Investment Weekly News back issues from February 2009:
The Electronic Funds Transfer Association and NACHA-The Electronic Payments Association Join Forces to Create New Electronic Benefits Transfer Council.
Feb 07, 2009 ... Executives of the Electronic Funds Transfer Association (EFTA) and NACHA-The Electronic Payments Association announce that they have created a new council to represent organizations involved in the development and operation of electronic benefits transfer, or EBT systems. EBT replaces ...
VSE Announces Inclusion in the NASDAQ Global Select Market.(Industry overview)(Company overview)
Feb 07, 2009 ... VSE Corporation (NASDAQ GS:VSEC) reported that it is included in the NASDAQ Global Select Market. The NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. Prior to the change, VSE had been listed ...
Lazard Global Total Return & Income Fund Declares Monthly Dividend.
Feb 07, 2009 ... The Board of Directors of Lazard Global Total Return & Income Fund (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly dividend distribution of $0.1042 per share on the companyEs outstanding common stock. The dividend is payable on ...
Lazard World Dividend & Income Fund Declares Monthly Dividend.
Feb 07, 2009 ... The Board of Directors of Lazard World Dividend & Income Fund (NYSE:LOR) has authorized the Fund to declare today a monthly dividend distribution of $0.1167 per share on the companyEs outstanding common stock. The dividend is payable on February 23, 2009 to shareholders of record on ...
Regency Centers Announces Tax Information for 2008 Distributions.
Feb 07, 2009 ... Regency Centers Corporation (NYSE:REG) announced the Federal income tax treatment of its 2008 distributions to holders of its common shares and Series 3, 4 and 5 Preferred shares. Regency Centers Corporation Common Stock: Symbol REG CUSIP #: 758849103 Total...
Morningstar Reports Hedge Fund Performance for the Fourth Quarter and Full Year of 2008, Asset Flows Through November.
Feb 07, 2009 ... Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, reported a summary of hedge fund performance for the fourth quarter and full year of 2008 as well as asset flows through November. The Morningstar 1000 Hedge Fund Index lost 10.3% in the fourth quarter ...
Investment Professionals, Inc. Announces the Formation of Schaaf, Partridge & Associates.
Feb 07, 2009 ... Charles Schaaf and Wade Partridge, two successful Arkansas financial advisors, have announced the formation of Schaaf, Partridge & Associates. The goal of the new partnership is to deliver enhanced financial planning and wealth management to clients. Concurrently, Schaaf and Partridge ...
PNC Reports Preliminary 2008 Earnings and Impact of National City Acquisition.
Feb 07, 2009 ... The PNC Financial Services Group, Inc. (NYSE:PNC) announced that it expects to report a profit for full year 2008. PNC also announced it expects to report a loss for the fourth quarter due to integration costs, including an additional provision for credit losses related to National City ...
Sanders Morris Harris Group Announces Capital Markets Sale.
Feb 07, 2009 ... Sanders Morris Harris Group Inc. (NASDAQ:SMHG) announced that it has entered into an agreement to sell a significant portion of its Capital Markets business, including the investment banking, fixed income, and New York-based institutional equity departments, to Siwanoy Capital, LLC, a ...
ConnectEDU to Provide Families with Expert Advice on Financial Aid Process.
Feb 07, 2009 ... ConnectEDU, Inc., (www.connectedu.net) the Web-based leader in using data to connect students with colleges and employers through the nation's largest college and career planning network, is assisting thousands of families in the ConnectEDU National Network(TM) in understanding the ...
Houlihan Smith Senior Executive to Speak at GAIM USA 2009.
Feb 07, 2009 ... Fontainebleau Resort -- Karl D'Cunha, Senior Managing Director at Houlihan Smith & Co., Inc., will serve as a panelist during the GAIM USA 2009 conference set for Jan. 25-28 at the Fontainebleau Resort in Miami, FL. Mr. D'Cunha joins three other panelists in the discussion ...
ICE Futures U.S. President and Creditex CEO to Present at Citi 2009 Financial Services Conference.(Conference news)
Feb 07, 2009 ... IntercontinentalExchange, Inc. (NYSE:ICE), a leading operator of regulated global futures exchanges and over-the-counter (OTC) markets, announced that Thomas W. Farley, President and Chief Operating Officer of ICE Futures U.S.(R) and Sunil Hirani, Chairman and Chief Executive Officer of ...
