DUBAI Oct 28 (Reuters) – Dubai Investments (DI),
the diversified Gulf-based investment group, is in advanced
talks to set up a university and a school as part of a move into
the expanding education and healthcare sectors, its chief
executive said on Tuesday.
As in many emerging markets around the world, education and
healthcare are fast-growing areas of the United Arab Emirates
economy, as an expanded middle-class demands more,
Other firms are also targeting investments in the sectors,
including South Africas biggest private hospital group
Mediclinic International and local start-up Amanat
Because of their similar business models, Annaly Capital Managements (NYSE: NLY) and CYS Investments (NYSE: CYS) stock prices have historically moved in tandem.
CYS reported third-quarter results on Oct. 20, becoming the first mortgage real estate investment trust, or mREIT, to report quarterly numbers in this earning season. Here are three of the most interesting takeaways for Annaly Capital Management leading into its earning on Nov. 5.
3. Earnings were OK
Because Annaly and CYS are investment companies they will have unrealized gains on investments. This is why core earnings — which include unrealized gains and losses on investments — is one of the first...
Earlier this month, a Wall Street Journal op-ed by Andrew Biggs and Sylvester Schieber (The Imaginary Retirement-Income Crisis, which reprised their January article, Retirees Arent Headed for the Poor House) attempted to debunk the long-held belief that Americans lack adequate retirement savings. Their methodology, which is built around the notion of career average earnings, is flawed and their conclusions are dangerously misleading.
Financial advisors, money managers and other financial services professionals can uniformly attest to the gap that exists between what individual investors expect to live on in retirement and what they are likely to have, based on what theyve accumulated...
He said to achieve the object, a debt management cell is being established, which is an essential component of Fiscal Responsibility and Debt Limitation (FRDL) law but so far the job remained...
Saturday Night Live, the legendary comedy show now in its 40th season, has introduced a rewards credit card that gives special bonuses for spending money on entertainment.
The Saturday Night Live MasterCard features a rewards program where people earn points every time they use their card. Cardholders can earn two points for every $1 spent on entertainment purchases, four points for every $1 spent on Saturday for entertainment purposes, and one point per $1 spent on all other purchases.
The points can be redeemed for exclusive SNL memorabilia, SNL content, travel tickets, gift cards and merchandise. The card is issued by Comenity Bank.
Cardholders who spend more than $500...
Financial experts do not make higher returns on their own investments than untrained investors, according to research by a Michigan State University business scholar.
The first-of-its-kind study analyzed the private portfolios of mutual fund managers and found the managers were surprisingly unsuccessful at outperforming nonprofessional investors. The findings suggest average investors might be better served to handle their own portfolios rather than pay the often-high fees charged by mutual fund managers, said Andrei Simonov, associate professor of finance.
The point is you have these very educated people who are supposed to know what they are doing, but they are just not that...
ON THE LAST DAY OF SEPTEMBER, AFTER their talks in the White House, United States President Barack Obama decided to join Indian Prime Minister Narendra Modi for a visit to the Martin Luther King, Jr memorial in Washington. The plan had been for Modi to go alone, but at the last minute Obama decided to join him. The statue of King at the memorial evokes not only the man but also the Civil Rights movement. King’s feet are not visible, covered over in uncut rock. King’s emergence from the rock suggests that he is part of a movement. His face is stern, his eyes confronting injustice. Quotations mark the rock, including one that captured his anti-war politics–“It...
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Source: 401kcalculator.org via flickr,
However, when it comes to debt management, not all debts are created equal. If youre in the fortunate position to have some extra cash to put toward paying down your debts, prioritizing your debts can be the most important factor toward your long-term financial health.
Even though it might sound good to pay down more on your house or your car, you might be able to put your money to better use.
Good debts: Leave them alone, even if your other debts are paid
When I say good debts, I mainly mean mortgages; but it can also refer to any low-interest debt, such as if you have a car loan at 1.9% APR.
Clarus Ventures in Cambridge is today naming a former Merck executive to oversee a new line of business that now makes up about half its total investments.
Nicholas Galakatos, the firms managing director, said that for the past three and a half years, Clarus has been overseeing late-stage drug trials in exchange for milestones or similar payments from pharmaceutical companies. To date, the firm has done nine such risk-sharing partnerships, he said.
Drugs which have been developed this way recently include Ibrutinib, a drug for B-cell cancers approved by the FDA in November 2013 and sold by Johnson Johnson under the name Imbruvica, and lenvatinib, a drug for thyroid cancer now under...