The News Review:
- Swedish company investing $460M in Mobile
- Rio Tinto investing additional US$300 million in Kitimat modernization
- TRIRIGA User Conference Validates Urgency of Investing in …
- Garcia recasting strategy for $.4-B GSIS foreign investment
- Some Venture Firms Are Still Investing
- Global Financial Crisis Takes Center Stage at Socially Responsible …
- Earn high return by investing in Dividend-FD combo
Swedish company investing $460M in Mobile
Bizjournals.com, NC
us Digg This Swedish steel manufacturer SSAB plans to invest $460 million to expand its Mobile facility, increasing its capacity four times and adding 180 new jobs. The company said it will build a state-of-the-art heat treating facility at its Mobile plant and increase that facilities quenched and tempered steel capacity from 100,000 tons to 400,000 tons, said a news release. SSAB announced in April its intention to increase its capacity in the United States and chose Mobile after an extensive review. “This reaffirms SSAB’s focus on our value added quenched and tempered steel and our commitment to meet customers’ growing demand for such products,” said Olof Faxander, CEO of SSAB. “SSAB will further develop its strong production base in the United States, both in Mobile and Montpelier (Iowa), and we will continue to strengthen our strategy to be the global leader in high strength steel.
Related: Azuki Systems Announces Breakthrough in Mobile In-Video …
Rio Tinto investing additional US$300 million in Kitimat modernization
The Canadian Press, MONTREAL
Wednesday’s announcement came a week after the London-headquartered global mining and metals company had said it was reviewing all capital spending in light of the global financial crisis and slowing demand. Rio Tinto, which acquired Alcan Inc. a year ago in a US$38-billion deal, said the Kitimat investment “continues construction and maintains critical paths for the project, while we seek opportunities to reduce capital costs in the currently challenging economic climate. “The confirmed spending will ensure the launch of an anode baking furnace, substation, casthouse, and construction camp, as well as ancillary services.
TRIRIGA User Conference Validates Urgency of Investing in …
Business Wire (press release), CA
TRIRIGA User Conference Validates Urgency of Investing in Environmental Performance. css to create the news presentation used by BW.
Garcia recasting strategy for $.4-B GSIS foreign investment
Business Mirror, Philippines
4pt; mso-para-margin:0in; mso-para-margin-bottom:. 0001pt; mso-pagination:widow-orphan; font-size:10. 0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} THE state-owned Government Service Insurance System (GSIS) has decided that investing $400 million of its money in foreign-equity issues is too risky at this point, given the ongoing volatility in markets around the world. This has forced GSIS president and general manager Winston Garcia to recast the fund?s original investment strategy, and the agency would now award the mandate to wealth managers that specialize in fixed-income investing, as opposed to those favoring equity securities. ?We have readjusted our investment strategy in our global investment program [GIP]. We are assessing fund managers who are good in fixed-income investing,? Garcia said in a briefing on Wednesday. Earlier on Tuesday, former senator Ernesto Herrera advised the fund against prematurely investing an additional $400 million overseas.
Some Venture Firms Are Still Investing
Wall Street Journal Blogs, NY
Good news for startups: You can still get venture cash Sequoia Capital is leading a $15. 7 million third round of funding for mobile advertising startup AdMob. This is the venture firm’s first investment since the now infamous presentation it gave to the CEOs of its portfolio companies earlier this month a bleak overview of the state of the U. economy with a first slide titled: “R.
Global Financial Crisis Takes Center Stage at Socially Responsible …
MarketWatch
A record 720 participants are expected to converge on The Fairmont
Chateau Whistler, in Whistler, British Columbia. Several of the
scheduled conference sessions will feature experts discussing how
socially conscious investors can help to reshape the future of the
global financial system around the principles of transparency,
fairness, good governance, and long-term thinking, including:
– A CEO Roundtable on Industry Trends;
– A Banking Sector panel focused on Sustainable Global Finance;
– A session on Philanthropy and Mission-Related Investing;
– An expert panel on the Sub-Prime Mortgage Situation;
– A roundtable discussion with International SRI Industry Leaders;
– A discussion about how wise management of environmental, social, and
governance (ESG) issues can reduce risk and position companies to excel
over the long term; and
– A Special Session that will focus specifically on the global financial
crisis. “This is a unique opportunity for SRI leaders to strategize on
integrating the principles of socially and environmentally responsible
investing — such as responsible corporate governance — into the
nation’s financial infrastructure moving forward,” said Lisa Woll,
Chief Executive Officer of the Social Investment Forum (SIF). SRI in the Rockies, a collaboration between First Affirmative
Financial Network and the Social Investment Forum, is the premier
annual conference for the sustainable and responsible investment
(SRI) industry in North America. “The financial crisis has put a spotlight on some of the worst
practices on Wall Street, many of which socially conscious investors
have worked to remedy over the years,” said George R. Gay, CEO of
First Affirmative Financial Network and a Director of the Social
Investment Forum. “We believe that a more socially responsible
approach to investing can — and should — play a role in helping to
transform the investing world.
Earn high return by investing in Dividend-FD combo
Economic Times, India
We made a portfolio of six stocks, which pay higher dividends than the
average and then estimated the return ? which an investor would have
earned if he had invested in these stocks on April 1, 2003, and held on to his
investments till April 1, 2008. The reason why we chose April 1,
2003, as the starting point is that the bull run was just about to start then
and therefore, prices were very low, resulting in high-dividend yield. And
today, we have come full circle as there are so many stocks which are beaten to
such an extent that the dividend yield is as high as 10%, in some cases even
more. The six stocks, which we have chosen are Tata Steel, Varun
Shipping, HCL Infosystems, Chennai Petroleum Corp, Graphite India and Allahabad
Bank.