plus 4, Healthcare, tech lift stocks - MSN Money |
- Healthcare, tech lift stocks - MSN Money
- US troops land at Haiti presidential palace - The State
- Dan Golding Joins DH Capital - Private Equity Hub
- Carl Marks Advisory Group Advises Coastal Concrete in Successful ... - Biloxi Sun Herald
- House Panel Asks Paulson to Testify in AIG Probe - Insurance Journal
| Healthcare, tech lift stocks - MSN Money Posted: 19 Jan 2010 07:35 AM PST
Stocks were moving higher today as investors shrugged off Citigroup's (C) loss and focused on gains in health care and technology.
Merck (MRK) was up $1.23, or 3.1%, to $40.70, Pfizer (PFE) was up 42 cents, or 2.1%, to $19.91, and Johnson & Johnson (JNJ) rose $1.03, or 1.6%, to $65.59. The entire sector rallied because of today's special election in Massachusetts to replace the late Sen. Edward Kennedy.
IBM (IBM) was up $1.13, or 0.9%, to $132.91 this afternoon, ahead of its earnings report after the bell.
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| US troops land at Haiti presidential palace - The State Posted: 19 Jan 2010 08:25 AM PST Haitians jammed the fence of the palace grounds to gawk and cheer as U.S. troops emerged from six Navy helicopters. "We are happy that they are coming, because we have so many problems," said Fede Felissaint, a hairdresser. Given the circumstances, he did not even mind the troops taking up positions at the presidential palace. "If they want, they can stay longer than in 1915," he said, a reference to the start of a 19-year U.S. military presence in Haiti - something U.S. officials have repeatedly insisted they have no intention of repeating. A full week after the quake, the capital's port remains blocked and the city's lone airport remains a chokepoint that the U.S. military is trying to expand. Tens of thousands of people sleep in the streets or under plastic sheets in makeshift camps. Relief workers say they fear visiting some parts of the city. Just four blocks from U.S. troop landing at the palace, hundreds of looters were rampaging through downtown. "That is how it is. There is nothing we can do," said Haitian police officer Arina Bence, who was trying to keep civilians out of the looting zone for their own safety. People in one hillside Port-au-Prince district blocked off access to their street with cars and asked local young men to patrol for looters. "We never count on the government here," said Tatony Vieux, 29. "Never." European Commission analysts estimate 250,000 were injured and 1.5 million were made homeless and many are exasperated by the delays in getting aid. "I simply don't understand what is taking the foreigners so long," said Raymond Saintfort, a pharmacist who brought two suitcases of aspirin and antiseptics to the ruins of a nursing home where dozens of residents suffered. Aid workers have distributed more than 250,000 daily food rations, with about half coming from the U.S. military, since the earthquake hit, according to the World Food Program, though that is still far short of needs. The U.N. agency said 16 million ready-to-eat meals were on the way, many of them supposed to arrive within a week, and it hopes to have 100 million served over the next 30 days. The U.S. military says it can now get 100 flights a day through the airport, up from 60 last week, but still could use more. The Pentagon announced that it is improving two other airfields for aid flights within the next two days, one in the Haitian town of Jacmel and another in the Dominican Republic. The relief aid into earthquake stricken Haiti, the U.S. military says it will begin using two additional airports in the next two days. Troops parachuted pallets of supplies to a secured area outside the city on Monday rather than further clog the airport. American Airlines said it has warehouses full of donated food in Miami but has been unable to fly it to Port-au-Prince. Meanwhile, rescuers continued finding survivors. International rescue teams working together pulled two Haitian women from a collapsed university building, using machinery commonly nicknamed "jaws of life" to cut away debris and allow rescuers to pull them out on stretchers. A sister of one of the survivors shouted praises to God when the women emerged. In the city's Bourdon area, a large team of French, Dominican and Panamanian rescuers using high-tech detection equipment said they heard heartbeats underneath the rubble of a bank building and worked into the night to try and rescue a survivor. The husband of a missing woman watched from a crowd of onlookers, "I'm going to be here until I find my wife, I'll keep it up until I find her, dead or alive," said Witchar Longfosse. In New York, the U.N.'s most powerful body voted unanimously to bolster the international peacekeeping corps already in Haiti. U.N. peacekeeping chief Alain Le Roy said the extra soldiers are essential