Investment News 10/2008 (Page 4)
Olin will take $26.6M 3Q charge on bad investment (AP via Yahoo! Finance)
Specialty chemicals maker Olin Corp. said Friday that it will take a $26.6 million impairment charge in the third quarter to reflect an investment in corporate debt securities that collapsed during the recent market plummet.
(Oct 10, 2008)
Insurer XL Capital says investment losses surged (AP via Yahoo! Finance)
Insurance company XL Capital Ltd. said Friday its investment portfolio lost $1 billion to $1.2 billion in value in the third quarter amid write-downs and losses on securities sales.
(Oct 10, 2008)
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $7.47 or 7.4 percent, to $93.88. Merrill Lynch rose $1.09 or 8.2 percent, to $14.41.
(Oct 10, 2008)
Investor Initiatives Join Forces to Call for ESG Considerations in Investment Research (SocialFunds.com)
By Robert Kropp. UN-backed Principles for Responsible Investment and Enhanced Analytics Initiative have more than $15 trillion in assets and a shared commitment to better research.
(Oct 10, 2008)
Leaders: Despite hard times, AMD is wise investment (Legislative Gazette)
State leaders, lawmakers and unions agree that despite the growing economic crisis, a $1.2 billion state investment in a micro-chip factory in Saratoga County will provide a much needed stimulus to New York’s economy.
(Oct 10, 2008)
Sector Snap: Investment banks plunge (AP via Yahoo! Finance)
Shares of investment banks Morgan Stanley and Goldman Sachs dove Friday as concern grew over the stability of both banks' credit ratings and Morgan's deal with Mitsubishi UFJ.
(Oct 10, 2008)
Investment bank Morgan Stanley shares sink on worries about future (The Canadian Press via Yahoo! Canada News)
NEW YORK - Morgan Stanley Inc. shares plunged more than 22 per cent Friday as investors questioned the investment bank's future even with a major investment from Japan's Mitsubishi UFJ Financial Group.
(Oct 10, 2008)
Investment bank Morgan Stanley shares sink on worries about future (Canadian Business)
Joe Bel Bruno, The Associated Press October 10, 2008 - 6:29 p.m. NEW YORK - Morgan Stanley Inc. shares plunged more than 22 per cent Friday as investors questioned the investment bank's future even with a major investment from Japan's Mitsubishi UFJ Financial Group.
(Oct 10, 2008)
Morgan Stanley, Goldman May Gain Investment From U.S. Treasury (Bloomberg)
Oct. 11 (Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc. , the biggest independent U.S. investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson 's plan to buy stakes in financial institutions, investors said.
(Oct 11, 2008)
The Global Investor Window 2008 Investment & Partnering Event (Zawya)
Islamic Financial Institutions Are Seeking Deals While Others Retreat Shariah Compliant investors are unscathed by the global credit crisis because their investment methods are consistent with Islamic law (Shariah), which precludes the financial leveraging that is at the root of the global crisis.
(Oct 11, 2008)
Shariah-compliant investment company Amara launches today with first investment into China (AME Info)
Newhaven Investments House announces today the launch of Amara Holdings Inc ('Amara' or 'the Company'), a Shariah-compliant investment company which focuses on pre-IPO, private equity and private placement opportunities predominantly in China, as well as MENA and India.
(Oct 11, 2008)
Bama receiving hefty return on Saban investment (The Alexandria Town Talk)
TUSCALOOSA, Ala. -- Alabama was looking for a blue-chip investment that could provide healthy returns for years to come, and it was willing to pay a premium to get it.
(Oct 11, 2008)
Simi council to review investment portfolio (Ventura County Star)
The financial meltdown on Wall Street has hardly affected Simi Valley's investments, holding strong at about $140 million, say city officials. The Simi Valley City Council on Monday will review its investment portfolio, made up of local taxes that are invested to help fund the city's operating budget.
(Oct 11, 2008)
Iran welcomes foreign investment in oil, gas sector (Islamic Republic News Agency)
Iran - Oil - FM Foreign Minister Manouchehr Mottaki on Saturday voiced Iran's readiness to cooperate with foreign firms willing to make investment in Iran's oil and gas projects.
(Oct 11, 2008)
Conference discuss measures to promote investment in southern region (Nhân Dân)
A Conference on Investment Promotion in Southern Region was held in Ho Chi Minh City on October 10 by the Ministry of Planning and Investment, Ho Chi Minh City People’s Committee and Saigon-Financial Investment Newspaper.
