Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers PRNewswire (October 06, 2008)
CALABASAS, Calif., Oct. 6 /PRNewswire/ -- Bank of America today announced the creation of a proactive home retention program that will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 Countrywide Financial Corporation customers nationwide.
Court tilts Wachovia fight toward Wells Fargo AP (October 06, 2008) NEW YORK (AP) - The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruling that had favored rival bidder Citigroup.
Europe governments strive to avoid bank meltdown AP (October 06, 2008) LONDON (AP) - European governments struggled to find a coordinated response to the crisis sweeping financial markets Monday, as countries one after the other announced sweeping deposit guarantees on their own to try and shore up their banks. Stock markets plunged.
Fed will provide as much as $900 in loans to banks AP (October 06, 2008) WASHINGTON (AP) - The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.
Fidelity National Financial, Inc. Announces 3rd Quarter 2008 Earnings Release and Conference Call PRNewswire (October 06, 2008)
JACKSONVILLE, Fla., Oct. 6 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. , a leading provider of title insurance, specialty insurance, claims management services and information services, will release 3rd quarter 2008 earnings after the close of regular market trading on Wednesday, October 22, 2008. A conference call will follow at 9:00 a.m. Eastern Time on Thursday, October 23,
Credit still tight as Europe scrambles, Fed boosts AP (October 06, 2008) NEW YORK (AP) - The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets.
Germany considers national financial "shield" AP (October 06, 2008) BERLIN (AP) - Germany's finance minister said Monday he is considering creating a "shield" that would protect the country's entire financial sector, arguing it would not be possible to continue to address troubled financial institutions on a case by case basis.
Unicredit's Profumo acknowledges errors AP (October 06, 2008) MILAN, Italy (AP) - Unicredit Chief Executive Alessandro Profumo acknowledged Monday that Italy's largest bank had underestimated the significant market changes since the collapse of the U.S. investment bank Lehman Brothers, forcing the board to seek a capital increase and cut profit forecasts.
Treasury and Fed pledge rapid response to crisis AP (October 06, 2008) WASHINGTON (AP) - The president's top economic advisers are pledging to work with their counterparts around the world to restore confidence and stability to financial markets roiled by tight credit and worries about a global economic slowdown .
SKorea wants financial summit with China, Japan AP (October 06, 2008) SEOUL, South Korea (AP) - South Korea's ruling party says President Lee Myung-bak will propose a summit with China and Japan to discuss how to cope with the current global economic crises.
Credit still tight as Europe governments scramble AP (October 06, 2008) NEW YORK (AP) - The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets.
MasterCard Worldwide Wins 2008 Connect NonStop Availability Award for Network Reliability PRNewswire (October 06, 2008)
ST. LOUIS, Oct. 6 /PRNewswire/ -- MasterCard Worldwide today announced the company earned the 2008 Connect NonStop Availability Award. This is the fourth time in five years that MasterCard Worldwide has earned this honor, which was formerly known as the International Tandem User Group (ITUG) NonStop Availability Award.
Allianz investing $2.5B in Hartford Financial AP (October 06, 2008) CHARLOTTE, N.C. (AP) - Hartford Financial Services Group Inc. said Monday it will receive a $2.5 billion investment from Allianz SE.
Chinese insurer to record $2.3B loss on Fortis AP (October 06, 2008) BEIJING (AP) - China's Ping An Insurance Co. said Monday it will record a $2.3 billion loss on its stake in troubled European bank Fortis NV, in the biggest blow yet to a Chinese institution from the global credit crisis.
Official: Kashkari to be tapped to head bailout AP (October 06, 2008) WASHINGTON (AP) - An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions.
Rockit Solutions, LLC & Rockefeller & Co., Inc. to Host ROC'08 Wealth Management Forum at The Times Center in New York on December 2, 2008 PRNewswire (October 06, 2008)
STAMFORD, Conn. and NEW YORK, Oct. 6 /PRNewswire/ -- Rockit Solutions, LLC (Rockit(TM)) a wholly-owned subsidiary of Rockefeller & Co., Inc. and an industry-leading wealth data aggregation, reconciliation, and reporting solution designed specifically for family offices, ultra high net worth individuals and financial institutions, and Rockefeller & Co., Inc., a leading global wealth man
Bank of America settles suits over bad mortgages AP (October 06, 2008) SPRINGFIELD, Ill. (AP) - Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.
German gov't, banks agree to $69B bailout for Hypo AP (October 06, 2008) BERLIN (AP) - Germany on Sunday guaranteed all private bank accounts and negotiated a 50 billion euro ($69 billion) bailout deal for Hypo Real Estate AG as Europe's second largest economy sought to ward off financial crisis.
BNP Paribas to take majority stake in Fortis AP (October 06, 2008) BRUSSELS, Belgium (AP) - Officials of troubled Belgian bank Fortis NV acknowledged Monday they had no choice but to seek a buyout by another bank because of the increasing problems the company suffered due to the global financial credit crisis.
NEWSWEEK International Editions: Highlights And Exclusives, October 13, 2008 Issue PRNewswire (October 05, 2008)
COVER: The Future of Capitalism (All overseas editions). Senior Editor Rana Foroohar reports that there's a palatable sense that we are leaving the golden era of free markets, easy credit, high-risk deals, and big paydays, and entering a new paradigm of tight money, tough regulation, less speculation and more government meddling in markets. "At a fundamental level, the model of globalizat
Radio Address by President Bush to the Nation PRNewswire (October 04, 2008)
WASHINGTON, Oct. 4 /PRNewswire-USNewswire/ -- The following is a transcript of the Radio Address by President Bush to the Nation:
Wells Fargo agrees to buy Wachovia, Citi objects AP (October 03, 2008) NEW YORK (AP) - A battle broke out for control of Wachovia Friday as Wells Fargo signed a $15.1 billion agreement to buy the Charlotte, N.C.-based bank, while Citigroup and the federal regulators backing its earlier deal insisted that Citi's takeover bid go forward.