RiskMetrics Group Opposes Re-Election of Two East Texas Financial Services, Inc.'s Directors.
Feb 07, 2009 ... The ETFC Proxy Committee announced that RiskMetrics Group, the leading independent proxy voting advisory and corporate governance services firm formerly known as ISS, has recommended that shareholders of East Texas Financial Services, Inc. ("East Texas" or the "Company") (BULLETIN BOARD: ...
Scotia Capital ranks number one in Canadian Corporate Debt Underwriting.
Feb 07, 2009 ... Scotia Capital has ranked number one for Canadian Corporate Debt Underwriting in 2008 according to industry leading league tables. "We are extremely pleased to be ranked number one for 2008 because it really underscores the commitment Scotia Capital has made and continues to ...
VIST Financial Declares Cash Dividend.
Feb 07, 2009 ... The Board of Directors for VIST Financial Corp. (NASDAQ:VIST) (formerly Leesport Financial Corp.) authorized on January 20, 2009 the payment of a quarterly cash dividend of $.10 per share, payable February 13, 2009, to shareholders of record as of February 2, 2009. VIST ...
Tyler Technologies to Provide Financial Management Solution for Mahoning County, Ohio.
Feb 07, 2009 ... Tyler Technologies, Inc. (NYSE: TYL) announced that Mahoning County, Ohio has purchased TylerEs financial management solution. The agreement, which is valued at approximately $1.8 million, includes software licenses, corresponding professional services, ongoing maintenance and support. ...
STEN Corporation Announces Intent to Voluntarily Delist its Common Stock from Nasdaq.(Report)
Feb 07, 2009 ... STEN Corporation (NASDAQ:STEN), a Minneapolis-based diversified business, announced that today it notified The Nasdaq Stock Market of its intent to voluntarily delist its common stock from The Nasdaq Stock Market. The Company incurs substantial costs on an annual basis as a ...
Softchoice Announces Election of Mr. Gilles Lamoureux to its Board of Directors.
Feb 07, 2009 ... Softchoice Corporation (TSX: SO), a leading North American provider of technology solutions and services, is pleased to announce the appointment of Gilles Lamoureux to the Board of Directors for the Company. "It gives me great pleasure to extend a warm welcome to the newest ...
Tribune to Deregister Debt Securities With SEC.
Feb 07, 2009 ... Tribune Company announced that it has filed a Form 15 with the Securities and Exchange Commission (SEC) to deregister its debt securities and suspend its reporting obligations under the Securities Exchange Act of 1934. As a result of the Form 15 filing, the company will no longer be ...
OfficeMax Names Bruce H. Besanko Executive Vice President and Chief Financial Officer.
Feb 07, 2009 ... OfficeMax Incorporated (NYSE:OMX) announced that Bruce H. Besanko will assume the role of executive vice president and chief financial officer effective February 16, 2009. Besanko, 50, served most recently as executive vice president, finance and chief financial officer for ...
HFF Announces $19.2 Billion 2008 Transaction Volume.
Feb 07, 2009 ... HFF, Inc. (NYSE:HF) announced that its 2008 year-end transaction volume reached approximately $19.2 billion in more than 600 transactions across its capital markets platforms including debt placement, investment sales, structured finance, and loan sales. HFFEs 2008 annual volume represents ...
Blackhawk Capital Group BDC, Inc. Announces Signing of Agreements.
Feb 07, 2009 ... Blackhawk Capital Group BDC, Inc., ("Blackhawk") (BULLETIN BOARD: BHCG.OB) , a Delaware corporation registered as a business development company under the Investment Company Act of 1940, as amended ("Investment Company Act") announced that on January 15, 2009 it entered into a Subscription ...
Chrysler Financial Receives Access to $1.5 Billion in Loans From the U.S. Department of Treasury.
Feb 07, 2009 ... Chrysler Financial announced it has received access for up to $1.5 billion in loans from the U.S. Department of Treasury's Troubled Asset Relief Program (TARP). The funds, which became available under the Emergency Economic Stabilization Act of 2008, will provide the necessary liquidity to ...
