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- Asset Acceptance Capital Corp.
- Asset Acceptance Capital purchases and collects defaulted or charged-off accounts receivable portfolios from consumer credit originators. Co. acquires these receivables from consumer credit originators, which...
- Asset Acceptance Capital Corp. company page on BNET »
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- Asset
- any tangible or intangible item to which a value can be assigned. Assets can be physical, such as machinery and consumer durables, or financial, such...
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- CBH Shareholders Approve asset Spin-off
- CBH Resources Ltd shareholders have voted in favour of spinning off several of the company's assets into a new entity, Kimberley Metals, which is expected to list on the Australian stock exchange in four to six months.One of these assets is the Constance Range iron ore deposit in Queensland,...
- News items 2008-05-02
- UK Firm Bracing For Aussie's Departure
- London-based GLG Partners is reportedly bracing itself for the possible loss of more than $US4 billion ($A4.2 billion) in investment assets as a result of star Australian fund manager Greg Coffey's departure.GLG chairman and chief executive Noam Gottesman told shareholders the hedge fund had suffered $US1.7 billion ($A1.8 billion)...
- News items 2008-05-08
- Icon in Talks to Develop Coal Bed assets
- Junior explorer Icon Energy Ltd says the company is in discussions with a number of parties about the development of its coal bed methane assets in Queensland.Icon said that it is "involved in negotiations with several parties in regard to the development of its coal bed methane assets in...
- News items 2008-05-09
- Quarter of assets Are Recoverable: OPI
- MFS Pacific Finance, now called OPI Pacific Finance, says that only about a quarter of assets may be recoverable, leaving a shortfall of $334.8 million to pay creditors and investors.The company is posting out details later Friday about a moratorium proposal to give it access to an immediate $23m...
- News items 2008-05-02
- HSBC Rebel Urges Independent Adviser For U.S. Arm
- LONDON (Reuters) - HSBC HSBA is underestimating problems at its troubled U.S. consumer finance arm, a rebel shareholder said on Monday and called on the bank to appoint an independent financial advisor to consider options for the unit. Activist hedge fund investor Knight...
- News items 2008-05-12
- Morgan Stanley Raises Billions For Infrastructure
- By Aarthi Sivaraman and Mathieu Robbins NEW YORK/LONDON (Reuters) - Morgan Stanley MS and a fund set up by General Electric GE and Credit Suisse CSGN said on Monday they had collectively raised almost $10 billion for funds to invest in infrastructure. Morgan...
- News items 2008-05-12
- Citi to Form Alternative asset Group: Report
- NEW YORK (Reuters) - Citigroup Inc C is forming an "alternative asset group" within its investment bank to cater to private equity and infrastructure funds, combining two of its units, the Wall Street Journal said, citing an internal bank memo. Chad...
- News items 2008-05-07
- StanChart Plans 10,000 More Staff
- By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Standard Chartered STAN said it has made a strong start to 2008 as Asian markets held up well and expects to add at least 10,000 staff this year, in contrast to contraction among rivals caused by...
- News items 2008-05-07
- Lloyds TSB Says on Track Despite Writedown
- By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Lloyds TSB LLOY said it should deliver a good performance in the first half and had no need to follow rivals and ask investors for funds despite taking another 387 million pound writedown. Lloyds, the country's...
- News items 2008-05-06
- Verizon Wireless completes SureWest acquisition
- Verizon Wireless has completed its acquisition of the wireless assets of independent US communications holding company SureWest Communications. Under the terms of the previously announced sale, the operating assets of SureWest's wireless business, including spectrum licenses, have been transferred to Verizon Wireless for an aggregate cash purchase price of...
- News items 2008-05-12
- Mortgage Credit Losses Could Total $500 Bln: Goldman
- NEW YORK (Reuters) - 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 tightening in 2008 or 2009, according...
- News items 2008-05-09
- Citigroup Aims to Shed $400 Billion of assets
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters UK) - Citigroup Inc said on Friday it plans to shed $400 billion (205 billion pounds) of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after...
- News items 2008-05-09
- Citigroup Aims to Shed $400 Billion of assets
- By Jonathan Stempel and Dan Wilchins NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge...
- News items 2008-05-09
- HSBC Profit Up But Bad-debts Jump
- By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Europe's biggest bank, HSBC Holdings HSBA, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion (2.6 million pounds) in hits from bad debts on U.S....
- News items 2008-05-12
- Legg Mason Posts First-ever Loss
- By Muralikumar Anantharaman BOSTON (Reuters) - Legg Mason Inc LM posted on Tuesday a wider-than-expected quarterly loss, the U.S. money manager's first loss ever, as it took a big charge related to a bail-out of money market funds exposed to risky securities and...
- News items 2008-05-06
- BlackRock CEO Fink Awarded $41.87 Million in 2007
- WASHINGTON (Reuters) - BlackRock Inc BLK Chairman and Chief Executive Laurence Fink received $41.87 million in compensation in 2007, a 27 percent increase from the prior year, according to a regulatory filing on Monday. The pay raise came during a year when the...
- News items 2008-04-28
- Aberdeen Buys Goodman Property Investors
- LONDON (Reuters UK) - Aberdeen Asset Management ADN said on Tuesday it would become one of the world's ten biggest property asset management firms after agreeing to buy Goodman Property Investors GPI for around 89 million pounds. The fund manager said the acquisition of rival GPI...
- News items 2008-05-06
- Now Haircuts Enter the Language of Crisis
- LONDON (Reuters UK) - The sub-prime crisis has added almost as much to armchair investors' financial vocabulary as it threatens to do to their mortgage repayments. Newly au fait with SIVs and conduits, they now have another term at their disposal -- a haircut. The Bank...
- News items 2008-04-21
- AMD Still Mum on Its 'asset Smart' Strategy
- The wait for AMD to outline its so-called "asset smart" strategy continues. AMD CEO Hector Ruiz in his annual shareholder meeting address failed to add any more detail about its manufacturing strategy going forward. AMD outlined its new server roadmap on Wednesday. In many respects, Ruiz...
- Blog posts 2008-05-08
- Market Timing Strategies
- Market timing strategies involve moving between risky assets, such as stocks or bonds, and less risky short term securities like Treasury Bills based on "technical", "fundamental" or "quantitative" analyses. Reduced to its core proposition, market timing means "buying low and selling high." Identifying high or "overvalued" versus low or "undervalued"...
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