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Financial services

Active and possibly volatile ETFs this week- GULF, XOP and RTH

Merrill Lynch Retail HOLDR (RTH)- The investment seeks to diversify your investments in the retailing industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds securities issued by specified companies that, when initially selected, were in the retailing industry. Except when a reconstitution event, distribution of securities Full Article

Goldman Sachs traders led by Daniele Benatoff and Ariel Roskishas to start new hedge fund- Brummers & Partners

A team of proprietary traders, led by Daniele Benatoff and Ariel Roskishas, at Goldman Sachs (GS) are leaving the investment bank to set up a new hedge fund, sourced ...Full Article

Stocks expected to see active trade today- AA, AMD, APOL, INTC, LEN, NVDA, SVU, SYK

Stryker Corp. (SYK)- Stryker Corporation, together with its subsidiaries, operates as a medical technology company worldwide. The company operates in two segments, Orthopaedic Implants and MedSurg Equipment. Its share ...Full Article

Top 10 Best ETFs to watch in 2011- Investing in Exchange-traded funds (ETFs)

B2B Internet HOLDRs (BHH)- The investment seeks to diversify your investment in the B2B segment of the Internet industry through a single, exchange-listed instrument representing your undivided beneficial ownership ...Full Article

Speculation ends- Standard Life agreed to buy Focus Solutions Group (FSG) for $65.8 million

Standard Life SL (SL), savings and investments giant, has agreed to buy financial software consultancy company Focus Solutions Group (FSG) for $65.8 million, in a deal the UK insurer ...Full Article

Hana Financial Group Inc plans to announce its Korea Exchange Bank acquisition from Lone Star Funds

South Korea’s Hana Financial Group Inc (HNFGF), South Korea’s fourth-largest financial services group by assets, plans to announce its acquisition of a 51 percent stake in Korea Exchange Bank ...Full Article

Goldman Sachs Pulls investment from Philip Falcone’s Harbinger Capital Partners LLC

Goldman Sachs Group (GS) plans to pull $120 million from Philip Falcone‘s main hedge fund, Harbinger Capital Partners LLC, due to lagging returns and the revelation that Falcone borrowed ...Full Article

Report on American International Group Inc’s Asian life insurance business, AIA Group Ltd IPO

American International Group Inc’s (AIG) Asian life insurance business, AIA Group Ltd (AIA) is aiming to raise up to $20.5 billion, including a rare upsize option, by listing AIA ...Full Article

Most Actively Traded NYSE (New York Stock Exchange) Top Best Stocks in market today

XEROX CORP (XRX)- Xerox Corporation engages in the production and sale of document systems and services for businesses. It offers a range of color, and black-and-white multifunction devices; and ...Full Article

Royal Dutch Philips Electronics nominate Restructuring expert, Frans van Houten as new CEO

Dutch electronics giant, Royal Philips Electronics NV (PHG) nominate Restructuring expert, Frans van Houten, a former head of the company’s semiconductor division, as the new chief executive officer,  to ...Full Article

Indian Ajay Banga Named Mastercard’s New CEO, Whats next?

Ajay Banga has been appointed as the chief executive officer (CEO) of electronic payment services provider MasterCard ]. During a press conference Monday, Banga said his focus will be ...Full Article

Navigant Consulting Inc. (NCI)– An Earnings Rebound Should Lead to Gains

Navigant Consulting ] provides numerous services through its three business segments: North American Dispute and Investigative, North American Business Consulting and International Consulting. Navigant Consulting is a specialized, international ...Full Article

Fitch Ratings Downgrades Harley-Davidson and HDFS’ IDRs to ‘BBB+’; Outlook Negative

Fitch Ratings downgraded debt ratings for Harley-Davidson Inc. and its lending arm on Friday because of a drop in motorcycle shipments this year and questions about whether the slowdown ...Full Article

American International Group (AIG) reopens talks with MetLife over American Life Insurance Company (ALICO) sale

Global insurance and financial services provider American International Group (AIG) has resumed talks with rival MetLife to sell its foreign life-insurance unit American Life Insurance Company (ALICO). The sale ...Full Article

Bank of America needs $34 bln in new capital

Bank of America (BoFa) needs $34 billion of new capital according to the stress tests, say well-informed sources. The results of the tests will be published tomorrow. The 34 ...Full Article

Institute of International Finance (IIF) says Financial Services Firms Move to Implement Compensation Reforms!

Financial services firms are moving forward with far-reaching changes in their approaches to employee compensation, said the Institute of International Finance (IIF). Firms are proceeding with reforms that are ...Full Article