Single Stock Futures
Product Description
All about the trading world’s hottest new product, from today’s leading expert Already hugely popular in London, and backed by Chicago’s largest futures and options exchanges, single stock futures have the potential to be among the biggest in the U.S. marketplace. Single Stock Futuresthe first book on this exciting financial instrumentexplains what single stock futures are, how they work, and how to trade them, providing avid traders with both an i… More >>
US IT firm acquires Nepal’s World Link Technologies
Kathmandu, Nepal (AHN) – Atlanta-based Software Paradigms International Group LLC (SPI) has agreed to acquire Nepal’s World Link Technologies.
Neither side has disclosed the exact amount the deal.
This is the first U.S. acquisition in Nepal’s emerging IT sector. SPI has two offshore development centers in India, and global locations across Europe, Asia, North America, Australia and now in Nepal, said a press statement.
The company is planning to hire 50 domestic IT professionals in the next two years following the acquisition bid.
With this deal, SPI is strengthening its foothold in the Asian market and accelerating its global growth, said SPI CEO Sid Mookerji.
Kathmandu has an immense talent pool, and SPI believes that the city can become the next sourcing location for world class knowledge workers, he said.
After the acquisition, the new company will be named SPI Nepal. Current Worldlink CEO Yajurendra Shrestha will be retained to head the company.
SPI Nepal will be SPI’s third worldwide delivery center.
SPI and Worldlink had been in merger talks for the last two to three months.
View full post on Economy, Business And Finance Stories
The Complete Guide to Single Stock Futures
Product Description
Single stock futures are quickly becoming among the market’s most important trading vehicles, and Russell Wasendorf’s Peregrine Financial Group accounts for 20 to 50 percent of daily U.S. trading volume! In The Complete Guide to Single Stock Futures, Wasendorf provides traders with: Analyses of the latest rules and regulations How to apply technical and fundamental analysis • Best exchanges for trading Essential valuation techniques • And much more … More >>
The Complete Guide to Single Stock Futures
Disney Princess Plastic Trikes Recalled by Kiddieland Due to Laceration Hazard
Washington, DC, United States (AHN) – The U.S. Consumer Product Safety Commission and Health Canada, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product.
Name of Product: Disney Princess Plastic Racing Trikes
Units: About 9,000 in the U.S. and 700 in Canada
Manufacturer: Kiddieland Toys Limited, of Scituate, Mass.
Hazard: The plastic castle display and the princess figures protruding from the top of the handle bar pose a laceration hazard if a child falls on it.
Incidents/Injuries: CPSC and Kiddieland have received three reports of children suffering facial lacerations.
Description: This recall involves the Disney Princess Plastic Racing Trikes. The trikes are pink and fuchsia with a purple seat and wheels. On top of the handlebar, there is a rotating castle display surrounded by three princess figures. “Disney Princess” is printed on the label in front of the trike just below the handlebar.
Sold at: Target, JCPenney, Meijer and H.E.B. stores nationwide and on the Web at www.target.com from January 2009 through April 2011 for about $50.
Manufactured in: China
Remedy: Consumers should immediately take the trikes away from children and contact Kiddieland for a free replacement handlebar with an enclosed rotating display.
Consumer Contact: For additional information, contact Kiddieland at (800) 430-5307 anytime, or visit the firm’s website at www.kiddieland.com.hk
View full post on Economy, Business And Finance Stories
PREVIEW-U.S. bank results offer little optimism for Europe
* Many European banks due to report earnings next week * List includes UBS, Barclays, Deutsche Bank * U.S. bank results point to weak trading, rising costs * Regulatory uncertainty weighs By Ben Berkowitz NEW YORK, April 21 (Reuters) – Revenue is down,
View full post on All Stories
Eleven charged in illegal online gambling scheme
New York, NY, United States (NewsBahn) – The founders of three of the largest Internet poker companies doing business in the United States are among 11 people accused Friday of bank fraud, money laundering, and illegal gambling offenses.
The charged were unveiled Friday when federal authorities unsealed a indictment in Manhattan.
