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Investment News 08/2009 (Page 8)



Entire apartment investment team leaves CB Richard Ellis (BizJournals)
A multifamily investment sales team led by Craig LaFollette left CB Richard Ellis Inc. last week to join Holliday Fenoglio Fowler LP, creating a local apartment group for the firm.
Sale of Leeds office park 'is sign of investment deals returning' (Yorkshire Evening Post)
A Leeds office park has been sold by property consultants in a multi-million pound investment deal.
2nd batch of investment projects launched in Baghdad (Zawya)
23 August 2009 BAGHDAD: The Baghdad Mayoralty said on Sunday that it launched the second batch of proposed investment projects in the Iraqi capital at a cost of five billion Iraqi dinars.
My Dumbest Investment (Tulsa World)
My dumbest investment was to succumb to management pressures to not exercise my stock options and sell stock when my employer's stock was at a peak. Although I came out all right in the end, my net worth ...
Dong Thap: an attractive investment destination (Việt Nam News)
DONG THAP — Dong Thap’s greatest potential for attracting investments is human resources, that is why the province must find ways to boost developments in this field, Deputy Prime Minister Nguyen Sinh Hung said at a Saturday investment promotion workshop for the Mekong province.
Taiwan's UMC plans T$1.5 bln investment company (Reuters via Yahoo! Asia News)
TAIPEI, Aug 24 (Reuters) - Taiwan's UMC <2303.TW>, the world's second-largest contract chip maker, said on Monday its board approved a plan to set up a new wholly-owned investment company.
Sumitomo Mitsui to Start Investment Banking Unit (Update1) (Bloomberg)
Aug. 24 (Bloomberg) -- Sumitomo Mitsui Financial Group Inc., Japan’s second-largest bank by market value, said it plans to form an investment banking unit in the nation by hiring bankers including Masuo Fukuda and Taro Hayashi from Citigroup Inc.
Mexico's Jan-Jun Foreign Direct Investment $9.98 Billion Ministry (Nasdaq)
MEXICO CITY -(Dow Jones)- Foreign direct investment in Mexico fell in the first half of the year to $9.98 billion from around $13 billion in the first half of 2008, the Economy Ministry reported.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $1.55 or .9 percent, to $165.06. Morgan Stanley rose $.54 or 1.8 percent, to $30.23.
Verizon Wireless Surpasses $1 Billion Network Investment in Indiana (redOrbit)
INDIANAPOLIS, Aug. 24 /PRNewswire/ -- Verizon Wireless today announced that it has surpassed the $1 billion milestone in its wireless infrastructure investment in Indiana.
Offbeat investment appreciates as it sours (Reuters via Yahoo! Philippines News)
* Vinegar investment targets 200-300 pct returns in 5 yrs * Baerg Marti chief says returns supported by active market
Amlin first half boosted by rising investment returns (Business Insurance)
LONDON (Reuters)—Lloyd's of London insurer Amlin P.L.C. reported a better-than-expected 29% increase in its half-year profit as its investment returns more than doubled, thanks to stronger financial markets.
Deja Vu: Investment Banks Recycling Mortgages (NPR)
In recent months investment banks have been repackaging old mortgage securities and offering to sell them as new products, a plan that's nearly identical to the complicated investment packages at the heart of the market's collapse.
Capital Investment Cos. teams up with Select Bank and Trust (BizJournals)
Capital Investment Cos., a Raleigh-based financial services and brokerage firm, has signed a partnership agreement with Greenville-based Select Bank and Trust to provide the community bank with brokerage, money management, insurance, estate planning and trust services.
American Capital shares tumble after S&P cuts investment firm's credit rating (Minneapolis-St. Paul Star Tribune)
BOSTON - Shares of American Capital Ltd. tumbled on Monday after Standard & Poor's Ratings Services lowered debt ratings for the investment firm, citing concerns over debt and earnings performance.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $2.29 or 1.4 percent, to $165.80. Morgan Stanley rose $.71 or 2.4 percent, to $30.40.
