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Investment News 10/2009 (Page 5)



Progressive Swings to Profit on Investment Gains (Update1) (Bloomberg)
Oct. 14 (Bloomberg) -- Progressive Corp ., the first of the 10 largest U.S. auto insurers to report third-quarter results, it earned $269.9 million on investment gains.
Grainger profit rises on investment gain (Market Watch)
Grainger Inc. reports a slight improvement in third-quarter profit on the back of a one-time investment gain but the company cautioned that tough times still lie ahead.
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 $3.46 or 1.8 percent, to $190.69. Morgan Stanley rose $.76 or 2.4 percent, to $31.90.
JPMorgan’s Investment Bank Rescues Earnings From Loan Losses (Bloomberg)
Oct. 14 (Bloomberg) -- JPMorgan Chase & Co. posted its highest profit since the subprime mortgage market collapsed in 2007, relying on a surge in investment-banking revenue to weather higher losses on consumer loans.
Parsons Investment In Utendahl Fund Could Spell PPIP Profit (Nasdaq)
NEW YORK -(Dow Jones)- Citigroup Inc. (C) Chairman Richard Parsons could profit from a government bank-aid program through an investment in a private firm called Utendahl Capital Management LP where his son serves as chief operating officer.
JPMorgan Sets Aside $353,834 for Each Investment Bank Worker (Bloomberg)
Oct. 14 (Bloomberg) -- JPMorgan Chase & Co. , the second- largest U.S. bank, set aside $8.79 billion for compensation and benefits for its investment-bank employees in the first nine months of 2009, enough to pay $353,834 to each.
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 $5.46 or 2.9 percent, to $192.69. Morgan Stanley rose $1.64 or 5.3 percent, to $32.78.
Conseco up on capital raise, Paulsen investment (AP via Yahoo! Finance)
Shares of insurer Conseco Inc. soared to a 12-month high Wednesday after it announced measures to significantly strengthen its balance sheet, including an $77.9 million investment from prominent hedge fund Paulson & Co.
JPMorgan Sets Aside $353,834 for Each Investment Bank Worker (Bloomberg)
Oct. 14 (Bloomberg) -- JPMorgan Chase & Co. , the second- largest U.S. bank, set aside $8.79 billion for compensation and benefits for its investment-bank employees in the first nine months of 2009, enough to pay $353,834 to each.
China foreign investment up 19 pct in September (AP via Yahoo! Finance)
Foreign direct investment in China continued to recover in September, rising 19 percent from a year earlier to $7.9 billion, the Commerce Ministry said Thursday.
Foreign investment in China up 19 pct in September (AP via Yahoo! Finance)
Foreign direct investment in China rose by nearly a fifth in September, suggesting the country's economic recovery is attracting investment after a lull earlier in the year.
Beverly Hills investment advisor pleads guilty in Ponzi scam (Los Angeles Times)
Michael McCready admits to swindling at least 25 clients out of $9 million. Many of the victims work in the entertainment business and considered themselves friends of McCready. A Beverly Hills investment advisor accused of using millions of dollars from investors to bankroll girlfriends' businesses and finance a movie pleaded guilty Wednesday to federal fraud charges that could lead to 20 years ...
China Foreign Direct Investment Climbs a Second Month (Update1) (Bloomberg)
Oct. 15 (Bloomberg) -- Foreign direct investment in China climbed for a second month in September from a year earlier as the global slump eased. Investment rose 18.9 percent to $7.9 billion, the Ministry of Commerce said at a briefing in Beijing today. That compared with a 7 percent jump in August.
China reports foreign investment, power use rise (AP via Yahoo! Finance)
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum.
CEOs, ag minister call for agricultural investment (AP via Yahoo! News)
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium.
