Industry News ยป financialsurfer.com

CMOs for Retirees?

March 10th, 2010 | Category: Industry News
By MATTHIAS RIEKER J.P. Morgan Income Builder Fund isn’t your grandfather’s retirement fund. In addition to the stock-and-bond mix usually seen in mutual funds geared to investors nearing retirement, Income Builder Fund (ticker symbol JNBAX) invests in collateralized mortgage obligations, real-estate investment trusts, convertible bonds, emerging-market equities and ...Read More
Ten years ago, investors knew that technology would change the world, and they were right. But you can be 100% right about the future and end up with zero to show for it if you overpay in the first place. On March 10, 2000, the Nasdaq Composite index ...Read More
By TIMOTHY W. MARTIN Erin Libranda Coupon clipper Erin Libranda of Katy, Texas, after she saved more than $1,000 on a midnight shopping trip to two supermarkets. Under a futon in her Charleston, S.C., apartment, Stacy Smith has stashed boxes of soy bars, bags of potato chips, bottles ...Read More
Helix Energy Solutions is engaging financial advisors to assist the company in evaluating the strategic alternatives available for a complete divestment of its oil and gas business.On the news, shares of Helix are up over 6.3%. Article Controls forbes:http://www.forbes.com/2010/03/08/gainers-helix-cell-markets-equities-xyratex-marketnewsvideo.html?partner=yahoobuzz Cell Therapeutics ( CTIC - news - people ) ...Read More

Home-Saving Moves Afoot

March 8th, 2010 | Category: Industry News
By JAMES R. HAGERTY Pressure is growing on U.S. banks to ease terms for distressed homeowners on home-equity loans and other second-lien mortgages. Rep. Barney Frank, chairman of the House Financial Services Committee, last week sent a letter to the four biggest U.S. banks demanding “immediate steps to ...Read More
By JONNELLE MARTE Even last week’s modestly upbeat jobs report hasn’t altered the harsh truth facing millions of Americans: It’s still ugly out there. While Congress is trying to entice companies to start hiring again, many businesses have become used to working with leaner staffs. Some continue to ...Read More
ATHENS - Debt-burdened Greece launched a critical bond issue on Thursday and urged Germany and other E.U. partners to send a clear signal of confidence in Athens to financial markets that would allow it to borrow more cheaply.A day after announcing draconian new austerity measures, the government went ...Read More
Joy Global isn’t letting a rocky quarter darken its upbeat outlook for 2010. The maker of mining equipment said net profit dropped 11% to $76.2 million, or 73 cents per share, in the first quarter of the fiscal year, down from $85.7 million, or 83 cents per share, ...Read More
Public Storage Beats View With FFO Self-storage REIT Public Storage ( PSA - news - people ) said Saturday that its fourth-quarter funds from operations (FFO) fell 14% from last year, but results still beat analyst expectations. Article Controls forbes:http://www.forbes.com/2010/03/01/dividend-yield-lowes-markets-schlumberger-oilfield-services.html?partner=yahoobuzz The Glendale, Calif.-based company reported fourth-quarter FFO of ...Read More
By LESLIE SCISM If you haven’t already, you are likely to hear the pitch soon: Whole-life insurance—the fuddy-duddy stuff your grandparents owned—was a shining star during the financial crisis. Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and others have been playing off the disappointing performance ...Read More