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Investment News 08/2009 (Page 3)



Oil sand extraction a 'toxic' investment (Environmental Data Interactive Exchange)
Taking oil from tar sands could prove a 'toxic' investment for international oil companies amid falling oil prices, experts say
China Investment Corp. Reports 2.1% Loss In 2008 (Fox News)
China Investment Corp. Reports 2.1% Loss In 2008
Tony-Winning Hair Revival Recoups Investment (Playbill)
The Tony Award-winning revival of the sixties rock musical Hair, which plays the Al Hirschfeld Theatre, has recouped its initial investment of $5.76 million, according to Variety.
FCC wants real answers from ISPs on broadband investment (Ars Technica)
Yes, we know—when the FCC puts out a press release (PDF) titled "Columbia Institute for Tele-Information to Conduct Independent Review of Telecom Capital Expenditures to Assist FCC," the eyeballs begin to glaze and the limbs feel suddenly heavy. But this one's worth rousing the brain for, because the FCC announcement means that the agency is taking a close look at just how much investment ISPs ...
Merrill Hires Life Sciences Investment Banker (New York Times)
Bank of America Merrill Lynch said Friday that it has hired Benjamin Perkins, the head of Pacific Growth Equities' life sciences investment banking team, as a managing director in its San Francisco office.
Boeing names chief investment officer (AP via Yahoo! Finance)
Boeing Co. said Friday it promoted Andrew Ward to serve as its new chief investment officer. Ward, 38, will oversee $65 billion in retirement assets for about 550,000 beneficiaries, the plane maker said in a release.
Soleran uses $500,000 investment to hire, move out of incubator (BizJournals)
Spurred by a $500,000 investment in late June, Soleran LLC is hiring eight new full-time employees and moving into more permanent office space.
U.S. Century Bank gets $50M TARP investment (BizJournals)
Doral-based U.S. Century Bank accepted a $50.2 million investment from the U.S. Department of the Treasury’s Troubled Asset Relief Program (TARP) and plans to use the money to increase lending and expand.
BNP Paribas Pays Investment Bankers Less Than Goldman, Morgan (Bloomberg)
Aug. 7 (Bloomberg) -- BNP Paribas SA ’s 1 billion-euro ($1.4 billion) bonus pool is sparking criticism from French politicians even though it’s dwarfed by payouts at the biggest U.S. investment banks.
Parrot Nearly Wins Online Investment Contest (Fox News)
A five-year-old female parrot named Strawberry nearly won an online investment contest, proving smarter than most of the human competitors.
Growth in Sarawak investment portfolios tops expectations: CIMB (Business Times (Malaysia))
CIMB Private Banking said it sees Sarawak as an interesting market, but the phenomenal growth in the investment portfolios of high-net-worth individuals in Sibu was beyond its expectation.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $3.10 or 1.9 percent, to $163.65.
Honolulu-based investment fund seeks Japanese government support (Honolulu Advertiser)
Prospect Asset Management Inc., a Honolulu-based investment fund specializing in Japanese property, plans to tap a Japan government fund designed to support the nation's real estate industry.
Cape Girardeau man pleads guilty to investment fraud (KSDK St. Louis)
Cape Girardeau man pleads guilty to investment fraud
'Malaysia's investment environment must improve' (Asia News Network)
Despite talk of a relatively robust recovery among emerging markets, not all is sunny on the local economic front. International investors are questioning Malaysia ’s regional economic competitiveness as they begin to evaluate potential post-crisis investment opportunities in the Asian region.
Women’s investment group (Lone Tree Voice)
Lorena Tankersley, founder of Women Investment Group, has made it her mission to help women increase their financial IQ by increasing their real estate investments. A member of Keller Williams, Park Meadows, she joins the team with both professional and personal experience.
Real estate still a good investment (Zawya)
Dubai: The real estate sector is still a good option for investment, despite the current global economic slump, a top UAE businessman says. "It is believed that [in] the long term business investors could have more than 20 per cent profit if they invest in real estate," Eqbal Al Yousuf, president of Al Yousuf Group Al Yousuf Group , told Gulf News in an exclusive interview.
Investment ‘an issue’ (Gazette Live - Teeside)
THE doomed Swallow Hotel suffered from a lack of investment before it went into administration, Stockton Council’s ruling Cabinet was told this week.
Women’s investment group (Lone Tree Voice)
Lorena Tankersley, founder of Women Investment Group, has made it her mission to help women increase their financial IQ by increasing their real estate investments. A member of Keller Williams, Park Meadows, she joins the team with both professional and personal experience.
