It’s official: Obama nominates Janet Yellen as first woman to lead Federal Reserve
(Photo: Eugene Hoshiko / AP file)
President Barack Obama nominated Janet Yellen on Wednesday as the next head of the Federal Reserve, positioning her to become the first woman to head the central bank in its 100-year history.
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We have been following KKR's on going investment crusade in Asia. As part of their $6 billion dollar asian fund, the New York based firm has been investing all over the region. There is speculation that much of KKR's foreign investments are guided by its Global Institute.
Some of the countries they have so far invested in this year include Indonesia, Malaysia, Vietnam, China and Japan.
Now the firm is likely to announce in the coming weeks a major investment into India's Gland Pharmaceuticals. This deal would be worth around $150 million and would be the second sizable India investment in six months. In April KKR bought a controlling stake in India's Alliance Tire Group from Warburg Pincus LLC for what sources estimate to be around $500 million.
Gland Pharma was started in 1978 and makes active pharmaceutical ingredients and formulations for a number of different injections.
Investments have been falling in India. Compared to this time last year the amount of private equity investments has dropped 67%.
Last week Google saw its stock price climb above the $1000 mark. The shares jumped on Friday and saw a 13% raise to a high of $1008.18. Google now holds a market value of $40 billion and is worth more than Microsoft and Berkshire Hathaway. It is ranked 3rd in the United States for market value, behind Exxon Mobil and Apple. Investors have been gaining confidence in the company after continued dominance of mobile an video advertising business compared to competitors such as Facebook and Yahoo. Google saw advertising rise 26% this past year and expectations are that advertising with Google with continue to rise moving forward. Besides the search engine, Google is also known for their Chrome browser, maps and their Nexus smart devices. In addition Google owns the Android ecosystem and they are beginning to see a snowballing effect here as growth of apps and users generate more profit. Google is also seeing revenue growth outside of the United States and the UK, in markets such as South Korea and Japan.
http://aclassasset.blogspot.com/2013/10/google-climbed-to-1000.html
BRUSSELS (Reuters) - Greece must step up efforts to reach an agreement with international lenders on how to close a 2 billion euro ($2.68 billion) financing gap in its 2014 budget, the head of euro zone finance ministers Jeroen Dijsselbloem said on Thursday.
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This is truly tragic. It’s time to count 87,000 Blue Cross and Blue Shield of Alabama customers among the millions of Americans who have lost their health insurance because of Obamacare.
From AL.com:
Blue Cross and Blue Shield of Alabama recently notified about 87,000 policy holders in the...
The bull market of recent months has been great for momentum swing traders, but there are several key warning signs that the party may be nearing an end.
Here’s the 2 key warning signals: http://blog.morpheustrading.com/3385
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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