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Investment News 09/2009 (Page 3)



Burnley council bosses: Turf Moor executive box ‘a wise investment' (Lancashire Telegraph)
COUNCIL bosses have defended the purchase of Clarets executive box tickets, costing £7,000, claiming it will spark investment in Burnley.
SYGNIS to Present at the 11th Rodman & Renshaw Annual Global Investment Conference (redOrbit)
HEIDELBERG, Germany, September 7 /PRNewswire-FirstCall/ -- SYGNIS Pharma AG (Frankfurt: LIO; ISIN DE0005043509; Prime Standard) announced today that the company will present at the 11th Rodman & Renshaw Annual Global Investment Conference, September 9-11, 2009 at the New York Palace Hotel, New York.
Iraq PM urges increased Russian energy investment (AP via Yahoo! Finance)
Iraq's prime minister has called on Russian companies to increase investment in Iraq during a visit by the Russian energy minister.
Examining the DNA of managed investment schemes (Money Management)
The nature of managed investment schemes has come under close scrutiny in the recent Environinvest case, writes James Lonie.
China Plans To Tighten Rules For Investment In Insurers (Nasdaq)
SHANGHAI -(Dow Jones)- China's insurance regulator said it will tighten rules governing investment in the country's insurance companies, and require any investor planning to own a stake of more than 5% in a Chinese insurer to seek regulatory approval.
CHT hikes stake in Chunghwa Investment for non-operating, overseas investment (Digi Times)
Chunghwa Telecom (CHT) on September 7 announced the acquisition of an additional 40% stake in its joint venture Chunghwa Investment from Taiwan-based Yang Ming Marine Transport at a total price of NT$758.71 million (US$23.1 million), with CHT's stake thus increasing to 89%.
CBK to monitor Investment Dar (AME Info)
The Central Bank of Kuwait has appointed a temporary monitor at Investment Dar beginning on September 8 to monitor the company's activities, KUNA has reported.
Kuwait central bank to monitor troubled investment firm (Zawya)
KUWAIT CITY, Sep 07, 2009 (AFP) - Kuwait's central bank on Monday decided to appoint a temporary administrator to monitor business at Investment Dar, an Islamic company that owns half of British luxury car-maker Aston Martin.
Online gaming firm OKs investment deal (ABS-CBNNEWS.com)
MANILA - The online gaming unit of listed technology firm IPVG Corp. has secured an investment deal with GEM Global Yield Fund Ltd.
Investment trust becomes landlord to 22 charter schools (Seattle Times)
As new landlord to 22 privately operated public schools, an investment trust figures its $170 million will yield a reliable revenue stream.
Chinese Barriers Cooling EU Investment Appetite, Ashton Says (Bloomberg)
Sept. 8 (Bloomberg) -- China must lower trade barriers and do more to protect intellectual-property rights or risk losing foreign investment, European Union Trade Commissioner Catherine Ashton said.
Duvall Investment Group Hires Stubbs to Run Call Center (dBusinessNews.com)
Weyni Stubbs has been hired by Duvall Investment Group, Inc., ( www.duvallinc.com ) which provides homeowners’ and condominium and townhome owners’ association management services for communities and neighborhoods, to run its customer care center.
MAS responds to feedback on sale of unlisted investment products (Channel NewsAsia)
SINGAPORE: The Monetary Authority of Singapore (MAS) said it will ban the use of the term "capital or principal protected", or any form of the term, in all disclosure documents and marketing materials for unlisted investment products sold to retail investors.
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 $3.36 or 2.1 percent, to $166.33. Morgan Stanley rose $.30 or 1.1 percent, to $27.95.
County pension fund hires investment chief (San Diego Union-Tribune)
The county pension fund has made a hefty investment in its new chief investment officer, securing a contract last week with Integrity Capital, led by Lee Partridge, a former manager at an $83 billion Texas teachers retirement fund.
Foreign investment proposals worth Rs.74.61 crore okayed (Calcutta News)
The government Tuesday approved nine foreign investment proposals worth Rs.74.61 crore on the recommendations of the Foreign Investment Promotion Board (FIPB).