to protect humanitarian convoys and as a reserve force if security deteriorates further. He said earlier that unruly crowds often gather where food and water is being distributed and said Haitian police had returned to the streets in only "limited numbers." Some 2,000 newly arrived U.S. Marines also were parked on ships offshore and the Pentagon said more troops are on the way to help distribute aid. Italy, Spain and Venezuela say they, too, are sending naval ships to help. U.S. Defense Secretary Robert Gates said Monday the U.S. troops plan to leave policing to the United Nations force, though he said they can defend themselves and innocent Haitians or foreigners if lawlessness boils over. Medical relief workers say they are treating gunshot wounds in addition to broken bones and other quake-related injuries. Nighttime is especially perilous and locals have formed night brigades and machete-armed mobs to fight bandits across the capital. "It gets too dangerous," said Remi Rollin, an armed private security guard hired by a shopkeeper to ward off looters. "After sunset, police shoot on sight." In the sprawling Cite Soleil slum, gangsters are reassuming control after escaping from the city's notorious main penitentiary and police urge citizens to take justice into their own hands. "If you don't kill the criminals, they will all come back," a Haitian police officer shouted over a loudspeaker. Elsewhere, overwhelmed surgeons appealed for anesthetics, scalpels, and saws for cutting off crushed limbs. Former U.S. President Bill Clinton, visiting one hospital, reported its staff had to use vodka to sterilize equipment. "It's astonishing what the Haitians have been able to accomplish," he said. Thousands are streaming out of Port-au-Prince, crowding aboard buses headed toward countryside villages. Charlemagne Ulrick planned to stay behind after putting his three children on a truck for an all-day journey to Haiti's northwestern peninsula. "They have to go and save themselves," said Ulrick, a dentist. "I don't know when they're coming back." U.S. and Haitian officials also warned any efforts of Haitians to reach the United States by boat would be thwarted. Haiti's ambassador in Washington, Raymond Joseph, recorded a message in Creole to his countrymen, urging them not to leave. "If you think you will reach the U.S. and all the doors will be wide open to you, that's not at all the case," Joseph said, according to a transcript on America.gov, a State Department Web site. "And they will intercept you right on the water and send you back home where you came from." 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| Dan Golding Joins DH Capital - Private Equity Hub Posted: 19 Jan 2010 08:39 AM PST Dan Golding has joined botique investment bank DH Capital as a managing director, with a focus on the Internet indfrastructure sector. He previously was a VP of research with Tier1 Research. PRESS RELEASE DH Capital, LLC, an investment banking firm serving the Internet Infrastructure and telecommunications industries, announces the addition of Daniel Golding as a Managing Director. Mr. Golding brings a combination of deep technical, product, and financial expertise that will strengthen DH Capital's position as the leading investment bank serving the Internet Infrastructure sector. "We are thrilled to have Dan join the DH Capital team" stated Peter Hopper, President and Co-Founder of DH Capital. "Dan's reputation as a leading analyst is well known and well deserved. Dan will be bringing his considerable talents to DH Capital and, most importantly, to our clients. His addition to our firm further strengthens our position as the leading advisor for M&A, capital placements and consulting services to the Internet Infrastructure sector." Prior to joining DH Capital, Dan was Vice President of Research at industry analyst firm Tier1 Research, where he supervised research efforts in the areas of shared, dedicated, and managed hosting, and led the firm's entrance into the datacenter and cloud computing sectors. Dan was chairman of the Hosting Transformation Summit for the past three years, as well as the founder of the Hosting Transformation Summit Europe and Datacenter Transformation Summit events. He also served as a member of the executive team at the 451 Group, Tier 1's parent firm. While at Tier 1, Dan worked closely with dozens of Internet infrastructure firms, private equity funds, and investment banks. At DH Capital, Dan will continue to provide his insight and expertise to DH Capital clients. "The best part of my job is helping firms to chart a new course through this complex market and turn their plans into realities, from server architectures and network products to financing and investment options" said Mr. Golding. Prior to Tier1, Dan worked for enterprise consultancy The Burton Group, providing advice on network