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Investment News 11/2009



Done Deals: Mercury Investment moves Downtown (Memphis Commercial Appeal)
Mercury Investment Group has just moved from an 11th floor office east of Midtown to a 23rd-floor office in One Commerce Square in Downtown Memphis. The migration puts the firm's principals, former AutoZone executives Frank Goodman and Bob Hunt, closer to their clients, many of whom are also ex-AutoZoners, Goodman said. Plus, their new, south-facing view is stunning, he said. The Mississippi ...
Records of investment and transaction recovered worth Rs 2,000 cr (New Kerala)
Ranchi, Oct 31: In major raids carried out at residences and offices of former Chief Minister Madhu Koda and two of his close aides at 70 locations across the country, Income Tax officials today recovered documents mainly regarding business investment and hawala transaction worth about Rs 2,000 crore.
Investment advisory committee falls short of required meetings (Lisbon Morning Journal)
LISBON - The board supposed to meet every three months to oversee investment of county tax dollars failed to do so in 2008.
Doolittle & Ganos Investment Counsel Hires Industry Veteran Buzz Brown for Relationship Management and Business ... (PRWeb via Yahoo! News)
Doolittle & Ganos Investment Counsel, LLC has hired Walton E. "Buzz" Brown, Jr. as Director, Relationship Management and Business Development Officer. Mr. Brown will serve in the firm's San Francisco Bay Area theater of operations.
Doolittle & Ganos Investment Counsel Hires Industry Veteran Buzz Brown for Relationship Management and Business ... (PRWeb)
Doolittle & Ganos Investment Counsel, LLC has hired Walton E. "Buzz" Brown, Jr. as Director, Relationship Management and Business Development Officer. Mr. Brown will serve in the firm's San Francisco Bay Area theater of operations. (PRWeb Nov 1, 2009) Read the full story at (link) prweb3143724.htm
Nov. 3: Investment Club (The Record and Herald News)
Bergen County Model Investment Club, meeting, 7 to 9 p.m., Public Library, 280 High St., Closter. Free. E-mail jfsmith@optonline.net. Bergen County Model Investment Club, meeting, 7 to 9 p.m., Public Library, 280 High St., Closter. Free. E-mail jfsmith@optonline.net.
SCORE RECEIVES INVESTMENT PROPOSALS VALUED AT OVER RM90 BLN (Bernama via Yahoo! Malaysia News)
SHAH ALAM, Nov 1 (Bernama) -- The Sarawak Corridor of Renewable Energy (Score), one of five economic corridors being developed in the country, has received investment proposals from foreign companies valued at over RM90 billion.
Ex-Birmingham chairman Gold in investment talks with three clubs (tribalfootball.com)
Former Birmingham City chairman David Gold is in investment talks with three clubs. read more
Investment performance graphs: The bigger picture (Money Management)
A picture may be worth a thousand words but a performance graph can be misleading, warns Robert Keavney. He points out ways fund managers and others can create an artificial impression of investment performance.
(AFX UK Focus) 2009-11-01 16:01 Saudi says dollar role "confused" in oil, investment (Interactive Investor)
KUWAIT, Nov 1 (Reuters) - Saudi Arabia's top monetary official said denominating oil sales in dollars does not necessarily mean that payments from those sales are received in dollars or that investments would be done in dollars either. "The pricing issue has no relationship with the payment issue and doesn't have a relationship with the investment issue," said Muhammad al-Jasser, Governor of the ...
Asean investment agencies teaming up to lure more FDI from outside region (The Nation - Thailand's English news)
Investment-promotion offices across Asean will team up to stage roadshows in all 10 member countries next year in a bid to attract foreign direct investment into the region.
Taiwan to Review Chinese Investment Rules by Year End, CNA Says (Bloomberg)
Nov. 2 (Bloomberg) -- Taiwan will conduct a review of its policies on mainland Chinese investment entering the island by year end, the official Central News Agency reported on its Web site, citing an interview yesterday with Minister of Economic Affairs Shih Yen-shiang.