CEO, 5 other Washington Mutual executives leaving AP (October 03, 2008) WASHINGTON (AP) - The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon.
Blunt Statement on Passage of Economic Rescue Package PRNewswire (October 03, 2008)
WASHINGTON, Oct. 3 /PRNewswire-USNewswire/ -- House Republican Whip Roy Blunt (Mo.) issued the following statement this afternoon subsequent to House passage of the economic rescue package, legislation aimed at stabilizing our financial markets and ensuring the availability of credit remains intact for American consumers, homeowners, and small business owners:
NICE Systems Schedules Conference Call to Discuss Third Quarter 2008 Results PRNewswire (October 03, 2008)
RA'ANANA, Israel, October 3 /PRNewswire-FirstCall/ -- NICE Systems the global provider of advanced solutions that enable organizations to extract Insight from Interactions to drive performance, today announced that it plans to report its third quarter 2008 financial results on Wednesday, November 12, 2008.
Toyota announces zero-percent financing AP (October 03, 2008) DETROIT (AP) - Toyota Motor Corp. has announced zero-percent financing on 11 models as it tries to woo would-be buyers sidelined by the consumer credit crunch.
AARP: House Vote Brings Economic Relief One-Step Closer to Americans PRNewswire (October 03, 2008)
WASHINGTON, Oct. 3 /PRNewswire-USNewswire/ -- AARP Chief Operating Officer Tom Nelson issued the following statement following passage of the economic rescue package in the House of Representatives.
First Niagara Financial Group to Announce 3rd Quarter 2008 Results on October 22, 2008 PRNewswire (October 03, 2008)
LOCKPORT, N.Y., Oct. 3 /PRNewswire-FirstCall/ -- First Niagara Financial Group, Inc. , today announced that it will release 2008 third quarter earnings before the market opens on Wednesday, October 22, 2008. A conference call will follow at 11:00 a.m. Eastern Time, in which management will discuss the Company's financial results and business strategy, followed by a question-and-answer session.
AIG plans sale of business units to repay debt AP (October 03, 2008) CHARLOTTE, N.C. (AP) - The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan.
Pinellas County Realtor(R) Named 2008 Realtor of Year; FAR Honors Award Winners at Convention PRNewswire (October 03, 2008)
ORLANDO, Fla., Oct. 3 /PRNewswire/ -- Nancy Riley, the 2007 president of the Florida Association of Realtors(R) (FAR) and a member of the Pinellas Suncoast Association of Realtors, has been named FAR's 2008 Realtor of the Year. The award -- one of several -- was presented at FAR's recent 92nd annual Convention & Trade Expo at the Buena Vista Palace Hotel and Spa in Lake Buena Vista, Fla.
Connolly Consulting Makes the 2008 Inc. Magazine's List of America's 5000 Fastest Growing Companies PRNewswire (October 03, 2008)
WILTON, Conn., Oct. 3 /PRNewswire/ -- Inc. Magazine recently included Connolly Consulting in its annual ranking of the 5000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy -- America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
First Franklin Corporation Declares Quarterly Dividend PRNewswire (October 03, 2008)
CINCINNATI, Oct. 3 /PRNewswire-FirstCall/ -- The board of directors of First Franklin Corporation has declared a dividend of $0.045 per share for the third quarter of 2008. This is the eighty-third consecutive dividend paid by the company. The dividend will be payable October 20, 2008 to shareholders of record as of October 10, 2008. In accordance with NASD regulations, the ex-dividend dat
How We Got Here: Credit Crisis Explained at BLOOMBERG.COM PRNewswire (October 03, 2008)
NEW YORK, Oct. 3 /PRNewswire/ -- The credit crunch hitting financial markets, investors and consumers is explained in a special series on the BLOOMBERG.COM(R) Web site. The series, "How We Got Here," is a package of in depth BLOOMBERG NEWS(R) stories from 2007 and 2008 that predicted and tracked the unfolding crisis as subprime mortgages infected the world's banking system.
Oaks Development Group Launches Equity Investment Division PRNewswire (October 03, 2008)
BOSTON, Oct. 3 /PRNewswire/ -- North Carolina-based Oaks Development Group, developer of medical properties throughout the United States, announced today it is launching a new division, based out of Boston, focused on providing venture capital and partnership opportunities to private equity investors in key markets across the country. This announcement comes on the heels of Oaks' 25th anniver
Reinsurance Forum Features General Counsels, Rating Agencies & Regulators PRNewswire (October 03, 2008)
BOSTON, Oct. 2 /PRNewswire/ -- A 30-member panel comprising general counsels from major reinsurance companies, regulatory agencies, law firms, ratings organizations, financial firms and the media will gather at the Ritz-Carlton Boston Commons next week, Oct. 6-7, to discuss a variety of issues facing the complex and global reinsurance industry.
Bancolombia S.A. Announces That It Has Signed a New Collective Bargaining Agreement PRNewswire (October 03, 2008)
MEDELLIN, Colombia, Oct. 3 /PRNewswire-FirstCall/ -- At a meeting held yesterday, Bancolombia S.A. ("Bancolombia") and the unions Uneb and Sintrabancol, agreed to a new collective bargaining agreement (the "Agreement"). The Agreement will have a term of three (3) years, beginning on November 1, 2008. Approximately 71% of Bancolombia's employees will be covered by the Agree
Pelosi Statement on Passage of Bipartisan Economic Rescue Legislation PRNewswire (October 03, 2008)
WASHINGTON, Oct. 3 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi, House Democratic leaders, and Chairman Barney Frank of the House Financial Services Committee held a news conference this afternoon following the passage of the bipartisan Emergency Economic Stabilization Act of 2008, which passed by a vote of 263 to 171.
