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Investment News 07/2009 (Page 3)

Nasdaq and Claremont Investment to launch index (AP via Yahoo! Finance)
The Nasdaq OMX Group Inc. and Claremont Investment Partners said Tuesday they have agreed to introduce an index for large-cap companies based on Claremont's patented investment process.
Change in R.I. law makes selling an investment more costly (The Providence Journal)
If you're thinking about selling an asset that you've held for investment - such as land, mutual fund shares or stock - heads up:
Investment funds eye BBMG Hong Kong IPO -report (Reuters via Yahoo! Asia News)
HONG KONG, July 8 (Reuters) - BBMG Corp, one of China's top construction materials makers, is set to attract five cornerstone investors in its initial public offering of shares in Hong Kong, including three investment funds, a newspaper reported on Wednesday.
Dallas investment group buys the former Foley’s anchor space at Six Flags Mall (Fort Worth Star-Telegram)
A Dallas investment group, aiming to protect money it loaned to the former owner of Six Flags Mall this year so he could buy the vacant Foley’s there, has instead acquired the two-story space.
Q&A with Aubrey K. McClendon: Innovative cancer treatment attracted large investment (The Oklahoman)
Innovative cancer treatment attracted large investmentQ: McClendon Venture Co. LLC has invested $70 million in ProCure Treatment Centers, including $35 million in 2006 and another $35 million in 2008. Is that correct?A: I would prefer not to get into specific amounts, but generally speaking, your numbers are in the ballpark.Q: Why did you feel you had to make this investment?A: I certainly did ...
3i Investment Proceeds Drop, Net Debt Reduced (Fox News)
3i Investment Proceeds Drop, Net Debt Reduced
Stability in Africa will bring investment, says Obama (Independent Online)
US President Barack Obama has told African nations they need to clean up corruption and end political instability to attract the investment needed to prosper.
Quinlan to step down from investment group (RTÉ News)
Quinlan Private has announced that its founder and chairman Derek Quinlan is to retire as chairman and partner from the property investment group. The 61 year old has led the group since it was created over 20 years ago.
Energy Investment Firm Busted For Big Ponzi Scheme (Fox News)
Energy Investment Firm Busted For Big Ponzi Scheme
Weakening IP Would Threaten R&D Investment (Medical News Today)
A proposal to dramatically weaken intellectual property legislation could lead to the loss of thousands of high-skill jobs and millions of dollars of global investment in Australian R&D, Medicines Australia chief executive Ian Chalmers said today.
Trilliant Exploration Closes $2.42 Million Investment (Marketwire)
Investment Capitalizes Trilliant's Plans to Develop New Properties
Investment pledge target stays (BusinessWorld Online)
THE TRADE department is keeping its projection this year of a 3.8% growth in investment pledges, despite a drop in the first quarter, a Cabinet official told reporters yesterday.
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 $1.87 or 1.3 percent, to $140.67. Morgan Stanley rose $.01 or percent, to $26.16.
SouthWest NanoTechnologies Inc. Garners $3 Million Investment for Carbon Nanotube Products (Marketwire)
NORMAN, OK--(Marketwire - July 8, 2009) - SouthWest NanoTechnologies Inc. (SWeNT), a leading developer and manufacturer of Single-wall Carbon Nanotubes and Specialty Multiwall Nanotubes will receive up to a $3 million equity infusion from the Insight Technology Capital Partners, LP, (Insight) a Growth Capital Fund based in Troy, Michigan. SWeNT will use the proceeds from this equity investment ...
UK space science innovation brings inward investment (EurekAlert!)
( Science and Technology Facilities Council ) Harwell Science and Innovation Campus in Oxfordshire is set to become the European center of a major international organization, and with it bring investment into the UK economy, thanks to the innovative, world-leading science of space spin out company Orbital Optics Ltd.
Ivanhoe Mines Ltd.: Statement Regarding Oyu Tolgoi Draft Investment Agreement (Marketwire)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2009) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) is aware of a number of news reports and commentaries published in Mongolia and in some international media in recent days that have speculated on developments regarding the status and provisions of the revised draft Investment Agreement for Ivanhoe Mines' Oyu Tolgoi copper-gold project in ...
Citigroup Names McGuire as Head for Global Investment Banking (Bloomberg)
July 8 (Bloomberg) -- Citigroup Inc. named Raymond McGuire to head its global investment banking after Alberto Verme , co- head of the unit, became co-chief executive officer for the Europe, Middle East and Africa region.
