The News Review:
- INTERVIEW: Nokia To Continue Investing In Services – CF
- Water officials investing $100 million
- Brilliance Auto investing $439 mln in China plant
- ‘¢ Cleveland’s Remodelhio expo focuses on investing in your home
- Marcella & Sons investing $2.4M in new showroom distribution center
INTERVIEW: Nokia To Continue Investing In Services – CF
CNNMoney.com
(NK) will continue to invest in consumer-oriented services even as it cuts operating expenses to adapt to slower saleschief financial officer Rick Simonson told Dow Jones Newswires in an interviewfollowing the handset maker’s fourth-quarter report Thursday. Nokia the world’s largest mobile handset maker earlier Thursday forecastthat industry mobile device volumes will fall some 10% in 2009 from 2008 hit bythe weakening global economy. As a response to declining volumes it said itwould cut operating expenses and invest at a slower pace. “We have to make sure that we continue to operate at a sufficient operatingprofit margin” Simonson said but added that his company “will continue toinvest where there’s new value going to be created. ” In particular he said Nokia will focus on consumer-oriented services such asmapping music and games.
Water officials investing $100 million
Signal CA
This week members of the Castaic Lake Water Agency’s Finance and Administration Committee recommended the board revise its policy on how to invest $100 million in its general agency fund. They want the board to hire a private company to deposit several large sums of the agency’s money in several banks in an effort to guarantee it’s all insured. “First of all we look at investing in ways that are safe” said Valerie L. Pryor the agency’s administrative services manager. “Then we look at meeting our cash flow needs and then finally once both those have been met we go with the option that offers the higher return” Pryor said Thursday. “Safety of Principal” tops the investing goals identified by the finance committee as its “foremost objective. ”Safety of Principal: Investments should be made in a way that preserves capital in the agency’s overall portfolio.
Related from Wateresources: Board f Water Supply Cancels Windward Conservation
Brilliance Auto investing $439 mln in China plant
Reuters
HK) said on Thursday it is investing 3 billion yuan ($439 million) in a new car plant in northeast China. The plant with designed annual.
‘¢ Cleveland’s Remodelhio expo focuses on investing in your home
The Plain Dealer – cleveland.com H
At least that’s the idea behind this year’sRemodelhio Show sponsored by the Professional Remodelersof hio. The show which last year had an attendance ofbetween 25000 and 30000 visitors is Thursday Jan. 29through Sunday Feb. 1 at the International ExpositionCenter in Cleveland.
Marcella & Sons investing $2.4M in new showroom distribution center
Bizjournals.com NC
4 million in a new retail showroom and distribution center on Broadway in downtown Schenectady. The appliance dealer which opened its first store in the city’s Mont Pleasant neighborhood 56 years ago will have a bigger showroom and greater visibility in the new 16750-square-foot building. It will be located near. The existing store on Crane Street in Mont Pleasant will continue selling scratch-and-dent appliances and serve as the main warehouse. “We did it basically to expand our focus” Marcella said.