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Investment News 01/2009



Couple fear life savings is gone in investment scheme (Middletown Journal)
Larry and Shirley Lee fear they have lost their retirement and savings in an alleged investment scheme under investigation by state, federal and locals agencies including the Butler County Prosecutor's Office.
Couple fear life savings is gone in investment scheme (The Hamilton Journal News)
Larry and Shirley Lee fear they have lost their retirement and savings in an alleged investment scheme under investigation by state, federal and locals agencies including the Butler County Prosecutor's Office.
Investment community advised to ‘batten down hatches’ for 2009 (icWales)
INVESTMENT opportunities in 2009 will be few and far between, a senior figure in HSBC Wales’ operation has said.
Kevin Bacon, Kyra Sedgwick also Madoff investment fraud victims (New Kerala)
New York, December 31 : Kevin Bacon and his wife, actress Kyra Sedgwick, have also been dubbed victims of fraudulent investment operation headed by fund manager Bernie Madoff.
Investment bankers face uncertain landscape (International Herald Tribune)
After a year in which the business of arranging the sale of stocks and bonds plummeted, no one expects a quick recovery.
Investment bank revenues in Mideast slump to $837mn in 2008: Dealogic (Gulf Times)
DUBAI: Middle East investment banking revenues fell 44% this year as the world’s economic crisis took its toll on the oil-rich region, according to the latest data from Dealogic.
CIF calls for infrastructure investment (Irish Examiner)
THE Construction Industry Federation (CIF) has called for investment in public infrastructure projects through a build and leaseback form of public private partnership as one way of resurrecting the state’s ailing finances.
Steel Industry, in Slump, Looks to U.S. Stimulus (New York Times)
The steel industry, a bellwether for the state of the nation?s economy, is looking to the government for a huge investment program: up to $1 trillion over two years.
A boutique investment fund and advisory firm founded by Deutsche Bank’s former head of principal finance lost nearly ... (eFinancial News)
A boutique investment fund and advisory firm founded by Deutsche Bank’s former head of principal finance lost nearly £2m (€2.2m) in its first year of business, according to accounts filed with Companies House.
Shanghai sees growing foreign investment in office buildings (China Daily)
The Shanghai Municipal Commission of Commerce on Friday reported a "jump" of foreign investment in the city's office buildings in 2008 against a backdrop of slump real estate market across China.
Shanghai sees growing foreign investment in office buildings (People's Daily)
The Shanghai Municipal Commission of Commerce on Friday reported a "jump" of foreign investment in the city's office buildings in 2008 against a backdrop of slump real estate market across China. The city approved 58 foreign-invested real estate projects in the first 11 months of 2008, involving a total investment of 3.94 billion U.S. dollars, which was 66 percent more than that a year earlier, ...
Norton & Associates Inc. Adds $3bnUSD Commercial Real Estate Investment P & L Management Holding Group; US Property ... (PRWeb via Yahoo! News)
Robert H. Norton, MBA, PE, President of Norton & Associates with Divisions in NORTECH Realty, Investment, and Carbon Technology Management with the Carbon Credit Today.
Investment adviser receives designation (Press & Sun-Bulletin)
Binghamton Carol Gallagher, a registered representative and investment adviser of Metropolitan Life Insurance Co. and MetLife Securities Inc., was awarded the long-term care insurance industry's only third-party professional designation, the Certified in Long-Term Care credential, from the Corporation for Long-Term Care Certification.
Norton & Associates Inc. Adds $3bnUSD Commercial Real Estate Investment P & L Management Holding Group; US Property ... (PRWeb)
Robert H. Norton, MBA, PE, President of Norton & Associates with Divisions in NORTECH Realty, Investment, and Carbon Technology Management with the Carbon Credit Today. The group's announcement of a new holding corporation, US Property Portfolio, private equity land investments and the acquisition funding for liquidated failed commercial properties. With the current commercial market ...
Penang welcomes investment from St Jude Medical (The New Straits Times)
St Jude Medical, a medical device company, plans to invest US$30 million (RM108 million) in Penang. Chief Minister Lim Guan Eng said the investment will cover a 300,000 square-foot facility in Penang Island in the first phase of the company’s expansion.
