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Financial Planning
planning the acquisition of funds to finance planned activities
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Prudential Hires Former ABN Exec as Asia Fund CEO
By Jeffrey Hodgson HONG KONG (Reuters UK) - Prudential (PRU) has named former ABN AMRO executive Arne Lindman as the new head of its $74 billion (37.5 billion pound) Asian fund arm, ending a nearly year-long hunt for a permanent chief executive. The former CEO of...
Tags: ABN AMRO, Prudential Insurance Company Of America, Fund Manager, CEO, Financial Planning, BlackRock Inc., Prudential Insurance Company of America, UBS AG
News items 2008-05-06
Insurer AIG Has $7.8 Bln Q1 Loss, to Raise Capital
By Lilla Zuill NEW YORK (Reuters) - American International Group Inc (AIG), the world's largest insurer, posted its largest ever quarterly loss on Thursday after writing down assets linked to subprime mortgages, and said it would raise $12.5 billion to strengthen...
Tags: Asset management, Insurance, Financial services, Financial accounting, Financial Planning, American International Group Inc., derivatives, quarterly loss, insurance company, balance sheet, dividend, CFO, asset, mortgage, analyst, risk assessment, Thomson Reuters Corp., Ne
News items 2008-05-08
Aussie Trade Deficit at $2.736b in March
Better weather in Australia's resources rich states helped exports spring back to life in March, resulting in an improved trade deficit, economists say.The Australian balance of goods and services was a deficit of $2.736 billion, seasonally adjusted, in March, from a downwardly revised $3.261 billion in February, figures from...
Tags: Coal, Australia, Interest Rate, Economist, March, February, Financial Planning, Financial Services, Finance, AAP
News items 2008-05-06
Buffett's Berkshire to Look at RBS Insurance Unit
OMAHA, Nebraska (Reuters UK) - Warren Buffett said on Sunday his Berkshire Hathaway (BRKa)(BRKb) insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland's (RBS) possible divestiture of its insurance unit. Earlier Sunday, the...
Tags: Warren Buffett, Buffett, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, Oukbs
News items 2008-05-04
D.R. Horton Posts $1.3 Billion Loss; Cuts Dividend
By Ilaina Jonas NEW YORK (Reuters) - D.R. Horton Inc (DHI), the largest U.S. home builder, halved its dividend and posted a quarterly loss of $1.3 billion on Tuesday as it wrote down the value of its land and unsold homes after cutting...
Tags: Mortgages, Freddie Mac, writeoff, quarterly loss, mortgage, home construction, California, analyst, New York, stock, Thomson Reuters Corp., cold calling, payroll, security
News items 2008-05-06
Bankinter Seeks to Buy RBS Out of Spanish JV
LONDON (Reuters UK) - Spain's Bankinter (BKT) has approached Royal Bank of Scotland (RBS) about buying its stake in the Linea Directa 50-50 joint venture, the Sunday Times said. The newspaper, without citing sources, said the approach by Bankinter valued the Spanish motor insurance venture...
Tags: Bankinter, RBS, Insurance, Financial Planning, Asset Management, Balance Sheets, Business Operations, Corporate Insurance
News items 2008-05-04
Fannie Mae Posts Another Loss
NEW YORK (Reuters UK) - Fannie Mae (FNM), the largest provider of U.S. home financing, on Tuesday reported its third straight quarterly loss as the U.S. housing crisis took another turn for the worse during the first quarter of 2008. The federally chartered company also said...
Tags: Fannie Mae, Home Price, Mortgages, Financial Planning, Financial Accounting, Finance, Capital Structures, Freddie Mac
News items 2008-05-06
Rentokil Profit Slumps
By Mark Potter LONDON (Reuters UK) - Pest control to parcel delivery group Rentokil Initial (RTO) expects to slash its dividend this year after first-quarter profit more than halved, it said on Friday. The services group, which has issued three profit warnings since December, announced...
Tags: Acquisition, Dividend, Financial Planning, Mergers & Acquisitions, Financial Accounting, Corporate Law, Finance, Amazon.com Inc.
News items 2008-05-02
2008 Growth Outlook Deteriorated: Blue Chip
WASHINGTON (Reuters) - Even with some signs of improvement in the U.S. financial markets and a temporary boost from the economic stimulus package, the growth outlook for the second half of this year has deteriorated, according to a panel of economic...
Tags: Corporate communications, stimulus, economist, interest rate, business investment, Washington, newsletter, Thomson Reuters Corp., survey, performance
News items 2008-05-09
Insolvencies Fall 13.2 Percent in First Quarter
LONDON (Reuters UK) - More than 25,000 people declared themselves insolvent in England and Wales in the first three months of the year, government figures showed on Friday, but that was 13.2 percent lower than in the same period last year. The Insolvency Service said personal...
