| Jefferies Adds Healthcare Research Analyst
NEW YORK, April 10 /PRNewswire/ -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE:JEF) , today announced the hiring of Peter J. Bye as a Managing Director and Senior Equity Research Analyst covering medical devices & diagnostics companies. Mr. Bye has nearly a decade of experience in healthcare research and joins Senior Equity Research analyst, Mark J. Richter, to further expand Jefferies' coverage of these rapidly growing industries. Jefferies' global coverage of the healthcare sector includes biotechnology, facility-based services, healthcare IT services, specialty services and supplies, managed care, pharmaceutical services, and specialty pharmaceuticals. Jefferies' broader focus on the global healthcare sector also includes six dedicated securities traders and nearly 35 investment banking professionals focused on healthcare services and life sciences.
UBS Brings THE PLAYERS Championship to Rockefeller Center May 4-13
NEW YORK, April 9 /PRNewswire/ -- Beginning Friday, May 4 through Sunday, May 13, visitors to Rockefeller Center will have the opportunity to take the most intimidating shot in golf at The UBS Golf Challenge: Experience THE PLAYERS Championship. The scaled replica of THE PLAYERS Stadium Course's iconic island 17th hole will serve as the centerpiece to an interactive exhibit made possible by UBS, a Proud Partner of THE PLAYERS, and hosted by Tishman Speyer, co-owners of Rockefeller Center. The exhibit coincides with the actual tournament, which will be played May 7 - 13 at TPC Sawgrass in Ponte Vedra Beach, Florida. THE PLAYERS is one of the crown jewels on the PGA TOUR schedule, and features the strongest field in professional golf. The 1/4-scaled replica will allow fans to hit a shot to an island green surrounded by water.
Aussie stocks set all-time high; Rinker gains
SYDNEY, April 10 (Reuters) - Australian shares rose 0.7 percent to a fresh all-time high on Tuesday, led by gains in the top banks and miners and Rinker Group Ltd. <RIN.AX> after Mexico's Cemex <CMXCPO.MX> sweetened its takeover bid. Australia's benchmark S&P/ASX 200 index <.AXJO> hit a new record high of 6,124.5, outpacing its previous lifetime high of 6,097.2 set on April 4. The index was up 44.9 points to 6,122.0 by 0209 GMT. New Zealand's benchmark NZX-50 Index <.NZ50> was little changed, easing just 1.60 points to 4,183.10. The top stock, Telecom Corp. <TEL.NZ>, was up 0.4 percent at NZ$4.82. STOCKS ON THE MOVE * Australian building materials firm Rinker rose 2.2 percent to A$18.89 after it accepted an improved $15.3 billion (A$18.7 billion), or A$15.85 a share, takeover bid from Mexico's Cemex <CX.N> [ID:nN09358162].
New CA Workload Automation Solution Optimizes Dynamic And
CA (NYSE: CA) today announced the delivery of a new Workload Automation Solution designed to optimize real-time performance across diverse enterprise infrastructuresincluding both distributed and mainframe environments. By evolving its portfolio of traditional job scheduling tools into CA Workload Automation, CA is enabling IT organizations to improve control over the dynamic execution of workloads required by todays complex business processes. CA Workload Automation orchestrates the alignment of business processes and IT services by embedding automatic workload triggers into existing workflows. CAs "service-oriented automation" approach connects infrastructure components and events to the execution of business and IT processes. This service-enabling of existing jobs and processes without redesign or recoding dramatically reduces development times and improves visibility and control of business workflows.
China Citic Seeks $5.7 Billion in IPO, Testing Bank Rally
April 9 (Bloomberg) -- China Citic Bank Corp. may raise as much as $5.7 billion in the world's biggest initial public offering so far this year, testing a rally that made the nation's banks the most expensive among Asia's emerging markets. The unit of China's biggest state-run investment company plans to seek as much as 14.03 billion yuan ($1.82 billion) selling shares in Shanghai and may raise a further HK$30.17 billion ($3.86 billion) in a simultaneous Hong Kong offering, three people with knowledge of the details said. Citic Bank will offer stock at a higher valuation than peers in South Korea or India, encouraged by demand that enabled Chinese lenders and insurers to raise $61.1 billion since June 2005. Industrial & Commercial Bank of China Ltd. overtook HSBC Holdings Plc as the world's third-largest bank by market value as its stock surged in Shanghai after an October IPO.
Avoid Indian stocks for now
India's stock market appears to be capitulating, a victim of an overheating economy. Stock-market returns have discounted an economy that some say can grow at near double-digit rates, but that appears unrealistic. Equity investors will continue to be punished in the near term for their optimism as Indian interest rates are raised to slow the economy and inflation. Canadians can invest in India in several ways, but two exchange- traded funds come to mind: Blackstone Asia Advisors LLC's US$1.8-billion closed-end India Fund Inc. (IFN/NYSE) and the US$897-million Morgan Stanley India Investment Fund Inc. (IIF/NYSE). Those planning to diversify their holdings with Indian stocks should be prepared for a downturn, at least in the short term. .
Nasdaq, Philadelphia Exchange in Deal Talks
Nasdaq Stock Market Inc., in a bid to break into the fast-growing options-trading business, is in talks to buy the Philadelphia Stock Exchange, according to people familiar with the matter. A move to buy the country's third-largest options exchange by contracts traded would give the Nasdaq a sizable foothold in the options business, which is the Philadelphia exchange's forte. Exchanges like Nasdaq are rushing into the business, in which investors trade the right but not the obligation to buy or sell a security in the future. Options are increasingly popular among both individual investors and hedge funds as a way ... .
Technology is Driving Change; DMA and FIX Will Usurp Phone Trading ...
The world of investment management is changing with absolute-return strategies, portable alpha, hedge funds and yield enhancement an integral part of the everyday life of traditional portfolio management. According to TABB Group in its newest benchmark industry study, “Exchange-Traded Equity Derivatives: The Buy-side's Increasing Exposure," these changes are creating a seismic shift not only in the way exchange-traded equity derivatives – futures and options – are used but also in who trades them and how they are traded. “As an increasing number of traditional fund managers migrate from long-only to 120/20 and 130/30 portfolios and become more adept at managing risk, employing absolute return strategies and extending leverage," writes Andy Nybo, senior analyst at TABB Group and author of the study, “derivatives will become a more important part of traditional investment strategies.
Fulham 1 Manchester City 3
And the bigger club said - 'Roll over` - In a way I`d like to say that the comment left by Merlin after publication of the 'Match Stats` said it all. However, until City opened the scoring, that was far from the case.
In fact, during those first twenty-two minutes Fulham were the better team. City looked disinterested and looked as if they`d come to the River Thames for a day out rather than to compete for premiership survival. Sadly, as is often the case in football, things can change in a matter of seconds. Therefore, when Joey Barton scored that opening goal, I couldn`t help but think our future was changing for the worse.
Further blows, like daggers through the heart, from De Marcus Beasley and Darius Vassell have left our side balanced on the precipice. At the moment only the fact that three of four teams have had a worse season than us keeps us out of the relegation slots.
How Street Plays
The face of Wall Street changed back on July 14, 1982, the first time this newspaper published rankings of investment banks' merger advising and underwriting prowess. These league tables, as they later became known, treated banking as if it were a perpetual pennant race, a welcome jolt for an industry that for decades had avoided competing. Twenty-five years later, the league tables have become a beloved institution for journalists and bankers hoping to extract both meaning and bonuses from the frenzy of Street life. But the real meaning might be a farce. The tables have become home to the most ... .
|
