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Oil price fixing probe draws attention to energy firms’ trading desks
LONDON -- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest ...
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Trumps a liar jury told
CHICAGO An attorney for an 87-year-old grandmother who accuses Donald Trump of cheating her in a condo deal has told jurors the "Apprentice" star lied on the witness stand. The accusation came as closing arguments began Wednesday in the week-old trial in Chicago. Plaintiff attorney Shelly Kulwin told jurors Trump stepped on the stand before them "to lie, evade and spout ...
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Scammers Steal Gas Station
Customers of the SuperAmerica gas station in Waconia, Minn., about 35 miles southwest of Minneapolis, were in for a treat to see discounted gas prices and tobacco products sold at half off over the weekend, not realizing that the new station owner was an alleged fraudster who paid for the station with a fake check. The previous owner, Husein Sarameh, 51, said he sold the station in early April ...
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Boom Town Baby African stock markets see gains
Aly-Khan Satchu, a Kenya-based financial manager, says there is a growing sentiment among investors: If you're not investing in Africa, you should be.Or as Satchu is prone to say on Twitter: "ITS BOOM TOWN BABY."Several African stock markets are seeing huge returns this year. Ghana is up 50 percent. Kenya and Nigeria are up 35 percent.Satchu said that global investors used to put ...
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Lloyds to sell further 15 percent St. Jamess Place stake
to boost its capital by about 500 million pounds under incoming capital rules.After placing a 20 percent stake in St James's Place in March, Lloyds had agreed not to sell any more shares in the wealth manager for a year, but said that lock-up had been waived and it would sell a further 77 million shares.That would still leave it with a 21 percent stake in St. James's, whose shares ...
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Bernanke testimony boosts European stocks
LONDON (AFP) - Europe's main stocks shot higher Wednesday after US Federal Reserve chief Ben Bernanke indicated that the end was not near to its easy money policies.London's FTSE 100 index of leading shares added 0.53 percent to 6,840.27 points to stand at a 13-year high, while in Frankfurt the DAX 30 index set a fresh record high, climbing 0.69 percent to 8,530.89 points.In Paris the ...
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Corero appoints high tech executive to lead worldwide sales
HUDSON, MA, May 21, 2013 – Corero Network Security, the First Line of Defense for enterprises globally against Distributed Denial of Service (DDoS) attacks and ...
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Moss Barnett to relocate to Fifth Street Towers
Minneapolis law firm, has signed a long-term lease in Fifth Street Towers. About 160 employees will move from Wells Fargo Center in downtown Minneapolis to the new digs at 150 S. Fifth St. T The new lease begins August 2014, although more-detailed terms were not released. Fifth Street Towers was sold for $111 million last year to a joint venture formed by Zeller Realty Group of Chicago and ...
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Germans French eye plan to create jobs for young
Germany's labor minister, Ursula von der Leyen, said Wednesday that she and her French counterpart will meet in Paris next week along with the countries' finance ministers and European industry representatives to discuss the initiative. On July 3, Chancellor Angela Merkel plans to host a meeting of the 27 European Union nations' labor ministers and national labor agency heads in ...
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Judge Hollister Abercrombie clothing unfriendly to disabled
A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are unfriendly to the disabled.The lawsuit was filed on behalf of several Colorado customers who said they had trouble getting into the retailers and that the sales countertops are ...
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Energy Stocks Energy stocks inch up Pioneer WPX top gainers
SAN FRANCISCO (MarketWatch) -- Energy stocks edged higher on Wednesday, losing some steam alongside the broader U.S. equity market as Federal Reserve Chairman Ben Bernanke said Fed bond-buying could taper ...
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Stocks surge as Bernanke retains dovish tone
LONDON - Federal Reserve Chairman Ben Bernanke's signal that monetary policy will remain loose gave stocks another lift Wednesday, paving the way for many indexes to advance to new record highs.Following a run of upbeat U.S. economic news, largely related to housing and jobs, there had been talk in the markets that the Fed may soon put a brake on its super-easy monetary policy, which has ...
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Morrisons shares slide as investment manager sells out
a major shareholder had dumped its stake in the Bradford-based supermarket chain.Walter Scott, a fund management group run by a former nuclear physicist, sold about 100m shares, equivalent to just over 4% of Morrisons' stock, for a total 280m, a slight discount to Wednesday's closing share price of 283p - down 2.5%. The Edinburgh-based investment manager is the second major shareholder ...
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Derivatives trader Trading can take over your life – but only if you let it | Joris Luyendijk
He describes himself as "a third-world migrant in his early 20s from near the equator". He worked as a derivatives trader in a small European country and now trades for a big institution in London after completing a quantitative degree in continental ...
