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Investment News 10/2009 (Page 2)



Kuwait's troubled Investment Dar appoints a restructuring officer (The San Francisco Examiner)
KUWAIT CITY — The Kuwait Islamic investment firm that owns half of British luxury car maker Aston Martin says it has appointed a chief officer to restructure its debts.
Aston Villa chairman Lerner seeking fresh investment (tribalfootball.com)
Aston Villa chairman Randy Lerner is seeking a new investment partner. read more
Rio rewrites own investment rules (The Age)
Rio Tinto has broken with decades of tradition by ending the practice of allowing its chairman to run the company's all-important investment committee.
Jewelry investment made easy at Metro (Sun Star)
ACQUIRING jewelry is considered to be a bankable form of investment. read more
Oct. 6: Bergen County Model Investment Club (The Record and Herald News)
Bergen County Model Investment Club, meeting, 7 p.m., Closter Public Library, 280 High St. Free. E-mail [email protected] Bergen County Model Investment Club, meeting, 7 p.m., Closter Public Library, 280 High St. Free. E-mail [email protected]
Investment advisors becoming more optimistic (AP via Yahoo! Finance)
A new survey suggests that independent investment advisers are becoming more optimistic about the economy. Online brokerage TD Ameritrade of Omaha says roughly half of the advisers surveyed have an optimistic outlook about the economy in the next three months.
I gave in to the rush and risk: Canary Wharf investment banker (Times Online)
As one of Canary Wharf’s investment banking high-fliers, Adrian, in his early 30s, had always been good at making and moving money. But the intuition that took him through a degree in computer science to a six-figure salary dissolved under the thrill of high-stakes gambling.
Investment banks set for bonus curb talks (Independent)
International investment banks are preparing for a call from the Treasury in the coming days, hauling them in for meetings to sign up to proposals curbing excessive bonuses for their top staff.
3 more investment firms approved for asset program (AP via Yahoo! News)
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
3 more investment firms approved for asset program (San Francisco Chronicle)
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks. The Treasury Department said Alliance Bernstein LP and BlackRock Inc., both headquartered in New... Sponsored Topics: BlackRock - Business - United States Department of the Treasury - AllianceBernstein - Financial Services
3 more investment firms approved for asset program (Bay News 9 Tampa Bay)
Treasury says 3 more investment firms approved for toxic asset purchase program
Gold May Climb as Dollar, Equity Drop Boosts Investment Demand (Bloomberg)
Oct. 5 (Bloomberg) -- Gold, little changed, may rise for a second day as the dollar and stock markets tumbled, boosting demand for the precious metal as an alternative investment.
Go Airlines Executive: Not Proceeding With Investment Proposals (Nasdaq)
MUMBAI -(Dow Jones)- Go Airlines (India) Pvt. Ltd. has received offers for investment, but its board has decided not to proceed with any of the proposals now, the budget carrier's managing director, Jeh Wadia, said late Sunday.
Gold Advances as Dollar, Equity Drop Boosts Investment Demand (Bloomberg)
Oct. 5 (Bloomberg) -- Gold rose for a second day in Asia as the dollar and stock markets tumbled, boosting demand for the precious metal as an alternative investment.
Sal. Oppenheim investment bank sale delayed-sources (Reuters via Yahoo! Singapore News)
* Investment bank sale no longer seen in October - sources
Mandelson urges Japan to raise inward investment (Reuters via Yahoo! UK & Ireland News)
Business Secretary, Peter Mandelson, said on Monday he had urged Japan's prime minister to allow more foreign direct investment, saying it would boost the Japanese economy.
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 $3.03 or 1.7 percent, to $182.64. Morgan Stanley rose $.33 or 1.1 percent, to $29.79.
Nigeria : Country Needs U.S.$25 Billion Investment in Telecom - Wood (AllAfrica.com)
The chief executive officer, Brymedia West Africa Limited, Mr. Adrain Wood, has said that for Nigeria to realise its dream of being among 20 industrialised nations by the year 2020, there must be an investment in excess of $25 billion in telecommunications sector.
