Investment News 04/2007 (Page 4)
Workforce Investment head named (Pittsburgh Business Times)
Robert Garraty was named Monday as executive director of the Pennsylvania Workforce Investment Board, replacing Fred Dedrick, who is now the state Department of Labor & Industry's director of innovation and technical assistance for work force development.
(Apr 9, 2007)
Omni Oil & Gas, Inc. Selects InfusionCapital as Investment Banking Advisor (Business Wire via Yahoo! Finance)
DALLAS----Omni Oil & Gas, Inc. , www.omnioil.com , announced today that it had executed an engagement agreement with InfusionCapital, a Celebration, Florida-based investment banking consultancy firm, as financial advisor for the Company.
(Apr 9, 2007)
Brazil Real Rises to Six-Year High on Exports, Investment Flows (Bloomberg.com)
April 9 (Bloomberg) -- Brazil's real strengthened to a six- year high on speculation dollar inflows from exports and investment in the stock and bond markets will keep rising.
(Apr 9, 2007)
MTI Expands EMC Investment (Byte and Switch)
IRVINE, Calif. -- MTI Technology Corporation (Nasdaq: MTIC - News), a global provider of end-to-end information infrastructure solutions, today announced its plan for a major investment in training and certification programs offered by EMC Corporation.
(Apr 9, 2007)
American Home Mortgage Investment downgraded to "market perform" (New Ratings)
NEW YORK, April 9 (newratings.com) - Analysts at Friedman Billings downgrade American Home Mortgage Investment Corp ( AHMH.NAS ) from "outperform" to "market perform." The target price has been reduced from $40 to $23.
(Apr 9, 2007)
Montgomery & Co. LLC Announces Investment Opinion: Montgomery & Co., LLC Resumes Coverage of Cardica, Inc. (CRDC), ... (Business Wire via Yahoo! Finance)
SAN FRANCISCO----Montgomery & Co., LLC, a leading investment bank for growth companies in the information technology, communications, healthcare, and media sectors, announced today that Research Analyst Caroline Corner has resumed coverage of Cardica, Inc. , DexCom, Inc. , and The Spectranetics Corp. .
(Apr 9, 2007)
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.
(Apr 9, 2007)
American Home Mortgage Investment downgraded to "equal weight" (New Ratings)
NEW YORK, April 9 (newratings.com) - Analysts at Lehman Brothers downgrade American Home Mortgage Investment Corp ( AHMH.NAS ) from "overweight" to "equal weight." The target price has been reduced from $45 to $20.
(Apr 9, 2007)
Washington Real Estate Investment Trust Presents at the 2007 Credit Suisse Global Real Estate Conference (Business Wire via Yahoo! Finance)
ROCKVILLE, Md.----Washington Real Estate Investment Trust announces that Edmund B. Cronin, Jr., Chairman and Chief Executive Officer of Washington Real Estate Investment Trust will present at the 2007 Credit Suisse Global Real Estate Conference in New York, New York.
(Apr 9, 2007)
Florida Investment Trust Buys 7 'Six Flags' Parks (CBS 5 Bay Area)
A Florida-based real estate investment trust said Monday it bought seven former Six Flags Inc. properties for $312 million.
(Apr 9, 2007)
Investment Grade Municipal Income Fund Inc.--Dividend Declaration and Portfolio Statistics (Business Wire via Yahoo! Finance)
NEW YORK----Investment Grade Municipal Income Fund Inc. , a closed-end management investment company normally investing substantially all of its assets in a diversified portfolio of tax-exempt municipal obligations, with common and preferred shares outstanding, today announced that the Fund's Board of Directors has declared a dividend from net investment income of $0.0525 per share of common ...
(Apr 9, 2007)
eTables Service Helps You Size Up Your Investment Choices (Investor's Business Daily via Yahoo! News)
With a new rally underway, you should be on the lookout for investment candidates.
