Posts Tagged ‘Momentum’

Geithner, Brown Split on Tobin Tax at G-20 Meeting

(Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.

U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.

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Buffett carefully shifts Berkshire from stocks to bonds

Preparing for a shaky economic recovery that could take a while to pick up momentum, Warren Buffett is rebalancing the investments of Berkshire Hathaway. He is scaling back investment in stocks and putting more capital into corporate and government debt.

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NYSE gains momentum in IPO battle with Nasdaq

This year, the New York Stock Exchange has snagged 11 of the 15 initial public offering listings, while Nasdaq has stumbled, according to data from Thomson Reuters. Nasdaq had more than 90% of IPO listings in 1999 and 2000 and a 67% market share as recently as 2007. Analysts suggest the shift in market share may be a result of efforts on the part of NYSE Euronext to establish new benchmarks for listings.


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