42 min ago | Institutional Investor
Morgan Stanley Launches Alpha Fund
“For investors seeking to diversify their portfolio, we believe this strategy may be an attractive opportunity for direct, actively managed exposure to the commodities asset class with the potential for incremental returns.”
Morgan Stanley Investment Management has launched an actively managed mutual fund called Morgan Stanley Commodities Alpha Fund that caters to high-net-worth investors. via Institutional Investor
4 hrs ago | WNED.org
Michael Jackson says ranch foreclosure averted
Entertainer Michael Jackson said on Sunday a foreclosure sale on his Neverland Ranch set for this week was averted after a loan on the California property was sold to Colony Capital, a large real estate ... via WNED.org
9 hrs ago | David Smith's EconomicsUK.com
Why high oil prices aren't squeezing us more
It is hard to keep up with the price of oil. No sooner have we got used to $100 a barrel than it is in the $120s. Will the price rise to $150, $200 or even $300 a barrel? How far can it rise without doing ... via David Smith's EconomicsUK.com
13 hrs ago | The Cincinnati Enquirer
“It is going to be a drag if we continue to get rising prices. The oil price is just symptomatic of a broader trend.”
NEW YORK - Wall Street tumbled Wednesday on a trifecta of bad news. Financial shares sank on concern that new disclosure requirements for investment banks would limit their profits. via The Cincinnati Enquirer
17 hrs ago | The Age
Motorists to pay for carbon scheme
“If the cost of the trading scheme adds to the price of petrol then obviously it will put pressure on inflation”
AN EMISSIONS trading scheme is likely to increase petrol prices by about 10 cents a litre, adding pain for motorists and challenging the Reserve Bank's goal of reining in inflation by 2010. via The Age
21 hrs ago | Reuters
Unstoppable oil, gold, lifts resource shares
Oil's relentless surge to a new peak above $124 weighed on Asian shares on Friday, while a stronger yen pressured Japanese exporters, such as Toyota Motor. via Reuters
Yesterday | BNET
Mortgage Credit Losses Could Total $500 Bln: Goldman
“If anything, they may come under pressure to ease further, though at present this is not our base case.”
Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy ... via BNET
Saturday | International Herald Tribune
“We get called on all the time, but it's often not public”
One Saturday morning in March, Laurence Fink got some urgent news: Wall Street needed his help. via International Herald Tribune
Saturday | Reuters
Yahoo investor ire not seen triggering proxy fight
“The bottom line is that shareholders need some new representation”
Yahoo investors who wanted to accept a Microsoft buyout are not seen as likely to try to oust the board, and instead seem to be channeling their ire through lawsuits and a campaign to turn July's annual meeting ... via Reuters
Saturday | Earth Times
Bear Stearns investors drop bid to block buyout
“We think that monetary recovery is all that is really available to the Bear stockholders at the end of the day.”
Bear Stearns Cos Inc shareholders suing over the planned JPMorgan Chase & Co. takeover are dropping efforts to block the deal but will seek damages of at least $2.8 billion, an attorney for the plaintiffs said ... via Earth Times