Archive for May 7th, 2008

Malaysian fund to sell another stake in RHB-papers - Reuters
KUALA LUMPUR, Might 8 (Reuters) - Malaysia’s say pension fund is looking to sell another 5 percent stake in Malaysia’s fourth-largest lender, RHB Capital Bhd (RHBC.KL: Quote , Profile , Research ), to a strategic investor, the Star newspaper stated on

City National Bank Hires Well-Known Investment Specialists for Its Las - MSN MoneyCentral
LAS VEGAS, May 7, 2008 (PRIME NEWSWIRE) — City National Bank today announced that it continues to grow and expand its Private Banking and Wealth Management area in Nevada with the hiring of two highly regarded investment bankers in the Las Vegas and

A Tough Economy Requires Customer Focus, Better Training and New - MSN MoneyCentral
SAN DIEGO, May 7 /PRNewswire-FirstCall/ — Adopting a customer-centric approach can be a winning business model in tough economic times, a Comerica Bank executive advised her peers at a national banking conference in San Diego. (Logo: http://www

Bridge Bank Opens San Francisco Technology Banking Office - MSN MoneyCentral
Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association announced today that it has opened a new San Francisco Region Technology Banking Loan Production Office. Mike Lederman, Vice President of Technology Banking

Lloyds TSB avoids heavy writedowns - Financial Times
Lloyds TSB insisted on Tuesday that it saw no need to strengthen its capital base as the banking group claimed it could continue to grow in spite of the economic slowdown in the UK. The lender, which has suffered less from the credit crisis than its

Stocks follow Wall Street lower - News.com.au
THE stock market opened lower this morning, following a sell off on Wall Street and drops in base metals prices in London overnight. At 10.15am AEST, the benchmark S&P/ASX200 index had dropped 67.2 points, or 1.19 per cent, to 5601.2, and the broader

More pressure on UBS as America holds banker - Times On the internet
UBS, the embattled Swiss banking group, was under fresh pressure yesterday after it emerged that one of its senior executives had been detained as part of an American tax investigation. Martin Liechti, a senior banker, was held by authorities in the

JPMorgan sees Bear clients returning, job cuts - Reuters
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N: Quote , Profile , Research ), which is buying Bear Stearns Cos (BSC.N: Quote , Profile , Research ), anticipates to regain business from Bear clients who stopped doing business with the troubled investment

Former UBS employee assists US in tax probe - Times Online
American authorities are being assisted by a former employee of UBS as part of their inquiry into whether the Swiss bank helped wealthy US clients evade US tax. UBS confirmed today that a senior employee at the bank had been detained last month by

Malaysian shares outlook - Lower after Wall Street’s fall, record oil - Forbes
KUALA LUMPUR (Thomson Financial) - Malaysian shares are likely to open lower on Thursday, tracking a sharp drop on Wall Street overnight as fears of global economic stagflation resurfaced after crude oil prices soared to a record near $124 a barrel

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Remember making new friends without the help of the Internet? Thanks to a new service called rmbrMe, you can convert those messy real life acquaintances into easily manageable social networking formats! rmbrMe lets you send a code via text message that’ll link people you just met to your profiles on Facebook, Myspace, LinkedIn, or whatever other networks you choose.

There is a bit of a missing link between having someone’s phone number and having their URLs. Not everyone has an iPhone, so it’s not always simple to send a hyperlink that won’t have to be retyped into a browser later. RmbrMe is a clever concept, but it makes us wish for something even easier. Instead of going to a browser and typing in a five-digit code to get to a profile that aggregates all of your other profiles, it would be nice to see a service that generated friend requests straight from the text message.

For now, rmbrMe is a fairly elegant solution to the problem of helping people, well, remember you. The catch, and the reason we probably won’t become frequent users of the service, is that it charges 49 cents a message, on top of whatever your carrier charges. Asking for an e-mail address might be a little bit dorkier, but it’s also cheaper.

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Ramsey: Police beating ‘certainly does not look good’ - Philadelphia Daily News
POLICE COMMISSIONER Charles H. Ramsey yesterday asked Philadelphians not “to rush to judgment” when watching a video showing baton-wielding cops repeatedly striking, kicking and stomping three young men whom they had stopped after a triple shooting

Asia: Rate Fears Hit Chinese Markets - Street.Com
Fears over interest rate hikes in mainland China due to mounting inflationary and energy costs sent shares tumbling in Shanghai and Hong Kong Wednesday. The Shanghai Composite Index plunged 154 points, or 4.1%, to 3579.15, while Hong Kong’s Hang Seng

Precious Metals Summary - London AM Fixings - Forbes
Copyright Thomson Financial News Limited 2008. All rights reserved. The replicating, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of

Clemens apologizes for unspecified mistakes - Philadelphia Daily News
NEW YORK - Roger Clemens apologized yesterday for unspecified mistakes in his personal life, a statement Brian McNamee’s lawyers intend to use to attack the pitcher’s credibility at trial. The New York Daily News reported last week Clemens had a

Austria names former BAWAG chief executive Nowotny as new central bank - Forbes
VIENNA (Thomson Financial) - The general council of the Austrian central bank (OeNB) has appointed Ewald Nowotny, the former chief executive of troubled bank BAWAG, to serve as the OeNB’s next governor, Chancellor Alfred Gusenbauer stated on Wednesday

GM seals a UAW deal, but not at Mich. plant - Detroit Free Press
General Motors Corp. saw one UAW local contract ratified Tuesday, while negotiations continued at several locations. Separately, a unit of the finance company in which GM has a minority stake is working to line up financing to keep it from defaulting

Myanmar junta keeps large international aid effort on hold, denies - International Herald Tribune
YANGON, Myanmar : Hungry crowds of cyclone survivors stormed a few shops that opened Wednesday in Myanmar’s devastated Irrawaddy delta, as the country’s military rulers kept a huge international aid effort on hold. Little relief reached the people

Visage Imaging is Selected by Dartmouth-Hitchcock Medical Center to - MSN MoneyCentral
Visage Imaging(TM) to supply Visage(TM) CS Thin Client/Server System to enhance workflow with one-of-a-kind technology CARLSBAD, Calif., Might 7 /PRNewswire-FirstCall/ — Visage Imaging, Inc., a wholly owned subsidiary of Mercury Computer Systems, Inc. MRCY

UK Politics - Daily Telegraph
From breaking news to analysis, video to behind-the-scenes blogs, find all the Telegraph’s political news and comment in one place - your source for the latest from Downing Street, Westminster and the whole of the UK. David Cameron has renewed the

Dollar Rises After Hoenig States Inflation May Spur Rate Increase - Bloomberg
Might 7 (Bloomberg) — The dollar rose against the euro and the yen as Federal Reserve Bank of Kansas City President Thomas Hoenig stated inflation may prompt policy makers to raise interest rates and European retail sales dropped by a record in March

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