Tuesday 15 December 2009

12/15 Yahoo! Finance: Diversified Investments Industry News

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Putting Obama on Hold, in a Hint of Who's Boss (at The New York Times)
December 14, 2009 at 10:57 pm


Pension Fund Sues Goldman Over Pay (at The New York Times)
December 14, 2009 at 8:58 pm


Goldman faces lawsuit over anticipated bonuses (Reuters)
December 14, 2009 at 8:20 pm

Goldman Sachs Group Inc is being sued by an institutional investor who claims the firm is preparing to pay out improper bonuses.

Stream Announces Completion of Tender Offer (PR Newswire)
December 14, 2009 at 6:48 pm

Stream Global Services, Inc. , a premium business process outsource service provider specializing in customer relationship management services for Fortune 1000 companies, announced today the final results of its tender offer to purchase up to 17,500,000 of its publicly held warrants , that are each exercisable to purchase one share of its common stock, at a purchase price of $0.50 per warrant., which expired at 5:00 p.m., New York City time, on December 14, 2009.

Launch targets corporate credit gap (at FT.com)
December 14, 2009 at 5:45 pm

Haymarket Financial, a new lending group backed by the private equity group TowerBrook Capital Partners, has launched with $700m in permanent capital, in a sign of investors looking to take advantage of the gap in the availability of corporate credit.

Goldman's Curbs on Bonuses Aim to Quell Uproar (at The New York Times)
December 14, 2009 at 5:21 pm


Conseco offers 45M shares of common stock (AP)
December 14, 2009 at 5:21 pm

Insurer Conseco Inc. said Monday it is offering 45 million shares of common stock to help pay down debt and for corporate purposes.

Delisting of Securities of Altus Pharmaceuticals Inc. From The NASDAQ Stock Market (GlobeNewswire)
December 14, 2009 at 5:03 pm


[$$] Bond Rally Has Legs, But Gains Seen Limited (at The Wall Street Journal Online)
December 14, 2009 at 4:25 pm


'God's work' for God's pay (at FT.com)
December 14, 2009 at 4:05 pm

God, in the form of "inclement weather", intervened on Monday to prevent Lloyd Blankfein's attendance at Barack Obama's meeting with America's top 12 financial chief executives. The head of Goldman Sachs joined by telephone instead.

Delisting of Securities of UCBH Holdings, Inc. From The NASDAQ Stock Market (GlobeNewswire)
December 14, 2009 at 4:05 pm


Delisting of Securities of Teton Energy Corporation From The NASDAQ Stock Market (GlobeNewswire)
December 14, 2009 at 4:05 pm


China Biologic Products, Inc. (CBPO) Chief Executive Officer to Ring The NASDAQ Stock Market Opening Bell (GlobeNewswire)
December 14, 2009 at 2:45 pm


Matt Tabibi: Economic Obamanation (at Seeking Alpha)
December 14, 2009 at 1:46 pm


Buyout Shop Moves Into Czech Banking (at The New York Times)
December 14, 2009 at 1:46 pm


AMG Buying Aston Funds (Morningstar.com)
December 14, 2009 at 1:38 pm

The deal shouldn't result in significant changes to Aston and is likely to be a net positive.

Weather Keeps Some Bankers Away From Obama Talk (at The New York Times)
December 14, 2009 at 1:35 pm


Cobalt I.P.O. Will Test Investor Appetite (at The New York Times)
December 14, 2009 at 1:33 pm


Wall Street's Bonus Culture: RIP (at BusinessWeek)
December 14, 2009 at 1:09 pm


Clearance of CDS passes milestone (at FT.com)
December 14, 2009 at 1:05 pm

The trading of credit default swaps passed a key milestone on Monday as dealers started placing trades executed with their clients into ICE Trust, a central clearing house for over-the-counter derivatives.

Did Goldman Pay Too High a Price? (at The New York Times)
December 14, 2009 at 1:03 pm


[$$] Gundlach, Ousted TCW Bond Manager, Forms DoubleLine (at The Wall Street Journal Online)
December 14, 2009 at 12:48 pm


Affiliated Managers to buy Aston funds owner (AP)
December 14, 2009 at 12:39 pm

Affiliated Managers Group Inc. is buying the parent company of the Aston mutual fund family in an all-stock deal worth nearly $114 million.

