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Investment News 03/2007



Australia's Business Investment Rose 1% on Miners (Update1) (Bloomberg.com)
March 1 (Bloomberg) -- Australian business investment rose in the fourth quarter as miners expanded, stoking growth in the world's largest exporter of iron ore and coal.
National Bank of Canada Exercised its Right to Have 1,408,600 of its Units of Global Diversified Investment Income ... (SYS-CON Media)
National Bank of Canada (TSX: NA) ('NBC') announces that it exercised its right to have 1,408,600 of its units of Global Diversified Investment Grade Income Trust II (the 'Trust'), representing approximately 10.1% of all issued and outstanding units of the Trust (the 'Units'), redeemed in full by the Trust on February 28, 2007.
Golden Girls looking for green: Investment club teaches retirees to control stock (North County Times)
TEMECULA -- Let's get something straight about the Golden Girls Investment Club: It was named for the group's desire to find fortune in the stock market, not after the 1980s-era television show.
Australian Dec. Quarter New Capital Investment Grows Sequentially (Nasdaq)
(RTTNews) - Australian new capital expenditure grew on sequential basis in December quarter, reversing a decline registered in the prior quarter, official data indicated. Meanwhile, on an annual basis, business investment declined.
Australia's Business Investment Rises 1% on Miners (Update3) (Bloomberg.com)
March 1 (Bloomberg) -- Australian business investment rose in the fourth quarter as miners expanded, stoking economic growth in the world's largest exporter of iron ore and coal.
Pershimco Resources: Second Round of the MineralFields Group's Planned Investment Completed (SYS-CON Media)
Pershimco Resources Inc. ('Pershimco' or the 'Corporation') (TSX VENTURE: PRO) announced today that the MineralFields Group exercised its right under an agreement with the Corporation to complete a private placement within 60 days of the new year that brings their total investment in the Corporation to $1.1 million dollars. The initial placement was announced last December-please refer to the ...
DATA SNAP: Hungarian 4Q Capital Investment -4.5% YY (The Forex Market)
BUDAPEST (Dow Jones)--Investment in fixed assets fell in Hungary during the fourth quarter of 2006 versus a year earlier, as all sectors saw investment falling apart from healthcare and social services, the central statistics office said Thursday.
DATA SNAP: Hungarian 4Q Capital Investment -4.5% YY -2- (The Forex Market)
In the whole of 2006, investment in fixed assets was down 2.0% in volume terms from 2005. Investment totaled 1.74 trillion forints ($9.02 billion) in the fourth quarter of 2006.
Hungarian 4Q Capital Investment Table of Data (The Forex Market)
Following is a breakdown of investment. All figures are in forints, with percentage changes from the same periods of the previous year adjusted for inflation.
China Names Nine Countries as `Suitable' for Oil Investment (Bloomberg.com)
March 1 (Bloomberg) -- China, the world's second-largest oil user after the U.S., has identified nine countries as suitable for investment by the nation's oil companies in a list that excludes Iran, Sudan and Nigeria.
Investment adviser guilty of workers' comp bribes (The Toledo Blade)
FORT MYERS, FLA. - Federal prosecutors have caught up with Clarke T. Blizzard, a onetime star investment marketer, who has long been a target of investigators.
China targets 9 countries for oil investment (International Herald Tribune)
China, the world's second-largest oil user after the United States, identified nine countries as suitable for investment by the nation's oil companies on Thursday, but Iran, Nigeria and Sudan were not on the list.
Bill on Foreign Investment Advances (Washington Post)
The House agreed yesterday to give the government broader powers to review foreign investments in U.S. power plants, ports and other facilities that could be vulnerable to terrorist attacks.
UK Needs Significant Investment In Energy - IEA's Mandil (Nasdaq)
LONDON -(Dow Jones)- The U.K. needs significant investment in the energy sector, particularly new nuclear power generation and gas import infrastructure, to guarantee its future energy security said Claude Mandil, head of the International Energy Agency Thursday.
Canada Pension Plan Investment Board, TIAA-CREF Join in $1.5B Venture (Commercial Property News)
The Canada Pension Plan Investment Board and TIAA-CREF Asset Management are going into a venture with a gross value of U.S.$1.5 billion, TIAA-CREF announced in a statement today. The total commitment to the joint venture is U.S.$612 million in equity.
