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Investment News 02/2007



Philippine Mining Investment to Surge to $1.6 Billion (Update3) (Bloomberg.com)
Feb. 1 (Bloomberg) -- Overseas investment in mines in the Philippines, which has $1 trillion in mineral wealth according to a state estimate, may surge to $1.6 billion next year as the industry starts to boom, the government has forecast.
Nigeria: Gas Law'll Guarantee Investment Security, Says Nnamani (AllAfrica.com)
Senate President, Ken Nnamani, has advocated enactment of a law that would guarantee security of investment by ensuring that government policies were predictable and implemented within the framework known to all participants in the sector.
Moosejaw Mountaineering sold to Dallas investment firm (Crain's Detroit Business)
Moosejaw Mountaineering and Backcountry Travel Inc. has been acquired by Dallas-based private-equity firm Parallel Investment Partners for an undisclosed amount, according to a statement issued Wednesday.
Primus eyes long-term investment in Malaysian banks (Reuters via Yahoo! Asia News)
KUALA LUMPUR, Feb 1 (Reuters) - Primus Pacific Parters wants to buy a stake in Malaysian financial group Rashid Hussain Bhd as part of a long-term investment in the Malaysian banking industry, Primus said on Thursday.
Deutsche Bank Q4 pretax up 81 pct as investment banking grows strongly UPDATE (Sharewatch)
FRANKFURT (AFX) - Deutsche Bank AG posted a fourth-quarter pretax profit of 1.9 bln, up 81 pct and exceeding consensus, with strong growth in its investment banking division helping to make what it called the "best-ever fourth-quarter".
Clients devise models to track return on agency investment (BtoBOnline.com)
As pressure is brought to bear on marketers to show return on investment for their marketing programs, many are developing models to prove ROI on agency performance as well.
Russian leader considers 2006 investment record-high (RosBusinessConsulting)
RBC, 01.02.2007, Moscow 13:00:46. Russia's economic growth in 2006 was based not only on positive external economic factors, but also on domestic factors, such as consumer and investment demand.
Hotel investment industry chooses Maurice Flanagan for Lifetime Achievement Award (AME Info)
Maurice Flanagan, vice chairman and group president of Emirates, the international airline of the United Arab Emirates, has been awarded a Lifetime Achievement Award for services to tourism in Arabia to be presented at the Arabian Hotel Investment Conference 2007 (Madinat Jumeirah, Dubai April 28-30 2007).
Vietnamese investment firm VinaCapital signs for DSTi's HiPortfolio/3 (Finextra)
DST International (DSTi), a leader in business solutions for the financial services industry, announced today that Vietnamese investment firm VinaCapital has signed an agreement to ...
National Investment Managers Inc. Appoints John M. Davis as Chief Financial Officer (Business Wire via Yahoo! Finance)
NEW YORK----National Investment Managers Inc. , a nationally-operated and regionally-based retirement plan administration and investment management company, announced today it has appointed John M.
Iran says threats aren't affecting energy investment (Budapest Business Journal)
UN sanctions against Iran, levied because of the Islamic Republic's nuclear program, aren't affecting Iran's ability to attract foreign investment to its oil and natural gas industry. OMV AG is leading efforts to build the €5 billion Nabucco project.
Labour sets out choice between £10bn NHS investment or £11bn SNP black hole (Scottish Labour Party)
Following the publication of figures today showing NHS spending in Scotland had now exceeded £10bn, Labour’s Health Minister Andy Kerr said this shows voters face a clear choice between £10bn health investment with Labour or an £11bn black hole with the SNP.
Police dismantle pipe bomb at investment company office (Jefferson City News Tribune)
KANSAS CITY, Mo. (AP) - A pipe bomb that arrived in an investment company's mail was dismantled without incident Wednesday, and federal authorities were helping investigate the case, the FBI said.
OSA asks Congress for more R&D investment (Lightwave)
April 20, 2006 Washington, DC -- Members of the Optical Society of America (OSA) traveled to Washington, D.C. on March 28 and 29 to meet with Congressional representatives. The members' goal was to emphasize the need for increased and balanced federal investment in research and development for optics and photonics technologies. The group told Congress that federally funded research for such ...
Ministry: E&P Investment Hits US$515mn in 2006 (Rigzone)
Investment in E&P activities in Peru reached US$515mn in 2006, the country's energy and mines ministry (MEM) said in a statement. The bulk of investment - US$420mn - went on production and the remainder on exploration, the statement said.
Iran says threats aren't affecting energy investment - extended (Budapest Business Journal)
UN sanctions against Iran, levied because of the Islamic Republic's nuclear program, aren't affecting Iran's ability to attract foreign investment to its oil and natural gas industry. OMV AG is leading efforts to build the €5 billion Nabucco project.
Shell sees dilemma over Iran investment (Reuters.co.uk)
LONDON (Reuters) - Royal Dutch Shell said on Thursday it faces a dilemma over its proposed multibillion dollar investment in a gasfield in Iran, which is under U.S. pressure for its atomic work and alleged interference in Iraq.
