“They are building massive amounts of infrastructure,” said Lynn Price, a scientist in the China Energy Group at Lawrence Berkeley National Laboratory, a U.S. Department of Energy research lab. “It takes incredible amounts of these energy-intensive commodities.” China’s growth in infrastructure is booming. Over the next 15 years it is going to build and rebuild ...
Major Investment firms have been asked to provide confidential information as part of an insider-trading probe. Janus Capital Group, Wellington Management and SAC Capital Advisors have been amongst those that were asked to open up their books in order to check for insider trading on Wall Street. These New York, Boston and Denver high-profile investment ...
Advantage Capital Partners has given $3.3 million to Hospice Partners of Texas. Through this investment the leading small business finance and venture capital firm will enable the company to acquire Alamo Hospice and keep all full time and part-time staff in the San Antonio region on board. Les Alexander, senior vice president at Advantage Capital ...
General Motors Co. is back. This news of a company, which was on the New York Stock Exchange for almost a century and then went bankrupt last year are very surprising. On November 18th, 16 months after it went bankrupt it returned to public trading after raising more than $20 billion in an initial public ...
The new way to get large payouts seems to be to invest in lawsuits. Hedge funds, large banks, and private investors are funding other people’s lawsuits, spending millions of dollars on medical malpractice claims, divorce conflicts and class actions against corporations. Most investments made are going towards small cases, but these add up to at ...
A year ago the investment-banking industry lost its credibility with the public and politicians. It paid bumper bonuses after the financial crisis leading to investment banker’s loss of reputation. Bonuses were paid from profits maintained by public subsidies, either by central-bank interventions and government guarantees or directly through bailouts. Investment banks were run lead by ...
Signs of Apple Inc. purchasing Boku Inc., a San Francisco company that enables consumers to charge purchases to their mobile phone bill are supporting the speculations about the iPhone as a payment tool. Back in April Apple revealed its plans for allowing a near-field-communication-enabled mobile device to be used to purchase physical goods in several ...
Stocks hit rock bottom on Wednesday morning when uncertainty over the size of the Federal Reserve’s next round of Treasury purchases prevailed. Over the course of the day stocks recovered and ended recording a worth much higher than the day’s low. This alarm in the market on Wall Street was caused by a Wall Street ...
The holiday season is coming up and hopes for increasing consumer-spending leads to an increasing faith in the stock market. On October 26th, stocks were narrowly mixed in trading after the increasing consumer confidence offset disappointing news on home prices and earnings. The housing market is a major concern and does not show many signs ...
Economy and banks are thriving in a booming developing world. The big U.S. banks JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are locked out of the world’s fastest-growing banking markets, specifically Asia. The U.S. as well as the European banking markets are tending to be two of the slowest growing ones. Analysts say ...
How can you be more creative at work? Is there a way to foster creativity? Can we captivate the...
Great energy saving tips that can cut utility cost by 500K in one district, tweeted by Energy...
Residential and commercial buildings in the Manhattan fell to $5.49 million in 2011 from a peak of $6.33 million...
Donald Trump is about to invest in the Indian property market with his new project in Mumbai. Trump is not the only one that has taken interest in the Asian market. In 2009, American real estate giant and CEO of Island Capital Group, Andrew Farkas, invested in a project with a property developer to build luxury marina facilities along the Dubai waterfront. The Asian real estate market has been very lucrative, which is now shown by Trump’s 65-storey Trump Towers project. Indian real estate firm, Rohan Lifescapes, is going to execute the plan and build the towers, which will officially launch when Trump takes his trip to India in the near future. Chairman Harresh Mehta named it an ‘iconic project.’ He discusses the future of the building that will become a 3,00,000-square-foot complex with 45 spacious apartments. In addition to the number of apartments, the main features of the building are going to be a luxury spa, gymnasium and mini-theatre next to a hi-tech security system. "The bookings would start in February and we expect good response."