Investment Weekly News back issues from November 2008:
Tortoise North American Energy Corp. Provides Asset Coverage Ratio Update.
Nov 01, 2008 ... Tortoise North American Energy Corp. (NYSE: TYN) is providing an update for stockholders regarding its leverage. Over the past several weeks we have witnessed one of the most volatile periods on Wall Street since the Great Depression, and the most volatile period ever experienced in the ...
Medical Staffing Network Holdings, Inc. Receives Notification of Non-Compliance from the New York Stock Exchange.
Nov 01, 2008 ... Medical Staffing Network Holdings, Inc. (Company) (NYSE: MRN) announced it has been notified by the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE's continued listing standards. The Company is considered below criteria since the Company's market ...
OSI Pharmaceuticals to Announce Third Quarter Financial Results on October 22, 2008.(Financial report)
Nov 01, 2008 ... OSI Pharmaceuticals, Inc. (Nasdaq: OSIP) announced that its third quarter 2008 financial results will be released on October 22, 2008, after the markets close. Following the announcement OSI's management will host a live conference call and webcast at 5:00 p.m. Eastern Time to review the ...
Sahara Media Holdings, Inc. Has Successfully Completed a $1.7 Million Private Placement in Addition to the $8.1 Million Recently Announced.
Nov 01, 2008 ... Sahara Media Holdings, Inc. (OTCBB:SHHD), a company that recently acquired Sahara Media, Inc., a development stage multimedia company, announced that it has successfully completed a private placement of 14.1 Units of its securities at a price of $125,000 per Unit. Each Unit consisted of ...
Ares Capital Corporation Schedules Earnings Release for the Quarter Ended September 30, 2008.(Financial report)
Nov 01, 2008 ... Ares Capital Corporation (NASDAQ: ARCC) announced that it will report earnings for the quarter ended September 30, 2008 on Thursday, November 6, 2008. Ares Capital Corporation invites all interested persons to attend its webcast/conference call at 10:00 a.m. (Eastern Time) on ...
The Truth about the Mortgage Crisis--Helping Consumers Understand the True Impact on Home Mortgage Loans.
Nov 01, 2008 ... Can anyone get a home mortgage loan anymore? This is a question I'm asked frequently by friends, associates, relatives and many people I meet. It seems there is so much misinformation circulating about the current mortgage crisis that consumers are confused about whether money is available ...
Disparities in Checking Overdraft Fees by Geography and Size of Financial Institutions Revealed in National Survey.
Nov 01, 2008 ... The three highest-priced markets in the U.S. for average overdraft (OD) service fees on consumer checking accounts are Miami, Washington D.C. and Denver, while Florida ranks as the highest-priced state for OD fees, and the South leads as the highest-priced region for consumer OD fees, ...
Western Asset Income Fund Announces Changes to Non-Fundamental Investment Policies Relating to Investments in Interest Rate Futures Contracts and Options on Debt Securities.
Nov 01, 2008 ... Western Asset Income Fund (the "Fund") (NYSE: PAI) announced non-fundamental investment policy changes, to be effective as of October 24, 2008 relating to the Fund's ability to invest in interest rate futures contracts and options on debt securities. Under the Fund's amended ...
Charles Schwab Foundation to Sponsor Fall 2008 National Financial Literacy Challenge Awards.
Nov 01, 2008 ... Charles Schwab Foundation will expand its funding of scholarship awards for winners of the Fall 2008 National Financial Literacy Challenge, a 35-question online test of personal finance knowledge and understanding for high school students across the United States. The test-taking window ...
All-Russian Investor Relations Forum Highlighted Financial Communications Issues.
Nov 01, 2008 ... The first All-Russian Investor Relations Forum (http://www.irforum.ru) organized by the Institute for the Development of Financial Markets took place in Moscow on 26 September 2008. The event that was attended by more than 150 participants proved the growing interest ...
Citi Awards $50,000 to Las Vegas Nonprofit Counseling Organization for Foreclosure Prevention Programs.
