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Investment News 02/2010 (Page 9)



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.
AT&T Investment in Mississippi Network Aimed at Enhancing Mobile Broadband Service Across the State (redOrbit)
JACKSON, Miss., Feb. 25 /PRNewswire-FirstCall/ -- AT&T* today unveiled its wireless network investment plans for 2010, which include the addition of more than 60 new cell sites and the upgrade of more than 200 additional cell sites to 3G throughout the state.
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 $3.30 or 2.1 percent, to $155.03. Morgan Stanley fell $.50 or 1.8 percent, to $27.33.
Lend Lease $806m raising to boost investment (The Age)
Lend Lease plans to direct cash from its proposed $806 million capital raising towards boosting its development pipeline and new investment projects.
Copper Declines as Stronger Dollar Erodes Investment Demand (Bloomberg)
Feb. 25 (Bloomberg) -- Copper fell in New York and London as a stronger dollar reduced the appeal of industrial metals as an alternative investment. The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, rose as much as 0.3 percent.
Business investment on the rise (BigPond News)
Treasurer Wayne Swan is buoyed by new data that shows a jump in business investment.
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 $3.26 or 2.1 percent, to $155.07. Morgan Stanley fell $.48 or 1.7 percent, to $27.35.
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 $1.89 or 1.2 percent, to $156.44. Morgan Stanley fell $.09 or .3 percent, to $27.74.
Fortress Investment Group posts narrower 4Q loss (AP via Yahoo! Finance)
- Alternative asset manager Fortress Investment Group LLC's fourth-quarter loss narrowed as assets under management rose from a year earlier and redemptions slightly declined.
Foreign investment plunges 50 percent in Mexico (AFP via Yahoo! News)
Foreign direct investment (FDI) in Mexico fell by 50.7 percent to 11.417 billion dollars in 2009, its lowest level in 10 years, chiefly due to the global financial crisis, the government said.
Foreign investment plunges 50 percent in Mexico (Malaysian Mirror)
MEXICO CITY -Foreign direct investment (FDI) in Mexico fell by 50.7 percent to 11.417 billion dollars in 2009, its lowest level in 10 years, chiefly due to the global financial crisis, the government said. Read more...
Asia Markets: Nuclear plans could power investment in India (Market Watch)
India’s hunger for nuclear energy to power its economy is likely to create investment opportunities in that sector, both inside and outside the country.
Overseas investment planned to target selected HCM City sectors (Vietnam Net)
VietNamNet Bridge – HCM City's investment and trade promotion activities this year will focus on selectively attracting investors, according to an official.
Analysis: RBS investment arm made more money than the rest of the bank combined (Daily Telegraph)
If Royal Bank of Scotland is to stand any chance of repaying the billions of pounds handed to it by the UK taxpayer since its rescue in 2008 then the bank's annual results made clear it will need its investment banking business to be firing on all cylinders.
VERSACE: An investment theme for cash-strapped consumers (The Washington Times)
Last week, I closed this column touching on one of the more successful investment themes we have employed over the past several quarters - the cash-strapped consumer. I received a response from a reader asking whether I could elaborate more on the theme and touch on one or two others. Not a problem. The concept behind the cash-strapped consumer is rather simple in my view, particularly with the ...
AIG Quarterly Loss Narrows on Shrinking Investment Writedowns (Bloomberg)
Feb. 26 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., posted a narrower fourth- quarter loss on smaller investment writedowns.
Baidu Makes It Official: Providence Equity Backs Video JV With $50 Million Investment (paidContent.org via Yahoo! Finance)
Chinese search giant Baidu says it has received a $50 million investment from Providence Equity Partners to start an online video subsidiary. Rafat was able to confirm reports that a deal for a Hulu-like service was in the final stages early last month.
Real estate investment trust DuPont Fabros leaves dividend at 8 cents per share (Minneapolis-St. Paul Star Tribune)
WASHINGTON - DuPont Fabros Technology Inc., a real estate investment company, declared a quarterly dividend Friday of 8 cents per share. The dividend is payable April 9 to shareholders on record by March 31.
Sator Hires Fidelity’s Frontini as Chief Investment Officer (Bloomberg)
Feb. 26 (Bloomberg) -- Sator SpA said it hired Fidelity International’s Mario Frontini as chief investment officer. Sator commented on Frontini’s appointment in an e-mailed statement today.
CalPERS Loses $475 Million on Investment that Paid Controversial Placement Agent Millions (HispanicBusiness.com)
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.
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 fell $.18 or .1 percent, to $155.91. Morgan Stanley rose $.01 or percent, to $27.75.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at noon: Goldman Sachs fell $.11 or .1 percent, to $155.98. Morgan Stanley rose $.46 or 1.7 percent, to $28.20.
NYMagic post 4Q profit on investment, sales gains (San Francisco Chronicle)
Marine insurance provider NYMagic Inc. on Friday posted a fourth-quarter profit, reversing a year-ago loss, as the company sold more policies and saw positive returns on its investments. For the final three months of 2009, NYMagic earned $13.2 million, or $... Insurance - Investment - Business - Company - Financial services
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 $.26 or .2 percent, to $156.35. Morgan Stanley rose $.44 or 1.6 percent, to $28.18.
Is China the investment opportunity of the year, or a bubble? (Independent)
The prospectus for the eagerly awaited new fund from the legendary investment manager Anthony Bolton was published yesterday. Fidelity hopes to attract around £630m to its new China Special Situations fund, and the indications suggest that investors are queuing up to profit from Bolton's investment expertise.
Investment in Real Estate Falls Sharply (The Moscow Times)
The volume of investment in Russia's real estate market dropped dramatically in 2009, brought on in large part by an exodus of foreign capital, real estate consultant CB Richard Ellis said in a report Thursday.
