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Investment News Aug 2008

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Morguard Real Estate Investment Trust reports Q2 profit of $14.4 million
MISSISSAUGA, Ont. - Morguard Real Estate Investment Trust (TSX: MRT.UN) reported a second-quarter profit of $14.4 million, down from a year ago when the trust earned $32.7 million. (Fri, 01 Aug 2008 00:30:29 GMT)

UBS investment banking unit lawyer in NY probe: report
The general counsel for UBS AG's investment banking unit is at the center of a civil probe by New York's attorney-general into the Swiss bank's sales of auction-rate securities, the Wall Street Journal reported. (Fri, 01 Aug 2008 02:23:45 GMT)

Zimbabwe: Minister Calls for Long-Term Investment in Agriculture
LONG-TERM investment in the agricultural sector is critical in enhancing the country's food security and sovereignty, Deputy Minister of Agriculture, Cde David Chapfika said yesterday. (Fri, 01 Aug 2008 07:08:15 GMT)

Gates investment arm trashes Waste Management bid
Bill Gates's investment arm has waded into a brewing takeover battle between Waste Management Inc and Republic Services Inc , asking Waste Management to walk away. (Fri, 01 Aug 2008 07:28:09 GMT)

India Is Second Best Country For Business Investment, Says U.S. Survey
NEW YORK, Aug 1 (Bernama) -- India is the second best country for business investment, a new survey of American corporate executives shows. (Fri, 01 Aug 2008 07:57:49 GMT)

CIMB Investment Bank launches research newsletter
The report, which is prepared by its award-winning research team, will deliver timely and relevant information in an easy-to-read format to help retail investors make better investment decisions. (Fri, 01 Aug 2008 08:13:16 GMT)

China May Have to Wait for Chip Investment From Taiwan
Taiwanese chip investment rules related to China may change, but companies are in no mood to invest. (Fri, 01 Aug 2008 08:40:11 GMT)

Online stock brokerage launches new investment program
MANILA, Philippines - In a bid to encourage new investors to put their money in the stock market, listed online stock brokerage firm CitisecOnline on Friday launched an investment program which adopts a "peso-cost-averaging" system to minimize risk and maximize earning potential in the bourse over the long-term. (Fri, 01 Aug 2008 08:42:01 GMT)

Apartment Investment and Management 2Q FFO dips
Apartment Investment and Management Co. said Friday its second-quarter funds from operations declined 13 percent on higher-than-expected expenses. (Fri, 01 Aug 2008 12:21:56 GMT)

Apartment Investment and Management raises outlook
Apartment Investment and Management Co. on Friday raised its guidance for full-year funds from operations above Wall Street's estimates. (Fri, 01 Aug 2008 12:23:04 GMT)

Rhinebridge senior creditors to recover 55% of investment-Deloitte
LONDON (MarketWatch) -- Senior creditors of a collapsed $1.1 billion Structured Investment Vehicle, Rhinebridge PLC, should receive approximately 55% of their original investment, plus accrued interest, following an auction of a chunk of Rhinebridge's assets this week. (Fri, 01 Aug 2008 14:51:19 GMT)

Nokia Expands in India and China with New Investment
The Finnish telecom giant is doubling the size of its direct venture investment fund, with the goal of getting behind more startups in India and China (Fri, 01 Aug 2008 16:03:51 GMT)

Jack Nash, 79; investment banker co-founded Odyssey Partners
Jack Nash, an investment banker who helped create the modern-day mutual fund and hedge fund businesses, has died. He was 79. (Fri, 01 Aug 2008 16:21:10 GMT)

Moody's Cuts Office Depot To Non-investment Grade Of 'Ba1'
Moody's Cuts Office Depot To Non-investment Grade Of 'Ba1' (Fri, 01 Aug 2008 16:32:22 GMT)

Hot Summer National Small Cap Conference Next Saturday Morning Presented by SCIA -- Southern California Investment ...
MONARCH BEACH, CA -- (MARKET WIRE) -- 08/01/08 -- Southern California Investment Association, Inc. will explode with brokers, high net worth investors, institutions and funds anticipating many new opportunities early Saturday morning, August 9th from 7:30 a.m. - 1 p.m. at the Orange County Airport Hilton, 18800 MacArthur Boulevard, Irvine, CA 92612, across the street from the John Wayne Airport ... (Fri, 01 Aug 2008 16:47:41 GMT)

Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: GoldmanS fell $2.04 or 1.1 percent, to $182.00. (Fri, 01 Aug 2008 22:18:55 GMT)

Forest Lake Minister Guilty of Defrauding 519 in $30 Million Investment Scheme
A Forest Lake minister was found guilty Friday on a buffet of fraud charges in a $30 million, nationwide investment scheme. Neulan Midkiff, 66, was found guilty of eight counts of mail fraud, eight counts of wire fraud, one count of conspiracy to commit mail fraud and four counts of failure to file tax returns in the scheme, which defrauded 519 people. (Sat, 02 Aug 2008 01:44:01 GMT)

BPU Investment Management opens office in Uniontown
BPU Investment Management Inc., a Pittsburgh-based money manager and financial planner, has opened an office in Uniontown. (Sat, 02 Aug 2008 02:57:38 GMT)

