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Investment Service News

Investment Services news continually updated from thousands of sources around the net.

7 hrs ago | Reuters

USDA chief says urged Buffett to ready BNSF for record crops

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.

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Related Topix: Agriculture, Science, US News, United States Department of Agriculture, Tom Vilsack, Warren Buffett, Construction, Berkshire Hathaway, Empire Group

11 hrs ago | National Mortgage News

Virginia Sues 13 Banks for $1.15B Alleging RMBS Fraud

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.

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Related Topix: Banking, Financial Services, Citigroup, Goldman Sachs, Stanley, Investment Banking, Morgan Stanley European Fund, Morgan Stanley

11 hrs ago | News Max

Bond Traders See More Turbulence Ahead for US Interest Rates

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.

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Related Topix: Financial Markets, Financial Services, Merrill Lynch and Co

11 hrs ago | Forbes.com

Malls of America: Death Rumors Greatly Exaggerated

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.

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Related Topix: Marketing, Construction, Berkshire Hathaway, The Colony, TX

13 hrs ago | Reuters

UPDATE 1-U.S. SEC imposes $9 million in sanctions for short-sale violations

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.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, BlackRock

13 hrs ago | Business Journal

Boston buyers snag apartments near trendy 12South neighborhood

A Boston investment firm paid $15.4 million Tuesday for the Gale Lofts apartment complex at the edge of Nashville's trendy 12South neighborhood.

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Related Topix: Eaton Vance, Financial Services

17 hrs ago | Business Journal

Analyst seeking research time leaves big bank for Stifel

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.

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Related Topix: Financial Services, Stifel Financial, Stanley

18 hrs ago | CultureMap

Backpack Buddy kids program gets a shot in the arm from gun-toting...

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 .

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Related Topix: Family, Kids, Texas, Sanders Morris Harris Group, Financial Services

19 hrs ago | Business Journal

Arlington's Privia Health lands $400M to begin national expansion

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.

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Related Topix: Goldman Sachs, Financial Services, Cohen Group, Consulting, Venture Capital, Emerging Technology, Philadelphia, NY

22 hrs ago | Reuters

Blackrock, investment funds wary of revival in Brazil IPOs

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.

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Related Topix: South America, World News, Brazil, Travel, Brazil Travel, Uruguay Travel, South America Travel, Brazil, Uruguay Travel, Financial Services, BlackRock, Dilma Rousseff, Financial Markets

Yesterday | Wall Street Journal

Opinion: Nevada Gets Musked

Charles Munger, vice chairman of Berkshire Hathaway, the other day described Silicon Valley billionaire Elon Musk as a "genius." Maybe he was alluding to the Tesla CEO's cunning ploy to mine subsidies from Nevada taxpayers.

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Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Insurance, Empire Group, Opinion

Mon Sep 15, 2014

Natl. Relocation & Real Estate

HomeServices of America Announces New Leadership for HomeServices Relocation

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.

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Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Insurance, Empire Group, Winston-Salem, NC, Salem, NC

Business Journal

CalPERS says goodbye to hedge-fund cost, complexity

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.

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Related Topix: Financial Services, California Public Employees Retirement System, Personal Finance, Retirement, Pension

The Washington Post

Visteon Breakup Opens Door for Electronics Unit Deal: Real M&A

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.

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Related Topix: Manufacturing, Automakers, Visteon, Investment Banking, UBS Financial Services, UBS Investment Bank, Financial Services, Gabelli Asset Management, Electronics, Harman International Ind, Rye, NY

BetaNews

Apple proves that moats are for dummies

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.

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Related Topix: Apple, Startups, Construction, Berkshire Hathaway, Warren Buffett

The Missoula Independent Online

National coverage of, and context for, the Mountain Water fight

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.

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Related Topix: Missoula, MT, Carlyle Group, Financial Services

Globe and Mail

Why share buybacks should be banned

"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."

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Related Topix: Business Wire, Construction, Berkshire Hathaway , Startups, Berkshire Hathaway, Insurance, Empire Group, Warren Buffett

The Washington Post

Speculators Cut Gas Bets to 9-Month Low on Supply Growth: Energy

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.

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Related Topix: Goldman Sachs, Financial Services, Stamford, CT, Business News

RedOrbit

Internet-Based "A La Carte" TV Service Coming...

Verizon has announced plans to unveil a new Internet-based television service that will allow users to subscribe to and pay for only the channels they want to watch, various media outlets are reporting. Speaking at the Goldman Sachs investor conference on Thursday, Chief Executive Lowell McAdam said the new service is expected to premiere sometime next year and would eliminate the need for customers to pay for channels they never watch, the UPI news agency reported over the weekend.

Comment?

Related Topix: Verizon Communications, Telecom, Verizon, IT Services, Goldman Sachs, Financial Services, Cohen Group, Consulting, Marketing

Sun Sep 14, 2014

AmericanBankingNews.com

Investment Analysts' Weekly Ratings Changes for Francesca's Holdings Corp

Several investment firms have updated their stock ratings and price targets on shares of Francesca's Holdings Corp in the last week: Francesca's Holdings Corp had its "buy" rating reaffirmed by analysts at Jefferies Group. They now have a $19.00 price target on the stock, down previously from $21.00.

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Related Topix: Investment Banking, Financial Services, Jefferies Group

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