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Investment News 02/2010 (Page 8)



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 $.38 or .2 percent, to $156.56. Morgan Stanley rose $.02 or .1 percent, to $27.43.
Foreign investment in China up for 6th month (Business Times (Malaysia))
BEIJING: China's foreign investment (FDI) rose for a sixth straight month in January in a sign that recovery in the world's third largest economy is on track, government figures showed yesterday. Foreign direct investment rose 7.8 per cent in January from a year earlier to US$8.1 billion, (US$1 = RM3.40) the Commerce Ministry said. That was below December's growth rate, but China's economic data ...
Extended Stay Files Plan Amid $450 Million Investment (Update1) (Bloomberg)
Feb. 22 (Bloomberg) -- Extended Stay Hotels Inc. , the U.S. hotelier that filed for bankruptcy last June, filed a proposed Chapter 11 plan financed by as much as $450 million from the investment firms Centerbridge Partners LP and Paulson & Co.
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 $.10 or .1 percent, to $156.08. Morgan Stanley fell $.08 or .3 percent, to $27.33.
Extended Stay Files Plan Amid $450 Million Investment (Update1) (Bloomberg)
Feb. 22 (Bloomberg) -- Extended Stay Hotels Inc. , the U.S. hotelier that filed for bankruptcy last June, filed a proposed Chapter 11 plan financed by as much as $450 million from the investment firms Centerbridge Partners LP and Paulson & Co.
Telebras Jumps on Outlook for $11 Billion Government Investment (Bloomberg)
Feb. 22 (Bloomberg) -- Telecomunicacoes Brasileiras SA rose to the highest in almost two weeks in Sao Paulo trading on speculation the state-controlled telecommunications company may get an $11 billion investment from the federal government.
Extended Stay Files Plan Amid $450 Million Investment (Update2) (Bloomberg)
Feb. 22 (Bloomberg) -- Extended Stay Hotels Inc. , the U.S. hotelier that sought bankruptcy last June, filed a proposed Chapter 11 plan financed by as much as $450 million from the investment firms Centerbridge Partners LP and Paulson & Co.
Morgan Stanley taps 2 for investment management (AP via Yahoo! News)
Morgan Stanley on Monday named two industry veterans to join its investment management leadership.
Morgan Stanley taps 2 for investment management (AP via Yahoo! Finance)
Morgan Stanley on Monday named two industry veterans to join its investment management leadership. Edmond N. Moriarty III, who previously served as a senior vice president at Merrill Lynch & Co., will become chief operating officer of Morgan Stanley Investment Management.
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 $.53 or .3 percent, to $156.71. Morgan Stanley rose $.30 or 1.1 percent, to $27.71.
Morgan Stanley Taps 2 for Investment Management (ABC News)
Morgan Stanley names Jeffrey Shames, Edmond Moriarty to join investment management leadership Morgan Stanley - Investment management - Business - Financial services - Investing
China Unicom Is ‘Interested’ in Nigerian Investment (Update1) (Bloomberg)
Feb. 22 (Bloomberg) -- China Unicom (Hong Kong) Ltd. , which last week denied any involvement in a bid to buy Nigerian Telecommunications Ltd., said a unit is interested in making an investment in the state-owned phone company.
Yen Weakens Amid Speculation Investment Trusts Buying Overseas (Bloomberg)
Feb. 23 (Bloomberg) -- The yen fell against higher-yielding currencies on prospects Japanese investment trusts will send funds overseas this week. The dollar dropped against 13 of its 16 major counterparts after U.S. shares declined and Federal Reserve Bank of San Francisco President Janet Yellen said the U.S. economy still needs low interest rates to gain strength.
Contact Delaying Generation Investment, Reviewing Gas Strategy (BusinessWeek)
Contact Energy Ltd., New Zealand’s biggest publicly traded electricity company, is delaying generation investment and reviewing its use of gas-fired plant as rising fuel costs and tough competition squeeze margins.
Government to raise domestic investment to 60pc (The Malaysian Insider)
KUALA LUMPUR, Feb 23 — The government hopes to increase the ratio of domestic investments to foreign direct investments (FDIs) to 60:40 by 2020 with improved business environment, investment policies and other incentives in the country. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said given the uphill challenges in the economic recovery globally, FDIs have been in on the ...
