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Investment News 04/2013 (Page 4)



Investment Commission Sues State Teasurer Loftis
COLUMBIA, S.C. (AP) - The commission that oversees the state retirement fund is suing South Carolina Treasurer Curtis Loftis, arguing he's breaking the law for refusing to sign a check for an approved investment. The Retirement System Investment ...
Fitch Lowers Outlook on Alcoa's Investment-Grade Rating
Fitch Ratings lowered its outlook on aluminum maker Alcoa Inc.'s (AA) investment-grade rating, saying oversupply in the aluminum market may pressure its earnings. Fitch on Thursday affirmed Alcoa's issuer default rating and senior unsecured debt at ...
Stardock announces dev investment fund, showing two new games this year
Developer Stardock has announced the beginning of an investment fund to support up-and-coming developers. When Stardock sold distribution service Impulse to GameStop, it earned "some unprecedented opportunities," says CEO Brad Wardell. The fiscal ...
Investment AB Oresund Increases NAV by 10.6% in 1Q
Largest contributor to value increase was Bilia (BILI-A.SK), which accounts for 19.8% of Investment AB Oresund's portfolio. - 1Q net profit fell to SEK262.3 million from SEK389.2 million a year earlier. - 1Q operating profit fell to SEK254.4 million ...
Tiny emirate, huge political ambitions: Qatari investment booms
Qatar has recently invested heavily both within and outside of the Arab world: Its interests range from Egyptian bonds to luxury assets on the French Riviera. Experts believe the tiny emirate may be trying to buy itself a seat in global politics. The ...
China grants two new foreign investment licences in March
April 12 (Reuters) - China granted new investment licences to two foreign institutional investors in March, paving the way for them to buy Chinese stocks and bonds. The licences, under the Qualified Foreign Institutional Investor (QFII) scheme, were ...
JPMorgan Shrinks Compensation Costs 7% at Investment-Bank Unit
Investment banks have faced pressure to cut costs as revenue from trading, advisory and underwriting at the nine largest global firms fell almost 10 percent from 2010 through 2012. Executives have sought to lower compensation-to-revenue ratios while ...
Investment Scam Hits NFL, NBA Stars
Dozens of current and former NFL and NBA players may have been the victims of an investment scam. FINRA – the Financial Industry Regulatory Authority – filed a cease-and-desist order against Success Trade Securities, alleging the online investment firm ...
JP Morgan Debt Underwriting Carries Investment Bank Fees
The biggest bank in the country, J.P. Morgan, claimed the top spot in M&A advisory in the quarter but its billing in debt meant a whole lot more, it looks like. Scoring by investment banking fees, the top spot in debt underwriting led to an 11% gain in ...
California Governor Stumps for Chinese Investment
BEIJING — California governor Jerry Brown is in China this week, seeking Chinese investment in high-speed rail, renewable energy and technologies like electric vehicles. During the first leg of his trip to China, Brown spoke at China's prestigious ...
Gold plunges 4%, near $1500
So much for that weak dollar, huh? The Bitcoin craze may finally be peaking and now another "alternative" currency is plunging too: gold. Gold, which in its defense is at least a tangible asset, sank 5% Friday and fell below $1500 an ounce. Gold has ...
Eyevensys Receives Investment From Boehringer Ingelheim
Eyevensys said it received an equity investment from the Boehringer Ingelheim Venture Fund. Further details were not available. The company raised about $2.1 million in its first round of funding in January 2012. It said early investors – Innobio ...
Investment Group Attends GAME Forum in New York
The annual forum allows college students and faculty to network with leaders in the financial services industry and learn best practices in investment management. Attendees heard from keynote panels about the global economy, global stock markets and ...
HomeShop18′s $30M investment shows India's e-commerce market growth
“We are now on the throes of our next phase of growth, and we believe OCP Asia's investment will help put us on an accelerated path of growth,” said CEO Sundeep Malhotra, in a statement. The company is poised to take advantage of the rapid growth of ...
Tax changes may mean adjusting your investment strategy
If you're an investor, you need to pay close attention to the recent changes in the federal tax laws. The American Taxpayer Relief Act (ATRA), passed on Jan. 2, affects income and estate taxes, as well as capital gains and qualified dividends. Because ...