(Apr 9, 2007)
MOVES-UBS hires Japan investment banking co-head (Reuters via Yahoo! Asia News)
TOKYO, April 10 (Reuters) - UBS appointed Yasuki Matsui as co-head of its Japanese investment banking business effective Tuesday. The Swiss bank hired Matsui from Morgan Stanley , where he was managing director and vice chairman for Japan investment banking.
(Apr 10, 2007)
NAIC to create index for investment-club stocks (Crain's Detroit Business)
The National Association of Investors Corp. of Madison Heights announced Monday that it and the Nasdaq Stock Market will offer a new index beginning today that tracks portfolios of the more than 13,000 investment clubs in the U.S.
(Apr 10, 2007)
MMK announces investment program plan (RosBusinessConsulting)
RBC, 10.04.2007, Moscow 10:44:31. Magnitogorsk Iron and Steel Works (MMK) plans to use proceeds from its additional share issue in London and Russia to finance the company's 2007-2013 investment program worth $5.2bn, a source close to the banking sphere told RBC today.
(Apr 10, 2007)
Bisys Alternative Investment Services names Jerrild director, business development (Finextra)
Bisys Alternative Investment Services today announced it has named Carsten Jerrild the director of business development for its alternative ...
(Apr 10, 2007)
Indonesia's Q1 foreign investment rises (Reuters via Yahoo! Asia News)
JAKARTA, April 10 (Reuters) - Foreign direct investment in Indonesia rose to $2.99 billion in the first quarter of 2007 from $2.6 billion in the same period last year, the state investment agency, , said on Tuesday.
(Apr 10, 2007)
Investment secures North Sea jobs (ic Lanarkshire)
The future of more than 300 jobs at three North Sea gas processing plants has been secured by a £350 million investment announced on Tuesday. The rejuvenation project will extend the lives of Shell and ExxonMobil onshore installations in Fife and Aberdeenshire to 2021.
(Apr 10, 2007)
Gulf Investment House invests 10 million Bahraini dinars in Al Khaleej Development Company's Durrat Al Marina project (AME Info)
Gulf Investment House CEO Badr Abdullah Al Ali said that GIH undertook 10 million Bahraini dinars of the capital of the Durrat Al Marina project in the Kingdom of Bahrain, which is equal to 15 per cent of the project's total capital.
(Apr 10, 2007)
TGK-8 announces investment program till 2015 (RosBusinessConsulting)
RBC, 10.04.2007, Rostov-on-Don 15:12:02. TGK-8 plans to allocate around RUR90bn (approx. USD3.46bn) for investment projects till 2015, the company's press office reported today. The company will spend RUR40bn (approx.
(Apr 10, 2007)
City investment boss dies on mountain during pilgrimage (Daily Mail)
The millionaire chief of a City of London investment fund has died after getting caught in a snowstorm in the Pyrenees. Chris Phillips, 50, was walking the 480-mile Pilgrims’ Way when freezing weather and fog forced him to spend the night in the mountains
(Apr 10, 2007)
PC Universe Closes $2 Mln Private Equity Investment From Sierra Equity - Quick Facts (Nasdaq)
(RTTNews) - PC Universe (PCUV.PK) on Tuesday revealed the closing of a $2 million private equity investment from Sierra Equity Group, LTD. The company noted that it intends to use proceeds from the transaction to grow sales, implement new systems and enhance working capital financing.
(Apr 10, 2007)
Assam needs more investment as peace has returned: CM (IANS via Yahoo! India News)
New Delhi, April 10 (IANS) Assam Chief Minister Tarun Gogoi Tuesday called for large scale investment in the northeast, particularly his state, saying the fact that people were visiting in large numbers was proof there was peace there.
(Apr 10, 2007)
PC Universe Closes $2 Mln Private Equity Investment From Sierra Equity Group - Update (Nasdaq)
(RTTNews) - Tuesday, PC Universe revealed the closing of a $2 million private equity investment from private equity investment group, Sierra Equity Group, LTD.
(Apr 10, 2007)
Mizoram green pasture for investment: chief minister (IANS via Yahoo! India News)
New Delhi April 10 (IANS) Since peace is the prerequisite for development, Mizoram is a green pasture for investment, according to Mizoram Chief Minister Zoramthanga.
