Founder Rubin and CDR Financial Plead Guilty On Bid-Rigging Charges

New York, December 31 (FinanceEnquiry.com) – Less than a week before CDR Financial Products Inc. and its founder, David Rubin, were to appear for trial on charges related to a federal investigation of bid- and auction-rigging in the municipal bond market, they pleaded guilty in Manhattan federal court...

Boeing (BA)Grabs $3.48B Missile Defense System Contract

New York, December 31 (FinanceEnquiry.com) – A $3.48 billion contract from the US Missile Defense Agency has been awarded to Boeing Co (NYSE: BA) for building a U.S. shield against long-range ballistic missiles. Boeing defeated its rival Lockheed Martin Corp (NYSE: LMT) in securing the seven-year...

Top Gold Picks For 2012

NEW YORK, December 31 (FinanceEnquiry.com) – Many market experts recommend to maintain some exposure to gold as we head for 2012. Because of the recent sell-off in gold mining stocks, both institutional and retail investors have chosen to give up. The following are some of the very best stocks that...

Unionized NJ Office Cleaners Strike Averted as Tentative Four Year Contract Reached

New York, December 30 (FinanceEnquiry.com) – A tentative four-year contract agreement aimed at increasing wages has been reached by a union representing 7,000 office cleaners in New Jersey, thereby averting an impending strike from Jan 1. The tentative contract has been described as “a win for...

US Dollar Expected To Outperform In 2012

NEW YORK, December 30 (FinanceEnquiry.com) – The Euro is expected to end this year below 1.3000 mark after creating a new 2011 low of 1.2858 on Thursday. Considering the Eurozone crisis, which took the Center stage in 2011, the bearish close is justified. The market participants kept a close eye on...

Foreign Investment in US Equities in 2012

NEW YORK, December 30 (FinanceEnquiry.com) – Many market experts believe that it is an ideal opportunity for a portfolio hedge in 2012 and potential arbitrage strategy. In general, currencies have been performing outstandingly against the dollar in recent years and this pattern is expected to...

With $37 Billion of Takeovers Failing, Exchange Mergers Heading to Cold Storage

New York, December 31 (FinanceEnquiry.com) – Investors were left out in the cold in 2011, as the largest ever number of takeover offers for publicly-traded stock and derivatives exchanges did not materialize except for one deal. Above $21 billion of equity value has been lost in this process. As...

Entire Collection of Titanic Artifacts To Be Put On Auction

New York, December 30 (FinanceEnquiry.com) – On the 100th anniversary of the tragic sinking of the famed ocean liner Titanic, the biggest collection of artifacts recovered from seven research and recovery expeditions will be sold off as a single lot in an auction. The value of the 5,500 items in 2007...

Sales of Previously-Owned US Homes Rose 7.3% in November

New York, December 30 (FinanceEnquiry.com) – Taking advantage of low borrowing costs and falling prices, demand for previously-owned homes has surged, as is evident from the number of Americans signing contracts, which have risen in November. There was an increase of 7.3 percent in the index of pending...

Commodity Overview for December 29

NEW YORK, December 30 (FinanceEnquiry.com) – On Thursday, as oil slipped, it resulted in wiping previous gains in thin pre-holiday trade. New York

Distressed Performance by Commodities in 2011

NEW YORK, December 30 (FinanceEnquiry.com) – The overall outlook for commodities was disappointing in 2011 as they incurred huge losses, however some assets proved to be strong during the year. The 2011 started well with gold futures being calm after their 30% surge, silver just experienced an 84%...

TCW and Gundlach Settle Suit

New York, December 30 (FinanceEnquiry.com) – The Trust Company of the West, the California-based mutual fund, announced that it has settled its lawsuit with its former CIO, Jeffrey E. Gundlach. Terms of the settlement were not known, however it brought to end a bitter and protracted dispute that had...