes reins of Pico business driver Tuesday, March 9, 2010 @ 11:57PMPICO RIVERA - Melanie Smissen-Coward wasn't looking for a new job.
Citigroup Selling TruPS After Repaying Bailout: Credit Markets Tuesday, March 9, 2010 @ 4:59PMMarch 9 (Bloomberg) -- Citigroup Inc. , seeking to bolster capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.
Colombia’s Proteccion to Invest in Private Equity (Update2) Tuesday, March 9, 2010 @ 4:57PMMarch 9 (Bloomberg) -- Proteccion SA , Colombia’s second- biggest pension fund, plans to invest 2.4 trillion pesos ($1.3 billion) in private equity in the next two years after reaching the government-set limit on stocks.
Pa. Woman Charged With Recruiting Jihadists Tuesday, March 9, 2010 @ 4:56PMFederal Indictment charges have been raised against a Pennsylvania woman for using the Internet to recruit jihadist fighters and help terrorists overseas. Colleen R. LaRose, also known as "Fatima LaRose," and "Jihad Jane," has been charged with conspiracy to provide material support to terrorists, conspiracy to kill in a foreign country, making false statements to a government official and ...
Greek PM urges US to crackdown on speculators Tuesday, March 9, 2010 @ 4:54PMWASHINGTON (AP) — President Barack Obama reacted positively to European ideas about cracking down on currency speculation, Greek Prime Minister George Papandreou (pah-pahn-DRAY'-oh) said following a White House meeting Tuesday.
Shares of bailed out companies surge Tuesday, March 9, 2010 @ 4:52PMShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow.
RoughRiders name Winter assistant coach Tuesday, March 9, 2010 @ 4:49PM“We are very happy to add such an outstanding individual to our coaching staff. He comes very highly recommended within the hockey community,” said RoughRiders CEO Jeff Jauch .
Diverse experience an asset to force Tuesday, March 9, 2010 @ 4:44PMGlen Waverley CIU's new top cop, Sen-Sgt Mark Delahunty, talks to reporter Emma Schmidt about his history, his experiences and where he sees Monash's future.
New York state faces $9.2bn budget black hole Tuesday, March 9, 2010 @ 4:38PMNew York state to examine the amount of taxes paid by Wall Street bankers as it tries to narrow its ballooning $9.2bn budget deficit.
Banks report trading has been normal Tuesday, March 9, 2010 @ 4:37PMThere has been no observable unusual cash deposits or withdrawals at banks in Bangkok and its surrounding provinces in recent days, bankers say.
Fitch Affirms American Equity's Ratings and Removes Watch Negative; Outlook Stable Tuesday, March 9, 2010 @ 4:37PMNEW YORK----Fitch Ratings has affirmed the Issuer Default Rating of American Equity Investment Life Holding Company at 'BB+' and the Insurer Financial Strength ratings at 'BBB+' for its insurance operating subsidiaries, American Equity Investment Life Insurance Company and American Equity Investment Life Insurance Company of New York.
Northgate Reports Record Cash Flow from Operations in 2009 Tuesday, March 9, 2010 @ 9:56AMRecord Gold Production of 362,398 Ounces Achieved Notice: Conference Call and Webcast Today at 10:00 am ET Dial in: +647-427-7450 or 1-888-231-8191 TSX NGX NYSE AMEX NXG
Korn/Ferry International Announces Third Quarter Fiscal 2010... Tuesday, March 9, 2010 @ 9:56AM- Q3 FY'10 diluted earnings per share was $0.11, compared to $0.08 in Q3 FY'09 excluding certain adjustments discussed below. Third quarter fiscal 2010 diluted earnings per share was $0.17 compared to...
The Zweig Total Return Fund, Inc. Discloses Sources of Distribution - Section 19A Notice Tuesday, March 9, 2010 @ 9:54AMNEW YORK, NY--(Marketwire - March 9, 2010) - The Board of Directors of The Zweig Total Return Fund, Inc. ( NYSE : ZTR ) declared a distribution of $0.034 per share to shareholders of record on March 11, 2010, payable March 24, 2010. The Fund has a Managed Distribution Plan to pay 10 percent of the Fund's net asset value ("NAV") on an annualized basis. The Board believes that regular, fixed cash ...
National Bank, EFG May Post Lowest Profit in 5 Years (Update1) Tuesday, March 9, 2010 @ 9:53AMMarch 9 (Bloomberg) -- National Bank of Greece SA and EFG Eurobank Ergasias SA, Greece’s largest banks, may report their lowest quarterly profit in at least five years as loan losses mount during the country’s economic slump.
Public Pension Funds Are Adding Risk to Raise Returns Tuesday, March 9, 2010 @ 9:51AMMARY WILLIAMS WALSH Even as big companies are moving their pension funds out of stocks, state governments are chasing higher returns for their plans by making riskier investments.