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Nationwide results scarred by commercial property
Nationwide is entitled to a boast or two. The building society had a decent crisis, maintaining capital strength and even helping up to mop up a few spillages elsewhere, such as the over-extended Dunfermline Building Society.But chief executive Graham Beale should be careful not to overdo the hyperbole. A casual reader of ...
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Royal Mail workers balloted on privatisation plans
The results from the ballot, which also asks whether Royal Mail workers would support a boycott of competitors' mail, are due on 19 June. Photograph: Christopher Thomond for the ...
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FTSE 100 moves closer to all time high after Bernanke comments
Leading shares climbed ever closer to their all time high on hopes that the central bank money taps would not be turned off any time soon, but ended the day off their best levels.Investors have been piling into equities on the basis that low interest rates and quantitative easing to boost the global economy would continue to support the markets. But recently there had been suggestions that the ...
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UK energy companies profits customers and price hikes
SSE fuels consumer anger as retail profits rise 30% to 410m Scottish and Southern Energy posts results under the heading Earning the Right to Make a ...
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Forbes Earnings Preview Foot Locker
reports its first quarter earnings on Friday, May 24, 2013. The consensus estimate is 87 cents per share, up 4.8% from a year ago when Foot reported earnings of 83 cents per share. The consensus estimate has declined from 91 cents over the past three months. For the fiscal year, analysts are projecting earnings of $2.82 per share. Revenue is projected to eclipse the year-earlier total of $1.58 ...
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Forbes Earnings Preview Sears Holdings
reports its first quarter earnings on Thursday, May 23, 2013. Analysts are expecting a loss of $3 per share for the fiscal year. Analysts project revenue to fall 9.7% year-over-year to $8.37 billion for the quarter, after being $9.27 billion a year ago. For the year, revenue is projected to roll in at $36.45 billion. A year-over-year revenue increase in the fourth quarter of the last fiscal ...
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Forbes Earnings Preview Abercrombie Fitch
when the company releases its first quarter numbers on Friday, May 24, 2013. They are expecting the company to take a loss of 5 cents a share after Abercrombie & Fitch booked a profit of 3 cents a year ago. Over the past three months, the consensus estimate has sagged from 14 cents. For the fiscal year, analysts are expecting earnings of $3.50 per share. Revenue is expected to be $941.7 ...
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Forbes Earnings Preview Patterson Companies
reports its fourth quarter earnings on Thursday, May 23, 2013. Analysts are expecting Patterson to report earnings of 62 cents per share, up 6.9% from a year ago when it reported earnings of 58 cents per share. The consensus estimate has decreased from 63 cents over the past month. For the fiscal year, analysts are projecting earnings of $2.03 per share. Revenue is expected to be $969.4 ...
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Forbes Earnings Preview Ship Finance International Limited
announcement of its first quarter earnings on Thursday, May 23, 2013, analysts have become more bullish as expectations have improved over the past month from 28 cents per share to the current projection of earnings of 30 cents per share. Current Wall Street estimates reflect a 33.3% decline from the year-ago quarter, when the company reported earnings of 45 cents per share. The consensus ...
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Bernankes Figure Eight on Ending QE
If it sounds like Federal Reserve Chairman Ben Bernanke is dancing in his testimony, it's because he is doing rhetorical figure eights in trying to signal where the Fed is going. Here are the cones he is attempting to skate ...
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Homes Selling at Fastest Pace Since Boom
Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March, and down from the normal pace of 90-120 days, according to the National Association of Realtors. "I have a seller, his house came on, he got a full price offer, and he refused to ...
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Pisani Traders Overreact to Bernanke
Federal Reserve Chairman Ben Bernanke's comments. Mr. Bernanke, in his Q and A, essentially reiterated what New York Fed President William Dudley said yesterday: that any change in the flow of bond purchases will depend on the incoming data. A question about whether the Fed might reduce bond purchases before Labor Day elicited the same reply: the Fed could reduce bond purchases in the next ...
Atlanta in the Spotlight
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Stand fast Atlanta, but dont be selfish
Atlanta is the capital of Georgia, therefore it is the leader of the state, and the actions and decisions of city leaders will influence the stability, or lack thereof, of the state. It is a substantial responsibility and one that should not be taken lightly. Atlanta must weather the current recession in a manner helpful to the wider region as well as itself.
Atlanta is one of the fastest growing cities in the US. It is the beating heart of Georgia, and one of the main centers for economic activity with the head quarters of several major companies located in its CBD, including Coca Cola, Delta Airlines, and AT&T. Just behind Chicago and Minneapolis, it has one of the highest concentrations of Fortune 500 companies located within the greater Atlanta Metropolitan Area. Read more
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