Word: invested
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Dates: during 2000-2009
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...least some of their exposure to tobacco stocks stems from client assets in index funds, such as those pegged to the S&P 500, which, of course, includes firms like Philip Morris and Lorillard. Many of the insurers contacted by TIME declined to outline the specifics of their investment portfolios, but a Prudential spokesman, Darrell Oliver, noted that as a policy, Prudential does not invest in tobacco stocks for its own portfolios: "Some Prudential entities hold tobacco stocks. Those stocks are primarily part of index-related strategies managed for separate accounts or other portfolios managed for third parties...
...planning process. ‘BLUE SKY’Since his earliest days in office, Summers was openly ambitious about his plans to transform Allston, a vision he hoped to make the hallmark of his tenure. As evidenced in his annual letters to the community, his primary motivation to invest in Allston was to ensure the continued strength of the sciences at Harvard, which he said would soon suffer from a crippling insufficiency of space. Alyssa A. Goodman, an astronomy professor who served on the Provost’s Advisory Group on Science at the time, recalls the visionary scope...
Canadian Prime Minister Stephen Harper said on Monday that his government will invest $9 billion in General Motors of Canada Ltd. to keep it alive amid harsh criticism that the unpopular bailout will end up costing Canadian taxpayers millions of dollars for each assembly-line job saved...
...freeze hundreds of projects to open new oil wells or upgrade existing ones. In the oil-rich Niger Delta, a major Nigerian government offensive against rebels has seriously disrupted production for several weeks. Venezuela's Oil Minister Rafael Ramirez said in Vienna that his country could not afford to invest in major new oil exploration unless prices rise further. "We need a level of at least $70 [a barrel] to recuperate investment," he said on Thursday. Muhammad-Ali Zainy, senior energy analyst at the Center for Global Energy Studies in London, says oil demand could increase quickly once the recession...
...Magna consortium, which pledges to invest €700 million ($970 million) in Opel, has softened its position on job cuts and plant closings several times under pressure from German politicians. Magna's plan would leave GM with 35% of the company and Sberbank with a 35% stake, while Magna would take 20% and Opel employees would control...