Kenya’s drugs regulatory authority the Pharmacy and Poisons Board of Kenya (PPB) and TradeMark East Africa (TMEA) have launched a new e-portal that will enable the pharmaceutical industry’s stakeholders to access trade and drug retention services online.
The system will enable importers of medical drugs to make their orders online and make electronic payments as well. The government expects the new system to boost the pharmaceutical sector by easing access to services provided.
With everyone’s attention turning to the debt ceiling X-Date of October 17 (or sooner now that the Pentagon is once again spending money like a drunken sailor following the recall of 400,000 workers or half of the total number fuloughed), some are wondering why is the stock market not reacting more violently. The generic response that has formed is that despite all the feamongering by Obama and the Treasury, even crossing the X-Date will hardly result in the apocalyptic outcome that so many predict as the Treasury can “prioritze payments”, i.e., paying some bills and not others, which as we explained before, means paying down debt obligations first, and everything else - whose non-payment does not constitute an event of default under US debt - last. In other words, if the US were to merely live within its means, it should have no problem remaining current on its interest expense even if that means slashing most other government programs.
Continued
American Airlines, US Airways Strike A Deal To Merge Into The World’s Biggest Airline: http://finance.yahoo.com/news/report-american-airlines-us-airways-162924491.html (via Business Insider)
Philadelphia Gas Works is being sold as advised by Lazard Ltd. The administration of Philadelphia Mayor Nuttter continues to build a case for the sale of the Philadelphia Gas works. They released a cost benefit analysis showing how the sale would be good for the taxpayer. This new report was completed by financial advisory firm Lazard. The report estimates that the sale of PGW will be for between $1.45 billion and $1.9 billion. This sale will yield a net profit for the city of between $422 million and $872 million after PGW's debts are paid. Budget Director Rebecca Rhynhart claims the report is a conservative estimate of the value of PGW. She bases this on the opportunities that exist for new business opportunities and rate increases in the future. Mayor Nutter would like the money from this sale to go towards the city's pension system which is currently underfunded. Critics of this sale point out that the sale of PGW will lose the city $18 million in a year. Rhynhart claims that this will be made up for by additional room in the budget from the now funded pension funds.
http://aclassasset.blogspot.com/2013/10/philadelphia-sells-philadelphia-gas.html
TRADING STOCKS: Making Easy Money In Minutes
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably [...]
KKR was named the top Dividend stock by Forbes. They also recently brought General David Petraeus on to head up their Global Division
Netflix is looking at what to offer based on what shows are being offered on pirate sites. This is probably a great strategy. If netflix can offer it easier and with better quality I'm sure pirates won't be as effective. I still say netflix is a buy,
"Yahoo! Inc. (YHOO) will discuss the company’s financial results for the quarter ended September 30, 2013 via live stream video. In addition to analyst questions asked live during the event, Yahoo will accept questions in advance of the live stream with tweets tagged #YHOOearnings or by emailing yhooearnings@yahoo-inc.com. Questions received before noon Pacific/3:00 p.m. Eastern on Tuesday, Oct. 15, 2013, will be considered for the live stream with Yahoo’s CEO Marissa Mayer and CFO Ken Goldman.”
Q3 LIVE STREAM DETAILS:
WHEN: Tuesday, October 15 at 2:00 p.m. Pacific/5:00 p.m. Eastern
WHERE: The live stream will be broadcast from Yahoo’s Sunnyvale studio and will be available exclusively on Yahoo Finance at finance.yahoo.com. The video will be archived after the event at investor.yahoo.com and will be available for 90 days following the broadcast.
Creative people are humble and proud, they tend to be both extroverted and introverted, and they are both rebellious and conservative. How creative are you? Give this Fast Company article a read to find out: http://www.fastcompany.com/3016689/leadership-now/10-paradoxical-traits-of-creative-people
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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