Federated Investors, Inc. Reports Fourth Quarter and Year-End 2008 Earnings; Total Managed Assets Increase to Record $407 Billion.(Financial report)
Feb 07, 2009 ... Federated Investors, Inc. (NYSE:FII), one of the nation's largest investment managers, reported earnings per diluted share (EPS) of $0.54 for the quarter ended Dec. 31, 2008 compared to $0.52 for the same quarter last year. Net income was $54.3 million for Q4 2008 compared to $52.7 million ...
First Financial Bancorp to Announce Fourth Quarter & Full-Year 2008 Financial Results on Wednesday, January 28, 2009.(Financial report)
Feb 07, 2009 ... First Financial Bancorp (NASDAQ:FFBC) announced that it expects to release fourth quarter and full-year 2008 financial results after the market closes on Wednesday, January 28, 2009. A conference call and webcast to discuss the results will be held on Thursday, January 29, 2009 at 9:00 ...
Neuralitic Systems Raises Additional Funding from Blackberry Partners Fund - BBPF's US$3 million, combined with earlier contributions by Vertex Venture Capital, BDC Venture Capital and GO Capital Fund, L.P., brings total investment raised to US$10 mi.
Feb 07, 2009 ... Neuralitic Systems, a Montreal-based firm that provides cutting-edge data services analytics to mobile network operators and communication service providers, announced that the Blackberry Partners Fund has invested US$3 million for a stake in the firm. The latest funding brings the total ...
NorthStar Realty Finance Announces Fourth Quarter Dividend.
Feb 07, 2009 ... NorthStar Realty Finance Corp. (NYSE:NRF) announced that its Board of Directors has declared a dividend of $0.25 per share of common stock, payable with respect to the quarter ended December 31, 2008. The dividend will be paid in a combination of cash, not to exceed 40% in the aggregate, ...
Opal Financial Group Invites Gordon 'Grant' Curtis to Speak at La Costa Global Asset Conference.(Conference news)
Feb 07, 2009 ... Gordon "Grant" Curtis has agreed to address the institutional investor community on February 1, 2009 at the La Costa Resort in Southern California. Mr. Curtis will lead discussions pertaining to alternative asset allocations for institutional investors and why they are so important in the ...
Securities Litigation and Consulting Group, Inc. Releases Updated 'Regions Morgan Keegan: the Abuse of Structured Finance' Documenting Asset-Backed Related Losses in Six Bond Funds and Related Misrepresentations.
Feb 07, 2009 ... Securities Litigation and Consulting Group, Inc. ("SLCG") has issued an updated report on six Regions Morgan Keegan (RMK) bond funds: Advantage Income Fund (RMA), High Income Fund (RMH), Strategic Income Fund (RSF), Multi-Sector High Income Fund (RHY), Select High Income Fund (MKHIX) and ...
The Bank of New York Mellon Appointed Trustee, Paying Agent and Registrar for Canada's C$32 Billion Asset-Backed Commercial Paper Market Restructuring.
Feb 07, 2009 ... The Bank of New York Mellon, through its subsidiary BNY Trust Company of Canada, has been appointed trustee, paying agent and registrar for the C$32 billion restructuring of Canada's non-bank sponsored asset-backed commercial paper market. The complex restructuring, which involves issuing ...
Wyeth Declares Common and Preferred Stock Dividends.
Feb 07, 2009 ... At a meeting of its Board of Directors, held today, Wyeth (NYSE:WYE) declared dividends on both the Common and Preferred Stock of the Company. A dividend of thirty cents ($.30) per share on the outstanding shares of Common Stock was declared payable on March 2, 2009 to ...
Commerce Bancshares, Inc. CBSH Announces Presentation to Analysts and Investors in New York January 26-28, 2009.
Feb 07, 2009 ... Commerce Bancshares, Inc. announced that Chief Financial Officer, Bayard Clark, will make a presentation to small groups of analysts and investors in New York on January 26-28, 2009. The presentation will be an update of the companyEs 2008 financial performance and general business plan. ...
A.M. Best Withdraws Ratings of Woodbrook Casualty Insurance, Inc. Due to Legal Entity Merger.