Congress clears hotly contested bailout bill AP (October 03, 2008) WASHINGTON (AP) - Congress has passed complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry.
GMAC Global Relocation Services to Host Webinar on Doing Business in Arab Nations PRNewswire (October 03, 2008)
OAK BROOK, Ill., Oct. 3 /PRNewswire/ -- GMAC Global Relocation Services (http://www.GMACGlobalRelocation.com) will offer a complimentary "Webinar" presentation exploring aspects of doing business and living in the Arab Nations.
Japan's Norinchukin buys stake in Credit Agricole AP (October 03, 2008) TOKYO (AP) - Japan's Norinchukin Bank said Friday it has acquired a 0.5 percent stake worth about about 30 billion yen, or $286 million, in France's Credit Agricole SA, which has been shoring up its capital base after being hit by U.S. credit-related losses.
MasterCard Incorporated to Host Investment Community Call at the ATM, Debit, and Prepaid Forum PRNewswire (October 03, 2008)
PURCHASE, N.Y., Oct. 3 /PRNewswire-FirstCall/ -- On Monday, October 6, Richard G. Lyons Jr., Executive Vice President Global Debit, and Prepaid for MasterCard , will present a global overview on debit to the investment community at the ATM Debit & Prepaid Forum in Phoenix, Arizona. The discussion will begin at 3.30 p.m. (EDT) and last for approximately 45 minutes.
Column: Bailout won't cure economic stress AP (October 03, 2008) NEW YORK (AP) - Once the government decides it will spend $700 billion to get the economy started again, don't expect immediate results.
Penn Treaty Trades as PTYA on OTC PRNewswire (October 03, 2008)
ALLENTOWN, Pa., Oct. 3 /PRNewswire-FirstCall/ -- Penn Treaty American Corporation today announced that its shares of common stock are available for trade on the over-the-counter electronic market ("Pink Sheets") under the symbol PTYA. Quotes, news and information are accessible through many brokerage systems and websites, including but not limited to pinksheets.com and bloomberg.co
Northern Trust Corporation to Webcast Third Quarter 2008 Earnings Conference Call PRNewswire (October 03, 2008)
CHICAGO, Oct. 3 /PRNewswire-FirstCall/ -- Northern Trust Corporation announced today that it will webcast its third quarter 2008 earnings conference call live on Wednesday, October 22, 2008. The audio webcast opens the call to all investors, allowing them to listen to the perspectives offered by Steven L. Fradkin, Executive Vice President and Chief Financial Officer. The webcast will be acces
Tax breaks big and small sweeten financial bailout AP (October 03, 2008) WASHINGTON (AP) - Millions of taxpayers, thousands of businesses and groups as diverse as solar power developers and natural disaster victims will see tax relief with the House vote Friday to approve and send to the president a $700 billion financial rescue plan.
AICPA Applauds House Passage of Financial Stability Bill PRNewswire (October 03, 2008)
WASHINGTON, Oct. 3 /PRNewswire/ -- The following is a statement by Barry Melancon, president and CEO of the American Institute of Certified Public Accountants on Congress's passage of financial stabilization legislation.
Teetering bank is bought by Dutch government AP (October 03, 2008) AMSTERDAM, Netherlands (AP) - The Dutch government said Friday it will buy all operations of Fortis NV in the Netherlands for 16.8 billion euros ($23.2 billion) as the troubled bank teetered on the edge of insolvency.
Credit markets still tight after bailout approval AP (October 03, 2008) NEW YORK (AP) - The stranglehold on the credit markets remained tight Friday after the House approved a revised $700 billion financial bailout, with investors still dubious about the plan's ability to boost the faltering U.S. economy.
India Globalization Capital to Present at the Maxim Group Growth Conference PRNewswire (October 03, 2008)
BETHESDA, Md., Oct. 3 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. , , , a company developing infrastructure in India, announced today that Ram Mukunda, Founder and Chief Executive Officer, will present at the Maxim Group Growth Conference in the Grand Hyatt New York Hotel in New York City on Tuesday, October 7, 2008 at 3:00 p.m. ET.
UBS to cut 2,000 jobs at its investment bank AP (October 03, 2008) ZURICH, Switzerland (AP) - Swiss bank UBS AG will cut 2,000 jobs at its troubled investment banking unit, most of which will be lost in the U.S. and Britain, an official said.
First Industrial Realty Trust Updates 2008 Guidance and Initiates 2009 Guidance PRNewswire (October 03, 2008)
CHICAGO, Oct. 3 /PRNewswire-FirstCall/ -- First Industrial Realty Trust, Inc. , a leading provider of industrial real estate supply chain solutions, today announced that it has revised its 2008 funds from operations (FFO) per share/unit guidance from the previous range of $4.70 to $5.00 to a range of $3.45 to $3.75, and its guidance for 2008 earnings per share (EPS) from the previous range of
Solera National Bank to Make Donations to Local Non-profits in Recognition of Hispanic Heritage Month PRNewswire (October 02, 2008)
LAKEWOOD, Colo., Oct. 2 /PRNewswire/ -- In recognition of Hispanic Heritage Month honoring the independence of Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico and Nicaragua, Solera National Bank is donating $50 in the name of any new or existing client that opens a Personal or Business checking account between September 15th and October 15th, 2008, to one of three local non-profits
Global Payments Reports First Quarter Earnings PRNewswire (October 02, 2008)
ATLANTA, Oct. 2 /PRNewswire-FirstCall/ -- Global Payments Inc. today announced results for its fiscal first quarter ended August 31, 2008. For the first quarter, revenues grew 30 percent to $405.8 million compared to $311.0 million in the prior year. Excluding a prior period restructuring charge relating to a facility closure, diluted earnings per share grew 31 percent to $0.71 compared to $
Despite crisis, ECB should hold steady AP (October 02, 2008) FRANKFURT, Germany (AP) - The European Central Bank met Thursday amid calls for an interest rate cut in the face of the growing financial crisis, but analysts said the bank likely would hold its benchmark interest rate steady as inflation outweighs worries about the meltdown.
