The News Review:
- Profit Falls at BlackRock on Downturn in Real Estate
- Nomura plans to set up S.Korea fund management JV
- racle To Buy Sun Putting Java Under New Management
- Focus Management advises bankrupt RV maker Monaco Coach
- Fifth Third shareholders bash management
- Management Consulting says year-to-date trading up
- CRRECTED – Hedge fund Target take off gloves in proxy fight
Profit Falls at BlackRock on Downturn in Real Estate
New York Times
de la MERCEDPublished: April 21 2009 Widespread turmoil throughout the markets took a hard toll on BlackRock the big money management company that has been hired to work on government aid programs. The firm reported a 56 percent slump in first-quarter profit on Tuesday a signal that other asset management companies might also soon report steep drops in net income. Skip to next paragraph.
Nomura plans to set up S.Korea fund management JV
Reuters
T) has applied for a licence to establish its first asset management company in South Korea a regulatory official said on Wednesday. The financial group is planning to.
racle To Buy Sun Putting Java Under New Management
Washington Post
Analysts cautioned however that [CE name here] faces numerous challenges in integrating the two firms especially considering [Company B's] recent troubles. In this case the industry is computer software and services; Company A is.
Focus Management advises bankrupt RV maker Monaco Coach
Bizjournals.com
under an order entered by a bankruptcy judge. Focus Management headquartered in Tampa is performing a broad range of financial reporting consulting and advisory services the company said in a release. Focus Management also provided Monaco Coach with advisory services before Monaco Coach filed for Chapter 11 bankruptcy relief on March 5 the release said. Monaco Coach (PINK SHEETS: MCAQ) is a Coburg re. recreational vehicle manufacturer that sells RVs under the Monaco Coach Holiday Rambler Safari Beaver McKenzie R-Vision and Dodge brand names.
Related from Restorehousatonic: Monaco Coach receives $50M offer for main assets
Fifth Third shareholders bash management
Bizjournals.com
But Kabat told shareholders Fifth Third’s capital position is strong and getting stronger and that the bank is positioned to rebound once the economy shows signs of life. He pointed to its March agreement to sell 51 percent of its payment processing unit for $1.
Management Consulting says year-to-date trading up
Reuters
5 mln stg in H1 * Says continues to trade within banking covenant limits * Says to make tough decisions if needed * Shares fall 3. 3 pct (Adds details) April 21 (Reuters) – Management Consulting Group Plc (NZX.
CRRECTED – Hedge fund Target take off gloves in proxy fight
Reuters
The New York-based hedge fund which owns about 7. 8 percentof Target’s shares and the Minneapolis-based retailer firedoff a string of regulatory filings on Tuesday as the battle forvotes intensified before the May 28 annual meeting. In a 72-page regulatory filing activist investor WilliamAckman who scored a victory last week when shopping malloperator General Growth Properties filed for bankruptcy aftermonths of prodding again asked shareholders to elect his slateof five independent directors including himself. He praised management as he often does but his tone wassharper about the board’s perceived shortcomings.