Deal Seen for Stake in China Investment Bank (International Herald Tribune)
Kohlberg Kravis Roberts & Company and TPG Capital have tentatively agreed to pay close to $1 billion to acquire Morgan Stanley’s stake in China’s leading investment bank.
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 $2.53 or 1.6 percent, to $159.24. Morgan Stanley rose $.29 or 1.0 percent, to $28.00.
Malaysia to raise ratio of domestic investment to 60% by 2020 (The Edge)
KUALA LUMPUR: The government aims to raise the proportion of domestic private investment (DPI) to 60% of total investment by 2020 from the 32% recorded last year, reducing dependency on foreign direct investment (FDI), said the Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.
Intel To Lead $3.5 Bln Investment In U.S. Firms (Fox News)
Intel To Lead $3.5 Bln Investment In U.S. Firms
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 $2.32 or 1.5 percent, to $159.03. Morgan Stanley rose $.06 or .2 percent, to $27.77.
Intel Spearheading Investment in Future of US Tech (PC World via Yahoo! News)
Intel announced a new initiative aimed at growing the tech job market in the United States and jumpstarting innovation and investment in the tech sector. The Invest in America Alliance is committed to investing $3.5 billion private-sector dollars in technology startups and new job creation.
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 $.01 or percent, to $156.70. Morgan Stanley fell $.56 or 2.0 percent, to $27.15.
Ask The Experts: Figuring out Ginnie Maes; finding investment classes (The Sacramento Bee)
This week, our "Ask the Experts" features advice from Michael Tate, a Sacramento investment adviser, and Carol Crosta, past president of the local BetterInvesting chapter.
CalPERS loses $475 million on investment that paid controversial placement agent millions (The Sacramento Bee)
CalPERS says it has lost $475 million on an investment that yielded controversial placement agent and former CalPERS board member Alfred Villalobos his biggest single payday.
'Next-generation' investment bank vies to navigate deals at intersection of technology, media (Minneapolis-St. Paul Star Tribune)
SAN FRANCISCO - Code Advisors bills itself as a "next-generation" investment bank, but what it really wants to be is the deftest traffic cop at the raucous intersection of technology and media.
Putin Warns Billionaire Utility Owners Over Investment Shortfall (Bloomberg)
Feb. 24 (Bloomberg) -- Russian Prime Minister Vladimir Putin warned the billionaire owners of power utilities over what he said was a failure to meet investment targets.
PM calls on Russian tycoons to fulfill investment obligations (RosBusinessConsulting)
RBC, 24.02.2010, Abakan 11:14:09. Russian Prime Minister Vladimir Putin has demanded that Russian businessmen Mikhail Prokhorov and Vladimir Potanin fulfill their investment programs in the power industry.
RSA Insurance May Say Profit Fell on Investment Returns, Claims (Bloomberg)
Feb. 24 (Bloomberg) -- RSA Insurance Group Plc , the U.K.’s biggest non-life insurer, may say profit declined on lower investment returns and higher claims.
RSA Insurance May Say Profit Fell on Investment Returns, Claims (Bloomberg)
Feb. 24 (Bloomberg) -- RSA Insurance Group Plc , the U.K.’s biggest non-life insurer, may say profit declined on lower investment returns and higher claims.
St James’s Place Profit Falls on Investment Income (Update2) (Bloomberg)
Feb. 24 (Bloomberg) -- St James’s Place Plc , the wealth manager majority-owned by Lloyds Banking Group Plc , posted earnings that missed analysts’ estimates as record-low interest rates reduced investment returns.
Putin Warns Billionaires Prokhorov, Potanin on Power Investment (Bloomberg)
Feb. 24 (Bloomberg) -- Prime Vladimir Putin threatened four Russian billionaires with fines and penalties if they don’t meet the investment commitments they made when acquiring utilities from the state.
St James’s Place Profit Falls on Investment Income (Update3) (Bloomberg)
Feb. 24 (Bloomberg) -- St James’s Place Plc , the wealth manager majority-owned by Lloyds Banking Group Plc , posted full- year earnings that missed analysts’ estimates as record-low interest rates reduced investment returns.
Commerzbank Doesn’t Pay Bonuses to Investment Bankers for 2009 (Bloomberg)
Feb. 24 (Bloomberg) -- Commerzbank AG , Germany’s second- largest bank, isn’t paying investment bankers bonuses for 2009 after the company posted a 4.5 billion-euro ($6.1 billion) loss.
