Investment News 05/2009 (Page 4)
Asphalt Shingles -- Are They The Best Investment For Your Home? (Carteret County News-Times)
(ARA) - During this time of economic uncertainty, you may be hesitant to invest money in your home. It is important to remember, though, that your home is a valuable asset. In order to maintain your investment, home maintenance or repair projects are essential.
(May 11, 2009)
Banc of America Investment Services Sued By Former Investment Broker for Peddling Fraudulent Investments (PRWeb)
Broker sues Bank of America Investment Services, Inc. for putting its own interests above that of their clients and concealing wrongful conduct. (PRWeb May 11, 2009) Read the full story at (link) prweb2365444.htm
(May 11, 2009)
Power-One Closes $60 million Investment (San Fernando Valley Business Journal)
Camarillo-based Power-One, Inc. provider of power conversion and power management products, closed on a $60 million investment by Silver Lake Sumeru, an investment fund focused on middle-market technology enterprises.
(May 11, 2009)
FOREIGN INVESTMENT COMMITTEE GUIDELINES TO BE REVIEWED, SAYS NAJIB (Bernama via Yahoo! Malaysia News)
PUTRAJAYA, May 11 (BERNAMA) -- Prime Minister Datuk Seri Mohd Najib Tun Razak said that some of the Foreign Investment Committee guidelines will be reviewed. -- BERNAMA
(May 11, 2009)
HSBC says first-quarter profits up, investment banking strong (Reuters via Yahoo! News)
HSBC Holdings , Europe's biggest bank, said first-quarter profits were "well ahead" of last year, swelled by record results in its investment bank, but would have been down without accounting gains on its debt.
(May 11, 2009)
HSBC says Q1 profits up, investment banking strong (Reuters via Yahoo! Singapore News)
* Profits swelled by investment bank record, own debts gain
(May 11, 2009)
HSBC investment banking strong (Reuters via Yahoo! UK & Ireland News)
HSBC Holdings said first quarter profits were "well ahead" of last year, swelled by record results in its investment bank and resilience in Asia, but would have been down without accounting gains on its debt.
(May 11, 2009)
Nomura Asset Management Deploys Eagle's Data Management Technology to Support Global Investment Platform (redOrbit)
Centralized data management strategy helps mitigate risk and increase business efficiency TOKYO, May 11 /PRNewswire/ -- Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, announced that Nomura Asset Management (NAM), Japan's largest asset manager, has successfully deployed Eagle's data management solution.
(May 11, 2009)
Gold, Silver Prices Fall in N.Y. as Investment Demand Declines (Bloomberg)
May 11 (Bloomberg) -- Gold and silver prices dropped in New York on speculation that investment demand will decline as more signs emerge that the global recession may have touched bottom.
(May 11, 2009)
BiotechCorp records 18pc investment growth (Business Times (Malaysia))
MALAYSIAN Biotechnology Corp (BiotechCorp) has recorded an 18 per cent growth in total approved investment for its financial year ended December 31, 2008.
(May 11, 2009)
Investment target on track (The New Straits Times)
MALACCA: The state government is confident of attracting an investment of RM3 billion as targeted for this year, despite the global economic slowdown.
(May 11, 2009)
Kuwait pays for investment company ills (Financial Times)
In 1999, Global Investment House in Kuwait established a proprietary investment operation with just over $30m in seed capital. A decade later, the division has brought the investment house, one of the best known in the Gulf, to its knees.
(May 11, 2009)
Marc Dreier Pleads Guilty to Investment Fraud (New York Times)
The prominent Manhattan lawyer Marc S. Dreier pleaded guilty on Monday evening to criminal charges of running an investment fraud that cheated investors out of hundreds out of millions of dollars by using fake promissory notes.
(May 11, 2009)
Chinese Investment Climbs 30.5% on Stimulus Plan, Surging Loans (Bloomberg)
May 12 (Bloomberg) -- China’s urban fixed-asset investment climbed 30.5 percent in the first four months from a year earlier as the government pumped money into building railways, oil pipelines and low-cost housing.
(May 12, 2009)
China Urban Fixed Investment Rises 30.5% (Fox News)
China Urban Fixed Investment Rises 30.5%
(May 12, 2009)
Euro Approaches Seven-Week High as China’s Investment Climbs (Bloomberg)
May 12 (Bloomberg) -- The euro approached a seven-week high against the dollar after a government report showed China’s urban fixed-asset investment rose at the fastest pace in more than two years.
(May 12, 2009)
Euro Trades Near 7-Week High as China’s Urban Investment Surges (Bloomberg)
May 12 (Bloomberg) -- The euro traded near a seven-week high against the dollar after a government report showed China’s urban fixed-asset investment rose at the fastest pace in more than two years.
(May 12, 2009)
Centum Investment of Kenya Full-Year Profit Plunges 64% (Bloomberg)
May 12 (Bloomberg) -- Centum Investment Co. of Kenya, East Africa’s largest publicly traded investment company, said full- year profit plunged 64 percent.
(May 12, 2009)
KBank launches K-Alternative Investment Offering investment choices with enhanced liquidity (Thaipr.net)
KASIKORNBANK is introducing K-Alternative Investment to offer greater investment opportunities by serving as a secondary market for debt instruments and aval-backed bills and offering K-Smart Note, an
(May 12, 2009)
China’s Investment Surges 30.5%; Exports Decline (Update1) (Bloomberg)
Investment in factories and property climbed 30.5 percent in the four months to the end of April from a year earlier, from 28.6 percent in the first three months, the statistics bureau said today in Beijing.
(May 12, 2009)
Central Europe Investment Is Likely to Slow This Year, FT Says (Bloomberg)
May 12 (Bloomberg) -- Investment in Central Europe will probably slow sharply this year because of the global recession, the Financial Times reported, citing unidentified investment agencies.
(May 12, 2009)
China’s Investment Surges 30.5%; Exports Decline (Update2) (Bloomberg)
Urban fixed-asset investment climbed 30.5 percent in the four months to the end of April from a year earlier, from 28.6 percent in the first three months, the statistics bureau said today in Beijing. Overseas shipments declined 22.6 percent in April from a year earlier, the customs bureau said.
(May 12, 2009)
Centum Investment of Kenya Full-Year Profit Plunges 64% (Bloomberg)
May 12 (Bloomberg) -- Centum Investment Co. of Kenya, East Africa’s largest publicly traded investment company, said full- year profit plunged 64 percent.
(May 12, 2009)
China's exports sink, but factory investment rises (AP via Yahoo! News)
China's exports slumped for the sixth straight month amid warnings that weak overseas demand was hindering a recovery, even as government spending helped boost factory investment.
(May 12, 2009)
Barclays Appoints Vitalo as CEO for Mideast Investment Banking (Bloomberg)
May 12 (Bloomberg) -- Barclays Plc, the U.K.’s third- largest bank, appointed John Vitalo as chief executive officer of investment banking and investment management for the Middle East.
(May 12, 2009)
Governor backs review of NM investment funds (AP via Yahoo! Finance)
Gov. Bill Richardson is backing a proposal by lawmakers to jointly commission an independent view of New Mexico's pension and investment funds.
(May 12, 2009)
Investment Dar Defaults on $100 Million Islamic Bond (Update1) (Bloomberg)
May 12 (Bloomberg) -- Investment Dar Co., the Kuwaiti financial-services company that owns half of Aston Martin Lagonda Ltd., said it defaulted on a $100 million Islamic bond maturing in 2010.
(May 12, 2009)
Aston Martin Owner Investment Dar in Islamic Default (Update2) (Bloomberg)
May 12 (Bloomberg) -- Investment Dar Co., the owner of half of Aston Martin Lagonda Ltd., missed a payment on $100 million of debt, becoming the first Persian Gulf company to default on an Islamic bond.
(May 12, 2009)
Aston Martin Owner Investment Dar in Islamic Default (Update2) (Bloomberg)
May 12 (Bloomberg) -- Investment Dar Co., the owner of half of Aston Martin Lagonda Ltd., missed a payment on $100 million of debt, becoming the first Persian Gulf company to default on Islamic bonds.
(May 12, 2009)
Nokia halts investment in media-sharing site (Reuters via Yahoo! News)
Nokia, the world's biggest cell phone maker, said on Tuesday it would halt investment in its first major Internet service push, a media sharing site, as part of a revamp of its services strategy.
(May 12, 2009)
Primus Said to Purchase Investment Firm CypressTree (Update1) (Bloomberg)
May 12 (Bloomberg) -- Primus Guaranty Ltd. agreed to buy CypressTree Investment Management, which manages $2.4 billion of leveraged loans, according to people familiar with the situation.
(May 12, 2009)
Investment Officer at Stanford Group Is Indicted (New York Times)
The investment officer, Laura Pendergest-Holt, was indicted for conspiring to obstruct a federal investigation.
(May 12, 2009)
Investment Officer at Stanford Group Is Indicted (New York Times)
A federal grand jury in Houston has indicted the chief investment officer for the companies owned by the Texas financier Robert Allen Stanford, accusing her of obstructing the government’s investigation in a fraud case.
(May 12, 2009)
Foreign investment, trade topic of lunch meeting (The Press-Enterprise)
Four local agencies with an interest in bringing foreign investment and international trade to the Inland region will join together this week to promote that goal. The Inland Empire Economic Partnership, San Bernardino County, Riverside County Economic Development Agency and the city of Riverside will hold a lunch marking World Trade Month on Thursday at the Riverside Marriott.
(May 13, 2009)
Legislators take aim at investment practices (Santa Fe New Mexican)
Legislators said Tuesday they will try to pass laws forcing Gov. Bill Richardson's administration to shake up boards and councils that oversee huge state investment funds.
(May 13, 2009)
Dexia First-Quarter Profit Falls 13% on Investment Losses (Bloomberg)
May 13 (Bloomberg) -- Dexia SA , which received government funds last year to avert a collapse, said first-quarter profit fell 13 percent, a smaller decline than analysts estimated, hurt by investment losses and markdowns.
(May 13, 2009)
Dexia Profit Declines 13% on Investment Losses (Update1) (Bloomberg)
May 13 (Bloomberg) -- Dexia SA , the world’s largest lender to local governments, said first-quarter profit fell 13 percent, a smaller decline than analysts estimated, hurt by investment losses and markdowns.
(May 13, 2009)
Regulator issues warning about four investment firms (Irish Examiner)
The Financial Regulator has issued a warning about four investment firms operating illegally in Ireland.
(May 13, 2009)
Madoff trustee sues another investment fund (Miami Herald)
The trustee overseeing the liquidation of disgraced financier Bernard Madoff's assets sued another investment fund on Tuesday, claiming it owes Madoff's victims more than $1 billion it withdrew from his firm.
(May 13, 2009)
Dexia Profit Declines 13% on Investment Losses (Update1) (Bloomberg)
May 13 (Bloomberg) -- Dexia SA , the world’s largest lender to local governments, said first-quarter profit fell 13 percent, a smaller decline than analysts estimated, hurt by investment losses and markdowns.
(May 13, 2009)
Health Care Investment Firm Opens for Business (New York Times)
Bio Equity Risk Management , a boutique health care investment firm, announced its opening Tuesday.
(May 13, 2009)
'green' investment to fall (BigPond News)
Investment in 'green' technologies is set to plummet by 48 per cent, the IEA says.
(May 13, 2009)
Stanford Chief Investment Officer Charged with Obstruction, Conspiracy (Wall Street and Technology)
A grand jury in Houston indicted Laura Pendergest-Holt, the former chief investment officer of Stanford Financial Group, on obstruction and conspiracy charges related to an $8.5 billion fraud, federal prosecutors said Tuesday.
(May 13, 2009)
GMP profit drops 66% in investment banking slump (National Post)
GMP Capital Trust, Canada’s second-biggest independent brokerage, said first-quarter profit fell 66% on a slowdown in investment-banking transactions.
(May 13, 2009)
Nabucco investment decisions in 2010 (UPI)
BRUSSELS, May 13 (UPI) -- Investment decisions on the $10.7 billion Nabucco gas pipeline from Asia to Europe are expected in early 2010 following the completion of government agreements.
(May 13, 2009)
Ferro, Isramco and Walter Investment Management lead small-cap percentage gainers (SmallCapInvestor.com via Yahoo! Finance)
Ferro Corp. , Isramco Inc. and Walter Investment Management Corp. are among the biggest percentage gainers in Wednesday's trading among companies with market...
(May 13, 2009)
Vanda Pharmaceuticals, Lannett and Walter Investment Management among 52-week highs (SmallCapInvestor.com via Yahoo! Finance)
Vanda Pharmaceuticals Inc. , Lannett Co Inc. and Walter Investment Management Corp. are among the new 52-week highs in Wednesday's trading among companies...
(May 13, 2009)
Fortress Investment to sell $125M worth of shares (AP via Yahoo! Finance)
Fortress Investment Group LLC said Wednesday it aims to raise $125 million through a stock offering and use the proceeds to repay debt.
(May 13, 2009)
Foreign investment falls in China (Perth Now)
FOREIGN direct investment into China slipped sharply for the seventh straight month in April, as the global slump deterred investors.
(May 14, 2009)
Aegon Reports Third Net Loss on Writedowns, Investment Declines (Bloomberg)
May 14 (Bloomberg) -- Aegon NV , the insurer that got a 3 billion-euro ($4.11 billion) lifeline from the Dutch government last year, posted a third consecutive quarterly loss on writedowns and investment declines.
(May 14, 2009)