Nimble Investment House Picks Up The Pieces After Bank Failures (Investor's Business Daily via Yahoo! News)
Historic collapses, shotgun mergers and bailouts dominated headlines last year as Wall Street said goodbye to some of its biggest investment banks, toppled by the worst financial crisis in the post-war era.
Nimble Investment House Picks Up The Pieces After Bank Failures (Investor's Business Daily via Yahoo! Finance)
Historic collapses, shotgun mergers and bailouts dominated headlines last year as Wall Street said goodbye to some of its biggest investment...
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were down at the close of trading: Goldman Sachs fell $.93 or .6 percent, to $162.58. Morgan Stanley fell $.04 or .1 percent, to $29.65.
Mexico Regulators Loosen Pension Fund Equity Investment Rules (Nasdaq)
MEXICO CITY -(Dow Jones)- Mexico's compulsory pension savings industry now has greater flexibility to invest in equities under a change to their investment regime by financial system regulators.
$250,000 Investment In Hartford Tech Company (Hartford Courant)
Connecticut Innovations, the state's technology investment arm, has made its third investment in Keisense Inc., $250,000 to a Hartford firm that makes applications for mobile devices, Internet-connected TVs and gaming consoles.
Bangkok Post : Retailers see investment dip in 2010 (Bangkok Post - Thailand's English news)
New investment in the retail sector next year is expected to decline by 10-20% from this year due to stricter regulations, especially the new retail law expected to be approved by the cabinet next month, said the Thai Retailers Association (TRA).
Commercial real estate investment firm moves from Bay Area to Reno (Reno Gazette-Journal)
Commercial real estate investment group Basin Street Properties will relocate its corporate headquarters from Petaluma, Calif., to downtown Reno this week.
Country Garden Net Income, Excluding Investment Gain, Declines (Bloomberg)
Aug. 25 (Bloomberg) -- Country Garden Holdings Co., the property developer controlled by China’s richest woman, said first-half profit, excluding an investment gain, fell 5.5 percent as prices of its apartments in China declined.
Pakistan campaigns for investment at international forum in Turkey (Sun-Sentinel)
ISTANBUL (AP) — An international forum in Turkey on Tuesday sought to boost aid and investment in Pakistan as a way to support its democratic institutions and curb violence there.
India PM:Need Foreign Capital To Support Local Investment (Nasdaq)
NEW DELHI -(Dow Jones)- India needs sustained foreign capital inflows to support domestic investment, Prime Minister Manmohan Singh said Tuesday.
Thai IRPC plans $1.2 bln investment by 2014 (Reuters via Yahoo! Singapore News)
* Sets $1.2 bln in five-year investment plan
Bank Notes | BofA investment banker Tom Sittema leaving (The Charlotte Observer)
One of Bank of America Corp.'s better-known Charlotte investment bankers is leaving for a position at a Florida-based real estate and development company, the bank announced internally Monday.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $2.32 or 1.4 percent, to $164.90. Morgan Stanley rose $.75 or 2.5 percent, to $30.40.
China Life Profit Rises as Investment Returns Climb (Update2) (Bloomberg)
Aug. 25 (Bloomberg) -- China Life Insurance Co. , the world’s biggest life insurer by market value, said first-half profit rose as a rebound in the nation’s stock market lifted investment returns.
China Life Boosts First-Half Profit With Investment Returns (Bloomberg)
Aug. 26 (Bloomberg) -- China Life Insurance Co. , the world’s biggest life insurer by market value, said first-half profit rose from investment returns, and the company will seek opportunities to boost income from securities holdings.
NY prosecutors accuse investment banker of fraud (WCAX-TV Vermont)
Associated Press - August 25, 2009 12:55 PM ET NEW YORK (AP) - Federal authorities in New York have arrested an investment banker on charges he lied to Citibank to get a $74 million...
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $2.33 or 1.4 percent, to $164.91. Morgan Stanley rose $.58 or 2.0 percent, to $30.23.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $2.36 or 1.5 percent, to $164.94. Morgan Stanley rose $.54 or 1.8 percent, to $30.19.
