16 May 2013
The Top Penny Stocks newsletter for active penny stocks investors looking for penny stocks and pink sheet stocks
Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman
Private equity firm CVC Capital Partners is given another 24 hours to come up with a bid for online gambling company Betfair.
Go here to read the rest: CVC gets extra time for Betfair bid
The deadline is looming for CVC Capital Partners and other investors to put forward a fresh bid for online betting exchange Betfair.
Go here to see the original: Betfair takeover deadline approaches
With nearly 100 portfolio companies and just two remaining partners, what is the future of Michael Arrington’s venture capital effort?
Read more from the original source: CrunchFund’s future
Brown-Vitter and other efforts to boost bank capital are misguided. Capital cushions provide a false sense of security.
Read the rest here: How to solve the bank capital Goldilocks question
Category : World News
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VANCOUVER, April 30, 2013
VANCOUVER, April 30, 2013 /PRNewswire/ – Destiny Media Technologies (TSXV: DSY)
(OTCQX: DSNY), the leading solution for the secure distribution of
pre-release music to radio and the developer of a new cross platform
playerless video streaming format, today announced that Steve
Vestergaard, Chairman and Chief Executive Officer, will present at the
East Coast IDEAS Investor Conference on Wednesday May 15, 2013 at the
Metro Meeting Center in Boston, MA. Destiny Media’s presentation is
scheduled to begin at 1:35 p.m. EDT. The presentation will be webcast live and may be accessed at the
conference website, www.IDEASConferences.com, or in the investor relations section of the company’s website: http://www.dsny.com.
About IDEAS Investor Conferences
IDEAS Investor Conferences are sponsored directly by money management
firms for the benefit of regional investment communities The IDEAS
investor conferences are annual independent venues allowing quality
public companies to present their investment merits to an influential
audience of investment professionals. Conference sponsors collectively
have more than $100 Billion in assets under management and include:
Barrow Hanley Mewhinney & Straus, Eagle Asset Management, Keeley Asset
Management, Granahan Investment Management, GRT Capital Partners,
Hodges Capital Management, Luther King Capital Management, Marble
Harbor Investment Counsel,
Markit household finance index slid lower in April, signalling household finances deteriorating faster than in March
Ahead of official figures on Thursday that will show whether the UK has slipped into a triple-dip recession comes a downbeat report into consumers’ finances.
British households felt worse off in April as they continued to struggle with rising prices and meagre pay growth, suggests a survey out on Monday from the financial information services company Markit.
Bringing a halt to what had been an improving trend so far this year, the Markit household finance index slid lower this month, signalling that household finances were deteriorating faster than in March.
The firm said the result largely reflected the combined effect of lower income and higher living costs for households.
“Triple dip or no triple dip, there has been little alleviation of the strain on households’ financial wellbeing so far this year. Moreover, with incomes failing to keep pace with living costs, household finance constraints are likely to act as a further drag on consumer spending over the months ahead,” said Markit’s senior economist Tim Moore.
In its first monthly fall this year, the household finance index dropped to 37.7, down from 39.3 in March and well below the 50-mark that separates improvement from deterioration. Four times as many households, or 32%, reported a worsening in their finances in April than those who saw an improvement.
Households were slightly less downbeat, however, about the outlook for the next 12 months. Economists are divided over whether official data on Thursday will show the UK economy shrank in the first quarter, marking a triple-dip recession. Capital Economics says the chances of a further drop in GDP are “pretty much 50/50″.
“Of course, whether the economy shrinks by a fraction or grows by a fraction is of little importance in the big picture. Barring a major surprise in this week’s GDP figures, the main point is that the recovery will still look depressingly dismal – especially now that the labour market is weakening,” said Vicky Redwood at Capital Economics.
Howard Archer, economist at IHS Global Insight, is forecasting marginal GDP growth of 0.1 to 0.2% but says the first quarter is hard to call.
“There is major uncertainty over the outlook given that March’s cold weather could have had a further dampening impact on economic activity after the snow in January took a toll,” he said.”It would be good for psychological/confidence reasons if the economy could dodge contraction in the first quarter and therefore avoid nasty and potentially damaging headlines about triple-dip recession.”