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Chicago Tribune
U.S. stocks notched their best day in nearly four weeks as investors welcomed new hints pointing to a Federal Reserve interest rate hike in coming weeks. Traders were also encouraged by more corporate deal news.
The rally pushed the Standard & Poor's 500 index back into positive territory for the year. ConAgra Foods jumped 4 percent on news the company is spinning off its frozen potatoes business.
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CFA Chicago
Dan Fuss has 57 years of experience in the investment industry and has been with Loomis, Sayles & Company since 1976. He is vice chairman of the firm's Board of Directors and manages the firm's flagship Loomis Sayles Bond Fund, which won the 2009 Morningstar Fund Manager of the Year award in the fixed income category, in addition to the Loomis Sayles Investment Grade Bond, Investment Grade Fixed Income, Strategic Income, Fixed Income, Institutional High Income, Dividend Income and Global Equity and Income funds.
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CFA Chicago
Build a fully integrated financial statement projection model with income statement projections, a self-balancing balance sheet, an automated cash flow statement, and the balancing cash flow sweep/debt schedule. While knowledge of advanced accounting concepts is not required for this course, you should possess knowledge of basic accounting ratios and a basic understanding of how the major financial statements are inter-related.
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Chicago's only business school within a technological university, the Illinois Institute of Technology Stuart School of Business, offers graduate degrees and certificate programs with flexible part-time and evening scheduling options. Learn more about how Stuart’s strategically competitive programs can give you the skills needed for success in the next economy.
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CFA Chicago
The USA, U.K., European Union, and OECD have all announced plans to investigate and potentially modify the tax strategies used by U.S. Multinationals to shift profits to countries with low tax rates.
2016 will be an important year as more details, potential fines, and new rules will be released. In this session, we will provide a closer look at the tax strategies at-risk to reforms such as transfer pricing, inversions and other loopholes utilized by U.S. Multinationals to minimize their tax payments.
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CFA Institute's Enterprising Investor
Modern life requires us to process an ever increasing load of information. Whether its email, Twitter, LinkedIn, WhatsApp, Facebook, WeChat, etc., there’s an array of data channels that demand our informed participation. For those in the financial markets, earnings seasons turns that daily data deluge into a full-on tidal wave. Research studies confirm that earnings account for a relatively low 1.5–2 percent of total new information content about share prices in terms of the value add.
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Bloomberg via Crain's Chicago Business
Online dating behemoth Match Group opened 13 percent above its initial public offering, after pricing shares at the low end of the marketed range.
The unit of billionaire Barry Diller's IAC/InterActiveCorp raised almost $400 million in its IPO. Match sold 33.3 million shares for $12 each, according to a statement, after offering them for $12 to $14. Based on the IPO price, the company has a market value of about $2.9 billion.
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Barron's
John Kimelman writes: When I confront the collection of Amazon boxes blocking the entrance to my front door most nights, it’s hard not to be reminded of the growth of online retailing.
All-knowing Mr. Market has evidently been visiting the Amazon-clogged doorways of many Americans. That may explain, at least in part, why many bricks-and-mortar retail stocks have taken it on the chin this year.
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Chicago Tribune
Many consumers are in tip-top financial shape, but they're still cautious about spending, a Discover Financial executive said.
"From a personal balance sheet perspective, the consumer is in the best shape they've been maybe in decades," David Nelms, chief executive of the Riverwoods-based lender, said at a Bank of America Merrill Lynch banking and financial services conference.
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Illinois News Network
Lawyers for Chicago and two of its struggling pension funds argued the city’s effort to shore up those funds is legal because the plan guarantees future funding and provides security for participants.
But opposing attorneys told Illinois Supreme Court justices that buying that argument would mean averting their eyes from the explicit wording of the state constitution and the city’s previous shaky commitment to those pension funds.
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Crain's Chicago Business
In late August, Sears Holdings announced its first quarterly profit in three years and its fourth consecutive quarter of improved adjusted earnings.
But Fitch isn't buying signs of a comeback. The ratings company maintained its "CC" rating on the Hoffman Estates-based retailer, the eighth-lowest of 10 levels.
In a rebuttal, a Sears spokesman said in an email: "Fitch is entitled to its opinion. However, we think they're missing some very key points when it comes to our business."
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Pensions & Investmetnts
Allocations to emerging markets as one homogenous region remains a largely unattractive bet, but some institutional investors and money managers increasingly are turning to specific countries or regions to try their investment luck. Executives at consultants and money management firms said they are talking to institutional investors about adding to emerging markets allocations through single-country investments, with some evidence of money flowing into strategies.
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