Nov 01, 2008 ... Citi's Office of Homeownership Preservation announced it has awarded the Neighborhood Housing Services of Southern Nevada $50,000 to support foreclosure prevention counseling services. As part of its Foreclosure Prevention Program, Citi's Office of Homeownership Preservation is ...
Head of Trading of Egypt's Beltone Financial Asset Management Gains First-Hand Knowledge of Global Markets and Cyclic Technical Stock Market Analysis at the Foundation for the Study of Cycles in New Mexico.
Nov 01, 2008 ... Ayman Waked, Head of Trading for Beltone Financial of Egypt, has recently finished studying under the expertise of former executive director of the Foundation, and renowned technical stock market analyst Richard Mogey. Waked took a comprehensive trading course on cyclic and technical ...
TABB Group Unrolls a Blueprint for the Future of Investment Banking and Wall Street's New Ecosystem.
Nov 01, 2008 ... Introducing a blueprint for the future of investment banking, TABB Group's founder and CEO Larry Tabb, the financial markets veteran industry analyst and author of "The Future of Investment Banking: Subprime and Its Impact on the Industry," published, says that "the subprime crisis needs ...
Financial Institutions Can Generate Revenue from Secure Online Logins.
Nov 01, 2008 ... Portland, Ore.-based Vidoop, a provider of identity and authentication solutions to financial institutions and consumers, announced at Finovate 2008 the company's new suite of multi-factor online authentication technologies for financial institutions, healthcare organizations and ...
Evergreen Capital Management Claims That No Action Risks Widening Credit Crisis.
Nov 01, 2008 ... It's no exaggeration to observe that since September 7, 2008, when the "rescues" of Fannie Mae and Freddie Mac were first announced, the financial markets have been in full-blown meltdown mode. The virtual wipeout of the GSE shareholders, shockingly including those owning preferred stock ...
Ripples From Turmoil in Financial Services Will Hit Global Sourcing.
Nov 01, 2008 ... As the U.S. economy sputters, the financial sector has faced the brunt of the downturn. A panel of experts from the financial sector will discuss "Financial Services Turmoil - Impact on Global Sourcing" at 3:50 p.m. Wednesday, Oct. 15 at OutsourceWorld New York (Jacob K. Javits ...
Bellatore Financial, Inc. Announces Acquisition of Capital Allocation & Management, Inc.
Nov 01, 2008 ... Bellatore Financial, Inc. announced that it has completed a financial agreement to acquire Capital Allocation & Management as a wholly-owned subsidiary. Capital Allocation & Management has relationships with more than 120 independent financial advisors and more than $365 million in assets ...
Cox Smith Financial Markets Team Providing Counseling to Businesses on Impact of Federal Bailout Initiatives & Related Economic Turmoil.
Nov 01, 2008 ... As a result of the ongoing turmoil in the world's financial markets, Texas companies are facing a wide variety of unexpected business issues. Cox Smith Matthews Incorporated announced its Financial Markets Team - a multi-disciplinary group of attorneys with experience in banking, ...
Entrepreneur Brent Johnson Launches Financial Mitigation Services, LLC to Help America's Business Community Manage Debt and Lower Operating Costs.
Nov 01, 2008 ... Brent Johnson, a successful entrepreneur who has launched and managed dozens of businesses throughout his career, reaches out to help small to mid-size businesses with the launch of Financial Mitigation Services, LLC ("FMS"). Mr. Johnson has been instrumental in creating several successful ...
Toyota Owners Reap New Rewards: Toyota Financial Services Introduces Toyota Rewards Visa to Help Consumers Buy and Maintain Their Vehicles.
Nov 01, 2008 ... Americans' love affair with their vehicles drives them to spend nearly 18 cents of every dollar on transportation each year -- with the majority going to car ownership and maintenance (U.S. Bureau of Labor Statistics' Consumer Expenditure Survey). Given that vehicle ownership is not only a ...
Castle Brands Executes Agreement to Receive Cash Infusion of $15 Million Through Private Placement.
Nov 01, 2008 ... Castle Brands Inc. (AMEX: ROX), the maker of premium branded spirits, announced that it has entered into a purchase agreement with investors led by Dr. Phillip Frost, I.L.A.R. S.p.A., the owner of Pallini liqueurs, and Vector Group Ltd., to receive a cash infusion of $15 million. Under the ...
