Energy pushes the Dow to 2009 highs October 15, 2009 The Dow industrials and the S&P 500 climbed yesterday to 2009 closing highs, buoyed by energy stocks as oil prices jumped, but financials retreated as investors panned results from Goldman Sachs and Citigroup. The Nasdaq eked out a slim gain, but shares of big-cap tech companies, including Apple and Google, dragged. Google lost 1 per [...]
Timing is everything when you choose to study for an MBA October 14, 2009 RESOLVING to take significant time out of your career to study for an MBA is one of the biggest decisions you can take, and one that involves a whole host of other choices – what kind of MBA to take, what school and even what country to study it in, and, perhaps most importantly, when [...]
Cash-strapped MBA students look for money in new places October 14, 2009 THE topic of student funding is likely to be one of the major issues facing business schools over the next few years. While MBA students studying in their home countries can still rely on the traditional funding structures – ie, loans from banks – those who study in countries far from where they have been [...]
Shift to low-carbon economy will boost clean technology prospects October 14, 2009 INVESTING in clean technology used to be perceived as an activity that was primarily the domain of slightly hippy do-gooders with little interest in high-yielding returns. But any lingering misconceptions of tree-huggers and poor returns were swept away earlier this week when billionaire George Soros said he planned to invest $1bn in clean-energy technologies over [...]
GEAR UP YOUR EXPOSURE TO RECOVERY October 14, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKINGa LAST year there were hopes that emerging markets, particularly in East Asia, had decoupled from the crisis that was plaguing the most developed economies in the world. But they did not remain immune from the global downturn and stock markets saw sharp falls. But [...]
Return of optimism bolsters FTSE as JP Morgan cheers October 14, 2009 BRITAIN’S top share index surged 2 per cent yesterday, hitting its highest closing level in more than a year, as quarterly earnings from JPMorgan Chase and Intel lifted investor's sentiment. The FTSE 100 ended up 101.95 points higher at 5,256.10, after closing 1.1 per cent weaker on Tuesday. The UK benchmark, which tumbled more than [...]
Dow above 10,000 on surprise results October 14, 2009 THE Dow industrials pierced the 10,000 level yesterday for the first time in a year on surprisingly robust company results and better-than-expected retail sales. With major indexes up more than 1 per cent, the Dow’s milestone shows how far the market has come since last year when investors fled collapsing financial markets as the economic [...]
EU red tape slowing down M&A boom October 13, 2009 THE increase in M&A activity in recent weeks has been taken in some quarters as a tentative sign of economic recovery. The potential Kraft and Cadbury deal, Disney’s $4bn acquisition of Marvel, health company Johnson & Johnson’s purchase of 18 per cent of Dutch biotech business Crucell, and Ticketmaster’s attempt to buy Live Nation are [...]
LAST CHANCE TO PLACATE THE TAX MAN October 13, 2009 SIMON NEWSHAMNEWSHAMS TAX SOLICITORS TAXPAYERS with unpaid taxes on foreign interests have been offered an amnesty by HM Revenue & Customs (HMRC), but time is running out for them. The amnesty, known as the New Disclosure Opportunity (NDO) allows UK resident individuals and companies with unpaid taxes on offshore bank accounts or overseas assets, including [...]
Changing oil currency wouldn’t hurt the buck October 13, 2009 QUESTIONING the dollar’s status as a global reserve currency has become almost de rigueur in the past few weeks. In fact, it has been an ongoing discussion for some months now. It was discussed at the G20 meeting in Pittsburgh at the end of September and then a news report last week suggested that the [...]
