Archive for February 7th, 2008

Warhol, Richter Lose Investment Appeal at Auction (Update2)
Bloomberg - Feb. 7 (Bloomberg) — Francis Bacon, Andy Warhol and Gerhard Richter, whose escalating prices lured collectors such as hedge- fund manager Steven Cohen and jeweler Laurence Graff, might be less attractive investments as stocks slump and earnings at

Judd speculation below the belt
News.com.au - Judd represents a six-year investment for his new club, a commitment worth an estimated $7.5 million. Why, six weeks before the begin of the first of those six seasons, would the Blues have him aggravating the problem that ruined his final season at

Change beyond the ballot
Salon - Today, thanks to an investment of funds from the Democratic National Committee, Sanders has a full-time staff — a beneficiary of DNC chair Howard Dean’s drive to revitalize the celebration in all 50 states. When I asked him why he stuck with the celebration so

The Investment Column: Times are tough for Yellow Pages, but don’t
The Independent - In the internet age the Yellow Pages phone book dumped at the front door is becoming increasingly redundant. Many are probably lobbed into the recycling bin before they’re even opened. Shares in Yell, the company which publishes the directory here

Brokerages’ On the internet Sites Can Still Lag
CNN Money - Banc of America Investment Services also did well. Clients waited an average of 10.29 seconds between 9:30 and 10:30 a.m. EST on Jan. 22 vs. 81.67 seconds between 3 and 4 p.m. on Feb. 27. Ameritrade and Charles Schwab didn’t fare as well. Ameritrade

Police numbers ‘unsustainable’
Western Telegraph - Labour’s investment in police numbers has been trumpeted by successive home secretaries as one of the party’s most important law-and-order accomplishments. But Sir Ronnie concluded: “There is widespread recognition amongst the leadership of the service

Japan stocks ease while Australian shares bounce
International Herald Tribune - Shares have come down to a level that attracts bargain hunters, but investors are inclined to sell ahead of the weekend,” stated Yoku Ihara, manager of investment information department as Retela Crea Securities. Fanuc fell 2.2 percent to ¥9,100 after

FAA Budget Request Provides Important Investment
Forbes - ARLINGTON, Va., Feb. 7 /PRNewswire-USNewswire/ — Federal Aviation Administration funding in the administration’s budget request includes significant increases in facilities and equipment, NextGen systems and research investment — positive steps for

Rio Tinto and partners to spend $691m on smelter upgrade
News.com.au - TAKEOVER target Rio Tinto has committed to spend $US617 million ($691.74 million) with its partners to modernise and extend the life of the Boyne Island aluminium smelter in Queensland. The investment will finance the construction of a new baking

U.S. Congress passes economic stimulus package to fend off recession
Xinhua News Agency - This bill will help to stimulate consumer spending and accelerate needed business investment.” Treasury Secretary Henry Paulson also welcomed the approval, saying it would help inject money into the stressed U.S. economy swiftly.

Studies Say Clearing Land for Biofuels Will Aid Warming
Washington Post - requiring any new ethanol plants to produce a fuel that is 20 percent more efficient than gasoline, and even more stringent standards for advanced biofuels, he added, “Once you set the standard, then it’s going to drive where the investment is made

Nikkei tripped up by weak data, bonds supported
International Herald Tribune - Shares have come down to a level that attracts bargain hunters, but investors are inclined to sell ahead of the weekend,” said Yoku Ihara, manager of the investment information department as Retela Crea Securities. Japanese financial markets will be

TurnHere gets $7.5M VC investment
MSN MoneyCentral - TurnHere Inc. has landed $7.5 million in venture capital funding from Venrock and Hearst Interactive Media, the company stated Thursday. The Emeryville on the web video company will use the money to expand its services and build its in-house production

Soon, doctors on contract
Times of India - Confederation of Indian Industry (CII) president and telecom major Bharti chief Sunil Mittal and Bihar CM Nitish Kumar have identified agriculture and tourism as key sectors for private investment in the state. Left flays cops for killing villager 7

Comments No Comments »

IBM Awarded National Security Bureau High Assurance Platform (HAP
MSN MoneyCentral - IBM will use COTS (commercial off the shelf) software and hardware in order for both public and private sector organizations to take advantage of the investment in these advanced security improvements. IBM will leverage its work in secure