First Financial Fund, Inc. Announces Name Change to First Opportunity Fund, Inc.
Nov 01, 2008 ... First Financial Fund, Inc. (NYSE: FF) announced that effective Tuesday, October 14, 2008 the Fund will begin trading as "First Opportunity Fund, Inc." The Fund will continue to trade on the New York Stock Exchange under the ticker symbol "FF." The Fund's new CUSIP is 33587T108. ...
Westlake Securities Initiates Equity Capital Markets Effort.
Nov 01, 2008 ... Westlake Securities, LLC is pleased to announce that it received approval from the Financial Industry Regulatory Authority (FINRA) on September 22, 2008 to commence an institutional equity sales and trading business. In connection with this approval to expand the scope of Westlake's ...
CGI Awarded US$25 Million Financial Management Services and Hosting Contract by Federal Communications Commission.
Nov 01, 2008 ... CGI Federal, Inc., (CGI) a wholly-owned U.S. operating subsidiary of CGI Group Inc., (NYSE: GIB; TSX: GIB.A) announced that the Federal Communications Commission (FCC) selected CGI as the prime contractor to provide its Momentum(R) financial management software and Financial Management ...
DRS Technologies Announces Its 2% Convertible Senior Notes Have Become Convertible.
Nov 01, 2008 ... DRS Technologies, Inc. (NYSE: DRS) announced that, as a result of the anticipated consummation of the merger with Finmeccanica S.p.A. (FNC.MI), DRS Technologies' 2% Convertible Senior Notes due 2026 (the "Notes") have become convertible. As announced on May 12, 2008, ...
Yorkshire Building Society Selects Impact 360 for Retail Financial Services Solution, Extending Its Investment in Verint Witness Actionable Solutions Technology.
Nov 01, 2008 ... Verint Systems Inc. announced that Yorkshire Building Society has selected its Impact 360(R) for Retail Financial Services from Verint(R) Witness Actionable Solutions(TM), in partnership with Sabio, an innovative contact center company and Verint partner. This investment in the company's ...
JAMS Forms Financial Markets Group Offering Dispute Resolution Services for Credit Crisis Litigation.
Nov 01, 2008 ... JAMS, The Resolution Experts, the largest private provider of ADR Services in the United States, announced that it has formed a Financial Markets Group, which consists of prominent mediators and arbitrators from the JAMS panel who are specially qualified to offer dispute resolution ...
Prudential Financial Sponsors 2008 Nonprofit Sector Stewardship Awards.
Nov 01, 2008 ... Prudential Financial, Inc. (NYSE: PRU) will sponsor the 2008 Nonprofit Sector Stewardship Awards on Thursday, October 16 during the North Carolina Center for Nonprofits' (NCCN) annual Statewide Conference at the Raleigh Convention Center. The Nonprofit Sector Stewardship Awards ...
Help for Small Businesses in a Tightening Credit Market.
Nov 01, 2008 ... Medium and small-sized companies in the U.S. that have fallen victim to tightened credit conditions by commercial banks are turning to less traditional funding sources to help meet their financing and growth needs. "Companies with sound credit profiles are suddenly being ...
Boomi and AverQ Announce Partnership to Provide On-demand Integration to Improve Efficiencies in Financial Audits.
Nov 01, 2008 ... Boomi, the market and technology leader for on-demand integration, announced an OEM agreement with AverQ Inc., the creator of the industry's first collaborative financial audit management solution for corporations and audit firms. Through this partnership, AverQ will embed Boomi On Demand ...
Radian Guaranty Launches New Program To Keep More People in Their Homes.
Nov 01, 2008 ... Radian Guaranty, the mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN), announced that it has established the Servicer Advocacy Group, a new program aimed at keeping more homeowners in their homes. Under the new program, Radian will lend its considerable expertise in ...
Could SBR Have Averted Financial Market Meltdown? Bryant University's XBRL Authority Saeed Roohani Says Yes.
