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Investment News 07/2014



Attorney in Ball State investment scam disbarred
“She also misrepresented the nature of the investment, which was in clear violation of our investment policy,” Proudfoot said. Prizevoits was fired in 2011. According to the State Bar of California, an administrative arm of the California Supreme Court ...
Data center company Involta gets $50 million investment
A Cedar Rapids-based data center company received a guarantee of $50 million from two investment firms, an infusion the company says will allow it to expand its already growing reach. Involta, which operates seven data centers in five states, closed a ...
Shanghai Trims List of Restrictions on Foreign Investment
SHANGHAI — The Shanghai government has shortened its list of sectors in which foreign investment will be banned or restricted in the new Shanghai free-trade zone, but the changes make it only slightly easier to enter the Chinese markets. The municipal ...
Why you won't fit into the investment bank of the future
Is your investment banking career for life, or just for an intense period of your mid-20s and early 30s? What are the signs that you should be preparing for a future adrift from the banking sector - if not now, then in five years' time? Banking has ...
Colliers trio fills investment sales role in San Jose
“We'll be able to connect really well with the San Francisco team, we're here in Silicon Valley, and we have a great investment team in Southern California that's making some great inroads,” he said. The pair will be joined by vice president Lindsey ...
Ex-NBA Star Turned Entrepreneur Fights For Veterans (And His Investment)
Former NBA star David Robinson's latest investment seeks to bring quick business savvy to veterans. (image credit: Wikimedia). There are a lot of reasons to look up to former NBA basketball player David Robinson. The first, of course, is that he's 7 ...
Lew: US-China investment deal not nearing completion
Lew said a Bilateral Investment Treaty (BIT) won't be completed by U.S. and Chinese officials when they meet July 9-10 in Beijing for the latest round of the U.S.-China Strategic & Economic Dialogue. ADVERTISEMENT. Even though China agreed last year to ...
Blue Atlanta Attracting Investment Away From Red Georgia
The resurgence signals a triumph for a city that has spent decades defending its racial tolerance and investment in public transport against attacks and indifference from the rest of the state. As with many cities in Republican-controlled states ...
Advice To Europe: Don't Strangle Tech Investment
To a significant extent, it's because of greater ICT investment and utilization in the US across industries, not just in high-tech ones. EU companies must invest more in ICT (they spend just 70% of what US companies spend on ICT) and get more bang for ...
Up in Arms: Foreign Investment in Indian Defense
No sooner had India's new government announced its intention to move forward with a promised revision of foreign direct investment (FDI) in the defense sector, mooting a 100 percent FDI limit (up from the current 26 percent), and a backlash began. In ...
Montebourg's Misérables
Foreign direct investment in the French economy has dropped by 94% over the last decade, to less than $5 billion in 2013 from an average of $84 billion a year in 2005-07. That's according to a new report from the United Nations Conference on Trade and ...
Barclays Investment Bank Hires in Africa as Mergers Pick Up
“Corporate banking is going nicely but slowly and investment banking is doing very nicely,” Stephen van Coller, chief executive officer of the unit, said in an interview in Johannesburg on June 27. Investment banking was helped after markets stabilized ...
Montebourg's Misérables
The problem is that—unlike GE, which thanks to its sheer size can withstand a measure of political pressure—most investors are taking the lesson that they should stay out of France. Foreign direct investment in the French economy has dropped by 94 ...
Antioch hails $25 million business park investment
The investment is expected to boost property taxes and result in new jobs. "Those are huge benefits to the village," Nilsen said. The project will cover 23 acres of the available 80 buildable acres in the first part of a multiphased development. The ...
Mistakes People Make When Looking for Investment Advice Online
These days, you can get more investment advice than you need with a click of a mouse. But there are particular considerations for those looking to the Internet for guidance on what to do with their money. So we asked The Experts: What are the biggest ...
Investment banks jockey for $100 million Samsung restructuring bonanza
HONG KONG/SEOUL (Reuters) - Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea's top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more ...
US factory orders hurt by defense; investment appetite positive
The Commerce Department left unchanged its previous estimate for a proxy for business investment demand, with new orders for non-military capital goods other than aircraft rising 0.7 percent in May. (Reporting by Jason Lange; Editing by Paul Simao) ...
