Author: InvestAdvocate

Stocks rise sharply on signs of economic growth

By DAVID K. RANDALL, AP Business Writer  NEW YORK – Job growth in the U.S. and signs of global manufacturing expansion sent stocks sharply higher Wednesday. Bond prices and the dollar fell as investors moved money into riskier assets.   European stocks got a boost after European Central Bank President Jean-Claude Trichet suggested that […]

Nigeria SEC: Yet to clear Okereke-Onyiuke, others on financial misconduct

By Peter OBIORA investadvocate Dec 01 2010 02.20 GMT Lagos (INVESTADVOCATE) – Nigeria’s Securities and Exchange Commission (SEC) is yet to clear the Professor (Mrs.) Ndi Okereke-Onyiuke’s past Management of the Nigerian Stock Exchange (NSE) of financial misconduct.   This was contained in a Statement dated November 30 2010 by Lanre Oloyi, […]

Bridas to buy Pan American Energy stake for $7bn

By Agency Reporter Wednesday, 1 Dec 2010 BEIJING: Bridas Corporation, has agreed to pay BP Plc $7.06bn for the 60 per cent it does not already own of Pan American Energy LLC, Bloomberg reported on Tuesday. Bridas Energy Holdings Limited and Cnooc, which each own 50 per cent of Bridas Corporation, […]