Websense, Orexigen Therapeutics and Pzena Investment Management lead small-cap percentage losers (SmallCapInvestor.com via Yahoo! Finance)
Websense Inc , Orexigen Therapeutics Inc and Pzena Investment Management Inc are among the biggest percentage losers in Wednesday's trading among companies...
Buffett Bidder Calls Lunch ‘Investment in Our Future’ (Update1) (Bloomberg)
July 8 (Bloomberg) -- The hedge fund manager that won Warren Buffett ’s annual charity auction said the $1.68 million price for a steak lunch with the billionaire is “an investment in our future” amid the global recession.
Venezuela says it will maintain oil investment (AP via Yahoo! Finance)
Venezuela's state oil company says it will maintain investment and pay off debts despite depressed world crude prices. Oil Minister Rafael Ramirez says that even with oil prices down 59 percent from last year, state-run Petroleos de Venezuela SA will invest $14 billion in 2009.
Investment fund assets slip 0.8% in June (Budapest Business Journal)
Investment funds run by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) dropped 0.8% to HUF 2,465 billion in June from May because of net withdrawals of HUF 20 billion and yields of HUF 1.5 billion, BAMOSZ said on Wednesday.
Afkar Development Investment Co makes strategic growth capital investment in Delta United (Mena Report)
Delta United Contracting Co. ("Delta"), a Saudi based telecom infrastructure service provider announced today that Afkar Development Investment Co. (“Afkar”), a Siraj Capital affiliate, has made a strategic investment in the Company.
New Zealand To Align Investment And Income Tax Rates, (Tax-News.com)
The New Zealand government is proposing to introduce legislation to align resident withholding tax rates on interest and portfolio investment entities (PIE) with recent changes to personal income tax rates and the 30% corporate tax rate.
Perpetual cuts investment in Cons Media (Sydney Morning Herald)
Perpetual Ltd has reduced its investment in Consolidated Media Holdings Ltd, according to a notice filed with the stock exchange.
Regulator issues warning about two investment firms (Belfast Telegraph)
The Financial Regulator is warning consumers not to do business with two investment firms that have been operating illegally in Ireland. Related Stories Talks on electricians' dispute to resume today Kidnapped aid worker contacted by Irish officials Three still in custody in connection with Newry murder Man due in court charged with Belfast murder SIPTU members to picket waste collection firm
CIRC lifts ban on investment-linked insurance (China Daily)
The China Insurance Regulatory Commission (CIRC) recently gave the green light to four domestic insurers to open investment-linked insurance accounts, after a half-year suspension triggered by the mass cancellation of investment-linked insurance policies in the second half of 2008, according to a post on CIRC's website on Tuesday.
Investment law does allow for residence in creation of jobs (New York Daily News)
U.S. immigration law allows for permanent residence directly through investment. For those with the money to invest and no other path to immigrant status, the "employment creation" visa provides a good opportunity.
CEE property investment down 91 pct in first half-CBRE (Reuters via Yahoo! Philippines News)
LONDON, July 9 (Reuters) - Central and Eastern European (CEE) commercial property investment plummeted 91 percent year-on-year to around 560 million euros ($779.5 million) in the first half of 2009 as buyers and sellers hit a stalemate over pricing.
Canadian investment firm revealed as top bid for Buffett lunch (The Toledo Blade)
OMAHA - A Canadian investment firm paid $1.68 million in last month's charity auction to win lunch with billionaire investor Warren Buffett. The Glide Foundation, which receives all the auction proceeds, said yesterday that Salida Capital of Toronto won the auction. Salida Capital CEO Courtenay Wolfe said the auction offered a unique opportunity to sit down with one of the world's greatest ...
Canada improves business investment relative to G7 peers (Investment Executive)
After trailing the average performance of G7 countries for 15 years, Canada's relative business investment performance stands out in a promising light for 2009 and 2010, according to a C.D. Howe institute study released Thursday.
Top award for UK Trade and Investment (The Manila Times)
IN a fitting recognition of the sterling efforts it has taken to encourage many famous retail names from Britain’s high streets to join up with local partners in setting up business in the Philippines, UK Trade and Investment (UKTI) is this year’s recipient of a top industry award in the local franchise sector.
Africa: New Investment Monitoring Tool Aims to Boost Business - UN Agency (AllAfrica.com)
The United Nations and the African Union today launched a new tool, designed in partnership with the Microsoft Corporation, to help map investment flows on the continent and provide business leaders the information they need to make sound decisions.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $3.64 or 2.6 percent, to $142.19. Morgan Stanley rose $.72 or 2.8 percent, to $26.22.