NY prosecutors accuse investment banker of fraud (AP via Yahoo! News)
A wealthy investment banker and prominent fundraiser for President Barack Obama, Hillary Clinton and other top Democrats was arrested Tuesday on charges he lied to get a $74 million business loan that — once confronted by authorities — he hastily repaid.
NY prosecutors accuse investment banker of fraud (AP via Yahoo! Finance)
A wealthy investment banker and prominent fundraiser for Hillary Clinton and other top Democrats was arrested Tuesday on charges he lied to get a $74 million business loan.
China Life Boosts First-Half Profit With Investment Returns (Bloomberg)
Aug. 26 (Bloomberg) -- China Life Insurance Co. , the world’s biggest life insurer by market value, said first-half profit rose from investment returns, and the company will seek opportunities to boost income from securities holdings.
China Life says first-half profit up 15 percent on surge in investment income, higher premiums (The Washington DC Examiner)
BEIJING — China Life Insurance Co., the country's biggest insurer by premiums, said Wednesday its first-half profit rose 15 percent from a year earlier on a surge in investment income and higher premiums.
Investment-Grade Composite Spread Tightens To 246 Basis Points (Thaipr.net)
Standard & Poor's investment-grade composite spread tightened yesterday by 2 basis points (bps) to 246 bps, while its speculative-grade counterpart expanded by the same increment to 831 bps. By rating
International Investment Bank announces its 1st half 2009 results (AME Info)
International Investment Bank (IIB), a globally focused investment bank based in the Kingdom of Bahrain operating in line with Shari'ah principles, today announced its results for the six months ended 30 June 2009.
Foreign investment falls 78% (Vietnews Online)
Foreign direct investment (FDI) promised to Vietnam between January and August fell 78 percent from the same period last year to US$10.45 billion, the Foreign Investment Agency announced on Tuesday.
Thermax-SPX JV to have combined investment of 250 mln (Reuters via Yahoo! Malaysia News)
PUNE, India, Aug 26 (Reuters) - The joint venture between engineering firm Thermax Ltd and U.S. firm SPX Corp will have initial combined investment of 250 million rupees, M S Unnikrishnan, managing director, said on Wednesday.
Silverstone looks for investment (BBC News)
Silverstone officials are given power to seek outside investment for the first time in 38 years to try and win back the British Grand Prix.
Silverstone to seek outside investment (ITV.com)
The BRDC has given the green light to venue's board to seek commercial investment which could help British GP return.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $.20 or .1 percent, to $164.74. Morgan Stanley fell $.31 or 1.0 percent, to $29.88.
Orissa clears investment proposals worth of Rs 16,312 cr (The Economic Times)
Orissa government on Wednesday approved an investment of Rs 16,312 crore, including those proposed by Hindalco Industries and Rashmi Cement, in aluminium, cement and power sectors, official sources said.
Investment chief for NC pension funds resigns (AP via Yahoo! Finance)
The chief investment officer managing North Carolina's $60 billion in pension funds has resigned from her lucrative post, State Treasurer Janet Cowell announced Tuesday.
Total to Retain ‘Big Position’ in Norway, Keep Investment Level (Bloomberg)
Aug. 26 (Bloomberg) -- Total SA, Europe’s third-largest oil company, will retain a “big” position in Norway and expects to keep investment levels in the Scandinavian nation steady at around 8 billion kroner ($1.3 billion) next year.
SKorean investment in US (AP via Yahoo! Finance)
Direct Korean investment in the United States: --- -- 2003: $1.4 billion -- 2004: $5.3 billion -- 2005: $6.1 billion -- 2006: $9.1 billion -- 2007: $13.1 billion --- (Source: U.S. Bureau of Economic Analysis)
FDIC staff propose easing bank investment rules (Reuters via Yahoo! News)
U.S. banking regulators were considering on Wednesday whether to ease rules applying to private investment in troubled banks.