Nov 01, 2008 ... The nation's investment banking crisis may have been lessened, and perhaps even avoided, if the United States had laws requiring the widespread use of Standard Business Reporting (SBR). That's the opinion of Saeed Roohani, a leading authority on XBRL education. SBR uses XBRL - a ...
Bachoco Discloses Effects of Financial Volatility on Its Financial Position.
Nov 01, 2008 ... Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE: IBA; BMV: Bachoco), Mexico's leading producer and processor of poultry products, announced the effects that recent worldwide volatility in the financial markets had on its financial position. The ...
Buchanan's Financial Crisis Team Hosts Webinar: 'A Multi-level Examination of Our Economic Predicament'.
Nov 01, 2008 ... Buchanan Ingersoll & Rooney PC is hosting a webinar on Tuesday, October 21, from noon to 1:30 p.m., to discuss issues pertaining to the nation's current financial situation from multiple perspectives. The panel will be facilitated by the firm's Financial Crisis Team chair, Frank ...
Irwin Financial Corporation Announces Further Steps In Its Restructuring Plan.
Nov 01, 2008 ... Irwin Financial Corporation (NYSE:IFC), a bank holding company, announced the filing of a registration statement in connection with a planned $50 million rights offering to shareholders. This rights offering will help the Corporation maintain and enhance capital strength while completing ...
Wells Fargo Acquires EMAR Group.
Nov 01, 2008 ... Wells Fargo Insurance Services -- part of Wells Fargo & Company (NYSE:WFC) -- said it has acquired the EMAR Group, one of the nation's largest independently-owned commercial insurance agencies, headquartered in Livingston, New Jersey, with an office in Florida. Terms of the agreement were ...
RSM McGladrey Announces New Managing Directors in Mid-Atlantic Region.
Nov 01, 2008 ... RSM McGladrey, a leading provider of accounting, tax and business consulting services, is pleased to announce that the following employees have been named managing directors in the Mid-Atlantic region: Lisa Brock, financial services; Dominic DuBois, audit services; and Gabe Massuda, tax ...
Central Pacific Financial Corp. Expects Return to Profitability in Third Quarter 2008 With Net Income of $2.2 Million to $3.2 Million.
Nov 01, 2008 ... Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, expects to report net income of approximately $2.2 million to $3.2 million, or approximately $0.08 to $0.11 per diluted share for the third quarter of 2008, compared to a net loss of ($146.3) million, or ...
RushCard Unveils New Features to Help Cardholders Improve Their Money Management in Tough Economy.
Nov 01, 2008 ... At a time when the economy is very turbulent and people are anxious to safeguard their hard-earned money and use it wisely, the Prepaid Visa(R) RushCard today introduces industry-leading, new features that make it easier for cardholders to take control of their finances. ...
WAUSAU Financial Systems Certifies Epson Scanner for First Product in Its Remote Corporate Capture Suite.
Nov 01, 2008 ... Epson, a leading supplier of value-added banking and payment solutions, announced that WAUSAU Financial Systems, a premier provider of payment processing solutions for financial institutions and corporate customers, has certified the Epson CaptureOne(TM) check scanner for its WebDDL(R) ...
Denver Community Credit Union Selects Secure Identity Systems for Red Flag Compliance.
Nov 01, 2008 ... With just over a month remaining until the deadline for the Federal Reserve's Red Flag rules, now is the time for financial institutions to enact the necessary measures to bring their organizations into compliance. Denver Community Credit Union has announced they are working with Secure ...
FolioDynamix and Bonaire Software Solutions Partner on Billing Portal for Fee-Based Accounts.
Nov 01, 2008 ... FolioDynamix, innovator of wealth servicing technology and investment products, announced a partnership with Bonaire Software Solutions, LLC that will provide clients of FolioDynamix with a web-based application for automated, on-line fee calculations and billing to streamline tracking of ...
The Hartford Names Robert Paiano Enterprise Chief Risk Officer.
Nov 01, 2008 ... The Hartford Financial Services Group, Inc. (NYSE: HIG) announced that Robert Paiano has been named senior vice president and enterprise chief risk officer. Paiano will report to Lizabeth Zlatkus, the company's executive vice president and chief financial officer. "We are ...
