July 30th, 2008
Frost Investment Advisors has selected SEI to provide full-service fund operations outsourcing for its $1.7 billion mutual fund.
SEI’s series trust service, known as the Advisors’ Inner Circle, allows investment managers like Frost to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.
As part of the process, SEI will provide fund […]
Filed under: finance by Finance Boss
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July 29th, 2008
The U.S. budget deficit will widen to a record of about $490 billion next year, an administration official said, leaving a deep budget hole that will constrain the next president's tax and spending plans.
The projected deficit for the fiscal year that begins Oct. 1 is higher than the $407 billion forecast by President […]
Filed under: term by Finance Boss
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July 28th, 2008
The U.S. lost jobs in July for the seventh straight month, a sign the economy may weaken after tax rebates boosted growth in the second quarter, economists said before reports this week.
Payrolls probably shrank by 75,000, according to the median estimate in a Bloomberg News survey ahead of a Labor Department report on […]
Filed under: technology by Finance Boss
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July 24th, 2008
New Zealand's central bank cut its benchmark interest rate by a quarter point to 8 percent, the first reduction in five years, saying slowing economic growth will curb inflation.
The nation's currency fell and stocks rose after Reserve Bank Governor Alan Bollard said he may cut rates further. “Economic activity is likely to remain […]
Filed under: online by Finance Boss
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July 22nd, 2008
The Hawaii Tourism Authority announced the fifth annual Hawaii Tourism Conference will take place Aug. 7-8 at the Hawaii Convention Center
Conference topics will include the latest tourism issues and trends and will feature local and national industry experts. The conferees also will discuss topics such as preparing for Korean and Chinese visitors, airlift […]
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July 20th, 2008
Stock in Bridge Capital Holdings fell about 7 percent Friday after the parent company of Bridge Bank reported a 46 percent drop in net earnings and a large increase in non-performing loans.
The San Jose bank holding company (NASDAQ:BBNK) said on Thursday net income dropped 46 percent to $1.6 million, or 23 cents […]
Filed under: money by Finance Boss
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July 17th, 2008
In effort to boost the local farm economy, the Southern Maryland Agricultural Development Commission will head a new fresh produce initiative starting Monday.
If every household in Southern Maryland spent $12 per week on local produce for 8 weeks, $54 million would go directly back to their farmers, according to Christine Bergmark, director of the commission.
The […]
Filed under: management by Finance Boss
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July 16th, 2008
Consumer prices in the U.S. probably rose in June by the most in seven months as Americans paid more for fuel and food, a government report today may show.
The cost of living increased 0.7 percent after a 0.6 percent gain in May, according to the median forecast of 79 economists surveyed by Bloomberg […]
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July 10th, 2008
American commuters are making some sacrifices in their social lives to counter rising prices at the gas pumps, according to a CareerBuilder.com survey published July 9.
Of the 89 percent of workers who said they drive to work, 47 percent said they had to give up something in order to afford the gas […]
Filed under: business by Finance Boss
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July 8th, 2008
Leaders from the Group of Eight countries said the rising cost of crude oil and food is posing risks to the global economy, and they called on energy-exporting nations to invest more in production.
The world economy is facing “uncertainty'' and “downside risks persist,'' the group said in a statement issued today in Toyako, […]
Filed under: technology by Finance Boss
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