Word: money broker
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...still driving a real estate boom in Kenya. Brokers and Somalis in Eastleigh point to new buildings, housing estates and businesses said to have been started with piracy money. They tell stories of Somalis bidding two to three times the asking price for a plot of land. "I have friends who ... tell me, 'This is piracy money. Take advantage of the situation while the money's here,' " says a broker who identifies himself as Willy. (See pictures of dramatic pirate-hostage rescues...
Real estate broker David Brownell says a 30% discount might not be enough. Condos around the city that were selling for between $500,000 and $750,000 in 2004 are selling today for less than $300,000. Brownell says if he had marketing money to spend, "one of the last places I would think of trying to invest it is promoting [condos at] CityCenter. I don't think there's a great demand...
Another thing to consider, besides doing something very un-American by paying cash for a vehicle to save a good bundle of money: hire a broker - that is, an independent agent who will shop dealerships for the vehicle you want, find the best prices in your market and negotiate for you. In many cases, it won't cost you anything. The broker is often paid by the dealer as well as by the loan's originator. Bottom line: two motor heads can be better than...
...regional stock brokerage, and a 75% stake in another broker in India. Just as important, Sands has been beefing up the management ranks by hiring experienced bankers from troubled competitors. Since August 2007, StanChart has brought in about 100 senior executives from the likes of Bear Stearns, Lehman Brothers, Citigroup, UBS and others. "I think there are opportunities for us to significantly strengthen our franchise," says Sands. Analysts believe StanChart's nuts-and-bolts approach will continue to serve it well. "They are taking on less risk but making more money," says Daniel Tabbush, banking analyst with CLSA in Bangkok...
...investment broker James L. Loeb gave $1,000,000 for the future drama center; four months later Mr. and Mrs. Alfred St. Vrain Carpenter, owners of pear orchards in Oregon, gave $1,500,000 to “completely underwrite a Harvard Visual Arts Center,” according to the Crimson. Close in date, the two gifts were also close in their intent—the Carpenters had originally wanted to donate to the theater until their son, Harlow Carpenter ’50, a graduate of the Graduate School of Design, convinced them to direct the money toward...