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Showing 7971 - 7980 of 10710 results for "May 2011"

Perennial invests in oil equipment stocks

MICHAEL HOBBS  |  MONDAY, 19 JUL 2010
Perennial Investment Partners' international equities division has invested in oil and gas drilling equipment companies ahead of a predicted worldwide oil rig upgrade following the BP disaster. Clay Carter, head of international equities at Perennial ...

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
Three Ohio pension funds have won a $840 million settlement from AIG after the insurer agreed to settle claims of accounting violations and stock price manipulation, in the tenth-largest securities class action settlement in U.S. history. Ohio Attorney ...

Contra confidence

BENJAMIN ONG  |  MONDAY, 19 JUL 2010
Did anyone hear that loud thud on Wall Street over the weekend? So what do we do now? Are we back on track for very slow growth - at worst, a double-dip -- and all the sinister consequences it'll have on our combined and individual fortunes? The Street ...

Pengana gains 'three stars' rating

PRESS RELEASE  |  FRIDAY, 16 JUL 2010
Standard & Poor's has given the Pengana Australian Equities Core fund a 'three stars' rating. The fund's strategy is active long-only that uses fundamental stock selection to construct a high conviction portfolio. The portfolio aims to generate absolute ...

Saved by BP and Goldman

BENJAMIN ONG  |  FRIDAY, 16 JUL 2010
Oil spill? Checked. Lawsuit? Checked. The resolution of these two uncertainties powered Wall Street into a positive close after spending most its trading day worrying about weak economic data at home. Oil spill plugged. BP shares surged by 7.6 per cent ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 JUL 2010
The Australian share market has received a modest negative lead from offshore markets as Wall Street traders examined the details of an overhaul of the US financial system and Goldman Sachs' settlement of fraud charges. At 0735 AEST on the Sydney Futures ...

Vanguard tops LPT sector review

PRESS RELEASE  |  THURSDAY, 15 JUL 2010
Vanguard Investments Australia's locally listed property fund has beaten 18 other funds to be rated 'highly recommended' by Lonsec as the sector struggles with divergent performance results and high staff turnover. The firm's 2010 Australian Property ...

Broker jailed for false trades

ASIC RELEASE  |  WEDNESDAY, 14 JUL 2010
Former Macquarie Equities client adviser Newton Chan has been sentenced to a 20-month imprisonment term - serving four months immediately before being released on a recognisance release order - for share price manipulation. He was sentenced in the Supreme ...

US pension plan deficits rise in June

MICHAEL HOBBS  |  WEDNESDAY, 14 JUL 2010
Pension plan deficits of S&P1500 reached $510 billion at the end of the financial year, just $1 billion shy of the previous deficit record set in January 2009, according to a new report. Mercer's survey found the pension plan deficit had widened by ...

Looking good

BENJAMIN ONG  |  WEDNESDAY, 14 JUL 2010
... more -- something with more oomph perhaps? Got one more. The US trade deficit widened by 4.8 per cent to US$42.3 billion in May - the highest in 18 months -- from US$40.3 bil in the previous month. In a down market, this would be spun to "this confirms ...