Investment services coming to CNB
David Gustafson/Valley News Today - TEAMING UP... Shenandoah’s City National Bank has partnered with Parker Norris Financial of Red Oak to offer a variety of investment services to area residents. (Sat, 02 Aug 2008 04:37:13 GMT)

Sharia-compliant Tharawat Investment House launched with a capital investment of $33.25m
Tharawat Investment House, the Bahrain-based Sharia-compliant Islamic investment company was launched with a capital investment of $33.25m in the presence of company officials, guests and media representatives. (Sat, 02 Aug 2008 07:02:51 GMT)

MMCDC likes Crookston arena project, but tax credits might not be available, investment analyst says
An investment analyst with the Midwest Minnesota Community Development Corporation (MMCDC) who's familiar with Crookston's arena project and the city's request for tax credits told the Times Tuesday that MMCDC likes the project and finds it "very attractive." But, Julia Nelmark said, the tax credits might not be available to boost the arena budget. (Sat, 02 Aug 2008 16:39:41 GMT)

Government investment of trust fund is not a 'raid'
I would like to reply to the recent letter titled "Move the Social Security Preservation Act forward," about Social Security funds and their investment. (Sun, 03 Aug 2008 05:06:35 GMT)

Hedge funds are snapping up delinquent mortgages / Investment banks happy to get rid of tainted loan assets
Guess who holds your mortgage now? It's your friendly neighborhood hedge fund. Dozens of hedge funds, private-equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans... (Sun, 03 Aug 2008 06:36:41 GMT)

Middle Eastern investment in U.S. declines / Foreign funds' interest cools with economy
Armed with oil profits, two Middle Eastern buyers recently snapped up New York's Chrysler Building and General Motors Building for an estimated $3.7 billion. But their acquisitions of the two trophy office buildings belies their waning interest in U.S.... (Sun, 03 Aug 2008 07:40:23 GMT)

Kuwait Finance & Investment Company debuts on DFM
03 August 2008 DUBAI: Dubai Financial Market (DFM) announced the listing of Kuwait Finance & Investment Company (KFIC), incorporated in Kuwait. Company shares began trading on Thursday under the trading symbol "KFIC," which will appear on DFM screens, trading systems and publications. (Sun, 03 Aug 2008 07:41:59 GMT)

Kuwait's wealth fund eyes triple investment in Japan
TOKYO, Aug 3 (KUNA) -- Kuwait may triple its investment in Japan up to USD 48 billion in light of conclusion of the bilateral double taxation avoidance pact, Kuwaiti Finance Minister Mustafa Al-Shimali said. (Sun, 03 Aug 2008 07:56:29 GMT)

International players in the Asian investment story
South Korea and Taiwan are rarely mentioned in these days of feverish product demand in China and disappointing market reports from Japan, but they are far more than a footnote in the Asian investment story. (Sun, 03 Aug 2008 09:34:48 GMT)

Bahrain- BMB Investment Bank posts $4.2m profit in H1
Bahrain- BMB Investment Bank posts $4.2m profit in H1 (Sun, 03 Aug 2008 10:09:20 GMT)

Large fund houses turn to multi-asset investment styles
Is it better to be a giant investment house, all things to all people, or to specialise, to be the very best at just one thing? (Sun, 03 Aug 2008 10:11:17 GMT)

BMB Investment Bank semi annual income at $4.2m
BMB Investment Bank ('BMB' or the 'Bank') announced today its 2008 semi annual results with a net income of $4.2m as compared to $12.8m in the corresponding prior year period. (Sun, 03 Aug 2008 11:02:41 GMT)

Kuwait Finance & Investment Company debuts on Dubai Financial Market
Dubai Financial Market (DFM) today announced the listing of Kuwait Finance & Investment Company (KFIC), incorporated in Kuwait. (Sun, 03 Aug 2008 12:02:31 GMT)

Chamber pushes master plan for tourism, investment dev't
THE Davao City Chamber of Commerce and Industry Inc. (DCCCII) is pushing for the drafting of a master plan for tourism and investment development of the city as contained in resolutions submitted by the chamber to Mayor Rodrigo R. Duterte. (Sun, 03 Aug 2008 15:44:30 GMT)

Why Condos Are The Perfect Investment In Miami Real Estate
If you are looking for the perfect investment in Miami, Florida; then you might want to consider purchasing a condo unit to be used for business or personal gains. (Sun, 03 Aug 2008 16:24:24 GMT)

UBI sets sights on move into investment banking
Union Bank of India, a mid-sized state-owned lender, has plans to expand into investment banking to tap a growing global market in which increasingly aggressive Indian companies are acquiring foreign rivals. (Mon, 04 Aug 2008 02:21:26 GMT)

Kuwait To Triple Japan Investment To $48 Billion
Kuwait To Triple Japan Investment To $48 Billion (Mon, 04 Aug 2008 03:16:52 GMT)

