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Investment News 11/2009 (Page 3)



Cisco Undervalues Tandberg, Investment Firms Say (PC World via Yahoo! News)
Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.
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 $1.62 or .9 percent, to $171.78.
Fortress Investment Loss Widens (Fox News)
Fortress Investment Loss Widens
AES to Sell Wind Power Stake To China Investment (Fox News)
U.S. energy producer AES Corp., agreed to sell stock and a 35 percent stake in its wind power business to China Investment Corp in an effort to raise cash for expansion.
State's big investment funds bouncing back (Austin American-Statesman)
Texas' major public investment funds have stanched the bleeding from the past year's historic financial market losses and are returning to good health.
China Offers Africa More Trade, Investment (ABC News)
Official: China offers Africa more trade and investment at key summit
Joe McGrath to edit What Investment (Guardian Unlimited)
Money Management deputy editor moves to consumer title Joe McGrath, the deputy editor of the Financial Times-owned Money Management magazine, has been appointed editor of consumer title What Investment . McGrath, who has been deputy editor at Money Management since April last year, will begin on 30 November. He takes over from Keiron Root, 47, who passed away in July. What Investment is part of ...
Cisco undervalues Tandberg, investment firms say (Fox News)
Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.
China offers Africa more trade, investment (AP via Yahoo! Finance)
China appeared on Saturday to be adopting a more nuanced investment approach in Africa amid stiff criticism that its aggressive quest for natural resources has ignored local human rights violations.
RBS cuts losses, investment bank slumps (Tiscali)
LONDON (Reuters) - Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank.
US$20mln investment to lift PAFCO production (Fijilive)
Struggling Fiji cannery, the Pacific Fishing Company (PAFCO), recovering from a factory fire last year, is to receive a US$20 million investment injection from North American partner Bumble Bee Seafoods, chairman Peniasi Kunatuba revealed last night after the company was named Exporter of the Year.
Gold lovers in Chennai see gold as a promising investment (New Kerala)
Chennai, Nov 7: At a time when gold prices have touched the sky, gold lovers in Chennai are seeing it as a promising investment.
Hailed by Forbes, investment manager named Penn State Outstanding Alumnus (Pittsburgh Tribune-Review)
Debra K. Brede, president of D.K. Brede Investment Management Co. of Needham, Mass., a firm she founded in 1989, is the 25th Outstanding Alumnus at Penn State Fayette, The Eberly Campus.
BankDhofar participates at Tourism Development and Investment Exhibition (AME Info)
BankDhofar's stand at Tourism Development and Investment Exhibition. The exhibition showcased the economic stability and growth of both the investment and tourism sectors in the Sultanate.
India will be made more attractive for investment: PM (Calcutta News)
Prime Minister Manmohan Singh Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a host of areas, including infrastructure sectors.
Nov. 11: Investment Club (The Record and Herald News)
New Jersey Model Investment Club, meeting, 7 to 9 p.m., Public Library, 200 Glen Ave., Millburn. Free, e-mail [email protected] New Jersey Model Investment Club, meeting, 7 to 9 p.m., Public Library, 200 Glen Ave., Millburn. Free, e-mail [email protected]
Securities and Investment Company announces healthy third quarter profits (AME Info)
Bahrain-based Securities & Investment Company (SICO) announced a net profit of BD1.6m for the third quarter of this year compared to 2008's third quarter loss of BD1.2m. For the past nine months the firm generated a net profit of BD2.5m compared to BD4.6m for the equivalent period in 2008.
India Min: Expects Foreign Direct Investment Above $18 Billion In Fiscal Year (Nasdaq)
NEW DELHI -(Dow Jones)- India's Trade Minister Anand Sharma Sunday said that both foreign direct investment and portfolio flows into the country will individually exceed $18 billion in the current financial year that ends in March.
Tate & Lyle to review capital investment plans (Financial Times)
Javed Ahmed, the new chief executive of Tate & Lyle, is carrying out a review of the group's approach to capital investment, an area in which it has had highprofile setbacks.
