public marks

PUBLIC MARKS from bacon with tag financial

April 2009

Calpine, GE Receive California Public Utilities Commission Approval of Power Purchase Agreement for Planned Bay Area State-of-the-Art Power Plant

Calpine Corporation (NYSE:CPN) and GE (NYSE: GE) unit GE Energy Financial Services announced today that the California Public Utilities Commission has approved an amended Power Purchase Agreement for a state-of-the-art combined-cycle natural gas power ...

American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services

US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...

Citigroup likely to sell Nikko Citigroup with Nikko Cordial Securities and Nikko Asset Management Co.

Citigroup Inc. of the United States intends to add Nikko Citigroup Ltd. to its plan to sell Nikko Cordial Securities Inc., Japan’s third-largest brokerage and Nikko Asset Management Co. in Japan. Citigroup has proposed selling the three Nikko fir...

Top Fidelity executive Walter Donovan joins rival Putnam

Walter Donovan, the president of Fidelity Investments‘ equity division, left the Boston-based mutual fund firm for rival Putnam Investments, The Wall Street Journal reported Friday on its Web site. A Fidelity spokeswoman told the Journal that Don...

ING Plans to Sell $10.6 Billion of non-core assets: ING Investor Day

ING Group, the biggest Dutch financial services firm, plans to sell up to €8 billion (£7.2 billion) selling of non-core assets after tapping a government rescue fund last year. ING expected to sell between 10 and 15 businesses “over time and a...

March 2009

Institute of International Finance (IIF) says Financial Services Firms Move to Implement Compensation Reforms!

Financial services firms are moving forward with far-reaching changes in their approaches to employee compensation, said the Institute of International Finance (IIF). Firms are proceeding with reforms that are both in line with the principles published...

Dr. Ben S Bernanke Calls for Increased Financial Market Regulation

Guide Regulatory Revamp, Less Restrictive Money-Fund Rules! Federal Reserve Chairman, Ben S Bernanke urged an overhaul of financial regulatory policies and accounting rules in an effort to smooth out the extreme volatility in financial markets. Bernank...

February 2009

Stanford fraud case: FBI Arrests Stanford Executive Laura Pendergest-Holt

The FBI made the first arrest in the Stanford Financial Group fraud investigation, detaining Chief Investment Officer Laura Pendergest-Holt on federal obstruction charges. The criminal complaint against Pendergest-Holt said she failed to tell investiga...

AIG Asia asset sales plan, yes or no?

Citigroup and Goldman Sachs are advising AIG on its Asia asset sales. AIG initially intended to sell 49% of AIA, which is Asia’s largest life insurer with operations in 10 countries, but it has since signaled it was open to selling the whole unit...

Financial Stability Plan: What is Timothy Geithner new bank rescue plan?

I don’t know how the private-public partnership will work. But it does look like for the ‘bad bank’ the losses will mostly be suffered by taxpayers, and gains will mainly be by plutocrats. The new plan might be a rerun of the Bush adm...

November 2008

Zurich appoints Mario Vitale CEO of its Global Corporate business division

Zurich, a leading property and casualty insurance provider in North America and globally, today announced Mario Vitale has been promoted to CEO of its Global Corporate business division. He replaces Geoff Riddell who will assume additional responsibili...

What went wrong with The South Financial Group CEO Mack Whittle's $18 million retirement package?

The South Financial Group, largest publicly-traded bank holding company governor Mark Sanford is calling for an investigation into the timing of South Financial Group CEO Mack Whittle’s $18 million retirement package. Sanford contacted Treasury s...

October 2008

Reason behind Mack l. Whittle, Jr. sudden departure as CEO South Financial Group!

The unexpectedly sudden departure of Chairman, President and CEO Mack Whittle comes just days after the bank announced it plans to apply for a federal investment through the Troubled Asset Relief Program, or TARP, which contains provisions that void ex...

Dominic D'Alessandro of Manulife Financial Corp planning for acquisitions

Manulife Financial Corp, Canada’s biggest insurer by assets, soared a record 27 percent after Chief Executive Officer Dominic D’Alessandro said he plans to maintain the dividend and will consider acquisitions. Manulife Financial Corp. tried...

A full review on new Hector Sants Remuneration policies, UK Financial Services Authority

The following is Hector Sants’s statement from the Financial Services Authority on executive pay after the UK government attached conditions to its 37 billion pounds ($64 billion) bailout of British banks. Dear CEO Remuneration policies Introduc...

A complete review on -European summit on the global financial crisis

French President Nicolas Sarkozy hosted the hastily-called meeting of the leaders of Britain, Germany, and Italy in Paris, as the financial plague which started on Wall Street continues to spread through the world economy. European leaders have opened...

List of web based Accounting and financial applications for CEO'S and Entrepreneurs

Are you planning on growing your business? Are you tired of the spreadsheet chaos? Did you know that lack of cash flow analysis is often the reason for business ventures to fail? Sharing rent, grocery bills with roommates? Back from a trip with friends...

Cadbury CFO Ken Hanna to step down for Inchcape

Chocolate maker, the confectionery group Cadbury Plc said that Ken Hanna, its chief financial officer or finance director, will step down from the board in April next year. Hanna have completed five years in the role at the chocolate and chewing gum c...

October 2007

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