Archive for December, 1969

Merrill Seen Looking for More Investment (AP)

Merrill Lynch & Co. is in talks with Chinese and Middle Eastern government-sponsored investment funds which could lead to the sale of another big stake in the U.S. brokerage, according to a media report.

Chinese Gov’t Agency Pumps $20B Into CDB (AP)

China’s sovereign wealth fund has made another large investment at home, injecting US$20 billion into a state agency that is preparing to become a commercial lender, the central bank said Monday.

Modest Gain Expected For REITs In New Year (Investor’s Business Daily)

After beating the market for seven years straight, real estate investment trusts, or REITs, were smacked by the wrecking ball in 2007.

Growth Funds Outpace Value Names in 2007 (AP)

Funds dedicated to growth companies had surprisingly solid gains for 2007, withstanding market turbulence that usually pummels that volatile category of funds.

Bear Stearns CEO Sells $15.4M in Stock (AP)

Bear Stearns Cos. Chief Executive James E. Cayne sold $15.4 million of the investment bank’s stock this month, at the end of a year in which he found himself at the forefront of a global credit crisis.

Centerline Cuts Dividend, Outlook (AP)

Centerline Holding Co. cut its dividend sharply and damped its profit forecast on Friday as the company incurs costs to reinvent itself as an investment manager.

Could Big India Bets Burn These Domestic Funds? (Morningstar.com)

These funds have a lot riding on the hot Indian economy.

$10.89 Billion Pulled From Stock Funds (Investor’s Business Daily)

Investors pulled $10.89 billion out of stock funds in November as the markets sputtered amid fallout from the subprime mess.

Energy Bill, Oil Spike Push Up ‘Clean’ ETFs (Investor’s Business Daily)

Keeping it clean recently has translated to keeping the profits rolling in for many investors.

Money Funds Fall in Latest Week (AP)

Total money market mutual fund assets fell this week by $3.82 billion, to $3.111 trillion, the Investment Company Institute said Thursday.

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