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Investment News 04/2007



CORRECTED:LG.Philips aims to make 11 mln modules by '11 (Reuters via Yahoo! News)
(Correcting the fourth paragraph to make clear it refers to total planned investment)
'Investment porn' panned by DFA funds reach Fama's gospel (The Journal News)
Weston Wellington looks out at his new recruits and warns them of what he calls one of the great evils of Wall Street: "investment pornography." Wellington, a vice president at Dimensional Fund Advisors, flashes slides of magazine headlines such as "The Next Microsoft" and "Tech Stocks, Everyone's Getting Rich."
China investment funds post record opg profit of 270.8 bln yuan in 2006 - Xinhua (The Forex Market)
BEIJING (XFN-ASIA) - Investment funds in China posted record operating profit of 270.8 bln yuan last year, helped by the stock market's good run, Xinhua news agency reported.
Investment fugitive back in Alabama (Montgomery Advertiser)
A 64-year-old fugitive in a multimillion-dollar investment scheme was extradited Saturday from Panama to Alabama, federal officials said.
Care Investment Trust to raise $275M in IPO (Crain's New York Business)
CIT Group said that Care Investment Trust, the newly formed REIT, will help finance a wide range of healthcare facilities.
Near-campus real estate good (or great) investment (Bankrate.com)
Dear Steve, I am looking to purchase a property very close to a university -- probably to rent out. Slightly more than half of the owners there are renting out their homes. What long-term effect on value and resale do all these rentals have and what other potential issues are there to consider?
Business investment fell 1.2 percent in February (Home News Tribune)
WASHINGTON — Business investment fell for a second-consecutive month in February, the government said in a report that offered disappointing news about a key sector of the U.S. economy.
China's schizophrenic outlook (International Herald Tribune)
If investment continues at more than 20 percent a year, what has been a source of growth for years could turn out to be a curse.
AT&T In Negotiations For Investment In Telecom Italia (CNW Group via Yahoo! Finance)
AT&T Inc. today said it is in negotiations for a potential indirect investment in Telecom Italia S.p.A. The proposal is for AT&T to purchase a one-third stake in Olimpia S.p.A., a holding company with approximately 18 percent of Telecom Italia's ordinary shares, subject to satisfactory completion of AT&T's due diligence, agreement on other terms of the transaction, and satisfaction of other ...
Thailand Investment Curbs Backfire, Set Stage for Rally in Baht (Bloomberg.com)
April 2 (Bloomberg) -- Thailand's baht, the best performer among Asian currencies this year, may keep gaining because investment restrictions aimed at protecting exporters have backfired.
UniCredit is hoping to enter the investment big league (International Herald Tribune)
UniCredit, the biggest Italian bank, plans to compete with top European securities firms by financing large buyouts and beefing up its mergers and acquisitions team, the head of its investment banking unit says.
Freestone Partners Completes Investment in Sweet Leaf Tea (PR Web)
Houston-based private equity firm, Freestone Partners, completed its capital investment in Austin-based beverage favorite Sweet Leaf Tea. (PRWeb Apr 2, 2007) Post Comment:Trackback URL: (link) Q291cC1TaW5nLUNyYXMtRmFsdS1NYWduLVplcm8=
Investment advisor manages $500M (Miami Herald)
Frank Armstrong takes his job as head of an independent investment advisor firm more personally than he took his 19 years as a commercial pilot. That's because his clients' entire financial futures depend on his Coconut Grove company.
Jefferies Strengthens Global Healthcare Investment Banking Team With Senior Hire In London (PR Newswire via Yahoo! Finance)
The Jefferies investment bank today announced the hiring of Ronald Openshaw as a Director of Investment Banking within Jefferies' European healthcare practice. Building on Jefferies' established expertise in M&A and the capital markets, this addition further strengthens the Firm's global capabilities in this dynamic, high growth sector.
Mobile Operators Could Recoup Investment in Unbundled DSL Within Three Years, Says Analysys (Business Wire via Yahoo! Finance)
LONDON----The provision of fixed broadband is becoming essential for mobile operators and they could quickly recoup the substantial investment necessary to offer their own unbundled DSL services if they achieved strong service uptake, says Analysys, the global advisers on telecoms, IT and media .
Floyd Associates Invites Clients, Colleagues, and Friends to Join the Annual Investment Capital Conference Held at the ... (PrimeNewswire via Yahoo! Finance)
LOS ANGELES, April 2, 2007 -- Floyd Associates , a privately held consulting firm with expertise in corporate finance, business strategy, investment banking, and mergers & acquisitions invites clients, colleagues, and friends to join the 2007 Investment Capital Conference .
