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Investment News 03/2010 (Page 6)



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 $1.56 or .9 percent, to $175.09. Morgan Stanley rose $.19 or .6 percent, to $29.83.
Foreign Investment in China Bounces Back (BusinessWeek)
Foreign direct investment in China, the world’s fastest-growing major economy, rose for a seventh month in February.
Sunridge International to Present PNT to the Southern California Investment Association (redOrbit)
FOUNTAIN HILLS, Ariz., March 16 /PRNewswire-FirstCall/ -- Sunridge International, (OTC Bulletin Board: SNDZ) said it will be presenting details of its patented pneumatic trabeculoplasty treatment (PNT) a non-invasive treatment at the upcoming Southern California Investment Association (SCIA) Conference on April 3rd 2010, in Irvine, CA.
Brazil Sanctions Raise Concern on Investment Climate, USTR Says (Bloomberg)
March 16 (Bloomberg) -- Brazil’s decision to move forward with sanctions on U.S. intellectual property rights as part of a dispute over cotton subsidies may discourage investment in Latin America’s biggest economy, the Office of the United States Trade Representative said.
AES closes stock sale to China Investment Corp. (AP via Yahoo! Finance)
Global power company AES Corp. said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp.
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 $1.93 or 1.1 percent, to $175.46. Morgan Stanley rose $.26 or .9 percent, to $29.90.
Fund Focus: Thornburg Investment Income Builder (AP via Yahoo! News)
This stock-and-bond fund's annual dividend has more than doubled since 2003 under Brian McMahon. He is a co-portfolio manager and chief investment officer of Thornburg 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 $2.66 or 1.5 percent, to $176.19. Morgan Stanley rose $.67 or 2.3 percent, to $30.31.
U.K. Investment Banks’ ‘Indian Summer’ May Not Recur, KPMG Says (Bloomberg)
March 17 (Bloomberg) -- The “Indian summer” experienced by U.K. investment banks in 2009 was based on volatile markets and government stimulus, a combination unlikely to be repeated, according to accountancy firm KPMG.
BT Investment by Geyer (InDesign)
BTIM invests in a flexible workspace by a leading design agency. The boutique investment firm BT Investment Management has received a $5.7 million fit out by workspace experts Geyer.
Jones Lang Lures CB Richard Ellis Team for Investment Banking (Bloomberg)
March 17 (Bloomberg) -- Jones Lang LaSalle Inc. , the second-biggest publicly traded commercial property broker, hired an investment banking team from larger rival CB Richard Ellis Group Inc.
Festino promoted to principal of Meketa Investment Group (San Diego Union-Tribune)
Leandro Festino has been promoted to principal of Meketa Investment Group in Carlsbad.
HCM City launches own investment fund (Vietnam Net)
VietNamNet Bridge – HCM City yesterday, March 16, officially inaugurated its own finance and investment company, aiming to enhance the city's State-owned capital management and investment effectiveness.
Copper Advances as Dollar Declines, Boosting Investment Demand (Bloomberg)
March 17 (Bloomberg) -- Copper rose in Asia, extending an advance from a two-week low, as the dollar declined, increasing demand for the metal as an alternative investment.
Angola : Greater Attention to Cultural Sector Requires a Public Investment Plan (AllAfrica.com)
Luanda — The assistant director of National Heritage Culture, Sónia Domingos, said Tuesday that the culture should be seen as a strengthening of development factor and promotion of a more balanced space in access to the culture, which result in a good plan of public investment.
Clean Energy Investment May Top $200 Billion, Liebreich Says (Bloomberg)
March 17 (Bloomberg) -- Global investment in clean energy projects may rise to $200 billion in 2010 from $162 billion last year, said Bloomberg New Energy Finance Chief Executive Officer Michael Liebreich.
Jones Lang Lures CB Richard Ellis Team for Investment Banking (Bloomberg)
March 17 (Bloomberg) -- Jones Lang LaSalle Inc. , the second-biggest publicly traded commercial property broker, hired an investment banking team from larger rival CB Richard Ellis Group Inc.
Renewable Energy Investment May Reach $200 Billion in 2010 (Bloomberg)
March 17 (Bloomberg) -- Renewable energy investment may rise by 23 percent this year as government stimulus funds mainly in the U.S. and Europe are spent on wind turbines and solar panels.
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 $1.26 or .7 percent, to $177.45. Morgan Stanley rose $.31 or 1.0 percent, to $30.62.
Fannie Mae slashes mortgage investment forecast (Reuters via Yahoo! News)
Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery.
Saints coach suing former player over investment (AP via Yahoo! Sports)
New Orleans Saints head coach Sean Payton and his wife have sued the team's former long snapper over a $144,000 investment tied to a now-defunct movie studio. The federal suit filed Monday by Payton and his wife, Elizabeth, is similar to one filed recently by Saints tight end Jeremy Shockey and former defensive lineman Charles Grant against Kevin Houser, now with the Seattle Seahwaks.
India, U.S. Sign Agreement on Trade, Investment Rules (Update1) (BusinessWeek)
India and the U.S. signed an agreement to set rules for trade and investment between the world’s most populous democracy and the largest economy.
U.S., India move to strengthen trade, investment ties (Reuters via Yahoo! News)
The United States and India signed an agreement on Wednesday to strengthen trade and investment ties, following through on a pledge leaders of the two countries made last year.
Saints coach joins players suing ex-Saint over investment (USA Today)
New Orleans Saints head coach Sean Payton and his wife have sued the team's former long snapper over a $144,000 investment tied to a now-defunct movie studio.
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 $1.15 or .7 percent, to $177.34. Morgan Stanley rose $.08 or .3 percent, to $30.39.
