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Investment News 09/2006



ICOP to Present at Arch Investment Conference (The Auto Channel)
LENEXA, Kan., Aug. 31, 2006 -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that the Company's Chairman and Chief Executive Officer, Dave Owen, will be a featured presenter at the upcoming 2006 Arch Investment Conference to be held in New York City.
Investment Group Buys Magellan GPS Brand (Los Angeles Times)
An investment group led by Santa Clara, Calif.-based private equity firm Shah Capital Partners has acquired Thales Navigation, which owns the Magellan brand of navigation and global positioning systems, for at least $170 million, the companies said.
Private investment firms make $1.3 billion deal (al.com)
Intergraph Corp. said Thursday that it will be sold to a private investment group for $1.3 billion. The move would take private one of Huntsville's longtime publicly traded companies.
Taiwan market: NCC to control pricing for 2G, fixed-line, foreign investment in cable TV (Digi Times)
Taiwan's National Communications Commission (NCC) on August 31 announced a draft adjustment in the pricing control for fixed-line local and 2G mobile phone services and leased circuits and also a plan to strictly enforce control of foreign investment in local cable TV operations.
Australian investment firm to outsource jobs to India (The Economic Times)
MELBOURNE: A major investment company owned by Australia's leading bank Westpac is all set to outsource over 70 jobs to India in a bid to improve customer service.
Govt To Provide Investment-friendly Climate For Business To Flourish (Bernama)
KUALA LUMPUR, Sept 1 (Bernama) -- The government will continue to provide a business and investment-friendly environment for the private sector to flourish, said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
Unit Trusts Have Huge Potential As Investment Tool (Bernama)
KUALA LUMPUR, Sept 1 (Bernama) -- The Ministry of Finance says that there is huge potential to promote unit trusts as an investment tool with the nation's high savings rate of 37.1 percent of Gross National Product (GNP) as well as the significant pool of investible assets in excess of RM750 billion at end-2005.
(AFX UK Focus) 2006-09-01 12:21 GMT: Hong Kong 2006 GDP seen up 6.5 pct, driven by consumption, investment - BOCHK (Interactive Investor)
HONG KONG (XFN-ASIA) - Hong Kong's economic growth is expected to reach 6.5 pct this year as prospects in the second half remain intact on the back of continuing momentum in consumption and investment, Bank of China Hong Kong (BOCHK) said.
Wizards sold to Kansas City-area investment group (KSHB-TV Kansas City)
OVERLAND PARK, Kan. (AP) – Almost two years after they went on the block, the Kansas City Wizards have been sold to a local investment group headed by Cerner Corp. executives Neal Patterson and Cliff Illig.
Zimbabwe: Genesis Investment Bank Raises Z$300 Million (AllAfrica.com)
GENESIS Investment Bank Limited has raised $300 million in a rights issue meant to beef up the bank's capital base ahead of next month's deadline for banks to bump up statutory capital requirements.
CNPC to up investment in Kazakhstan subsidiary 14% (Interfax)
AKTOBE. Sept 1 (Interfax) - China National Petroleum Corporation (CNPC) intends to increase investment in its Kazakhstan-based subsidiary CNPC-Aktobemunaigaz 14% this year to around $400 million, from $350 million in 2005, Wang Zhong Cai, the subsidiary's general director, said at a ceremony to mark Oil Workers' Day in Aktobe.
Bakery unveils £6m investment plan (u.tv)
Allied Bakeries Ireland (ABI) is investing £6 million in new plant and equipment at its east Belfast base, it has been announced. The investment, which has been backed by Invest Northern Ireland, will enable it to introduce new products and extend its market share.
India panel: raise mutual fund overseas investment cap (Reuters via Yahoo! Asia News)
MUMBAI, Sept 1 (Reuters) - A central bank committee on fuller convertibility of the rupee on Friday recommended raising overseas investment limit by mutual funds to $5 billion by the third phase of liberalisation to end in 2010/11.
Investment group buys Thales Navigation, renames it Magellan (Los Angeles Business)
An investment group led by Shah Capital Partners has purchased Thales Navigation, a division of Thales, and renamed the GPS navigation company Magellan, the company said Thursday.
2007 Budget Will Boost Private Sector Investment, Says Rafidah (Bernama)
KUALA LUMPUR, Sept 1 (Bernama) -- Minister of International Trade and Industry Datuk Seri Rafidah Aziz expects the 2007 Budget, tabled Friday, to further boost private sector investment.
As Foreign Investment Rises, India Addresses Security Concerns (YaleGlobal Online)
India appreciates foreign investment, but it also wants to build safeguard to its flourishing telecommunications, media, airline, pharmaceutical and other sensitive industries. A Foreign Investment Promotion Board will review investments, pointing out any that could represent possible threats.