Community Development Block Grant, HOME Investment Partnerships Program Application Workshop (The Somerset Reporter)
SOMERVILLE – Potential applicants for 2010 Community Development Block Grant (CDBG) and HOME Investment Partnerships Program funds through the Somerset County Community Development Office are invited to an Application Workshop on Wednesday, October 14, at 10 a.m. on the first floor of the Human Services Building at 27 Warren St. The purpose of the grant funds is to develop viable communities by ...
"In addition to increasing investment, we need to do more with what we have" (Business News Americas)
The toughest drought in recent history has put Mexican federal and state authorities between a rock and a hard place. With financing needs growing and water supplies shrinking, private investment might be the only way out of an increasingly complex situation.
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 $5.17 or 2.9 percent, to $184.78. Morgan Stanley rose $.27 or .9 percent, to $29.73.
Three Additional Investment Firms Join PPIP (Fox News)
The Treasury Department said Monday that three additional investment companies have qualified to participate in the government program to purchase toxic assets from banks.
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 $6.86 or 3.8 percent, to $186.47. Morgan Stanley rose $.38 or 1.3 percent, to $29.84.
Police Search Offices of Connecticut Investment Firm Southridge (Bloomberg)
Oct. 5 (Bloomberg) -- New York and Connecticut police searched the Ridgefield, Connecticut, offices of Southridge LLC , an investment firm. New York City and Ridgefield police officers visited the offices at 90 Grove Street in Ridgefield on Oct. 2 and questioned employees.
Investment Indigestion at Stanford (New York Times)
The university appears to be rethinking an investment strategy that relies on big bets on illiquid assets like real estate.
State investment spurs fast growth at high-tech firm (Orlando Sentinel)
An Orlando company that makes software for Internet telephone systems said Monday that it will use millions of dollars in investment money from the state pension fund to help it double in size during the next two years.
Japan needs to welcome foreign investment, UK says (AP via Yahoo! Finance)
Britain's business secretary urged Japan to ease restrictions on foreign investment and expressed hope in the new government's "internationalist stance."
Rogers Investment Adds Staff for New Asian Private-Equity Fund (Bloomberg)
New York-based Wolver Hill Asset Management Ltd., the investment arm of Rogers Investment, plans to start a private- equity fund with initial capital of as much as $30 million, according to Ed Rogers , chief executive officer of Rogers Investment.
Rogers Investment Adds Staff for Private Equity Fund (Update1) (Bloomberg)
New York-based Wolver Hill, advised by Rogers Investment, plans to start a private-equity fund with initial capital of as much as $30 million, according to Ed Rogers , chief executive officer of Rogers Investment.
GILLETT DEFENDS REDS INVESTMENT (Sporting Life)
Liverpool co-owner George Gillett has defended the investment levels of the current regime and suggested fans should look to manager Rafael Benitez, rather than the club's owners, if the Reds are failing to progress.
Rio Tinto Signs Oyu Tolgoi Investment Deal (Fox News)
Rio Tinto Signs Oyu Tolgoi Investment Deal
Durham deepens investment in Rolling Hills project (The News & Observer)
The City Council unanimously approved another $355,000 for planning the Rolling Hills/Southside redevelopment Monday night, bringing the city's investment for planning up to $745,000.
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 $2.45 or 1.3 percent, to $188.92. Morgan Stanley rose $1.11 or 3.7 percent, to $30.95.
UCBH surges on report of investment from Chinese lender (Reuters via Yahoo! Malaysia News)
Oct 6 (Reuters) - Shares of UCBH Holdings Inc jumped 64 percent following a report by Bloomberg of a possible investment by China's Minsheng Bank <600016.SS> in the struggling lender.
Khazanah, QIA in talks to set up investment fund (Business Times (Malaysia))
DOHA: Efforts are underway by Khazanah Nasional Bhd and the Qatar Investment Authority (QIA) to establish a joint investment fund, said International Trade and Industry Minister Datuk Mustapa Mohamed yesterday.
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 $1.47 or .8 percent, to $187.94. Morgan Stanley rose $1.11 or 3.7 percent, to $30.95.