Nobel Learning Communities, Inc. to Present at the William Blair & Company's Small-Cap Growth Stock Conference PRNewswire (October 02, 2008)
WEST CHESTER, Pa., Oct. 2 /PRNewswire-FirstCall/ -- Nobel Learning Communities, Inc. , a leading operator of private preschools, elementary schools, and middle schools, today announced that Tom Frank, Senior Vice President and Chief Financial Officer, and Lee Bohs, Senior Vice President of Corporate Development, will present at the William Blair & Company's Small-Cap Growth Stock Conferenc
Corporate Safe Specialists and Pinnacle Announce Integration of POS/Cash Management Solution PRNewswire (October 02, 2008)
POSEN, Ill., Oct. 2 /PRNewswire/ -- Corporate Safe Specialists (CSS) and The Pinnacle Corporation ("Pinnacle") announced today that interface and certification efforts are nearly complete between CSS' line of Advanced Cash Control Systems and Pinnacle's Palm POS(TM).
Credit tightens as rescue bill heads back to House AP (October 02, 2008) NEW YORK (AP) - The Senate's endorsement of the $700 billion financial bailout plan couldn't relax the credit market Thursday, as investors waited for the revised bill to go back to the House.
Delaware Enhanced Global Dividend and Income Fund Announces Dividends PRNewswire (October 02, 2008)
PHILADELPHIA, Oct. 2 /PRNewswire-FirstCall/ -- Today, Delaware Enhanced Global Dividend and Income Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DEX," declares a monthly dividend of $0.142 per share. The dividend is payable October 31, 2008, to shareholders of record at the close of business on October 17, 2008. The ex-divid
1 PM Press Call on Bailout with Reps. Chabot and Kilpatrick PRNewswire (October 02, 2008)
WASHINGTON, Oct. 1 /PRNewswire-USNewswire/ -- Tomorrow, Thursday, October 2 at 1 PM Eastern, Ohio Rep. Steve Chabot and Michigan Rep. Carolyn Cheeks Kilpatrick will join Wade Henderson of the Leadership Conference on Civil Rights and Mike Calhoun of the Center for Responsible Lending to discuss the reason why so many members of Congress have pushed to include the bankruptcy provisions and what
Delaware Investments Dividend and Income Fund, Inc. Announces Dividends PRNewswire (October 02, 2008)
PHILADELPHIA, Oct. 2 /PRNewswire-FirstCall/ -- Today, Delaware Investments Dividend and Income Fund, Inc. (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "DDF," declares a monthly dividend of eight cents per share. This dividend is payable October 31, 2008, to shareholders of record at the close of business on October 17, 2008. The
'Financial Crisis in the Banking Industries' Subject of Teleconference PRNewswire (October 02, 2008)
PHILADELPHIA, Oct. 1 /PRNewswire/ -- Two attorneys from a leading U.S. law firm have been selected to provide a 100-minute telephone briefing focused on the role, authority and special powers of the FDIC in dealing with the spate of failures the financial sector has experienced this year.
National City Declares Quarterly Dividends PRNewswire (October 02, 2008)
CLEVELAND, Oct. 2 /PRNewswire-FirstCall/ -- National City Corporation announced that a cash dividend will be paid on its common stock in the amount of $.01 per share. In addition, a cash dividend will be paid on its Series F preferred stock in the amount of $.6171875 per depositary share. All dividends will be distributed on November 3, 2008 to stockholders of record as of October 13, 200
France to host EU summit on money crisis AP (October 02, 2008) PARIS (AP) - France will host a European financial summit Saturday in Paris, bringing together leaders of four countries to deal with the international financial crisis.
Mint.com Helps Main Street Americans Show Financial Savvy and Save Money PRNewswire (October 02, 2008)
MOUNTAIN VIEW, Calif., Oct. 2 /PRNewswire/ -- Mint.com (http://www.mint.com) the leading online personal finance service, today released findings from an analysis of its users' spending from January through August 2008. While the headlines continue to be filled with news of Wall Street excesses and bad judgment, money-savvy Main Street Americans, as represented by Mint.com's nearly 500,000 use
Early Registration Ends Soon for CMAI's Plastics Processors Conference - Europe PRNewswire (October 02, 2008)
HOUSTON, Oct. 2 /PRNewswire/ -- With a successful conference this past week in Chicago for CMAI's 5th Annual Plastics Processors Conference, Chemical Market Associates, Inc. (CMAI) will host its first Plastics Processors Conference & Polyolefins Industry Workshop in Europe at the Intercontinental Hotel in Dusseldorf, Germany on November 5-6, 2008. Early registration closes Monday, October
PNC Declares Dividend of 66 Cents on Common Stock and Initial Dividend on Preferred Stock, Series K PRNewswire (October 02, 2008)
PITTSBURGH, Oct. 2 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. today announced that the board of directors declared a quarterly cash dividend of 66 cents per share on the common stock. The dividend is payable Oct. 24, 2008 to shareholders of record at the close of business Oct. 13, 2008.
Delaware Investments(R) Municipal Income Funds Announce Dividends PRNewswire (October 02, 2008)
PHILADELPHIA, Oct. 2 /PRNewswire-FirstCall/ -- Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc. (formerly Delaware Investments Colorado Insured Municipal Income Fund, In
Bush: Lawmakers 'must listen' vote yes AP (October 02, 2008) WASHINGTON (AP) - President Bush and congressional backers of a $700 billion financial industry bailout carried out high-intensity lobbying Thursday, on the eve of a crucial House vote that Bush said "a lot of people are watching."
