News
Relevant Updates
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July 29, 2010
Conditions in the refining sector have improved in recent months, with business and consumer demand for diesel and gasoline reboundin
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July 29, 2010
Panasonic poised to take Sanyo
The company, a sprawling conglomerate whose products range from flat-screen TVs to medical equipment, said it would raise up to 500 billion yen ($5.7 billion) in a new share issue to bolster its finances after completing the buyouts.
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July 29, 2010
European banks wound up about the bank tests
The prominent banks across the pond don't feel encouraged about the tests. Is there something we're missing...?
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July 23, 2010
Very strong quarterly profit catches Ford just slightly off guard.
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July 23, 2010
Pay czar Kenneth Feinberg scolds big banks
Big bonuses are not illegal, but Feinberg makes a point about public perception.
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July 23, 2010
Europe's banks face key stress test
Adverse reactions could potentially create overhwelming need for additional capital.
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July 23, 2010
$100 million settlement over alleged accounting lapses and doctoring to show better earnings.
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July 23, 2010
Goldman Sachs' minion out on a limb
Fabrice Tourre, a Goldman vice president and the firm's only employee singled out in the SEC's civil securities fraud complaint, was still on the hook.
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July 12, 2010
Bernanke points to credit as a solution
Small businesses need good credit terms in order to get this economy moving again.
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July 12, 2010
Europe's fiscal issues continue to bother investors
U.S. crude futures dip ahead of Q2 earnings.
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July 12, 2010
BP may be looking at suitors despite its recent troubles.
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July 12, 2010
Small businesses struggle in Greece
Issues surrounding liquidity have created havoc for small businesses already fighting to stay afloat.
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July 12, 2010
Fed official says, "raise the rates."
Thomas Hoenig of the Kansas City Federal Reserve says it's time to raise the lending rate for banks.
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June 29, 2010
Euro Falls as Risk Aversion Climbs
And the Japanese Yen also climbs as investors look at the currency for additional safety.
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June 29, 2010
China's search engine company hires U.S. engineers
Up to 30 senior-level programmers and engineers from Silicon Valley will likely head to China
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June 29, 2010
U.S. Intelligence weighs in on China's bond holdings
Pundits in academe and the intelligence community believe there's reason for some concern.
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June 29, 2010
Is our retirement infrastructure too costly?
The London Telegraph provides a perspective on what retirement means to British citizens.
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June 29, 2010
Small spending gain fuels stimulus debate
Consumers cautious with their spending money prompts discussion on just how much more stimulus might be necessary to perk up the economy.
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June 16, 2010
Fannie Mae and Freddie Mac delist shares from NYSE
Stock exchange requirements for maintaining price levels and curing deficiencies were the driving force for moving to delist, this according to sources.
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June 16, 2010
Pension reform in France to raise hackles
In an attempt to control and better manage debt, French Labor Minisiter Eric Woerth aims to raise retirement age from 60 to 62 years of age.
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June 16, 2010
England, like many developed nations, use public spending cuts aimed to control debt
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June 12, 2010
Property values still under a lot of stress
Sovereign debt still a major factor for investors.
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June 8, 2010
Bernanke convinced Euro will prevail
The European Union has enough financial reserve to help indebted countries, this according to Ben Bernanke, the U.S. Federal Bank Chairman.
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June 8, 2010
Great Britain's sovereign debt raises concern
As if Greece, Hungary and Spain were not enough, pundits cautiously look at Great Britain's debt.
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June 8, 2010
Moody's Investors Service along with Fitch cut BP's debt rating. Will the oil giant need to sell assets?
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June 8, 2010
Swiss lawmakers reject the U.S. tax deal that would release banking data on U.S. citizens.
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June 8, 2010
Canada's Uranium One strikes deal with Russian mining company
Canadian firm gains strong position with two uranium mines owned by ARMZ.
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June 8, 2010
Canada-based Uranium One gains stake in Russian mines
Russia's ARMZ and Uranium One come to terms on sizeable stakes with two uranium mines.