Empire Genomics picks up $1M investment
“This governmental investment in creating a consortium of the region's premier health care, life sciences research and medical institutions is now resulting in spin off businesses, like Empire Genomics, that are commercializing these opportunities ...
Report: Global FinTech Investment Will Grow to at Least $6 Billion by 2018
Financial services technology has become one of the fastest growing areas for venture capital investment, according to a study released by Accenture and the Partnership Fund for New York City. Global investment in financial services technology ventures ...
First-half investment bank fees at highest since 2007
Global investment banking fees totalled $47.1 billion in the first six months of the year, compared to $42.2 billion last year, according to data from Thomson Reuters and Freeman Consulting. That was the highest level since 2007, when investment banks ...
Portugal Telecom Director Resigned Over Investment in Espirito Santo
A day later, the telecom company said two board members had resigned, without providing further details. Otávio Marques de Azevedo, one of the directors who resigned, told The Wall Street Journal Wednesday he got to know about Portugal Telecom's ...
Will Ethiopia's New Sovereign Credit Rating Increase Foreign Investment?
However, the Ethiopian government announced late last year that it would be seeking a sovereign credit rating to attract foreign investment rather than to issue debt. Unlike international borrowing, foreign direct investment (FDI) puts little or no ...
Union Station Investment To Drive Development
DENVER (CBS4) - The redevelopment of Denver's Union Station is a $1.7 billion project, funded with public and private money. The public and private partnership that's working on the project is turning Union Station into a transportation hub for the ...
Man awarded $8.1M in BB&T investment suit
Under an agreement with Maybank, the bank promised to be his wealth manager and make “suitable and appropriate” recommendations for an investment program and investment guidelines for his assets, according to the filings. However, rather than ...
3/4 of Hobby Lobby's investment funds include contraception, abortion services
Hobby Lobby is so offended by the idea of contributing to its employees' birth control expenses that it fought all the way to the Supreme Court over the issue. But its retirement plan has over $73M sunk into funds that include companies that make ...
Investment Firm Makes No Promises Charney Will Play Role at American Apparel
And that firm, Standard General, is making no promises that Mr. Charney will play a role at the company in the future. Mr. Charney reached an agreement with Standard General on Friday to buy American Apparel shares from the firm, boosting his holdings ...
Yuri Milner's DST Global launches its fourth investment fund
DST Global, which is controlled by Russian billionaire Yuri Milner, has launched its fourth investment fund — DST Global IV. The news was reported last week by Russian business daily Vedomosti based on documents posted on the website of the U.S. ...
Investment Policy 'Favours Foreigners'
Mr Minde who runs Kilemakyaro Mountain Lodge at Moshi, Laitolya Tours & Safaris Ltd and several hotels in Arusha alleged that a vivid example is on investment in natural resources such as land and minerals. He was contributing to a review of The ...
Charney investment deal doesn't guarantee return to American Apparel
Ousted American Apparel Chief Executive Dov Charney has regained control of a large chunk of the company's stock, but that strategy has tethered him to the strategic vision of the investment firm that allowed him to buy those shares. Charney entered ...
PetSmart Remains a Well-Priced Investment Idea
Shares of PetSmart (NASDAQ: PETM ) have quietly outperformed the market over the past five years. Spending on pets reached a new high of $56 billion in the United States during 2013, and most analysts expect that number to continue to grow each year ...
Fort Bend County budget director recognized for excellence in investment ...
Fort Bend County budget director recognized for excellence in investment ...
Edward Jones receives investment services award
Financial services firm Edward Jones won the 2014 TNS Choice Award for outstanding performance in investment services from TNS, a global research consultancy. The TNS Choice Awards recognize financial-services firms and banks that outperform their ...
Beware Investment's Theory of Relativity
More broadly, investment cases are increasingly being made on arguments about relative value—that returns on one instrument or asset class will be higher than on another, all else being equal. Concepts of absolute value—whether asset classes or ...