House girds for 2nd try on financial rescue AP (October 02, 2008) WASHINGTON (AP) - House members are getting another chance to vote on a financial bailout bill that has infuriated millions of voters after the Senate added tax cuts and other sweeteners and passed it handily.
Actimize, a NICE Systems Company, Delivers Proven ATM and Debit Fraud Prevention Capabilities to MasterCard PRNewswire (October 02, 2008)
NEW YORK, October 2 /PRNewswire-FirstCall/ -- Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company, today announced that MasterCard is using the Actimize technology to augment its ATM and Debit fraud detection capabilities for issuers.
UBS expects return to profit in third quarter AP (October 02, 2008) BASEL, Switzerland (AP) - Swiss bank UBS said Thursday it expects "a small profit" in the third quarter, raising hopes that a dismal year of U.S. sub-prime related losses - to the tune of some 45 billion Swiss francs ($40 billion) - may soon be over. The company's shares rose.
Carnegie Medals Awarded to 25 for Extraordinary Civilian Heroism PRNewswire (October 02, 2008)
PITTSBURGH, Oct. 2 /PRNewswire/ -- In its third award announcement of 2008, the Carnegie Hero Fund Commission today named 25 individuals as recipients of the Carnegie Medal. The medal is awarded throughout the United States and Canada to those who risk their lives to an extraordinary degree while saving or attempting to save the lives of others. Four of the awardees lost their lives in the per
The Macerich Company Announces Third Quarter 2008 Earnings Release and Conference Call PRNewswire (October 02, 2008)
SANTA MONICA, Calif., Oct. 2 /PRNewswire-FirstCall/ -- Macerich today announced that it will release third quarter 2008 earnings results before the market opens on Tuesday, November 4, 2008. Management will hold a conference call at 1:30 pm ET on November 4, 2008 to discuss quarterly results. Arthur Coppola, CEO and Chairman of the Board of Directors of Macerich and Thomas O'Hern, Senior Ex
European Central Bank holds rates steady AP (October 02, 2008) FRANKFURT, Germany (AP) - The European Central Bank left its key interest rate unchanged Thursday amid concerns over inflation but explored the option of lowering the rate as the financial crisis increasingly affects the continent.
China Advanced Construction Materials to Present at the Maxim Group Growth Stock Conference PRNewswire (October 02, 2008)
NEW YORK and BEIJING, Oct. 2 /PRNewswire-FirstCall/ -- China Advanced Construction Materials Group, Inc. ("China ACM") today announced that Mr. Han, Chief Executive Officer, and members of the senior management team will present at the Maxim Group Growth Stock Conference at the Grand Hyatt Hotel in New York City on Tuesday, October 7th, 2008 at 4 p.m. Eastern Time. The presentation wil
Credit markets tight as Senate vote looms AP (October 01, 2008) (AP) - NEW YORK - The credit markets remained choked Wednesday ahead of the highly anticipated Senate vote on the government's financial rescue plan, keeping key lending rates and demand for Treasurys at lofty levels.
Borders issues warrants to Pershing Square Capital AP (October 01, 2008) ANN ARBOR, Mich. (AP) - After failing to find a buyer, Borders Group Inc. has been forced to issue warrants to Pershing Square Capital Management, giving its biggest shareholder even more control over the Ann Arbor, Mich.-based bookseller.
NO on the Bail-Out; 'ELECTION 2008: Lipstick on the Pig' Free Online Book Explains Why PRNewswire (October 01, 2008)
WASHINGTON, Oct. 1 /PRNewswire/ -- Earth Intelligence Network, a 501(c)3 charity dedicated to providing public intelligence, today has released ELECTION 2008: Lipstick on the Pig. This full-color 145-page book, free online, denounces the proposed bail-out as both unconstitutional and fraudulent, while noting that electoral fraud and the disenfranchisement of half of our voters -- and the two d
Cindy Sheehan Denounces Opponent for Putting Corporate Interests Ahead of the Will of the Voters in Pushing for Failed Bailout PRNewswire (October 01, 2008)
SAN FRANCISCO, Sept. 30 /PRNewswire-USNewswire/ -- Today, Cindy Sheehan, candidate for Congress, denounced Nancy Pelosi (D-SF) for her support of the now-failed "bailout for Corporate America." Sheehan also kept up her call for a progressive and comprehensive "bottom up" plan that gets to the heart of the economic crisis and addresses the needs of everyday Americans struggl
Xstrata drops bid for platinum miner Lonmin AP (October 01, 2008) ZUG, Switzerland (AP) - Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.
Congress leaders optimistic on revived bailout AP (October 01, 2008) WASHINGTON (AP) - Congressional leaders said that adding tax breaks and increasing federal deposit insurance should improve chances a $700 billion financial rescue plan will pass the Senate Wednesday night, a message they hoped wouldn't get lost on a convulsive Wall Street.
Residents and Community Leaders Invited to 'Envision Prince George's' at October 3 Event PRNewswire (September 30, 2008)
UPPER MARLBORO, Md., Sept. 30 /PRNewswire-USNewswire/ -- On Friday, October 3, 2008, from 9 a.m. to 4 p.m., the Prince George's County Planning Department of The Maryland-National Capital Park and Planning Commission (M-NCPPC), along with the Prince George's County Economic Development Corporation (EDC) and Prince George's County government, will hold a one-day economic outlook forum called &q
CSC Unveils End-to-End Java Technology-based Solution for Property and Casualty Insurers PRNewswire (September 30, 2008)
FALLS CHURCH, Va., Sept. 30 /PRNewswire/ -- CSC today introduced a Java Platform Enterprise Edition (Java EE) compatible solution for policy administration that provides platform and database flexibility. The company is offering the new software, POINT IN J, to property and casualty (P&C) insurers that want an integrated, open systems platform to improve efficiency and help speed new prod
Penn Liberty Bank Honors Robert and Patricia Gempel PRNewswire (September 30, 2008)
WAYNE, Pa., Sept. 30 /PRNewswire/ -- Penn Liberty Bank honored Robert and Patricia Gempel, the founders of HOPE worldwide, a non-profit organization that provides sustainable, capacity-building health and education programs around the world. Headquartered in Wayne, Pennsylvania, HOPE worldwide focuses on health, education, employment and disaster relief throughout the world.