Bovespa to Rally 20 Percent, Valia Investment Director Predicts (Bloomberg)
March 17 (Bloomberg) -- Brazil’s Bovespa stock index will likely rise at least 20 percent this year, said Mauricio da Rocha Wanderley , investment director at the pension fund for employees of Vale SA, the world’s biggest iron-ore miner.
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 $.45 or .3 percent, to $176.64.
Shanghai May Allow Foreign Investment in Yuan Funds, Post Says (Bloomberg)
March 18 (Bloomberg) -- Shanghai’s financial district may begin trials for allowing foreign investment in yuan-denominated private equity funds, the Oriental Morning Post reported today, citing an unidentified person familiar with the situation.
Ex-investment banker jailed on fraud charges (NZPA via Yahoo!Xtra News)
A former investment banker who stole nearly $18 million in the country's largest employee theft has been jailed for six years.
Report: Local capital investment created, retained about 16,000 jobs (Pittsburgh Post-Gazette)
The $3 billion in capital investment that local companies announced in 2009 will be responsible for retaining or creating about 16,000 jobs, the Pittsburgh Regional Alliance Partnership, an
Investment 'protects Ford jobs' (BBC News)
Car maker Ford says skilled jobs at its Bridgend plant will be safeguarded after its investment plan won government backing.
Thai Board Of Investment Relaunches Tax Perks To Lure Business (Fox News)
Thai Board Of Investment Relaunches Tax Perks To Lure Business
Pakistan Evaluates 10 Investment Banks for Oil & Gas Bond Sale (Bloomberg)
March 18 (Bloomberg) -- Pakistan sought proposals from 10 investment banks to advise on a convertible bond sale of Oil & Gas Development Co. , the biggest stock on the country’s benchmark share index.
Extended Stay Hotels accepts investment offer from group led by Starwood Capital (Minneapolis-St. Paul Star Tribune)
GREENWICH, Conn. - Extended Stay Hotels says it has decided to take an investment offer worth up to $905 million from a group led by Starwood Capital Group in order to exit bankruptcy, abandoning an earlier proposal from Centerbridge Partners and Paulson & Co.
Foreign investment in Canadian securities continues rise in January (The Canadian Press via Yahoo! Canada News)
OTTAWA - Foreign investment in Canadian securities continued to increase in January, reaching $11.8 billion, with debt instruments continuing to attract the bulk of the inflow of funds.
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 $.89 or .5 percent, to $177.53. Morgan Stanley rose $.02 or .1 percent, to $30.30.
Lawyer: Former Democratic fundraiser, NY investment banker to plead guilty in bank fraud case (Minneapolis-St. Paul Star Tribune)
NEW YORK - A wealthy Manhattan investment banker who was once a top fundraiser for Hillary Clinton and other big-name Democrats intends to plead guilty in a federal bank fraud case, his lawyer said Thursday.
Lawyer: Former Democratic fundraiser, NY investment banker to plead guilty in bank fraud case (Minneapolis-St. Paul Star Tribune)
NEW YORK - A wealthy Manhattan investment banker who was once a top fundraiser for Hillary Rodham Clinton and other big-name Democrats intends to plead guilty in a federal bank fraud case, his lawyer said Thursday.
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 $.79 or .4 percent, to $175.85. Morgan Stanley fell $.47 or 1.5 percent, to $29.82.
Judge rejects SEC's decision to ease curb on investment bankers, analysts (Washington Post)
A federal judge rejected a decision this week by the Securities and Exchange Commission to relax one of several provisions put in place after the dot-com bubble to prevent collusion between investment bankers and analysts at Wall Street firms.
Pension fund OKs investment outsourcing (San Diego Union-Tribune)
Just months after outsourcing its top investment guru position, the county’s retirement system board voted yesterday to seek a contractor to handle its remaining investment oversight needs.
Detroit Medical Center purchase will bring $800 million in investment to Detroit (Crain's Detroit Business)
Terms of a deal for Detroit Medical Center to be acquired by a Nashville health system will bring at least $800 million in investment to Detroit over five years, with $500 million of the investment in new facilities.
Zimbabwe : Foreign Direct Investment an Unmet Expectation (AllAfrica.com)
WHEN the GNU came into effect a year ago there were high expectations on the "expected flood" of foreign direct investment (FDI). Many anticipated that the economy would get a boost from foreign capital directed towards the ample opportunities the country presents.
Ten Tips to Improve Your Investment Results (Guru Focus)
By David G. Dietze. No ten step program will substitute for years of actual investment experience. But, here are ten pieces of investment advice that will help both duffers and sharpshooters navigate the tricky investment waters. Read more » »
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 $.67 or .4 percent, to $176.78. Morgan Stanley fell $.29 or 1.0 percent, to $29.79.
Russia's fixed investment slides in February (RosBusinessConsulting)
RBC, 19.03.2010, Moscow 17:45:19. Russia's investment in fixed capital dropped 7,4 percent to RUB 418.7bn (approx. USD 14.32bn) in February 2010 compared to the same month of the previous year.
County investment board meets, selects 12-month CD (Mount Vernon News)
MOUNT VERNON -- The county investment board met Thursday morning to select which bank will receive the county's next certificate of deposit.
Health Bill Would Add 3.8% Tax on Investment Income (Update4) (Bloomberg)
March 18 (Bloomberg) -- Democratic congressional leaders would raise to 3.8 percent the Obama administration’s proposed new Medicare tax on investment income to generate an estimated $210 billion to help fund a health-care overhaul plan.
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 $1.03 or .6 percent, to $176.42. Morgan Stanley fell $.27 or .9 percent, to $29.81.
Idaho wins fraudulent investment lawsuit (KBCI Boise)
A 4th District Judge has ordered two men and their businesses to pay $5 million for violating state investment rules.