The government also seeks at least $3 billion in civil money laundering penalties and forfeiture from the poker companies and the defendants. A federal district court has issued an order restraining approximately 76 bank accounts in 14 countries.
Five Internet domain names used by the poker companies also were seized.
Among those charged were Isai Scheinberg and Paul Tate of Poker Stars, Raymond Bitar and Nelson Burtnick of Full Tilt Poker and Scott Tom and Brent Buckley of Absolute Poker.
In a statement, Manhattan U.S. Attorney Preet Bhahara said: “As charged, these defendants concocted an elaborate criminal fraud scheme, alternately tricking some U.S. banks and effectively bribing others to assure the continued flow of billions in illegal gambling profits. Moreover, as we allege, in their zeal to circumvent the gambling laws, the defendants also engaged in massive money laundering and bank fraud. Foreign firms that choose to operate in the United States are not free to flout the laws they don’t like simply because they can’t bear to be parted from their profits.”
The statement said owners of the poker sites “arranged for the money received from U.S. gamblers to be disguised as payments to hundreds of non-existent online merchants purporting to sell merchandise such as jewelry and golf balls. Of the billions of dollars in payment transactions that the poker companies tricked U.S. banks into processing, approximately one-third or more of the funds went directly to the Poker Companies as revenue through the ‘rake’ charged to players on almost every poker hand played online.”
After U.S. banks refused to accept payments from the gambling sites, which would have in violation of federal law, federal authorities said the companies persuaded a few small local banks in financial trouble to process their payments “in return for multi-million-dollar investments in the banks.”
John Campos, vice chairman of the board of a small private bank, SunFirst Bank of Saint George, UT, was among those charged in the indictment.
Four other men – Ryan Lang, Ira Rubin, Bradley Franzen and Chad Elie – were accused of being “highly compensated ‘payment processors’” who “lied to banks about the nature of the financial transactions they were processing, and covered up those lies, by, among things, creating phony corporations and websites to disguise payments.”
The indictment notes that in a press release dated Oct. 16, 2006, Absolute Poker announced that the company would continue its U.S. operations because “the U.S. Congress has no control over” the company’s payment transactions.
Two of the men were arrested Friday: Campos in Utah and Elie in Las Vegas. A third defendant, Franzen, is expected to appear in New York on Tuesday for arraignment. Bitar, Scheinberg, Burtnick, Tate, Tom, Beckley and Rubin are believe to be outside the U.S. and have not yet been arrested.
View full post on All Stories
Nepal, US clinch landmark trade, investment pact
Kathmandu, Nepal (AHN) – Nepal and the United States clinched their first bilateral trade agreement Friday, opening the doors for preferential entry of Nepali goods.
The Trade and Investment Framework Agreement (TIFA) will provide a forum for bilateral talks to enhance trade and investment, discuss specific trade issues, and promote more comprehensive trade agreements between the two countries.
The pact replaces 1947′s bilateral Economic and Trade Agreement between the two countries.
Deputy Prime Minister Bharat Mohan Adhikari and U.S. trade representative Ron Kirk signed the deal on behalf of their respective governments.
The deal opens the door to form permanent bodies to discuss bilateral issues and promote trade and investment between the two countries. Nepal’s main exports to the U.S. are Readymade Garments (RMG) and pashmina, a fine cashmere wool.
In 2010, U.S. exports to Nepal were about $28 million, with aircraft, machinery, and optic and medical instruments the leading categories.
The Nepali delegation also sought U.S. investment in energy and service sectors such as health, education, tourism, banking and finance.
View full post on Economy, Business And Finance Stories
Schwab’s profit up on higher fees; shares rise
Charles Schwab Corp <SCHW.N>, the largest U.S. discount brokerage, posted higher-than-forecast earnings as rising stock markets fueled increased trading and fees from clients, sending the stock up more than 2 percent.