AEHI, AEM and MAPS Update the Investment Community in All New Interviews With WallSt.net (PR Newswire via Yahoo! Finance)
On March 16, Don Gillispie, CEO of Alternate Energy Holdings, Inc. updated the investment community in an all-new interview with www.wallst.net. Interview highlights include detailed discussions on the following topics:
FX Solutions Announces Investment By Francisco Partners (PR Newswire via Yahoo! Finance)
FX Solutions, a leader in the rapidly growing retail foreign exchange market, announced today that Francisco Partners, one of the world's largest technology-focused private equity investment firms, has invested in excess of $100 million to recapitalize the company.
AARP: Many worry about investment fraud (Honolulu Advertiser)
A new study shows that Hawai'i residents 50 or older are concerned about becoming a victim of investment fraud and that one-quarter of them has suffered from or known someone who has suffered from fraud.
NovoDynamics(R) Announces a Multi-Million Dollar Strategic Investment and Technology Advancement Agreement With In-Q-Tel (PR Newswire via Yahoo! Finance)
NovoDynamics Inc., the creator of VERUS, the most advanced Middle Eastern optical character recognition software, announced today that it has entered into a multi-million dollar strategic investment and technology advancement agreement with In-Q- Tel, the independent strategic investment firm that identifies innovative technologies to support the mission of the U.S.
BullMarket.com Offers Investment Opinion on Mortgage REITs (Business Wire via Yahoo! Finance)
PRINCETON, N.J.----BullMarket.com , an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a detailed report on mortgage REITs, including Opteum , New York Mortgage Trust , Friedman, Billings, Ramsey Group , Anworth Mortgage Asset , and Annaly Capital Management .
BTB Real Estate Investment Trust: Grant of Options to Purchase Units to an Officer (CCNMatthews via Yahoo! Finance)
MONTREAL, QUEBEC-- - The trustees of BTB Real Estate Investment Trust , announced today the grant of options to purchase 100,000 units of BTB REIT to Mr. Benoit Cyr, Chief Financial Officer of BTB REIT.
National Investment Managers Inc. Reports Record Financial Results (Business Wire via Yahoo! Finance)
NEW YORK----National Investment Managers Inc. , a nationally-based and regionally-operated retirement plan administration and investment management company, announced its financial results for the year ended December 31, 2006.
Global Diversified Investment Grade Income Trust II - Expected volatility of the net asset value (CNW Group via Yahoo! Finance)
As provided in the prospectus of Global Diversified Investment Grade Income Trust II , a net asset value is published monthly for the units of the Trust. In order to calculate the NAV of the Trust, the trustee, Global Digit II Management Inc. receives from Winchester Capital, a division of Deutsche Bank A.G. an indicative price on the value of the financial contracts.
Global Diversified Investment Grade Income Trust Series 2004-1 - Estimated net asset value as at March 31, 2007 - ... (CNW Group via Yahoo! Finance)
As provided in the prospectus of Global Diversified Investment Grade Income Trust Series 2004-1 , a net asset value is published monthly for the units of the Trust. In order to calculate the NAV of the Trust, the co-trustees, Metcalfe & Mansfield Alternative Investments Corp. and 4227298 Canada Inc. receive from the counterparty to the financial contracts an indicative price on the value of such ...
First National Launches Nebraska's Only Full-Service Investment Bank (Business Wire via Yahoo! Finance)
OMAHA, Neb.----First National of Nebraska, one of the nation's largest banking holding companies headquartered west of the Mississippi River, announced the launch of First National Investment Banking , the only full-service investment bank in Nebraska, according to Clark D.
New Investment Boosts Sochi 2014 Bid (GamesBids.com)
Sochi’s bid for the 2014 Winter Olympic Games got another boost following discussions last week between the city of Sochi and the European Bank of Reconstruction and Development on new investment opportunities in the Krasnodar Region.
E-Learning Course: Collective Investment Schemes Available Now (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "E-Learning Course: Collective Investment Schemes " to their offering.
AMCORE Investment Group Hires New Executive Vice President (PR Newswire via Yahoo! Finance)
AMCORE Investment Group, N.A. is pleased to announce Russell Campbell has joined the company as executive vice president. Campbell will direct all aspects of the trust, investment management and private banking businesses.
Silicon Navigator Receives Investment From Intel Capital for Development of OpenAccess Solutions (Market Wire via Yahoo! Finance)
Silicon Navigator(TM) Corporation announced today that it has received an investment from Intel Capital to further mutual goals of expanding the scope and usage of OpenAccess-based products. Silicon Navigator is a leading provider of broad-based Electronic Design Automation solutions based natively on the Open Source, OpenAccess database.
Laserfiche Solution Provides New Capabilities and Resources for Registered Investment Advisors (Business Wire via Yahoo! Finance)
LONG BEACH, Calif.----Laserfiche, a document management solutions firm, today announced a major campaign that will strategically focus on serving the needs of the Registered Investment Advisors community.
PIMCO's Bill Gross' April "Investment Outlook" Available as a Podcast Titled "Grim Reality" (Market Wire via Yahoo! Finance)
PIMCO today announced that Chief Investment Officer and Founder Bill Gross' April "Investment Outlook" is available free of charge as a podcast on iTunes.com and pimco.com.