No change in India's foreign investment policy in retail (Calcutta News)
There will be no change in the government's policy of a ban on foreign direct investment in multi-brand retail industry, Commerce Minister Anand Sharma said here Sunday.
India will be made more attractive for investment: PM (New Kerala)
New Delhi, Nov 8 : Prime Minister Manmohan Singh Sunday said India will open its doors further to foreign investment and invited entrepreneurs from across the globe to participate in a host of areas, including infrastructure sectors.
Pioneers, Beltone to Create Biggest Middle East Investment Bank (Bloomberg)
Nov. 8 (Bloomberg) -- Egypt’s Beltone Financial and Pioneers Holding agreed to merge in a share swap, aiming to create the biggest investment bank in the Middle East and North Africa. Shares of Pioneers surged as much as 13 percent.
Study:China Lower Risk Than UK For Green Investment -Newspaper (INO News)
LONDON (Dow Jones)--The U.K does not have the right climate change strategy to attract international investment and is lagging behind countries such as China, according to a new study from Deutsche Bank, The Observer reports Sunday.
How do we raise investment? (Philippine Daily Inquirer)
ALONG with officials from the World Bank and the International Finance Corp., I spoke in a panel discussion on stable economy and improved investment climate organized by the WB Manila office last week.
Egypt’s Pioneers to Buy Beltone to Grow in Investment Banking (Bloomberg)
Nov. 8 (Bloomberg) -- Pioneers Holding agreed to buy rival Egyptian securities firm Beltone Financial in a share swap, gaining asset-management expertise as it aims to create the Middle East’s biggest investment bank.
Maybank Investment to Set Up Unit in Saudi Arabia, Times Reports (Bloomberg)
Nov. 9 (Bloomberg) -- Maybank Investment Bank Bhd. will set up an Islamic operation in Saudi Arabia as it seeks to expand in the Middle East, the Business Times reported, citing Ali Abbas Zaidi, the head of Maybank’s Islamic market division.
Investment boss backs Bligh's asset sell-off (ABC via Yahoo!7 News)
The Queensland Government's investment chief has backed Labor's privatisation plan.
PM opens door wider for foreign investment (rediff.com)
'In addition to FDI, we welcome portfolio investment in Indian companies,' said Singh.
Morgan Stanley looks to sell China investment bank stake (Reuters via Yahoo! News)
Morgan Stanley is seeking a buyer for its 34 percent stake in investment bank China International Capital Corp, Wei Sun Christianson, the U.S. bank's China chief executive, said on Monday.
Mozambique Mine Investment Surged Through 2004-08, Noticias Says (Bloomberg)
Nov. 9 (Bloomberg) -- Direct investment in Mozambique’s mining sector increased eightfold between 2004 and 2008, the daily Noticias reported, citing Mineral Resources Minister Esperanca Bias.
Investment-Grade Composite Spread Expands To 231 Basis Points (Thaipr.net)
Standard & Poor's investment-grade and speculative-grade composite spreads widened yesterday to 231 basis points (bps) and 715 bps, respectively, owing largely to a decline in the Treasury yield after
Morgan Stanley looks to sell China investment bank stake (MalaysiaNews.net)
) is seeking a buyer for its 34 percent stake in investment bank China International Capital Corp, Wei Sun Christianson, the U.S. bank's China chief executive, said on Monday.
Barclays to Double India Investment Banking Team in 18 Months (Bloomberg)
Nov. 9 (Bloomberg) -- Barclays Plc plans to double its investment banking team in India over the next 18 months, said Robert Morrice, Asia-Pacific chairman and chief executive officer for Barclays Capital.
Regent discusses investment, tourism with delegation from Starwood Hotels (Zawya)
09 November 2009 AMMAN (JT) -- HRH Prince Feisal, the Regent, discussed investment and tourism cooperation with a delegation from Starwood Hotels and Resorts, headed by Chief Executive Officer Frits van Paasschen, the Jordan News Agency, Petra, reported.
