Actis invested $58 million in Companhia Sulamericana de Distribuição, which operates supermarket chains São Francisco and Cidade Canção. This marks Actis’ first investment in Brazil.
PRESS RELEASE
Read more »Actis Makes First Brazilian Investment; $58 Million In Supermarket Chain
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Jobs and services on the docket
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The Labor Department's August Employment Situtation report and ISM's non-manufacturing index have the potential to move stocks.
Read more »Indexes above resistance
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A late-day push kept the indexes above their 50-day moving averages, which are now support.
Read more »Bonus Watch ‘10: Girding Of Loins At Morgan Stanley?
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From the mail bag:
“People quitting all over the place here. Lots of guys leaving sales/trading/research, mostly for hedge funds, probably because none of us are getting paid this year. Management setting expectations very low.
Read more »Help Me To Understand: How Stalking Kenneth Starr’s Pole Dancing Wife Is Going To Clear Wesley Snipes’ Name On Tax Evasion
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As is widely known, Wesley Snipes was found guilty of tax evasion a little while back, a charge which the actor believes to be bull shit. Because he would prefer not to go to prison for three years, Wes is attempting to appeal the verdict.
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Momenta faces bearish trade
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The biotech surged higher last month, but today's trade expects the drift lower to continue.
Read more »If You Make A Smart-Aleck Comment About Vikram Pandit, Does He Not Apply Lipstick And Add Your Name To His ‘To Kill List’?
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Moreover, Mr. Pandit seems uncomfortable as the leader of one of the nation’s biggest banks. He shuns most interviews, and he is prone to overreact to criticism no matter the source, be it The Wall Street Journal or a minor blog. Reports suggest Mr. Pandit is behind Mr.
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A tale of two volatilities
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The VIX and VXX are each on their own trajectories, and Chris McKhann explains why.
Read more »Data supports bulls and bears
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Today's economic reports offered a little something for everyone.
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