Investing and Global Finance News

Monthly Archives: January 2014

Extreme Weather Conditions May Impact Spring Business

Cities across the United States have been struggling with frigid temperatures, snow and ice, and the unusually harsh weather has had an impact on numerous industries and markets across the continent. According to Morningstar‘s Jamie Katz, the weather may also have a negative effect on retail this spring if retailers are forced to offer discounts earlier than planned.

Reuters reports:

 

 

Amber Capital Launches Fund Focused on Southern Europe

Hedge fund manager Amber Capital recently revealed its plans for a new fund focused on southern Europe. The $1.5 billion firm has raised $350 for the new project, primarily from U.S. institutional investors, and launched the Amber Southern European Equities Fund on December 1st. Amber Capital’s portfolio manager Jose de la Rosa said: “We are… Continue Reading

PCs Pushed Aside by Mobile Devices

Intel, a long-time veteran in the personal computer industry, recently surprised analysts by missing their projections. The company’s apparent struggle is yet another sign that the traditional PC is being overshadowed by newer mobile devices such as tablets. Greg Bryant of Reuters.com recently discussed Intel’s approach for 2014:   Continue Reading

Brooke Harlow on the JOBS Act in 2014

Last year, the hedge fund industry anticipated significant change as a result of the Securities and Exchange Commission’s JOBS Act, which was intended to open communication and increase transparency between hedge funds and potential investors. Brooke Harlow, executive vice president and managing director at Managed Funds Association, recently discussed the development and its apparent lack… Continue Reading

Overstock.com CEO on Bitcoin Payments

Bitcoin is likely to experience a burst now that online retailer Overstock.com accepts the payment method. In fact, many speculate that Amazon may soon follow suit. According to Overstock.com CEO Patrick Byrne, the company saw Bitcoin  orders worth $130K on the first day alone. Byrne discussed the new development in an interview with CNN International:… Continue Reading

South Asian Bar Association of NJ Swears in New President

The South Asian Bar Association of New Jersey recently welcomed new president Rajiv Parikh to the organization. The association, an official chapter of the North American South Asian Bar Association, is a voluntary group which mainly serves South Asian attorneys and law students in New Jersey. New president Rajiv Parikh swore in late last month.… Continue Reading

General Mills to Remove All GMOs from Cheerios

General Mills recently announced that its regular flavored Cheerios are soon to be free of genetically-modified ingredients. The decision comes after a particularly difficult year for the brand, during which Cheerio sales dropped nearly 7 percent. According to General Mills, the elimination of GMOs from their cereal would be “beneficial to the consumer.” They said:… Continue Reading