Feb 07, 2009 ... A.M. Best Co. notes the recent merger of Woodbrook Casualty Insurance, Inc. (Woodbrook) with and into its former affiliate, The Medical Assurance Company, Inc. (Medical Assurance), with Medical Assurance being the surviving insurer. Accordingly, A.M. Best has withdrawn the financial ...
AerCap Holdings N.V. to Release Fourth-Quarter and Full Year 2008 Financial Results on February 25, 2009.(Financial report)
Feb 07, 2009 ... AerCap Holdings N.V. ("AerCap," NYSE: AER) announced that it will host a conference call and webcast for investors and analysts at 9:30 am Eastern Time / 3:30 pm Central European Time on Wednesday, February 25, 2009 to review its fourth-quarter and full year 2008 financial results. ...
Barclays Wealth International Offer Free Financial Review for 2009.
Feb 07, 2009 ... Barclays Wealth International will be giving customers a helping hand with their finances in the New Year by offering free financial reviews. The free reviews will see the bank contribute hours of their top specialists' time in the New Year to help customers start ...
Celsia Technologies, Inc. Announces Effectiveness of Previously Announced Reverse Stock Split.
Feb 07, 2009 ... Celsia Technologies, Inc., (OTC Bulletin Board: CSAT), a Nevada corporation, announced that the previously announced one-for-ten reverse stock split of its common stock became effective on January 14, 2009. Celsia effected the reverse stock split by filing a Certificate of ...
Chrysler LLC Customers to Gain Increased Access to Affordable New Vehicle Financing with Chrysler Financial.
Feb 07, 2009 ... -- Chrysler customers with a wide range of credit scores are immediately eligible for affordable financing -- Company rolls out national zero percent APR offer on select vehicles -- Partnership with credit unions and independent lenders continues ...
Dalrada to Provide Credit Enhancement Services.
Feb 07, 2009 ... Dalrada Financial Corporation: (Pink Sheets: DFCO) announced that it has expanded its suite of services to include personal credit enhancement services. Dalrada saw a niche in its market to provide this suite of services to its 25,000 existing customers and to the general public due to the ...
Deloitte Online Survey: More Than Half of Executives Expect Recession to Continue Into 2011.
Feb 07, 2009 ... With the Obama administration and new Congress taking office in late January, a recent Deloitte online survey of more than 1,445 finance executives showed that 58.4 percent expect the current recession to continue for two to three more years. "Given the dollar amount of stimulus ...
Details of Ford Motor Company's January 29 Briefing for Fourth Quarter and Full Year 2008 Financial Results and 2009 Outlook.(Financial report)
Feb 07, 2009 ... Ford Motor Company (NYSE:F) will release its fourth quarter and full year financial results and 2009 outlook at 7 a.m. EST Thursday, Jan. 29. The following briefings will be conducted after the announcement. At 9 a.m. EST, Alan Mulally, Ford president and chief executive ...
EF Johnson Technologies, Inc. Lowers Guidance for 2008 and Settles Escrow Claims for $2.8 Million.
Feb 07, 2009 ... EF Johnson Technologies, Inc. (NASDAQ:EFJI) announced that it updated its guidance for 2008. The Company previously indicated that it expected to be profitable for the year, but now expects to post an operating loss due to lower than expected fourth quarter federal orders. The Company ...
Edward Jones Ranked No. 2 by FORTUNE Magazine in its 10th Year on Best Companies to Work for List.
Feb 07, 2009 ... The financial-services firm Edward Jones ranked No. 2 on FORTUNE magazine's "100 Best Companies to Work For 2009" list in its 10th year on the prestigious list. Edward Jones also ranked No. 1 for large-sized companies. The full list and related stories appear in the February 2 issue of ...
Enterprise Community Investment Announces Retirement of President and CEO Jeffrey H. Donahue.
Feb 07, 2009 ... Enterprise Community Investment, Inc. (Enterprise), a national leader in affordable housing finance and community development, announced the planned retirement of President and CEO Jeffrey H. Donahue, effective April 15, 2009. The company's board of directors has appointed Charles R ....
Folsom Lake Bank Announces Continued Strong Growth With 12/31/2008 Financial Results.