(Oct 11, 2008)
Awali Real Estate Investment prepares for Kuwaiti Real Estate & Investment Exhibition (AME Info)
Awali Real Estate Investment, is preparing for its participation in the Real Estate & Investment Exhibition, which will take place at the Kuwait International Fair Centre from 13 to 17 October.
(Oct 11, 2008)
Awali Real Estate Investments prepares for Kuwaiti Real Estate & Investment Exhibition (MENAFN)
Awali Real Estate Investments prepares for Kuwaiti Real Estate & Investment Exhibition
(Oct 11, 2008)
New sharia-compliant investment house to target India, China (New Kerala)
Dubai, Oct 11: A new Islamic finance or sharia-compliant investment company targeting the markets of India, China and the Middle East and North Africa (MENA) region has been launched in the United Arab Emirates (UAE).
(Oct 11, 2008)
Tata keeps Punjab offer for NANO plant for future investment (The Economic Times)
Tata Group Chairman Rattan Tata has conveyed that in future the group would increase its investment foot print in Punjab.
(Oct 11, 2008)
Morgan Stanley, Goldman May Gain Investment From U.S. Treasury (Bloomberg)
Oct. 11 (Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc. , the biggest independent U.S. investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson 's plan to buy stakes in financial institutions, investors said.
(Oct 11, 2008)
Morgan Stanley, Goldman May Gain Investment From U.S. Treasury (Bloomberg)
Oct. 11 (Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc. , the biggest independent U.S. investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson 's plan to buy stakes in financial institutions, investors said.
(Oct 11, 2008)
ACE expects investment loss of $1.5B for quarter (Business Insurance)
HAMILTON, Bermuda—ACE Ltd. said it expects to report investment losses of about $1.5 billion when it announces third-quarter results at the end of the month.
(Oct 12, 2008)
XL predicts more than $1B in 3Q investment losses (Business Insurance)
HAMILTON, Bermuda—XL Capital said this morning that it will report investment losses of between $1 billion and $1.2 billion when it announces its third-quarter results later this month.
(Oct 12, 2008)
$4 million for Saban an investment at Alabama (Memphis Commercial Appeal)
Alabama was looking for a blue-chip investment that could provide healthy returns for years to come, and it was willing to pay a premium to get it.
(Oct 12, 2008)
Bahrain- Newhaven launches investment company (MENAFN)
Bahrain- Newhaven launches investment company
(Oct 12, 2008)
Eastern Nile basin countries urged to enhance investment co-op (People's Daily)
Water ministers of Egypt, Sudan and Ethiopia urged Saturday the three Eastern Nile Basin countries to promote cooperation among them for joint ventures investment, the Egyptian state MENA news agency reported. At the end of the 25th session of the Eastern Nile Basin countries' ministerial council, the ministers said it's important to find sources for funding the joint ventures among them which ...
(Oct 12, 2008)
Financial crisis may hit investment flow in agri sector (The Economic Times)
The global credit crunch may hit investment flow and production growth in the agriculture sector, although consumers may get some relief in the form of lower food prices due to a demand slump.
(Oct 12, 2008)
Abu Dhabi Investment Authority Supports Sovereign Funds' Code (Bloomberg)
Oct. 12 (Bloomberg) -- Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, said it supports a code of 24 voluntary principles for sovereign wealth funds presented to a committee of the International Monetary Fund yesterday.
(Oct 12, 2008)
ECONOMY: Area cities dodge investment losses (North County Times)
While the stock market has tanked, the investment portfolios of local cities have held up because of state guidelines that require municipalities to invest conservatively.
(Oct 12, 2008)
Stupid Investment of the Week: Bank deposits earning below-average interest rates (Seattle Times)
MarketWatch columnist Chuck Jaffee's Stupid Investment of the Week is on deposits earning low interest rates.
(Oct 12, 2008)
Iraq invites Czech investment (AME Info)
The Iraqi Transport Minister, Amir Abduljabbar, has invited Czech companies to invest in the development of the country's transport infrastructure. Talks with the Czech ambassador centered around investment in Basra Major Port and al-Furat al-Awsat International Airport.
(Oct 12, 2008)
Ministry calls for investment strategy (Việt Nam News)
HCM CITY — A national, long-term strategy is needed to attract foreign direct investment, officials from the Ministry of Planning and Investment said at a conference yesterday in HCM City.
(Oct 12, 2008)
Where innovation finds investment The finalists (The Bulletin)
Executives from five startup companies will walk on stage at the Tower Theatre on Friday and try to convince an audience of venture capitalists that their company’s business plan is worth at least a $100,000 investment from the Bend Venture Conference.The money can fuel a founder’s dream, even more so in the current economic climate that makes it difficult for any business to find financing and ...
