Search Results for: jennifer yousfi
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Traditional Media Looks to Cash In On Fast Growing Video Game Industry
Infrastructure a Smart Bet in 2008
By Jennifer Yousfi
Managing Editor
It is estimated that India needs to invest $500 billion over the next five years to keep its economy chugging along at its current 9% rate. In fact, India could be generating another couple percentage points worth…
Fang-Temasek Partnership the Latest in a String of High-Profile Sovereign Wealth Deals
By Jennifer Yousfi
Managing Editor
In another example of the growing power of state-run investment funds, renowned Chinese dealmaker Fang Fenglei has joined forces with Singapore’s government-controlled Temasek Holdings Pte. Ltd. to launch a new $2 billion China-focused private-equity fund, reported The…
Consumer Confidence at Lowest Level in Two Years
By Jennifer Yousfi
Managing Editor
Consumer confidence has reached its lowest level since the post-Katrina period, according to the Reuters/University of Michigan preliminary index of consumer sentiment for November.
At 74.5, the index is at its lowest level since October 2005. This is bad…
Gold Posts Gains Ahead of Anticipated Fed Rate Cut
By Jennifer Yousfi
Managing Editor
Gold gained on Monday, fueled by a persistently weak dollar and anticipation of another rate cut at today’s FOMC meeting. Both spot gold and February futures were up 2% for the day.
“The trade today seems to…
AT&T Dialing Up Profits with $15 Billion Buyback and Boosted Dividend
By Jennifer Yousfi
Managing Editor
AT&T (T) announced yesterday (Tuesday) a substantial buyback plan of 400 million shares through the end of 2009 and a 12.7% increase of its quarterly dividend to 40 cents per share.
“This latest dividend increase, combined with…
Citigroup Appoints Front-Running Insider Vikram Pandit as New CEO
By Jennifer Yousfi
Managing Editor
Just one day after the possibility was reported in Money Morning, Citigroup Inc. (C) yesterday (Tuesday) named insider Vikram Pandit, 50, as its new chief executive officer.
Win Bischoff, acting CEO since the Nov. 4 ouster of CEO Charles…
Fed-Led Global Intervention Gives Investors New Hope the Day After Rate Cut Disappointment
By Jennifer Yousfi
Managing Editor
Investors who were disappointed by Tuesday’s quarter-point rate reduction by U.S. Federal Reserve policymakers were energized yesterday (Wednesday) when the central bank announced a plan to inject $40 billion in liquidity into the short-term credit markets.
The announcement –…
Citigroup's Pandit Faces Challenges, But Has Strengths Wall Street Doesn't See, Experts Say
By Jennifer Yousfi
Managing Editor
Just three short days into his tenure, newly named Citigroup Inc. (C) Chief Executive Officer Vikram Pandit has already seen his company’s stock drop more than 7%, magnifying the pain in what’s already been an agonizing year…
Citigroup Moves $49b in Assets to Own Balance Sheet; Could Be Last of the "SIV Problem"
By Jennifer Yousfi
Managing Editor
In a bold move by newly named Chief Executive Officer Vikram Pandit, Citigroup Inc. (C) will move $49 billion in assets from seven structured investment vehicle (SIV) funds onto its balance sheet.
"Our team has made great…
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