Indian groups check out London's Alternative Investment Market (Aim) (India Daily)
Dozens of Indian companies are keen to list on alternative global stock exchanges such as London's Alternative Investment Market as they seek to boost valuations, sidestep India's regulatory hurdles and avoid stringent US rules.
Residential investment up 36% in Alberta (Calgary Sun)
Investment in residential construction in Alberta was up 36% during the second quarter, as the province pushed ahead of the pack in that area, according to Statistics Canada.
Gujarat eyes Rs 150,000 cr investment in 12 sectors (Business Standard India)
The Gujarat government has embarked on an ambitious investment drive identifying 12 sectors for fresh investments to the tune of Rs 150,000 crore. The plans are a part of the Vibrant Gujarat 2007 programme.
Honeywell to Present at Bank of America Investment Conference (SYS-CON Media)
Honeywell today announced that Dave Anderson, Senior Vice President and Chief Financial Officer, will be presenting at the Bank of America Investment Conference on Monday, September 18, 2006 from 11:30 a.m. to 11:55 a.m. PDT (2:30 p.m. to 2:55 p.m. EDT) in San Francisco, CA.
Eagle Materials Inc. Increases Cement Capacity With Investment in Houston Cement Import Terminals (FinanzNachrichten)
DALLAS, Sept. 1 /PRNewswire-FirstCall/ -- Eagle Materials ( Nachrichten ) Inc. today announced that its 50%-owned subsidiary, Texas Lehigh Cement Company LP (Texas Lehigh), has made an investment in Houston Cement Company, L.P., which owns two Portland cement import terminals located along the Houston Ship Channel near Houston, Texas.
Las Colinas' Four Seasons sold to investment firm (Dallas Morning News)
BentleyForbes, a Los Angeles-based investment firm better known for its portfolio of office towers, said Friday that it has purchased the Four Seasons Resort and Club Dallas at Las Colinas.
Investment Planning Counsel Inc. Reports August 2006 Mutual Fund Sales (SYS-CON Media)
Counsel Group of Funds, Inc., a division of Investment Planning Counsel, Inc., today reported preliminary mutual fund sales and assets under management for the month ending August 31, 2006 as follows:
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at August 31, 2006 (SYS-CON Media)
Kayne Anderson MLP Investment Company (the'Company') (NYSE: KYN) today announced its net asset value at August 31,2006.
3 Indicted In Alleged $100M Investment Scheme (KITV TheHawaiiChannel.com via Yahoo! News)
A federal grand jury indicted three Oahu residents on Friday in what prosecutors said is an investment fraud scheme worth tens of millions of dollars.
Dhaka urged to encourage more foreign investment (News From Bangladesh)
The British High Commission in Dhaka on Friday said Bangladesh should encourage and protect foreign investment that is in the interest of this country, which is in need of capital for exploiting its economic potential, reports UNB.
State Legislature passes Quality Education Investment Act (Register-Pajajonian)
The state Legislature passed the Quality Education Investment Act on Thursday.
UAW Mitsubishi Workers Accept Temporary Wage Deferrals; Win investment and job guarantees at Normal, Illinois (The Auto Channel)
NORMAL, Ill., Sept. 1 -- Responding to a severe financial crisis at Mitsubishi Motors of North America (MMNA), members of UAW Local 2488 have voted to accept temporary wage and Cost of Living Allowance (COLA) deferrals in exchange for job and investment guarantees at Mitsubishi's plant in Normal, Illinois.
Dubai real estate investment firm to bid for New York residential complex (Gowealthy)
The Dubai-based real estate investment firm and subsidiary of government-owned Dubai World, Istithmar would be bidding for the Stuyvesant Town/Peter Cooper Village complex, an upmarket apartment cluster on Manhattan's East side.
DIFX reaches landmark arrangement with Bahrain-based Securities & Investment Company (AME Info)
Securities and Investment Company BSC (SICO), the Bahrain-based investment bank, has made a groundbreaking arrangement to facilitate trading on the Dubai International Financial Exchange (DIFX) by making a market.
Investment Scam in South Africa Uses Oprah's Name (WTOL News 11)
CAPE TOWN, SOUTH AFRICA (AP) -- Police questioned eight people Friday after discovering an investment scam that used Oprah Winfrey's name days after she interviewed prospective pupils in South Africa for her new all-girls school.
Dubai real estate investment firm bids for New York residential complex (Turks.US)
The Dubai-based real estate investment firm and subsidiary of government-owned Dubai World, Istithmar would be bidding for the Stuyvesant Town/Peter Cooper Village complex, an upmarket apartment cluster on Manhattan’s East side.
Streetwise: Common sense, information lead to right investment choices (Pittsburgh Post-Gazette)
Although a buy-and-hold philosophy always should be your guiding light, you need to recognize that not every investment continues to blossom over a never-ending time frame. How do you recognize when it's time to part company?
