Investment News

What economists expect from a Tory majority

20:57:57 | 03/05/2011 - Source: The Globe and Mail

Monday's election results redrew the Canadian political landscape, handing Stephen Harper's Conservatives a majority government with the New Democrats becoming the official opposition for the first time in the country's history.

BNP Boosts NY Equities Sales Team

16:48:24 | 03/05/2011 - Source: Institutional Investor News

Sebastian Boulan , previously working Morgan Stanley , is joining as head of event driven sales, while Joe Abbatiello , who previously worked for BGC Partners , will join the event driven sales team as a director.

ESCO Corp. files for $175M IPO

12:38:41 | 03/05/2011 - Source: American City Business Journals

ESCO Corp., long one of Portland's biggest manufacturing companies, on Monday said it intends to go public through a $175 million initial public offering.

Inland residents directly touched by 9/11 reflect

08:24:07 | 03/05/2011 - Source: The Press-Enterprise

A barrage of text messages flooded Derek Difani's cellphone when news of Osama bin Laden's death hit the airwaves late Sunday, but one from his father stood out: "Your would-be assassin was taken care of." The announcement struck a chord with Difani, of Menifee, who dodged death in the Sept.

Downgrade takes a bite out of grocer

08:24:06 | 03/05/2011 - Source: Boston Globe

Although analyst Scott Mushkin downgraded Whole Foods, he did call the company "one of the best retailers in North America.'' The largest natural foods grocer was downgraded to "hold'' from "buy'' by a Jefferies Group analyst, Scott A. Mushkin, who said rising prices for gasoline may reduce sales and customer growth.

Morgan Stanley loses six advisers to competitors

07:24:15 | 03/05/2011 - Source: WNWN-FM Battle Creek

Morgan Stanley Smith Barney has lost six advisers overseeing more than $1 billion of client assets to competitors.

Death of bin Laden spurs reflection, celebration from money managers

03:04:39 | 03/05/2011 - Source: Pensions & Investments

A trader works while Hilary Clinton, U.S. secretary of state, speaks about the death of Osama bin Laden on a monitor from the floor of the New York Stock Exchange in New York, U.S., on Monday, May 2, 2011.

Bin Laden Death 'Moral Victory' for 9/11 Widow

23:59:59 | 02/05/2011 - Source: Patch.com

Mostly cloudy with a 40 percent chance of showers. Patchy fog after midnight. Lows in the mid 50s.

Airline Travelers Not Scared To Fly After Bin Laden's Death

23:00:10 | 02/05/2011 - Source: WGNO-TV New Orleans

The U.S. Department of Homeland Security expects "threats of retaliation" from Al Qaeda in the aftermath of Osama bin Laden's death.

In the Markets: 2 CEOs find relief in Bin Laden's death

22:00:17 | 02/05/2011 - Source: New York Business.com

A day after Osama bin Laden's death, the chief executives of two Wall Street firms devastated by the 9/11 attack stepped forward to remember the people who died that day and thank the government for finally killing the terrorist.

Hedge Funds: Stock market is like Charlie Sheen: Einhorn

17:55:37 | 02/05/2011 - Source: Market Watch

David Einhorn, head of hedge fund firm Greenlight Capital, closed more than a dozen short positions recently because rising stock markets have made it more difficult to hedge and bet against companies.

Lehman Seeks $500 Million From Barclays in Bonus Dispute

16:50:45 | 02/05/2011 - Source: Bloomberg

Lehman Brothers Holdings Inc. is claiming $500 million from Barclays Plc for allegedly failing to pay all of the bonuses the U.K. bank agreed to when it bought the defunct investment firm's North American business.

Cerberus, TPG Likely to Bid on Innkeepers' Assets

12:36:02 | 02/05/2011 - Source: RealEstateJournal

COMMERCIAL REAL ESTATE MAY 2, 2011 Private-equity firms Cerberus Capital Management and TPG and are among those expected to bid on hotels owned by Innkeepers USA Trust in a bankruptcy auction Monday, said people familiar with the matter.

Dollar Rebound Delayed to a 12 as Fed Meets Slower Growth

08:26:31 | 02/05/2011 - Source: BusinessWeek

Slowing U.S. growth and the widening interest-rate gap between America and the rest of the world may mean no rebound this year for the dollar, the world's worst- performing major currency in the past three months.

Gen-Probe Poised to Gain 33% in Merger as Profits Prove Superior: Real M&A

04:12:00 | 02/05/2011 - Source: Bloomberg

Gen-Probe Inc. , the tester of sexually transmitted diseases that jumped 18 percent on speculation it will be sold, may still be worth $1.3 billion more in a takeover by Novartis AG or Life Technologies Corp.