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May 27, 2010
The Fed's Jim Bullard indicates U.S. economy should be OK
Europe's debt crisis may not impact us as hard as first thought, but the low Fed rate can. Read on.
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May 27, 2010
Apple outstrips Microsoft as world's largest tech company
Apple's growth rate continues climb while Microsoft loses ground.
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May 27, 2010
Geithner sees financial reform more likely that not
U.S. Treasury Secretary Tim Geithner indicates reform possible but likely to take different pathways.
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May 27, 2010
Lehman Brothers sues JP Morgan alleging the latter asked for more cash than necessary in the days prior to bankruptcy.
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May 27, 2010
U.S. and global stocks poised to regain loses, but investors remain cautious.
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May 21, 2010
Germany backs aid package aimed at helping Greece overcome its debt problems.
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May 21, 2010
Senate launches financial overhaul
The U.S. financial system is about to get a serious makeover adding safeguards and additional checks and balances in the interest of transparency and fairness.
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May 21, 2010
Look to New York state to understand pension problems
If you think your fiscal woes are deep, read how New York state is dealing with theirs.
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May 21, 2010
Company doing the tests in the Gulf is owned by an oil and gas company.
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May 21, 2010
Following a series of miscues, Dennis Blair is stepping down.
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May 13, 2010
California: is this our Greece?
The state has a very big debt burden. Can their situation portend actions similar to the problems in Greece?
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May 13, 2010
According to the New York's AG, certain large banks may have misled rating agencies in order to bolster the grades of mortgage-backed securities.
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May 13, 2010
China's Expo 2010 brings economic power on stage
After decades of isolation, China shows the world the largest and most expensive world's fair in history.
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May 13, 2010
Lloyds Bank to jettison interest-only mortgages
In a not-too-suprising move, England's largest mortgage lender reinforces principal repayment in their home loan products.
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May 7, 2010
The government report indicates the economy taking hold albeit at a slow pace.
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May 7, 2010
Greece ready to accept bailout Euros
German lawmakers fast-track the bailout package for troubled Greece. But will another "shoe" fall?
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May 7, 2010
Japan provides $20bn transfusion to calm markets
Between Greece and a volatile Wall Street, Japan looks to allay fears of a potential global, economic meltdown.
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May 7, 2010
Leave it to the west coast to invent other ways to generate revenue for local governments. How about a tax on billboards, supergraphics, digital boards among others?
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May 7, 2010
Two high-profile UK bank chiefs concerned about bailout
Greece's debt crisis has raised anxiety and economic uncertainty the likes never seen before. What now?
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May 7, 2010
The patent fight between two sector leaders in communications and electronics goes up a notch as Apple's iPad joins the iPhone in the complaint.
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April 26, 2010
Nations with advanced economies short on "tools."
Financial crisis management will be stressed as nations fight to keep recessionary factors in check.
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April 26, 2010
Economic writers ponder utility of reforms
As do politicians and the financial sectors targeted for reform.
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April 26, 2010
Geithner informs Congress that bailout may not be as costly as first determined.
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April 26, 2010
Just ask the longshoremen who manage the commecial cargo arriving, and departing, from shipping ports.
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April 26, 2010
Q1 earnings continue to trounce forecasts
Top and bottom line numbers are better than expected according to key companies in key sectors.
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April 19, 2010
Citigroup posts $4.4B 1st Q profit
Declining loses from bad loans and a sharper focus on consumer loans point to positive gains.
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April 19, 2010
Leading economic index at high
Slow recovery notwitstanding, this past March posted an increase for twelve straight months.
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April 19, 2010
International markets jittery over Goldman situation
Pundits indicate the Goldman-Sachs fiasco more of a distraction from more important financial issues at hand.
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April 19, 2010
Is it really a viable, cost-effective option in an area often known for ever-changing weather?