Investment Scam in South Africa Uses Oprah's Name (WTOL News 11)
CAPE TOWN, SOUTH AFRICA (AP) -- Police questioned eight people Friday after discovering an investment scam that used Oprah Winfrey's name days after she interviewed prospective pupils in South Africa for her new all-girls school.
New Real Estate Investment Educational Web Site, REIconferences.com is the Fastest Growing Real Estate Investing (PR Web)
Charrissa Cawley, a nationally acclaimed Real Estate Investment educator, mentor and real estate investor, launches a real estate investing web site unlike any site out there for both novice and seasoned investors. This new site offers free data on investing, locating and researching investment properties, financial analysis of investment properties and up to date information on the latest real
Securities & Investment Company mandated by Al Baraka Banking Group on BSE, DIFX listing (AME Info)
Securities & Investment Company (SICO) today announced that it has been appointed by Al Baraka Banking Group (ABG) to make a market on Al Baraka Banking Group's (ABG) shares, and which will begin trading on the Bahrain Stock Exchange (BSE) and the Dubai International Financial Exchange (DIFX) on 4 September 2006.
New Real Estate Investment Educational Web Site, REIconferences.com is the Fastest Growing Real Estate Investing (PR Web via Yahoo! News)
San Diego, CA (PRWEB) September 3, 2006 –- Nationally acclaimed investment educator Charrissa Cawley says “Despite all the talk out there about a softening real estate market and the so called ‘real estate bubble bursting,’ there are still plenty of opportunities to make money investing in real estate if you know where to look.
A Hopeful Investment: A Year After Katrina, Volunteers Help Rebuild Lives (RedNova)
By Kevin Fee, Grand Forks Herald, N.D. Sep. 3--BILOXI, Miss. -- Biloxi Mayor A.J. Holloway, sweating profusely under the afternoon sun, was walked back to his SUV by neighbors surrounding John Henry Beck Park.
Shanbhag answers questions on NRI investment (rediff.com)
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
EXCLUSIVE INTERVIEW Democrats outline plans for trade and investment (The Nation)
Trade and investment will be an integral part of the Democrat Party's economic policies to convince the private sector of Thailand's sustainable development.
Trade ministry to hold investment conference in Zurich (Globes Online)
The conference, in which 80 local companies will participate, is intended to attract Swiss investment to Israel.
EDITORIAL: Tap Water Needs Investment (RedNova)
By The Wisconsin State Journal Sep. 2--Madison Mayor Dave Cieslewicz is wisely proposing greater investment in Madison's water quality and supply. Cieslewicz wants to fix the city's aging water pipes, filters and wells by boosting the budget for the Madison Water Utility.
Sands boosts investment in Macau to 10 billion dollars (Channel NewsAsia)
HONG KONG : US gaming giant Las Vegas Sands will boost its investment in Macau's Cotai Strip casino resorts by 25 percent to 10 billion dollars, a report said Monday.
Former employee claims investment bank a fraud (BizJournals)
A former employee of Madison Keats has sued the investment-banking firm and its founder, describing the operation as a "financial scam" that collects thousands of dollars in fees from cash-starved life-science companies but fails to deliver deal-making services in return.
Sands boosts investment in Macau to 10 billion dollars (AFP via Yahoo! News)
US gaming giant Las Vegas Sands will boost its investment in Macau's Cotai Strip casino resorts by 25 percent to 10 billion dollars.
Digiweb secures €20m investment (RTÉ News)
Digiweb has announced that it has concluded a €20m funding round in conjunction with the Moritz Group, an investment development firm active throughout Ireland and Central Europe.
Japan's capital investment spending rises (NDTV Profit)
In more good news for Japan's economy, corporate capital investment jumped 16.6 per cent in the April-June quarter from the same period a year ago, the government said Monday.
Offshore investment (Financial Mail)
management companies could not give away funds invested in international markets. With the average domestic general equity fund returning 108% over three years, and foreign equity funds a negative 9%, it was an easy decision to exclude foreign holdings from an investment portfolio.
Ripplewood Almost Triples Asahi Tec Investment With Metaldyne (Bloomberg.com)
Sept. 4 (Bloomberg) -- Ripplewood Holdings LLC, the New York investment firm that led Japan's most lucrative buyout, almost tripled the value of its stake in Asahi Tec Corp. by arranging the takeover of U.S. auto-parts supplier Metaldyne Corp.
China's overseas investment in 2005 hits new high of 12.26 bln USD (People's Daily)
China's direct investment overseas hit a new high of 12.26 billion U.S. dollars in 2005, exceeding 10 billion dollars for the first time, the Ministry of Commerce said Monday.