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Dear Dr. Don, I recently transferred a portion of assets in a mutual fund in my company 401(k) to a money market mutual fund in the same 401(k). I understand the net asset value, or NAV, is always supposed to be $1. However,... [read full story]
It is this observation, delivered in a March 2007 speech by Federal Reserve governor Kevin Warsh: "Liquidity is confidence." So when Dubai World, the corporate affiliate of the emirate of Dubai, sought to suspend debt payments...
Chinese property developer Kaisa Group Holdings Ltd, today began its initial public offering on the Hong Kong Stock Exchange to raise up to HK$4.45 billion, sources reported. The Shenzhen-based developer plans to issue up to 1...
China Crescent Enterprises, Inc. (OTCBB: CCTR) has scheduled a shareholder update Webcast for Tuesday, December 1, 2009. The Webcast agenda includes a review of the recently released letter to shareholders on the enhanced...
If made durable and repairable, where is the profit? Lizabeth Cohen, chair of the History Department at Harvard University and author of A Consumers’ Republic: The Politics of Mass Consumption in Postwar America (Vintage,...
