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Williamsburg investment adviser's account sees returns
Registered investment advisory firm 1693 Asset Management announced that its “Rising Dividends Strategy” generated composite-level year-to-date returns of 10.5 percent as of April 30. Its longer term performance ranks the portfolio in the...
Tags: Hampton (Hampton, Virginia)
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WRAPUP 1-Wall St commodity slump deepens in Q1, led by Morgan Stanley
Reuters* Morgan Stanley Q1 commodity revenues fall 77 pct * Total commodity revenues on Wall Street down 54 pct-Coalition By David Sheppard and Barani Krishnan NEW YORK, May 15 (Reuters) - Global investment banks suffered another bruising decline in commodity...Tags: Federal Reserve, Quarterly or Semiannual Financial Statements, Economy, Business and Finance, Goldman Sachs Group, Inc., Money and Monetary Policy
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French public bank could be used to avert foreign takeovers: MD
ReutersPARIS (Reuters) - France's new Public Investment Bank will usually buy minority stakes in French firms but could take a majority holding to prevent a foreign takeover, its managing director Nicolas Dufourcq said on Wednesday. The bank, set up at the...Tags: Francois Hollande, Economy, Business and Finance, France, Politics, Banking
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Amazon cloud partner Apptio raises $45 million
ReutersBy Alistair Barr SAN FRANCISCO, May 15 (Reuters) - Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including...Tags: T. Rowe Price, Computing and Information Technology Industry, Safeway Inc., Startups, Amazon.com Inc.
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Florida 'fertile ground' for fraudsters, SEC official says at summit
With its retirees sitting on their nest eggs, a transient immigrant population and plenty of wealthy Floridians, it may come as no surprise a lot of schemers target the Sunshine State. "It does create a fertile ground for fraudsters," said Glenn Stuart...
Tags: Crime, Law and Justice, Immigration, Economy, Business and Finance, Florida Gators, Lawyers
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PREVIEW-Japan Q1 growth pickup to show early stimulus effects
Reuters* Q1 GDP forecast +0.7 pct qtr/qtr, 2.8 pct annualised * Consumption seen +0.9 pct qtr/qtr, capex +0.7 pct * First "Abenomics" report card to show early effects * Economy seen sustaining growth in Q2 as exports recover * No growth contribution from...Tags: Economic Indicator, Government Debt, Consumer Confidence, Consumers, Shinzo Abe
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Japan first-quarter growth pickup to show early stimulus effects
ReutersTOKYO (Reuters) - Japan's economy is expected to have grown in January-March at its fastest pace in a year due to solid private consumption and a recovery in capital investment encouraged by Prime Minister Shinzo Abe's recipe of aggressive monetary and...Tags: Economic Indicator, Government Debt, Consumer Confidence, Consumers, Shinzo Abe
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Banks' Q1 commodities revenue down 54 pct year-on-year -study
ReutersMay 15 (Reuters) - Commodities revenue at the world's 10 largest investment banks fell by more than half in the first quarter of this year versus the same period of 2012 due to lower market and client activity, analytics firm Coalition said on Wednesday....Tags: Investment Service
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HSBC may cut 14,000 more jobs as revenue faces pressure
ReutersHONG KONG/LONDON (Reuters) - HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to...Tags: JPMorgan Chase & Co., Hong Kong, Banking, Investment Service, Business Enterprises
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Statoil to call tender for carbon capture technology
Reuters* Statoil plans to award contract in 2014 * Five companies took part in pre-qualification * Parliament expected to decide in 2016 OSLO, May 15 (Reuters) - Norwegian oil and gas firm Statoil will call a tender in the coming weeks to acquire technology...Tags: Norway, Mitsubishi Heavy Industries Limited, South Africa, Energy Resources, Parliament
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COLUMN-Weak yen a boon for investors, not Japan: James Saft
Reuters(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft May 14 (Reuters) - Buy Japanese stocks if you must but don't expect Abenomics and the fall of the yen to revitalize Japan's economy. The yen has fallen by more than...Tags: Federal Reserve, Money and Monetary Policy, Marketing, Physical Conditions, Exports
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Ireland to review tax on oil, cautious on Norway-style rate
Reuters* Committee recommends 25-40 pct rate be doubled * Interest increasing in country's oil potential * Energy minister says must be realistic about prospects DUBLIN, May 14 (Reuters) - Ireland's energy minister launched a review of the country's low tax...Tags: Norway, Upstream Oil and Gas Activities, Physical Fitness and Exercise, Politics, Republic of Ireland
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May 15, 2013
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