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April 19, 2010
Volcanic ash clouds and opportunity costs
Exporters as far away as New Zealand share reasons to be economically concerned with the volcanic ash disruption.
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April 5, 2010
Services sector show rapid growth
This type of growth has not been seen since May of '06, this according to the Institute for Supply Management.
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April 5, 2010
One year: over 5 million. The Apple iPad is poised to create history. Is the notebook computer on its last legs?
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April 5, 2010
JP Morgan & Chase expect to see profit reductions in the wake of the new credit card legislation.
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April 5, 2010
"What Color is your Parachute" author pens a career guide
Richard Nelson Bolles understands what it means to be on the ropes in these economic times. Stuck on the ropes? This guide may help.
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March 12, 2010
Janice Yellon appointed to be vice chair of Central Bank.
Subject to Senate approval, Ms. Yellen succeeds Donald Kohn who retires later in June.
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March 12, 2010
Boutique trading firms yielding to big banks
Now that bid/offer spreads have narrowed in bonds, big banks are poised to take on more risks and hiring.
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March 12, 2010
Sleight of hand tactics doomed Lehman Brothers
Material accounting practices and far-reaching gimmicks doomed this once storied institution, this according to a recent auditor's report.
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March 12, 2010
February is typically one of the slowest times for retailers, but a recent government report indicates to the contrary.
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March 12, 2010
The EU harps over U.S. reg on hedge funds
Geithner proposes far stricter controls and greater transparency while the EU cries "protectionism" against the proposal.
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March 12, 2010
Consumers are walking away from their debt more than paying it down pushing banks to write-off the losses.
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February 26, 2010
Growing inventory=business growth
The U.S. Commerce Department indicates growth in the 4th Quarter was actually better than reported.
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February 26, 2010
Wall Street see-saws volume on mixed data
The fears behind Greece and its financial woes continue to concern investors.
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February 26, 2010
Apple CEO prefers to hold the cash
Steve Jobs believes Apple should stockpile its cash and not pay a dividend.
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February 9, 2010
Britain's top financial regulator quits
Lingering doubt about the Financial Services Authority and its power to supervise banking authorities are reasons given.
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February 9, 2010
However, UBS still addressing considerable client outflows.
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February 9, 2010
For older workers, reluctance for retirement
The journey to early retirement is not as rosy as once perceived.
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February 9, 2010
Freddie and Fannie struggle for an exit
Without any strategic plans in place for a viable future, both institutions remain part of the problem that created the economic crisis almost two years ago.
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January 13, 2010
Please be advised that you may be getting an additional 1099 Form in mid-February directly from Pershing, LLC.
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January 13, 2010
Former AIG officer sees bailout overhaul
Hank Greenberg indicates Washington should "recast" the program altogether.
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December 29, 2009
Research done by CareeBuilders.com indicate a rise in employment for permanent workers.
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December 29, 2009
Stocks continue to rally worldwide
In spite of thin volumes, investors seem ready to take on risk as the year, and decade, come to a close.
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December 29, 2009
Are you making smart choices for social security?
Deciding at what age to receive benefits is especially critical. Read to learn why.
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December 29, 2009
Several banks may not be able to repay TARP
Smaller banks remain on the precipice of insolvency compared to the larger entities, some who have already repaid tax payer dollars.
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December 29, 2009
Consumer confidence and housing data buoys stock futures.
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December 9, 2009
Government ready to place tighter budget controls
The national debt is out of control and hawks in the Senate really want to do something about.
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December 9, 2009
Wall Street Jounal reports that the bull market is ready to go up again.
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December 9, 2009
Britains political leaders believe those big bank bonuses should be appropriately taxed.
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November 27, 2009
St. Germain's hiring of Pershing is similar to hiring a new book keeper to manage records and transactions. We did this as a pro-active measure in light of the Ponzi schemes of Madoff and Stanford.
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November 27, 2009
Debt pressures from Dubai raises awareness.
Many banks worldwide, outside of the Middle East, downplay debt pressures from Dubai.
