on Jan 24th, 2009Madoff Investment Trustee Asks for More Time on Assets (Law.com via Yahoo! Finance)
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The trustee over the liquidation of Bernard L. Madoff Investment Securities has asked a federal bankruptcy judge for a 60-day extension to further look into the assets of Madoff, who is accused of orchestrating a $50 billion Ponzi scheme.
Investment banker is winning bidder for Chicago Cubs (National Post)
Chicago investment bank head Tom Ricketts may have been tapped as the winning bidder for the Chicago Cubs baseball team, but he remains weeks if not months from sitting in the owners box at storied Wrigley Field.
Stock market basics
Whether you are planning to get retired or financing your children’s education with a worry free mind, you need to have a back-up for supporting you in times like these. Not every single person is born with a golden spoon, so majority of us have to struggle in order to succeed in the life and make it beautiful and worry free. You can avoid the worries of supporting your son’s higher education, building your home or living your life after retirement by making some very simple yet very crucial decision. You can start a side business, so when you reach near your retirement you have a handsome amount of bank balance. But we all know how time consuming all these businesses are and one can possible not operate a business while doing a regular job. So what to do? Well you can invest your money in a place where you don’t have to keep checking it everyday and monitor it daily. There is an investment technique by which you can invest your money and then forget about worrying for it. This investment is called “investing in the stock market”. You can invest in the stock market in order to get handsome profits on your investment. People have become millionaire just by investing in the stock market. Stock market is like the biggest investment business in world. There are companies listed (associated with the stock market) in the stock market. You can buy shares of these companies and get benefit on them. There are a lot of products which you can buy in the stock market and earn profit on. The three major and the most popular investing products of a stock market are: * Stocks (stocks are basically shares of a particular company. When you buy a stock, you acquire certain ownerships in that specific company. You are given a profit on those shares. Apart from that you can acquire money by selling the shares. Their prices keep fluctuating. When you mark a higher price you can instantly sell the stocks. Not every company gives a certain amount of profit (dividend) on the purchased shares) * Bonds (bonds are basically investment in securities. You buy securities in order to provide sufficient funds to a specific company. This kind of investment is somewhat secure as compared to the stocks. The return on the investment is not very high). * Mutual funds (mutual funds is basically the investment in specific securities and bonds as a group of investors. You invest with a group by hiring a professional asset manager, who specifies you the best option available and tells you the best stock or securities to invest in).
