Archive for September, 2010
China’s report last week of a 7.9% surge in second-quarter GDP cheered investors such as Samantha Ho, Hong Kong-based manager of AIM China Fund….
Successful investing starts with knowledge. Here are the basics to get your portfolio on the right path.
T. Rowe Price Group, Inc. today reported its second quarter 2009 results, including net revenues of $442.2 million, net income of $100.0 million, and diluted earnings per share on common stock of $.38.
WILMINGTON, Del.—-Wilmington Trust Corporation reported a loss of $9.1 million, or $0.20 per common share, for the second quarter of 2009. This was caused primarily by securities losses of $23.4 million on pooled trust-preferred investment securities .
GUERNSEY, Channel Islands—-KKR Private Equity Investors, L.P. today announced the commencement of the consent solicitation of the KPE unitholders in connection with the transaction to combine the businesses of KPE and KKR & Co. L.P. whereby KPE would receive interests representing 30% of the outstanding equity in the combined business and the balance of the equity would be owned by KKR’s existing owners and employees.
In the bank bailout merry-go-round, the government has spent billions helping out financial institutions — and a handful of them have turned around and paid the money back.
U.S. criminal authorities are probing whether Corey Ribotsky, Managing Member of NIR Group, a Roslyn, New York hedge-fund, defrauded investors about their returns and the holdings of his various funds, the Wall Street Journal reported, citing people familiar with the matter.
Fortress Investment Group , among the largest private equity and hedge fund firms, is looking to go on an acquisition drive, the Financial Times said, citing a memo passed to Fortress staff.
LAS VEGAS—-Western Alliance Bancorporation announced today its financial results for the second quarter 2009.
NAPLES, Fla.—-TIB Financial Corp. , parent company of TIB Bank, The Bank of Venice and Naples Capital Advisors, leading financial services providers serving the greater Naples, Bonita Springs, Fort Myers and Cape Coral areas, South Miami-Dade County, the Florida Keys and Sarasota County, today reported a net loss before dividends on preferred stock for the three months ended June 30, 2009 of $4.9 million compared to a net loss of $4.0 million for the second quarter of 2008.
