Unstructured Finance

Auto stocks end lower

July 30, 2010

The BSE Auto Index fell 1.4 percent and was the top sectoral loser, with stocks like Hero Honda and Tata Motors slipping.

Deals wrap: A successor for Buffett?

July 30, 2010

A fairly unheralded 44-year-old Chinese-American hedge fund manager, with a strong background as a human rights activist, has become a leading candidate to replace Warren Buffett, should he retire as founder and CEO of the $100-billion Berkshire Hathaway fund, according to the Wall Street Journal.

Check Out Line: Reading the earnings tea leaves

July 30, 2010

beam1Check out the latest batch of quarterly earnings to parse in the consumer world.

Fortune Brands and Newell Rubbermaid both posted a stronger-than-expected quarterly profit and raised their full-year forecasts despite talk of “headwinds” in the second half of the year by the former and a “lackluster economy” by the latter.

Banking index gains

July 29, 2010

The BSE Banking index rose nearly 1 percent on Thursday as banks shrugged off rising trend in rates and climbed on hopes robust economic growth will boost demand for loans.

Deals wrap: VW revving up for shopping spree?

July 29, 2010

German automaker Volkswagen has revealed it has amassed a $20-billion war chest it intends to use to finance its ambitious Strategy 2018, VW finance chief Hans Dieter Poetsch told Reuters.

Check Out Line: Consumer shopping behavior all over the place

July 29, 2010

USA/Check out the mixed picture of consumer buying habits revealed by today’s slew of earnings reports:

A painful lesson in diversification

July 29, 2010

As if RAB Special Situations’ woes weren’t enough already (investing in Northern Rock before its collapse, putting a high percentage into illiquid assets, 70 percent loss in 2008, locking up investors), the company told me yesterday of more bad news.

Morning line-up: Reds, rising suns and prudish GS

July 29, 2010

News and views on the funds industry from Reuters and elsewhere:

RTR1SGF8Communist investors wanted – FT

SLI makes Japan debut – Reuters

No Sh**: Goldman bans potty-mouth emails – WSJ

Short the banks – Reuters

Are the replicants shining brightly? – ETF Database