Kuwait to triple Japanese investment to $48 billion
HONG KONG (MarketWatch) -- The Kuwait Investment Authority plans to triple its investments in Japan to $48 billion, according to a Nikkei business daily report Monday that cited Mustafa al-Shimali, Kuwait's finance minister. (Mon, 04 Aug 2008 03:33:06 GMT)

MGIC Investment drops expansion into Canada, Australia
MGIC Investment Corp.’s problems in the American mortgage industry have nixed the company’s international strategy. (Mon, 04 Aug 2008 04:34:07 GMT)

Real estate investment tumbles; sales happening, but at slower pace
Aggressive belt-tightening efforts by lenders and a dismal economy put the squeeze on the commercial investment property market in the Sacramento region during the past year. (Mon, 04 Aug 2008 04:44:48 GMT)

Investment property market deals dry up
After several banner years of investors snatching up commercial properties, the investment sales market has slowed considerably this year. (Mon, 04 Aug 2008 05:44:54 GMT)

DIFC clarifies its position regarding 'Rashed Investment Bank'
DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai. (Mon, 04 Aug 2008 06:32:31 GMT)

Thailand's PTT plans $954m investment
Thailand's PTT plans $954m investment (Mon, 04 Aug 2008 07:12:16 GMT)

Al Rajhi Investment Group acquires majority in 'Core Construction Company'
Al Rajhi Investment Group (ARIG), a leading diversified business group located in KSA with business interests throughout the region, has announced today acquiring a majority in 'Core Construction Company' of UAE. (Mon, 04 Aug 2008 07:17:31 GMT)

DIFC Clarifies Its Position Regarding 'Rashed Investment Bank'
Dubai - Monday 04 August 2008: DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai. (Mon, 04 Aug 2008 07:56:30 GMT)

Kuwait eyes Cambodian farmland for investment
Kuwait is eyeing Cambodian farmland for investment in agriculture to produce food supply for the oil-rich Gulf state, a minister said Monday. (Mon, 04 Aug 2008 11:55:02 GMT)

Investment tool helps you stay the course with your goals
In volatile markets, it’s easy to lose your cool and stray from your investment goals. One tool that can help you stay the course is a dividend reinvestment plan, or DRIP. They give shareholders the option of reinvesting dividends in company stock rather than taking cash payouts. (Mon, 04 Aug 2008 13:39:05 GMT)

Boston Private to Increase Investment in Bingham, Osborn & Scarborough, LLC
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) today announced it has increased its investment in Bingham, Osborn & Scarborough, LLC (BOS) of San Francisco and Silicon Valley, California to 70%. Boston Private initially acquired a 20% interest in BOS in February 2004 and through additional investments over the past 3 years increased its ownership as of December 31, 2007 to approximately ... (Mon, 04 Aug 2008 14:50:37 GMT)

Rio Tinto Announces US$652 Million Investment in Continued Pre-Feasibility Studies on Deep Porphyry Copper Deposit in ...
Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona. (Mon, 04 Aug 2008 15:20:27 GMT)

Iran to Tender Oil, Gas Projects for Investment
The National Iranian Oil Company, or NIOC, will present 15 industry project packages to the global financial markets for investment, by holding national and international tenders, an oil ministry official told the Shana news agency Monday. (Mon, 04 Aug 2008 16:17:01 GMT)

HSBC declares investment bank arm resilient
Profit at HSBC's investment bank arm fell more than a third in the first half but it said its ability to absorb big writedowns and grow strongly in Asia vindicated the unit's streamlined focus on emerging markets. (Mon, 04 Aug 2008 17:11:00 GMT)

Sector Snap: Investment Banks slip
Shares of most investment banks fell Monday afternoon along with the broader market as new reports on consumer spending and inflation indicated continued weakening of the economy. (Mon, 04 Aug 2008 17:29:56 GMT)

Boston Private boosts investment in wealth manager
Wealth management firm Boston Private Financial Holdings Inc. said Monday it has raised its investment in Bingham, Osborn, & Scarborough LLC, another asset manager. (Mon, 04 Aug 2008 17:48:15 GMT)

Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: GoldmanS fell $4.14 or 2.3 percent, to $177.86. (Mon, 04 Aug 2008 21:49:29 GMT)

Merrill’s Co-Head of Investment Banking to Leave
Merrill Lynch said that Dow Kim, executive vice president and co-president of its global markets and investment banking group, will leave this year to start his own investment firm. Merrill said it expects to be a client of Mr. Kim’s new firm. (Mon, 04 Aug 2008 23:30:30 GMT)

HSBC to Increase Asia-Pacific Investment, Chairman Cheng Says
Aug. 5 (Bloomberg) -- HSBC Holdings Plc , Europe's biggest bank by market value, will increase investment in Asia-Pacific as the company derives an increasing share of its revenue from the region, said Vincent Cheng , chairman of its Asian unit. (Tue, 05 Aug 2008 03:01:36 GMT)

HSBC eyes China investment banking joint venture
HONG KONG, Aug 5 (Reuters) - Global bank HSBC Holdings <0005.HK> hopes to strike an investment banking partnership in China that would allow it to underwrite domestic share offerings, the bank's Asia chairman said on Tuesday. (Tue, 05 Aug 2008 04:27:04 GMT)