Wing House sold to investment fund
The deal includes 24 restaurants across Florida — a 25th will open soon — to a Tampa-based private, family investment fund called Third Lake Capital. The fund is run by Ken Jones, the former top executive of the Republican National Convention Host ...
BMW's $1 billion plant surfs Mexican investment wave
DE) revealed a $1 billion Mexican plant investment on Thursday, becoming the latest in a line of major automakers to take advantage of the country's growing industrial base and tariff-free access to the U.S. market. BMW outlined plans to build a ...
Here's Why Owning Your Own Home Really is a Good Investment
According to a recent Gallup poll, more Americans are beginning to view real estate as a viable long-term investment. Thirty percent of those surveyed early last month took this view, up from 25% just a year ago. Gallup credited an improving housing ...
Is Gap Still a Worthwhile Investment?
Economic doldrums and intense competition have forced clothing retailers like Gap (NYSE: GPS ) , American Eagle Outfitters (NYSE: AEO ) , and Abercrombie & Fitch (NYSE: ANF ) to operate on lower prices. This has in turn resulted in sluggish growth for ...
UPDATE 3-BMW's $1 billion plant surfs Mexican investment wave
"With this investment, Mexico is stepping up to premium-level production of global vehicles," Mexican Economy Minister Ildefonso Guajardo said as the plant was announced. BMW did not reveal what type of vehicle it will build, and a spokeswoman for the ...
BMW's $1 billion plant surfs Mexican investment wave
DE) revealed a $1 billion Mexican plant investment on Thursday, becoming the latest major automaker to take advantage of the country's growing industrial base and tariff-free access to the U.S. market. BMW outlined plans to build a factory in the ...
Chongqing Steel Surges on Posco Joint Investment: Shanghai Mover
The state-owned parent, Chongqing Iron & Steel Group, is also looking for private investment in its iron ore project in Australia, the Chongqing State-owned Supervision and Administration Commission said June 30. The steelmaker is joining companies ...
Which LNG Tanker Company is the Better Investment, Teekay LNG Partners or ...
Which LNG Tanker Company is the Better Investment, Teekay LNG Partners or ...
INVESTMENT FOCUS-Euro stragglers may be tempted to borrow their troubles ...
INVESTMENT FOCUS-Euro stragglers may be tempted to borrow their troubles ...
Grenville Completes Investment in INOVx Solutions
"Grenville is tremendously excited about our investment in INOVx", said William (Bill) R. Tharp, President and Chief Executive Officer of Grenville. "Tino (Costantino) Lanza and the management team at INOVx are well known as the top echelon within the ...
Bank of America Names Co-Heads of Investment Banking in Britain
They will report to Bob Elfring and Diego De Giorgi, co-heads of corporate and investment banking for Europe, the Middle East and Africa at Bank of America Merrill Lynch. “Our U.K. business continues to be a critical area of focus for us, and with this ...
What Obamacare means for your investment portfolio
If you could take the pulse of the health-care sector, it would be racing. As the Affordable Care Act takes hold in the daily lives of Americans, the law has removed long-standing barriers keeping people from buying health insurance, changed the ways ...
Fund makes first Iowa investment
A new investment fund in Iowa will pour $4 million into a Des Moines-based technology company, helping the business more than triple its workforce. Next Level Ventures has raised $30 million to invest in Iowa companies since debuting earlier this year ...
Hobby Lobby Investment Angers Liberals Anew
Days after the June 30 Supreme Court decision ruling in favor of Hobby Lobby's right to religious freedom, which angered liberals nationwide, news about its investments were publicized on social media. The court judgment was based on the Religious ...
Investment Trends Investment manager says tech stocks are next bull market ...
Investment Trends Investment manager says tech stocks are next bull market ...
Is Amazon an Attractive Investment?
With shares of Amazon (NASDAQ:AMZN) trading around $337, is AMZN an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let's analyze the stock with the relevant sections of our CHEAT SHEET investing framework: ...
City Center could lead foreign investment push
The economic impact of AsiaTown could be significant, potentially creating hundreds of jobs and a $12 million to $15 million investment in the growing city, Owens said. Her statement prompted some regional economic development officials to ponder EB-5 ...