June 24, 2009 | Refinancing

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Archive for June 24th, 2009

LIC will invest Rs 50,000 cr in FY’10

June 24th, 2009

New Delhi, June 24 : Life Insurance Corporation of India (LIC) on Wednesday announced that it would invest about 50,000 crore rupees in the equity market during this financial year.

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Stocks hold gains despite drop in new home sales

June 24th, 2009

The commerce branch says sales of new homes fell 0.6 percent in May, suggesting that the housing market remains weak. Economists surveyed by Thomson Reuters had anticipated a rise.

Finance News

AIA billings index flat in May

June 24th, 2009

. Scores continue to indicate a decline in demand for design services, the AIA said. A score above 50 indicates an increase in billings. The index reflects the approximate nine- to 12-month lag time…

Finance News

Pinetree Capital Ltd. Acquires Securities of Tinka Resources Ltd.

June 24th, 2009

TORONTO, ONTARIO–(Marketwire – June 24, 2009) – Pinetree Capital Ltd. (TSX:PNP), announces that on June 23, 2009, it acquired ownership of 1,000,000 common shares (“Common Shares”) of Tinka Resources…

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Miami Springs man faces 10 years for securities fraud

June 24th, 2009

Luis Giro, a former Miami-based investment manager, faces up to 10 years in prison after pleading guilty this week to securities fraud Giro who had been a fugitive until last month, was arrested in V…

Finance News

Drug stocks hug flat line; Cell Therapeutics gains

June 24th, 2009

BOSTON (MarketWatch) — Drug stocks hugged the flat line early Wednesday as shares of Cell Therapeutics Inc. advanced on news that it has fully submitted its application to U.S. regulators to market i…

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Mortgage Bankers Association expects fewer home loans in 2009

June 24th, 2009

The Mortgage Bankers organization has lowered its 2009 forecast for loan originations. The industry group now expects mortgage originations this year of .03 trillion, down more than 0 billion fro…

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Fed may look to snuff out inflation expectations

June 24th, 2009

Most economists predict that Fed Chairman Ben Bernanke and his colleagues, who resumed meeting Wednesday morning, won’t launch any bold new efforts at the end of their two-day gathering. The Fed’s…

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Keeping up with GM’s Fritz Henderson

June 24th, 2009

DETROIT (Fortune) — General Motors is racing through the early stages of its bankruptcy, in the hope of emerging as a new, independent company by August or early September.It’s a breakneck pace, dict…

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Financials rise as markets key on Fed statement

June 24th, 2009

NEW YORK (MarketWatch) — U.S. financial stocks opened higher Wednesday as markets shrugged off disappointing new-home sales data and awaited a statement from the Federal Reserve that could shed light…

Finance News