Pioneer Services Receives American Banker's Association Award for Financial Education.
Nov 01, 2008 ... Pioneer Services was recently recognized by the American Banker's Association (ABA), receiving first place for its financial education campaign thanks to a combination of free online materials and in-office consultations. Established in 1972, the awards recognize those who have displayed ...
Unum Group Announces Preliminary Third Quarter 2008 Results.(Financial report)
Nov 01, 2008 ... Unum Group (NYSE: UNM) announced preliminary results for the third quarter of 2008. The Company expects net income for the third quarter of 2008 to be between $100 and $108 million ($0.30 to $0.32 per diluted common share) and after-tax operating income for the third quarter of 2008 to be ...
Katy Industries, Inc. Announces Reverse Stock Split and Plan to Deregister.
Nov 01, 2008 ... Katy Industries, Inc. (the "Company") (BULLETIN BOARD: KATY) announced that its Board of Directors has approved a plan to deregister the Company's common stock under the Securities Exchange Act of 1934, as amended, and therefore, terminate its obligations to file periodic and current ...
The Analyst Exchange Provides Training Assistance to Recent Graduates and Professionals in the Financial Job Market.
Nov 01, 2008 ... The financial industry is in crisis, but thousands of recent graduates and professionals are still in the market for jobs in banking, private equity and asset management. Despite the state of the economy, high quality jobs are still available in these industries. But job seekers ...
TSR, Inc. Reports Financial Results for the First Quarter Ended August 31, 2008 and Declares Quarterly Dividend of $0.05 Per Share.
Nov 01, 2008 ... TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, announced financial results for the first quarter ended August 31, 2008. For the quarter, which ended August 31st, revenue decreased 10.2% from the same quarter last year to $12.2 million ....
Federal Home Loan Bank of San Francisco Announces 2008 Board of Directors Election Results for Nevada Member Directors.
Nov 01, 2008 ... The Federal Home Loan Bank of San Francisco announced that incumbent member directors Reginald Chen and Gregory A. Kares have been declared elected to new terms on the Bank's board as Nevada member directors. Beginning January 1, 2009, Mr. Chen will serve a three-year term, ending December ...
Applied Discovery Financial Crisis Response Team Announces Free Educational Webinar.
Nov 01, 2008 ... Applied Discovery(R), a leader in comprehensive electronic discovery products and services and a division of LexisNexis(R), announced that it's recently formed Financial Crisis Response Team will provide a free webinar to help financial service corporations prepare for the legal ...
Silver/Precious Metals: a Sleeping Giant, Poised to Run.
Nov 01, 2008 ... For private investors large and small, as well as institutions, precious metals are, and continue to be the safe haven for investors in turbulent financial and uncertain national and geo-political times. "Nationally and globally speaking, the markets have never been more ripe or primed for ...
EDGAR Online Unveils More Powerful XBRL Platform.
Nov 01, 2008 ... EDGAR(R) Online, Inc. (NASDAQ: EDGR) released Version 2.0 of I-Metrix Xcelerate -- an automated eXtensible Business Reporting Language (XBRL) generation platform. "I-Metrix Xcelerate is the most robust technology platform available in the U.S. to convert the financial statements ...
Lear Reduces its 2008 Outlook for Sales and Earnings, but Still Expects to Generate Positive Free Cash Flow for the Year.(Financial report)
Nov 01, 2008 ... Lear Corporation (NYSE:LEA), a leading global supplier of automotive seating systems, electrical distribution systems and electronics products, announced that as a result of deteriorating and volatile industry and general economic conditions, it is reducing its full-year 2008 sales outlook ...
National Financial Partners to Release Third Quarter Earnings on November 5, 2008.(Financial report)
Nov 01, 2008 ... National Financial Partners Corp. (NYSE:NFP) will release its third quarter earnings results on November 5, 2008 following the close of the market. A copy of the earnings press release and quarterly financial supplement will be posted to the investor relations section of the National ...
New Financial Alternatives for Muslims Go Mainstream.