Investment company to keep trying for Riviera (Casino City Times)
LAS VEGAS, Nevada – An investment group trying to acquire the parent company of the Riviera is asking the company's board of directors to step aside and let the stockholders decide the company's fate.
AirAsia Owners to Launch Investment Co. (AP via Yahoo! Finance)
The owners of Malaysian budget airline AirAsia said Monday they will launch a low-cost investment portal on the Internet that will aim to serve ordinary people who have no money for big investments.
Akzo Nobel Divests its Akcros Chemicals PVC Additives Business to UK-based Investment Firm, GIL Investments (ChemPoint)
ARNHEM, the Netherlands, March 15, 2007 -- Akzo Nobel has divested its Akcros Chemicals PVC additives business to UK-based private investment firm GIL Investments. Financial details were not disclosed.
Trimark Canadian Small Companies Fund Reopens For New Investment (CNW Group via Yahoo! Finance)
AIM Trimark Investments today announced that Trimark Canadian Small Companies Fund, which had been capped to new investments since May 17, 2002, is reopen to new investment effective immediately.
Ala. man sought in investment scam appears in court (The Daily Comet)
A man sought by authorities for more than six years made his first federal court appearance Monday following his capture in Panama, where authorities arrested him in an investment scam with victims including Florida State football coach Bobby Bowden.
Ala. man sought in investment scam appears in court (NBC 15 Mobile)
A man sought by authorities for more than six years made his first federal court appearance Monday following his capture in Panama, where authorities arrested him in an investment scam ...
ICMA-RC Introduces Suite of Investment Advisory Services to Retirement Plan Participants (PR Newswire via Yahoo! Finance)
ICMA-RC today announced the introduction of a comprehensive suite of retirement investment advisory services under the banner Guided Pathways. The new program will allow participants to choose Asset Allocation Guidance, Fund Advice, or Managed Accounts services, depending on their individual retirement planning needs.
First National Starts Investment Banking (AP via Yahoo! Finance)
The nation's largest private banking company, First National of Nebraska, plans to expand its investment banking offerings to serve customers in several states.
Federal Realty Investment Trust initiated with "buy" (New Ratings)
NEW YORK, April 2 (newratings.com) - Analysts at Banc of America Securities initiate coverage of Federal Realty Investment Trust ( FRT.NYS ) with a "buy" rating. The target price is set to $98.
Lightyear Capital Says Lightyear Fund To Acquire Neff From Odyssey Investment - Update (Nasdaq)
(RTTNews) - Monday, Lightyear Capital LLC, a private equity firm focused on financial services, announced that Lightyear Fund II, L.P. has entered into a definitive purchase agreement to acquire Neff Corp., a construction equipment rental company, from Odyssey Investment Partners.
First National Nebraska launches fully-fledged investment bank (Lincoln Journal Star)
OMAHA — The nation’s largest privately held banking company, First National of Nebraska, plans to expand its investment banking offerings to serve customers in several states.
AARP: Hawaii Seniors Worry About Investment Fraud (KITV TheHawaiiChannel.com via Yahoo! News)
Investment fraud is a big concern for many older Hawaii residents, according to a new survey released Monday by the state and AARP.
Investment scheme garners 5 year prison sentence (Asbury Park Press)
A Jersey City man who pleaded guilty to bilking hundreds of thousands of dollars from victims across the country, including elderly people in Monmouth County, was sentenced Monday to five years in prison. On Dec. 13, Patrick Dacosta, 47, owner of the investment company Ultimate Chasers of East Orange, pleaded guilty to four counts of wire fraud, admitting that he engaged in an elaborate ...
Beaver County investment adviser pleads guilty in scams (Pittsburgh Tribune-Review)
An investment adviser from Beaver County who bilked clients out of about $200,000 pleaded guilty in federal court Monday to mail fraud.
BNP, Saudi Investment Bank Enter Deal (AP via Yahoo! Finance)
BNP Paribas Asset Management and the Saudi Investment Bank have signed a protocol on strategic cooperation in asset management in Saudi Arabia, the companies announced Tuesday.
BNP, Saudi Investment Bank Agree on Deal (AP via Yahoo! Finance)
BNP Paribas Asset Management and the Saudi Investment Bank said Tuesday they have agreed to cooperate in asset management in Saudi Arabia.
Cisco Creates Russian Investment Fund (Light Reading)
Cisco Systems Inc. (Nasdaq: CSCO - message board ) has set up a "venture capital initiative" to invest in startups and local investment funds in Russia, and has already pumped some cash into a Russian e-commerce Website, the company announced Tuesday.
MicroCHIPS Receives Equity Investment from Leading Pharmaceutical Company (Business Wire via Yahoo! Finance)
BEDFORD, Mass.----MicroCHIPS, Inc., a leading developer of innovative drug delivery and biosensing devices, today announced a $13.4 million round of investment funding led by Novartis Venture Fund.