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November 27, 2009
Shoppers head for the bargains
Electronic discounters report shoppers looking for great holiday deals.
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November 27, 2009
Thirty year mortgages crept to an all-time low bringing rates to below 4.75.
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November 17, 2009
Obama to target financial crime
An executive order is being issued to investigate and prosecute financial crimes, this in light of various Ponzi schemes coming to light, not the least the one created by Bernie Madoff.
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November 17, 2009
The possibility of additional depreciation could trigger inflation going forward in this recovering economy.
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October 22, 2009
iPhone pushes AT&T above estimates
Wireless continues to take market share away from wirelines as consumer and businesses reach for more hand-held communication devices.
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October 22, 2009
Regardless of the economic climate, one thing is certain: be they private or public, college costs are up again this year.
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September 28, 2009
Our chairman and chief strategist reveals the deja vu-ness of the recession and the economic cycle. Read what Paul's shared with callers looking for financial salve.
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September 28, 2009
Xerox agrees to buy Affiliated Computer Services, at a 33.6 percent premium, for $6.8 billion in cash and stocks.
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September 28, 2009
Government looking for additional revenue
Some call it a "vice tax" others think of it as another means to get more money for government coffers. Where do you stand?
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September 24, 2009
Investors are unfazed as they continue to weigh in on the stock market that has rallied above 50% in the past six months.
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September 24, 2009
Has the G20 lived up to its pledges?
Here's a pledge-by-pledge report of how well the G20 has lived up to its monetary expectations to help the world economy. Are they on the right track?
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August 18, 2009
Stocks test investors' backbone
PIMCO's CEO weighs in on the recent ups and downs of Wall Street.
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August 18, 2009
Identity suspect may be connected to MA breach
TJX Companies, owners of some of the largest discount retailers in the U.S., claims suspect now held in Miami may be individual responsible for their breach.
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August 18, 2009
Identity suspect may be connected to MA breach
TJX Companies, owners of some of the largest discount retailers in the U.S., claims suspect now held in Miami may be individual responsible for their breach.
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August 18, 2009
New AIG chief executive makes $7M
Former MetLife Co. executive to make seven times more than previous CEO.
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August 12, 2009
GE looks into water purification on a global scale to increase potential profits.
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August 6, 2009
Jobless statistics indicate a stabilizing of the labor market.
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August 6, 2009
With the thousands of customers in CT, the nation's largest cable TV company has second quarter profits at 53-percent.
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July 13, 2009
Venture capitalists still optimistic on the economy
A recent survey shows investment money is ready even though recovery will be slow.
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July 13, 2009
The governments of Switzerland and the United States appear ready to settle out of court with UBS AG regarding the IRS' attempt to find tax evaders.
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July 13, 2009
CITon the verge of bankruptcy?
CIT, one of the nation's largest commercial lenders is on the edge of filing. Will credit problems stymy any recovery?
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July 13, 2009
Is the economy slow for everyone?
Goldman Sachs recently paid off a government loan. Now they're poised to report very strong profits.
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July 2, 2009
Is the stimulus package enough?
Pundits claim the dollars are not enough to fill a tremendous hole.
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July 2, 2009
Chinese stocks continue to march upward, recently achieving a 13-month high.
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June 16, 2009
Economists view light at end of the tunnel
Recovery predicted to improve overall economy by the end of the year.
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June 16, 2009
Pressures mounts as Facebook continues to gather additional members onto its social network.
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June 1, 2009
Wall Street soars on upbeat news and GM deal
Economic data points toward much needed stabilization as investors look to signs of careful growth.
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June 1, 2009
Fugitive tycoon arrested in Paris
Ian Griffin, has been on the lam after allegedly murdering his girlfriend in a hotel.
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May 19, 2009
Pockets of investing opportunities are showing up prompting analyst and investors to look reasonable possibilities.
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May 19, 2009
Was Barclays Capital undervalued?
Lehman Brothers Holdings is investigating whether the sale of its brokerage generated too much of a windfall for Barclays.
