Showing posts with the label July 11
Thursday July 11th 2013 A villain's guide to football How to turn your soccer club into a stealing machine Football clubs can easily be used as stealing machines. Here is an instruction manual. The stories are real, but most details are concealed READ MORE » Europe's zombie banks The continent's financial system is in a ghastly state—and nothing much is being done about it READ MORE » Build your own glacier The iceman cometh and could water your crops If climate change takes your local glacier away, why not build another? READ MORE » Politics this week A leaked Pakistani government report concluded that government incompetence and negligence had allowed Osama bin Laden to live in Pakistan undetected for a decade. The report found nothing to support allegations that the government had colluded with al-Qaeda, though it did not rule out "the possibility of some deg
FTC Approves Modified Final Order in Hertz Acquisition of Dollar Thrifty: FTC I Enforcement Actions Press Release, July 11, 2013.
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FTC Approves Modified Final Order in Hertz Acquisition of Dollar Thrifty The Federal Trade Commission has approved a slightly modified version of a settlement requiring Hertz Global Holdings, Inc. to sell a number of assets in conjunction with its $2.3 billion acquisition of Dollar Thrifty Automotive Group, Inc. Under the settlement with the FTC , Hertz agreed to sell its Advantage Rent A Car business to Financial Services of North America (FSNA), along with the rights to 29 of Dollar Thrifty’s airport-based rental locations around the country, creating an independent rental car company with 72 locations. Sixteen of the Dollar Thrifty locations were divested to FSNA shortly after the deal was completed, and most of the rest have been transferred in recent months, including the location at Ronald Reagan Washington National Airport (DCA). The only remaining locations -- those at New York City airports -- will be transferred shortly. The modified final order ap
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Morning Agenda Jul 11, 8:17 am By WILLIAM ALDEN An Accord on Regulating Overseas Trading Regulators have agreed in principle on a plan to rein in risky trading by banks overseas. | Federal regulators have lifted a ban on advertising by hedge funds, buyout firms and start-up companies seeking capital. | Senators raise questions about the implications of the takeover of Smithfield Foods by a Chinese company. | Larry Page, Google’s chief, is conspicuously absent from a media and tech conference in Sun Valley, Idaho.
2 Stock Market Equations You Need to Know by Steve Reitmeister, Executive Vice President Zacks Investment Research: From the Desk of Steve Reitmeister, July 11, 2013.
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2 Stock Market Equations You Need to Know If anything, the Fed Minutes show increasing support for the future removal of QE. Gladly this time around investors did not panic. This means they are finally understanding the real investment equation before us. That being QE removal = economy in good shape = healthy environment for stock ownership. There is a second equation to consider QE removal = higher bond rates = bond losses = stocks more attractive. This says that we all should stay long stocks until the next recession seems around the corner or they become overvalued. Neither is the case now. So rally on! Jared Levy has a unique take on what QE means to the market at this time. In particular, how to play it as we come into 2nd quarter earnings season. The r est is in the new article below. Buzzed but Not Drunk on QE Kool-Aid Other Featured Commentaries: • This Week's Growth & Income Stocks • What Is a Diversified IRA? Best, Steve Reitme