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Investment News 12/2009 (Page 3)



An Inside View of Wilson Sonsini's Fabled Investment Fund (Law.com via Yahoo! Finance)
Wilson Sonsini's famed investment fund, which the firm uses to invest in promising tech clients, is a thing of Silicon Valley legal lore. There are stories from the boom years of litigation associates becoming corporate lawyers so they could get a bigger stake in the investments.
Shongai Plans Further Investment in Innovating Packaging (AllAfrica.com)
Shongai Packaging In dustry Limited has announced its plans to expand its production activities through further investment in the production of innovative packaging products.
Salaries a touch too high at gov’t investment arm: auditors (Vietnam Net)
VietNamNet Bridge - State Capital Investment Corp., the investment arm of the government also known as SCIC, paid huge salaries to its executives last year despite unimpressive business performance, state auditors said.
VEB May Help Fund $1 Billion AvtoVAZ Investment Plan, RIA Says (Bloomberg)
Dec. 7 (Bloomberg) -- Vnesheconombank, known as VEB, may help fund OAO AvtoVAZ’s 30 billion-ruble ($1 billion) investment program, RIA Novosti said, citing Vladimir Dmitriev, the head of the Russian state development bank.
TCW Ousts Chief Investment Officer (New York Times)
TCW Group, one of the largest money managers in the world, fired its chief investment officer, Jeffrey Gundlach, and removed him from its board of directors, after buying a smaller rival last week, Reuters reported.
China to Add Flexibility to Economic Policies, Pare Investment (Bloomberg)
Dec. 7 (Bloomberg) -- China will add flexibility to some monetary economic policies next year and rein in new investment projects after a $586 billion economic stimulus package helped growth rebound in the world’s third-largest economy.
Brazil No Economic ‘Superpower’ as Investment Lags: Week Ahead (Bloomberg)
As demand recovers after Brazil’s first recession since 2003 -- helped by public spending, tax cuts and lower borrowing costs -- investment in new capacity rebounded too slowly to guarantee near-term supply, according to Morgan Stanley and Credit Agricole SA. Quickening inflation and rising interest rates may slow gains in the benchmark Bovespa index from 80 percent this year to less than 30 ...
Estonian Lobby Says Euro to Boost Investment, SMEs (Update1) (Bloomberg)
Dec. 7 (Bloomberg) -- Estonia’s euro adoption in 2011 would “very likely” boost investment from abroad and attract more foreigners to set up small and medium-sized companies, a foreign investors’ lobby group in the Baltic country said.
GM to outline investment in Michigan to build Volt (Detroit Free Press)
General Motors this morning will announce new details of its investment in Michigan to build the Chevrolet Volt extended-range electric car.
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 $.70 or .4 percent, to $166.54. Morgan Stanley fell $.06 or .2 percent, to $30.91.
GM officials to discuss investment in Mich. plant (AP via Yahoo! News)
General Motors Co. officials plan to talk about their investment in a Michigan plant that will build its new rechargeable electric car due in showrooms next year.
GM plans to invest $336M investment in Volt plant (San Francisco Chronicle)
General Motors Co. says it will invest $336 million in a Michigan plant that will build its new rechargeable electric car called the Volt due in showrooms next year. GM Vice Chairman Bob Lutz on Monday plans to elaborate on the automaker's investment in an... General Motors - Robert Lutz - Chairman - Michigan - Business
VEB May Help Finance AvtoVAZ’s $1 Billion Investment Program (Bloomberg)
Dec. 7 (Bloomberg) -- Vnesheconombank, Russia’s state development bank known as VEB , may help fund OAO AvtoVAZ’s 30 billion-ruble ($1 billion) investment program.
Benefit From A Winning Investment Club (Investopedia via Yahoo! Finance)
Joining an investment club isnt a get-rich-quick scheme, but it can help you learn the ropes or sharpen your investing skills.
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 $3.39 or 2.0 percent, to $163.85. Morgan Stanley fell $.59 or 1.9 percent, to $30.38.
Thomas J. McHugh, 78, chief investment officer (The Philadelphia Inquirer)
Thomas J. McHugh, who worked for 22 years as chief investment officer for Pitcairn Inc., died Saturday of congestive heart failure at the Hospital of the University of Pennsylvania.
