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  • April sees Japan trade deficit jump to 879.9bn yen April sees Japan trade deficit jump to 879.9bn yen

    TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...

  • UK urged by IMF to bring forward high value spending UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • Nuveen Closed-End Funds’ Board Approves Fund Mergers

    CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the Board of Trustees of certain Nuveen municipal bond closed-end funds approved a series of mergers. The mergers are subject to customary conditions, including shareholder approval at annual shareholder meetings later this ...

  • Fund manager accused of insider trading

    /enpproperty--> Former fund manager Li Xuli went on trial accused of insider trading at Shanghai Higher People's Court on Thursday. Li used to be chief investment officer at the Bank of Communications Schroder Fund Management. He was previously given a four-year sentence and fined 18 million yuan ($2.93 million) for profiting from insider trading in November 2012. An investigation by ...

  • BNY Mellon to hire 100 to help investors with wealth management

    The Bank of New York Mellon Corp. plans to hire about 100 people for its wealth management business, especially sales personnel, to capitalize on individuals' growing need for help with their ...


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Movie Review

Over the Hedge

Over the Hedge

The computer-animated comedy Over the Hedge, which is being billed as the new movie from the creators of Shrek and Madagascar even though the only thing they have in common is the fact that they were all produced by DreamWorks (no, wait, co-director Tim Johnson g ... ...

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  • Pension plans can make all the difference in retirement

    Pension plans can make all the difference in how financially well off U.S. retirees are, Gallup's annual Economy and Personal Finance survey indicates. The survey of 2,000 U.S. adults, including 636 retirees, conducted April 4-14, found U.S. retirees with $50,000 or more in annual income were twice as likely as retirees below that threshold to have a work-sponsored pension plan as a major ...

  • Horizons announces May 2013 distributions for certain active ETFs

    ) Inc. and its affiliate AlphaPro Management Inc. (collectively "Horizons ETFs") are pleased to announce the distribution amounts per unit (the "Distributions") for certain of the Horizons ETFs family of exchange traded funds (the "ETFs"), for the period ...

  • SEIs Goals-Based Portfolios Hit GBP 1 Billion in Assets Under Management

    ) has announced that its flagship U.K. goals-based Strategic Portfolios have hit 1 billion in assets under management following strong client demand for the funds' pioneering investment approach. Launched in February 2010, the SEI Strategic Portfolios are a suite of seven risk-rated, multi-asset funds underpinned by a manager-of-manager investment structure that offers retail investors ...

  • Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends

    SAN FRANCISCO--(BUSINESS WIRE)-- The Wells Fargo Advantage Income Opportunities Fund (NYSE MKT: EAD), the Wells Fargo Advantage Multi-Sector Income Fund (NYSE MKT: ERC), the Wells Fargo Advantage Utilities and High Income Fund (NYSE MKT: ERH), and the Wells Fargo Advantage Global Dividend Opportunity Fund ...

  • MFDA Hearing Panel issues Reasons for Decision in the matter of Omar Hayat

    May 22, 2013 /CNW/ - A Hearing Panel of the MFDA's Central Regional Council has issued its Reasons for Decision in connection with the disciplinary hearing held ...

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