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May 4, 2009
Construction spending rose in March surprising some pundits about new housing starts.
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May 4, 2009
Obama examines possible legislation that would limit offshore tax havens for corporations and individuals.
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May 4, 2009
Fraud tempts directors of insolvent companies
Overseas, more directors are resorting to fraud to help save their companies.
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April 14, 2009
U.S. Fed Chairman Ben Bernanke claims there are signs of stability on our economic path.
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March 26, 2009
President Obama plans on bigger bolts and screws to keep Wall Street in line.
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March 26, 2009
Yes, the money bags are real...
Our president was recently photographed at the offices of Hartford Magazine.
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March 20, 2009
Some pundits claim there's a correlation in spite of divergent data covering gold buillion volume at the Federal Reserve.
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March 13, 2009
From the desk of Brendon Hutchins, CFP
Our own Brendon Hutchins takes a scholarly look at recessions of times past.
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March 11, 2009
JP Morgan CEO sees glimpse of recovery
But will the mark-to-market accounting rule spoil it?
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March 11, 2009
Dollar recovers on Chinese trade data
Recovery fueled by China's exports being down close to 26%.
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March 11, 2009
MA Secretary of State William Galvin tries to help residents
Secretary requests moratorium on utilities being shut off by residents laid off or having financial difficulties.
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February 27, 2009
Laurie Long promoted to senior vice president
Our own guru of operations is recognized for her steady contributions to the firm.
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February 25, 2009
CT to get hedge fund oversight
Legislation proposes series of checks to promote more transparency in the highly lucrative, but volatile hedge fund marketplace.
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February 9, 2009
Should IMF toughen up on richer countries?
China makes a case for more aggressive oversight on countries that "derail their economies."
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February 6, 2009
Japan had a big stimulus package...
What can we learn from their tactics and could they apply here.
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February 6, 2009
Our own Brendon C. Hutchins weighs in as an investor versus an investment advisor.
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January 8, 2009
Europe's largest bank, HSBC claims U.S. stocks will be the best to have in 2009. Read more.
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January 8, 2009
Even with hybrids, car industry is hurting
U.S. drivers continue to tighten their belts with a keen eye on budgets in order to weather this bleaking-feeling winter.
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December 26, 2008
New legislation waives 2009 RMDs
The Worker, Retiree and Employer Recovery Act of 2008 became law on December 23, 2008
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December 26, 2008
Not all the business news in '08 was dreary and discourating.
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December 26, 2008
For now, General Motors avoids inching closer to filing for bankruptcy after GMAC reports bank holding status.
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December 18, 2008
Venture capitalists are ready to pour out seed money, but is your company green enough?
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December 18, 2008
Accounting firms dragged into Madoff fiasco
Three of the largest accounting firms indicated that they too have been duped by the fallen trader.
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December 2, 2008
Is 'bargain hunting' the leading edge?
So called bargains are driving some stocks up contrary to what indicators may suggest. What gives?
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December 2, 2008
Delta Airlines Group, Inc. plans cuts
Global demand for seats shrink and big adjustments in the works.
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November 24, 2008
From the desk of Lou Bartenstein
Our VP of fixed income, Louis Bartenstein weighs in on bonds and market volatility. Get an objective perspective from a long-time professional.
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November 24, 2008
Commentary: Issues on global deflation
Columnist James Saft weighs in on the reality of deflation in a global economy.
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November 24, 2008
Properties throughout Asia are attracting investors the world-over as falling values present opportunities to buy.
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November 12, 2008
U.S. Treasury Secretary Henry Paulson provides feedback on the financial bailout plan.
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November 5, 2008
Whoever this professional is, prudent and thrifty are at least two characteristics necessary for the job.
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October 30, 2008
Fed Rate Cut plants some optimism
But is it enough to reduce the impact of a slowdown?
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October 17, 2008
Looking at any and all slivers of growth, stocks around the world get a bump upward.
