Archive for July, 2009

KKR eyes market blitz of up to six IPOs

Friday, July 31st, 2009

The world’s biggest buy-out group is preparing up to six companies for initial public offerings worth billions of dollars, as it sells some of its most valuable groups back to the stock market

Financial planner as therapist?

Friday, July 31st, 2009

Plunging portfolio balances seem to cry out for a little crisis counseling . . . but not everybody thinks your money pro is equipped to help you explore your feelings.

The recovery puzzle’s missing piece

Friday, July 31st, 2009

Investors, if you think US fortunes continue to drive the world economy, keep your money out of this market. But if you expect Asia and South America to lead the recovery, jump in now.

US GDP contraction slows to 1%

Friday, July 31st, 2009

The US economy continued to shrink in the second quarter making this recession the longest on record, but the more moderate decline lifted hopes that government stimulus measures could be loosening the grip of the downturn

BA falls to a first-quarter loss

Friday, July 31st, 2009

The airline reported a loss for first three months of its financial year as long-haul passengers traded down to economy class and cargo related traffic fell sharply as a result of the economic downturn

FTSE closes at seven-month high

Thursday, July 30th, 2009

Leading UK shares close at their highest level for almost seven months on better-than-expected corporate results.

Democrat resists subpoenaing VIP mortgage records (AP)

Thursday, July 30th, 2009

House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens.