Archive for March 10th, 2008

Autogrill Buys Duty-Free Businesses for $1.5 Billion (Update4)
Bloomberg - S&P rates the bonds BBB+, the third-lowest investment grade. Heathrow Complaints Ferrovial wants to refinance BAA’s debt to grant 4 billion pounds of investment in time for the 2012 London Olympics.

Accuray to Present at Citi Investment Research Small & Mid-Cap
MSN MoneyCentral - SUNNYVALE, Calif., March 10 /PRNewswire-FirstCall/ — Accuray Incorporated ARAY , a global leader in the field of radiosurgery, announced this day that its management is scheduled to present at the Citi Investment Research Small & Mid-Cap Conference at

Rudd declares war on binge-drinking with $53m fund
News.com.au - A $14.4 million investment in community initiatives (will) confront the culture of binge drinking, particularly in sporting organisations,” he stated.

Crude Oil Rises Above $107 to Record as Returns Outpace Stocks
Bloomberg - Clearly the fundamentals don’t matter at this point,” said Chip Hodge , a managing director at MFC Global Investment Management in Boston, who oversees a $4.5 billion energy-company bond portfolio. “We’ve seen bubbles in other markets over the years

Sun Life Financial Enhances Masters Variable Annuity Investment
MSN MoneyCentral - The U.S. division of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF) today introduced new investment options for its Masters Variable Annuity suite, including a new 90/10 Masters Model for customers seeking investments heavily weighted in stock funds

Walker’s World: The U.K. economy falters
United Press International - The third is that Britain remains by far the most attractive location in Europe for foreign investment. The latest World Investment Report produced by the U.N.

Milan shares close lower, tracking Wall Street, led by Prysmian
Forbes - MILAN (Thomson Financial) - Share prices shut lower, falling in the later part of the session on Wall Street’s weak performance, and led by Prysmian on lower broker price targets, and Atlantia on investment delays, brokers said. The Mibtel index

UPDATE 1-RESEARCH ALERT-Morgan Stanley cautious on US banks
Reuters - The investment bank cut its 2008 estimates on banks by $8.8 billion to take into account further expected write-downs in capital markets businesses.

Trusco Capital Management
Nashville Business Journal - Our firm philosophy centers on our purpose: to consistently provide investment performance with passion that delivers the highest level of client service. We support our philosophy and add value by: - Working closely with our clients to satisfy their

Bear Stearns’ Greenberg dismisses cash crunch speak
Reuters - NEW YORK (Reuters) - Bear Stearns Cos’ (BSC.N: Quote , Profile , Research ) chairman of the executive committee, Alan Greenberg, on Monday stated market speculation that the investment bank was facing liquidity problems were “totally ridiculous

China’s trade surplus plunges but analysts state exports should bounce
International Herald Tribune - The communist government is prodding China’s consumers to spend more in hopes of reducing reliance on exports and industrial investment to drive growth.

DEALTALK-Today’s sellers prefer cash deal to high-priced auction
Reuters - In M&A auctions now it’s often no longer about getting as many people as possible in and seeing who will offer to pay most, it’s about finding someone who actually has the money,” said one senior European investment banker.

Corzine, Rendell willing to raise money for Fla., Mich. revotes
Philadelphia Inquirer - Corzine, a multimillionaire from running investment firm Goldman Sachs, has spent $100 million of his own money to become governor and U.S. senator.

Spain’s victorious Socialists turn to economy
Boston Globe - Economists state Spain badly needs to make its exports more attractive and encourage inward investment in sectors other than property, notably by improving productivity as well as infrastructure and education.

Credit crunch sends Blackstone into the red
Times On the internet - Blackstone Group plunged $170 million into the red in its fourth quarter while executives at the US private equity giant received an eleven fold hike in annual pay and benefits. The company, whose sprawling investment empire spans buyouts, real

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