U.S. House Approves New Review Process for Foreign Investment (U.S. Department of State)
The House of Representatives passes a bill to strengthen federal reviews of proposed foreign investment transactions in the United States and give Congress more oversight over the review process. The measure, which still needs Senate approval, would broaden the scope of deals subject to review by the interagency Committee on Foreign Investment in the United States, would require a 45-day ...
Berkshire Net Income Falls 30 Percent on Fewer Investment Gains (Bloomberg.com)
March 1 (Bloomberg) -- Berkshire Hathaway Inc., run by billionaire Warren Buffett, said fourth-quarter profit fell 30 percent on fewer investment gains.
Berkshire Net Income Falls on Fewer Investment Gains (Update1) (Bloomberg.com)
March 1 (Bloomberg) -- Berkshire Hathaway Inc., run by billionaire Warren Buffett, said fourth-quarter profit fell 30 percent on fewer investment gains. Earnings from its insurance units surged, led by reinsurance.
Berkshire Net Income Falls on Lower Investment Gains (Update2) (Bloomberg.com)
March 1 (Bloomberg) -- Berkshire Hathaway Inc., run by billionaire Warren Buffett, said fourth-quarter profit fell 30 percent on lower investment gains. Earnings from its insurance units surged, led by reinsurance.
Buffett: Seeking investment chief (AP via Yahoo! News)
Chief Executive Warren Buffett said he plans to hire a young investment manager to help succeed him at Berkshire Hathaway Inc. as the insurance giant recorded a 29.2 percent jump in net income in 2006, helped by a lack of hurricanes.
Buffett: Seeking Investment Chief (ABC News)
Buffett Plans to Hire Successor As Berkshire Hathaway Investment Chief
Berkshire Net Income Falls on Lower Investment Gains (Update3) (Bloomberg.com)
March 1 (Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. said fourth-quarter profit fell 30 percent on lower investment gains. Profit from insurance surged after the company raised prices for coverage against hurricane damage.
Buffett Plans to Hire Investment Manager (ABC News)
Warren Buffett Plans to Hire at Least One Young Investment Manager to Help Succeed Him
Buffett plans to hire investment manager (AP via Yahoo! News)
Legendary investor Warren Buffett renewed speculation about who will replace him at Berkshire Hathaway Inc., saying Thursday in his annual shareholder letter that he plans to hire at least one young investment manager to help succeed him.
Buffett Discloses 4% Posco Stake; Investment Doubles (Update6) (Bloomberg.com)
March 2 (Bloomberg) -- Warren Buffett, the world's second- richest man, disclosed that Berkshire Hathaway Inc. owns 4 percent of South Korea's Posco, an investment that has doubled in value. The company's shares surged.
Buffett looking for investment manager (Montgomery Advertiser)
Legend­ary investor Warren Buffett renewed speculation about who will replace him at Berkshire Hathaway Inc., saying Thursday in his an­nual shareholder letter that he plans to hire at least one young investment manager to help succeed him.
Bloomberg: Major Investment Banks' Credit Derivatives Trade Near 'Junk' Status (SeekingAlpha via Yahoo! Finance)
Credit-default swaps tied to the large NY-based investment banks traded at their highest level in 19-months, as even their own traders are valuing them little above non-investment grade status.
Ex-treasurer to go to trial for embezzlement: Prosecutors say $1.2 million lost as a result of Nigerian investment scam. (South Bend Tribune)
HARRISVILLE, Mich. (AP) -- The former county treasurer in this lakeside vacation community was ordered to stand trial Wednesday on charges that he looted $186,500 in public funds for a phony Nigerian investment scam.
Are bonds a bad investment? (International Herald Tribune)
Investment advisers would never say that investors should never own bonds, but they do say that stocks are a better choice — even with turbulence of the sort recently on display — because they earn more over the long haul.
Workforce Investment Board wants more control (The Courier Express)
RIDGWAY - The Workforce Investment Board would like to have more control over its budget and the employees who work on workforce investment for North Central Pennsylvania Regional Planning and Development Commission.
Harleysville National subsidiary buys investment advisory (BizJournals)
Harleysville National Corp. said Friday that one of its subsidiaries has acquired an investment advisory.
Coal-fired power investment is now in question (South Idaho Press)
Heyburn — After months of public promotion and a second round of elections, investment in a proposed coal-fired power plant is now being rejected by at least one local industry representative.
Nuveen New York Investment Quality Municipal Fund upgraded to "hold" (New Ratings)
NEW YORK, March 2 (newratings.com) - Analysts at Stifel Nicolaus & Company upgrade Nuveen New York Investment Quality Municipal Fund (ticker: NQN) from "sell" to "hold."
