Investment Service News
Investment Services news continually updated from thousands of sources around the net.
7 hrs ago | Reuters
U.S. Agriculture Secretary Thomas Vilsack met with Warren Buffett last week to urge the billionaire investor to make sure his BNSF railroad is ready for an expected record corn and soy harvest this year. Vilsack said on Tuesday that Buffett, who heads the sprawling conglomerate Berkshire Hathaway, recognized the challenge and indicated his company was taking steps.
11 hrs ago | National Mortgage News
Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. are among 13 banks whose units were sued for $1.15 billion by the state of Virginia, over claims they misled its retirement system about the sale of residential mortgage-backed securities. The suit in state court in Richmond is the largest financial fraud case ever brought by the commonwealth, Virginia Attorney General Mark Herring said in a statement today.
11 hrs ago | News Max
Rising volatility in U.S. interest rates is seen in coming months as traders expect the Federal Reserve to move away from its near-zero interest rate policy held for the past six years. Several measures of interest rate volatility have climbed from historic lows reached in recent weeks to levels not seen since mid-summer with various indicators such as Merrill Lynch's benchmark for bond market volatility pointing to choppier days ahead for U.S. interest rates and bond yields.
11 hrs ago | Forbes.com
I have been deeply and happily immersed in marketing strategy, consumer research, advertising and integrated consumer communications for nearly two decades. Despite the potential fame and veneration of alternate career paths, working for and with companies like Kellogg's, Kraft, Quaker, Clorox, Miller Brewing, Pillsbury, Genentech, Pioneer Electronics and The Four Seasons Hotel and Resorts, has proved intellectually challenging and richly rewarding.
13 hrs ago | Reuters
Nineteen trading firms and one trader will pay $9 million to collectively settle civil charges alleging they participated in a stock offering after shorting the stock during a restricted period, U.S. regulators said Tuesday. The Securities and Exchange Commission said the settlements mark the latest actions in an effort to crack down on hedge funds and private equity funds that violate a securities rule designed to prevent potential manipulation.
13 hrs ago | Business Journal
A Boston investment firm paid $15.4 million Tuesday for the Gale Lofts apartment complex at the edge of Nashville's trendy 12South neighborhood.
17 hrs ago | Business Journal
Analysts seeking more time for stock research are leaving big investment banks for smaller ones, and Stifel Financial Corp, is a beneficiary, The Wall Street Journal reported.
18 hrs ago | CultureMap
The 411: Texas guys and their guns - they go together like Rory McIlroy and a fairway wood. This would explain why yet another charity has joined the sporting clays fundraising mechanism, a sure-fire draw for the gents and their Remingtons and Purdeys .
19 hrs ago | Business Journal
Privia Chairman and CEO Jeff Butler and President Dave Rothenberg, seen here in 2012, will continue to lead the company after it received a $400 million infusion to expand nationally. Arlington-based Privia Health LLC is getting a $400 million infusion to expand nationally, the company announced Tuesday morning.
22 hrs ago | Reuters
BlackRock Inc and other investment firms are not so sure that a revival of initial public offerings in Brazil will fly. Speculation that President Dilma Rousseff could lose an October election to a more market-friendly challenger has boosted Brazilian stocks and reignited interest in an IPO market that has been dormant this year.
HomeServices of America, a Berkshire Hathaway affiliate, has announced the appointment of Steven John as president and CEO HomeServices Relocation, effective September 16, 2014. Mary Lee Blaylock, current president and CEO of HomeServices Relocation has been named senior vice president and general manager of Berkshire Hathaway HomeServices California Properties, effective October 1st.
The California Public Employees' Retirement System announced Monday it is cutting its investments in hedge funds to eliminate complexity and costs. The move by the Sacramento-based pension fund will move $4 billion out of 24 hedge funds and six fund-of-fund investments - collectively known as alternative return strategies program, or ARS.
The $4.7 billion company is exploring options for splitting in two, including selling or spinning off its electronics business, people familiar with the matter said last week. For potential buyers interested in Visteon, a breakup may be preferable because it would let them bid directly on the faster- growing electronics division without having to take on its climate-control venture, said UBS AG.
As we all know, Apple last week announced two new iPhones, a payment service , and a line of Apple Watches that require iPhones to work. There's not much I can say about these products that you can't read somewhere else.
In an article published today, the Wall Street Journal chimed in on the ongoing dispute between the City of Missoula and the Carlyle Group over ownership of Mountain Water.
"Charlie and I favour repurchases when a its stock is selling at a material discount to the company's intrinsic business value," Berkshire Hathaway boss Warren Buffett says. "Charlie and I favour repurchases when a its stock is selling at a material discount to the company's intrinsic business value."
Hedge funds reduced bullish wagers on natural gas to the lowest level in more than nine months as U.S. shale production surges to an all-time high. Speculators lowered their net-long position across four benchmark contracts by 12 percent in the week ended Sept.
Updated: Tue Sep 16, 2014 07:56 pm
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