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Neuberger Berman buys Lehman Bros

COMPANY RELEASE  |  MONDAY, 27 JUL 2009
Neuberger Berman has agreed to acquire the businesses of Lehman Brothers Trust Company, N.A. and Lehman Brothers Trust Company of Delaware. Neuberger Berman Group which has approximately $194 billion in assets under management as of June 30, 2009, announced ...

Market Wrap - Morning

AAP  |  MONDAY, 27 JUL 2009
... Supreme Court resumes for a penalties hearing. On Friday, big miners helped drive Australia's stock market to its highest close since last November. The benchmark S&P/ASX200 index closed up 25.7 points, or 0.63 per cent, at 4089.8, its highest close ...

Macq Airport buys management rights

COMPANY RELEASE  |  FRIDAY, 24 JUL 2009
... outlined in Macquarie's ASX release in March this year on its listed specialist funds and its plan to develop initiatives to close the gap between valuation and security market price. Listed specialist funds provide less than 5 per cent of the Macquarie ...

Market Wrap - Midday

AAP  |  FRIDAY, 24 JUL 2009
... vaulted above 9,000 for the first time since early January, gaining 188.03 points, or 2.12 per cent, to 9069.29, the best close for blue chips since November 5. The technology-heavy Nasdaq composite extended its winning streak to a 12th session, rallying ...

Ways to go

BENJAMIN ONG  |  FRIDAY, 24 JUL 2009
... assess whether the Australian equity market have already factored in these good tidings into its valuation. As at yesterday's close of 4,072.6 points, the All Ordinaries Index remains 41 per cent below its all-time high of 6,853.6 points. But this also ...

Market Wrap - Morning

AAP  |  FRIDAY, 24 JUL 2009
... vaulted above 9,000 for the first time since early January, gaining 188.03 points, or 2.12 per cent, to 9,069.29, the best close for blue chips since November 5. The technology-heavy Nasdaq composite extended its winning streak to a 12th session, rallying ...

Market Wrap - Midday

AAP  |  THURSDAY, 23 JUL 2009
... its production report on Wednesday. Overnight, the Dow Jones Industrial Average fell 34.68 points, or 0.39 per cent, to close at 8,881.26, snapping a seven-day winning streak for the blue-chip index. The broad Standard & Poor's 500 index fell 0.51 point ...

ANZ Staff Super reappoints directors

RUTH LIEW  |  THURSDAY, 23 JUL 2009
The $1.7 billion ANZ Staff Superannuation Scheme has re-appointed Jo McKinstray and Geoff King as member representative directors to its trustee board. The appointments follow a search that ended last month for two representatives following the end ...

IT dept holds key to cost cutting

COMPANY RELEASE  |  THURSDAY, 23 JUL 2009
... platform saved more than $74 million in energy bills. This amounts to savings of around 590 kilowatts-hours annually or close to 423,000 metric tons of carbon dioxide a year. "Previously we had a number of different applications running on multiple platforms ...

Australian Ethical closes World Trust

MICHAEL HOBBS  |  THURSDAY, 23 JUL 2009
Australian Ethical Investment has closed the firm's World Trust, redirecting investors to a similar trust that offers lower fees and requires a lower minimum investment amount. The firm said no further investments into the World Trust would be accepted ...