* Restated profits $381 mln lower in November * Analysts blame over-ambitious revenue recognition * Dividends to be reined in as company rebuilds * Problems a warning for potential foreign investors By Matt Smith DUBAI, Feb 24 (Reuters) – An accounting scandal at Saudi Arabia’s Mobily is set to constrain dividend …
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U.S. existing home sales, economic activity gauge rise
The National Association of Realtors said on Friday existing home sales increased 2.4 percent to an annual rate of 5.04 million units last month. "The still-tight mortgage credit conditions and more challenging first-time homebuyer affordability that were revealed by the failure of home sales to continue recovering last year …
Avoid Netting Risk With Alternative Mutual Funds – Seeking Alpha (registration)
NewsHub.orgAvoid Netting Risk With Alternative Mutual FundsSeeking Alpha (registration)Alternative investments allow investors to diversify their holdings away from traditional investment strategies, and thereby smooth out and potentially enhance long-term returns. Within the alternatives sphere, there are many investment vehicles …What makes Mutual Fund a sound investment option?NewsHub….
John Prestbo’s Indexed Investor: ETFs are your best way to own Internet stocks
The Internet sector continues to be worthy of investors’ attention, and an index-based ETF remains the best way to gain diversified exposure, writes John Prestbo.
Stocks to Watch: Intel, Finisar are Friday’s stocks to watch
Among the companies whose shares are expected to see active trading in Friday’s session are Intel and Finisar.
Roman Abramovich Invests $15M In New US Fracking Technology
Are the Russians coming to Texas riding the tailwinds of fracking? That depends on who you ask, as some believe Russian forces were behind the anti-fracking vote in Denton, while a $15 million investment in new Texas fracking technology by Roman Abramovich perhaps tells another story. When the anti-…
North Sea oil and gas spending to plunge
Rising costs, heavy taxes and price slide could lead to accelerated decommissioning of fields
Price & Time: USD/JPY Waiting On A Catalyst
Yellen ‘Humphrey Hawkins’ testimony the directional trigger?
Fannie Mae and Freddie Mac: Never been better
UK Only Article: standard article Fly Title: Fannie Mae and Freddie Mac Rubric: America's mortgage-insurance giants are making bigger profits than before the crisis Byline: C.R. & T.E. Location: LONDON AND NEW YORK Main image: 20150221_fnp511.jpg FANNIE MAE and Freddie Mac may sound …
Central Bank Commentary to Provide Spark for USD, GBP, CAD
The BoC, BoE, and Fed will all be updating markets on their recent perspectives and implications on monetary policy today.
Australian venues ban ‘narcissistic’ selfie sticks
The promoter of the Soundwave music festival, held in major cities across Australia, has vowed to crack down on “selfie” sticks, saying they are preventing concertgoers from enjoying the show. Promoter AJ Maddah’s concerns come as the Sydney Entertainment Centre, now Qantas Credit Union Arena, confirmed to Fairfax Media that …
Yellen Monetary Policy on Tap – Fox Business
Fox BusinessYellen Monetary Policy on TapFox BusinessFederal Reserve Chair Janet Yellen begins two days of testimony Tuesday before Congress and the goal of the politicians will be to glean from Yellen some as-yet ungleaned clue as to the when the central bank plans to raise interest rates. In all …
The Barnes Foundation discovers two sketches by Paul Cézanne behind watercolors
During a recent paper conservation treatment, the Barnes Foundation discovered two unfinished sketches—one graphite and one watercolor— on the reverse sides of two watercolors by Cézanne, which depict the landscape of southern France: The Chaine de l’Etoile Mountains (BF650) and Trees (BF655), normally on view …
Did Holbein invent Henry VIII?
In a Culture Show special, Waldemar Januszczak looks at the work of Hans Holbein the Younger. He argues that the painter was integral to our idea of the Tudors.
‘Guardians’ Director James Gunn Defends Superhero Movies After Oscars Diss
“Guardians of the Galaxy,” last year’s highest-grossing comic book movie, was nominated for two Oscars during Sunday’s ceremony. But despite the inclusion, “Guardians” and its brethren were on the receiving end of a diss from Jack Black during the Oscars’ opening musical number. “Opening with lots of zeroes, …
Greece on course for euro bailout extension after concessions – Reuters
ReutersGreece on course for euro bailout extension after concessionsReutersBERLIN/BRUSSELS (Reuters) – Greece was on course to win a four-month extension of its euro zone financial rescue on Tuesday after backing down further to its partners on key leftist reforms and promising that measures to alleviate social distress will not ……
BMO profit dips to just over $1 billion
Bank of Montreal reports it had a lower first-quarter profit than last year, although its main Canadian banking arm and other major parts of its business still showed growth.
Cheap oil is crushing North Sea industry
Cheap oil and rising production costs are killing the North Sea energy industry.