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Banks` Telethon Is Nearly Over Big banks have raised at least $85 billion in just the past month through selling shares to investors and other fund-raising. The sum leaves most of them holding considerably more capital than U.S. regulators required as part of 'stress tests.' Wall Street JournalDow up 19; pending home sales boost stocks The Dow briefly moves into the black for 2009 as real estate shows signs of life. Auto sales, while weak, are better than expected. GM nears selling its Hummer brand to a Chinese company. JPMorgan Chase, american Express and Morgan Stanley sell shares to help pay off TARP funds. MSNMF assets at all-time high The combined of mutual funds crossed the Rs 6 trillion-mark (Rs 6 lakh crore) in May, the highest ever for the fund industry since its inception. The Times Of India`Is the end of the credit crisis in sight?` The availability of funds has eased somewhat but the approach remains cautious and credit is confined to large and quality borrowers. Business StandardNomura to buy 35% in LIC Mutual Fund Japan's Nomura Group is set to acquire 35 per cent in LIC Mutual Fund, India's seventh largest mutual fund, after the board of directors of Life Insurance Corporation (LIC) approved a proposal to induct the Japanese financial services major as a strategic partner in the mutual fund business, sources in the state-owned life insurer said. Business StandardETF Focus: Bond giant Pimco throws its hat into ETF ring Pacific Investment Management Co. has launched its first exchange-traded fund and said it plans to follow up with a half-dozen more -- moves that could reshape the ETF business. Market WatchOMG! Computer Careers Big Turnoff for High School Girls A degree or career in computer science remains a less than compelling choice for college-bound girls. Asked in a recent survey of what comes to mind when seeing or hearing the word computing, boys said design, games and video while girls responded with boring, hard and nerd. Only 10 percent of the girls surveyed rated computing as a very good choice for study. - A significant gender gap still exists among college-bound students in their opinions of computing as a possible college major or career, according to a new research from ACM (Association for Computing Machinery) and the WGBH Educational Foundation. The research, funded by the National Science ... eWeekIGM Financial Inc. Announces May 2009 Mutual Fund Sales and Total Assets Under Management WINNIPEG, MANITOBA--(Marketwire - June 2, 2009) - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total mutual fund net new money in May of ($129.8) million as shown in Table 1. Total assets under management were $108.5 billion at May 31, 2009, compared to $124.1 billion at May 31, 2008 and $101.7 at December 31, 2008. Mutual fund assets under management were $89.5 billion as at May 31, 2009, compared to $109.0 billion at May 31, 2008 and $85.0 billion at December 31, 2008. Assets under management are shown in Table 2. Market WireWith yields at record lows, Vanguard announces changes to three money market funds In an effort to preserve yields in an environment of historically low interest rates, Vanguard is making changes to three of its money market funds. VanguardEcocleen Franchise - We`re Putting our Money Where our Mouth is! With banks increasingly unwilling to take chances and actually lend money to entrepreneurs, Ecocleen are looking to beat the credit crunch and "put our money where our mouth is" by backing successful applicants with a funding package. TheFranchiseMagazine1 2 3 4 5 |
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