La. Congressman Indictment Still Valid
Forbes - Prosecutors allege he used his influence as chairman of the congressional Africa Investment and Trade Caucus to broker deals in Nigeria, Ghana, Cameroon and other African nations on behalf of those who paid bribes to him. Copyright 2008 Associated

UPDATE 1-Toronto stocks rebound after 100-point fall
Reuters - The markets are overly reactive to both positive and negative announcements, and on any given day we are going to see tremendous volatility for the next three to six months,” stated Michael Sprung, president of Sprung and Co Investment Counsel. But

Ecuador warns foreign oil firms to boost investment
Reuters - QUITO, Feb 7 (Reuters) - Ecuadorean President Rafael Correa said on Thursday he will take measures against foreign oil companies that fail to boost investment in the OPEC nation. “This year (private) investment is halted while we renegotiate

Phoenix Cos. to Spin Off Asset Division
Forbes - Insurance and investment provider Phoenix Companies Inc. stated Thursday it intends to spin off its asset management unit, Phoenix Investment Partners, by the third quarter. Current Phoenix shareholders will receive shares in the new company. The new

Dutton Associates Announces Investment Opinion: Patriot Scientific
MSN MoneyCentral - Dutton Associates continues its coverage of Patriot Scientific PTSC maintaining its rating and price target at Speculative Buy and $.92 respectively. The 14-page report by Dutton senior analyst Richard W West, CFA is available at www.jmdutton.com as

UPDATE 1-UBS analysts criticise Fitch’s CDO overhaul plan
Forbes - We anticipate this proposal could lead to a wave of downgrades for existing deals and trigger forced selling (by investors limited to owning investment grade or AAA assets),” credit strategists Etienne Varloot and Efrosyni Charalampidou wrote in a report

Dina McGreevey won’t see assets of husband’s partner, judge rules
Newsday - ELIZABETH, N.J. - Former Gov. Jim McGreevey’s partner won’t have to reveal his salary or stock portfolio but does have to turn over some financial statements, a judge ruled Thursday. Mark O’Donnell, an Australian-born investment manager, will have to

Norway’s say railroad NSB announces biggest-ever investment: up to
MSN UK News - Norway’s state railroad NSB ASA stated Thursday it plans to buy 40 to 60 locomotives complete with passenger cars in the biggest single investment in its more than 150 year history. NSB stated five companies have been asked to bid to provide those train

Gateway Energy Corporation to Present at the IPAA Oil & Gas Investment
Forbes - HOUSTON, Feb. 7 /PRNewswire-FirstCall/ — Gateway Energy Corporation (OTC Bulletin Board: GNRG) (”Gateway”) this day announced that Robert Panico, President and Chief Executive Officer, and Chris Rasmussen, Chief Financial Officer, will present at the

H&R Block’s ‘Second Look’ Review Finds Missed Deductions, More massive
MSN MoneyCentral - Business Services (accounting, tax and business consulting services primarily for midsized companies); and Consumer Financial Services (brokerage services, investment planning and related financial advice along with full-service consumer banking

Granholm budget: More for schools, communities, job training
Detroit News - It provides an economic stimulus to help create jobs, increases our investment in education, strengthens our health care and puts additional police on the streets — all with no new taxes and no new fees.” The budget proposal includes $235 million in

A-TEC buys Serb copper complex, ups investment
Reuters - BELGRADE, Feb 7 (Reuters) - Austria’s A-TEC (ATEC.VI: Quote , Profile , Research ) on Thursday signed a deal to buy Serbia’s troubled copper complex Bor for $466 million plus $230 million in investment, higher than originally pledged, Serbia’s

Michael Jackson Coughs Up $$$ in Taxes on Neverland
FOX News - So there was no synergy even between the WMG $18 million investment and the shows. There was no opportunity to sell CDs or downloads or anything off the investment. Ironically, Prince, the opening act, had long ago left Warner Music after writing the word

Kass: Even I Can’t Pass Up Cheap Cisco
Street.Com - earnings cuts. Those persistent economic bulls who have been preoccupied by backward-looking and faulty government statistics should stand up and take notice of Cisco’s conference call — and superior quickly recognize that business fixed-investment

Comments No Comments »

Close
E-mail It