Tags: Interest Rate, Quarter, Financial Planning, Financial Services, Finance, Oukbs
News items 2008-05-02
Greenspan Says Worst of Credit Crisis Over: Sources
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to sources who attended a speech he delivered in New York. Greenspan also said house prices still had a long...
Tags: Alan Greenspan, New York, chairman, Thomson Reuters Corp., conference, interest rate, real estate, U.S.
News items 2008-05-08
IAG Lowers FY Earnings Guidance
Takeover target Insurance Australia Group Ltd (IAG) has downgraded its full year earnings guidance for the second time this financial year, blaming high storm costs, widening credit spreads and soft UK personal and Australian commercial lines markets.Australia's biggest insurer of homes and cars now expects an annual insurance margin...
Tags: U.K., Pricing Strategy, IAG, Insurance Margin, Insurance, Financial Planning, Pricing, Business Operations, Corporate Insurance, Finance, Marketing, AAP
News items 2008-04-28
Fannie Mae Posts Loss, to Cut Payout
By Lynn Adler NEW YORK (Reuters) - Fannie Mae (FNM) on Tuesday posted a massive quarterly loss, its third straight, on the protracted U.S. housing market slump, prompting it to slash its dividend and set plans to raise $6 billion of fresh funds....
Tags: Financial Planning, Financial accounting, Fannie Mae, dividend, quarterly loss, Freddie Mac, straight, housing market, mortgage, conference call, New York, capital market, Thomson Reuters Corp., stock, financial service, payment, financial, industry
News items 2008-05-06
Auto Lending Pulling Down Profits at GMAC
Despite sharper collection practices that at least kept the number of delinquent accounts from growing, profits fell in the first quarter for the auto lending part of GMAC Financial Services -- another sign that the credit crisis is spilling over into the car industry. Like Ford Credit  on April 24,...
Tags: Chrysler LLC, Mortgages, Financial Planning, Financial Accounting, Finance, Capital Structures, Jim Henry
Blog posts 2008-04-30
Marsh & McLennan Posts Loss on Kroll Write-down
NEW YORK (Reuters) - Marsh & McLennan Cos (MMC), which runs one of the world's largest insurance brokerages, on Wednesday posted a first-quarter loss, as it wrote down the value of its Kroll risk consulting and technology unit. The net loss totaled $210...
Tags: Outsourcing, Aon Corp., consulting, insurance, casualty insurance, commercial property, New York, quarterly revenue, operating profit, Thomson Reuters Corp., private equity, quarterly profit, CEO, security
News items 2008-05-07
Business Confidence 'lowest Since 2001'
Business confidence is now at its lowest level in seven years, since the aftermath of the dot com crash in 2001, as firms struggle to cope with decade-high interest rates, a quarterly survey shows.Financial market volatility is also affecting small, medium and large companies, with only mining companies bucking...
Tags: Interest Rate, Confidence, Business Confidence, Financial Planning, Smb/Sme, Financial Services, Finance, AAP
News items 2008-04-28
Allianz Considering Big UK Acquisition
LONDON (Reuters UK) - German insurer Allianz SE (ALVG) is considering a big acquisition in the British general insurance market, The Financial Times reported on Friday. Allianz was not immediately available for comment. The FT quoted Allianz management board member Clement Booth as saying Allianz was...
Tags: Board, Corporate Governance, Insurance, Financial Planning, Business Operations, Corporate Law, Corporate Insurance, Finance
News items 2008-05-01
Consumer Morale Hits Series Low in April
LONDON (Reuters UK) - Consumer morale fell in April to its lowest since records began four years ago as confidence in the economy continues to slide, the Nationwide building society said on Wednesday. Nationwide's consumer confidence index fell to 70 last month from 77 in...
Tags: Interest Rate, Consumer Confidence, Survey, Morale, Financial Planning, Financial Services, Marketing Research, Finance
News items 2008-05-06
Bank of England Set to Hold Rates
By Christina Fincher LONDON (Reuters UK) - The Bank of England looks more likely to leave interest rates on hold rather than cut them later on Thursday, but a stream of dismal data over recent days has made the decision a close call. Only five of...
Tags: Interest Rate, Economist, Bank Of England, Inflation, Currency & Foreign Exchange, Financial Planning, Financial Services, Finance
News items 2008-05-07
Conn AG Credit Probe Covers Berkshire Hathaway: Report
NEW YORK (Reuters) - Billionaire investor Warren Buffett's Berkshire Hathaway (BRKa) is being examined as part of the Connecticut Attorney General's probe into conflicts of interest in the credit rating industry, the Financial Times reported on Friday. Connecticut Attorney General Richard...
Tags: Berkshire Hathaway Inc., Richard Blumenthal, Connecticut, Warren Buffett, attorney general, Financial Times, municipal bond, New York, investor, bond, Thomson Reuters Corp., industry, agency
News items 2008-05-02
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