(Apr 10, 2007)
Ras al-Khaimah among UAE’s strongest emerging investment spots (Mena Report)
The northern emirate of Ras al-Khaimah is becoming a top investment hotspot in the UAE according to an in-depth, ground breaking, study by Oxford Business Group (OBG), the UK-based publishing, research and consultancy services company.
(Apr 10, 2007)
Investment in first quarter 2007 up 27.16 pct from previous year (Antara News)
Capital Investment Coordinating Agency (BKPM) Chief Muhammad Lutfi said here on Tuesday investment in Indonesia in the first quarter of this year reached Rp40.59 trillion or up by 27.16 percent compared to the same period last year.
(Apr 10, 2007)
Crime crushes investment opportunities (Independent Online)
According to a recent study, crime in Cape Town seriously hampers investment opportunities in the city as businesses forking out large sums to try combat the problem.
(Apr 10, 2007)
Dubai Cranes commences operations as Dubai Investment subsidiary (Mena Report)
Dubai Cranes & Technical Services Company LLC has recently commenced operations as a subsidiary of Dubai Investment Industries, the industry arm of Dubai Investments PJSC (DI). The company is the latest addition to DI’s expanding portfolio of subsidiaries, currently tallied at 37 companies with a paid up capital of AED 1.973 billion.
(Apr 10, 2007)
Psilos Makes Equity Investment in Click4Care (RedNova)
Click4Care, Inc., a provider of innovative medical management software for payers, providers and patients, today announced the successful completion of a $10,000,000 equity investment by Psilos Group, among the nation's most successful healthcare venture capital firms.
(Apr 10, 2007)
OpenView, ABRT start Russian investment partnership (BizJournals)
Boston's OpenView Venture Partners and ABRT Venture Fund of Moscow, Russia, report establishing a "Partnership for Russia" investment program to identify and invest in software and information technology companies in Russia and East-Central Europe.
(Apr 10, 2007)
PC Universe gets $2M investment (BizJournals)
PC Universe, an online computer reseller, said it has received a $2 million private equity investment from the Sierra Equity Group Ltd. Both firms are based in Boca Raton.
(Apr 10, 2007)
Nissan boosts engine production, investment at Japanese plant (WOOD TV 8 Grand Rapids)
TOKYO -- Nissan is boosting engine production at one of its plants in Japan, earmarking an additional $53.8 million in investment by the end of next year, Japan's third biggest...
(Apr 10, 2007)
Alstom to pursue transport and energy sector investment in Brazil (Sharewatch)
Brazil is one of the group's key countries in terms of investment, he told a press conference for the new president of Alstom Brazil, Aloisio Vasconcelos. Joubert didn't specify exactly what the investments would be, saying instead "we will invest where we need to."
(Apr 10, 2007)
Amerisourcebergen: A Healthy Long Term Investment (SeekingAlpha via Yahoo! Finance)
George Spritzer submits: Amerisourcebergen is a large drug distributor formed five years ago from the merger of Amerisource and Bergen Brunswick. Health care looks to be a good long term investment area over the next decade because of the aging of the baby boomers.
(Apr 10, 2007)
Casual Publisher Outspark Secures Investment (Gamasutra)
Multiplayer online game publisher Outspark has announced that the company has received a Series A investment from Altos Ventures and DCM to further support and develop Outspark's games and distribution platform. Headquartered in San Francisco and with a studio in Seoul, Korea, Outspark's only currently announced game is Fiesta Online, a "full 3D cartoon fantasy MMORPG based on brilliant and ...
(Apr 10, 2007)
Technology Investment Invests in PrePak (AP via Yahoo! Finance)
Technology Investment Capital Corp., which invests in technology firms, said Tuesday it completed an investment in $10 million of senior secured notes issued by PrePak Systems Inc., which packages bulk pharmaceuticals.
