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Paulson fund buys 168M shares of Bank of America (AP)
The hedge fund run by John Paulson, who foresaw the distress in subprime mortgages and reaped billions by betting against the related securities, has bought about 168 million shares of Bank of america Corp., according to a regulatory filing Wednesday.
yahoo.com

Surge in joblessness hits young
Under 25s feel the brunt of recession as unemployment hits 14-year highBritain faces losing a generation to unemployment after figures showed half the jobs lost over the past year were those of youngsters, pushing up the UK's youth joblessness rate to the highest in Europe.As the data showed that all the progress on jobs since Labour came to power in 1997 had now reversed, the Tories attacked the government's record and urged it to do more to help the young find work, education or training.'These are shocking figures and a damning indictment of Labour's neglect of young people,' said the shadow work and pensions secretary, Theresa May. 'Youth unemployment has been growing for years under Labour and Gordon Brown's recession will only make things worse.'If Gordon Brown really wants to help people in the recession, he should stop dithering and adopt our proposals to provide 100,000 more employee-led apprenticeships and set up a fund to help young people who are not in education, employmen
Guardian

The Ivy Endowment-Fund Portfolio
You can keep risk under control by replicating the investments of university endowment funds.
Kiplinger

Mace Reports Financial Results for the Second Quarter & Six Months Ended June 30, 2009 (Business Wire)
HORSHAM, Pa.----Mace Security International, Inc. today announced financial results for the second quarter and six months ended June 30, 2009.
yahoo.com

Connecticut Bank Regulators Order Florida Lender To Stop Writing New ... - Hartford Courant
Florida -based mortgage company licensed in Connecticut to stop writing new mortgages, after the lender closed at least 15 loans last week and failed to fund them. Taylor, Bean & Whitaker also clos...
Big News Network

Corrections: U.S. stock market now hearing from retail sector
Wednesday's Market Snapshot gave the incorrect affiliation of Howard Ward. He is chief investment officer of GAMCO Growth Fund. See corrected story.
Market Watch

Paulson stocks up on banks, drugs and gold (Reuters)
Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of america Corp during the second quarter.
yahoo.com

San Diego Union-Tribune announces 112 job cuts
The San Diego Union-Tribune reports that 112 jobs are being cut at the newspaper, the second round of major layoffs since an ownership change in May. Wednesday's cuts follow the elimination of 192 positions three months ago, when Beverly Hills-based... Sponsored Topics: San Diego Union-Tribune - San Diego - Newspaper - Beverly Hills California - United States
SF Gate

Shell to enter carbon capture race
The FT said Shell would join a consortium led by Scottish Power, one of three groups of bidders for government funding to build the first commercial-scale system for carbon capture and storage. The mo...
Big News Network

BMC Bolsters Middleware Portfolio with MQSoftware Buy
BMC Software announced it has acquired privately held MQSoftware, a leader in the middleware management and enterprise application transaction management markets. - BMC Software announced it has acquired privately held MQSoftware, a leader in the middleware management and enterprise application transaction management markets. The acquisition, announced on August 10, expands BMCs Business Service Management platform, which already provides customers comprehens...
eWeek

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