Fidelity National Information Services, Inc. To Present at 2009 Citi Investment Research Global Technology Conference (redOrbit)
JACKSONVILLE, Fla., Sept. 8 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE: FIS) will present at the 2009 Citi Investment Research Global Technology Conference in New York, New York on Thursday, September 10, 2009 at 8:40 a.m.
Mix1 Gets $6M Investment (Beverage World)
Mix1 Beverage Co. has closed its first round of institutional funding, with a $6 million investment from the Highland Consumer Fund. The funding will be used to accelerate mix1's ongoing national rollout, the company says.
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 $2.77 or 1.7 percent, to $165.74. Morgan Stanley rose $.19 or .7 percent, to $27.84.
Carlson Capital Hires Jason Karp as Co-Chief Investment Officer (Bloomberg)
Sept. 8 (Bloomberg) -- Carlson Capital LP, a $4.4 billion hedge-fund firm based in Dallas, hired Jason Karp , a former executive of SAC Capital Advisors LP, in the new position of co- chief investment officer, according to a letter sent to investors today.
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 $4.25 or 2.6 percent, to $167.22. Morgan Stanley rose $.15 or .5 percent, to $27.80.
Tearful 'Boots' Del Biaggio sentenced to 8 years for investment scheme (San Jose Mercury News)
William 'Boots' Del Biaggio III, the disgraced Silicon Valley financier, tearfully vowed to repay millions of dollars that he took through phony loans and investment schemes.
U.S. Taxpayers Unlikely to Recover Auto Investment, Panel Says (Bloomberg via Yahoo! News)
Sept. 9 (Bloomberg) -- U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC and were “left in the dark” on specifics of a decision to aid automakers, a congressional panel said.
China's Geely Automobile aiming to bid for Volvo, to pair up with investment partner (The Canadian Press via Yahoo! Canada News)
SHANGHAI, China - Geely Group, one of China's main independent automakers, is considering bidding for Ford Motor Co.'s Volvo Cars unit in alliance with an unnamed investment partner, a company spokesman confirmed Wednesday.
U.S. Taxpayers Unlikely to Recover Auto Investment, Panel Says (Bloomberg)
Sept. 9 (Bloomberg) -- U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC and were “left in the dark” on specifics of a decision to aid automakers, a congressional panel said.
Saudi agricultural investment firm opened (MENAFN)
Saudi agricultural investment firm opened
EBRD Raises Investment To EUR 8 Bln (INO News)
(RTTNews) - The European Bank for Reconstruction and Development decided to raise the investment to EUR 8 billion in 2009, reflecting the continuing effects of the global financial crisis and increased demand for financing.
Finance reshuffle to facilitate public investment (The Nation - Thailand's English news)
Finance Minister Korn Chatikavanij said yesterday that the rotation of high-ranking officials at his ministry was aimed at effectively implementing public investment projects worth Bt1.43 trillion over three years.
New rules to slash investment bank profits -report  (Reuters via Yahoo! UK & Ireland News)
Long-term profitability at U.S. and European investment banks is likely to fall by more than a quarter due to new regulatory measures, analysts at JP Morgan estimated in a report on Wednesday.
Former head of Google China launches $115M investment fund (TechWorld)
Technology fund has backing of big players. Kai-Fu Lee, who left his job as Google's China head last week, launched an angel investment fund on Monday that aims to cultivate three to five new high-tech companies per year in China.
Investment Bank Profits May Drop on Regulations, JPMorgan Says (Bloomberg)
Sept. 9 (Bloomberg) -- Goldman Sachs Group Inc., Barclays Plc and Deutsche Bank AG’s investment banking profit may drop by a third as governments step up regulation of the industry, analysts at JPMorgan Chase & Co. said.
Analysts welcome new steps to regulate investment product sales (Channel NewsAsia)
SINGAPORE: New measures to regulate the sale and marketing of unlisted investment products have been welcomed by analysts.
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 $.98 or .6 percent, to $168.20. Morgan Stanley rose $.27 or 1.0 percent, to $28.07.
Investment group buying downtown Macy’s (BizJournals)
A private U.S. investment group plans to buy the Macy’s in downtown St. Louis for $35 million, The Wall Street Journal reported Wednesday.