(Apr 10, 2007)
Dallas lawyer, investment adviser admits he lied (Dallas Morning News)
A Dallas attorney and investment adviser pleaded guilty to a single count of lying to the Securities and Exchange Commission and faces up to five years in prison along with a fine of up to $250,000.
(Apr 11, 2007)
London to host Pakistan Investment Conference in September (ANI via Yahoo! India News)
London, Apr.11 (ANI): London will play host to an international conference on investment in Pakistan in September to highlight the business opportunities in the country. This was stated on Tuesday by the Lord Mayor of London, John Stuttard, at a debriefing on his recent visits to Pakistan, Kuwait, Qatar and United Arab Emirates held at the Asia House here. The Lord Mayor paid a six-day visit to ...
(Apr 11, 2007)
TPG fund makes first China investment: Yunnan Wine (Reuters via Yahoo! Asia News)
HONG KONG, April 11 (Reuters) - A growth fund managed by the Texas Pacific Group [TPG.UL ] has made its first investment in China, a $14 million stake in Yunnan Red Winery, underscoring growing private equity investment in the world's fourth-largest economy.
(Apr 11, 2007)
Mathon Management investment scheme brings new lawsuit (East Valley Tribune)
The conservator in the Mathon Management investment fraud case is suing the firm's insiders, sales representatives and professional firms accused of assisting in the $82 million scheme.
(Apr 11, 2007)
South Africa: Upbeat Consumers Raise Hopes for Growth And Investment (AllAfrica.com)
WITH consumer confidence at a record high, market commentators are predicting a year of growth and increased foreign investment.
(Apr 11, 2007)
AirAsia Still In Discussions On Amount Of Investment In FAX (Bernama)
KUALA LUMPUR, April 11 (Bernama) -- Low-cost carrier AirAsia Bhd announced Wednesday that discussions regarding the appropriate form, timing and amount of investment by the airline in Fly Asian Xpress Sdn Bhd (FAX) are still ongoing.
(Apr 11, 2007)
USTA, NFLX and LFG Update the Investment Community in All-New Interviews With WallSt.net (Broadcast Newsroom)
LOS ANGELES, April 11 /PRNewswire/ -- On April 10, Jack Lennon, Director and Secretary for U.S. Starcom, Inc. (Pink Sheets: USTA) updated the investment community in an all-new interview with
(Apr 11, 2007)
Sing Holdings places new shares to Dubai Investment Group, sealing a strategic partnership (AME Info)
Singapore-listed Sing Holdings Limited ( ¯ T ŒÒ -L ŒÀ Œö Ži) and Dubai Investment Group (DIG), through its subsidiary Dubai Ventures, have become strategic partners through the placement of 27 million new shares in Sing Holdings to DIG at S$0.43 a share.
(Apr 11, 2007)
SAOL: Receives $500K Commitment From Director Stephan Muller's Investment Fund (Nasdaq)
Sao Luis Mining, Inc. (SAOL) has obtained a US$500,000 commitment from a Swiss investment group headed by Stephan Muller, a recently elected member of its Board of Directors.
(Apr 11, 2007)
Dubai Investment Group takes 10% stake in Sing Holdings (Channel NewsAsia)
SINGAPORE : Dubai Investment Group (DIG) is buying a 10% stake in Sesdaq-listed Sing Holdings. DIG is subscribing to a placement of 27 million new shares in Sing Holdings at 43 cents each.
(Apr 11, 2007)
Haryana clears investment proposals worth Rs.15.25 bn (IANS via Yahoo! India News)
Chandigarh, April 11 (IANS) The Haryana government Wednesday allotted land to 23 major industrial projects with a total investment of over Rs.15.25 billion.
(Apr 11, 2007)
Scrap agri-investment tax breaks, says ATO (The Age)
Investors pumping money into forestry and non-forestry managed investment schemes should not be eligible for tax breaks, according to a Tax Office draft ruling.
(Apr 11, 2007)
Haryana clears investment proposals worth Rs.15.25 bn (Calcutta News)
The Haryana government Wednesday allotted land to 23 major industrial projects with a total investment of over Rs.15.25 billion.
(Apr 11, 2007)
