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Carillion investors were 'fleeing for the hills'

Carillion investors were 'fleeing for the hills'

Business
Carillion's investors fled the failing company as it headed for disaster, according to MPs.The construction firm's annual reports were a worthless guide to its financial health and raise major questions about corporate governance, the MPs say.The comments come in a joint report published on Monday by the Work and Pensions and Business committees.Carillion's former auditor, KPMG, will be questioned by MPs on Thursday.Britain's second largest construction company collapsed last month, with the loss of almost 1,000 jobs. There were also job cuts and widespread disruption among sub-contractors.The Work and Pensions and Business, Energy and Industrial Strategy committees have already taken evidence from former Carillion directors. On Monday, the MPs released details of written comments from the...
3 Stocks the World's Best Investors Are Buying Right Now

3 Stocks the World's Best Investors Are Buying Right Now

Finance
There's a reason some investors have risen to the top of their field. Whatever their respective stock-picking criteria are, they stick to them, and their successful track records justify their positions as world-class investors.Three stocks some of the world's best investors are buying now are smartphone behemoth Apple (NASDAQ: AAPL) , pharma giant Gilead Sciences (NASDAQ: GILD) , and health-insurance mainstay UnitedHealth Group (NYSE: UNH) .Image source: Getty Images.More than just iPhonesTim Brugger (Apple): Warren Buffett shunned tech stocks for years, but to his credit, he's since opened both his mind and his checkbook to sound growth opportunities regardless of industry. Based on the 134 million shares now in his portfolio, Apple meets his investment...
Why a dose of fear can be healthy for investors, bull market or no bull market

Why a dose of fear can be healthy for investors, bull market or no bull market

Finance
The year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished higher in November, making it 13 months in a row of gains, also a record. Both indices are more than 20 percent higher than where they started the year.It seems that every day, the headline on CNBC reads "Markets Hit New Record High." In fact, we are in a bull market that is now eight-and-a-half years old, the second longest in history.More from Investor Toolkit:Advisors turn to life coaches and counselorsRetirees leave $ 100B in Social Security benefits on tableRing in 2018 with a new financial game planThat's good, right? As an investment manager, we think it's great for our clients to se...

AMC Entertainment May Hit Up European Investors for Cash

Finance
AMC Entertainment (NYSE: AMC) stock is down a stunning 67% over the past year. The movie theater industry has not only had to deal with an underwhelming box office but also long-term concerns over the rise of streaming video and the potential for a shortened first-run movie window .AMC's fall has been even more severe than that of other large theater chains, however, due to its high level of debt. As of the end of the recent quarter, AMC had a whopping $ 4.3 billion in debt. Including capital leases, the number is almost $ 5 billion. That's very high, considering AMC has a market capitalization of just $ 1.5 billion. That debt load was due to AMC buying three other theater chains over the past year -- Carmike Cinemas, Odeon (in the U.K,  Germany, Austria...
China is pumping a lot of cash into its economy to calm investors

China is pumping a lot of cash into its economy to calm investors

Finance
China has been pumping a lot of cash into its system to lift market sentiment, as the world's second-largest economy walks a thin line between curbing debt and keeping everything running smoothly.Last week, the People's Bank of China injected cash totaling 810 billion Chinese yuan ($ 122.4 billion) in five straight days of daily liquidity management operations. Those actions, which represented the largest weekly net increase since January, were in part a Beijing response to its 10-year sovereign bond yields spiking to multiyear highs, experts said."Surging Chinese government bond yields hit the nerve of policymakers, so in order to further prevent a greater surge, they injected liquidity into the system to improve market sentiment," said Ken Cheung, a foreign exchange strategist at Mizuho ...