investment

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British Rocker Has Fans Fund New Album

For a $15 investment, you'll own a piece of Patrick Wolf's music

(Newser) - The British indie musician Patrick Wolf thinks fan involvement is the future of the music industry, and he's willing to put their money where his mouth is, NME reports. Fans who sign up through the website Bandstocks.com will be able to help fund Wolf's album—and earn perks like...

Infrastructure Revitalization Is Right and Right

A conservative argues for investing in water, energy, transport

(Newser) - Conservatives who fear that investing in the nation’s infrastructure goes against core Reaganite values need to get over it. Our aging energy, water, and transportation systems are in dire need of corporate dollars and ingenuity, but “the private sector alone cannot handle the job—and the states are...

Ex-AOL Chief Seeks Funds to Buy Yahoo

$30B difficult to raise amid recession

(Newser) - After months of advising both Microsoft and Yahoo on a failed deal, former AOL chief Jonathan Miller is trying to put together a bid for Yahoo himself. The venture capitalist is asking private investors to help him amass the $30 billion needed to acquire the struggling, $10-a-share search engine group,...

Brutal Market Doesn't Spare Buffett
Brutal Market
Doesn't
Spare Buffett

Brutal Market Doesn't Spare Buffett

Berkshire Hathaway takes biggest dive in decades

(Newser) - The "Oracle of Omaha" is proving even he's not immune from market blows, reports Bloomberg. Warren Buffet's Berkshire Hathaway took a 12% nosedive yesterday, its biggest one-day fall since 1987's Black Monday. The conglomerate is down 41% for the year and has been dropping steadily for eight days after...

In Financial Crisis, Europe Leads the Way (for a Change)

Investment in banks proved better strategy than mortgage bailout

(Newser) - The US has long considered Europe to be the economic equivalent of a doddering old uncle, but this week it was oldster leading whippersnapper America by the hand through the most serious crisis since the Depression. Europe, seeing the need for a sturdier fix than the mortgage-bailout Band-aid Washington proposed,...

Sinking 401(k)s Raise Debate on How to Save

Accounts tumble by up to 11%, but backers still love them

(Newser) - Tumbling stock markets have cracked open the piggy bank that many Americans use to store retirement savings—401(k) accounts—sparking fresh debate about how best to save money, the Washington Post reports. Supporters argue that 401(k)s offer bigger rewards than traditional pensions, which are less exposed to market turbulence. But...

Morgan in Talks to Keep Critical Mitsubishi Money

Japanese bank seeks more favorable terms for $9B investment

(Newser) - Morgan Stanley scrambled today to keep an investment from a major Japanese bank as Wall Street held its breath, the New York Times reports. Japan’s Mitsubishi UFJ Financial Group agreed last month to invest $9 billion, but wants better terms after Morgan's market value plunged last week. The talks...

It's a Good Time to Buy
 It's a Good Time to Buy
Analysis

It's a Good Time to Buy

Experts see silver lining as key stocks go cheap

(Newser) - Panicking about the stock market plunge? Some analysts are looking on the bright side: If history is any guide, this could be a golden opportunity to buy stocks, the New York Times reports. Since the Depression, government intervention has generally succeeded at restoring economies, so buying low now could pay...

Credit Chill Spreads to Russia
 Credit Chill Spreads to Russia 

Credit Chill Spreads to Russia

Georgian war spooked foreign investment, destabilized economy

(Newser) - The credit crisis has officially reached Russia, revealing just how fragile the Russian economy is, BusinessWeek reports. Stocks fell so much this week that the government today suspended both exchanges to stem further loss. But the country's reliance on foreign cash—disappearing as investors flee—is bound to affect more...

GM May Sell Detroit Home Base
 GM May Sell Detroit Home Base 

GM May Sell Detroit Home Base

Firm seeks investment from pension funds in landmark Renaissance Center

(Newser) - General Motors will ask to borrow $500 million from pension funds for Detroit city employees to refinance its headquarters, the Renaissance Center, the News reports. The firm will make a pitch to the police and fire retirement system Thursday; GM will consider selling the landmark and leasing office space inside...