Bush implores Congress to act to rescue markets AP (September 30, 2008) WASHINGTON (AP) - President Bush said Tuesday the economic damage to the nation will be "painful and lasting" if Congress fails to pass a $700 billion bailout bill.
Photos: Sotheby's Presents Colorado Luxury Real Estate Auction PRNewswire (September 30, 2008)
BOULDER, Colo., Sept. 30 /PRNewswire/ -- Scott Franklund, President of Legendary Properties Sotheby's International Realty, is hosting the Sotheby's Fall 2008 Luxury Real Estate Sealed Bid Auction offering buyers an unprecedented assemblage of motivated sellers throughout Colorado.
Equitable Resources to Present at IPAA's OGIS San Francisco Conference PRNewswire (September 30, 2008)
PITTSBURGH, Sept. 30 /PRNewswire-FirstCall/ -- Equitable Resources, Inc. Chairman and CEO, Murry Gerber, is scheduled to present at IPAA's OGIS San Francisco Conference on October 8, 2008 at 5:15 p.m. Eastern Time. The slides for this presentation will be posted to the Company's website. This event will be webcast live via Equitable Resources' website, http://www.eqt.com, and will be availabl
QNB Bank To Open Branch Office in Wescosville PRNewswire (September 30, 2008)
QUAKERTOWN, Pa., Sept. 30 /PRNewswire/ -- Thomas J. Bisko, President and CEO of QNB Bank (QNB), announced that QNB will be establishing its ninth branch office in the West Valley Market Place at 1042 Mill Creek Road in Lower Macungie Township. The bank will occupy the retail space adjacent to Cold Stone Creamery. Construction of the new office is currently underway and a mid-November, 2008 ope
Grubb & Ellis Healthcare REIT Acquires Medical Portfolio 4 PRNewswire (September 30, 2008)
SANTA ANA, Calif., Sept. 30 /PRNewswire-FirstCall/ -- Grubb & Ellis Healthcare REIT, Inc. today announced the acquisition of Medical Portfolio 4, comprising five medical office buildings in Arizona, Ohio and Texas.
Monarch Bank Announces $100 Million of Excess FDIC Insurance Protection Through New CDARS(R) Program PRNewswire (September 30, 2008)
CHESAPEAKE, Va., Sept. 30 /PRNewswire-FirstCall/ -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. , today announces a new service that will provide greater access to FDIC insurance. Certificate of Deposit Account Registry Services, (CDARS), allows individuals and businesses the security of FDIC insurance of up to $50 million on CD investments, with just one banking relationshi
NONPROFIT ADVISORS READY TO HELP STRAPPED HOME OWNERS FIND HOPE PRNewswire (September 30, 2008)
ST. PAUL, Minn., Sept. 30 /PRNewswire/ -- The Minnesota Home Ownership Center's nonprofit network of mortgage support advisors is ready and able to help struggling home owners navigate the federal HOPE Act, set to take effect on Oct. 1. Under the new law, eligible home owners in default, and those in danger of falling behind, can potentially refinance their mortgage with the Federal Housing A
CII Fall Conference Speakers Debate Long-Term Implications of the Financial Crisis PRNewswire (September 30, 2008)
WASHINGTON, Sept. 30 /PRNewswire/ -- Leading short sellers, CEOs and financial regulators will assess the implications of the global financial crisis and other long-term challenges at the annual fall meeting of the Council of Institutional Investors (CII) Oct. 5-7, 2008 at the Hilton Chicago. The theme of the conference is "Thinking Long-Term."
Study Reveals Small Business Owners' Fears About Economy Rising, Access to Cash and Ability to Save Are Major Concerns PRNewswire (September 30, 2008)
BELLEVUE, Wash., Sept. 30 /PRNewswire/ -- At a time when many of the nation's largest companies are struggling to survive, a growing number of small businesses are also feeling the stress that comes from making and saving money in a tough economy, according to the results of a new survey conducted by Harris Interactive for ING DIRECT's ShareBuilder 401k.
RCGA Endorses Proposition A on November 4th Missouri Ballot PRNewswire (September 30, 2008)
ST. LOUIS, Sept. 30 /PRNewswire/ -- The St. Louis Regional Chamber and Growth Association (RCGA) has endorsed Proposition A, the Schools First Initiative, noting it will generate more than $100 million per year in new revenue for Missouri schools, protect more than 12,000 local jobs and benefit the regional and state economies.
Two Top-Ranking Schools Join Jobs Board Site PRNewswire (September 30, 2008)
SANTA CRUZ, Calif., Sept. 30 /PRNewswire/ -- Building on its reputation as a leading online job board and careers tool site for life-science professionals, Bio Career Center (http://www.biocareercenter.com) has broadened its reach by adding two new schools -- the University of Texas M. D. Anderson Cancer Center and Michigan State University.
Hudson Valley Bank's Westport, CT Branch Now Open PRNewswire (September 30, 2008)
YONKERS, N.Y., Sept. 30 /PRNewswire/ -- James J. Landy, President & CEO of Hudson Valley Bank, has announced the opening of its new full-service branch in Westport, CT.