Colo. targets oil and gas investment firm (UPI)
DENVER, Nov. 1 (UPI) -- Colorado officials are targeting an oil and gas investment company in a $300 million alleged fraud, records indicate.
Asean investment agencies teaming up to lure more FDI from outside region (The Nation - Thailand's English news)
Investment-promotion offices across Asean will team up to stage roadshows in all 10 member countries next year in a bid to attract foreign direct investment into the region.
Woori Investment Said to Plan Hedge Fund With Temasek Holdings (Bloomberg)
Nov. 2 (Bloomberg) -- Woori Investment & Securities Co. plans to set up a hedge fund with Temasek Holdings Pte , Singapore’s government-owned investment company, said two Woori officials.
Keelings investment to create 100 jobs (Irish Examiner)
AN investment of €10 million by Keelings Group in north Dublin will create 100 additional jobs at the group’s fruit growing enterprise.
Score receives investment proposals of over RM90b (The Edge Daily)
SHAH ALAM: The Sarawak Corridor of Renewable Energy (Score), one of five economic corridors being developed in the country, has received investment proposals from foreign companies valued at over RM90 billion.
Mizuho Said to Form Investment Bank in Saudi Arabia (Update1) (Bloomberg)
Nov. 2 (Bloomberg) -- Mizuho Financial Group Inc. , Japan’s third-largest bank by market value, received a license to start offering investment-banking services in Saudi Arabia, said two people familiar with the situation.
Gold Investment Remains Strong, Jewelry Demand Weak -AngloGold (INO News)
JOHANNESBURG (Dow Jones)--Global investment in gold remains strong and the market has stayed buoyant despite the rising price of the metal, helping to offset depressed demand for jewelry in all major markets outside of China, AngloGold Ashanti Ltd. (AU) said Monday.
China commercial banks to boost investment in life insurers (The Edge Daily)
KUALA LUMPUR: Moody’s expects Chinese commercial banks to increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector, popularity of bancassurance and the benefit of diversifying their revenue sources.
Apartment Investment & Management 3Q FFO falls (Newsday)
Apartment Investment & Management 3rd-quarter funds from operations declines; rent falls
CNA Posts Quarterly Net; Investment Losses Narrow (Fox News)
CNA Posts Quarterly Net; Investment Losses Narrow
Loews posts 3Q profit as investment charges drop (AP via Yahoo! Finance)
Loews Corp. reported a third-quarter profit Monday that easily topped analysts' expectations as improving investment and credit markets led to lower impairment charges at its insurance unit, CNA Financial Corp.
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 $1.02 or .6 percent, to $171.19. Morgan Stanley fell $.13 or .4 percent, to $31.99.
UAE plans nuclear investment (Financial Times)
The United Arab Emirates is setting up an investment vehicle to take stakes in the global nuclear industry as it prepares to award a contract to develop the first civilian nuclear plants in the Arab world.
Mercury General posts 3Q profit on investment gain (AP via Yahoo! News)
Auto and home insurer Mercury General Corp. on Monday posted a third-quarter profit in contrast to a year-ago loss, reflecting better investment performance and lower claims paid this year.
Capgemini makes investment in Business Information Management (Consultant News)
3,000 new consultants to support clients’ business intelligence projects around the world. The Capgemini Group has announced a major investment to reinforce its capabilities in Business Information Management (BIM), a set of services that enable enterprises to manage their information lifecycle.
Craigs Investment Partners to market social infrastructure fund (TVNZ)
Craig Investment Partners and Morrison & Co are working on marketing a fund to invest in schools, prisons, hospitals
Mercury General posts 3Q profit on investment gain (San Francisco Chronicle)
(11-02) 09:20 PST LOS ANGELES, (AP) -- Auto and home insurer Mercury General Corp. on Monday posted a third-quarter profit in contrast to a year-ago loss, reflecting better investment performance and lower claims paid this year. Net income... LOS ANGELES - Associated Press - United States - California - Mercury General
GAO: Full recoup of gov't auto investment unlikely (AP via Yahoo! Finance)
Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."
