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Investment News 03/2010 (Page 4)



Prime real estate in Morocco offers a solid investment (Mena Report)
According to leading international agent Knight Frank, luxury and prime property in Morocco, particularly in the cosmopolitan city of Marrakech, is in high demand from discerning professional investors and second home owners from around the globe, who are seeking a relatively lower-risk real estate investment in a country less affected by the recession than others like the UK and USA.
Korea Investment Picks SDI, LG Chem on Battery Sales (Update1) (Bloomberg)
March 10 (Bloomberg) -- South Korean rechargeable battery makers’ stocks will outperform the benchmark index on increased use in mobile devices, autos and electricity grids, according to Korea Investment Trust Management Co.
MELAKA CITES SOUND INVESTMENT FOR WANTING TO PAY YBK QUIT RENT ARREARS (Bernama via Yahoo! Malaysia News)
MELAKA, March 10 (Bernama) -- The Melaka government was driven by the criterion of a sound investment when it decided to pay up the RM5.439 million quit rent arrears of the Selangor Poverty Eradication Foundation (YBK) recently, the state legislative assembly was told today.
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 $1.32 or .8 percent, to $170.17. Morgan Stanley rose $.16 or .6 percent, to $29.21.
Ex-N.Y. Investment Officer Pleads Guilty to Corruption (New York Times)
The former chief investment official for New York State's comptroller's office pleaded guilty on Wednesday to a felony for his role in steering investment opportunities in the state's pension fund to firms connected to former state officials.
Former Head Investment Officer For NY State Pleads Guilty in Corruption Case (WGRZ-TV Buffalo)
ALBANY _ The former chief investment officer for the state Comptroller's Office pleaded guilty to intentionally engaging in fraud, deception and concealment in connection with numerous investment transactions, Attorney General Andrew Cuomo announced today.
Former Hevesi investment chief pleads guilty to Martin Act (New York Post)
The investment chief who worked under former State Comptroller Alan Hevesi pleaded guilty to a Martin Act felony today for his role in a pay-to-play scheme involving the state's retirement fund, authorities said. David Loglisci's plea follows a two-year probe into corruption involving the state comptroller's office...
Minister to explain Thai investment situation to Japanese firms+ (Thailandnews.net)
BANGKOK, March 10 (AP) - (Kyodo)Thai Finance Minister Korn Chatikavanij said Wednesday he is ready to answer questions about the country's investment conditions from Japanese investors when he...
Ex-investment official guilty in NY pension probe (WCAX-TV Vermont)
Associated Press - March 10, 2010 12:05 PM ET NEW YORK (AP) - New York Attorney General Andrew Cuomo says a former state investment officer has admitted to helping channel hundreds of millions...
Ex-Investment Official Guilty In NY Pension Probe (WCBS-TV New York)
New York Attorney General Andrew Cuomo said a former state investment officer has admitted to helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a "pay-to-play" scheme. Cuomo said David Loglisci pleaded guilty Wednesday to a felony. Loglisci was a deputy state comptroller with authority to recommend how to invest the pension ...
Ex-investment official guilty in NY pension probe (WRGB Albany)
NEW YORK -- New York Attorney General Andrew Cuomo says a former state investment officer has admitted to helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a "pay-to-play" scheme.
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 $3.00 or 1.8 percent, to $171.85. Morgan Stanley rose $.60 or 2.1 percent, to $29.65.
Airgas debt offer gets investment-grade ratings (AP via Yahoo! News)
Two ratings services have given investment-grade ratings to an Airgas Inc. plan to raise $250 million from a debt offering.
Airgas Debt Offer Gets Investment-Grade Ratings (ABC News)
S&P, Moody's assign investment-grade ratings to notes for Airgas debt offering Investment grade - Standard & Poor - Financial Services - Moody - Business
Oakbrook Terrace investment firm accused in Ponzi scheme (Chicago Sun-Times)
Customers of an Oakbrook Terrace investment firm gave it $20 million to invest in Turkey, but its managing partners instead wired the money to friends in Turkey and used the rest to finance luxurious living, a federal agency charged Wednesday.The Securities and Exchange Commission said USA Retirement Management Services lured investors to estate planning seminars in Illinois and California, then ...
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 $3.09 or 1.8 percent, to $171.94. Morgan Stanley rose $.92 or 3.2 percent, to $29.97.