View full post on All Stories
Wednesday ETF Roundup: DBB Sinks on Copper’s Slide, EWY Jumps on Blue Chip Strength
ETF Database submits:
U.S. equity markets managed to bounce back after Tuesday’s slide, with most major indexes finishing in positive territory as strength in the technology and some basic material names helped to carry equities higher. The Dow rose by a modest seven points while the S&P 500 finished flat and the Nasdaq led the way, posting a gain of 0.6%. Commodity markets also managed to rebound somewhat on the day as gold rose by $3 per ounce and oil prices finished just shy of $107/bbl. Some soft commodities came back in Wednesday trading as well, although results were much more mixed. Coffee and lumber surged, but sugar and cotton both were off by more than 2.7% in the session. Despite this commodity resurgence, traders continued to seek refuge in the Treasury market as yields declined marginally across most maturity levels, suggesting that there is still demand for safe haven instruments in this Complete Story »
View full post on All Stories
Commodity prices soar as investors seek hedge against global instability
Washington, DC, United States (AHN) – Global economic and political instability has made paper money less attractive to investors who are now driving up prices for commodities such as oil, precious metals and crops.
Sovereign debt risk in Europe and the U.S., coupled with Japan’s post-earthquake and ongoing nuclear crisis on top of political instability in the Middle East, is behind investor decisions to put their money into commodities.
That much liquidity in commodity markets is pushing commodity prices to high levels.
Wednesday morning trading in London saw gold reach a new record nominal high of $1,460.92 per ounce while silver hit a 31-year nominal high of $39.63 per ounce.
Oil settled at $108.34 per barrel, which pushed U.S. gasoline prices up to an average $3.685.
Cotton prices are around $2 per pound, which has many U.S. farmers scrambling to plant cotton this year instead of food crops such as corn, soybeans or peanuts.
View full post on Economy, Business And Finance Stories
Day Trading- Facebook opens at $42
- U.S. adds anti-dumping tariffs to Chinese solar panels
- Fitch downgrades Greek sovereign debt
- Clinton urges Americans to invest in Myanmar, names ambassador
- Gambia: Small country with a big crisis
- Verizon ending unlimited data for phone upgrade
- Senate confirms Federal Reserve nominees
- Aiming to leave least developed country list
- Bret Michaels settles lawsuit over Tony awards injury
- JC Penney store sales plunge nearly 20 percent
- Forex
- Getting Started In Forex – The Proven Best Strategy For Getting Started In Forex
- Forex Secrets – Delusion Number 2 – Who Prompts Forex Quotation to Traders?
- Summary Box: Stocks fall as dollar jumps
- Ava Forex Broker-Providing An Apparent Platform To Trade For Both Traders And Investors
- Forex Trading Strategies – How to Be a Super Successful Forex Trader! AAA+++
- Fed stands pat on interest rates and bond purchases
- Managed Foreign Exchange – Tips And Tricks to Manage Your Forex Account
- Car sales in Philippines jump 29 percent
- Suicide Won’t End Madoff Suits
- What to Look for in Opening a Free Forex Account
-
- Investors
- Comparison Shopping for Personal Loans
- Comparison Shopping for Personal Loans
- Bank of America repurchases $2.5 billion debt from Fannie Mae, Freddie Mac in settlement
- Bank of America repurchases $2.5 billion debt from Fannie Mae, Freddie Mac in settlement
- Illinois Firm Recalls Raw and Ready-To-Eat Sausage Products Due To Possible Adulteration
- DeLisha Milton-Jones shines as Sparks topple Liberty in historic rematch
- June 20, 2011: Braves 2* vs. Blue Jays 0 (MLB)
- Debt Consolidation – Savior in Debt Crisis
- Government Check List for Starting a Business
- Rohingyas in Malaysia seek education, opportunities
- Eco friendly Business
- Save the energy and save yourself from debts
- Stella McCartney’s sunglasses are eco-friendly
- Climate-vulnerable countries to seek help from rich nations
- Bangladesh, India vulnerable to climate change
- Disease concerns as flash floods hit Kenyan coastal area
- Nalgae leaves 18 dead in the Philippines
- Rising sea level could wipe out California’s billion-dollar beaches
- Two million hit by floods in Sindh Province
- Drought – the view from the ground
- British Columbia sends more firefighters to Ontario
