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Companies have to work for debt as investment banks toughen up
With the credit crunch straining the balance sheets of corporate Europe, some of the largest names in investment banking are turning to their debt businesses to take on advisory-only rivals in the long-standing war for corporate mandates. (Mon, 01 Dec 2008 00:08:13 GMT)
Investment in olive sought
SAKAKA: Al-Jouf Gov. Prince Fahd bin Badr opened the second Olive Festival in Sakaka city on Saturday. The event was marked by the launch of an olive investment company. (Mon, 01 Dec 2008 00:11:26 GMT)
(AFX UK Focus) 2008-12-01 01:07 China shares outlook - Higher on Wall St, Social Security Fund investment hopes
SHANGHAI (XFN-ASIA) - China shares are expected to open higher after a firmer close on Wall Street on Friday, with sentiment also likely to be supported by hopes of further investment by the social security fund, dealers said. (Mon, 01 Dec 2008 01:16:00 GMT)
Keiretsu Forum outpaces S&P 500, Nasdaq in investment returns
A comparative analysis of angel investment returns versus those of broader stock indices done by a Keiretsu Forum member shows that the group outpaced the S&P 500 and Nasdaq Composite in six of seven years studied. (Mon, 01 Dec 2008 05:53:32 GMT)
Morgan Keegan finds growth opportunities in Northeast from investment firms’ fallout
The landscape in the world of public finance has taken dramatic turns in the last few months with the demise or departure of several noteworthy investment firms. For Morgan Keegan & Co., Inc., that smells like opportunity. (Mon, 01 Dec 2008 05:54:02 GMT)
California investment group puts Downtown Pittsburgh Verizon building up for sale
A prominent California investment company, which entered the market four years ago with the more than $50 million purchase of Gateway Center, is putting its only other Pittsburgh property on the market. (Mon, 01 Dec 2008 07:02:30 GMT)
Local investment key to parry crisis
Tom Alweendo says that it is necessary to create a sound environment for local investment to address the effects of the crisis. (Mon, 01 Dec 2008 07:15:12 GMT)
X5 Posts Loss, Cuts Forecast, Investment Plans as Economy Slows
Dec. 1 (Bloomberg) -- X5 Retail Group NV , Russia’s largest supermarket chain, posted a loss in the third quarter and slashed its sales forecast and investment plans for next year as economic growth slows. (Mon, 01 Dec 2008 09:14:16 GMT)
X5 Posts Loss, Cuts Investment Plan as Economy Slows (Update1)
Dec. 1 (Bloomberg) -- X5 Retail Group NV , Russia’s largest supermarket chain, posted a loss in the third quarter and slashed its investment budget for next year as economic growth slows. (Mon, 01 Dec 2008 10:29:11 GMT)
NKorea’s Foreign Trade Minister briefs SM Goh on investment opportunities
SINGAPORE: Singapore would be glad to explore ways to strengthen bilateral co—operation with North Korea in areas such as trade and investment once international concerns were assuaged and the environment improved. (Mon, 01 Dec 2008 11:08:17 GMT)
Indonesia 10-mth foreign investment jumps from yr ago
(Adds quotes from head of investment agency, economist) (Mon, 01 Dec 2008 11:41:10 GMT)
Polish investment fund AKJ Investment sells 46 apartments in deal worthseveral dozen PLN mln
WARSAW. DECEMBER 1. INTERFAX CENTRAL EUROPE - Polish investment fund AKJ Investment, which is managed by AKJ Investment TFI, sold 46 apartments in a residential project located in southern Polish city Katowice, in a deal worth a few dozen million zlotys, to an investment fund run by Skarbiec TFI, the company wrote in a press release late Friday. (Mon, 01 Dec 2008 11:43:43 GMT)
Brazil's Infrastructure Investment Averages $36 Billion - Estado
RIO DE JANEIRO -(Dow Jones)- Annual investment in Brazil's infrastructure is averaging 85 billion reals ($36 billion) a year in 2007 and 2008, local news agency Estado reported Monday. (Mon, 01 Dec 2008 14:24:19 GMT)
Nigeria: Omoyemi's Removal - Court Joins Oodua Investment As Co-Respondent
Justice Mohammed Liman of the Federal High Court in Lagos has joined Oodua Investment Limited as co-respondent in the suit filed by some shareholders of Wema Bank. (Mon, 01 Dec 2008 15:20:41 GMT)
Investment firm fined for breaching BCSC cease trade order
The British Columbia Securities Commission has settled with an Ontario-based investment firm that admitted to allowing one of its employees to trade in securities that were under a cease trade order. (Mon, 01 Dec 2008 16:25:55 GMT)
First transactions processed by DTCC alternative investment products service
The Depository Trust & Clearing Corporation (DTCC) announced that two charter clients of the Alternative Investment Products (AIP) service - BNY ... (Mon, 01 Dec 2008 17:31:30 GMT)
Investment firm offers to buy Tollgrade Communications
A local investment firm is offering to buy troubled Tollgrade Communications Inc., a Harmar-based company that makes test software and equipment for telecom and cable networks, for as much as $79.4 million. (Mon, 01 Dec 2008 17:42:33 GMT)
NZFC Reports Increased Investment
Investment totaling more than $20.7million to support twelve New Zealand feature films is reported by the New Zealand Film Commission in its annual report which was published today. It had also committed finance for the completion of seven digital features and the production of nine short films. (Tue, 02 Dec 2008 02:02:18 GMT)
Merkel favors investment instead of tax cut to counter recession
To counter the worst recession in 12years, German Chancellor Angela Merkel on Monday called for infrastructure investment and ruled out tax cut until after next year's national election in Stuttgart. The German government will focus on investing in Germany's infrastructure to counter economic recession, including motorways or autobahns building and modernizing in the west part of the country, as ... (Tue, 02 Dec 2008 02:22:29 GMT)
DPRK foreign trade minister briefs Singapore leader on investment opportunities
Singapore would be glad to explore ways to strengthen bilateral co-operation with the Democratic People's Republic of Korea (DPRK) in the areas of trade and investment once international concerns were assuaged and the environment improved, Senior Minister Goh Chok Tong said on Monday. Goh, also former prime minister, made this point when meeting with visiting DPRK's Foreign Trade Minister Ri ... (Tue, 02 Dec 2008 02:23:28 GMT)
Aabar Investment acquires AIG Private Bank
Aabar Investment PJSC (Aabar) is pleased to announce the signing of a binding agreement to acquire AIG Private Bank Ltd. (AIG Private Bank) from its parent company American International Group, Inc. (AIG). (Tue, 02 Dec 2008 06:08:13 GMT)
Credit Suisse to cut 650 investment banking jobs
Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday. (Tue, 02 Dec 2008 07:24:53 GMT)
Four banks jump into railway investment
The 2-trillion-yuan ($293 billion) investment in the newly-planned railway construction under China's $586 billion stimulus plan has triggered big banks to jump in and pour money into infrastructure projects, according to Tuesday's Shanghai Securities News. (Tue, 02 Dec 2008 07:45:02 GMT)
(AFX UK Focus) 2008-12-02 07:35 UPDATE 1-Credit Suisse to cut 650 investment banking jobs
ZURICH, Dec 2 (Reuters) - Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday. A spokesman for the Swiss-based bank said an announcement on the cuts had been made to its staff on Monday but declined to give any further details. The cuts are the latest in a wave of job losses in the financial sector in which around 90,000 jobs have been axed since September. The ... (Tue, 02 Dec 2008 08:04:19 GMT)
Metso, European Investment Bank sign EUR 160 mln research and development loan agreement - Quick facts
(RTTNews) - Metso Corp. (MXTOF.PK) and the European Investment Bank announced that they have signed a EUR 160 million research and development loan agreement. The total loan amount has been subsequently drawn down. (Tue, 02 Dec 2008 08:07:54 GMT)
Denmark's single largest investment abroad settles in Tianjin
The world's largest insulin preparation and filling plant recently held its foundation stone laying ceremony in China's Tianjin Economic-Technological Development Area (TEDA). The enterprise, being built with an investment of US $381 million from Novo Nordisk of Denmark, will be the company's primary production base in the Asia Pacific region. This is the largest single investment abroad by a ... (Tue, 02 Dec 2008 08:16:10 GMT)
Gov’t builds investment confidence
HA NOI — The Viet Nam Government has again sent a clear message that it will enhance the domestic investment environment to both dampen the impact of the global financial turmoil and hold and build business confidence. (Tue, 02 Dec 2008 08:24:53 GMT)
China Tightens Rules On Property Insurers' Investment Products
BEIJING -(Dow Jones)- The China Insurance Regulatory Commission has tightened rules on the launch of investment-related products by property insurers, reflecting its concerns about the solvency of some insurers, which have suffered big losses on their investments in the domestic capital markets. (Tue, 02 Dec 2008 10:24:04 GMT)
S’pore, North Korea sign Investment Guarantee Agreement
SINGAPORE: Singapore and North Korea signed an Investment Guarantee Agreement (IGA) on Tuesday. (Tue, 02 Dec 2008 10:29:16 GMT)
Rajasthan Likely To Get Rs.8K Cr. Investment In Energy Sector From 14 Cos
(RTTNews) - Rajasthan is likely to get an investment of Rs.8,000 crore in renewable energy sector, with 14 companies proposing projects to tap power from wind and biomass, reported the PTI. (Tue, 02 Dec 2008 11:23:14 GMT)
Iran to host International Foreign Investment Conference
Iran - Investment - Conference The International Foreign Investment Conference will be held in Tehran in mid February 2009, an official said on Tuesday. (Tue, 02 Dec 2008 11:24:06 GMT)
Singapore, DPRK sign investment guarantee agreement
Singapore and the Democratic People's Republic of Korea (DPRK) signed an Investment Guarantee Agreement on Tuesday. Singapore's Trade and Industry Ministry said in a statement that the agreement will help promote investment flow by protecting investors. Under the agreement, investors will be given non-discriminatory treatment. They will also receive free transfer of capital and returns from ... (Tue, 02 Dec 2008 14:32:41 GMT)
CI Financial combines investment teams
The investment teams of KBSH Capital Management Inc. and Signature Global Advisors, both divisions of CI Financial Income Fund, are being combined for the purpose of managing KBSH institutional mandates, CI Investments Inc. announced on Monday. (Tue, 02 Dec 2008 14:55:55 GMT)
National Investment acquires California firm for $4.7M
Dublin’s National Investment Managers Inc. has made its sixth acquisition this year, picking up a California firm for $4.7 million. (Tue, 02 Dec 2008 15:01:21 GMT)
Norway Can Boost Investment, Curb Declines with Greater E&P Focus
Opening areas of the Norwegian continental shelf currently closed to oil and gas activities could increase investment by NOK 200-250 billion (US $28 billion) in 2022-40, according to a new KonKraft report. (Tue, 02 Dec 2008 16:07:58 GMT)
Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs fell $3.02 or 4.6 percent, to $62.74. Merrill Lynch rose $.25 or 2.5 percent, to $10.38. (Tue, 02 Dec 2008 16:09:30 GMT)
Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $.76 or 1.2 percent, to $65.00. (Tue, 02 Dec 2008 22:44:31 GMT)
BHP Approves $245 Million Cossack Oil Investment (Update1)
Dec. 3 (Bloomberg) -- BHP Billiton Ltd. , Australia’s biggest oil and gas producer, approved a $245 million investment to extend the life of the North West Shelf venture’s Cossack oil project. (Tue, 02 Dec 2008 23:03:50 GMT)
Hawaiian Telcom Considered Carlyle Investment Offer (Update1)
Dec. 2 (Bloomberg) -- Carlyle Group, a Washington-based private-equity firm, offered to increase its investment in Hawaiian Telcom Communications Inc. before the telephone company filed for bankruptcy yesterday, a lawyer said in court. (Wed, 03 Dec 2008 02:52:57 GMT)
Qatar Real Estate Investment receives funding
QNB Al Islamic and International Islamic will together provide QR1bn Shariah-principled funding for Qatar Real Estate Investment Co, whose future projects are estimated at QR2.5bn, reported Gulf Times. Al Islami will contribute QR700mn and International Islamic will add QR300mn to the finance pool. (Wed, 03 Dec 2008 04:53:13 GMT)
Hawaiian Telcom Got Carlyle Investment Offer Before Bankruptcy
Dec. 3 (Bloomberg) -- Hawaiian Telcom Communications Inc. received an offer from Washington-based Carlyle Group to increase the private-equity firm’s investment before the phone company filed for bankruptcy, a lawyer said in court. (Wed, 03 Dec 2008 05:56:56 GMT)
Vietnam pledges $1 bln to spur investment, consumption
HANOI, Dec 3 (Reuters) - The Vietnamese government pledged about $1 billion to spur investment and consumption as part of efforts to stave off an economic slowdown, it said in a report on Wednesday. (Wed, 03 Dec 2008 07:37:04 GMT)
(AFX UK Focus) 2008-12-03 07:52 Vietnam pledges $1 bln to spur investment, consumption
HANOI, Dec 3 (Reuters) - The Vietnamese government pledged about $1 billion to spur investment and consumption as part of efforts to stave off an economic slowdown, it said in a report on Wednesday. The government also asked the Finance Ministry to produce a list of taxes that could be cut to help business, said the report on the outcome of a two-day cabinet meeting. Hanoi, which tightened ... (Wed, 03 Dec 2008 08:18:15 GMT)
Nigeria: 'Country Has Effective Legislation to Protect Foreign Investment'
Toulouse, France — The Chairman of Nigeria's fastest growing airline, Arik Air, Sir Arumemi Johnson, has said that Nigeria has effective laws to protect foreign investment, adding that the country has companies that are credible to do business with. (Wed, 03 Dec 2008 08:33:21 GMT)
(AFX UK Focus) 2008-12-03 08:18 UPDATE 1-Vietnam pledges $1 bln to spur investment, consumption
HANOI, Dec 3 (Reuters) - The Vietnamese government announced plans on Wednesday to spend about $1 billion to spur investment and consumption and said it wanted to lower taxes to help businesses as it sought to fend off an economic slowdown. The plan, outlined in a report about a cabinet meeting, came one day after the government announced what will be the central bank's fourth benchmark interest ... (Wed, 03 Dec 2008 08:48:30 GMT)
Citigroup Says "Core" Brokerage and Investment Bank Japanese Units Not for Sale
Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale by the struggling U.S. bank. (Wed, 03 Dec 2008 14:03:41 GMT)
Zille: 2010 a sound investment
A great return on investment is expected for the people of Cape Town as the legacy benefits of being a 2010 FIFA World Cup™ host city become more clear. (Wed, 03 Dec 2008 15:15:46 GMT)
Lehman auctions investment management unit
Sale attracts three bidders, including one offer of $2.15 billion. NEW YORK (AP) -- Lehman Brothers Holdings Inc. is holding an auction to sell its investment management unit that includes the Neuberger Berman money management business. There are three bidders. (Wed, 03 Dec 2008 17:13:17 GMT)
Lehman to auction investment management unit
Three bidders are competing in an auction Wednesday of Lehman Brothers Holdings Inc.'s investment management unit, which includes its Neuberger Berman money management business. (Wed, 03 Dec 2008 17:24:02 GMT)
Local hotel gurus form investment fund
Local hotel executives Robert Solmson and Ed Ansbro have partnered with a New York businessman to launch a hotel investment fund. (Wed, 03 Dec 2008 17:31:23 GMT)
EPF investment income drops 60pc in Q3 (Business Times
THE Employees Provident Fund (EPF), a pension fund, said its third quarter investment income fell 60 per cent from the second quarter as it set aside more money to cover the lower value of its stock market investments. (Wed, 03 Dec 2008 17:36:35 GMT)
Lehman to auction investment management unit
NEW YORK - Three bidders are competing in an auction today of Lehman Brothers Holdings Inc.'s investment management unit, which includes its Neuberger Berman money management... (Wed, 03 Dec 2008 17:39:23 GMT)
Lehman to auction investment management unit
NEW YORK -- Three bidders are competing in an auction Wednesday of Lehman Brothers Holdings Inc.'s investment management unit, which includes its Neuberger Berman money management business. The auction was expected to start at midday and could last most... (Wed, 03 Dec 2008 17:46:28 GMT)
Lehman Gets More Bids for Investment-Management Unit (Update2)
Dec. 3 (Bloomberg) -- Lehman Brothers Holdings Inc. received two additional bids for its investment-management business beyond the $2.15 billion offer from Bain Capital LLC and Hellman & Friedman LLC, a lawyer said. (Wed, 03 Dec 2008 17:53:20 GMT)
Lehman to auction investment management unit
Three bidders are competing in an auction Wednesday of Lehman Brothers Holdings Inc.'s investment management unit, which includes its Neuberger Berman money management business. (Wed, 03 Dec 2008 19:24:17 GMT)
Investment-Banking Role May Shrink, CIBC’s Nesbitt Says
Dec. 3 (Bloomberg) -- Investment banking will play a smaller role for large financial firms as turmoil in the capital markets erodes business, CIBC World Markets’ top banker said. (Wed, 03 Dec 2008 19:38:36 GMT)
Lehman Gets More Bids for Investment-Management Unit (Update4)
Dec. 3 (Bloomberg) -- Lehman Brothers Holdings Inc. received two additional bids for today’s auction of its investment- management business beyond a $2.15 billion offer from Bain Capital LLC and Hellman & Friedman LLC, a lawyer said. (Wed, 03 Dec 2008 20:57:47 GMT)
Lehman Investment Unit to Be Acquired by Neuberger Executives
Dec. 3 (Bloomberg) -- Executives of Lehman Brothers Holdings Inc.’s investment-management division won an auction to buy their business, including the Neuberger Berman fund division, from the bankrupt securities firm. (Wed, 03 Dec 2008 23:22:30 GMT)
MGIC Investment Corporation (MTG)
MGIC Investment Corporation - MGIC is the largest private mortgage insurer in the U.S., offering private mortgage insurance across the country, the District of Columbia, and in Puerto Rico through its subsidiary, Mortgage Guaranty Insurance Corporation [MGIC ]. (Thu, 04 Dec 2008 06:00:00 GMT)
Japan's recession woes mount as firms slash investment
Japanese business investment plunged at the fastest pace in at least six years, the government said Thursday, raising fears that Asia's biggest economy is deeper in recession than previously thought. (Thu, 04 Dec 2008 06:16:33 GMT)
Macquarie Group Fires 100 Investment Bankers, Australian Says
Dec. 4 (Bloomberg) -- Macquarie Group Ltd. , Australia’s biggest investment bank, fired about 100 investment bankers and advisers today as deal flow slows, the Australian newspaper reported, without saying where it got the information. (Thu, 04 Dec 2008 06:21:45 GMT)
Neuberger Berman Management, Lehman to Purchase Investment Unit
Dec. 4 (Bloomberg) -- Lehman Brothers Holdings Inc. agreed to sell its investment management business, including the Neuberger Berman fund unit, to its managers in a deal that gives the bankrupt securities firm a 49 percent stake. Terms weren’t disclosed. (Thu, 04 Dec 2008 06:27:44 GMT)
Neuberger Berman Management, Lehman to Purchase Investment Unit
Dec. 4 (Bloomberg) -- Lehman Brothers Holdings Inc. agreed to sell its investment management business, including the Neuberger Berman fund unit, to its managers in a deal that gives the bankrupt securities firm a 49 percent stake. Terms weren’t disclosed. (Thu, 04 Dec 2008 06:52:38 GMT)
Deutsche Bank cuts China growth, investment f'cast
BEIJING, Dec 4 (Reuters) - Deutsche Bank on Thursday lowered its forecast for China's growth next year to 7.0 percent and said that weaker investment would drag down the country's demand for commodities. (Thu, 04 Dec 2008 07:35:27 GMT)
Japan's recession deepens as firms slash investment
Japan's recession woes deepened Thursday as business investment plunged at the fastest pace in six years and top broker Nomura axed up to 1,000 job cuts to cope with the financial crisis. (Thu, 04 Dec 2008 08:49:56 GMT)
Investment-Grade Credit Risk Index Rises to Record in Europe
Dec. 4 (Bloomberg) -- The cost of protecting European investment-grade corporate bonds from default rose to 200 basis points for the first time as interest-rate cuts signaled the recession is deepening. (Thu, 04 Dec 2008 13:24:46 GMT)
Fortress Investment fall on suspended redemptions
Fortress Investment shares continued to fall Thursday as investors were angered by the fund manager suspending redemptions from some of its biggest funds. (Thu, 04 Dec 2008 15:07:56 GMT)
RepEquity scores investment
RepEquity has scored a significant investment from Enhanced Capital Partners to expand its technology platform. (Thu, 04 Dec 2008 15:49:57 GMT)
EU: Falling investment shrank euro economy in 3Q
A sharp drop in investment forced the euro-zone economy to contract in the third quarter, the EU statistics agency Eurostat said Thursday. (Thu, 04 Dec 2008 17:31:33 GMT)
Banks borrow less, investment firms borrow more
Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans. (Thu, 04 Dec 2008 21:34:24 GMT)
Final Glance: Investment Banks companies
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $1.42 or 2.1 percent, to $67.53. (Thu, 04 Dec 2008 22:59:14 GMT)
Chuck Jaffe: Don't shoot the moon with this looney investment
If you want to buy an acre of property rights on the moon or Mars for a lark -- or a quirky holiday gift -- go ahead, but if you’re doing it with any eye on actual investment value, get real. You’re making a Stupid Investment of the Week. (Fri, 05 Dec 2008 00:51:46 GMT)
Don't Shoot The Moon With This Looney Investment
Don't Shoot The Moon With This Looney Investment (Fri, 05 Dec 2008 02:38:18 GMT)
Top University investment managers earn $2.6 million in 2007
Chief Investment Officer Cynthia Frost topped the list of Brown's highest paid employees in 2007 with a package of $1,351,639, according to the University's most recent tax filings. Frost, who oversees the investment of the University's endowment, took home 55 percent more during that fiscal year than she did in the previous fiscal year, when she earned $871,257, including benefits. (Fri, 05 Dec 2008 08:05:36 GMT)
Baosteel to speed overseas investment, eyes Spain
HONG KONG, Dec 5 (Reuters) - Baosteel Group, China's largest steelmaker, plans to speed up overseas investment to take advantage of lower asset prices overseas and may invest in steel processing projects in Europe, an executive said on Friday. (Fri, 05 Dec 2008 08:31:31 GMT)
Where will investment bankers go?
Investment banking, once among the most coveted and highest-paying fields on Wall Street, can't seem to catch a break these days. Not only have the last two major holdouts -- Goldman Sachs and Morgan Stanley -- given up their status as stand-alone investment banks to become bank holding companies, but they and rival banks are shedding investment bankers and related staff in droves. (Fri, 05 Dec 2008 10:35:36 GMT)
Banks borrow less, investment firms borrow more
WASHINGTON -- Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans. (Fri, 05 Dec 2008 12:02:37 GMT)
Iraq oil minister says Iraq is safe for investment
Iraq's oil minister says his country is now safe for investment and is appealing to international companies to help Iraq develop its petroleum sector. (Fri, 05 Dec 2008 12:56:20 GMT)
Iraqi oil minister says Iraq's safe for investment
Iraq's oil minister on Friday appealed to international oil companies to help Iraq to develop its petroleum sector, saying his country is now safe for investment. (Fri, 05 Dec 2008 13:10:41 GMT)
Iraqi oil minister says Iraq's safe for investment
Iraq's oil minister on Friday appealed to international oil companies to help Iraq to develop its petroleum sector, saying his country is now safe for investment. In return, Oil Minister Hussain al-Shahristani promised "full cooperation and a competitive... (Fri, 05 Dec 2008 13:35:46 GMT)
Merrill Lynch, Bank of America shareholders approve BofA's purchase of the investment bank
CHARLOTTE, N.C. - Shareholders of Merrill Lynch & Co. and Bank of America Corp. on Friday approved the investment bank's sale to Bank of America, in a move that will create the nation's largest financial-services firm. (Fri, 05 Dec 2008 14:31:52 GMT)
Audio: Don't shoot for the moon with this looney investment
Stupid Investment of the Week goes to the ends of the Earth -- and beyond -- to uncover bad ideas. This week, Chuck discusses "property" being sold on the moon and on Mars. And, no, he's not kidding. (Fri, 05 Dec 2008 14:34:10 GMT)
APJet closes on $3.5M investment
Affiliated Plasma Jet Technologies (APJeT Inc.) has closed on a $3.5 million investment from Connecticut-based Centripetal Capital Partners. (Fri, 05 Dec 2008 16:09:31 GMT)
SC creates investment promo board
KORONADAL CITY -- A special body to promote trade and investment potentials in South Cotabato was created by the Provincial Government, Governor Daisy P. Avance Fuentes said. (Fri, 05 Dec 2008 17:38:21 GMT)
SC retirement investment board won't stall bonus
South Carolina Treasurer Converse Chellis lost a bid Friday to stall a $176,000 bonus payment to the officer who makes the state's retirement investment decisions. (Fri, 05 Dec 2008 18:08:40 GMT)
First Financial Holdings gets Treasury investment
First Financial Holdings Inc., the parent of First Federal Savings and Loan Association of Charleston, said Friday it received a $65 million investment from the Treasury Department as part of the government's capital purchase program. (Fri, 05 Dec 2008 18:56:14 GMT)
Iraq appeals to oil companies for investment
Iraq launched its first public campaign Friday to attract investment from international oil companies, rolling out a red carpet — literally — for executives from as far away as Russia and Japan. (Fri, 05 Dec 2008 19:37:19 GMT)
Dime Community wins OK for Treasury investment
Dime Community Bancshares Inc., the parent of The Dime Savings Bank of Williamsburgh, said Friday it received preliminary approval to receive an investment of up to $77.3 million from the Treasury Department under its capital purchase program. (Fri, 05 Dec 2008 19:43:31 GMT)
Gold Drops to 2-Week Low as Dollar Rally Cuts Investment Demand
Dec. 5 (Bloomberg) -- Gold fell to the lowest in two weeks as the dollar climbed, eroding the appeal of the precious metal as an alternative investment. Silver also declined. (Fri, 05 Dec 2008 19:45:06 GMT)
Huawei confident in investment plan for 2009 in Brazil
Chinese communications equipment manufacturer Huawei will reassess its 2009 investment goals in Brazil and hopes to continue its good performance in the country, a senior company official said yesterday. (Sat, 06 Dec 2008 04:28:52 GMT)
Investment company offers Madison $200,000 for vacant lot at auction
A representative of an investment and consulting company placed the high bid of $200,000 for a .57-acre vacant lot at 22 Orchard St., which is owned by the borough of Madison, in a live auction Friday morning. (Sat, 06 Dec 2008 09:15:07 GMT)
Losses may not mean end of Credit Suisse investment banking
Recent losses at Credit Suisse Group AG do not mean the end of investment banking at the Swiss group, its chairman was quoted as saying in an interview published on Saturday. (Sat, 06 Dec 2008 10:57:51 GMT)
Obama Vows To Sharply Boost US Infrastructure Investment
WASHINGTON (AFP)--U.S. President-elect Barack Obama on Saturday vowed to make the single largest investment in the country's infrastructure since the 1950s, when the federal highway system was created. (Sat, 06 Dec 2008 11:52:32 GMT)
Obama vows Eisenhower-like infrastructure investment
President-elect Obama on Saturday promised to make the largest new investment in the nation's infrastructure since President Eisenhower established the Interstate... (Sat, 06 Dec 2008 12:55:38 GMT)
Is now a good time to buy investment real estate?
It may seem crazy asking the question, but is now a good time to buy investment real estate? (Sat, 06 Dec 2008 16:59:01 GMT)
Investment key to achieve high growth
KARACHI (December 07 2008): The State Bank of Pakistan has said that in order to achieve a sustainable high growth and low inflation in the medium to long term, the country needs to support investment by removing structural bottlenecks, reduce cost of doing business, and increase productivity. (Sat, 06 Dec 2008 23:12:00 GMT)
County pays off investment scandal loan
LISBON -In September 1993, an alert clerk with a Detroit investment firm noticed someone in the Columbiana County Treasurer's Office was investing millions of tax dollars in the stock market through the firm, which is illegal. (Sun, 07 Dec 2008 05:36:29 GMT)
Mekong fund closes US$5m investment
HCM CITY — The Mekong Enterprise Fund II has completed an investment of US$5million in Digiworld Corporation, marking the eighth investment of the fund since it made its debut in June 2006. (Sun, 07 Dec 2008 08:48:44 GMT)
Investment advisers: The good, bad and ugly
For almost 20 years, I've had the same investment adviser. She and I don't always agree. That's why I like her. Earlier this year, I asked her about a value fund manager who was lagging behind. (Sun, 07 Dec 2008 09:43:41 GMT)
Mekong fund closes US$5m investment
VietNamNet Bridge - The Mekong Enterprise Fund II has completed an investment of US$5million in Digiworld Corporation, marking the eighth investment of the fund since it made its debut in June 2006. (Sun, 07 Dec 2008 15:28:46 GMT)
When diversification fails
LONDON (Reuters) - The attractiveness of spreading investment eggs in many baskets is fading fast in the short term as strengthening correlations of different asset classes are aggravating losses on a diversified portfolio. (Sun, 07 Dec 2008 15:31:17 GMT)
Obama Says Economy Will Worsen, Promises Big Plan to Fix It
President-elect Obama predicted the recession will worsen in the coming year, but depicted his infrastructure investment program as "equal to the task" and a linchpin to long-term economic growth. (Sun, 07 Dec 2008 17:25:15 GMT)
Fixed-asset investment by listed firms rises by 15%
Thai listed firms posted a 15% increase in fixed-asset investment in the third quarter compared with the quarter before. (Sun, 07 Dec 2008 19:59:28 GMT)
Borough seeks investment adviser
BRISTOL - Bristol has $24 million of limited investment money, and someone needs to watch over it during this recession, borough officials said. (Sun, 07 Dec 2008 23:03:38 GMT)
A Conservative Investment
In the wake of the recent electoral rout, we conservatives must redefine ourselves in a world that has changed since the birth of the Reagan Doctrine. One new reality is the imperative that our government modernize America's aging energy, water and transportation infrastructure. (Mon, 08 Dec 2008 00:31:36 GMT)
Iraq Oil Minister Says Iraq Is Safe For Investment
BAGHDAD (AP) -- Iraq's oil minister says his country is now safe for investment and is appealing to international companies to help Iraq develop its petroleum sector. (Mon, 08 Dec 2008 02:05:20 GMT)
Foreign investment in Algeria worth USD 6 billion - report
ALGIERS, Dec 7 (KUNA) -- Direct investments in Algeria since early 2008 have amounted to USD six billion according to a report from the country's Ministry of Industry and Promotion of Investment on Sunday. (Mon, 08 Dec 2008 05:51:40 GMT)
Colombia Reels After Investment Schemes; Scandal Has Riveted Residents, Shaken the Economy, Damaged Uribe's Standing
BOGOTA, Colombia -- The pied piper was a gangly, long-haired entrepreneur whose remarkable success story seemed to augur well for those who invested in his get-rich scheme. David Murcia, 28, had gone from being a traveling salesman making $130 a month to living in a luxury high-rise, driving a... (Mon, 08 Dec 2008 07:33:15 GMT)
Global investment banks forecast average 1.2% growth for S. Korea
Major global investment banks revised down their growth projections for South Korea next year to average1.2 percent, far lower than a three percent expansion predicted a month earlier, data showed Monday. Seven major banks said the economy will slow down due to the faster-than-expected worldwide recession and its impact on the nation's export-driven economy, according to the data provided by the ... (Mon, 08 Dec 2008 08:26:23 GMT)
Meltdown to hit investment from US for Vibrant Summit
Few companies show interest in signing MoUs. The Vibrant Gujarat Global Investors Summit (VGGIS) scheduled for January next year will bear the brunt of meltdown in terms of investment from the country hit hardest by financial bloodletting – the United States. (Mon, 08 Dec 2008 08:30:15 GMT)
My Dumbest Investment
I purchased shares of a penny stock and then sold them at my wife's request. Lesson learned: Let your wife make her own investment decisions. I bought shares at 58 cents and 72 cents each. The current price? $1.44. I'll probably get back into this company, even though the price is higher. (Mon, 08 Dec 2008 08:32:23 GMT)
MetLife Net to Rise on Investment Gains
The insurer said the fourth quarter will benefit from investment gains of as much as $1.8 billion. (Mon, 08 Dec 2008 13:21:37 GMT)
Investment Technology Group trading volume rises
Investment Technology Group Inc., a provider of technology-based trading services, said Monday its average daily trading volume in November rose 3 percent. (Mon, 08 Dec 2008 14:36:02 GMT)
Obama to Spur Economy With Infrastructure Investment
Dec. 8 (Bloomberg) -- President-elect Barack Obama is focusing his economic recovery strategy on making the biggest investment in the nation’s infrastructure since President Dwight D. Eisenhower created the interstate highway system a half- century ago. (Mon, 08 Dec 2008 15:19:34 GMT)
Google investment in Council Bluffs could near $1 billion
COUNCIL BLUFFS, Iowa - Google’s investment in Council Bluffs could approach $1 billion as the company moves ahead with plans to build a second data center in Council Bluffs. (Mon, 08 Dec 2008 15:56:59 GMT)
DTCC extends mutual funds services to investment managers
The Depository Trust & Clearing Corporation (DTCC) announced today a change in its rules that will, for the first time, give investment managers who ... (Mon, 08 Dec 2008 16:05:18 GMT)
Citadel Investment to close Tokyo offices, shed 37 Asian jobs
The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations, the Chicago-based hedge fund decided Monday. (Mon, 08 Dec 2008 16:18:59 GMT)
New Global Database Will Extend ESG Investment Research
By Robert Kropp. The UN's Principles for Responsible Investment plans to create a tool to help asset managers and investors incorporate ESG issues into long-term investments. (Mon, 08 Dec 2008 16:29:20 GMT)
Foreign investment should focus on effective sectors, academics advise
VietNamNet Bridge - Vietnam needs to ensure foreign investment is directed to sustainable industries and the country needs to do more to train rural workers. (Mon, 08 Dec 2008 16:56:28 GMT)
US Rice Due In Panama For Hemisphere Trade, Investment Talks
WASHINGTON (AFP)--U.S. Secretary of State Condoleezza Rice will travel to Panama on Tuesday to attend a Western Hemisphere ministerial trade and investment meeting, her spokesman said. (Mon, 08 Dec 2008 17:37:47 GMT)
A Wise Investment Plan
You're probably shellshocked from the investment bombs that have exploded all around you. Now more than ever, you need to develop and stick to a carefully thought out investment plan. (Mon, 08 Dec 2008 17:40:26 GMT)
Rio to Slash Investment by Half, Cut Debt, Morgan Stanley Says
Dec. 8 (Bloomberg) -- Rio Tinto Group , the world’s third- largest mining company, will probably slash investment spending by half next year to reduce its debt, Morgan Stanley said. (Mon, 08 Dec 2008 18:58:38 GMT)
Rice due in Panama for hemisphere trade, investment talks
US Secretary of State Condoleezza Rice will travel to Panama on Tuesday to attend a Western Hemisphere ministerial trade and investment meeting, her spokesman said. (Mon, 08 Dec 2008 19:29:04 GMT)
BT Investment Management sees bad year
BT Investment Management Ltd (BTIM) says if faces a continuation of adverse market conditions in fiscal 2009 that will impact its revenues. (Tue, 09 Dec 2008 03:28:00 GMT)
Former Bear Stearns CEO Greenberg Says Investment Banks ‘Gone’
Dec. 8 (Bloomberg) -- Alan “Ace” Greenberg , the former Bear Stearns Cos. chief executive officer who is approaching his 61st year on Wall Street, said the investment-banking model he helped pioneer is “gone.” (Tue, 09 Dec 2008 03:40:27 GMT)
Former Bear Stearns CEO Greenberg Says Investment Banks ‘Gone’
Dec. 8 (Bloomberg) -- Alan “Ace” Greenberg , the former Bear Stearns Cos. chief executive officer who is approaching his 61st year on Wall Street, said the investment-banking model he helped pioneer is “gone.” (Tue, 09 Dec 2008 03:45:02 GMT)
Korea Investment Corp Looks For New Chief Investment Officer
SEOUL -(Dow Jones)- South Korean sovereign wealth fund Korea Investment Corp. is in search of a new chief investment officer to replace Guan Ong, who has decided not to extend his three-year contract which expires in February. (Tue, 09 Dec 2008 06:07:59 GMT)
Sony Will Cut 8,000 Jobs, Curb Electronics Investment (Update1)
Dec. 9 (Bloomberg) -- Sony Corp., the world’s second-largest maker of consumer electronics, said it will cut 8,000 jobs and reduce investment in electronics as an “acute downturn” in the economy hurts profitability. (Tue, 09 Dec 2008 06:51:05 GMT)
Sony Will Cut 8,000 Jobs, Curb Electronics Investment (Update1)
Dec. 9 (Bloomberg) -- Sony Corp., the world’s second-largest maker of consumer electronics, said it will cut 8,000 jobs and reduce investment in electronics as an “acute downturn” in the economy hurts profitability. (Tue, 09 Dec 2008 07:03:41 GMT)
U.S. Needs $500 Billion Clean Tech Investment, 5 Million Green Jobs: Report
SAN FRANCISCO, Calif. -- A new plan for reviving and strengthening the U.S. economy calls for an investment of $500 billion over 10 years on a range of energy, education, construction, building and manufacturing programs that would create 5 million jobs. (Tue, 09 Dec 2008 08:12:50 GMT)
Japan LDP to Propose Extension of Tax Cuts on Stock Investment
Dec. 9 (Bloomberg) -- Japan’s ruling Liberal Democratic Party will propose extending a tax cut on stock investment and waiving levies companies pay on profits returned from abroad when it releases its annual proposal this week. (Tue, 09 Dec 2008 10:41:19 GMT)
Estonia May Borrow Next Year to Cover Investment, Padar Says
Dec. 9 (Bloomberg) -- Estonia may need to borrow as much as 5 billion krooni ($411 million), or 2 percent of gross domestic product , to cover investment needs during the economy’s worst recession in a decade, Finance Minister Ivari Padar said. (Tue, 09 Dec 2008 13:12:22 GMT)