HSBC to Increase Asia Investment, Chairman Cheng Says (Update1)
Aug. 5 (Bloomberg) -- HSBC Holdings Plc , Europe's biggest bank by market value, will increase investment in Asia-Pacific as it derives an increasing share of revenue from the region, said Vincent Cheng , chairman of the Asian unit. (Tue, 05 Aug 2008 04:47:26 GMT)

HSBC eyes China investment banking JV
Global bank HSBC Holdings hopes to strike an investment banking partnership in China as part of its expansion in the region, the bank's Asia chairman said on Tuesday. (Tue, 05 Aug 2008 05:56:00 GMT)

Legal & General Profit Drops In Difficult Investment Markets
Legal & General Profit Drops In Difficult Investment Markets (Tue, 05 Aug 2008 07:29:16 GMT)

PhillyDeals: Turner Investment says buy American
Robert E. Turner, cofounder of $26-billion-asset Turner Investment Partners Inc., of Berwyn, is urging clients to buy U.S. stocks. "We don't do this very often," Turner said from his office. "It's easy to be pessimistic right now," with unemployment up, growth down, a yawning federal deficit, high oil, a weak dollar, and Fed inflation hawks itching to boost interest rates. (Tue, 05 Aug 2008 08:27:56 GMT)

SocGen profit drops 63% as investment banking unit swings to loss
French bank Societe Generale on Tuesday reports a 63% drop in second-quarter net profit as write-downs push its investment banking arm into the red, though the result is still ahead of the consensus forecast. (Tue, 05 Aug 2008 08:43:13 GMT)

Ansbacher Investment Management to Launch Pure Equity Index Variance Swap Strategy in Q3
Ansbacher Investment Management, Inc. plans to launch an equity index variance swap strategy in the third quarter of this year to take advantage of the persistent overpricing of broad based equity index volatility. According to Max Ansbacher, President of the firm, "Variance swaps are a pure play in a space where we already have years of experience. They offer a way to capture the excess ... (Tue, 05 Aug 2008 08:49:48 GMT)

Lehman may sell entire investment management unit: report
CNBC reports Lehman Brothers Holdings Inc is considering selling its entire investment management business, including private equity and hedge fund stakes, rather than just its Neuberger Berman business, as the bank looks to raise capital. (Tue, 05 Aug 2008 12:47:41 GMT)

Ahead of the Bell: Fortress Investment Group
A Citi Investment Research analyst downgraded Fortress Investment Group LLC to "Sell" rating from "Hold," pointing to poor efficiency rates in some of the asset manager's funds. (Tue, 05 Aug 2008 13:24:39 GMT)

Cooper Tire liquidates investment in Kumho Tire
Cooper Tire & Rubber Co. on Tuesday said it liquidated its investment in South Korea's Kumho Tire Co. The deal includes a payment of $107 million plus interest from the initial due date of May 31, Cooper said. (Tue, 05 Aug 2008 14:51:26 GMT)

Allied Capital rises on growing investment income
Shares of Allied Capital Corp., a firm that invests in long-term debt and equity capital of middle market businesses, rose Tuesday after the company reported better-than-expected net investment income for the second quarter. (Tue, 05 Aug 2008 15:05:08 GMT)

Cooper Tire Liquidates Investment in Kumho Tire
FINDLAY, Ohio, Aug. 5, 2008 -- Cooper Tire & Rubber Company announced today it has liquidated its investment in Kumho Tire Company. The transaction includes payment of $107 million plus interest from the initial due date of May 31, 2008. (Tue, 05 Aug 2008 15:11:45 GMT)

Why the Investment Banking Model is Dead
The investment banking model that contributed to the subprime crisis is dead and investors will now refuse to buy products where the risk is not transparent, strategists told CNBC Europe Tuesday. (Tue, 05 Aug 2008 15:20:12 GMT)

Sector Snap: Investment Banks
Shares of investment banks mostly rose Tuesday morning as the broader market increased sharply and amid speculation Lehman Brothers Holdings Inc. might sell its entire investment management division. (Tue, 05 Aug 2008 15:30:49 GMT)

Lehman Weighs Sale of Investment Management Unit
Officials at Lehman Brothers have held conversations about the possible sale of the firm's entire investment-management division, according to a people with knowledge of the matter. (Tue, 05 Aug 2008 16:00:13 GMT)

BMB Investment Bank's semi annual income at US$4.2 million
BMB Investment Bank (“BMB” or the “Bank”) has announced its 2008 semi annual results with a net income of US $4.2 million as compared to US $12.8 million in the corresponding prior year period. Second (Wed, 06 Aug 2008 01:56:27 GMT)

06-08-2008: MIDF’s investment bank may rope in partner later
KUALA LUMPUR: Malaysian Industrial Finance Bhd (MIDF) has been approached by several parties interested in taking a stake in its investment banking arm MIDF Amanah Investment Bank Bhd, MIDF group managing director Mohd Najib Abdullah said. (Wed, 06 Aug 2008 04:50:12 GMT)