NYSE Euronext to Host Investor Day on Wednesday, March 3, 2010 (Business Wire)
December 14, 2009 at 11:37 am


Happy Hearts Fund Founder and Chair Petra Nemcova and Executive Director Phillip Caputo to Ring the NASDAQ Stock Market Closing Bell (GlobeNewswire)
December 14, 2009 at 10:56 am


Morgan Stanley Smith Barney Launches Perspectives in Philanthropy Holiday Gift Catalog (Business Wire)
December 14, 2009 at 10:53 am


Deliberating the Fed's Exit Strategy (at Minyanville.com)
December 14, 2009 at 10:20 am

Economists need to develop a plan that gets rid of the Fed and fractional reserve lending.

Petra Nemcova and Happy Hearts to Ring the NASDAQ Stock Market Closing Bell (GlobeNewswire)
December 14, 2009 at 10:00 am


5-Star Stocks Poised to Pop: NYSE Euronext (at Motley Fool)
December 14, 2009 at 9:56 am


ICE Trust Successfully Launches Customer Solution for CDS Clearing; Over $4.3 Trillion in CDS Cleared to Date Globally (PR Newswire)
December 14, 2009 at 9:35 am


WIRED magazine Publisher to Ring the NASDAQ Stock Market Closing Bell (GlobeNewswire)
December 14, 2009 at 9:00 am


Goldman Wins by Not Paying Cash Bonuses (at BusinessWeek)
December 14, 2009 at 8:08 am


House Toughens Wall Street Rules (at BusinessWeek)
December 14, 2009 at 8:08 am


Morgan Stanley Hires Fleming to Oversee Investment Management (at BusinessWeek)
December 14, 2009 at 8:08 am


EastBridge Investment Group Signs Joint Venture and Listing Agreement With a Congo Gold Mine Company (Marketwire)
December 14, 2009 at 8:00 am


Semi-Annual Changes to the NASDAQ OMX ABA Community Bank Index (GlobeNewswire)
December 14, 2009 at 7:00 am


[$$] Lazard's Weiss Is Year's Busiest Banker (at The Wall Street Journal Online)
December 14, 2009 at 6:47 am


China Ceramics Receives Delisting Notice (Business Wire)
December 14, 2009 at 6:00 am


ICE Clear Europe Launches Single-Name CDS Clearing; Nomura and BNP Paribas Join as CDS Clearing Members (PR Newswire)
December 14, 2009 at 5:00 am

IntercontinentalExchange® , a leading operator of regulated global futures exchanges, clearing houses and over-the-counter markets, announced that ICE Clear Europe has launched clearing services for single-name credit default swap contracts after receiving regulatory approval in the U.K.

Morgan Stanley hires ex-Merrill COO Fleming (Reuters)
December 14, 2009 at 4:39 am

Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.

Goldman Sachs, J.P. Morgan: Who Got the Better Deal on TARP Warrants? (at Seeking Alpha)
December 14, 2009 at 4:21 am


NASDAQ OMX and Verizon Business Extend Co-Operation (GlobeNewswire)
December 14, 2009 at 3:20 am

NEW YORK -- The NASDAQ OMX Group, Inc. today announced that it has extended its co-operation with Verizon Business. Through the two companies' new agreements, NASDAQ OMX is reinforcing its global open connectivity strategy as well as supporting the expansion of its world-leading co-location services offering for its U.S. exchanges and markets.

Russell Investments Selects NASDAQ OMX to Disseminate Index Values for Its Global Indexes (GlobeNewswire)
December 14, 2009 at 3:00 am

TACOMA, Wash. and NEW YORK -- The NASDAQ OMX Group, Inc. and Russell Investments today announced that NASDAQ OMX has been selected as the primary source of real-time index values for Russell's global and ex-U.S. indexes.

Morgan Stanley hires Gregory Fleming (at MarketWatch)
December 14, 2009 at 2:39 am


"Naked access" now 38 percent of U.S. trading: report (Reuters)
December 14, 2009 at 12:37 am

A report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.

A Ban On 'Bubble' (at Forbes.com)
December 14, 2009 at 12:01 am


Did Goldman Pay Too High a Price? (at The New York Times)
December 13, 2009 at 11:16 pm


Merrill Alumnus to Lead a Unit of Morgan Stanley (at The New York Times)
December 13, 2009 at 11:07 pm


Morgan Stanley hires ex-Merrill COO Fleming (Reuters)
December 13, 2009 at 9:25 pm

Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.
 

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