Chris Hansen's investment group raises bid to purchase Sacramento Kings
Chris Hansen's investment group raises bid to purchase Sacramento Kings. The Seattle Ownership Group announced Friday it has raised its bid to purchase the Sacramento Kings by $25 million. STAFF REPORT. STAFF REPORT The News Tribune ...
EU officials seek more private investment in jobs
"There was a shared view that we must begin to take tangible action to assist in developing a more balanced financial system in which banks, institutional investors and public authorities all play a role in supporting long-term investment in growth and ...
EU finance ministers discuss ways to boost growth
DUBLIN — With many of the European Union's economies mired in stagnation, EU officials are seeking to emulate part of the U.S. model for creating growth and jobs by fostering more private investment in businesses. Irish Finance Minister Michael Noonan ...
Darts Top Readers in Final Print Contest
The darts trumped the readers in the 49th—and final—Sunday Journal Investment Dartboard contest. Orange County Register reader Terry Applebaum's stock pick, electric automobile maker Tesla Motors, rose about 29% in the six months ended March 31, ...
EU finance ministers seek to emulate US and seek more private investment in ...
EU finance ministers seek to emulate US and seek more private investment in ...
ON THE MONEY: Investment experts provide three investment tips
In a recent interview, two investment gurus, Burton Malkiel and Charlie Ellis, shared three investing guidelines for those of us who are building or maintaining their retirement nest eggs. One of the reasons that I also like these two giants is that ...
Jerry Brown Seeks Investment In China
The week-long trade and investment mission includes lunches, forums and signings of government-government agreements in Beijing, Nanjing, Shanghai, Guangzhou and Shenzhen. Those cities are among the most developed in China. Shanghai is China's ...
Gold to be a lousy investment in the next decade
Gold to be a lousy investment in the next decade. History shows that gold fluctuates crazily, so it can look a fabulous investment for some time and then become a total disaster. Gold below Rs 28k for the first time since 2011 · Are investors losing ...
Local view: Special education a good investment
Local view: Special education a good investment. Special education may be squeezing classrooms and costing districts money, as two days of News Tribune coverage reported last month, but it has been invaluable to our family. By: James and Beth Wilde, ...
Compass: Oil tax reform an investment in state's long-term prosperity
Alaska earned its petroleum investment over the past 50 years. We worked with the oil industry as partners; we provided competitive tax rates and a reasonable regulatory environment. Our economy, our schools, our roads and over 90 percent of what ...
Understanding Gold: Currency? Investment? Commodity?
A recent CNBC survey of 800 Americans found that gold was named as the best investment choice. The yellow metal was ahead of real estate, stocks, savings accounts and bonds with 35% of survey participants choosing it. Gold has had a spectacular rise ...
Ishai Davidi signs on El Al investment
FIMI CEO Ishai Davidi said, “Signing on the investment in El Al is a very important step on a long road to closing the deal. Closing the deal is a complicated task, which requires cooperation by all the parties at the airline and in the business ...
Kerry Welcomes Chinese Investment in America's Infrastructure
"We welcome Chinese investment in the United States. And a very, very small percentage of investment is subject to a process where we have a security evaluation because of the nature of the business or the particular location. But it's very, very few ...
Kyle Busch is making Gibbs' investment pay off this season
The Kansas City Star. FORT WORTH, Texas — NASCAR team owner Joe Gibbs dug a little deeper in his pocket, and Kyle Busch has delivered a return on the investment. Order Reprints. Larry Papke Sprint Cup Series's Kyle Busch (18) celebrates by firing six ...
Clean Energy Investment Falls 22% as Subsidy Cuts Stall Projects
Clean energy investment slid 22 percent to its lowest level in four years as nations pared subsidies for technologies from wind turbines to solar power and financing in China and Brazil stalled. The $40.6 billion invested in the industry in the first ...
China Q1 property investment up 20.2 pct on yr
BEIJING, April 15 (Reuters) - China's real estate investment rose 20.2 percent in the first quarter of 2013 from the same period a year earlier, while revenues from property sales in the country rose 61.3 percent, the National Bureau of Statistics said ...
Investment Firm Expects AWS Will Hit $20 Billion In Revenues By 2020
In times of disruption, something like AWS may actually exceed investment analyst projections. Conversely, AWS success is not a certainty. Technologies may advance that will flatten AWS advantages or Amazon can't scale the group's services fast enough ...
