April 2009
LG First Asian Company to Support United Nations World Food Programme Fight Hunger in Africa
The United Nations World Food Programme (WFP) and LG Electronics (LG) today announced a multi-year partnership to fight poverty and hunger in the drought-afflicted Horn of Africa region. Under the banner of a ‘Partnership of Hope,’ LG pledged one b...
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 ...
Anheuser-Busch InBev Selling Rolling Rock?
Anheuser-Busch InBev NV, the world’s largest brewer, is exploring the sale of its Rolling Rock brand, the Wall Street Journal reported. The report specified that the company sounded out potential bidders for Rolling Rock, a pale lager sold in dis...
The Importance In The Mix of Accounts, Customers and Markets!
This is an important subject for business, marketing, sales, business development, planning and strategy, product development, customer service and profitability. This sentence should cover the general business development aspect. There is some debate ...
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...
Lawrence H Summers on the Crisis!
President Barack Obama’s top economic adviser, Lawrence Summers said that he is confident that the administration’s plan to boost growth and revive financial markets will work, though he acknowledged that the timing of a turnaround is uncle...
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...
UBS Will Disclose Names, Pay $780 Million Over US Cross-Border Case!
UBS settles US Cross-Border Case with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) UBS is resolving investigations relating to its US cross-border business by entering into a Deferred Prosecution Agreement (DPA) w...
Rio Tinto and Chinalco; $19.5bn injection: China’s biggest foreign deal
Rio Tinto, the third-biggest diversified mining group by market value, announced last week it had held talks with Chinalco about selling it convertible notes and stakes in some assets. A deal with Chinalco may help dampen investor concerns over RioR...
Full Madoff Client List; Includes Sandy Koufax and Madoff’s Own Attorney Ira Sorkin, Peter, Mark and Andrew!
Among the thousands of others named were Madoff’s family members, including his sons, Mark and Andrew, and his brother, Peter. The Manhattan offices of Bernard L. Madoff Investment Securities LLC was declared a crime scene after the veteran inves...
Rio Tinto talking with Chinalco, no deal yet!
Anglo-Australian mining giant Rio Tinto held talks with Aluminum Corp. of China, also known as Chinalco, over potential investments that could help Rio pay back some of its heavy debt burden. - Global miner Rio Tinto Ltd/Plc held talks to sell some ass...
What Bush Secretly Said to Michelle Obama
This isn't that big of a deal, it more or less shows Bush really had heart!!
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
How Royal Bank of Scotland lost $37 billion: technically insolvent
There is an old saying that financial stocks lead the markets up and conversely lead them down. Which way do you think the markets are heading…hint: who’s getting the most help? Not to worry though, because they say it’s typical during su...
Bank of America slumps to first loss since 1991!
Bank of America Corp., which owns Merrill Lynch reported a net loss of $1.79 billion in the fourth quarter. That the brokerage compares to net income of $268 million a year earlier. The net loss applicable to common shareholders was $2.39 billion, or 4...
December 2008
A full report on Bernard L. Madoff Investment Securities Ponzi scheme: GREED and STUPIDITY!
I agree and I call it GREED and STUPIDITY… who in the hell in their right imnd thinks that a money manager can return 8% to 12% per year…even when the market goes to hell in a handbasket…even in the era of 1974…come on!!! I reca...
Reason behind $50B Bernard Madoff's Ponzi Scheme!
A Ponzi Scheme is fairly simple to understand. There are no underlying assets. Instead, the investment from new investors is used to pay off old investors. This could also be the final nail in the coffin in the hedge fund “industry” as anyo...
chasing presents
a collection of gift guides; tons of gift ideas for christmas
Chuck Bryan to replace CEO Kent Clapp after his death at Medical Mutual of Ohio!
To fill the positions made vacant by the tragic death of Kent Clapp last Wednesday, the Medical Mutual of Ohio Board of Directors named interim co-chairmen of the Board, a management committee and an interim CEO at a special meeting last night. Samuel ...
EIB loan to mitigate climate change and support EU presence in India
The European Investment Bank (EIB) is providing EURO 150 million to the Export-Import Bank of India (EXIM Bank) to part-finance investments that will contribute to the mitigation of climate change or to support European Union (EU) presence in India. Mr...
November 2008
Property Exhibitions move online – trendsetter in Global Realty!
Within 24 hrs of its launch, the first ever property exhibition, launched by Maharashtra Chamber of Housing Industry (MCHI) and the leading Real Estate Networking Portal PropertyMixer.com is getting huge response and success. Owing to the increasing nu...
BofA CEO Kenneth D. Lewis advice to America: One too many auto makers
“I think there’s one too many” automakers, Bank of America CEO Kenneth Lewis told the Detroit Economic Club during a meeting in Cobo Center, the downtown convention center that’s home to the North American International Auto Sho...
Interview: Mr Mirosław Milewski, Mayor of Płock. Poland
Mr Mirosław Milewski, Mayor of Mirosław Milewski. By: editor Ceoworld.biz The following Interview is brought to you by ceoworld.biz. ceoworld.biz: Could you tell us what is your strategy aiming at encouraging investors to invest in Poland? Mr Miros...
October 2008
A full review on New Federal Reserve liquidity swap facilities?
Today, the Federal Reserve, the Banco Central do Brasil, the Banco de Mexico, the Bank of Korea, and the Monetary Authority of Singapore are announcing the establishment of temporary reciprocal currency arrangements (swap lines). These facilities, like...