Feds: Kirkland investment adviser stole millions (Seattle Times)
Federal agents have arrested a Kirkland investment adviser Wednesday who is accused of stealing an estimated $8 million from at least 20 clients, some of whom say she spent their life savings on million-dollar homes, boats, cars and a stockpile of expensive jewelry.
Nomura Vice Chairman of China Investment Banking Said to Leave (Bloomberg)
March 11 (Bloomberg) -- Nomura Holdings Inc.’s vice chairman of China investment banking, Jane Wang, has resigned, said two people with knowledge of the matter.
Feds: Kirkland investment adviser stole millions (Seattle Times)
A Kirkland investment adviser accused of stealing an estimated $8 million from at least 20 clients - some of whom say she spent their life savings on million-dollar homes, boats, cars and a stockpile of expensive jewelry - was arrested by federal agents Wednesday.
Texas Instruments, GetFugu to announce $100,000 investment in MobileLab at University of Texas at Dallas (Dallas Morning News)
Dallas-based Texas Instruments Inc. and Los Angeles-based GetFugu Inc. are announcing a joint $100,000 investment in the MobileLab research group at the University of Texas at Dallas today.
South China firms see investment dip, wages rise (Reuters via Yahoo! Malaysia News)
HONG KONG, March 11 (Reuters) - Foreign investment in south China is expected to fall 4.9 percent this year, with firms facing the challenge of labour shortages and rising wages, according to a survey by the region's American business chamber.
Ex-New York Pension Fund Investment Chief Pleads Guilty (Wall Street and Technology)
The former chief investment officer for New York State's comptroller Wednesday pleaded guilty to helping favored firms gain access to the state's $129 billion pension fund.
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 $.70 or .4 percent, to $172.64. Morgan Stanley fell $.09 or .3 percent, to $29.88.
Societe Generale Corporate & Investment Banking Selects SOX-XL Software Suite for End User Computing Controls and ... (redOrbit)
BOSTON and LONDON, March 11 /PRNewswire/ -- CIMCON Software Inc., the Pioneering Market Leader in Governance, Risk and Compliance (GRC) solutions for End User Computing (EUC), today announced that Societe Generale Corporate & Investment Banking has selected the SOX-XL suite of tools for spreadsheet and database monitoring and controls. At the core of Societe Generale's universal banking business ...
Feds: Wash. investment adviser stole $8 million (AP via Yahoo! Finance)
A Kirkland, Wash., investment adviser accused of stealing an estimated $8 million from at least 20 clients -- some of whom say she spent their life savings on million-dollar homes, boats, cars and a stockpile of expensive jewelry -- was arrested by federal agents Wednesday.
NM investment lawsuit: Claim for losses now $228M (AP via Yahoo! Finance)
A former state pension investment officer, who is suing several national financial firms over failed New Mexico investments, says the state now has lost $228 million, up from $90 million claimed in the initial filing.
Judge rejects woman’s early release from investment scam sentence (22 WSBT South Bend)
A judge has denied a request for early prison release from a Mishawaka woman convicted of helping her husband run an investment scam.
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 rose $.77 or .4 percent, to $172.71. Morgan Stanley fell $.12 or .4 percent, to $29.85.
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 $1.57 or .9 percent, to $173.51. Morgan Stanley rose $.05 or .2 percent, to $30.02.
China Approves QFII License For Ivy Investment Management (Fox News)
China Approves QFII License For Ivy Investment Management
Alberta cuts royalty rates for oil and gas industry in bid to win investment (The Canadian Press via Yahoo! Canada News)
CALGARY - The Alberta government said Thursday it will slash its royalty take from oil and gas producers, many of whom responded to a new regime introduced a year ago by moving their investment elsewhere.
Lehman Brothers investment bank 'hid billions' – report (Belfast Telegraph)
Lehman Brothers, the investment bank whose collapse in September 2008 brought the world's financial system to its knees, was hiding tens of billions of dollars of its debts through accounting tricks and was insolvent weeks before it actually filed for bankruptcy, according to an explosive report made public last night. Related Stories Maldives battles rising tides with floating golf course plan ...
Lehman Brothers investment bank 'hid billions' – report (Belfast Telegraph)
Lehman Brothers, the investment bank whose collapse in September 2008 brought the world's financial system to its knees, was hiding tens of billions of dollars of its debts through accounting tricks and was insolvent weeks before it actually filed for bankruptcy, according to an explosive report made public last night. Related Stories Tiger Woods spurns £75m deal with Irish firm Shamed Tiger ...