Japan’s investment in Malaysia surges to US$1.87 billion (The New Sabah Times)
TOKYO : Japan’s investment in Malaysia between January and September alone surged to US$1.87 billion involving 45 approved projects as compared with US$1.6 billion total investment in 2008 with 60 approved projects.
Clean coal investment welcomed in Qld (ABC via Yahoo!7 News)
The Queensland Resources Council (QRC) says Federal Government investment in clean coal projects will benefit the state.
Infra investment raised from 5 to 9 per cent in 11th Plan (New Kerala)
New Delhi, Dec 8 : Investment in the infrastructure sector has been increased from 5 per cent of GDP in 2006-07 to 9 per cent by the terminal year of the 11th plan 2011-12 to sustain a growth rate of 9 per cent, the Rajya Sabha was informed today.
France Has Investment Problem, Must Boost Growth, Sarkozy Says (Bloomberg)
Dec. 8 (Bloomberg) -- France has a “huge” investment problem and needs to reduce debt by boosting economic growth and receipts, President Nicolas Sarkozy said.
Global mergers, investment drop sharply, OECD says (AP via Yahoo! Finance)
Cross-border mergers and acquisitions in major economies fell sharply this year and a plunge in investment will make it harder to emerge from the global financial crisis, a report warned Tuesday.
Bank of Nova Scotia Profit Rises on Investment Bank (Update1) (Bloomberg)
Dec. 8 (Bloomberg) -- Bank of Nova Scotia , Canada’s third- largest bank, said fourth-quarter profit almost tripled on higher investment-banking fees.
Bank of Nova Scotia Profit Rises on Investment Bank (Update3) (Bloomberg)
Dec. 8 (Bloomberg) -- Bank of Nova Scotia , Canada’s third- largest bank, posted its biggest quarterly profit increase in seven years on higher investment-banking fees and increased consumer loans.
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 $1.83 or 1.1 percent, to $162.02. Morgan Stanley fell $.28 or .9 percent, to $30.10.
Private sector told to increase investment, boost performance (Business Times (Malaysia))
NECESSARY changes will be put in place in the economy to increase private investment and further enhance investor confidence in Malaysia, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah says. He said the government is not pleased with the performance of the corporate sector which has continued to show a decline since the Asian financial crisis broke out earlier this year. "We (the ...
S'pore drops 3 spots in survey of top real estate investment markets (Channel NewsAsia)
SINGAPORE: Singapore appears to be losing a bit of its shine as one of Asia Pacific's top real estate investment markets.
GM plans to invest $336M investment in Volt plant (Newsday)
GM plans to invest $336M investment in Mich. plant that will build rechargeable electric car
Bank of Nova Scotia Profit Rises on Investment Bank (Update4) (Bloomberg)
Dec. 8 (Bloomberg) -- Bank of Nova Scotia , Canada’s third- largest bank, posted its biggest quarterly profit increase in seven years on higher investment-banking fees.
SEC Sues NY Investment Firm Rockford,Claims It Ran $11 Million Ponzi (Nasdaq)
NEW YORK -(Dow Jones)- The U.S. Securities and Exchange Commission on Tuesday sued Rockford Funding Group LLC, alleging the New York investment firm orchestrated a $11 million Ponzi scheme.
Bank of Nova Scotia Profit Rises on Investment Bank (Update5) (Bloomberg)
Dec. 8 (Bloomberg) -- Bank of Nova Scotia , Canada’s third- largest bank, posted its biggest quarterly profit increase in seven years on higher investment-banking fees.
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 $2.01 or 1.2 percent, to $161.84. Morgan Stanley fell $.23 or .8 percent, to $30.15.
Apollo Investment plans to sell 10 million shares (AP via Yahoo! News)
Apollo Investment Corp. said Tuesday it planned to sell 10 million shares of common stock to the public and use the proceeds to pay down debt.
Little Rock investment company cited by regulator (San Francisco Chronicle)
The Arkansas Securities Department announced Tuesday that it fined a broker $50,000 and suspended his license for two weeks after a probe into alleged fraudulent mutual fund sales. Steve Kiefer, owner of Apple Tree Investments Inc. and the host of a radio... Mutual fund - Business - Investing - Investment company - Funds
Apollo Investment Extends Revolver, Plans Share Sale (Update2) (Bloomberg)
Dec. 8 (Bloomberg) -- Apollo Investment Corp. , the debt fund owned by Leon Black ’s private-equity firm Apollo Management LP , will extend maturities on a credit line and sell shares to finance investments and repay debt.
