Monthly Archives: August 2003

Comcast, the largest U.S. cable operator, has posted a narrower second-quarter loss and reported solid gains in revenue and cash flow. Wall Street was generally pleased with the figures on Thursday,particularly because the company also raised its forecast for increases […]

It looks like returns on asset-backed securities will fluctuate this month, as investors move in and out of various segments of the bond market. Although asset-backed spreads appear on track to remain relatively stable for the next few weeks, prices […]

A newly formed asset-management shop wants to purchase lower- rated asset-backed securities and package them into collateralized debt obligations. The firm, StoneCastle Partners, was founded by Citigroup alumnus Joshua Siegel and two undisclosed partners. Its plan is to buy asset- […]

Models for Investors in Real World Markets, by James R. THOMPSON, Edward E. WILLIAMS, and M. Chapman FINDLAY, III, Hoboken, NJ: Wiley, 2003, ISBN 0-471-35628-X, xxi + 372 pp., $84.95. The most common cocktail party comment that I receive, when […]

Waiting for the ‘All Clear’? We try to make sense of the past to identify good investment behavior for the future. We’re cautious because of the beating stocks have taken after the bubble. We fear that unforeseen political events or […]

Nigeria’s debt at 31 billion US dollars: official LAGOS, Aug. 1 (Xinhua) — Nigeria’s debt profile has been put at 31 billion US dollars, local newspaper This Day on Friday quoted Charles Soludo, economic adviser to President Olusegun Obasanjo, as […]

Tokyo, Aug. 1 (Jiji Press)–The dollar retained its strength above 120 yen in Tokyo Friday amid a wait-and-see mood ahead of the releases later in the day of major U.S. economic indicators like Julyjobs data. At 5 p.m., the dollar […]

NEW DELHI, Aug. 1 (IPS/GIN) — India’s exporters are worried by a phenomenon not seen in decades – the steady appreciation of the rupee over the dollar and foreign exchange reserves hovering abovethe $80 billion mark. Particularly concerned at the […]

On paper, Multi-Color Corp.’s latest acquisition doesn’t look like much. The Cincinnati-based label and packaging company in July acquired the heat transfer label business of International Playing Card & Label Co. for an undisclosed amount. With just a few million […]

Aug. 1–The SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as a source of funds for small and medium-sized enterprises. Many of the state-initiated fund’s potential clients have instead sought financing […]

Call it the retailization of hedge funds. Once limited to investors who could afford to plunk down upwards of $1 million, hedge funds–those private investment pools that employ a variety ofsophisticated (and sometimes risky) techniques in an attempt to make […]