Nov 01, 2008 ... Today Lightbulb Press released A Muslim's Guide to Investing and Personal Finance by Virginia B. Morris in association with Monem A. Salam. The guide was developed to meet the growing need by banks, brokerages, asset managers, insurance and home finance companies, and other financial ...
Hedge Fund Operational Due Diligence: Gillian Scott, CA CFA, Joins Castle Hall Alternatives as Managing Director; Castle Hall Opens Office in Halifax, Nova Scotia.
Nov 01, 2008 ... Castle Hall Alternatives, a leading provider of hedge fund operational due diligence, announced that Gillian Scott, CA CFA, has joined the firm as Managing Director. She will lead the firm's new presence in Halifax, Nova Scotia, where Castle Hall joins several leading administrators and ...
Standard & Poor's Affirms USAA's Financial Strength.
Nov 01, 2008 ... Standard & Poor's has affirmed its Insurer Financial Strength Ratings of AAA (Extremely Strong, highest of 21 possible ratings) on United Services Automobile Association and its Property & Casualty Companies (USAA P&C Group) and Life Insurance Companies. USAA is one of a small, elite group ...
Cummins Announces Standby Commitment to Purchase $25 Million In Stock to Support Irwin Financial Restructuring Plan.
Nov 01, 2008 ... Cummins Inc. (NYSE: CMI) said it has agreed to provide a standby commitment in support of the previously announced restructuring plan by Irwin Financial Corporation (NYSE: IFC). Cummins will provide $25 million of the standby commitment through the purchase of IFC stock. The rest will come ...
Jack Henry & Associates, Inc., and Myriad Systems Inc. MSI Launch Unique Expedited Pay-Anyone Service.
Nov 01, 2008 ... Myriad Systems Inc (MSI), a leading provider of financial document capture, processing, printing, and mailing services, announced that it has created an automated and highly scalable solution for next day payments which significantly enhances existing online bill payment systems. Jack ...
ACG Minnesota Announces October 2008 Meeting Featuring a Panel of Real Estate Professionals.
Nov 01, 2008 ... The Association for Corporate Growth (ACG) Minnesota Chapter invites all members of the Minneapolis/St. Paul media to attend this month's chapter meeting, featuring a panel of real estate professionals. The panel will discuss "Finding Capital in Real Estate" and updates on the corporate ...
CareView Communications, Inc. Engages William Blair & Company as Investment Banker.
Nov 01, 2008 ... CareView Communications, Inc. ("CareView" or the "Company") (Pink Sheets:CRVW), an information technology provider to the healthcare industry, announced the execution of an agreement with William Blair & Company, a global investment banking firm. Under the agreement, William Blair & ...
Ingres and Hitachi Team Up to Ensure Performance, Accuracy, and Trust in Analyzing Financial Reports.
Nov 01, 2008 ... Ingres Corporation, a leading provider of open source database management software and support services, announced that Hitachi America, Ltd. a subsidiary of Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501), has selected the Ingres Icebreaker BI Appliance to power a unique and innovative new ...
TowerGroup: Retail Wealth Management Should Be 'Beacon of Hope' During Financial Crisis.(Report)
Nov 01, 2008 ... The events of the past month have not only reshaped the financial services industry, they have given a renewed life to the retail wealth management space. New research from TowerGroup finds that despite recent hits to revenue due to market action and lower asset values, wealth management ...
AMCORE Financial, Inc. Reports 3rd Quarter Results.(Financial report)
Nov 01, 2008 ... AMCORE Financial, Inc. (NASDAQ:AMFI) announced financial results for the third quarter ended September 30, 2008. (Numbers in Thousands, Except Per Share Data) 3rd quarter 2008 3rd quarter 2007 2nd quarter 2008 Net Revenues $52,507 $54,396 ...
Conifer Securities Launches Prime Brokerage Through J.P. Morgan Chase.
Nov 01, 2008 ... Conifer Securities, a leading provider of business and operations solutions to asset managers and institutional investors, announced that it has entered the prime brokerage business. Working with J.P. Morgan's Broker Dealer business services, Conifer is now building upon its Fund ...