For the first time in 2016, the US stocks closed at a high last Friday. It received a boost from a recovery in the oil sector recovering from multi year lows. Some of the stocks that closed at a high include the Dow Jones averaging 210 points above 16,000. Goldman Sachs and Apple are however credited with contributing the highest number of gains experienced on the closing date.
Apple for instance jumped over five percent after a recommendation was made that people purchase the stock before the earnings report are released in the coming week. The report also suggested that the stock price could jump by around 50 percent by the time the new iPhone gets launched later in the year.
The price of oil settled at around 32.19 dollars up for each barrel which meant that it increased by 9 percent. Joe Sewin, head of global equity at Highland Capital Management
attributed the rise to “short covering”.
, popularly known as “Jim” is the founder and president of Highland Capital Management firm one of largest lenders in the world. Jim, who currently resides in Texas has experience spanning over thirty years in the equity and credit markets and has mainly focused on high yield, distressed investing.
Highland Capital Management was started in the year 1993
and has been a pioneer in the development of CLO (Collateralized loan Obligation) market. It has also contributed to the development of credit oriented solutions for retail and institution investors all over the world. Jim is the chair person
of Cornerstone Healthcare and CCS medical in addition to being involved with Nexbank
. He also serves as a board member in several organizations such as the American Banknote as well as the MGM studios.
Jim is highly involved in philanthropic work
and supports activities involving veterans, education and all matters to do with public policy. Before founding HCM, Mr. Dondero worked as an analyst
for the Morga Guaranty training program, from the year 1984. Prior to that, he graduated from the University of Virginia with honors in Commerce. Jim has a double major in Finance and Accounting.
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The tech company Coriant is proud to announce their new CEO. The hardware and software giant celebrates the arrival of Shaygan Kheradpir to run their business operations. Coriant specializes in constructing hardware and software that assists in transferring optical information, including sound and data communications. Shaygan Kheradpir has a long history of successfully running organizations. This article will cover more information about Coriant and to familiarize everyone with Shaygan Kheradpir’s outstanding career as he takes control of the tech company.
Coriant was developed in Germany. It has become its own separate entity as of 2013. It is not a new endeavor for Shaygan to be at the top of a company that specializes in innovative solutions to today’s technological problems. In fact, Shaygan was heavily involved in the research and development processes that were going in in the Verizon company while FiOS was being developed. In case you didn’t know, FiOS is one of the largest networks of internet and wireless router systems used by businesses of all sizes. FiOS is used by large companies, as well as the smaller companies because of its high speed capability and versatility.
Coriant is in good hands with Shaygan Kheradpir in the pilot’s chair. As CEO, Shaygan will have charge of many of the business practices of the company. He will have the power to make executive orders that greatly influence the technological development of Coriant. It is nothing new that Shaygan is making waves in the tech world. This kind of intellectual and creative position should always be filled by someone as intuitive as Shaygan.
Homejoy has filed for chapter 11 bankruptcy and the news is nothing shy of outright shocking. Homejoy thought it was tapping into a very popular market. In truth, the startup was getting a foothold in an industry that was poised to experience huge growth: home maintenance and cleaning.
Homejoy was backed by Google Ventures and a host of top investment firms. The company had launched services in several countries. A campy advertising campaign looked to be the perfect one for tapping into the lucrative United States market. Things just didn’t work out that way.
Why? People need such services. Not everyone likes to deal with the chaos of keeping a home clean or dealing with basic maintenance work. The skillsets required to handle such tasks correctly are based on experience. Contacting someone who can actually do the work is the far better plan than stumbling through DIY instructions.
Homejoy simply did not generate enough revenue. The company faced fierce competition from Handy and could not overcome it. Also, Homejoy was hampered by lawsuit threats challenging the independent contractor status of workers. For these reasons and more, Homejoy could not make the dent it needed to be a success story.
The tale of Handy reveals it is one of the top success stories of the many startups that have emerged over the past 20 years. The funding was raised through private investment firms and the money went to establishing a brilliant concept. People in need of home services could take advantage of a Handy app on a smartphone to book a freelancer. Rather than struggling with trying to rely on a local home cleaning service, Handy allows clients to book freelancers who are less costly and capable of providing outstanding service.
Handy ensures the freelancers hired to work for the company do possess the necessary skills to handle various tasks. The screening process to approve a freelancer to be featured on the site is extremely rigorous. The extra steps are intended to ensure only the most highly qualified are allowed to work through Handy. This, in turn, increases the likelihood clients will be thrilled with the results.
And Handy ends up with profits as opposed to losses.
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Sam Tabar is a determined businessman that has always had a passion for law a love for strategy and an overwhelming desire to help others. Graduating from Columbia Law School was just the beginning for Mr. Tabar. Becoming an attorney and strategist in New York City allowed him to finesse his high intelligence of the law and gain real life experience. Skadden, Arps, Slater, Meagher &Flom LLP saw his true potential very quickly. While working for them, he gained popularity and a background, making him a prestigious and sought after asset.
However, the sky’s the limit for Mr. Tabar, and he’s already made great strides if About.me can be any indication. He set his sights on becoming Bank of America’s Merrill Lynch Director and Head of Capital Strategy. Prior to this move Sam gained a great deal of knowledge and skill by joining the SPARX Group Co./PMA Investment Advisors in 2004. Working as a director for the Asia-Pacific region was a new challenge for Sam. It allowed him to travel and see things from a different point of view, however he soon returned to his first love – law. In 2013 Mr. Tabar joined ranks with Schulte Roth & Zabel LLP. He joined as a Senior Associate, a typical day’s workload consisted of fund formation and structure, compliance issues and more.
Law and strategy is not the only interests in Sam Tabar’s life. He has made a startup company that he holds in very high regard to his investment portfolio. The name of this company is called THINX. THINX makes underwear that is considered trendy and stylish. Whenever one of these pieces are purchased part or all of the monies goes to the goal of providing sanitary pads to either American or African women. Without this help these women will have to stay home rather than go to work or school, until their menstruation period is over. He also created his own charitable campaign to continue working with the people of Africa.
This is an issue that concerns just one part of the element of poverty that Mr. Tabar feels can be so easily rectified. Such a small issue to some, can be an enormous problem for others.
He’s also an avid user of social media, with accounts on both Instagram as well as his own vimeo account.