I attended a very successful Yale CEO Summit at the NYSE whose theme - “Staying Ahead of Economic Currents: Building an Enterprise for the Future Despite Present Day Uncertainties" - proved to be right on the mark. Founder and CEO of the Yale Chief Executive Leadership Institute Jeffrey Sonnenfeld did a fantastic job moderating the event and encouraging insightful discussions among CEOs.
The Summit started with NYSE CEO Duncan Niederauer warmly welcoming the group of over 100 participants at dinner in the historic NYSE Board Room. NYSE listed Verizon’s Chairman & CEO Lowell McAdam and NYSE listed Xerox’s Former Chairman & CEO Anne M. Mulcahy presented the prestigious “Legend In Leadership” Award to NYSE listed GE’s Chairman & CEO Jeffrey R. Immelt. Jeff graciously received this award, reflected on his dedicated GE experience and role as GE’s leader. Jeff also recognized GE’s tremendous history as a NYSE listed company as well as GE being the only...
On Thursday, June 7, executives and guests from GulfMark Offshore, Inc. (NYSE: GLF) visit the New York Stock Exchange to celebrate the company’s fifth year anniversary of listing on The NYSE. To honor this occasion, Assistant Controller of GulfMark Offshore, Inc. William Ballew, along with the company’s CEO Bruce Streeter, rings The Closing Bell.
About GulfMark Offshore, Inc. (NYSE: GLF)
GulfMark Offshore, Inc. provides marine transportation services to the energy industry through a fleet of offshore support vessels serving every major offshore energy industry market in the world (Source: GulfMark Offshore, Inc.).
Classes from secondary schools in Lelystad and Den Helder sound the gong to celebrate their victory in the investment competition for schools.
The schools competition is an investment game for students and teachers in the upper classes of the secondary and advanced secondary school system. Students are divided into groups of three or four. Each group takes on the role of an investment advisor who is responsible for advising a family member, for example a father, mother or grandparent. The students are given a virtual capital of 100,000 Euros to invest in shares and investment funds listed on NYSE Euronext Amsterdam. The winners, Thian Senthilnathan (Lyceum aan Zee, Den Helder), and Roshni Kanhailal (Scholengemeeschap Lelystad) sound the gong.
Breakfast Bites: Equities have rallied at the open in anticipation of Chairman Bernanke’s testimony and on China’s unexpected rate cut in combination with lower Jobless claims
Initial Jobless Claims fell 12,000 last week to 377,000
Consumer Confidence in the U.S. rose for the third straight week as measures of personal finance and the buying climate improved.
The People's Bank of China has lowered its benchmark lending and deposit rates by 25 basis points to 6.31% and 3.25% respectively. In another easing move, banks will be allowed to offer loans at a 20% discount from the benchmark rate, whereas before they were allowed just 10%
There was little in the latest Beige Book that suggests additional Fed stimulus is needed. Growth continues at a moderate pace in all districts, with just Philadelphia experiencing a slowing in the rate of expansion.