Sponsored By: Tuesday, March 9, 2010 @ 9:50AMLEGAL NOTICE The St. Johns River Water Management District (District) gives notice of receipt of the following permit application(s): Standard General and Standard ERP Permit Applications Donald R. Gant, 68 Youngs Road, New Vernon, NJ 07976, application #40-089-19722-33.
Two Cos. Lease 29K SF In Acton Woods Tuesday, March 9, 2010 @ 9:48AMSecured Realty and Capital Group Properties leased 29,158 square feet at Acton Woods at 100 Discovery Way in Acton.
U.S. Stocks Fluctuate on Anniversary of 2009 Bear-Market Low Tuesday, March 9, 2010 @ 9:46AMMarch 9 (Bloomberg) -- U.S. stocks fluctuated on the anniversary of the 2009 bear-market low for the Standard & Poor’s 500 Index as financial companies and materials producers retreated, while phone companies and industrial shares rose.
Pipe Brigade: Giving back through tradition Tuesday, March 9, 2010 @ 12:39AMAlthough Rexburg firefighters are a long way from Scotland and Ireland, they are working to keep the tradition of a pipe band associated with fire department service alive.
General Growth Gets Offer of $3.93B Investment Tuesday, March 9, 2010 @ 12:35AMTwo major investors in General Growth Properties are joining Brookfield Asset Management in offering to inject a combined $6.5 billion in fresh funds into the shopping mall operator to help it emerge ...
Vortex® Valves International Opens Office In Switzerland Tuesday, March 9, 2010 @ 12:35AMVortex® Valves International is pleased to announce the appointment of Oliver Küng as the new Sales Manager of Vortex Valves GmbH.
Solid Drilling Results at Glacier Leads to Record Reserve... Tuesday, March 9, 2010 @ 12:35AMHighlights - Replaced 698% of 2009 annual production at an all-in FD&A cost of $10.14/boe. - Capital development program added 95.9 mmboe at a F&D cost of $9.82/boe. - Current production ...
Japanese Stocks Drop After Two-Day Rally; Jtekt Falls on Rating Tuesday, March 9, 2010 @ 12:34AMMarch 9 (Bloomberg) -- Japanese stocks fell, as the Topix index’s biggest two-day climb in three months prompted some investors to take advantage of the gains to sell.
Park Meadows owner ends bankruptcy with deal Tuesday, March 9, 2010 @ 12:33AMA real estate investment firm has agreed to put up the money needed to end the bankruptcy protection process for Park Meadows mall’s parent company.
Taiwan May Order China-Style Reserve Ratio Rise to Curb Lending Tuesday, March 9, 2010 @ 12:32AMMarch 9 (Bloomberg) -- Taiwan’s central bank may follow China and order domestic lenders to set aside more deposits as reserves to curb loan growth and cool surging property and stock prices, according to Citigroup Inc. and Standard Chartered Plc.
(AFX UK Focus) 2010-03-09 06:05 French and Benelux stocks - Factors to watch on March 9 Tuesday, March 9, 2010 @ 12:28AMPARIS, March 9 (Reuters) - Below are company-related news and leading stories from French and Benelux newspapers which could have an impact on the region's markets or individual stocks.
U.S. stocks mixed after choppy session Monday, March 8, 2010 @ 8:37PMU.S. stocks closed mixed after fluctuating in narrow range on Monday, as investors digested both upbeat corporate news and a fall in healthcare sector. Tech-heavy Nasdaq managed to stay in positive area, after Research in Motion was upgraded as analysts expect the Blackberry maker to report strong quarterly results and a robust outlook. RIM shares gained 5.58 percent to dollars. U.S. stocks ...
OSI Bid Likely to Rise as Astellas Seeks Cancer Sales (Update1) Monday, March 8, 2010 @ 8:36PMMarch 9 (Bloomberg) -- OSI Pharmaceuticals Inc .’s status as one of the few U.S. biotechnology companies with income from an approved cancer drug likely will drive up the price Tokyo-based Astellas Pharma Inc.
China Banks to Rise as Government Spurs Spending, JPMorgan Says Monday, March 8, 2010 @ 8:36PMMarch 9 (Bloomberg) -- Chinese banks, insurers and airlines will rally as the government encourages individuals to spend more and save less, moving the nation toward a consumer-driven economy, JPMorgan Chase & Co. said.
Manganese Ore to Join India’s Steel-Dominated Asset Sell-Off Monday, March 8, 2010 @ 8:36PMMarch 9 (Bloomberg) -- India plans to sell about 10 percent of Manganese Ore (India) Ltd. , the nation’s largest producer, as steel-related companies drive the government’s record sale of state assets.