Nigeria: Fashola Assures Investors of Security of Investment On Lagos Rail Project (AllAfrica.com)
Governor Babatunde Raji Fashola (SAN) has assured potential investors in the Lagos Rail Mass Transit (LRMT) projects of the security of their investment. He said the State has a robust legislation on law and order as well as one that secures the culture of civic responsibility.
What is the investment allowance? (Mondaq)
When does the investment allowance apply? What assets qualify? What assets do not qualify? What is the minimum cost?
Indian investment banking fees drop by a third in 2008 (The Economic Times)
Investment banking fees in India tumbled by more than a third in 2008 following a sharp fall in share sales in the worst year ever for Indian stocks, and bankers expect IPOs to return only by the second half of this year.
Package II: Govt raises FII investment limit (rediff.com)
The government on Friday increased the foreign institutional investment limit to $15 billion from $6 billion in domestic corporate bonds, a move that will provide a boost to foreign inflows into the country.
Govt doubles FII investment limit in second stimulus (Business Standard India)
The government today increased the FII investment limit to $15 billion from $6 billion in domestic corporate bonds, a move that will provide a boost to foreign inflows into the country.
Early Glance: Investment Banks companies (INO News)
(AP:NEW YORK) Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.13 or 1.3 percent, to $83.26. Morgan Stanley fell $.04 or .2 percent, to $16.00.
Noles appointed by Gov. Jindal to Workforce Investment Council (Minden Press-Herald)
Richard Noles of Heflin has been appointed by Governor Bobby Jindal to the Louisiana Workforce Investment Council (WIC).
Experts' investment choices for 2009 (Otago Daily Times)
This year investors will be trying to recoup some of their losses from the horrible investment year that was 2008. Business Editor Dene Mackenzie and Business Reporter Simon Hartley asked Dunedin sharebrokers for their best picks for the year ahead.
Atlanta's Buckhead Investment Partners raising $30M fund (TechJournal South)
ATLANTA - Buckhead Investment Partners Inc. is raising a $30 million venture fund, according to the Atlanta Business Chronicle. The firm will invest in early-stage companies focused on technology, specialty finance, clean tech, media, franchising and health care.
Treasury Releases Guidelines for Targeted Investment Program (United States Department of the Treasury)
Treasury today released the program description for the Targeted Investment Program under which the Citigroup investment that was announced on Nov. 23 was made.
Banks borrow more, investment firms less from Fed (Fort Worth Star-Telegram)
By JEANNINE AVERSA Commercial banks borrowed slightly more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program. The Fed report, released Friday, showed commercial banks averaged $86.6 billion in daily borrowing over the week ending Wednesday. That was up from $86.3 billion in average daily borrowing logged over the week that ended Dec. 24. ...
Banks borrow more, investment firms less from Fed (San Francisco Chronicle)
Commercial banks borrowed slightly more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program. The Fed report, released Friday, showed commercial banks averaged $86.6 billion in daily borrowing over the week...
Banks borrow more, investment firms less from Fed (Washington Post)
WASHINGTON -- Commercial banks borrowed slightly more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program.
Investment group to buy failed IndyMac for $13.9B (Los Angeles Daily News)
PASADENA - A private investment group headed by a former Goldman Sachs Group vice president will purchase failed Pasadena-based IndyMac Bank for about $13.9 billion, the Federal Deposit Insurance Corp. announced today.
U.S. private investment group to purchase IndyMac Bank (People's Daily)
The Federal Deposit Insurance Corp. (FDIC) announced Friday that its Board of Directors has approved the sale of failed IndyMac Bank to a private investment group. The group, known as IMB Management Holdings, will purchase IndyMack Bank for 13.9 billion U.S. dollars, according to FDIC. Steven Mnuchin, a former vice president of Goldman Sachs Group Inc., will serve as the consortium's chairman ...
Loose Change: Using IRAs for real estate investment (Fort Worth Star-Telegram)
We are looking into self-directing our IRAs into real estate investment. Could you recommend resources available to us for our education?
New fund promotes Florida's investment opportunities (Tallahassee Democrat)
If entrepreneurs have anything in common, it's the need they have for serious investment capital, the kind that takes their startups beyond what they can accomplish with savings, personal loans and the like.
Carmakers line up more investment, output cuts (Business Times (Malaysia))
MILAN/WASHINGTON: Global carmakers axed more output and investment yesterday as the industry faces an uncertain future as tight credit conditions and deepening consumer uncertainty cripple sales.