CalPERS axing investment managers over real estate losses (Los Angeles Times)
The value of the state pension fund's real estate holdings has fallen 48.7% in a year. The value of real estate investments held by the nation's largest public pension fund has plummeted, and the California Public Employees' Retirement System is moving to terminate some of its investment managers as a result, new documents show.
Rothschild Names Sawko to Head Middle East Investment Banking (Bloomberg)
Dec. 9 (Bloomberg) -- NM Rothschild & Sons Ltd ., the family owned investment bank advising Dubai World on its debt restructuring, appointed Herve Sawko as its head of investment banking in the Middle East.
SPECIFIC JAPANESE MISSION YIELDS RM8.145 BIL IN POTENTIAL INVESTMENT (Bernama via Yahoo! Malaysia News)
OSAKA, Dec 9 (Bernama) -- The four-day specific investment mission to Japan, led by Prime Minister Tan Sri Muhyiddin Yassin, has yield a whopping RM8.145 billion in potential investment.
China remains top investment spot for U.S. firms: study (Reuters via Yahoo! News)
China remains a top investment destination for U.S. companies in 2010 amid the global economic slowdown as they expect to see continuous growth in sales and profit, an American Chamber of Commerce (AmCham) study showed.
China still top investment spot for US firms (The Malaysian Insider)
SHANGHAI, Dec 9 —China remains a top investment destination for US companies in 2010 amid the global economic slowdown as they expect to see continuous growth in sales and profit, an American Chamber of Commerce (AmCham) study showed. More than 90 per cent of respondents had an optimistic business outlook on China based on an AmCham survey of 369 American companies, up from 80.7 per cent in a ...
Apollo Investment to Sell 10 Million Shares in Offering (New York Times)
The Apollo Investment Corporation, a publicly traded affiliate of the private equity firm Apollo Global Management, said Tuesday it planned to sell 10 million shares of common stock to the public and use the proceeds to pay down debt.
Coke stokes investment boom (The Age)
A rebound in coking coal prices will underpin an investment boom in Queensland's Bowen Basin.
Scotiabank profit soars on investment banking (MalaysiaNews.net)
Bank of Nova Scotia's fourth quarter profit surged more than 100% amid near record performance from the investment banking division and strong results from retail banking. For the three months en...
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 $1.53 or .9 percent, to $163.37. Morgan Stanley rose $.03 or .1 percent, to $30.18.
Guan Eng on his first US investment mission (The Edge Daily)
GEORGE TOWN: Penang Chief Minister Lim Guan Eng is on an investment mission to meet existing and new investors in the field of bio-medical devices, solar-based players and electrical and electronics companies in the US.
Investment exec to pay $20M in NY pension scandal (AP via Yahoo! News)
An investment executive who was linked to a corruption scandal at New York state's public pension fund has agreed to pay $20 million in restitution.
US urges Ukraine to pursue reform to get gas investment (AFP via Yahoo! News)
US Secretary of State Hillary Clinton on Wednesday urged Ukraine to pursue reforms to attract foreign investment for an energy sector both sides want to become more independent from Russia.
S.African investment to help Zambia sugar production industry (AFP via Yahoo! News)
South African president Jacob Zuma on Wednesday unveiled a 1.7 billion rand (224 million dollars) sugar investment in Zambia to help boost the copper dependent country's agricultural sector.
House OKs tax hike for investment managers (MSNBC)
The House voted Wednesday to slap higher taxes on Wall Street investment managers to help pay to extend $31 billion in tax breaks for a wide range of Americans.
Kuwait Investment Holds Internal Talks on Citigroup, FT Reports (Bloomberg)
Dec. 10 (Bloomberg) -- The Kuwait Investment Authority held internal talks on cutting back its banking relationship with Citigroup Inc., the Financial Times reported, citing unidentified people familiar with the matter.
Pa. government pensions post investment gains (AP via Yahoo! News)
Pennsylvania's large public-sector retirement system says it had a good third quarter and its rate of investment returns is in positive territory for the year.