CEOs, ag minister call for agricultural investment (San Francisco Chronicle)
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium. The chief executives of DuPont and Archer Daniels Midland... Sponsored Topics: World Food Prize - Public-private partnership - Archer Daniels Midland - Chief executive officer - Business
CEOs, Ag Minister Call for Agricultural Investment (ABC News)
Business, government leaders call for more investment in agriculture to meet demand for food
CEOs call for global agricultural investment (AP via Yahoo! Finance)
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium in the United States.
China foreign investment, power use rise (AP via Yahoo! News)
China's foreign direct investment and power usage rose in September, in the latest evidence the country's economic recovery is gaining momentum.
CEOs, ag minister call for agricultural investment (AP via Yahoo! News)
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium.
CEOs call for global agricultural investment (AP via Yahoo! Finance)
Greater investment, innovation and improved public-private partnerships are needed to meet the world's growing demand for food, business and government leaders said at the World Food Prize symposium in the United States.
Morgans Hotel gets $75M Yucaipa investment (AP via Yahoo! Finance)
Morgans Hotel Group Co. said Thursday that it received a $75 million investment from a Yucaipa Cos. affiliate that will help bolster its balance sheet.
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 $1.88 or 1.0 percent, to $190.40. Morgan Stanley fell $.39 or 1.2 percent, to $32.44.
Prince Faisal Hints At Further Liverpool Investment (Yahoo! Canada Sports)
Football clubs are certainly an option for the Saudi royal's investment company...
Philippines seeks $5 billion natural gas investment (UPI)
MANILA, Philippines, Oct. 15 (UPI) -- Filipino Energy Secretary Angelo Reyes says the country needs $5 billion in investment in its natural gas sector in the next five years.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at noon: Goldman Sachs fell $3.89 or 2.0 percent, to $188.39. Morgan Stanley fell $.50 or 1.5 percent, to $32.33.
US, China to hold trade, investment talks amid tensions (AFP via Yahoo! News)
The United States and China will hold their annual ministerial talks on trade and investment issues later this month ahead of President Barack Obama's visit to Beijing, officials said Thursday.
Melhado, Investment Adviser, Admits Fraud, U.S. Says (Update1) (Bloomberg)
Oct. 15 (Bloomberg) -- Investment adviser Melhado, Flynn & Associates pleaded guilty to allegations of securities fraud and faces a fine as much as $184 million, prosecutors in Brooklyn, New York, said.
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 $3.65 or 1.9 percent, to $188.63. Morgan Stanley fell $.12 or .4 percent, to $32.71.
Union Tells FCC ‘Net Neutrality’ Rule May Squelch Investment (Bloomberg)
Oct. 15 (Bloomberg) -- The Communications Workers of America , a union with workers at AT&T Inc . and Verizon Communications Inc ., urged U.S. regulators to protect investment and job creation as they craft rules on Internet competition.
Foreign Direct Investment Into Pakistan Fell 58% in 1st Quarter (Bloomberg)
Oct. 16 (Bloomberg) -- Overseas direct investment into Pakistan dropped 58 percent in the first three months of the fiscal year that started July 1, the central bank said.
Coca-Cola opens largest China still beverage investment (Reuters via Yahoo! Asia News)
HONG KONG, Oct 16 (Reuters) - Coca-Cola said on Friday that it has opened a 600 million yuan ($88 million) bottling plant in China, its largest single investment in still beverage production in the country, to meet growing demand from Chinese consumers.
Church of England investment in New York apartment venture at risk report (Daily Telegraph)
The Church of England's investment in a New York apartment complex known as Peter Cooper Village and Stuyvesant Town one of the most highprofile deals of the US property boom is at risk the Wall Street Journal reported.
MINING FINANCE / INVESTMENT (Mineweb)
Goldman Sachs (GS.N: Quote) cut its commodity trading risks in the third quarter, even as oil hit year highs, a sign that Wall Street's top investment bank was more cautious than some rivals in chasing prices on a weak dollar.