Borusan says ArcelorMittal raises jv investment
ISTANBUL, Aug 6 (Reuters) - The world's largest steel maker ArcelorMittal is increasing to $850 million its investment in a 50/50 joint venture with Borusan to build a new hot strip mill in Turkey, the CEO of Borusan Group said late on Tuesday. (Wed, 06 Aug 2008 06:46:10 GMT)

Laos-Japan Strengthen Economic Relationship Through Investment
VIENTIANE, Aug 6 (Bernama) -- The Laos- Japan Investment Agreement has been enacted to strengthen the economic relationship between two countries by promoting investment, according to the Laos News Agency (KPL). (Wed, 06 Aug 2008 07:55:01 GMT)

Russia estimates investment in non-ferrous metals industry
RBC, 06.08.2008, Moscow 14:27:28. Total investment in non-ferrous metals industry in Russia until 2020 is estimated at RUB 780bn - RUB 910bn (approx. USD 33.28bn - USD 38.82bn), pr RUB 55bn - RUB 65bn (approx. USD 2.65bn - RUB 2.77bn) per year. (Wed, 06 Aug 2008 11:29:00 GMT)

Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: GoldmanS fell $2.05 or 1.1 percent, to $178.72. LehmanBr fell $.70 or 3.5 percent, to $19.54. (Wed, 06 Aug 2008 14:33:56 GMT)

New Investment At Coca-Cola Weston Plant
An investment of $7 million in new equipment at the Coca-Cola production plant in Weston, Ontario is good news for CAW members. (Wed, 06 Aug 2008 14:45:40 GMT)

Project delays set back mine investment target for '08
MANILA, Philippines--The Philippine mining sector may not be able to hit its investment target for the year of $892 million due to delays and setbacks in some priority mining projects, according to a government official. (Wed, 06 Aug 2008 14:55:56 GMT)

Miami discontinues adding investments to mortgage giants, plans to continue to keep a quarter of investment portfolio ...
By Yudislaidy Fernandez Recent losses of mortgage giants Fannie Mae and Freddie Mac have led the City of Miami to stop adding investments in the two mortgage-market dominators, though it plans to continue to keep a quarter of its investment portfolio in them. (Wed, 06 Aug 2008 15:09:39 GMT)

Retailers to increase multi-channel IT investment
Angelica Mari, Computing , Wednesday 6 August 2008 at 16:06:00 And off-the-shelf systems are given preference as IT budgets tighten, says research As high street sales continue to under-perform, retailers will increase investment in multi-channel selling and IT decision-makers expect the trend to continue during 2008, according to research.... (Wed, 06 Aug 2008 15:26:42 GMT)

Retailers to increase multi-channel IT investment
As high street sales continue to under-perform, retailers will increase investment in multi-channel selling and IT decision-makers expect the trend to continue during 2008, according to research. (Wed, 06 Aug 2008 15:30:03 GMT)

BullMarket.com Offers Investment Opinion on Eastern European Stocks
BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a report on Eastern European stocks, including Central European Distribution (Nasdaq: CEDC), Coca-Cola Hellenic Bottling (NYSE: CCH), Vimpel Communications (NYSE: VIP), and Central European Media Enterprises ... (Wed, 06 Aug 2008 17:44:56 GMT)

France Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020
Research and Markets (http://www.researchandmarkets.com/research/60810c/france_oil_and_gas) has announced the addition of the "France Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020" report to their offering. (Wed, 06 Aug 2008 17:54:58 GMT)

Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $1.22 or .7 percent, to $179.55. (Wed, 06 Aug 2008 21:43:45 GMT)

Taylor Wessing Fears Over Outside Investment Triggered Disputed Paris Merger
Fears that Taylor Wessing's U.K. arm was planning to tap outside investment under the U.K. Legal Services Act (LSA) prompted the firm's French arm to enter breakaway merger talks with U.S. firm Nixon Peabody, Taylor's managing partner, Michael Frawley, said Wednesday. As reported by The Am Law Daily, Taylor's Paris arm launched a claim in the U.S. courts alleging that Nixon Peabody had breached ... (Thu, 07 Aug 2008 02:21:53 GMT)

Write-downs still weaken global investment banks' earnings
As the downturn in the credit cycle enters its second year, challenging business conditions and substantial write-downs continue to weigh on global investment banks' and brokers' financial performance (Thu, 07 Aug 2008 02:39:48 GMT)

KBC Profit Falls on Corporate, Investment Banking (Update1)
Aug. 7 (Bloomberg) -- KBC Group NV , Belgium's second-biggest financial-services company by assets, said second-quarter profit declined 47 percent as earnings at its corporate and investment- banking business dropped. (Thu, 07 Aug 2008 05:47:45 GMT)

Jones's Tudor Investment to Spin Off Pallotta's Stock Fund
Aug. 7 (Bloomberg) -- Hedge fund manager Paul Tudor Jones's U.S. equities head Jim Pallotta will form his own investment firm in 2009 after 15 years at Jones's fund, according to a letter sent to investors. (Thu, 07 Aug 2008 06:18:00 GMT)

DEWB continues to expand investment business in first half of 2008
- Investment activity expanded - Further successful development of portfolio companies - Repayment of bank liabilities concluded ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this ... (Thu, 07 Aug 2008 06:57:24 GMT)