Couple fear life savings is gone in investment scheme (The Oxford Press)
HANOVER TWP. — Larry and Shirley Lee fear they have lost their retirement and savings in an alleged investment scheme under investigation by state, federal and locals agencies including the Butler County Prosecutor's Office.
India to double investment in science: PM (New Kerala)
By Syed Zarir Hussain, Shillong, Jan 3 : While announcing a doubling of the investment in science from one to two percent of the national income, Prime Minister Manmohan Singh Saturday urged the Indian industry to invest in research and development aimed at boosting science and technology so that young minds are attracted to seeking a career in science.
Market downturn makes seniors more vulnerable to investment scams: watchdogs (MSN Money Canada)
VANCOUVER, B.C. - For a lot of Canadians the turmoil in investment markets has made opening their retirement fund statements an exercise in dread.
Northwest Florida Sports Guy Pleads Guilty To Investment Fraud (WJHG Panama City)
Northwest Florida sports talk radio host Scott McKinney has pleaded guilty to charges involved in an investment. But other charges may be coming against him in other states.
Minister: Yemen will propose investment projects during Arab eco summit (MENAFN)
Minister: Yemen will propose investment projects during Arab eco summit
Rating services are not always a reliable investment source (The Oklahoman)
Dear Mr. Berko: Our investment club has three questions. First, how is it that Standard & Poor’s can give Fannie Mae an A rating and four weeks later it declares bankruptcy? Second, what is the next big concern in the stock market? Could it be a possible rise in the cost of oil, a huge federal deficit, or higher taxes? What do you anticipate? Third, all of us are older than 74, and all of us ...
ON THE MOVE: ESL Investment Services promotes Gates man (Rochester Democrat and Chronicle)
A Gates man has been promoted at ESL Investment Services.
How to find return on investment (The Charlotte Observer)
(By Heather Landy, Special to The Washington Post) Risk is out of the question. But the safest investments deliver almost nothing – especially now when interest rates are at record lows. So how do you squeeze out a decent return and still sleep soundly? One way is to replace low-yielding money-market accounts with certificates of deposit. You'll earn more interest, and if you choose a bank CD ...
(AFX UK Focus) 2009-01-04 11:39 TABLE-Israel foreign direct investment $356 mln in Nov (Interactive Investor)
Jan 4 (Reuters) - Foreigners injected $356 million of direct investment into Israel through local banks in November, after pumping in $444 million in October, the Bank of Israel said on Sunday.
Investment group to buy IndyMac (The Age)
A seven-member investor group including billionaire George Soros and Dell Inc founder Michael Dell have agreed to buy failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $US13.9 billion.
Shenzhen Investment Raises Stake in Shenyang Commercial Project (Bloomberg)
Jan. 4 (Bloomberg) -- Shenzhen Investment Ltd. , a Chinese government-backed investment company, paid 168 million yuan ($25 million) for control of a real-estate project in Shenyang.
Samsung mulls slashing 2009 chip investment: report (Reuters via Yahoo! News)
Samsung Electronics, the world's largest maker of memory chips, is considering cutting its 2009 investment in semiconductors by more than half from last year, the Korea Times reported on Monday, citing company sources.
Investment bank pushes executives to take action (BizJournals)
When you’re a small investment bank, cutting a lot of staff is not something you can do.
Before federal investment, Fidelity Bank weighed non-performing loans, economy (BizJournals)
Fidelity Bank chairman Clark Bastian says the bank’s growing number of non-performing loans played a role in its decision to accept an investment under the federal government’s financial rescue plan in late December.
Investment gives battery-maker some juice (BizJournals)
Kokam America Inc. landed an investment worth tens of millions of dollars in December as it quietly proceeded to power up its Lee’s Summit facility to make its cutting-edge battery packs.
CRE investment will be down across the board (BizJournals)
While the second half of 2008 has not been bad, the investment sales arena has been down about 70 percent on average, according to Steve Dils, executive vice president and managing director of Grubb & Ellis Co.’s Atlanta office.
Taiwan Aims to Boost Foreign Investment 10% in 2009 (Update1) (Bloomberg)
Jan. 5 (Bloomberg) -- Taiwan aims to increase foreign direct investment by 10 percent to $8.5 billion this year to spur the economy amid a global recession.