You are here: Home / Archives for December 2011
December 31, 2011
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 yesterday. Prosecutors had alleged that Rubin, who served as CEO of CDR Financial, took kickbacks

Read more.

December 31, 2011
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 contract, as per which Boeing will test, engineer and manufacture a defense system capable of thwartin

Read more.

December 31, 2011
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 gold has to offer. Eldorado Gold (NYSE: EGO) has a pending $2.4 billion acquisition of European Gol

Read more.

December 30, 2011
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 regulators in Europe opposed the merger of NYSE Euronext with Deutsche Boerse AG, the shares of the form

Read more.

December 30, 2011
2012's Expected Stock Performance Overview NEW YORK, December 30 (FinanceEnquiry.com) - The following article talks about those stocks that have credentials to perform well in 2012. The four US companies with exceptional prospects for 2012 are scrutinized based on dividends and sale at discounted prices. Abbott Laboratories (ABT) has solid background with reasonable pricing and above average dividend. The company is engaged in prescriptio

Read more.

December 30, 2011
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 EUR/USD, as Euro was being pressed in other major currency pairs during the final session of the year

Read more.

December 30, 2011
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 turnaround soon. Traders with long positions in USD have been quite risky and exposure to the greenback m

Read more.

December 30, 2011
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 was estimated at $189 million. Premier Exhibitions (NASDAQ: PRXI), a museum exhibition company, wa

Read more.

December 30, 2011
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 home sales, which reached the highest level since April 2010. In October, the rise was 10.4 perc

Read more.

December 30, 2011
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

Read more.