GAO: Full recoup of government auto investment unlikely (USA Today)
Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."
GAO: Full recovery of auto investment unlikely (AP via Yahoo! News)
Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
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 rose $.51 or .3 percent, to $170.68.
Mizuho Sets Up Investment Bank Unit in Saudi Arabia (Update1) (Bloomberg)
Nov. 2 (Bloomberg) -- Mizuho Financial Group Inc. , Japan’s third-largest bank by market value, today opened an investment banking venture in Saudi Arabia.
Nomura Names Peter Meurer Australian Investment Bank Chairman (Bloomberg)
Nov. 3 (Bloomberg) -- Nomura Holdings Inc. named Peter Meurer chairman of its investment banking unit in Australia. Meurer was formerly vice chairman of Citigroup Inc. in Australia, Nomura said in a statement today.
Business Digest: U.S. auto investment probably lost, GAO says (Washington Post)
AUTOMOTIVE Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, U.S. government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
Justices tackle case on investment fees (Washington Post)
Several Supreme Court justices on Monday seemed reluctant to make the courts arbiters of whether mutual fund investment advisers are charging excessive fees for their work on what has become an essential investment tool for Americans.
Investment properties tax changes eyed (Stuff)
Finance Minister Bill English is continuing to signal changes to the tax regime covering investment properties. Speaking on a TVNZ 7 programme to be played tonight, Mr English said there was a need for change.
Investment properties tax changes eyed (Marlborough Express)
Finance Minister Bill English is continuing to signal changes to the tax regime covering investment properties.
St. James’s Place Third-Quarter Sales Rise 2.6% on Investment (Bloomberg)
Nov. 3 (Bloomberg) -- St. James’s Place Plc , the wealth manager majority-owned by Lloyds Banking Group Plc, said third- quarter sales rose 2.6 percent as investment business grew.
JPMorgan shuffles investment banking execs (AsiaOne)
NEW YORK, USA - JPMorgan Chase & Co's recently named investment bank head Jes Staley is putting his stamp on the unit with a reorganization that combines its various fixed income businesses under two co-heads, according to an internal memo.
Allianz May Report Third-Quarter Profit on Investment Income (Bloomberg)
Nov. 3 (Bloomberg) -- Allianz SE , Europe’s biggest insurer, may say third-quarter profit more than doubled as investment income rebounded. Net income probably rose to 1.25 billion euros ($1.85 billion) from 545 million euros a year earlier, according to the median estimate of 18 analysts surveyed by Bloomberg.
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 $.36 or .2 percent, to $170.32. Morgan Stanley fell $.07 or .2 percent, to $31.91.
Venture Investment Fund commits to development (Marlborough Express)
The New Zealand Venture Investment Fund is committing NZ$4 million to a trans-Tasman research commercialisation partnership, created to fund early stage development of new technologies emerging from Auckland University.
Cattle, Hogs Drop as Dollar Rally May Cut Commodity Investment (Bloomberg)
Nov. 3 (Bloomberg) -- Cattle futures dropped for the sixth time in seven sessions and hogs fell from a three-month high on speculation that investment in U.S. commodities will diminish as the dollar rallies.
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 $.75 or .4 percent, to $169.93. Morgan Stanley fell $.23 or .7 percent, to $31.75.
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 $.93 or .5 percent, to $171.61. Morgan Stanley rose $.16 or .5 percent, to $32.14.
Hartford Posts Narrower Loss on Fewer Investment Declines (Bloomberg)
Nov. 3 (Bloomberg) -- Hartford Financial Services Group Inc. , the insurer that replaced its chief executive officer after a U.S. bailout, reported a narrower third-quarter loss on fewer investment declines. Shares rose in late New York trading.
Falls investment adviser accused of Ponzi scheme (Akron Beacon Journal)
Falls investment adviser accused of Ponzi scheme
Investment manager pleads guilty to fraud (San Francisco Chronicle)
A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander Trabulse admitted that he mailed fraudulent account statements to... Fraud - Mail fraud - San Francisco - United States - PonziScheme