| PC Universe Receives Private Equity Investment From Sierra Equity ...
BOCA RATON, Fla., April 10 /PRNewswire-FirstCall/ -- PC Universe (Pink Sheets: PCUV), a leading online computer reseller, announced today the closing of a $2 million private equity investment from Sierra Equity Group, LTD. PC Universe plans to use the proceeds to continue to grow sales, implement new systems and enhance working capital financing. "We are excited about our first major private equity investment after over 11 years of successful business operations," said Tom Livia, president and co- founder, PC Universe, Inc. Livia added, "We are pleased about our partnership with Sierra Equity Group who recognizes the value in our company's business strategy." "We are impressed with PC Universe's past successes and future plans. We are pleased that we could provide PC Universe with funding that enables them to execute their business plan," Alan Goddard, CEO, Sierra Equity Group.
Interview With Structured Products Expert Moorad Choudhry
Professor Moorad Choudhry is one of the industry experts when it comes to structured products, and has worked over 18 years in investment banking including experience at ABN Amro Bank NV and JPMorgan Chase Bank.He has written the following books: (1) The Bond and Money Markets: Strategy, Trading, Analysis, Butterworth-Heinemann 2001 (2) Handbook of European Fixed Income Securities (editor, with Frank Fabozzi), John Wiley 2004 (3) Analyzing and Interpreting the Yield Curve , John Wiley 2003 (4) Structured Credit Products, John Wiley 2004 (5) The Repo Handbook , Butterworth Heinemann 2002 (6) Capital Market Instruments: Analysis and Valuation , 2nd Edition, Palgrave MacMillan 2005 and (7) The Credit Default Swap Basis, Bloomberg Press 2006. For more of his excellent writings, please visit this linkMoorad talked to me in his capacity as Visiting Professor at the Department of Economics, London Metropolitan University.
Online banking customers deserve better security
New Zealanders have a right to better protection from banks against scamming attacks and should demand better security for online banking, said Mike Heath, General Manager of New Zealand’s online savings and investment service, RaboPlus. “The country’s biggest banks are all encouraging their customers to use online services, however many banks here lag behind in the security they offer to their online banking customers,” said Mr Heath. Overseas, consumer legislation and the growing number of phishing attacks has motivated many European banks to improve their security measures. Interpol has found that countries which have better protected online industries are significantly less likely to be targeted. “Unless banks in New Zealand step up the security they offer their online banking customers, it is possible we will see more and more fraudsters targeting New Zealanders,” said Mr Heath.
* At Market Close
ALVAREZ & MARSAL LLC (New York) -- Chuck Finch was named a managing director and head of the Kansas City, Mo., office at this advisory and consulting firm. Mr. Finch, 53 years old, was a partner with PricewaterhouseCoopers International Ltd. and Grant Thornton LLP. BARCLAYS PLC (London) -- Michael Graf was named a managing director and head of U.S. dollar agency, supra sovereign, and covered-bond trading at Barclays Capital, a division of this bank. Mr. Graf, 48, was a managing director and head of U.S. dollar agency trading at Merrill Lynch & Co. CHRISTIAN & TIMBERS LLC (New York) -- ... .
Icahn increases his investment in phone firm
Billionaire investor Carl Icahn, who's seeking a position on Motorola Inc.'s board, boosted his stake in the world's second-largest maker of mobile phones to 2.9 per cent. Icahn and his affiliated entities raised their ownership from 2.7 per cent, according to a filing with the U.S. Securities and Exchange Commission yesterday. He's the sixth-biggest shareholder in Schaumburg, Ill.-based Motorola. The mobile-phone firm, which last month forecast a loss for the latest quarter and the first sales decline in four years, has said it won't endorse Icahn's board nomination. .
Are we saving too much?
A group of economists from the University of Wisconsin think people are socking away too much money for retirement. Based on a study by a trio of authors, the report, "Are Americans Saving 'Optimally' for Retirement?" concluded that Americans are saving too much for retirement... and not having enough fun with their money today. Area investment advisors, however, disagree. "I don't think you could ever save too much for retirement," said First Insurance and Investments financial advisor Shari Wyse. "In general, from things I've read and seen, most people aren't saving enough money for retirement." Phil Recker of Edward Jones Investments of Paulding agreed with Wyse. "You can never be overly prepared when it comes to your financial future," he said.
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