MPs say banks must simplify products to avoid regulation
LONDON (Reuters) - Investment banks need to simplify the products they are selling and investors should take more responsibility for understanding complex products to prevent more regulation in London, a committee of MPs said on Monday. feeds.reuters.com
Gold slides more than $60 US an ounce
Gold futures took a big dive Wednesday as the precious metal lost some of its lustre following a smaller-than-expected U.S. interest rate cut. cbc.ca
Kimpton Closes $246 Million Third Hotel Acquisition Fund (Business Wire)
SAN FRANCISCO----Kimpton Group Holding, LLC, the parent company of Kimpton Hotels & Restaurants, the largest and most successful player in the boutique/lifestyle hotel segment, has closed its third institutional real estate fund and its follow up fund to Kimpton Hospitality Partners, L.P. . us.rd.yahoo.com
LFE Fund Invests $3M in Iowa's Global ID Group (Business Wire)
DES MOINES, Iowa----Minneapolis-based venture capital investor LFE Capital has announced a $3 million investment in Fairfield, Iowa's Global ID Group. The Global ID Group is a leading provider of testing and certification for food and agricultural products. us.rd.yahoo.com