Four Companies From The Musser Group Set to Present at the 14th Annual Emerald Groundhog Day Investment Forum (SYS-CON Media)
Emerald Asset Management has announced that Musser Group companies InfoLogix (BULLETIN BOARD: IFLG) ; Health Benefits Direct (HBDT); Epitome; and DirectorForce, will be presenting at the Fourteenth Annual Emerald Groundhog Day Investment Forum, scheduled for Thursday, February 1, 2007 at the Radisson Plaza Warwick Hotel in Philadelphia. As the largest investment event in Philadelphia, the forum ...
ACCOUNTING QUALITY AND FIRM-LEVEL CAPITAL INVESTMENT (Accounting Education)
This study examines how accounting quality relates to firm-level capital investment efficiency. Our first hypothesis is that higher quality accounting enhances investment efficiency by reducing information asymmetry between managers and outside suppliers of capital.
Showtime Networks Inc. Invests in ProElite, Inc.; Investment Augments Exclusive Premium Television Arrangement Between ... (RedNova)
LOS ANGELES, Feb. 1, 2007 (PRIME NEWSWIRE) -- Showtime Networks Inc., the premium television network unit of CBS Corporation, today said it has made an investment in ProElite, Inc. (Pink Sheets:PELE). The announcement was made jointly today by Matthew C.
Gold adds polish to investment portfolio (Telegraph)
Centuries ago, gold was the global investment, the ultimate store of value and the commodity on which entire economies were based. Now, mining companies would be happy if more investors devoted just a small slice of their portfolios to the metal.
CPP Investment Board Encourages Canada's 200 Largest Companies to Provide Disclosure on Climate Change and Shareholder ... (SYS-CON Media)
The CPP Investment Board today encouraged Canada's 200 largest companies to disclose more information on the business risks and opportunities they face as a result of climate change by responding to the Carbon Disclosure Project's (CDP) questionnaire.
NDC Capital Partners Announces a Real Estate Co-Investment With Capital Assets (SYS-CON Media)
NDC Capital Partners LLC ('NDC') todayannounced a co-investment with Capital Assets, Inc. ('Capital Assets') forthe acquisition of Lincoln Glens, a 224 unit apartment complex located inTulsa, Oklahoma. The Tulsa multi-family market has demonstrated long-termstability with only a small amount of new construction in the past fiveyears. The property is located in the South Tulsa submarket which ...
Ratings firms give KC bonds investment-grade ratings (BizJournals)
A Kansas City bond issue received investment-grade ratings from the top three rating agencies, the city said Thursday.
NDC Capital Partners Announces a Real Estate Co-Investment With Capital Assets (SYS-CON Media)
NDC Capital Partners LLC ('NDC') todayannounced a co-investment with Capital Assets, Inc. ('Capital Assets') forthe acquisition of Lincoln Glens, a 224 unit apartment complex located inTulsa, Oklahoma. The Tulsa multi-family market has demonstrated long-termstability with only a small amount of new construction in the past fiveyears. The property is located in the South Tulsa submarket which ...
U.S. cautions against energy investment in Iran (Ashland Daily Tidings)
WASHINGTON — The Bush administration is warning European oil and gas companies against investing in Iran, trying to head off a push by Tehran to attract new investment by international petroleum giants.
Investment dents Amazon profits (BBC News)
Online retailer Amazon sees quarterly profits halve, after higher taxes and investment over the holiday period.
Canadian Real Estate Investment Trust Sells 50% Interest in Toronto Office Complex (SYS-CON Media)
Canadian Real Estate Investment Trust ('CREIT') (TSX: REF.UN) today announced that it has sold a 50% interest in 175 Bloor Street East, Toronto, Ontario to a wholly-owned subsidiary of a Canadian pension fund.
Asian Private Equity Investment More Than Doubled In 2006 (Nasdaq)
SHANGHAI -(Dow Jones)- Private equity investment in Asia more than doubled in 2006 in a clear sign the market can absorb the swelling funds earmarked for the region, according the Asian Venture Capital Journal.
Public Sector Pension Investment Board Completes Compulsory Acquisition of Retirement Residences Real Estate Investment ... (SYS-CON Media)
Public Sector Pension Investment Board ('PSPIB') and Retirement Residences Real Estate Investment Trust ('Retirement REIT') (TSX: RRR.UN)(TSX: RRR.DB.B)(TSX: RRR.DB.C) announced today that PSPIB Destiny Inc. ('PSPIB Destiny'), a wholly-owned subsidiary of PSPIB, has acquired, pursuant to the compulsory acquisition provisions in Retirement REIT's declaration of trust, an additional 5,912,681 units ...
Police dismantle pipe bomb at investment company office (KSHB-TV Kansas City)
KANSAS CITY, Mo. (AP) – A pipe bomb that arrived in an investment company's mail was dismantled without incident Wednesday, and federal authorities were helping investigate the case, the FBI said.
