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Investment Service News

Investment Services news continually updated from thousands of sources around the net.

3 hrs ago | Reuters

Stern Advice-How to buy financial advice now

The financial advice business is changing dramatically in every aspect, from how advisers spend their time, to what they charge, to how they label and promote themselves.

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Related Topix: Mutual Funds, Personal Finance, Financial Markets, Stanley, Charles Schwab, Retirement

7 hrs ago | New York Daily News

Goldman Sachs grants teen's wish to be investment banker

Seventeen-year-old Terry 'Tre' Grinner, who was diagnosed with Hodgkin's Lymphoma, is living out his dream of being an investment banker with a weeklong internship at Goldman Sachs.

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Related Topix: Goldman Sachs, Financial Services, Health, Hodgkin's Disease, Lymphoma, Alamo, CA

11 hrs ago | ABC15.com

Walmart: 'Going to a very dark place'

Walmart may not go the way of RadioShack any time soon. But Goldman Sachs says that customers are abandoning the big-box pioneer in droves.

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Related Topix: Goldman Sachs, Financial Services, Science / Technology, Internet

15 hrs ago | Forbes.com

Earnings for Legg Mason Projected to Rise

Wall Street is expecting higher profit for Legg Mason when the company reports its first quarter results on Thursday, July 31, 2014.

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Related Topix: Legg Mason, Financial Services, Financial Markets

20 hrs ago | Sydney Morning Herald

need2know: Shares set for flat open

Local shares are expected to trade in a narrow range at the open in cautious trading ahead of the latest US central bank policy decision.

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Related Topix: Financial Markets, Carlyle Group, Financial Services, Global Integrity

Yesterday | Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The Partnership's adjusted EBITDA for the 2014 second quar... )--Fitch Ratings has assigned the following ratings to issuances by the town of Hamden, Connecticut: --$26.4 million general obligation bonds, 2014 series A rated 'BBB+... )--Compuware Corporation , the technology performance company, today announced financial results for its first ... (more)

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Related Topix: Startups, Immersion Corporation, Immersion, Hamden, CT, Financial Markets, Compuware, Software, AMP Ltd, Insurance, Financial Services

Tue Jul 29, 2014

MSN Money

Sprint, T-Mobile merger not expected before September: sources

The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter.

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Related Topix: T-Mobile, Sprint Nextel, Telecom, IT Services, Deutsche Telekom AG, SoftBank, Financial Services, Business News, Federal Communications Commission, AT&T

Reuters

Prosecutors, defense spar over $150 billion forfeiture for Madoff aides

Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it? Prosecutors are seeking more than $150 billion in criminal forfeiture from the longtime employees of ... (more)

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Related Topix: Bernie Madoff, Criminal Defense Law, Law, Financial Services, Bernard L Madoff Investment Securities

Reuters

Institutions shift to exchange-traded funds as futures grow costly

Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.

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Related Topix: Financial Services, BlackRock, Financial Markets, San Mateo County, CA, Menlo Park, CA

NewsOK.com

TD Ameritrade building earns efficiency award

You now have an easier online to way to manage your Home Delivery subscription for The Oklahoman.

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Related Topix: TD Ameritrade, Financial Services, Ameritrade Holding

News Observer

Swiss bank UBS reports rise in profit

In this Oct. 30, 2012 file photo a man enters the UBS bank in Zurich, Switzerland.

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Related Topix: Banking, Financial Services, Ubs Ag, Switzerland, World News, UBS Investment Bank, Investment Banking, UBS Financial Services

The Washington Post

Sony Seen Reject From Japan Shame Index in Losing Stock Cull

The JPX-Nikkei Index 400 picks companies with the best operating income, return on equity and market value to shame executives of those it excludes into boosting profit and shareholder returns.

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Related Topix: Goldman Sachs, Financial Services, Business News

Reuters

Exclusive: Goldman unit eyes foray into China amid metals financing scandal

Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.

1 comment

Related Topix: Goldman Sachs, Financial Services, World News, China,

Mon Jul 28, 2014

Tri-cityherald.com

Swiss bank UBS reports 2Q net profit jump

Switzerland's biggest bank says its net profit for the April-June period rose to 792 million Swiss francs , up from 690 million francs in the comparable period from 2013.

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Related Topix: Financial Services, Ubs Ag, Banking, UBS Investment Bank, Investment Banking, UBS Financial Services

Sunday Herald

Gilbert upbeat despite Aberdeen Asset blow

INVESTORS have wiped around 300m off the stock market worth of Aberdeen Asset Management after the company revealed clients pulled another 8.8 billion funds out of the business in the quarter to June, net of new investments, but chief executive Martin Gilbert said it is in "really good shape".

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Related Topix: Financial Services, Aberdeen Asset Management

Bloomberg

Goldman Sachs Denies - Boys' Club' Sex-Discrimination Claims

Goldman Sachs Group Inc. denied allegations that it discriminated against women on pay and tolerated a "boys' club" atmosphere featuring excessive drinking and trips to strip clubs with clients.

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Related Topix: Goldman Sachs, Financial Services, Consulting, Cohen Group

The Washington Post

Bulls Fleeing Natural Gas as Goldman Sees Further Drop: Energy

Speculators are fleeing natural gas after prices dropped below $4 for the first time since December and power plant production fell to a 13-year seasonal low.

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Related Topix: Goldman Sachs, Financial Services, US Energy Systems, Energy, Bethesda, MD, Business News

Business Journal

Big-name VCs, others tagged to weigh changes to UC investment policy

Brook Byers of venture capital firm Kleiner Perkins Caufield & Byers is part of the 18-member University of California Innovation Council that will put meat on the bones of a new UC policy that allows direct investment in companies.

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Related Topix: Venture Capital, Emerging Technology, Kleiner Perkins Caufield and Byers, Startups, Financial Services, Kleiner Perkins Caufield & Byers, California, California Government

The Washington Post

BlackRock's Old Chevy ETF Proves Irreplaceable for Traders

Why tote around a first-generation iPhone when you have a 5s at home? Or drive a beat-up old Chevy when there's a new Corvette in the garage? In the world of exchange-traded funds, that's just what investors are doing.

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Related Topix: Financial Services, BlackRock, RiskMetrics, MSCI, Charles Schwab, Jersey City, NJ

Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* Italy's UniCredit is close to selling a new portion of its private equity holdings after a similar deal in 2013, a source close to the matter said on Sunday, as European banks shed non-core assets to strengthen their capital base.

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Related Topix: Goldman Sachs, Financial Services, Home, Mortgage, Personal Finance, Beaumont, TX

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