Furniture Brands Up on Investment (AP via Yahoo! Finance)
Shares of Furniture Brands International Inc. jumped 12 percent Friday after affiliates of private investment firm Sun Capital Partners reported a 5 percent stake in the company.
Investment Guru Buffett Seeks a Successor (NPR)
Investment guru Warren Buffett is looking for a successor. The 76-year-old head of the Berkshire Hathaway holding company writes that his successor much be able to manage "a very large portfolio." Buffett says he's not stepping down anytime soon.
Coal-fired power investment is now in question (South Idaho Press)
Heyburn — After months of public promotion and a second round of elections, investment in a proposed coal-fired power plant is now being rejected by at least one local industry representative.
Buffett to start search for his successor as investment officer (Baltimore Sun)
The world headquarters of Berkshire Hathaway Inc. may soon grow to more than 20 employees when chief executive Warren E. Buffett starts hiring young investment managers to eventually help replace him.
China to Use Huijin Investment to Help Manage Reserve (Update1) (Bloomberg.com)
March 3 (Bloomberg) -- China will use government-owned Central Huijin Investment Co., which holds stakes in banks, to help manage the nation's $1 trillion of foreign currency reserves, the central bank's vice governor said.
Buffett plans to begin hiring, training investment manager (The Buffalo News)
OMAHA, Neb. - The world headquarters of Berkshire Hathaway Inc. may soon grow to more than 20 employees when chief executive Warren Buffett starts hiring young investment managers to eventually help replace him.
AEA and state legislators speak out for public school investment (The Daily Dispatch)
The Arizona Education Association and several legislators came together to discuss the need for investment in Arizona's public schools.
Donna Childs: Be skeptical about Iraqi dinar investment deal (Dayton Daily News)
The Better Business Bureau warns you about an alleged investment deal involving Iraqi dinars, the currency of Iraq. The BBB in Chicago has received close to 100 complaints from people in 33 states, including Ohio, and eight countries including, Singapore, Australia, Malaysia, Canada and Iraq.
PhaseLink Announces Investment From Samsung Ventures (PR Web)
PhaseLink Corporation, a fabless semiconductor IC company specializing in high performance frequency timing generation solutions for digital consumer, communication, and storage products markets, today announced that Samsung Ventures, Samsung Electronics' venture investment organization, has invested in the company for an undisclosed amount. (PRWeb Mar 4, 2007) Post Comment:Trackback URL: ...
Don't panic, but don't fall asleep either, say investment experts (Baltimore Sun)
The Dow sets record after record, only to sink 416 points in a day. It then endures some big swings during the next few days before losing more ground.
Japan Oct-Dec non-financial firms' capital investment up 16.8 pct yr-on-yr (The Forex Market)
TOKYO (XFN-ASIA) - The combined capital investment of non-financial Japanese companies in the period October-December rose 16.8 pct from a year earlier, or a faster clip than the 12.0 pct increase seen in the three months to September, a government survey showed.
Japan's Company Investment Accelerates in 4th Quarter (Update2) (Bloomberg.com)
March 5 (Bloomberg) -- Japan's largest companies accelerated spending in the fourth quarter, signaling business investment will keep driving growth and extend the economy's longest expansion in more than 60 years.
China Plans More Steps to Curb Lending, Investment (Update1) (Bloomberg.com)
March 5 (Bloomberg) -- China will take more steps to curb investment and lending, Premier Wen Jiabao said, as the government tries to stop the world's fastest-growing major economy from overheating.
Japan's 4th Quarter Company Investment Accelerates (Update3) (Bloomberg.com)
March 5 (Bloomberg) -- Japan's largest companies increased spending at the fastest pace in at least four years last quarter, signaling the economy may have grown more than initially estimated by the government.
Guardian finds investment partner (BizJournals)
After decades of surviving off management fees in the bare-knuckle world of multifamily housing, Tom Brenneke is more than ready to be institutionalized.
Exchange-traded funds become investment products 'rock star' (BizJournals)
If there were a rock star among investment products, it would have to be exchange-traded funds.
Around the Markets: Goldman and Merrill almost "junk," their own traders say (International Herald Tribune)
Because of a slumping housing market, investment banks suddenly have become so speculative that their own traders are valuing the three biggest securities firms as barely more creditworthy than junk bonds.