401K Cash

Credit Suisse Hires JPMorgan’s Wilson for Australian Equities

Admin — Tue, 11 May 2010 02:05:30 +0000

Credit Suisse Group AG hired ex- JPMorgan Chase & Co. banker Tom Wilson to bolster its Australian equity sales, the bank said in a note to employees.

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Stock Market Rebounds

Admin — Tue, 11 May 2010 04:05:37 +0000

Stock Market rebounds after last week’s plunge. Economists say 401k investors have much to look forward to. Advisors say the last 4 days have been an emotional roller coaster on Wall Street. Justin Willis reports.

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Mizuho Said to Plan 1 Trillion Yen Share Sale to Boost Capital

Admin — Tue, 11 May 2010 02:05:01 +0000

Mizuho Financial Group Inc. plans to sell about 1 trillion yen ($11 billion) in new common shares to bolster its capital, said a person with knowledge of the plan.

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Telefonica Offers $7.3 Billion for Portugal Telecom Vivo Stake

Admin — Tue, 11 May 2010 02:05:46 +0000

Telefonica SA, Europe’s second- largest phone company, said it offered 5.7 billion euros ($7.3 billion) for 50 percent of Portugal Telecom SGPS SA’s Brasilcel NV, which owns a stake in Vivo Participacoes SA.

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Euro Erases Gains From Loan-Package Announcement

Admin — Tue, 11 May 2010 05:05:47 +0000

The euro weakened against the dollar, losing all gains after an unprecedented loan package announced by the 16-nation region for its most-indebted members.

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Priceline Forecast Trimmed by Greek Financial Crisis, Weak Euro

Admin — Tue, 11 May 2010 02:05:25 +0000

Priceline.com Inc., the second- biggest online travel agency, said second-quarter profit will fall short of analysts’ estimates after the euro weakened and a political crisis in Greece threatened consumers’ travel plans.

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Arizona Boycotts Could Hurt State’s Bond Rating, Moody’s Says

Admin — Tue, 11 May 2010 05:05:03 +0000

Arizona, where a new law aimed at cracking down on illegal immigration has drawn boycott threats, could see its bond rating hurt if protests harm the tourism industry, Moody’s Investors Service said.

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SEC Meeting With Exchange CEOs Yields No Cause for May 6 Plunge

Admin — Tue, 11 May 2010 04:05:55 +0000

Heads of the biggest U.S. trading venues meeting with the Securities and Exchange Commission today could provide no clear reason for last week’s stock-market selloff, two people familiar with the matter said.

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Roman Polanski Loses Request to Release Prosecutor’s Testimony

Admin — Tue, 11 May 2010 05:05:25 +0000

Roman Polanski lost a bid to release testimony by a former prosecutor which he claims shows that the Los Angeles District Attorney is misleading the Swiss government about the sentence he faces for a 1977 sex crime.

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Investing Around Europe’s Sovereign Debt Crisis

Admin — Mon, 10 May 2010 04:05:28 +0000

Facing euro zone turmoil, fixed-income pros see higher-quality assets in emerging market government debt, selected corporate issues, and ETFs

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