Feb 07, 2009 ... Folsom Lake Bank (OTC Bulltin Board: FOLB), announced unaudited financial results for the quarter and full year ending December 31, 2008. For the year, total assets increased 105% to $60.5 million, an increase of $31.0 million. Total deposits grew 192% over the 12 month period reaching ...
It's 'Cold as the Dickens' but Two Octogenarians Join Thousands to Run Securian Frozen 5k and Half Marathon.
Feb 07, 2009 ... Thousands of hearty people will brave Minnesota's cold weather to run in the Securian Frozen 5K and Half Marathon, January 24th in St. Paul. Two runners in their 80s will be among the participants -- 83-year-old Burt Carlson of Mound, Minn., and 82-year-old Joy Johnson, from San Jose, ...
Navarre Corporation to Announce Fiscal Third Quarter Financial Results on February 5, 2009.(Financial report)
Feb 07, 2009 ... Navarre Corporation (NASDAQ:NAVR), a publisher and distributor of home entertainment and multimedia software products, announced that it will report its financial results for the third quarter of its fiscal year 2009, ended December 31, 2008, following the close of the financial markets on ...
Redwood Trust Announces Pricing of Common Stock Offering.
Feb 07, 2009 ... Redwood Trust, Inc. (NYSE:RWT) announced the pricing of a public offering of 23 million shares of its common stock at a public offering price per share of $11.25. Redwood Trust has granted the underwriters a 30-day overallotment option to purchase up to 3.45 million additional shares of ...
Sasol Limited: Expected Earnings for the Six Months Ended 31 December 2008 and Revised Outlook for the Financial Year Ending 30 June 2009.
Feb 07, 2009 ... 1. Expected earnings for the six months ended 31 December 2008 Sasol's attributable earnings per share and headline earnings per share for the six months ended 31 December 2008 are estimated to increase by between 55% and 65% over the comparable previous reporting period. The ...
The Mergis Group Launches TARP and Government Bailout Talent Delivery Team to Help Employers Weather Financial Crisis.
Feb 07, 2009 ... In response to increased demand in the wake of recent government bailout provisions, The Mergis Group, a leading specialty professional placement firm, has created a TARP and Government Bailout Talent Delivery Team to manage and deliver companies' recruiting and staffing needs related to ...
Gila Corporation Wins 2009 Collection Technology Excellence Award.
Feb 07, 2009 ... Gila Corporation has been chosen as a winner of the 2009 Collection Technology Excellence Award, presented by CollectionTechnology.net. This award recognizes companies within the industry who have gone above and beyond to further collection technology and its associated community. ...
ALLETE to Announce 2008 Financial Results on February 13.(Financial report)
Feb 07, 2009 ... ALLETE, Inc. (NYSE:ALE) will announce its financial results for 2008 before the stock markets open on Friday, February 13, 2009. Following the release, ALLETE Chairman, President and CEO Donald J. Shippar and ALLETE Chief Financial Officer Mark A. Schober will present an ...
Citizens Republic Bancorp Announces Fourth Quarter 2008 Results.(Financial report)
Feb 07, 2009 ... Citizens Republic Bancorp, Inc. (NASDAQ:CRBC) announced a net loss of $195.4 million for the three months ended December 31, 2008, compared with a net loss of $7.2 million for the third quarter of 2008 and net income of $28.0 million for the fourth quarter of 2007. For the year ended ...
ECtel to Release Fourth Quarter Results on February 17, 2009; Issues Preliminary Financial Results.(Financial report)
Feb 07, 2009 ... ECtel Ltd. (NASDAQ: ECTX), a leading global provider of Integrated Revenue ManagementTM (IRMTM) solutions, announced that it will be releasing its fourth quarter and full year 2008 financial results on Tuesday, February 17, 2009. Furthermore, the Company is ...
Irvine Sensors Receives Nasdaq Notice Regarding Stockholders' Equity, Market Value of Listed Securities and Net Income From Continuing Operations.
Feb 07, 2009 ... Irvine Sensors Corporation (NASDAQ:IRSN) announced that it received a written notice from The Nasdaq Stock Market ("Nasdaq") on January 14, 2009 indicating that the Company fails to comply with the minimum stockholders' equity, market value and net income from continuing operations ...
