Ford Says It First Learned Of Kirk Kerkorian’s Interest In Investment In Early April

Ford Motor Co. said Friday it first learned that billionaire Kirk Kerkorian was interested in investing in the automaker in early April but was “completely unaware” that he had begun buying shares until later in the month.
Investment Guide In a government filing, Tracinda Corp. outlined an April 4 meeting between Ford Chief Executive Officer Alan [...]

Hawaii Holiday Home For Key

As the local housing market tightens, John Key buys an apartment in Maui. Political editor Ruth Laugesen reports.
National leader John Key has just got a late Christmas present most New Zealand families being squeezed by soaring interest rates and high prices would envy - Investment Guide a tropical holiday home in Hawaii.
Key confirmed to the [...]

Councils Face Tougher Investment Guidelines

Stricter investment guidelines are being forced on New South Wales councils after an inquiry found many face heavy losses because of risky investments.
Investment Management It has been estimated the collapse of the sub-prime mortgage market in the United States could see NSW councils lose up to $400 million in investments.
Treasurer Michael Costa says part of [...]

Trade and Investment held its first meeting for the year

The General People’s Committee for Economy, Trade and Investment held, today in Tripoli, its first meeting for the year.
At the start of the meeting, the Committee reviewed content of the Leader’s speech before the General People’s Congress on the 31st anniversary of proclamation of the people’s authority regarding this sector.
The Committee followed-up executive status of [...]

Ivy Asset Strategy Fund Shifts to China India for Top Returns

Ivy Asset Strategy Fund Shifts to China, India for Top Returns
By Sree Vidya Bhaktavatsalam and Carol Massar
Feb. 20 (Bloomberg) — Ivy Asset Strategy, the top-ranked
mutual fund that invests in stocks and bonds globally, bought
shares of China Mobile Ltd. and Reliance [...]

A recession wont wreck your retirement

New York (Money) — Question: I’ve been contributing 15% of my salary and bonus to my 401(k), as well as investing in a Roth IRA and other accounts. With everyone so sure we’re headed for a recession, I’m wondering whether I should move my money into more stable investments to avoid losses as some people [...]

Consumer confidence falls in January

Consumer confidence slipped in January, after rebounding slightly in December, amid mounting concerns about jobs and slowing business activity.The New York-based Conference Board said Tuesday that its Consumer Confidence Index fell to 87.9, down from 90.6 in December. Analysts had expected a decline to 87.0, according to Briefing.com.
The index had declined through the summer but [...]

Lower premiums trim Travelers

Travelers Cos., one of the nation’s largest commercial insurers, said Tuesday its fourth-quarter profit fell 11 percent on lower premiums and investment income, but still beat Wall Street expectations.However, its predicted 2008 profits fell well below analyst predictions.For the three months ended Dec.
31, net income slipped to $1.06 billion, or $1.64 per share, from $1.19 [...]

Fitch Rates Investec Money Market Fund ‘AAA(zaf)’/'V1(zaf)’

The FINANCIAL — Fitch Ratings has on January 14 assigned Investec Money Market Fund a Fund Credit rating of AAA(zaf) and a Volatility rating of V1(zaf). The fund, launched in May 1997, is actively managed by Investec Asset Management (Pty) Limited (IAM).
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The ratings reflect the funds high average credit quality [...]

Fund frozen, Florida towns feel the pinch

Others have had to shift money around for the time being or consider postponing long-planned projects.
For Port St. Lucie, the timing of the freeze could not have been worse. The city is trying to recreate itself as a center of the biotechnology industry and had just issued $155 million worth of bonds to lay roads, [...]