Business : Shenyang Delegation In M'sia To Woo Investment (Bernama)
KUALA LUMPUR, March 12 (Bernama) -- A delegation from the Shenyang provincial government aims to woo at least RMB300 million investment in palm oil, tyre manufacturing and banking industries
UK should consider state investment fund - Mandelson (Reuters via Yahoo! UK & Ireland News)
Britain should examine the case for setting up a government-backed investment fund to help finance infrastructure projects, Business Secretary Peter Mandelson said on Friday.
Hanley Investment Group Sells Las Vegas Shopping Center (dBusinessNews.com)
IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today Eric P. Wohl and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of a four-tenant shopping center in Las Vegas, Nevada.
Group makes investment pledge (PA Sport via Yahoo! UK & Ireland Sport)
American investment group Club 9 Sports have confirmed that they remain committed to investing in Coca-Cola Championship club Sheffield Wednesday - even if the Owls are relegated this season.
Board to target investment and business opportunities: Gets $12,500 from the provincial government (The Telegram)
The Irish Loop Development Board (ILDB) is availing of $12,500 from the provincial government to try to  attract foreign investment and new business to the region.
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 $1.83 or 1.1 percent, to $175.34. Morgan Stanley rose $.19 or .6 percent, to $30.21.
Hockey dad accused of bilking friends in investment scam (Investment Executive)
A hockey dad is accused of bilking friends out of hundreds of thousands of dollars through a bogus investment scheme. Peel Regional police say they found 14 victims linked to a suspect who allegedly carried out several frauds totalling about $500,000.
Workforce Investment Board trains 150 residents for employment in the health care industry (Highland Community News)
The Workforce Investment Board of San Bernardino County has allocated $390,596 to fund skills training for jobs in the health care industry.
Brent Sheather : NZ included in investment yearbook (The New Zealand Herald)
The Global Investment Returns Yearbook (GIRY) was first published in 2000 for Dutch banking giant ABN Amro by London Business School professors Elroy Dimson, Paul Marsh and Mike Staunton (DMS). The core of the publication is the...
Sonos Confirms $25 Million Investment From Index Ventures (TechCrunch)
Sonos has now confirmed the Index Ventures investment we reported two days ago. The company has taken an additional $25 million in capital from Index, raising the total raised by the company to $65 million . And Index Ventures Partner Mike Volpi , a former CIsco executive, has joined their board of directors. The funds will be used for growth equity, says the company, which signals that they are ...
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 $2.49 or 1.4 percent, to $176.00. Morgan Stanley rose $.55 or 1.8 percent, to $30.57.
ETIC to aid Willcom but not with investment (The Japan Times)
A government-backed corporate turnaround body said Friday it will sponsor the rehabilitation of mobile phone carrier Willcom Inc., which filed for bankruptcy last month, but stopped short of providing any direct investment. Under the rescue scheme, Willcom will work with three parties — the state-backed Enterprise Turnaround Initiative Corp. of Japan, Softbank Corp. and investment fund Advantage ...
Confessions of a Money Manager: Look at the coal mine canaries before making investment choices (The Capital Times)
On March 4, the institutional department of San Francisco-based Charles Schwab held an investment forum in Chicago: the Schwab Investment Outlook. Among the presenters was Greg Valliere, chief political strategist for the Potomac Research Group, a non-partisan think tank. Valliere’s been around for quite a few years and he’s a frequent guest on television talk shows that feature business and ...
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 $1.45 or .8 percent, to $174.96.
Moyes: Everton need investment to go to next level (tribalfootball.com)
Everton boss David Moyes concedes they need extra investment to make a jump to the next level. Blues chairman Bill Kenwright confirmed during the week they were seeking "a billionaire". Moyes said: "We have been at a good level for a few years, the question is can we make that extra jump. Some clubs have spent hundreds of millions trying to make that step up. "What we have done is spend time ...
FloLogic Retains Investment Advisor to Explore Strategic Growth Options (dBusinessNews.com)
Raleigh, NC. FloLogic a technology and marketing company located in North Carolina, announced today that it had retained Investment Management & Insurance Advisors, Inc. to explore strategic capital market options.
Jay-Z Withdrew Investment in Aqueduct Casino (TheCelebrityCafe.com)
Not the only investor to pull out. Kristina Henry Rapper/entrepreneur Jay-Z withdrew his investment in a business deal as did his fellow investor Reverend Floyd H. Flake. According to The New York Post, Jay-Z would’ve had an investment of less than one percent in the Aqueduct Entertainment Group (which was the company selected by Gov. David Patterson). The company plans to construct and operate ...