Vanguard closes top performing value fund to new investors for 'cooling off' periodOctober 9th, 2009 Vanguard temporarily closes fund to new investorsVALLEY FORGE, Pa. — Investment manager and mutual fund company Vanguard on Friday said it is temporarily closing its top-performing fund for 2009 to new investors.
A look at key suspects in Rwanda's genocideOctober 6th, 2009 A look at key suspects in Rwanda's genocideA look at some of the top suspects and convicts in Rwanda's 1994 genocide:
— Idelphonse Nizeyimana: Former deputy intelligence chief accused of orchestrating the killings of thousands of people. Police say he was arrested Monday in Uganda on charges of genocide, complicity in genocide, and direct and public incitement to commit genocide.
Rwandan accused of diverting international donations to genocide militiaSeptember 23rd, 2009 Rwandan accused of using donor funds for genocideARUSHA, Tanzania — A former Rwandan minister is accused of diverting funds from international donors to murderous militias during the 1994 genocide that killed more than 500,000 people, a prosecutor at a U.N.-backed court said Wednesday. Augustin Ngirabatware was charged with genocide and crimes against humanity in October 2008 and has pleaded not guilty.
Government okays 13 foreign investment proposalsSeptember 23rd, 2009 NEW DELHI - The government has approved 13 foreign investment proposals worth Rs.393.62 crore, including Sterlite Technologies' plan to issue and allot warrants valued at Rs.103.95 crore on preferential basis, an official statement said Wednesday. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on September 11, government has approved 13 proposals of foreign direct investment amounting to Rs.
PepsiCo says TRC bids for 2M shares at discount, and says shareholders should turn down offerSeptember 10th, 2009 PepsiCo advises shareholders to reject TRC offerPURCHASE, N.Y. — Food and drink maker PepsiCo Inc.
OppenheimerFunds appoints head of distribution, chief marketing officerSeptember 2nd, 2009 OppenheimerFunds appoints 2 executivesNEW YORK — Investment management company OppenheimerFunds Inc. on Wednesday named William Carey as head of distribution and Martha Willis as chief marketing officer.
Government approves 10 foreign investment proposalsAugust 18th, 2009 NEW DELHI - The government Tuesday cleared 10 foreign direct investment (FDI) proposals worth Rs.1,123 crore ($230.5 billion), including one by DishTV to raise Rs.750 crore through convertible bonds. Vijay Mallya-promoted United Breweries' proposal to issue convertible warrants worth Rs.219 crore also got the Foreign Investment Promotion Board's (FIPB) approval.
Fidelity National raises full-year outlook after 2nd-quarter profit shrinksJuly 29th, 2009 Fidelity National raises full-year outlookJACKSONVILLE, Fla. — Fidelity National Information Services Inc.
Vanguard shareholders reject activists' 'genocide-free' investment-screening proposalJuly 2nd, 2009 'Genocide-free' proposal rejected at VanguardBOSTON — Shareholders of Vanguard Group have rejected an activist proposal that would have required stronger screening of investments that may be linked to genocide. A proposal backed by the group Investors Against Genocide fell far short of majority support at a shareholders meeting the mutual fund company held Thursday in Scottsdale, Ariz.
British hedge fund manager, chief investment officer settle US market-timing caseJune 29th, 2009 UK fund manager settles US market-timing caseWASHINGTON — A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators' allegations that one of its funds defrauded U.S.
Dow Chemical shareholders narrowly approve say on executive pay at annual meetingMay 14th, 2009 Dow Chemical shareholders OK say on executive payNEW YORK — Dow Chemical shareholders narrowly approved a proposal Thursday to have nonbinding say on executive compensation. The vote at the annual meeting in Midland, Mich., comes after a very tough year for the nation's largest chemicals maker and its chief executive, Andrew Liveris.
DuPont shareholders reject nonbinding resolution on executive payApril 29th, 2009 DuPont shareholders reject say on payWILMINGTON, Del. — DuPont Co.
Family of Rwanda genocide suspect says he's innocent, charges a misunderstandingApril 24th, 2009 Family of Rwanda genocide suspect: He's innocentWICHITA, Kan. — The family of an 82-year-old immigrant suspected of participating in Rwanda's 1994 genocide says he's innocent, contending he was too old and sick to commit atrocities.
Foreign investment proposals worth Rs.6.16 bn clearedMarch 4th, 2009 NEW DELHI - A proposal from global hospitality major Accor to set up budget hotels in India is among the 28 foreign direct investment (FDI) proposals worth Rs.6.16 billion (Rs.616.08 crore/$119 million) cleared by the government, an official statement said Wednesday. Accor, which has 4,000 hotels across the world from economy to upscale, has made an investment of Rs.3.66 billion to develop and manage budget hotels under the name 'Formule 1'.
Indian equity fund to raise $800 mn by MarchFebruary 8th, 2009 KOLKATA - Private equity (PE) firm India Value Fund Advisors will complete raising around $800 million (about Rs.40 billion/Rs.4,000 crore) for the fourth series of its India Value Fund by next month, a partner of the company said here Monday. 'The fund is being raised mostly from overseas investors comprising fund-of-funds backed by financial institutions, endowment funds backed by educational institutions, pension funds, sovereign funds and also HNIs (high net worth individuals) across Asia, the US and Europe,' George Thomas, partner at the PE fund, told reporters on the sidelines of a seminar on funding strategies.