LVMH Private Equity Fund Makes 2nd Australia Investment
L Capital Asia, a private-equity firm backed by LVMH Moet Hennessy Louis Vuitton (MC.PA), has made its second investment in Australia, a person familiar with the matter said Monday. L Capital, also backed by Groupe Arnault, the holding company of LVMH ...
Solar incentives create jobs, investment
Regarding the letter "Don't use taxpayer money for installing solar panels" (April 12): For organizations that install solar, there are rebates available from investor-owned utilities, as well as a federal Investment Tax Credit. As an asset, solar is ...
5 Reasons Why An Investment In Fuel Tech Could Hit A Home Run
These TIFI programs incorporate design, modeling, equipment, reagent, and service to provide a complete customized on-site programs designed to improve plant operations and provide a return on investment beyond helping meet and emission regulatory ...
Deutsche Bank sees investment banking margins improving
FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> said it expects margins to be elevated from current levels in its sales and trading division as a result of market consolidation and capital pressure. Revenues from fixed income products are expected to ...
Deutsche Bank investment bankers' pay averages 170627 euros
FRANKFURT – Investment bankers at Deutsche Bank were awarded an average 170,627 euros ($220,000) in compensation for 2012, compared with a 103,757 euros average for all its employees. Total compensation fell 2.5 percent across the bank's 98,219 ...
Citi profit rises 30 percent as investment banking grows
Citigroup, which is reviewing some of its weaker operations around the world, said revenue from its securities trading and investment banking business rose 31 percent to $6.98 billion in the first quarter. Excluding accounting adjustments linked to ...
Loftis agrees to fund investment; status of lawsuit unclear
COLUMBIA, SC — State Treasurer Curtis Loftis has authorized a $50 million investment in the state retirement fund, potentially ending a lawsuit after he refused to sign the check last month in an unprecedented attempt to block a decision by the South ...
Secretary Kerry To Participate in a Google+ Hangout on US Investment in ...
Secretary Kerry To Participate in a Google+ Hangout on US Investment in ...
Calpers opposes California bill on broad firearms investment ban
SAN FRANCISCO (Reuters) - The investment committee of the biggest U.S. public pension fund voted on Monday to oppose legislation seeking to prevent the fund from investing in any company making firearms or ammunition for any market other than the ...
fDi Magazine: Richardson ranks No. 3 for foreign direct investment for a city ...
fDi Magazine: Richardson ranks No. 3 for foreign direct investment for a city ...
Scottsdale investment firm scooping up Ohio restaurant properties
While Store Capital has made a significant investment in Dayton in the last year, it does not look for opportunities in Dayton specifically, but it looks for good single-tenant real estate locations with strong business operations, and that has opened ...
President Proposes Landmark Investment in Early Learning
President Obama's 2014 budget proposal calls for a historic investment in early learning that marks the boldest expansion of educational opportunities in a generation. This shows the president is being both smart and serious about removing barriers to ...
Debelle Says Aussie Supported by Resource Investment Inflows
“The capital inflow to the resource sector to fund investment along with the increased purchases of government debt, have been putting upward pressure on the currency,” Debelle said in the text of a speech in Canberra today. “At the same time, the ...
Denver investment manager settles with SEC in Delta Petroleum insider trading ...
Denver investment manager settles with SEC in Delta Petroleum insider trading ...
Chinese Companies Seek Technology, Brands in Overseas Investment
“This is a major trend and investment is growing twice even three times as fast as economic growth,” Andre Loesekrug- Pietri, founder and managing partner of A Capital, said in a telephone interview. “But when you look at the numbers, they are still ...
UBS Hires Nomura Executive, Adds Investment Bank Role
William Vereker will join Zurich-based UBS as head of investment banking services for corporate clients in Europe, the Middle East and Africa on June 1, the bank said in a statement. He had previously served as co-head of global investment banking at ...
Europe: The Sick Man of Investment Banking
When he accepted the Oscar for writing the Chariots of Fire screenplay in 1981, Colin Welland famously announced “the British are coming”. In the world of finance, it has been the Americans who have been taking over the world for the past three or four ...
Canada Welcomes More China Energy Investment
"That's a message I've carried to the Chinese leadership here: that Canada continues to welcome Chinese investment, not only in the energy field, but broadly across the Canadian economy," he said. He added, "The clarifications that were made with ...