DTCC Extends Mutual Fund Services to Investment Managers
DTCC Extends Mutual Fund Services to Investment Managers (Tue, 09 Dec 2008 15:17:53 GMT)
Direct Investment In UK Real Estate To Halve In 2008 - JLL
LONDON -(Dow Jones)- Direct investment in U.K. commercial real estate will halve in 2008 and won't see an uplift in the first few months of 2009, real- estate services company Jones Lang LaSalle said Tuesday. (Tue, 09 Dec 2008 16:22:47 GMT)
Early Glance: Investment Banks companies
(AP:NEW YORK) Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.54 or 2.0 percent, to $75.61. Merrill Lynch fell $.71 or 4.7 percent, to $14.54. (Tue, 09 Dec 2008 16:31:31 GMT)
Mackenzie launches new line of guaranteed investment funds
Mackenzie Financial has launched a new line of segregated fund policies issued by The Great-West Life Assurance Co., Mackenzie announced Monday. Mackenzie Guaranteed Investment Funds (GIF) offer the protective features of an insurance policy combined with the benefits of an investment fund. (Tue, 09 Dec 2008 17:05:09 GMT)
Sony cuts 8000 jobs and contracts investment plans
Sony announced on Tuesday that it would be cutting its workforce by 8000 jobs and additionally pull back its planned investment in reaction to an intensely slowing economy. (Tue, 09 Dec 2008 17:06:39 GMT)
Foreign Direct Investment in China Fell 36.5% on Year (Update1)
Dec. 10 (Bloomberg) -- Foreign direct investment in China fell 36.5 percent in November from a year earlier as gains by the yuan stalled and the world’s fourth-biggest economy cooled. (Wed, 10 Dec 2008 02:07:20 GMT)
Foreign direct investment in China up 26.3 percent
Foreign direct investment in China rose 26.3 percent in the first eleven months of the year compared with the same period last year, the government said Wednesday. (Wed, 10 Dec 2008 03:21:48 GMT)
China's foreign investment falls 36.5 percent
Foreign investment in China dropped sharply in November, battered by a slump in global demand that has led to a wave of factory closures, according to data reported Wednesday. (Wed, 10 Dec 2008 04:34:39 GMT)
China's foreign investment falls 36.5 per cent in face of global meltdown
BEIJING - Foreign investment in China dropped sharply in November, battered by a slump in global demand that has led to a wave of factory closures. (Wed, 10 Dec 2008 04:52:00 GMT)
China's foreign investment falls 36.5 per cent in face of global meltdown
BEIJING - Foreign investment in China dropped sharply in November, battered by a slump in global demand that has led to a wave of factory (Wed, 10 Dec 2008 05:16:04 GMT)
Patterson backs new investment in state's transportation infrastructure
PONTIAC -- Oakland County Executive L. Brooks Patterson on Tuesday called on Gov. Jennifer Granholm and state leaders to back legislation creating new investment in the state's transportation infrastructure system. (Wed, 10 Dec 2008 06:03:39 GMT)
Sony to cut 8,000 jobs and reduce investment
Sony Corp., the Japanese consumer electronics giant, said on Tuesday that it would eliminate 8,000 jobs and rein in planned investment in reaction to the global economic slowdown. (Wed, 10 Dec 2008 07:13:01 GMT)
Investment banks need practical skills for next two years
IT professionals with hands-on IT skills will be most indemand in the investment banking sector as the industry focuses on IT investments to maintain business and meet regulatory requirements. (Wed, 10 Dec 2008 08:06:42 GMT)
More savings, investment stressed in Myanmar in face of global financial crisis
The official newspaper New Light of Myanmar Wednesday stressed the need for the country to work for more savings and investment in face of the current global financial crisis. "Myanmar is enjoying dramatic progress in savings and investment which are crucial for its development. Foreign investment in the nation is also on the gradual increase, the paper said in its editorial, emphasizing that ... (Wed, 10 Dec 2008 08:36:40 GMT)
Miner Rio Tinto will cut 14,000 jobs, investment to reduce debt and cope with slowdown
SYDNEY, Australia - Rio Tinto Group will cut 14,000 jobs worldwide and reduce capital investment as part of new measures to reduce its debt amid waning demand for iron ore and other metals, the mining company said Wednesday. (Wed, 10 Dec 2008 08:47:00 GMT)
Sentencing set for head of SC investment firm
The head of a small South Carolina investment firm faces sentencing for bilking dozens of people out of about $6 million in two alleged fraud schemes. Daryl Batts, owner and operator of Comprehensive Financial Solutions Inc. in Easley, pleaded guilty to one count each of securities fraud and mail fraud. Batts has been on out bond since his July plea. He faces up to 50 years in prison and a ... (Wed, 10 Dec 2008 12:12:13 GMT)
Investment Firm Backed by Softbank Raises Fund
SAIF Partners , the investment firm backed by Japan’s Softbank , has raised 1.6 billion yuan ($233 million) for its first yuan-denominated private equity fund, Reuters reported, citing sources with direct knowledge of the matter. (Wed, 10 Dec 2008 12:48:10 GMT)
IEA’s Birol Says Drop in Oil Prices May Halt Project Investment
Dec. 10 (Bloomberg) -- A further decline in global oil prices may delay or halt investment in exploration and production projects, according to Fatih Birol , chief economist of the International Energy Agency. (Wed, 10 Dec 2008 13:00:16 GMT)
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