strategies to Fortune 500 and Global 2000 firms. He previously led global peering efforts at America Online and served as a nuclear engineer in the US Navy. Dan is a graduate of Auburn University with a Bachelors of Engineering degree, and received a Master's Degree in Telecommunications from George Mason University. About DH Capital, LLC DH Capital is a private investment banking partnership serving companies in the Communications and Internet Infrastructure sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm's principals have extensive experience and proven abilities in capital formation, finance, research, business development and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers & acquisitions, private capital placements, financial restructuring, and operational consulting. The principals of DH Capital have led hundreds of transactions, including mergers and acquisitions totaling in excess of $10 billion, private equity placements totaling more than $1 billion, and debt placements totaling in excess of $10 billion. For additional information about DH Capital, please contact us at 212-774-3720 or visit our website at www.dhcapital.com. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Carl Marks Advisory Group Advises Coastal Concrete in Successful ... - Biloxi Sun Herald Posted: 19 Jan 2010 08:46 AM PST CMAG managed Coastal Concrete's restructuring process, rightsizing the capital structure to improve future liquidity for the company. As a result of the restructuring, Coastal Concrete has developed into a much stronger company. "Coastal Concrete has served the construction market in the Southeast for more than two decades and is very important to the region's economy, employing a significant number of individuals," said Warren H. Feder, partner, CMAG. "The company's exceptional management team was key to the restructuring success. They went to great lengths to ensure that the employees and their families will continue to have the opportunity to grow with Coastal. Being part of that experience has meant a great deal to the Carl Marks team." The successful reorganization, combined with the nascent signs for recovery in the Southeast's construction market, positions Coastal Concrete for an optimistic future, Feder added. About Carl Marks Advisory Group LLC and Carl Marks Securities LLC Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial and operational advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com. SOURCE Carl Marks Advisory Group LLC Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| House Panel Asks Paulson to Testify in AIG Probe - Insurance Journal Posted: 19 Jan 2010 07:56 AM PST A House panel slated to look into the collapse and bailout of insurer American International Group has widened its probe, adding former Treasury Secretary Henry Paulson to its list of invited witnesses. Paulson, who was asked Friday to testify, would join his successor, Timothy Geithner, in explaining the roles they played in not disclosing payments AIG made to bank counterparties after receiving a taxpayer bailout. Democratic Rep. Edolphus Towns, chair of the House Oversight and Government Reform Committee, labeled the payments a "backdoor bailout: for banks and scheduled a Jan. 27 hearing. Geithner has taken heat since e-mails surfaced last week that showed lawyers for the New York Federal Reserve advised AIG not to disclose payments that gave 100 cents on the dollar to banks holding AIG credit default swaps. Geithner, who led the New York Fed at the time, has said bailout funds to AIG were not meant to help big banks and that he had no involvement in the decision to withhold the information from filings for securities regulators. But he contends there were no legal means to prevent AIG from making the payments, and making the payments at par was the right thing to do. Stephen Friedman, the former chairman of the New York Fed who now sits on Goldman Sachs' board of directors, was also added to the list of invited witnesses. Spokesmen for Paulson and Friedman were not immediately available for comment. Along with Geithner, Neil Barofsky, special inspector general for the Troubled Asset Relief Program; Elias Habayeb, former chief financial officer of AIG Financial Services Group; and Thomas Baxter, general counsel for the New York Fed, have been confirmed to testify. The federal rescue of AIG funneled $180 billion of taxpayer money to the company in September 2008, a move criticized by the public and lawmakers. Geithner insists "this crisis would have been much more damaging" without the bailout. (Reporting by Jasmin Melvin; Editing by Peter Cooney) Comments? Click here to post a comment about this article Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.  This posting includes an audio/video/photo media file: Download Now |
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