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Alliance Trust wins backing of leading analysts

Much-criticised Dundee-based Alliance Trust was yesterday added to the “buy” lists of two influential analysts as they backed its cautious approach and the strategy of new chief executive Katherine Garrett-Cox.

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Orlando reporters join Real Estate Channel online news team

Media entrepreneur and private-equity investor Michael Gerrity, founder of the Real Estate Channel in Orlando, has assembled a team of veteran journalists in Orlando and Los Angeles and launched an online real estate news service.

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Is the Chicago Climate Exchange selling 'rip-offsets'?

By Joseph Romm I'm going to (try to) coin a new term here, "rip-offsets," since I can't think of a better word for the rip-off offsets the Chicago Climate Exchange is peddling to a gullible public and media. The Washington Post has a front-page story , "There's a Gold Mine In Environmental Guilt Carbon-Offset Sales Brisk Despite Financial Crisis," that echoes articles written a few years ago on the...

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AMD's Meyer touts benefits of Abu Dhabi deal

AMD CEO Dirk Meyer was bullish about the chip maker's fab-lite strategy and new partner Advanced Technology Investment Co. of Abu Dhabi.

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AMD forms manufacturing unit with Abu Dhabi co.

In a move to dramatically cut costs and better compete with chief rival Intel Corp. , chip maker Advanced Micro Devices Inc. said Tuesday it will spinoff its manufacturing businesses into a new joint venture with Abu Dhabi-backed Advanced Technology Investment Co.

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AMD confirms plan for production venture with Abu Dhabi firm

TEL AVIV (MarketWatch) -- Advanced Micro Devices Inc., the Sunnyvale, Calif., chipmaker, confirmed that it plans to spin off its manufacturing operations to a new joint venture, Foundry Co., with an Abu Dhabi investment firm. AMD will own 44.4% and Advanced Technology Investment Co. of Abu Dhabi will own 55.6% of the venture, AMD said in a statement on Tuesday. AMD said it would contribute to the...

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Canadian General Investments, Limited: Canadian General Investments, Limited Redeems $60,000,000 Class A Preference Shares, Series 1

TORONTO, CANADA (MARKET WIRE) Canadian General Investments, Limited (the "Company") (TSX: CGI)(TSX: CGI.PR.B)(TSX: CGI.PR.C)(LSE: CGI) today completed the previously announced redemption of its $60,000,000 5.40% Cumulative Redeemable Class A Preference Shares, Series 1. This redemption is in accordance with the terms of the governing short form prospectus. The aggregate amount of $60,186,480 (including...

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Is the Chicago Climate Exchange selling “rip-offsets”?

I’m going to (try to) coin a new term here, “rip-offsets,” since I can’t think of a better word for the rip-off offsets the Chicago Climate Exchange is peddling to a gullible public and media. The Washington Post has a front-page story, “There’s a Gold Mine In Environmental Guilt Carbon-Offset Sales Brisk Despite Financial Crisis,” [...]

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Change of AGM venue

We confirm that the Annual General Meeting of Advance Developing Markets Trust plc to be held at 12.00 noon on Wednesday 5 November 2008, will take place at the offices of .. - Read more

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David Cameron's policies and principles are enough to win support of business

Back in May Caledonia Investments announced it was giving £75000 to the Tories to help them fight marginal seats. I argued then that for the sake of winning a general election other companies should follow suit.

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Not so great for Katherine as losses hit £100m

LOSSES at investment company Alliance Trust have reached almost £100 million as the value of its assets are hit hard by the global downturn.

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Alliance Trust goes back to the future

Alliance Trust chief executive Katherine Garrett-Cox yesterday signalled a return to the company’s investment values of the 1980s as she subtly distinguished her approach from the revolutionary tenure of her predecessor Alan Harden.

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JC Flowers keeps faith in HRE despite loss

JC Flowers, the US private equity investor, is likely to stick with its minority stake in Hypo Real Estate in spite of the damage done to the German lender by Monday's urgent bail-out

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Turin Networks takes significant funding from private equity investor

Carrier ethernet company has taken a large investment from Millenium Private Equity, according to VentureWire, likely representing 20 to 25 percent of the company.Turin makes carrier ethernet for wired and wireless networks, as well as backhaul networks. The additional money will help it expand in the Middle East, Asia and Africa.The Petaluma, Calif. company and later in the year .Tags: , ,