Azerbaijan seeks $60 billion in new oil investment (UPI)
BAKU, Azerbaijan, Oct. 6 (UPI) -- State Oil Co. of the Azerbaijani Republic President Rovnag Abdullayev said that future oil contracts may provide Azerbaijan $60 billion in foreign investment.
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 $.51 or .3 percent, to $186.98. Morgan Stanley rose $.95 or 3.2 percent, to $30.79.
Rio makes first Chinese investment since Hu affair (The West Australian) (The West Australian)
Rio Tinto has announced its first major investment in China since the Stern Hu spy affair disrupted its dealings in the nation.
Khazanah and others launch new Islamic investment firm (The Edge Daily)
KUALA LUMPUR: Khazanah Nasional Bhd has teamed up with other sovereign investment bodies comprising Brunei Investment Agency (BIA) and Abu Dhabi Investment Council, and the private Saudi-based firm MASIC, a member of the Al Subeaei Group, to form a new Islamic investment firm.
Emerging Markets Report: Rio Olympics light torch of investment plays (Market Watch)
The highly coveted win by Rio de Janeiro to host the Olympics in 2016 opens up a broad range of investment plays in Brazil, analysts say.
Luis Villalobos dies at 70; founded Orange County investment group (Los Angeles Times)
The Newport Beach resident launched Tech Coast Angels in 1997 and was its first president. There are now five chapters from Santa Barbara to San Diego with more than 250 members. Luis Villalobos, who founded Tech Coast Angels, an Orange County angel investment group that expanded throughout Southern California to become one of the biggest in the nation, has died. He was 70.
Britain to raise investment in Vietnam to US$3 bln (Thanh Nien Daily)
Britain will increase its investment in Vietnam to $3 billion in the near future, it was agreed during a meeting between Prince Andrew and Prime Minister Nguyen Tan Dung in Hanoi on Monday.
Australia’s Biggest Companies Lack Investment Plans for Carbon (Bloomberg)
Oct. 7 (Bloomberg) -- Most of Australia’s top 100 listed companies lack investment plans to cope with the country’s proposed emissions reduction laws, a report co-sponsored by Goldman Sachs JBWere Pty shows.
RHB Investment Bank says to get major role in Maxis IPO (The Edge Daily)
KUALA LUMPUR: RHB Investment Bank, Malaysia's fourth-largest bank, is confident of securing a major role in the planned initial public offering of telecom firm Maxis Bhd, a top official said on Wednesday, Oct 7, according to Reuters.
Investment manager wants shot at Sun-Times (Chicago Sun-Times)
A suburban Chicago investment manager claimed Tuesday that he was "wrongly blocked" from meeting with unionized Sun-Times Media Group workers about a potential bid to buy the company -- a move he hopes will get the workers to help him revive his proposal. A bankruptcy-court deadline for other bidders to challenge Chicago businessman James Tyree for the right to buy the Chicago Sun-Times and ...
Brazil Studies Tax Changes for Investment Funds, Estado Says (Bloomberg)
Oct. 7 (Bloomberg) -- Brazil’s government may change tax rules for investment funds, O Estado de S. Paulo reported, citing the Finance Ministry’s economic policy undersecretary Dyogo Oliveira.
RusHydro to boost 2010 investment program (RosBusinessConsulting)
RBC, 07.10.2009, Moscow 16:50:33. Thanks to various loans, RusHydro's investment program for 2010 will be increased by RUB 7bn (approx. USD 235m), acting chairman of the executive board Vasily Zubakin told journalists today.
Why we need an investment policy statement (MalaysiaNews.net)
WHEN we invest, we may engage the services of an investment advisory. One of the most important documents that we need to establish together with the investment advisor is an investment policy stateme...
Iskandar Investment attracts RM4.7b (The Edge Daily)
DUBAI: Malaysia's Iskandar Investment Berhad secured five billion dirhams (RM4.67 billion) investment for the country's Iskandar zone, and is accelerating work on what is planned to be the country's largest economic zone.