A.E. Feldman Blog

The Midway Investment and Development Corporation (”MIDCo”), comprised of Citi Infrastructure Investors, Vancouver Airport Services (YVRAS) and John Hancock Life Insurance Company just announced that it has won a $2.5 billion, 99-year lease contract to operate and develop the first privatized major airport in the U.S. - Chicago Midway Airport. “This contract marks a milestone [...]

Many experts say the U.S. economy is in the midst of the “worst financial crisis since the Great Depression.” Some predict we’re going to see one of the greatest transfers of wealth in our lifetime. Now, a growing number of investors, hoping to capitalize on the meltdown, are ready to put up some cash. They are called [...]

This year, demand for CPAs with expertise in forensic accounting services has accelerated, according to a survey conducted by the American Institute of Certified Public Accountants. Two out of three CPAs polled, or 68%, say their forensic practices are growing. “The survey findings tell us that not only are forensic accounting services in demand, but [...]

Although Congress failed to pass a $700 billion bank rescue plan on Monday, investors appear to be betting that a bailout bill could still pass this week. Still, the uncertainty of the current economic crisis and mounting apprehension over anticipated regulatory changes is undoubtedly gripping Wall Street and investors around the world. Taking immediate steps [...]

Efforts to bolster the struggling financial markets on Monday failed miserably. The House defeated a $700 billion emergency rescue for the nation’s financial system, leaving lawmakers and the Bush administration scrambling to pick up the pieces, according to the AP. Following the vote, the Dow plummeted 777 points – more than the 684-point drop on [...]

Amid economic turmoil, accounting remains one field with strong growth potential. According to the Bureau of Labor Statistics, the employment of accountants and auditors is expected to grow at least 18% by 2016 – that’s faster than the average rate of growth for all other occupations. “An increase in the number of businesses, changing financial [...]

Institutional research brokerage Gabelli & Co. is jumping on the “green” bandwagon. Gabelli has assembled a team to focus on the clean technology and alternative energy sector, reports the WSJ. Mario Gabelli also says he’s opening a hedge fund to invest in “green” companies that benefit the environment. “We think there’s money in alternative energy,” [...]

Infrastructure spending around the world is soaring as nations scramble to rebuild decaying roads, bridges, ports, airports and utilities. Meanwhile, a number of developing nations are adding new infrastructure. Right now, a growing number of global investors are seeking to capitalize on the trend and the diversification that investing in infrastructure offers.
Looking ahead, interest and [...]

The U.S. Department of Energy (DOE) has earmarked up to $24 million for breakthrough solar energy products. The DOE’s Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy, John Mizroch, recently announced the investments are aimed at developing solar energy products to significantly accelerate penetration of solar photovoltaic (PV) systems in the United States [...]

Synovus Financial recently announced it has established a new Chief Risk Officer role, reporting directly to the firm’s CEO. Synovus appointed Mark Holladay to the newly created position of CRO, just one week after the financial services firm said it will cut about 650 jobs, or 9% percent of its workforce, over the next two [...]