India offers attractive investment opportunity in oil and gas: Deora (New Kerala)
Mumbai, Aug 8 : Union Minister for Petroleum and Natural Gas Murli Deora today invited oil, gas exploration and production companies and prospective investors to avail of the investment opportunities being offered by India in the field of on shore and off shore oil and gas exploration.
Beijing Urban Construction Investment & Development's net profit up 15.6% (People's Daily)
Beijing Urban Construction Investment and Development Co., Ltd. announced Saturday it had made a net profit of 185.5 million yuan (27.15 million U.S. dollars) in the first half of the year, up 15.56 percent year on year. Company revenue surged 69.39 percent to 895 million yuan in six months, boosted by the upbeat domestic property market performance, said the developer in its half-year report to ...
Women’s investment group (Lone Tree Voice)
Lorena Tankersley, founder of Women Investment Group, has made it her mission to help women increase their financial IQ by increasing their real estate investments. A member of Keller Williams, Park Meadows, she joins the team with both professional and personal experience.
Gulf General Investment posts $41.94m Q2 profit (MENAFN)
Gulf General Investment posts $41.94m Q2 profit
Securities and Investment Company reports BD1.10m net profit for second quarter 2009 (AME Info)
Bahrain-based Securities and Investment Company (Sico) announced today a net profit of BD1.10m for the second quarter of 2009 compared to a loss of BD167 thousand for the first quarter.
Gulf General Investment Soars to 6-Week High on Profit Increase (Bloomberg)
Aug. 9 (Bloomberg) -- Gulf General Investment Co ., an investment company based in the United Arab Emirates, advanced to the highest in more than six weeks after second-quarter profit rose almost fourfold.
Saudi Arabian Islamic Bond Sales to Rise, Jadwa Investment Says (Bloomberg)
Aug. 9 (Bloomberg) -- Sale of Islamic bonds, or sukuk, in Saudi Arabia will probably rise because companies need alternate funding sources as banks are reluctant to lend and the initial public-offering market is depressed, Jadwa Investment said.
Changing ownerships in Kuwaiti companies vital for investment decisions (MENAFN)
Changing ownerships in Kuwaiti companies vital for investment decisions
Fund's investment consultant moves for changes in its fees (Saipan Tribune)
Merrill Lynch, the investment consultant of the NMI Retirement Fund, wants a 10-basis point increase in its fee as a result of the changes at its main office in the United States.
(AFX UK Focus) 2009-08-09 17:08 UPDATE 1-Kuwait's Global Investment House Q2 loss $101 mln (Interactive Investor)
KUWAIT, Aug 9 (Reuters) - Kuwait's Global Investment House reported a net loss of 29 million dinars ($101.1 million) in the second quarter, on investment losses and losses of associates. Global, which defaulted on most of its debt earlier this year, is among the largest investment companies in the Gulf Arab state to face problems amid tight credit conditions. First-half net loss came in at 98.6 ...
Global Investment House Q2 loss at US$101m (Business Times (Malaysia))
KUWAIT: Kuwait's Global Investment House reported a net loss of 29 million dinars (US$101.1 million) in the second quarter, on investment losses and losses of associates. Global, which defaulted on most of its debt earlier this year, is among the largest investment companies in the Gulf Arab state to face problems amid tight credit conditions. First-half net loss came in at 98.6 million dinars, ...
GPG plays down $A24m investment in Australia’s Ridley Corp (New Zealand's National Business Review)
Guinness Peat Group executive director Gary Weiss wont be drawn on his company’s latest plans to get involved in Australia’s agribusiness sector after taking a 10% stake in salt and stock feed business Ridely Corp. Mr Weiss said GPG was not commenting on the $A24 million investment, announced to the ASX last week, nor on recent talk Ridley might be a target for acquisition by an overseas ...
Canada pushes for Chinese investment (The Age)
Canadian Finance Minister Jim Flaherty said he'll encourage Chinese state-run entities such as China Investment to list shares in Canada or buy stakes in publicly traded companies as the easiest way to avoid investment restrictions against government-run entities.
Football's A Funny Old Investment, Innit (The Motley Fool)
Are football clubs the worst investment ever?
Women’s investment group (Lone Tree Voice)
Lorena Tankersley, founder of Women Investment Group, has made it her mission to help women increase their financial IQ by increasing their real estate investments. A member of Keller Williams, Park Meadows, she joins the team with both professional and personal experience.