Candidates seek higher deposit insurance AP (September 30, 2008) WASHINGTON (AP) - Presidential candidates John McCain and Barack Obama urged Congress Tuesday to redouble efforts to save a financial system bailout and both said that a key part of the legislation should be increasing federal deposit insurance from $100,000 to $250,000.
TransNet Corporation Reports Year End Results PRNewswire (September 30, 2008)
BRANCHBURG, N.J., Sept. 30 /PRNewswire-FirstCall/ -- TRANSNET CORPORATION announced its results for the fiscal year ended June 30, 2008.
Agito Networks' RoamAnywhere Mobility Router Honored by CRN Magazine at Interop New York 2008 PRNewswire (September 30, 2008)
SANTA CLARA, Calif., Sept. 30 /PRNewswire/ -- Agito Networks, Inc.(TM), the company delivering new technology in enterprise mobility, today announced that the next-generation version of its RoamAnywhere(TM) Mobility Router(TM) was distinguished as one of nine "Hot On-the-Go Solutions" at Interop New York/Mobile Business Expo (MBX) 2008 by CRN magazine. CRN is the publication providi
Fingerpointing continues on bailout failure AP (September 30, 2008) WASHINGTON (AP) - Members of Congress traded more recriminations Tuesday over the stunning House vote that killed a $700 billion financial system, while insisting there's still time to get an acceptable deal.
New Investment Fund Offers Safety and Growth PRNewswire (September 30, 2008)
SAN DIEGO, Sept. 30 /PRNewswire/ -- BCAJ Investments West, Inc. recently announced the creation of a new investment pool to exclusively seek returns from the purchase of life insurance policies, also known as life settlements. The Omega Life Settlement Fund LLC expects to reach 12-15% returns annually through the purchase of existing life insurance policies from high net worth individuals who
Banks in miser mode send borrowing rates soaring AP (September 30, 2008) NEW YORK (AP) - Bank-to-bank lending rates jumped Tuesday and Treasury bill demand eased only slightly, a day after Congress' rejection of the bank bailout plan cast an even deeper freeze over the barely operational credit markets.
Diebold Files Financial Reports; Raises 2008 Earnings Outlook PRNewswire (September 30, 2008)
NORTH CANTON, Ohio, Sept. 30 /PRNewswire-FirstCall/ -- Diebold, Incorporated announced today that it has filed all of its late reports with the U.S. Securities and Exchange Commission (SEC), meeting the filing schedule previously announced by the company. Diebold today filed its Annual Report on Form 10-K for the year ended December 31, 2007 and its Quarterly Reports on Form 10-Q for the qua
Harris Helpful Hints PRNewswire (September 30, 2008)
CHICAGO, Sept. 30 /PRNewswire/ -- Raising children or tending to aging parents can be challenging for today's caregivers, particularly for those who also work full time jobs. Now a growing number of Americans are facing a new challenge: providing care for their parents while simultaneously raising their children and securing their own future, including saving for retirement. This caught-in-the
Dexia bank gets multi-nation $9.2B bailout AP (September 30, 2008) BRUSSELS, Belgium (AP) - Dexia became the second Belgian bank this week to get a government and shareholder bailout Tuesday when Belgium, France and Luxembourg said they would inject almost $9.2 billion to keep it afloat.
Taubman Asia Announces Samsung Tesco Homeplus as Second Anchor for Korea's Songdo IBD Shopping Center PRNewswire (September 30, 2008)
BLOOMFIELD HILLS, Mich., Sept. 30 /PRNewswire-FirstCall/ -- Taubman Asia, a subsidiary of U.S. mall REIT, Taubman Centers, Inc. , today officially announced that hypermarket giant, Tesco Homeplus, has signed to be the second anchor at the shopping center at Songdo International Business District (Songdo IBD), a 1,500-acre city being constructed in Incheon, Korea. Songdo IBD is being developed
Zimbabweans overwhelm banks seeking cash AP (September 29, 2008) HARARE, Zimbabwe (AP) - Tens of thousands of Zimbabweans lined up at banks Monday, desperate to take out their money after the government raised the limit on daily withdrawals.
China Direct Announces Upcoming Institutional Conference Schedule PRNewswire (September 29, 2008)
DEERFIELD BEACH, Fla., Sept. 29 /PRNewswire-FirstCall/ -- China Direct, Inc. , a U.S. company that owns controlling stakes in a diversified portfolio of Chinese entities and assists Chinese businesses in accessing the U.S. capital markets, today announced that the company will present at the following investor conferences in October and November of 2008:
Fannie, Freddie disclose subpoenas, investigations AP (September 29, 2008) WASHINGTON (AP) - A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said Monday.
TradePMR and Sterne Agee Financial Services Introduce New Hybrid Advisor Platform PRNewswire (September 29, 2008)
BIRMINGHAM, Ala. and GAINESVILLE, Fla., Sept. 29 /PRNewswire/ -- TradePMR and Sterne Agee Financial Services (SAFS) announce a new Hybrid Advisor platform designed to give Registered Investment Advisors (RIA) the freedom to serve commission and fee-based clients with no proprietary pressure either way.
House to vote on $700 billion market bailout AP (September 29, 2008) WASHINGTON (AP) - With the House slated to vote Monday on a deeply unpopular $700 billion rescue plan for beleaguered financial companies, President Bush and congressional leaders were scrambling to corral support.
Fannie Mae Files Form 8-K with Securities and Exchange Commission PRNewswire (September 29, 2008)
WASHINGTON, Sept. 29 /PRNewswire-FirstCall/ -- Fannie Mae today filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) disclosing that the company received notice of ongoing federal government investigations and inquires by the United States Attorney for the Southern District of New York and the SEC.