RBS May Pay 1.3 Billion Pounds Bonuses to Investment Bank Staff (Bloomberg)
Feb. 24 (Bloomberg) -- Royal Bank of Scotland Group Plc , Britain’s biggest government-controlled lender, will set aside about 1.3 billion pounds ($2.01 billion) for bonuses at its investment bank for 2009, a person familiar with the situation said.
Eaton Vance posts 87 percent jump in 1st-qtr profit, fueled by higher investment advisory fees (Minneapolis-St. Paul Star Tribune)
BOSTON - Investment manager Eaton Vance Corp. on Wednesday said its first-quarter profit jumped 87 percent, fueled by higher fees for its funds. The results reflect both organic growth and a market recovery, said Chairman and CEO Thomas E. Faust Jr.
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 $1.66 or 1.1 percent, to $158.36. Morgan Stanley rose $.69 or 2.5 percent, to $27.84.
FCC Wants to Spur Billions in Private Investment for Internet (BusinessWeek)
U.S. officials need to spur “billions and billions of dollars” in private investment to meet goals to expand the use of high-speed Internet service, the head of the Federal Communications Commission said.
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 $1.63 or 1.0 percent, to $158.33. Morgan Stanley rose $.68 or 2.5 percent, to $27.83.
Comcast-NBC Deal Hurts Jobs, Investment and Prices, Union Says (Bloomberg)
Feb. 24 (Bloomberg) -- Comcast Corp.’s proposed takeover of NBC Universal would hurt jobs, stifle Internet investment and raise cable prices, said Larry Cohen , president of the Communications Workers of America union.
Lyle W. Hall Jr., investment banker (The Philadelphia Inquirer)
Lyle W. Hall Jr., 65, of Queen Village, a retired real estate investment banker, died in a motorcycle accident Sunday in Palm Beach County, Fla.
Australian Business Investment Rose 5.5% Last Quarter (Update3) (Bloomberg)
Feb. 25 (Bloomberg) -- Australian business investment rebounded in the fourth quarter, a sign the economy is strengthening enough for the central bank to raise interest rates next week for the fourth time in six months.
Australian Business Investment Gains Most in a Year, Boosts Rates Outlook (Daily FX via Yahoo! Finance)
Australian Private Capital Expenditure , a measure of business investment, surged 5.5 percent in the fourth quarter to register the biggest increase in a year. Economists were forecasting a more modest 2 percent increase ahead of the release.
Morgan Stanley’s Mack Says Investment Banker Pay Still Too High (Bloomberg)
Feb. 25 (Bloomberg) -- Morgan Stanley Chairman John Mack said investment bankers are overpaid and Wall Street compensation won’t decrease much because firms don’t want to lose their best performers.
Carlyle Group plans joint Chinese-currency investment fund with China's Fosun Group (Minneapolis-St. Paul Star Tribune)
SHANGHAI - The private equity company The Carlyle Group has agreed to join Fosun Group in setting up a Chinese-currency investment fund, the companies said in a statement.
RBS Raises Investment Bank Bonuses by 44% to 1.3 Billion Pounds (Bloomberg)
Feb. 25 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.’s biggest government-owned bank, increased its 2009 pay and bonuses for investment bankers by 44 percent on the previous year.
Australian Business Investment Surges More Than Expected (INO News)
(RTTNews) - Business investment growth in Australia surged more than expected in the December quarter. Investment intentions also remained positive in the economy, adding pressures for another interest rate hike.
UK Q4 business investment down 5.8 pct from Q3 (AP via Yahoo! Finance)
Business investment in the United Kingdom fell by 5.8 percent in the fourth quarter compared to the previous three months, leaving it 24 percent below year-ago levels, official statisticians said Thursday.
RBS Raises Investment Bank Bonuses by 44% to 1.3 Billion Pounds (Bloomberg)
Feb. 25 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.’s biggest government-owned bank, increased its 2009 pay and bonuses for investment bankers by 44 percent on the previous year.
RBS Raises Investment Bank Pay by 44% Amid Criticism (Update1) (BusinessWeek)
Royal Bank of Scotland Group Plc, the U.K.’s biggest government-owned bank, increased its 2009 pay and bonuses for investment bankers by 44 percent, prompting criticism from labor unions and politicians.
Fortress Investment Group Narrows Quarterly Loss (Fox News)
Fortress Investment Group Narrows Quarterly Loss