Officials rethinking SHS fund's investment
BARRE -- School officials at Spaulding High School are rethinking an ultraconservative investment strategy that some believe may have stunted the growth of a scholarship fund, which was created with a $3 million bequest from a beloved local physician, during a recent period of economic prosperity. ... - By David Delcore Times Argus Staff (Thu, 07 Aug 2008 07:12:08 GMT)

ArcelorMittal Plans $1.6 Billion Brazil Investment
ArcelorMittal Plans $1.6 Billion Brazil Investment (Thu, 07 Aug 2008 07:15:16 GMT)

DEWB continues to expand investment business in first half of 2008
DJ DEWB continues to expand investment business in first half of 2008 =- ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the ... (Thu, 07 Aug 2008 07:56:59 GMT)

Northwest calls for investment
Six provinces will advertise why they’re likely to be the next hot spot. HA NOI — The largest-ever investment promotion effort in the Northwest region later this month is expected to draw 500 delegates from foreign embassies, foreign and domestic companies and international aid organisations. (Thu, 07 Aug 2008 08:23:53 GMT)

SUBTANTIAL INVESTMENT IN SUBANG MRO ACTIVITY
PETALING JAYA, Aug 7 (Bernama) â€ ExecuJet Aviation Group and Hawker Pacific are expected to make substantial investment in their individual maintenance, repair and overhaul (MRO) facility in Subang SkyPark Terminal at the Sultan Abdul Aziz Shah Airport. (Thu, 07 Aug 2008 10:07:12 GMT)

Nationwide 2Q profit drops on investment losses, sales sink
Investment losses and one-time charges sent Nationwide Financial Services Inc.’s second-quarter profit down by more than half, the company said. (NFS) (Thu, 07 Aug 2008 14:37:57 GMT)

Earnings roundup: Fortress Investment, PMI
Asset manager Fortress Investment Group LLC said Thursday its second-quarter loss increased less than 1 percent as both revenue and expenses decline. (Thu, 07 Aug 2008 15:41:09 GMT)

Power Grid OKs 94-bln-rupee investment in projects
MUMBAI (Reuters) - State-run transmission utility Power Grid Corp Ltd said on Thursday its board has approved investment proposals worth 94.36 billion rupees. (Thu, 07 Aug 2008 15:42:39 GMT)

Bullmarket.com Offers Investment Opinion on Niche Medical Testing Companies
BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has provided subscribers with a report on niche medical testing companies, including Genoptix (Nasdaq: GXDX), Bio-Reference Laboratories (Nasadaq: BRLI), and Nanosphere (Nasdaq: NSPH), among others. (Thu, 07 Aug 2008 15:50:10 GMT)

Sector Snap: Investment Banks
Shares of investment banks fell Thursday morning as the broader market declined and amid continuing concern about weakness in the credit markets. (Thu, 07 Aug 2008 15:59:25 GMT)

Northwest calls for investment
VietNamNet Bridge - The largest-ever investment promotion effort in the northwest region later this month is expected to draw 500 delegates from foreign embassies, foreign and domestic companies and international aid organisations. (Thu, 07 Aug 2008 17:22:18 GMT)

Google believes $1B investment in AOL is crumbling
In an assessment that could lead to a substantial charge against its future profits, Google Inc. believes its $1 billion investment in advertising partner AOL is souring. The Mountain View-based company disclosed in a quarterly report filed late Thursday with... (Fri, 08 Aug 2008 01:21:13 GMT)

Google says its AOL investment may be losing value
Google said Thursday that it believed its $1 billion investment in advertising partner AOL is souring, an assessment that could lead to a substantial charge against its future profits. (Fri, 08 Aug 2008 03:22:12 GMT)

Google sours on $1 billion AOL investment
Search giant warns in a regulatory filing that its "investment in AOL may be impaired," which may lead to a $500 million loss. (Fri, 08 Aug 2008 04:31:08 GMT)

Google sours on $1 billion AOL investment
Search giant warns in a regulatory filing that its "investment in AOL may be impaired," which may lead to a $500 million loss on the investment. (Fri, 08 Aug 2008 04:37:37 GMT)

DreamWorks Near $550 Million Reliance Investment Deal (Update1)
Aug. 7 (Bloomberg) -- Steven Spielberg 's DreamWorks SKG is nearing an agreement for a $550 million investment from Indian billionaire Anil Ambani , allowing the film studio to split from Viacom Inc. (Fri, 08 Aug 2008 05:33:08 GMT)

Northwest Airlines writes off Midwest investment
Northwest Airlines Corp. has written off its entire $213 million investment in the partnership that owns financially stressed Midwest Airlines, a sign that Northwest expects the investment to be a total loss. (Fri, 08 Aug 2008 05:55:27 GMT)

BANK ISLAM TARGETS INITIAL FUND SIZE OF RM300 MLN FOR STRUCTURED INVESTMENT PRODUCT
KUALA LUMPUR, Aug 8 (Bernama) -- Bank Islam Malaysia Bhd targets an initial fund size of RM300 million for its first structured investment product, the An-Najah NID-i. (Fri, 08 Aug 2008 06:47:08 GMT)