'China investment a good idea' (Business Times (Malaysia))
"From a general standpoint, I think the idea of encouraging Chinese sovereign wealth investment, or corporate investment, in Malaysia is a very good one," Nazir, who is the chief executive officer of CIMB Group Holdings Bhd, told reporters after the launch of its new consumer banking headquarters in Kuala Lumpur.
Sector Snap: Investment banks (AP via Yahoo! News)
The revenue from fixed income and trading sales that drove Goldman Sachs Group Inc.'s hefty second-quarter profit is also going to power second-half earnings, said Janney Montgomery Scott Securities, upgrading the investment bank to "Market Outperform" from "Market Perform."
Hormats Pledges Focus on China Rights, Iran Investment at State (Bloomberg)
Sept. 9 (Bloomberg) -- Robert Hormats , a Goldman Sachs Group Inc. executive nominated for a top State Department economic post, said today he would raise human rights concerns with China and discourage international investment in Iran.
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 $3.05 or 1.8 percent, to $170.27. Morgan Stanley rose $.75 or 2.7 percent, to $28.55.
Investment Real Estate Trust 1Q FFO up 3 percent (AP via Yahoo! Finance)
Investment Real Estate Trust said Wednesday its fiscal first-quarter funds from operations rose 3 percent, despite the weak U.S. real estate market.
Investment lawsuit is a court-ordered mystery (Minneapolis-St. Paul Star Tribune)
The Star Tribune seeks to unseal legal documents related to a controversial foreign currency investment strategy.
Kimberley heritage listing an 'investment deterrent' (ABC via Yahoo!7 News)
The Association of Mining and Exploration Companies (AMEC) says national heritage listing the Kimberley would deter investment in the region and further disadvantage local communities.
The Color of Money: Playing Investment Games With Life and Death (Washington Post)
Even in the best of times, some investors are always looking for that golden, seemingly risk-free investment that will net them fabulous returns.
China House Prices Climb as Sales, Investment Surge (Update2) (Bloomberg)
Sept. 10 (Bloomberg) -- China’s house prices in 70 cities rose 2 percent in August, double the gain in July, after sales and investment surged. The increase in prices from a year earlier was the fastest in 11 months, according to a National Bureau of Statistics report on its Web site today.
Investment Bank Profits May Drop on Regulations, JPMorgan Says (Bloomberg)
Sept. 9 (Bloomberg) -- Goldman Sachs Group Inc., Barclays Plc and Deutsche Bank AG’s investment banking profit may drop by a third as governments step up regulation of the industry, analysts at JPMorgan Chase & Co. said.
Daiwa to Buy Out SMFG, Ending Investment Bank Venture (Update1) (Bloomberg)
Sept. 10 (Bloomberg) -- Daiwa Securities Group Inc., Japan’s second-largest brokerage, will buy out its partner Sumitomo Mitsui Financial Group Inc., ending their 10-year-old investment banking venture, two people familiar with the situation said.
Daiwa to Buy Rest of Investment Bank (New York Times)
In the latest fallout from Citigroup ’s retrenchment in Japan, Daiwa Securities Group , one of the largest brokerage firms in the country, said Thursday that it would buy the stake held by Sumitomo Mitsui Financial Group in their joint venture, the investment bank Daiwa Securities SMBC.
ING Global Investment Strategies Selects Paladyne's ASP Platform (dBusinessNews.com)
NEW YORK - Paladyne Systems , Inc., a leading provider of technology and services to the global hedge fund industry, today announced that ING Global Investment Strategies has successfully implemented the PALADYNE® product suite as its front-, middle-, and back-office solution.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at 10 a.m.: Goldman Sachs rose $.90 or .5 percent, to $171.17. Morgan Stanley fell $.17 or .6 percent, to $28.38.
Book Review: Investment Opportunities for a Low Carbon World (SocialFunds.com)
By Robert Kropp. Thirty-one contributors to collection of essays edited by Will Oulton of FTSE Group analyze low-carbon technologies and related investment opportunities.
Livestock Investment Grant Program Revived (5 Eyewitness News St. Paul)
The Minnesota Department of Agriculture is bringing back one of its most popular recent offerings - the Livestock Investment Grant Program.