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Composite Portfolio Midday Report (7/16/13)

|Includes: ALSK, ANH, BPT, ENIA, EXD, GOLD, HTS, SAN, UMC, Xinyuan Real Estate Co., Ltd. (XIN)

Name     Today's
% Value
Widows and Orphans     -0.10%      
Climbers and Dogs     -0.23%      
Pretty Girls and Railroads     -0.28%      
Total     -0.20%
  • Commerzbank: silly season
    Jul 16 2013 14:50 BST
    Summertime, and the rumours are easy. This week, Commerzbank is in the frame as UBS, Santander and BNP Paribas have all been named as possible investors in the bank, potentially by way of the German government's 17 per cent stake. This could be a case of wounded investors trying to...
  • Probe into Dreamliner fire at Heathrow views Honeywell part
    Jul 16 2013 13:03 BST
    A component made by Honeywell, the US aerospace part manufacturer, is coming under scrutiny in an investigation into the fire on a Boeing 787 Dreamliner at Heathrow airport last Friday. Honeywell's emergency locator transmitter - fitted to many aircraft, including the Dreamliner, enabling them to be found if they get...
  • Goldman Sachs reports strong earnings
    Jul 16 2013 12:49 BST
    Goldman Sachs shrugged off the market volatility that rocked Wall Street at the end of last month to report $1.93bn in net income for the second quarter, higher than forecast by analysts and more than double what it earned in the same period last year. Revenues for the three months...
  • Barclays names JPMorgan veteran as finance director
    Jul 16 2013 12:43 BST
    Barclays has appointed a senior investment banker from JPMorgan Chase as its finance director following Chris Lucas's decision to retire from the role next year. The UK lender said Tushar Morzaria, chief financial officer at the US bank's corporate and investment banking arm, would join in the autumn and take...
  • Len Blavatnik invests $400m in e-commerce fund Rocket Internet
    Jul 16 2013 12:09 BST
    Access Industries, the vehicle of media billionaire Len Blavatnik, has invested over $400m in Rocket Internet, German venture capital firm. The move continues a shift in focus by Mr Blavatnik, who raised $7bn by selling his stake in Russian oil venture TNK-BP in March. Last month Access invested $130m in...


Portfolio Movers


Gainers Today's Market Change
Xinyuan Real Estate Co Ltd
Randgold Resources Ltd
BP Prudhoe Bay Royalty Trust
Enersis SA
Alaska Communications Systems Group Inc
Losers Today's Market Change
United Microelectronics Corp
Hatteras Financial Corp
Banco Santander SA
Eaton Vance Tax-Advantaged Bond and Option Strategies Fund
Anworth Mortgage Asset Corp

Disclosure: I am long XIN, GOLD, BPT, ENI, ALSK, UMC, HTS, SAN, EXD, ANH.