Weaker investment returns hurt Catlin
Weaker investment returns caused pre-tax profit to drop 21% during the first half at insurer Catlin to a less than expected $150m. (Fri, 08 Aug 2008 06:55:00 GMT)

Thai utility Ratchaburi to cut 5-yr investment plan
BANGKOK, Aug 8 (Reuters) - Thailand's Ratchaburi Electricity Generating Holding PCL said on Friday it planned to cut its 5-year investment budget of 30 billion baht ($892 million) due to delays in power plant projects in Laos. (Fri, 08 Aug 2008 07:07:20 GMT)

Government approves new investment policy for urea
(RTTNews) - The Union Cabinet on Friday approved a new investment policy for the urea sector, Cabinet minister Kapil Sibal said. Details of the policy are awaited. Meanwhile, the Cabinet deferred a proposal on sugar de-control. (Fri, 08 Aug 2008 08:41:32 GMT)

InnVest Real Estate Investment Trust turns to profit in Q2- Quick Facts
(RTTNews) - InnVest Real Estate Investment Trust (INN_U.TO) said that its second quarter net income and comprehensive income was C$15.49 million or C$0.210 per unit, compared to a loss of C$113.29 million or C$2.023 per unit in the year ago quarter. (Fri, 08 Aug 2008 14:12:06 GMT)

RBS's investment bank takes hit
A near 6 billion pound hit on credit assets in its investment bank dragged Royal Bank of Scotland to a first-ever loss, but the unit's underlying business fared better than many rivals. (Fri, 08 Aug 2008 15:17:00 GMT)

Northwest writes off $213M Midwest investment
Northwest Airlines Corp. wrote off its $213 million investment in the partnership that owns Midwest Airlines. (NWA) (Fri, 08 Aug 2008 16:02:36 GMT)

Sector Snap: Investment banks rise
Shares of major U.S. investment banks climbed Friday amid a sharp rise in the broader market, despite evidence of continued trouble in the mortgage and credit markets. (Fri, 08 Aug 2008 16:08:39 GMT)

Google's Investment in AOL May Hurt Profits
Internet giant warns $1 billion investment in AOL may be eroding. (Fri, 08 Aug 2008 16:13:09 GMT)

Investors Led by The Frost Group Agree to Make $15 Million Investment in OPKO Health
OPKO Health, Inc. (AMEX:OPK) today announced that a group of investors led by members of The Frost Group, a private investment group controlled by Dr. Phillip Frost, M.D., Chairman and CEO of OPKO, have agreed to make a $15 million investment in the Company. Under the terms of the investment, OPKO will issue 13,513,514 shares of the Company's common stock, at $1.11 per share, representing a 40% ... (Fri, 08 Aug 2008 16:20:08 GMT)

Sector roundup: Airlines, investment banks
Airline stocks soared Friday, as the broader market rallied and oil prices dropped sharply. NEW YORK -- Shares of major U.S. investment banks climbed Friday amid a sharp rise in the broader market, despite evidence of continued trouble in the mortgage and credit markets. (Fri, 08 Aug 2008 19:07:17 GMT)

Anadigics delays China fab investment
SAN JOSE, Calif. -- Amid a lower forecast for the quarter, RF device maker Anadigics Inc. reported that it will delay the previously announced acceleration of the investment in a wafer fab in Kunshan, China. (Fri, 08 Aug 2008 20:37:12 GMT)

Socso payments 'not savings, investment'
KUALA LUMPUR: It was never intended for the monthly contributions to the Social Security Organisation (Socso) to be individual savings or investment. (Sat, 09 Aug 2008 00:06:57 GMT)

Northwest writes off Midwest investment
Northwest Airlines has written off its entire $213 million investment in the partnership that owns financially stressed Midwest Airlines, a sign that Northwest expects the investment to be a total loss. (Sat, 09 Aug 2008 00:43:30 GMT)

Google: AOL investment may be impaired
SAN FRANCISCO, USA: Google Inc's 5 per cent stake in Time Warner Inc's AOL unit may be worth less than the $1 billion the Web company paid for it in 2006, Google warned in a regulatory filing on Thursday. "We believe our investment in AOL may be impaired," Google said in its latest quarterly... (Sat, 09 Aug 2008 05:42:20 GMT)

Bilateral Investment Promotion and Protection Agreement between India, Syria
New Delhi, Aug 8 : The Union Cabinet today gave its ex post facto approval for the signing of a Bilateral Investment Promotion and Protection Agreement (BIPA) between India and Syria. (Sat, 09 Aug 2008 07:14:36 GMT)

Double taxation pact paves way for more US investment
Tonio Fenech signs the double taxation agreement with the US in the presence of Prime Minister Gonzi. The government entered into the long-awaited double taxation agreement with the US yesterday, in a move that is expected to pave the way for more investment from the other side of the Atlantic. (Sat, 09 Aug 2008 08:01:34 GMT)

Google: $1B investment in AOL is crumbling
SAN FRANCISCO - In an assessment that could lead to a substantial charge against its future profits, Google Inc. believes its $1 billion investment in advertising partner AOL is souring. (Sat, 09 Aug 2008 09:40:28 GMT)

