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Management is finally listening. We published a report three years ago saying what if Interest Rates dont rise . Well, Interest Rates didnt rise. They are in a tougher position than they were then. Today is the day comerica moves from plan a to plan b. They said they have a sense of urgency to restructure. All options are on the table. They would consider Strategic Alternatives at least seven times during the annual meeting. So the number of times they said that convinces you . They have already said that everything is on the table. Well, you had not only the ceo saying that but the director was also stressing that. They also said once they review what the consultant is completed they will especially look at the potential for Strategic Alternatives. ....
Twoday fed meeting begins tomorrow. Crude prices, bouncing off the new 5 1 2 year lows. Looking to come back since their worst week since 2012. Consortium led by bc led by petsmart. Latest on the continuing hostage situation in sydney, australia. Futures on the rise, so are crude prices which fell to 5 1 2 year lows stock markets seven week winning streak ended with a thud and the selloff on friday. Last week the dow fell 3. 8 . S p down 3. 5 , almost every major average, jim, every major sector, was down except utilities, barely got into the green for the week. I went over the chart this weekend and they were amazing. The number of companies, stocks rolling over here, maybe it can be reversed but i see the oil futures hanging by a thread. We go to 57, 56, s p futures will be down. Were just not in a moment right now where people are actually distinguishing between winners and losers. Utility move was part because people feel u. S. Will need more power because they are bond market equi ....
OP-ED With Magellan CEO David George hinting at possible acquisitions, the appointment of Andrew Formica, who pursued an aggressive M&A strategy for Henderson as its former CEO, is an interesting move. ....
Janus Henderson has reported its quarterly results and the progress on its strategic plan to reposition the business as CEO Ali Dibadj marks his first year with the asset manager. ....
The asset manager has announced the appointment of Ashleigh Lane as an institutional sales director in its growing Australian team, effective 1 August 2023. ....