PacWest Bancorp Announces Results for the Fourth Quarter of 2008.(Financial report)
Feb 07, 2009 ... PacWest Bancorp (NASDAQ:PACW) announced net earnings for the fourth quarter of 2008 were $9.6 million, or $0.35 per diluted share, compared to net earnings of $9.6 million, or $0.35 per diluted share, for the third quarter of 2008. Net earnings for the fourth quarter of 2008 included ...
Paladin Registry Says Friendly Financial Advisors are a Major Source of Investment Risk.
Feb 07, 2009 ... A recent Paladin Registry (http://www.paladinregistry.com/) study showed Ponzi investment scams have a common characteristic. The people behind the scams develop personal relationships with investors to create trust, gain control of assets, and generate referrals to other victims for their ...
Porter, White & Company Announces Management Changes.
Feb 07, 2009 ... Porter, White & Company announced that Goodloe H. White has been named President and Dwight V. Percy has been named Executive Vice President and Chief Financial Officer. The appointments are effective January 1, 2009. James H. White, III remains Chairman & Chief Compliance ...
Portfolio Solutions Hires Impact Communications to Promote Its Low Advisor Fee Message, Reach More Individual Investors: Independent Investment Advisory Firm Triples Communications Efforts to Help Americans Through Tough Economic Times.
Feb 07, 2009 ... Portfolio Solutions, LLC, an independent, fee-only, 0.25% annual fee investment advisory firm that specializes in low-cost, professional investment management for individual investors and small institutions, announced that it has hired Impact Communications, Inc. to promote its low advisor ...
Spirit AeroSystems to Release Fourth Quarter and Full-Year 2008 Financial Results on February 5.(Financial report)
Feb 07, 2009 ... Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will release its fourth quarter and full-year 2008 financial results at 6:30 a.m. Central time on Thursday, Feb. 5. President and Chief Executive Officer Jeff Turner and Chief Financial Officer Rick Schmidt will participate in a ...
Tempur-Pedic Reports Fourth Quarter and Full Year Earnings.(Financial report)
Feb 07, 2009 ... Tempur-Pedic International Inc. (NYSE:TPX), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, announced financial results for the fourth quarter and year ended December 31, 2008. The Company also announced financial guidance for 2009. ...
Venture Capital Fundraising Activity Falls in the Fourth Quarter of 2008.
Feb 07, 2009 ... Forty-three venture capital funds raised $3.4 billion in the fourth quarter of 2008, according to Thomson Reuters and the National Venture Capital Association (NVCA). This level represented a significant decline from both the previous quarter ($8.4 billion) and the same quarter in 2007 ...
comScore Will Report Fourth Quarter 2008 Financial Results on February 11, 2009.(Financial report)
Feb 07, 2009 ... comScore, Inc. (NASDAQ:SCOR), will report financial results for the quarter ended December 31, 2008 in a live conference call on Wednesday, February 11 at 5:00 p.m. ET. Dr. Magid Abraham, President and Chief Executive Officer, and John Green, Chief Financial Officer, will ...
MoneyGram International Adds 13 Countries, 33,000 Locations to Global Money Transfer Network.
Feb 07, 2009 ... MoneyGram International (NYSE: MGI) announced that in 2008 the company added 13 countries and territories and more than 33,000 locations to its global network, helping people and communities around the world by providing more convenient choices for safe and reliable money transfer ...
Abaxis to Report Third Quarter Fiscal 2009 Financial Results Thursday, January 29, 2009.(Financial report)
Feb 07, 2009 ... Abaxis, Inc. (NASDAQ:ABAX), a medical products company manufacturing point-of-care blood analysis systems, has scheduled a conference call to discuss its financial results for the third quarter of fiscal year 2009, ended December 31, 2008. The call will be at 4:15 p.m. ET on Thursday, ...
Acquire Media Inks Agreement With London Stock Exchange's Regulatory News Service.
Feb 07, 2009 ... Acquire Media, a premier digital content provider serving financial and corporate professionals, announced that it has signed an agreement with the London Stock Exchange's Regulatory News Service (RNS) to deliver critical information to traders and other financial executives. ...