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October 17, 2008
We've been saying what Buffett has been publicly espousing for awhile. Here's his take via the New York Times
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October 17, 2008
From the desk of Brendon Hutchins
Brendon weighs in on how to avoid panic in today's market.
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October 14, 2008
From the desk of Paul Valickus, Chairman
Our Chairman responds to the reality that is Wall Street.
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October 8, 2008
Discounters fared well in September
Discount retailers and wholesale clubs are benefitting from the economic slowdown.
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October 8, 2008
Toy retailers bracing from slow 4th Q
Inventory being adjusted in store shelves in light of slow sales and concerned consumers.
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October 8, 2008
Promotions are in order at St. Germain
St. Germain management promotes several from within.
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October 6, 2008
More European governments rescue banks
In an attempt to bolster confidence, other European governments are offering guarantees to their savers and investors.
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October 6, 2008
Even with the government "bailout" in place, American consumers are holding onto their money before heading out to do any form of shopping other than that of food.
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September 30, 2008
From the desk of Tim Suffish, CFA, CPA
What does all this flux in the financial market really mean? Our own Tim Suffish puts all of this into plain English. Read on.
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September 30, 2008
A U.S. law maker Edward Markey prods the SEC to curb market volatility by reinstating SEC Rule 80A.
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September 26, 2008
Spring economic rebound a bit less than expected
Consumer spending and U.S. exports found to be less vigorous than anticipated.
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September 26, 2008
Fairfield, CT-based GE cuts forecast
Anxiety over its large loans and lease businesses prompted reaction from financial pundits at the firm.
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September 26, 2008
Concerns about the fallout crisis continues to worry investors.
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September 23, 2008
Mortgage fiasco is at root of crisis
Investor Wilbur Ross points to the mortgage crisis as the basis for the current financial snafu. He also theorizes that the American middle-class has been a key catalyst for recent events.
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September 23, 2008
Tokyo banks looking at bargains on Wall Street
Just a few years back, these Japanese banks were on the brink of extinction. Now, they're poised to reshape banking perceptions worldwide.
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September 23, 2008
Mitsubishi Financial looks to acquire part of Morgan Stanley
After a due diligence review, the Japanese financial titan looks to own up to twenty percent of Morgan Stanley.
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September 23, 2008
Are your money market funds secure?
Hoping for greater transparency, fund managers look to reassure their clients that their funds, dollar-for-dollar, are still safe in spite of the financial crisis.
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September 19, 2008
Centeno chairs annual marketing forum
Our own VP of marketing & sales, Carlo Centeno, was recently in New York City chairing the annual Marketing & Advertising Compliance Forum for Investment Advisors.
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September 18, 2008
Citing concerns about risks and the current market flux, managers are reporting more activities in a variety of bonds or fixed income products.
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September 18, 2008
Are global investors sitting on their hands?
Some pundits believe more capital can move into financial markets, but before that happens, investors need to regain a sense of trust. That will take some time.
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September 18, 2008
Congress looks to revamp financial regs
Many say its time to restrcuture financial regulations that have allowed this debacle to happen. Others say leave government out of it. Weigh in via this article.
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September 18, 2008
Goldman Sachs and Morgan Stanley have that sinking feeling
Two long-standing investment giants are feeling the pinch as Wll Street struggles for some level of equilibrium.
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September 18, 2008
Financial news keeping you awake?
It doesn't pay to micromanage your portfolio or to even try timing the next upswing. Here's some practical info that makes sense.
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September 11, 2008
Domenic J. Sarno, mayor of Springfield, recognizes the firm for its generousity to the landmark, Forest Park Zoo.
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September 11, 2008
Using various indices to compare performance can be tricky. Dow Jones? Nasdaq? Standard & Poor's? Tim Suffish provides this primer to help answer the question.
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August 27, 2008
Meet the new Assistant Treasurer
President Paul J. Valickus promotes Jason M. Schuck to assistant treasurer of the company.