(Oct 12, 2008)
Iran wants investment for safe oil (Calcutta News)
Iran has been seeking foreign investment for development of the country's oil and gas deposits to ensure its energy security from big power monopoly and regional conflicts, claiming it has the safest route for oil transport.
(Oct 12, 2008)
Moody's downgrades Gulf Investment Corporation, Kuwait (AME Info)
Moody's Investors Services has recently downgraded the Baseline Credit Assessment of Gulf Investment Corporation (GIC) from 10 to 11 (on a scale of 1 to 21, where 1 reflects the lowest level of risk).
(Oct 12, 2008)
AT ISSUE: INDEPENDENT ADVISERS: Wall Street chaos may benefit smaller investment firms (Detroit Free Press)
John Krambeer left Merrill Lynch & Co. in 2003 after 16 years to start his own investment advisory firm in El Segundo, Calif. Now he says the turmoil on Wall Street may bring him $200 million from wealthy clients abandoning top-tier brokerages, including his former employer.
(Oct 12, 2008)
Community Development Block Grant and HOME Investment Partnership Program funds applicants are invited to a training ... (The Somerset Reporter)
SOMERVILLE - Potential applicants for 2009 Community Development Block Grant and HOME Investment Partnership Program funds invited to a training session at 10 a.m. on Wednesday, Oct. 15 on the first floor of the Human Services Building at 27 Warren...
(Oct 12, 2008)
Some former investment bank brokers thriving (The News Journal)
John Krambeer left Merrill Lynch & Co. in 2003 after 16 years to start his own investment advisory firm in El Segundo, Calif.
(Oct 12, 2008)
U.S. offers to protect MUFG's investment in Morgan Stanley (International Herald Tribune)
The investment in Morgan Stanley by the largest bank in Japan is considered a crucial step in the U.S. government's strategy for revitalizing the financial system.
(Oct 12, 2008)
U.S. investment bank Morgan Stanley in fight for survival (Daily Mail)
U.S. investment bank Morgan Stanley may have to seek government support while it waits a crucial £5 billion investment from Japan's Mitsubishi UFJ bank.
(Oct 12, 2008)
Mainland records 40% increase in use of overseas investment (China Daily)
China's mainland reported a 39.85 percent surge in the actual use of investment from other areas in the first eight months over the same period last year.
(Oct 13, 2008)
Investment woes widen for insurers (Business Insurance)
NEW YORK—Credit market turmoil spread to more insurers last week as several companies warned of expected large investment losses for the third quarter and some moved to raise capital.
(Oct 13, 2008)
Wells Fargo May Cut Wachovia Investment Bank Unit, Analysts Say (Bloomberg)
Oct. 13 (Bloomberg) -- Wells Fargo & Co. is likely to sell off or pare the investment banking business it's acquiring in the purchase of Wachovia Corp., analysts say.
(Oct 13, 2008)
U.S. vouches for Japanese bank's Morgan investment (Houston Chronicle)
In what could set an important precedent, federal officials assured a big Japanese bank late Sunday that its planned investment in the embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks.
(Oct 13, 2008)
Edward Lotterman: The future holds promise for prudent investment banks (The Idaho Statesman)
The big investment banks are dead. Investment banking has a bright future. This is not contradictory.
(Oct 13, 2008)
Marketing Calculator: Measuring and Managing Your Return on Marketing Investment (PRWeb via Yahoo! News)
"Finally marketing investment has a consequence. An every day practical guideline for marketers and controllers. With this book effective marketing becomes a learnable skill with clear rules. Guy Powell provides an excellent road map for practitioners that need and want to bring much more transparency into their every day decisions in marketing. A must read!" - Vice President, International ...
(Oct 13, 2008)
ECONOMY: Area cities dodge investment losses (North County Times)
While the stock market has tanked, the investment portfolios of local cities have held up because of state guidelines that require municipalities to invest conservatively.
(Oct 13, 2008)
U.S. vouches for Japanese bank's investment in Morgan (Houston Chronicle)
In what could set an important precedent, federal officials assured a big Japanese bank late Sunday that its planned investment in the embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks.
(Oct 13, 2008)
Wells Fargo May Pare Back Wachovia’s Investment Bank (New York Times)
Now that Wells Fargo has fought back Citigroup to win Wachovia , it may take the axe to the investment banking business it’s acquiring, industry observers suggested.
(Oct 13, 2008)
Morgan Stanley investment to be protected (UPI)
NEW YORK, Oct. 13 (UPI) -- U.S. officials are urging a Japanese bank to go ahead with its investment in Morgan Stanley, promising to protect the money, sources told The New York Times.
(Oct 13, 2008)