Investment lessons from a big boy on the block
If you want to double check investment advice you are receiving (as an individual or as a trustee of a retirement fund), it's worth looking at how big financial services companies go about doing the job. And if you need a lower-risk, long-term investment that will provide sound returns then there is no better comparison than a product that comes with a guarantee. (Sat, 09 Aug 2008 10:29:43 GMT)

Abu Dhabi Investment Authority aims for Daimler shares
Germany - Abu Dhabi - Daimler The world's largest sovereign wealth fund with an estimated 500 million euros, the Abu Dhabi Investment Authority (ADIA), is interested in purchasing a large share of German automaker Daimler, the Munich-based Focus news magazine said Saturday. (Sat, 09 Aug 2008 13:59:17 GMT)

Google's AOL Investment Loses Luster
Google has admitted its $1 billion investment in AOL may not be worth what it was in 2006. (Sat, 09 Aug 2008 18:34:29 GMT)

$500m foreign investment in Iran’s agro sector
TEHRAN, Aug. 9 (MNA) – Iran’s deputy agricultural jihad minister for economic and planning affairs on Saturday announced that the country plans to attract some $500 million foreign investment in the agriculture sector in the current Iranian calendar year (ending March 20). (Sun, 10 Aug 2008 00:51:48 GMT)

ReCellular Announces $15 Million Capital Investment and Plans For Expanded Cell Phone Recycling Operations
Global cell phone recycling company ReCellular prepares to expand operations and accelerate growth with capital investment from Investor Growth Capital (IGC). (Sun, 10 Aug 2008 07:01:00 GMT)

Lam Dong wants more IZ investment
LAM DONG — The Central Highlands province of Lam Dong is looking to boost investment in industrial zones, according to Lam Dong Industrial Zones Management Board chairman Le Dinh Phuoc. (Sun, 10 Aug 2008 07:54:01 GMT)

Quinlan Private Announces Strategic Investment in Jurys Inns
DUBLIN, Ireland & LONDON--(BUSINESS WIRE)--Quinlan Private ("QP"), the international private equity real estate group, is pleased to confirm that the Oman Investment Fund ("OIF"), an investment arm of the Sultanate of Oman, has acquired a 50% partnership interest in Jurys Inns ("Jurys" or "the Group"). (Sun, 10 Aug 2008 08:32:17 GMT)

An investment idea is blowing in the wind
Oil tycoon T. Boone Pickens has been aggressively touting wind power as an alternative energy source, indicating that the wind energy industry may have reached a tipping point in interest and investment. Enter the PowerShares Global Wind Energy Portfolio (Nasdaq: PWND), a new exchange-traded fund offering investors access to a concentrated portfolio of wind energy stocks. (Sun, 10 Aug 2008 08:56:17 GMT)

Lam Dong wants more IZ investment
VietNamNet Bridge - The Central Highlands province of Lam Dong is looking to boost investment in industrial zones, according to Lam Dong Industrial Zones Management Board chairman Le Dinh Phuoc. (Sun, 10 Aug 2008 09:22:38 GMT)

Google believes US$1-billion investment in AOL is crumbling
SAN FRANCISCO - In an assessment that could lead to a substantial charge against its future profits, Google Inc. believes its US$1-billion investment in advertising partner AOL is souring. (Sun, 10 Aug 2008 14:00:35 GMT)

Thames Water Plans Record Investment From 2010; Bills to Rise
Aug. 11 (Bloomberg) -- Thames Water Utilities, supplier to 8 million people in London and the Thames Valley, plans to carry out the biggest investment program by a U.K. water company in the five years from 2010, increasing customer bills. (Sun, 10 Aug 2008 23:43:18 GMT)

Google says investment in AOL 'crumbling'
In an assessment that could lead to a substantial charge against its future profits, Google believes its US$1 billion investment in advertising partner AOL is souring. (Mon, 11 Aug 2008 02:58:28 GMT)

SpiceJet agrees for $100 mln investment in firm
NEW DELHI (Reuters) - Budget carrier SpiceJet Ltd said it agreed with certain shareholders, Goldman Sachs and Wilbur Ross and Co, for an investment of $100 million in the firm for business purposes. (Mon, 11 Aug 2008 06:10:20 GMT)

CHS suffers investment loss but focuses on the long term
Carolinas HealthCare System’s $1.5 billion investment portfolio has been hit with significant losses this year because of the volatile financial markets. The difficult securities market led to a $110 million drop in the value of its investments, a big reversal from the $14.5 million gain in the first quarter of 2007. (Mon, 11 Aug 2008 06:42:46 GMT)

Silicon Valley takes lead in venture capital investment
Silicon Valley and the broader Bay Area, flexing its leadership status in technology during an economic downturn, accounted for a remarkable 40 percent of venture capital investment in the second quarter this year, it was reported on Sunday. In all, San Francisco Bay Area companies received nearly 2.96 billion U.S. dollars in venture funds during the quarter, out of 7.38 billion dollars ... (Mon, 11 Aug 2008 07:03:54 GMT)