As part of strengthening its Global Energy banking practice UBS Investment Bank, a subsidiary of UBS AG (UBS), is hiring 18 Investment bankers who will focus on energy lending. Based in Dallas , this new team will have Darrell Holley serving as Managing Director and Global Head of energy lending.  The new team has significant expertise in energy lending and will complement UBS’s existing Energy Banking team in Houston and New York .  Holley will report to Stephen Trauber, Global Head of Energy banking at UBS. Previously, Holley was with Fortis Bank in Dallas , where he was Global Head of Oil and Gas banking.  Over the last month, UBS added more than a dozen of Managing Directors to its Investment Banking Department. The focus on the energy lending business is a strategic move as a result of the energy sector’s resiliency during the economic ...

Its almost comical to see the big banks coming out of the woodwork with their opinions on how high gold is going to go now. If you are a trader (I am not) maybe that means its time for a little pullback. Certainly is alot of confidence oozing from this article. Gold, ‘Off The Charts’, May Target $1,500: Technical Analysis By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, we are left to resort to projections and extrapolated trendlines to forecast where the move might stop,” Jordan Kotick, global head of technical analysis at Barclays Capital, wrote in a note e-mailed today. So-called trendlines are used to determine momentum and are found ...

China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

The financial services industry in the United States and Europe is still reeling from the financial crisis, shedding tens of thousands of jobs each month – even a year after the crisis hit its apex.

However, recent evidence suggests that the financial services industry in Asia – particularly China, which was largely isolated from the toxic assets that caused the crisis – is starting to rebound.

Indeed, many …

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Wednesday August 26, 2009

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Visa Inc. (NYSE: V) today announced the appointment of Oliver Jenkyn as Visa Inc.’s Global Head of Strategy and Corporate Development. In this role, Jenkyn is responsible for developing and managing the company’s corporate strategy across the 170 countries where Visa Inc. does business. Jenkyn succeeds Rupert Keeley, following Keeley’s recent appointment to Group President of Visa’s Asia Pacific and CEMEA regions. Jenkyn reports to Joe Saunders, Chairman and CEO of Visa Inc, and is a member of the company’s Operating Committee.

Danaher Corporation (NYSE: DHR) announced that President and Chief Executive Officer, H. Lawrence Culp, Jr. will be presenting

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Monday, July 20, 2009

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Quicksilver Gas Services LP (NYSE: KGS) announced today that the board of directors of its general partner has declared a cash distribution of $.37 per common unit for the 2009 second quarter. This distribution will be paid August 14, 2009 on all common units to holders of record as of the close of business on August 4, 2009.

At this year’s American Association for Clinical Chemistry meeting, Waters Corporation (NYSE: WAT) is introducing clinical scientists to its expanded portfolio of new products for clinical and research laboratories including a new research use only (RUO) kit for quantitative measurement of Tacrolimus,

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The following humorous snippet comes from Joshua Brown at The Reformed Broker blog site:

Lucas Van Praag probably has one of the toughest (albeit well-compensated) jobs on the planet these days.

As the Global Head of Corporate Communications for Goldman Sachs, he is literally the man with his finger in the dike, just barely containing the deluge of criticism and disgust that is on the verge of becoming a full-fledged tsunami.

This was found in the dumpster behind 85 Broad Street recently:

*Lucas wasn’t sure if it was John or Jon Stewart and which sort of holiday card he would have been meant to receive.

Source: Joshua Brown,

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With the global economy on the mend, could gold be gearing up for another record-setting run? It sure looks that way. 

After peaking north of the $1,000 per ounce price level last year, gold hit a stumbling block when deflationary fears in the world’s largest economy sucked the air out of commodities prices and sent hoards of investors stampeding into the safe-haven of U.S. Treasuries, and helped spawn a rebound in the U.S. dollar.

Since that time, the global economic outlook - especially beyond U.S. borders - has improved, and gold prices have stabilized.

The next step - many gold bulls say - is for the yellow metal to make a run for new highs.

Whipsaw Trading Patterns

Gold started 2009 at about $870 an ounce - down substantially from early 2008 when prices hit a record-high $1033.90, but significantly higher than the $712.30 an ounce it was trading at in mid-November.

Then, when talk of inflation

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[Editor's Note: If you're new to the commodities-investing arena, and are uncertain about the landscape - or even if you're an "old hand" at natural-resource stocks, but want some insights into the new profit plays and new players - consider hiring a guide: Money Morning Contributing Editor Peter Krauth, a recognized expert in metals, mining and energy stocks, is also the editor of the Global Resource Alert trading service, which ferrets out companies poised to profit from the so-called “Secular Bull Market” in commodities. A former portfolio advisor, Krauth continues to work out of resource-rich Canada, which keeps him close to most of the companies he researches. Against the growing global financial malaise, Krauth says that commodities are among the most-profitable and least-risky investments available, and notes that this may well be the most powerful bull market for commodities we’ll see in our lifetimes. He …

Interesting story on TheStreet.com today; we continue to love near monopolies... multiple ways to win here - as the "pooring of America" continues, cash strapped Americans will turn more to credit (before defaulting in some cases), and much of the rest of the world has yet to see their first credit card...Visa's strategy -- one shared by rival MasterCard MA -- of capitalizing on consumers' increasing reliance on plastic to pay for everyday purchases, rather than simply big-ticket items. Now, the two companies are looking to prepaid cards as another potential growth area, as they attempt to continue strong growth inside the U.S. and -- more important -- globally."The big vision is that ... people talk about prepaid in the same way they talk about credit and debit," says Elizabeth Buse, Visa's global head of product, in an interview with TheStreet.com. "If we're talking a few ...