Federal-provincial funding to boost international investment opportunities for small businesses (The Telegram)
A combined investment of $1.95 million from the federal and provincial governments will help expand the reach of the Atlantic Canada Venture Gateway — an initiative of Memorial University designed to target international investment opportunities within the business community.
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 $3.47 or 1.8 percent, to $185.16. Morgan Stanley fell $.59 or 1.8 percent, to $32.12.
Divide Widens Between Consumer, Investment Banks: Today's Outrage (TheStreet.com)
Bank of America's loss, in stark contrast to JPMorgan's profit, reflects a growing divide between consumer and investment banks. It's also a reminder that consumer woes cannot be ignored.
Brandon man charged in alleged investment scam (CJOB News First)
A 35 year old man from Brandon is facing charges in an alleged 120-thousand dollar investment scam. Lyle Allan Huber was arrested in September following a lengthy investigation by the RCMP's Winnipeg Commercial Crime Section.
Defendant in alleged Ponzi investment scheme agrees to polygraph test (Crain's Detroit Business)
The former principal of BBC Equities L.L.C., a Southfield investment fund, shot back at the U.S.
Brazil Studies Investment Tax To Counter Strong Real (Nasdaq)
SAO PAULO -(Dow Jones)- Brazil's government is increasingly concerned that heavy investment inflows may be hurting exports by depressing the value of the U.S. dollar against the Brazilian real.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at noon: Goldman Sachs fell $4.42 or 2.3 percent, to $184.21. Morgan Stanley fell $.46 or 1.4 percent, to $32.25.
MGIC Investment shares tumble as 3Q loss widens (AP via Yahoo! Finance)
Mortgage insurer MGIC Investment Corp. reported a steeper third-quarter loss Friday, blaming a weak economy and high unemployment for elevated loan defaults.
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 $4.26 or 2.3 percent, to $184.37.
Delray Beach investment club was Ponzi scheme that stole from Haitian-Americans, prosecutors say (The Palm Beach Post)
A Delray Beach investment club was nothing more than a Ponzi scheme that stole millions from unsuspecting Haitian-Americans, federal regulators and prosecutors charged in federal court this week.
Gambler jailed over $16 million investment scam (Brisbane Times)
A "compulsive" gambler whose high-risk, unregistered investment scheme left mum and dad investors $16 million out of pocket has been jailed for 13 years.
Warburg Pincus Completes Investment In Webster (Hartford Courant)
New York-based private-equity firm Warburg Pincus has completed its $115 million investment in Webster Financial Corp. becoming the bank's largest shareholder.
Former Citadel Investment Group executives blocked from working on own startup (Chicago Tribune)
Judge hits Mikhail Malyshev, Jace Kohlmeier with injunction over noncompete violation, but only to mid-November Chicago-based hedge fund manager Citadel Investment Group LLC scored a partial victory late Friday in its fight with two former executives who left to form their own securities trading firm.
China's western regions get approximately 300 bln yuan of investment (People's Daily)
China's relatively poor western regions are to receive 296 billion yuan (about 43.3 billion U.S. dollars) of investment through 551 projects signed Friday with investors from both China and abroad. Those deals were sealed at the tenth Western China International Economy and Trade Fair in Chengdu, provincial capital of southwest China's Sichuan Province. The region has 12 provinces, autonomous ...
Investment vital to cope with rising student numbers (Belfast Telegraph)
The Teachers Union of Ireland says student numbers will increase by almost 100,000 in the coming years and investment will be needed to cope with the additional pressures. Related Stories Search for missing man to get underway in Wicklow Second victim of Air Corps crash to be buried today Govt ministers facing pay cuts of up to 20% Man in stable condition after Limerick stabbing Thousands of ...
BIG, El-Barbary Investment Group, Announces Approval of Listing on the Egyptian Stock Exchange (Zawya)
15 October 2009 BIG, El-Barbary Investment Group, global provider of automotive spare parts / specializing in importing automotive spare parts, announced today that the Egyptian Stock Exchange has approved the listing of the company's common stock.