Tag Archive
Interest In Cash For Clunkers Declines 15
NEW YORK: After sparking an initial rush to showrooms, the Cash for Clunkers program seems to be running out of fuel.Interest in Cash for Clunkers has fallen 15% since its peak, and car purchase intent could fall to pre-Clunkers levels by next week, an auto research group said Tuesday.Under the Clunkers program, which launched July… »
Investing In Mutual Funds That Use Hedge Fund Strategies
NEW YORK (Fortune) — For retail investors who want to put money into the hedge-fund-like vehicles, the options continue to grow.Back in March, Fortune reported that AQR Capital Management — one of the industry’s biggest names — offered its first mutual fund: the Diversified Arbitrage Fund. In May, investment manager Turner Investment Partners launched the… »
CIT In Talks With JPMorgan Goldman
NEW YORK (Reuters) — CIT Group Inc. is in talks with JPMorgan Chase & Co. and Goldman Sachs Group Inc. about short-term financing as it looks for ways to avoid bankruptcy, a source close to the company said on Friday, sending the lender’s shares and bonds up.CIT (CIT, Fortune 500) — a 101-year-old lender that… »
Investing In Chinas Growth Potential
(Fortune Magazine) — As the U.S. stock market tosses and turns, sustainable growth — both in corporate profits and economic output — seems far off. In China, on the other hand, recovery already seems to be a reality: Real estate, auto, and industrial sales have all bounced back this year, driving stocks on the Shanghai… »
1 In 6 British Airways Staff Agree To Take Pay Cuts
LONDON (CNN) — More than 1 in 6 British Airways staff have agreed to work for free, take unpaid leave or work part-time, the airline said Thursday after the announcement of cost-cutting measures last week.”This is a fantastic first response. I want to thank everyone who has volunteered to help us pull through this difficult… »
Barnstorming In Antique Aircrafts
EL CAJON, CALIF.(Fortune Small Business) — Wearing an antique leather flight suit and sneakers, Bill Allen inserts a steel crank into the cowling of his 1930 Stearman biplane and leans his weight against the handle. The machine emits a faint whirling sound that grows in pitch until it blares like an air-raid siren. Allen steps… »
CBO In Hot Seat On Health Care Reform
NEW YORK: Ah, summer: Time to enjoy a quiet vacation. Kick back with a good book. Walk on the beach.Not Douglas Elmendorf. He’ll spend the next two months suffering voodoo-eyes from powerful people on Capitol Hill.Elmendorf is director of the Congressional Budget Office, the ordinarily low-profile federal agency that will estimate how much money health… »
Interest In Property up Again
Interest in property ‘up again’
Rising interest from potential buyers coupled with falling numbers of sellers is stabilising UK house prices, according to surveyors.New buyer inquiries increased for the seventh month in a row in May – at the fastest rate since 1999, said the Royal Institution of Chartered Surveyors. But there were fewer sellers, continuing… »
Barclays In Fund Management Talks
Barclays in fund management talks
Barclays has said that it is in talks with “a number of parties” about the sale of its Barclays Global Investors (BGI) fund management business.Blackrock, a US money management firm, are among those interested, Barclays said, adding talks were continuing. Earlier this year, Barclays got rid of a crucial part of… »
Hornby In Talks On Top Boots Job
Hornby in talks on top Boots job
The UK High Street’s biggest chemist chain, Alliance Boots, is in talks with former HBOS boss Andy Hornby as it seeks to appoint a new chief executive.Mr Hornby, in charge of HBOS at the time of the bank’s near-collapse last autumn, is among several candidates for the post. Before… »