Investment Service News

Osage Bio Energy , headquartered in Glen Allen, Virginia, has received a commitment of $300 million from First Reserve Corporation to fund the construction of four next generation bio-refining facilities that ... via Green Car Congress

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Circuit City Stores Inc. said Friday that it has hired Goldman Sachs & Co. to help it explore strategic alternatives, adding that it will allow video-rental chain Blockbuster Inc. via MarketWatch

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“Making that information public can certainly help.”

The Securities and Exchange Commission will require investment banks to disclose their capital and liquidity levels after the agency was criticized for regulatory failings in the wake of the Bear Stearns Cos. via The Boston Globe

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“There will be a hell of a mess in these derivative books eventually”

PASADENA, Calif. - Billionaire Charlie Munger said Wednesday investors should lower their expectations because the economic conditions many people used to build wealth over the past three decades aren't likely ... via Canadian Business Magazine

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Aberdeen Asset Management is the latest in the ranks of corporate groups considering moving its headquarters offshore for tax purposes as speculation grows that a wave of British fund managers could exit the ... via Accountancy Age

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“Taking the decline in assets under management from point to point, as represented by the Bloomberg report, is not an appropriate or accurate way to calculate potential investment losses or the company's potential exposure”

U.S. financial stocks slipped Thursday, pressured by a report that State Street Corp. via MarketWatch

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“The physical supplies do not justify the price, it just doesn't make sense.”

Gas prices jumped nearly 3 cents overnight to a new national record of nearly $3.65 a gallon Thursday, while oil prices paused from their own climb to record highs and succumbed to mild profit-taking.

At the pump, the average price of a gallon of regular gas nationwide rose 2.7 cents to a record $3.645, according to a survey of stations by AAA and the Oil Price Information Service. Diesel prices also rose, adding 0.9 cent to match a record national average of $4.251 a gallon.

Gas prices tend to lag oil futures, and with crude rising to a new record near $124 a barrel Wednesday and likely headed higher, it's widely expected the average price of gas will soon rise as high as $4. Motorists in many areas, including parts of California and Hawaii, are already paying that much, or more. Read more

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“This could last for between 6 to 12 months”

Thain at the news conference in Mumbai, yesterday MUMBAI: India offers one of most rewarding opportunities for growth in spite of recessionary conditions in the US, wealth management group Merrill Lynch CEO ... via Gulf Times

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Analysis and Discussion with Charles Bobrinskoy of Arial Investments via ClipSyndicate

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New York Comptroller Thomas DiNapoli is suspending or reducing the public pensions of five more lawyers and an accountant in his ongoing investigation of contractors wrongly listed as public employees. via Press & Sun-Bulletin

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