As Stocks Sink, New Cash Cows Emerge

Alpacas, coins, comic books; a stampede to alternative investments

(Newser) - With stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual...

Mitsubishi's $8.4B Will Buy Up to 20% of Morgan Stanley

Japanese firm reverses course, agrees to buy stake in Wall Street giant

(Newser) - Japan’s Mitsubishi UFJ Financial Group has agreed to invest as much as $8.4 billion in Morgan Stanley, Bloomberg reports, in exchange for a stake of 10%-20% in the investment bank. The move by Mitsubishi—which last week said it planned to steer clear of investing in US banks—...

Wall Street Woes Will Wallop Tech Sector
Wall Street Woes Will
Wallop Tech Sector
ANALYSIS

Wall Street Woes Will Wallop Tech Sector

Drying up of IPOs expected to hit tech ventures especially hard

(Newser) - Troubles hitting the Wall Street giants promise particularly dark days ahead for the tech business world, analysts tell CNET News. The problems are bound to stifle mergers and acquisitions in the tech industry and further dampen the market for initial public offerings. IPOs have already slowed to a trickle—and...

Tough Times Ground Hedge Fund High-Fliers

Specialized investment industry dragged back to earth by shaky market

(Newser) - The recent market turmoil has taken a good deal of the shine off of hedge funds, as managers are unable to reproduce their heretofore exemplary results in poor market conditions, the New York Times reports. The average hedge fund lost 4% this year, the worst overall results in the industry’...

Abu Dhabi Invests Another Billion in Hollywood

New subsidiary will work with 3 US producers

(Newser) - A media branch of Abu Dhabi’s government funneled $1 billion into a partnership with Warner Brothers last year—and now a subsidiary of the same firm is investing a second billion over the next 5 years with three US film producers, the New York Times reports. “Abu Dhabi...

Weak Dollar Scaring Off Foreign Funds
Weak Dollar Scaring Off Foreign Funds
ANALYSIS

Weak Dollar Scaring Off Foreign Funds

US policy has big China, Gulf spenders looking to divest

(Newser) - With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring...

Social Responsibility Costs Calif. Pension Funds Billions

Keeping pension money out of tobacco, emerging markets has cost billions

(Newser) - California's plan to put state pension funds in socially responsible investments means those funds are worth billions less than they would be if they'd been allowed to invest in tobacco companies and emerging markets, BusinessWeek reports. The initiative, launched in 2000, also pushed investment in California real estate—where the...

How to Make Millions Off Misfortune
How to Make Millions Off Misfortune
column

How to Make Millions Off Misfortune

Put bubble markets to work for you, writes Joel Stein

(Newser) - From tech stocks to real estate, the succession of bubble markets leads Joel Stein to ask himself: How can I exploit other people's bad investment decisions? The Los Angeles Times columnist teams up with a Princeton economist "to figure out where people will idiotically dump their money next."...

Foreign Investment in Iraq Up
 Foreign Investment in Iraq Up 

Foreign Investment in Iraq Up

American firms may miss early opportunities

(Newser) - European and Asian investors are taking advantage of the recently stabilized Iraqi business climate, USA Today reports. US firms still regard Iraq as too dangerous to invest in, but that attitude may cost them the best opportunities. The firms “who are getting in on the ground floor are not...

Industry Shakeout Clips Hedge Funds
Industry Shakeout
Clips Hedge Funds

Industry Shakeout Clips Hedge Funds

It's a fund-eat-fund world as companies mature, face crunch

(Newser) - A massive shakeout is transforming the world of hedge funds, the Wall Street Journal reports. Tougher market conditions mean smaller funds are merging or closing their doors, and new ones are facing difficulty getting started. The business, which mushroomed from a few hundred firms to 8,000 over a decade,...

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