RoK, Japanese and US investment in Vietnam on the increase (Nhan Dan)
Investment from the Republic of Korea (RoK), Japan and the US in Vietnam will continue increasing, according to the office of Korea Trade-Investment Agency (KOTRA) in Hanoi.
WPP Makes Strategic Investment in Jumptap, Leaders in Mobile Search and Advertising (wallstreet:online AG)
JumpTap, Inc, leaders in mobile search and advertising, today announces a new strategic investment
Bumper year for investment managers (Financial Times)
Last year was a record one for merger and acquisition activity in the global investment management industry, with 189 deals accounting for $2,646bn of assets under management, almost double the previous record of $1,377bn set in the balmy days of 2000.
WPP Makes Strategic Investment in Jumptap, Leaders in Mobile Search and Advertising (FinanzNachrichten)
JumpTap, Inc, leaders in mobile search and advertising, today announces a new strategic investment from WPP ( Nachrichten ) ( NASDAQ:WPPGY), one of the world's leading communications services groups.
(AFX UK Focus) 2007-02-02 11:56 GMT: Japan Residential Investment begins to build portfolio (Interactive Investor)
LONDON (AFX) - AIM-listed Japan Residential Investment Co Ltd said it has signed contracts for 7 properties while agreement has been reached, subject to due diligence, on 9 further properties, for a total investment of around 65 mln stg.
Survey Finds Rising Support for Foreign Investment (PR Newswire via Yahoo! Finance)
As Congress considers legislation to reform the Committee on Foreign Investment in the United States , a new survey conducted by the Financial Services Forum finds a more favorable view of foreign investment among the American public a year after the Dubai Ports debate.
Survey Finds Rising Support for Foreign Investment (U.S. Newswire via Yahoo! News)
As Congress considers legislation to reform the Committee on Foreign Investment in the United States (CFIUS), a new survey conducted by the Financial Services Forum finds a more favorable view of foreign investment among the American public a year after the Dubai Ports debate.
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at January 31, 2007 (Market Wire via Yahoo! Finance)
Kayne Anderson MLP Investment Company today announced its net asset value at January 31, 2007.
US: Investment group lead bidder for Delphi steering (just-auto)
Delphi has chosen investment group Platinium Equity as lead bidder for its global steering and half-shaft business.
Germany Boosts Investment in Climate Change Research (Deutsche Welle)
The UN climate panel has issued its strongest ever warning about global warning. The German government says more investment in environmental technology is the way ahead.
AlphaVax Announces the Closing of Its Series E Investment Offering (RedNova)
RESEARCH TRIANGLE PARK, N.C., Feb. 2 /PRNewswire/ -- AlphaVax Inc, today announced that it has successfully completed its Series E Preferred Stock offering, with a total investment of approximately $12.7 million -- a majority invested by established holders of equity.
Patient Safety Technologies, Inc. Receives $1 Million Strategic Investment From Manufacturing Partner (RedNova)
Patient Safety Technologies, Inc. (AMEX:PST) announced today that it has received a $1 Million strategic equity investment from A Plus International, Inc. ("A Plus"), the exclusive manufacturing partner of the Company's wholly owned subsidiary, SurgiCount Medical, Inc.
Blackpool stands to miss out investment dollars (Casino City Times)
BLACKPOOL, England – (PRESS RELEASE) --Blackpool stands to miss out on up to £700m worth of investment following the failure of its supercasino bid. The shocking figure represents the full cost to the resort if Manchester wins the UK's first regional casino licence.
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at January 31, 2007 (SYS-CON Media)
Kayne Anderson MLP Investment Company (the'Company') (NYSE: KYN) today announced its net asset value at January 31,2007.
Kayne Anderson MLP Investment Company Announces Its Net Asset Value at January 31, 2007 (SYS-CON Media)
Kayne Anderson MLP Investment Company (the'Company') (NYSE: KYN) today announced its net asset value at January 31,2007.
IMF Rato: Central America Must Boost Investment,Productivity (Nasdaq)
NEW YORK -(Dow Jones)- Central American countries must do more to encourage investment and productivity if they are to increase wealth, according to Rodrigo de Rato, managing director of the International Monetary Fund.
AKQA Announces New Investment Partner General A20070203100848
RAKISA discusses Hail Economic City investment opportunities with global giant General Electric (AME Info)
Conporec reaches agreements to settle debts with Desjardins, Investment Quebec (CP via Yahoo! Canada News)
TORONTO (CP) - Quebec-based recycling technology company Conporec Inc. (TSXV:CNP) has reached deals to pay out about $7 million to settle debts owed to the Desjardins credit union and Investment Quebec, a provincial government financing agency.
AKQA Announces New Investment Partner General Atlantic (SYS-CON Media)
AKQA, a leading interactive marketing agency, announced today that it plans to accelerate its growth as a global independent with the addition of its new investment partner, General Atlantic LLC, a leading global private equity firm focused on growth companies. AKQA's existing management team will continue to hold a substantial stake in the business. The terms of General Atlantic's investment ...