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Friday, February 1, 2013

Reuters Money: McClendon's exit will not solve Chesapeake's problems: Kemp

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02/1/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
McClendon's exit will not solve Chesapeake's problems: Kemp
LONDON (Reuters) - Shareholders must be hoping the removal of Aubrey McClendon as Chesapeake's chief executive will end the corporate governance discount attached to the company's share price and unlock superior returns. They are likely to be disappointed.
Put your investment enthusiasm on a dimmer switch
CHICAGO (Reuters) - Whenever there is an extended rally in the stock market, blazing lights go on in the heads of Main Street investors, signaling that it is time to join the party.
Money manager Franklin quarterly profit up 7 percent
(Reuters) - Money manager Franklin Resources Inc, which runs the Franklin and Templeton funds, said on Friday that its quarterly profit rose 7 percent, even though additional customer investments slowed.
Peregrine boss Wasendorf gets 50 years jail for fraud
CEDAR RAPIDS, Iowa (Reuters) - A judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.
Sibling rivalry: The Super Bowl of family finances
NEW YORK (Reuters) - You might think that Sunday's Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers, which pits brothers John and Jim Harbaugh against one another as coaches, is all about the game.
FINRA plan to spotlight brokers' pasts draws praise, ire
(Reuters) - A proposal by Wall Street's industry-funded watchdog designed to strengthen protections for investors would make it easier for them to research the backgrounds of brokerages and advisers.
Disinheriting someone is not easy
(Reuters) - When Shirlee Smith left one of her four daughters out of her will, she was not trying to be mean.
The key to the meaning of Keystone XL-Chrystia Freeland
NEW YORK (Reuters) - Is oil like red meat or is it like tobacco? Your answer to that question determines how you feel about the North American boom in unconventional sources of fossil fuel, particularly the Canadian oil sands.
Informant in Galleon insider-trading case gets a year in prison
NEW YORK (Reuters) - Roomy Khan, a one-time technology company executive who became a key FBI informant in the insider-trading case against hedge-fund manager Raj Rajaratnam, was sentenced to 12 months in prison on Thursday.
Analysis: Rate pressures on pensions wipe out billions in profits
(Reuters) - Pension charges wiped out more than $20 billion in fourth-quarter earnings at major American companies, as persistently low interest rates leave some of those with the largest retiree burdens no choice but to assume they need more money now to cover liabilities later.
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