Angola: Participation in G8 Summit Might Attract More Investment (AllAfrica.com)
Luanda — University lecturer Hermenegildo Mateus Mille Bento on Wednesday in Luanda, in an interview to ANGOP, said that Angola's participation in the G8 Summit might attract more foreign investment.
Rwanda: Rush to Business Registrar Thanks to Reforms in Investment Climate (AllAfrica.com)
In the World Bank's annual Doing Business report, which assesses the investment climate in countries worldwide, setting up a business is the first indicator.
Mugabe Appeals For Foreign Investment In Zimbabwe (INO News)
(RTTNews) - In a gesture encouraging foreign investment in Zimbabwe, President Robert Mugabe said laws limiting foreign ownership of businesses had been misunderstood and "Foreign direct investment is most welcomed as it brings new technology, capital and new markets."
Investment Technology Group trading declines (AP via Yahoo! Finance)
Investment Technology Group Inc., a provider of a technology-based trading platform, said Thursday that average daily trading volume fell nearly 12 percent in June.
Customers sue Singapore's DBS over investment loss (Reuters via Yahoo! Asia News)
SINGAPORE, July 10 (Reuters) - More than 200 customershave sued Singapore's DBS Bank, a unit of DBS Group Holdings , in a bid to recover investment losses of around S$17 million ($11.6 million) arising from the collapse of Lehman Brothers, the Straits Times reported on Friday.
Three County Residents Indicted For Investment Fraud (KGTV San Diego)
A federal indictment unsealed Thursday charges three San Diego County residents with operating a $30 million investment fraud scheme.
3 in SD charged in $30M investment fraud scheme (San Diego Union-Tribune)
Three San Diego residents have been indicted on federal charges of operating a $30 million investment fraud scheme.
3 in SD charged in $30M investment fraud scheme (San Francisco Chronicle)
Three San Diego residents have been indicted on federal charges of operating a $30 million investment fraud scheme. The 29-count indictment unsealed Thursday accuses the men who ran Plus Money Premium Return Funds of falsely promising investors that their... Sponsored Topics: San Diego - Investment - California - United States - Counties
Zimbabwe: Investment Conference Attracts 400 Delegates (AllAfrica.com)
Harare — More than 400 people, including delegates from several Western countries, yesterday attended the official opening of the Zimbabwe International Investment Conference in Harare as the country continues with its drive to engage the international community in its economic turnaround programme.
U.S. declares California's IOUs are investment securities (The Sacramento Bee)
California's IOUs were declared investment securities by the U.S. government Thursday, bringing some order to a potentially chaotic market.
China continues investment in Australian mines (Australian Broadcasting Corporation)
The Foreign Investment Review Board will allow a 20 per cent investment by Chinese company Guangdon in Australian base metal miner Kagara.
Fir Tree gets $400 million for mortgage investment (MENAFN)
Fir Tree gets $400 million for mortgage investment
INTERVIEW-Liberian leader to Obama: Africa needs investment (AlertNet)
Source: Reuters * Recession threatens decade of African progress * Investment desperately needed in transportation, power By Lesley Wroughton WASHINGTON, July 10 (Reuters) - Liberian leader Ellen Johnson- ...
CIC Said to Plan Investment in BBMG’s Hong Kong Stock Offering (Bloomberg)
July 10 (Bloomberg) -- China Investment Corp. , the nation’s $200 billion sovereign wealth fund, will invest in cement maker BBMG Corp. ’s initial public offering in Hong Kong, said three people with knowledge of the matter.
S.Korea Hynix to cut new capacity investment by 45 pct (Reuters via Yahoo! Malaysia News)
SEOUL, July 10 (Reuters) - South Korea's Hynix Semiconductor Inc <000660.KS> on Friday said it will reduce investment in a new production facility by 45 percent to 2.1 trillion won ($1.64 billion) and extend the investment period by two years to 2011.
CIC Said to Plan Investment in BBMG’s Hong Kong IPO (Update1) (Bloomberg)
July 10 (Bloomberg) -- China Investment Corp. , the nation’s $200 billion sovereign wealth fund, will invest in cement maker BBMG Corp. ’s initial public offering in Hong Kong, said four people with knowledge of the matter.
Shun U.S. Treasuries for Bunds, Says DWS Investment (Update1) (Bloomberg)
July 10 (Bloomberg) -- DWS Investment GmbH, Germany’s biggest mutual fund manager, is shunning Treasuries and buying bunds in a bet that President Barack Obama ’s record fundraising makes owning U.S. government debt too risky.