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Sebi restricts early exits from close-ended funds
Published December 5, 2008, 8:15 am, Business Standard India
The Securities and Exchange Board of India, or Sebi, today said investors will not be allowed to exit close-ended mutual fund schemes before they mature and asked fund houses to list them on stock exchanges.
Russia Weakens Ruble Defense After Record Drop in Crude to $39
Published December 5, 2008, 7:07 am, Bloomberg
Dec. 5 (Bloomberg) -- Russia weakened its defense of the ruble for a fourth time in a month, pushing the currency near a three-year low against the dollar, as the price of the nation’s crude oil fell by a record this week to less than $40 a barrel.
Comerica Continues to Participate in the FDIC Temporary Liquidity Guarantee Program
Published December 5, 2008, 6:00 am, PR Newswire via Yahoo! Finance
Comerica Incorporated today announced that it and two of its subsidiaries, Comerica Bank and Comerica Bank & Trust, National Association, have formally elected to continue their participation in the Federal Deposit Insurance Corporation Temporary Liquidity Guarantee Program.
Sebi restricts early exit from close-ended funds
Published December 5, 2008, 5:37 am, Business Standard India
The Securities and Exchange Board of India (Sebi), today said investors will not be allowed to exit from close-ended mutual fund schemes before maturity and asked fund houses to list them on stock exchanges.
The Hartford Holds New York Investor Meeting
Published December 5, 2008, 5:30 am, Business Wire via Yahoo! Finance
HARTFORD, Conn.----The Hartford Financial Services Group, Inc. : Company increases 2008 guidance range to $4.70 to $4.90 Operating businesses continue to perform well in challenging environment, reflecting strong underwriting in P&C Operations and sharpening of focus in Life Operations Year-end capital outlook for company’s Life and Property and Casualty Operations remains strong
ING Real Estate makes cuts
Published December 5, 2008, 5:00 am, The Australian
ING Real Estate has slashed distributions and will embark on capital raisings across its listed trust stable.
Royal Bank of Canada reports fourth quarter and 2008 results
Published December 5, 2008, 4:30 am, CNW Group via Yahoo! Finance
Royal Bank of Canada today reported net income of $4,555 million for the year ended October 31, 2008, down $937 million or 17% from $5,492 million a year ago. Earnings over last year were reduced by writedowns of $2,785 million before-tax and higher provisions for credit losses primarily in our U.S. banking business.
Bond Risk at Record High as Jobs Report May Show Deeper Slump
Published December 5, 2008, 4:26 am, Bloomberg
Dec. 5 (Bloomberg) -- The cost of protecting corporate bonds from default rose to a record on concern a U.S. jobs report today will reinforce evidence the global recession is worsening.
How Big is Big Enough? Article
Published December 5, 2008, 4:01 am, EuroGamer
British publisher Eidos is back on the auction block, if a report in national newspaper The Daily Mail is to be believed.
Brown-Forman Reports 4% Second Quarter Operating Income Growth in Challenging Economic Environment; EPS Growth of 13%
Published December 5, 2008, 4:00 am, Business Wire via Yahoo! Finance
LOUISVILLE, Ky.----Brown-Forman Corporation reported that diluted earnings per share from continuing operations1 increased 13% to $0.94 and operating income increased 4% to $222 million for its fiscal 2009 second quarter.
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