C. Mindanao investment opportunities identified (Sun Star)
NEW investment opportunities were identified in Central Mindanao in a bid to accelerate economic growth in the area, officials confirmed on Thursday. read more
7Twelve Life Stage Retirement Investment Folios Now at Folio Investing (PRWeb via Yahoo! News)
Folio Investing and 7Twelve now offer the 7Twelve Life Stage Retirement Portfolios as pre-made investment Folios on the Folio Investing online brokerage web site. Investors can customize these ETF based investment portfolios (Folios) and make their own - similar to mutual funds but they are personalized, tax efficient, and cost less.
Camden Partners & Patton Boggs to Speak About the Future of Healthcare at the 2009 Health Technology Investment Forum (PRWeb via Yahoo! News)
The Institute for Health Technology Transformation announced today that Christopher Kersey, MD, MBA, of Camden Partners and David Farber, JD, of Patton Boggs will present the Town Hall Meeting on the Future of Healthcare at this fall's Health Technology Investment Forum September 22, 2009 at 8:45 in New York City.
Securities & Investment Company announces healthy second quarter profits (Mena Report)
Bahrain-based Securities & Investment Company (SICO) announced today a net profit of BD 1.10 million for the second quarter of 2009 compared to a loss of BD 167 thousand for the first quarter. Net profit for the corresponding period last year was BD2.25 million.
Uganda: Investment Body Turns to Salon Operators (AllAfrica.com)
Kampala — UGANDA Investment Authority (UIA) last week trained salon operators and beauticians in entrepreneurship skills. The five-day training in Kampala was funded by Icelandic International Development Agency (ICEIDA).
S.Korea SK Energy extends HCC investment term to 2016 (Reuters via Yahoo! Singapore News)
SEOUL, Aug 10 (Reuters) - South Korea's top refiner SK Energy <096770.KS> has extended its 1.52 trillion won ($1.24 billion) investment period for its hydrocracking center to June 2016 from June 2011, the company said in a report to the stock exchange.
Foreign investment pledges fall to all-time low in Q1 (ABS-CBNNEWS.com)
P4 billion FDI commitments lowest since 1996; actual inflows lower at P2 billion MANILA - The government has approved only P4 billion in foreign direct investment (FDI) pledges for the first 3 months of 2009, the lowest since the National Statistical Coordination Board (NSCB) started compiling data for committed FDIs in the first quarter of 1996.
M'SIAN ECONOMY IN PRETTY GOOD SHAPE, SAYS INVESTMENT GURU (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Aug 10 (Bernama) -- The Malaysian economy is working out pretty well -- thanks to efforts by the government in initiating a number of measures, said investment guru Dr Mark Mobius today.
Retail Demand Intelligence Revealed As Critical Investment Issue For Retailers, IDC Retail Insights Research Shows (RetailSolutionsOnline)
A new research study published by IDC Retail Insights shows retail demand intelligence (RDI) as the most pressing technological investment issue currently facing retailers. According to the new report, retailers are not only implementing advanced demand-forecasting tools, but are using RDI as a foundational retail technology, tightly integrated with retail planning systems, supply chain ...
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 $.93 or .6 percent, to $162.72. Morgan Stanley rose $.08 or .3 percent, to $31.30.
Flaherty makes investment pitch in China (CBC.ca)
Finance Minister Jim Flaherty is in China pitching Canada's banking system to investment officials in one of the world's most important economies.
Kerala should develop investment culture: Tharoor (Press Trust of India)
Thiruvananthapuram, Aug 10 (PTI) Kerala should strive to develop a positive investment culture to remove the grains of apprehension lurking in the minds of prospective investors, Union Minister of State for External Affairs Shashi Tharoor said today.
Warfordsburg man at center of alleged investment scheme (Chambersburg Public Opinion)
A federal judge froze the assets of a Warfordsburg investment adviser and his firm after the U.S. Securities and Exchange Commission alleged he squandered hundreds of thousands of dollars of his clients' money.
Malaysian trade and investment initiatives (The Nation - Thailand's English news)
Malaysia is taking part in its first major trade fair for fashion products in Bangkok this week, after which it is sending a specialised marketing mission on automotive parts and components as it bids to promote bilateral trade and investment.
EchoStar 2nd-quarter profit more than doubles on investment gain (The San Francisco Examiner)
ENGLEWOOD, COLO. — EchoStar Corp. on Monday reported its second-quarter profit more than doubled on an investment gain that more than offset a decline in revenue.
China's prices continue to fall as investment slows (The Age)
Chinese consumer prices continued to decline last month, while government-funded investment slowed slightly, official data showed today.