JPMorgan to Grow Indian Investment Banking Unit, Morparia Says (Bloomberg)
Nov. 9 (Bloomberg) -- JPMorgan Chase & Co. , the second- largest U.S. bank by deposits, plans to grow its investment banking unit in India as the government prepares to sell shares in companies and local firms consider overseas acquisitions.
Morgan Stanley looks to sell China investment bank stake (Reuters via Yahoo! News)
Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp, the U.S. bank's China chief executive said on Monday.
Gold Climbs to Record as Weaker Dollar Boosts Investment Demand (Bloomberg)
Nov. 9 (Bloomberg) -- Gold climbed to a record in London and New York as a weaker dollar prompted investors to buy bullion as an alternative investment.
Cisco's Tandberg bid too low, say investment firms (TechWorld)
Tandberg shareholders: Cisco should offer at least 11% more Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.
Gold Climbs to Record as Weaker Dollar Boosts Investment Demand (Bloomberg)
Nov. 9 (Bloomberg) -- Gold climbed to a record in New York and London as a weaker dollar prompted investors to buy bullion as an alternative investment.
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 $3.49 or 2.0 percent, to $175.27. Morgan Stanley rose $.64 or 2.0 percent, to $33.24.
Investment Banks Out, Investment Bankers In, Survey Finds (Wall Street and Technology)
Almost a third of CFOs have lost trust in investment banks, according to a Dow Jones/ClientKnowledge survey.
Gold Rises to Record as Falling Dollar Boosts Investment Demand (Bloomberg)
Nov. 9 (Bloomberg) -- Gold futures climbed to a record for the second straight session as the slumping dollar spurred demand for the precious metal as an alternative investment.
Alternative Investment Outsourcer Altegris Hires Operating Chief (Nasdaq)
Third-party alternative-investment provider Altegris Investments has hired former Bank of New York Mellon executive Ken McGuire as its chief operations officer, a new position at the firm.
Bruno Recommended Investment Firm, Says Ex-Union Official (Bloomberg)
Nov. 9 (Bloomberg) -- A former union official now serving time for racketeering told a court today his organization switched investment firms because ex-New York Senate leader Joseph Bruno recommended it.
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 $4.79 or 2.8 percent, to $176.57. Morgan Stanley rose $1.35 or 4.1 percent, to $33.95.
Investment in Commercial Spaceflight Grows to $1.46 Billion, Updated Industry Study Reveals (SpaceRef)
Total investment in the commercial human spaceflight sector has risen by 20% since January 2008, reaching a cumulative total of $1.46 billion, according to a new extensive study performed by the Tauri Group.
Investment Banker Gotbaum Obama’s Choice to Head Pension Agency (Bloomberg via Yahoo! News)
Nov. 10 (Bloomberg) -- Joshua Gotbaum, an investment banker and former official in the Bill Clinton administration, was tapped by President Barack Obama to head the deficit-ridden Pension Benefit Guaranty Corp.
Investment-Grade Composite Spread Tightens To 223 Basis Points (Thaipr.net)
Standard & Poor's investment-grade and speculative-grade composite spreads tightened on Friday to 223 basis points (bps) and 703 bps, respectively. By rating, the investment-grade spreads compressed a
Investment Banker Gotbaum Obama’s Choice to Head Pension Agency (Bloomberg)
Nov. 10 (Bloomberg) -- Joshua Gotbaum , an investment banker and former official in the Bill Clinton administration, was tapped by President Barack Obama to head the deficit-ridden Pension Benefit Guaranty Corp.
BoI: New investment from China (Bangkok Post - Thailand's English news)
There were 16 applications from Chinese investors to start up projects worth 10.43 billion baht, or about 2.08 billion yuan, filed with the Board of Investment in the first nine months of the year, BoI secretary-general Atchaka Sibunruang Brimble said on Tuesday.