Wind agency investment proves costly to Ames (Boone News Republican)
The Ames City Council cut its losses Tuesday on a nearly $300,000 investment in the Iowa Agency for Municipal Wind.
Russian Direct Foreign Direct Investment Dropped 41% Last Year (Bloomberg)
Feb. 27 (Bloomberg) -- Russian foreign direct investment plummeted an annual 41 percent to $15.9 billion last year as the economy posted its biggest contraction since the collapse of the Soviet Union.
Foreign investment in Russia down 21% to $82 bln in 2009 (Russian Information Agency Novosti)
Foreign investment in Russia declined 21% in 2009 to $81.9 billion, the country's top statistics body Rosstat said on Saturday
Buffett’s Berkshire Profit Jumps on Improved Investment Results (Bloomberg)
Feb. 27 (Bloomberg) -- Warren Buffett ’s Berkshire Hathaway Inc. said fourth-quarter profit jumped on improved investment results and the recovery of derivative bets tied to the world’s stock markets.
Foreign investment in Russia shrinks in 2009 (RosBusinessConsulting)
RBC, 27.02.2010, Moscow 16:56:46. Foreign investment in Russia's economy amounted to $81.9bn in 2009, 21 percent less than a year earlier, the Russian Federal Statistics Service (Rosstat) announced today.
Developing An Investment Philosophy: Chapter 2 (Guru Focus)
By saj Karsan. Warren Buffett has called himself 85% Graham and 15% Fisher. While the works of Graham are often cited, Fisher's book Common Stocks and Uncommon Profits is not. Here follows a summary of the expanded version of this book, which includes 2 other works by Fisher including Conservative Investors Sleep Well and Developing an Investment Philosophy. Read more » »
Miami Luxury Condo As Perfect Investment (Turks.US)
There are lots of properties that are available in the market. You can choose among the several options in the market. You can have a worth investment as you buy one.
Russian Direct Foreign Direct Investment Dropped 41% Last Year (Bloomberg)
Feb. 27 (Bloomberg) -- Russian foreign direct investment plummeted an annual 41 percent to $15.9 billion last year as the economy posted its biggest contraction since the collapse of the Soviet Union.
Capinnova Investment Bank revenues surge (Gulf Daily News)
MANAMA: Capinnova Investment Bank yesterday reported a gross revenue of $755,000 during the fourth quarter of last year, compared to $82,000 in the same quarter of 2008.
Obama proposal aims to curb conflicts of interest in 401(k) investment advice (Washington Post)
The Obama administration offered a long-awaited road map Friday for companies that want to perform potentially conflicting roles: managing retirement funds such as 401(k) plans for employers and advising employees as to which funds they should choose.
Pakistan eyes billions in foreign investment (AFP via Yahoo! News)
Pakistan aims to attract foreign investment worth five billion dollars this year, but needs to tackle reform, maximise anaemic growth and stem rampant violence to clinch its ambitious target.
Foreign investment in Russia falls last year (MENAFN)
Foreign investment in Russia falls last year
Dubai hotel investment among costliest (Zawya)
Dubai has emerged as one of the three most expensive Middle Eastern markets to develop hotels in the five- and four-star categories, according to a recent hotels investment study conducted by global hospitality consultancy HVS International.
Investment buzzword at coffee (The Argus Leader)
At the year's concluding Sioux Falls-area legislative coffee Saturday, the watchword of the day was investment. Investment in education, economic development and the deep underground laboratory in the former Homestake Mine in Lead all were widely touted by lawmakers in Districts 9, 11, and 12 as priorities to be safeguarded as the Legislature produces a mandatory balanced budget in the next two ...
Foreign investment in Russia plunges 21 percent in 2009 (People's Daily)
Foreign investment in Russia slumped 21 percent in 2009 to 81.9 billion U.S. dollars, the Federal State Statistics Service (Rosstat) said Saturday. In the same period, foreign direct investment dropped 41 percent to 15.9 billion dollars, portfolio investment fell 37.7 percent to 882 million dollars, and other investment was down 13.5 percent to 65.14 billion dollars, Rosstat said. Accumulated ...
Qatar plans agricultural investment in Georgia (MENAFN)
Qatar plans agricultural investment in Georgia
Disgraced investment adviser Ian Thow expected to plead guilty on 25 counts of fraud (CHEK News)
They have waited nearly five years for some kind of justice. Now the victims of disgraced investment adviser Ian Thow may have only one more day to wait for closure.
Disgraced investment adviser Ian Thow expected to plead guilty on 25 counts of fraud (Victoria Times Colonist)
They have waited nearly five years for some kind of justice. Now the victims of disgraced investment advisor Ian Thow may have only one more day to wait for closure.
Pakistan targets US$5b in foreign investment (Business Times (Malaysia))
ISLAMABAD: Pakistan aims to attract foreign investment worth US$5 billion this year, (US$1 = RM3.41) but needs to tackle reform, maximise anaemic growth and stem rampant violence to clinch its ambitious target. Last fiscal year, Pakistan recorded its worst economic growth in over a decade, at 2 per cent, and drew US$3.7 billion in investments. Yet Board of Investment chairman Saleem Mandviwalla ...
Pakistan targets US$5b in foreign investment (Business Times (Malaysia))
ISLAMABAD: Pakistan aims to attract foreign investment worth US$5 billion this year, (US$1 = RM3.41) but needs to tackle reform, maximise anaemic growth and stem rampant violence to clinch its ambitious target.
Robertson maps out hope for more wind investment (Australian Broadcasting Corporation)
Queensland Energy Minister Stephen Robertson says he hopes a new wind energy map will help to attract more investment in wind projects.