Al Brothers Named DCS 2008 Debt Buyer of the Year PRNewswire (September 29, 2008)
HAWTHORNE, N.Y., Sept. 29 /PRNewswire/ -- Mr. Alfred Brothers, CEO and President of Cavalry Portfolio Services, LLC was named 2008 Debt Buyer of the Year at the DCS Tribute Awards. The black tie affair was held September 4th, 2008 at the Marriot Hotel in San Diego, California. The Tribute Awards are determined by as many as 2500 industry peers who cast their votes for the nominee they believe exem
Fed makes billions available to battle crisis AP (September 29, 2008) WASHINGTON (AP) - The Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system Monday to unlock tight lending that threatens to unhinge the U.S. economy.
UK government nationalizes Bradford & Bingley AP (September 29, 2008) LONDON (AP) - The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis spread across Europe.
Stock Market Meltdown Triggers New Innovative Real Estate IRA Product PRNewswire (September 29, 2008)
HONOLULU, Sept. 29 /PRNewswire/ -- The Investment RE Network announced today the introduction of their new TURBO IR(TM). The new system is designed to provide maximum safety and leverage for self-directed IRA. Created with over 50 years of combined experience in Real Estate, Estate Planning, and Financial Management the new RE TURBO IR(TM) allows a small fraction of the risk/exposure, provides
Investors run to T-bills, banks get stingier AP (September 29, 2008) NEW YORK (AP) - The credit markets showed no signs of easing Monday as the government's financial bailout plan headed to a House vote - investors again rushed for the safety of Treasury bills, while banks charged more to lend to one another.
Citigroup to buy Wachovia banking operations AP (September 29, 2008) NEW YORK (AP) - In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.
ACS Wins Gold Brandon Hall Learning Award PRNewswire (September 29, 2008)
DALLAS, Sept. 29 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. (ACS) has won the Brandon Hall Gold Award for Excellence in the category of "Best Blended Learning Program."
European banks bailed out as crisis spreads AP (September 29, 2008) LONDON (AP) - European governments had to step in with a flurry of major bank bailouts from Iceland to Germany as fear and turmoil from the U.S. credit crisis spread through the financial system.
The Data Warehousing Institute Launches Northwest Chapter PRNewswire (September 29, 2008)
SEATTLE, Sept. 29 /PRNewswire/ -- The Data Warehousing Institute (TDWI), the premier provider of in-depth, high-quality education and research in the business intelligence and data warehousing industry, announced today that it has launched a new Northwest Chapter to support Washington, Oregon, Idaho, and Montana to meet the needs of business intelligence and data warehousing professionals on a
Mitsubishi UFJ buys 21 pct stake in Morgan Stanley AP (September 29, 2008) NEW YORK (AP) - Japan's Mitsubishi UFJ Financial Group says it is investing $9 billion in Morgan Stanley for a 21 percent stake in the U.S. investment bank.
Nokia Renews its Business Mobility Solutions Offering and Strategy PRNewswire (September 29, 2008)
ESPOO, Finland, September 29 /PRNewswire-FirstCall/ -- With its sights firmly fixed on consumer internet services and with a clear vision of changing industry trends, Nokia is today announcing the renewal of its business mobility strategy. Nokia will focus on bringing best-in-class devices and solutions to market by further strengthening strategic relationships with leading enterprise technol
Bush confident bailout bill will stabilize economy AP (September 29, 2008) WASHINGTON (AP) - Buffeted by unusually aggressive pressure from the White House, House members debated hotly-contested Wall Street bailout legislation Monday as a key architect conceded its unpopularity.
Guardian Adds New Annuity Rider To Benefit Individuals Seeking Guaranteed Long-Term Retirement Payments PRNewswire (September 29, 2008)
NEW YORK, Sept. 29 /PRNewswire/ -- Guardian has added a new guaranteed lifetime withdrawal benefit rider to its variable annuities designed for individuals who want to invest more for retirement and supplement their retirement income. The new rider will be available with variable annuities issued by The Guardian Insurance & Annuity Company (GIAC), a wholly owned subsidiary of The Guardian
Financial bailout bill survives procedural vote AP (September 29, 2008) WASHINGTON (AP) - Hotly contested legislation to bail out the reeling financial industry has survived a key test vote on the House floor.
Investors give $700B rescue plan cool reception AP (September 29, 2008) NEW YORK (AP) - Wall Street gave Washington's $700 billion rescue plan for banks, brokerages, credit unions, thrifts and insurance companies a mediocre grade on Monday.
Palisades FCU Sponsors Child Safety Program PRNewswire (September 29, 2008)
NEW CITY, N.Y., Sept. 29 /PRNewswire-USNewswire/ -- Palisades Federal Credit Union provided nearly 300 local children with free DNA LifePrint Kits, child safety journals and other valuable safety information during the New City Festival held on September 21st on Main Street in New City. The DNA biometric identification home kits will provide law enforcement officials with all the necessary vital
Genesis Pharmaceuticals Announces Conference Call to Discuss Results for its Fiscal Year 2008 PRNewswire (September 29, 2008)
LAIYANG, China, Sept. 29 /Xinhua-PRNewswire-FirstCall/ -- Genesis Pharmaceuticals Enterprises, Inc. ("Genesis" or the "Company"), a U.S. pharmaceutical company with its principal operations in the People's Republic of China, today announced that the Company will host a conference call at 9:00 a.m. Eastern on Wednesday, October 1, 2008 to discuss financial results for its f
Federal Home Loan Bank of Atlanta Declares Third Quarter Dividend, Changes Dividend Schedule PRNewswire (September 29, 2008)
ATLANTA, Sept. 29 /PRNewswire/ -- The board of directors of Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has approved an annualized dividend rate for the third quarter of 2.89 percent. This rate is equal to average three-month LIBOR (London Interbank Offered Rate) for the period July 1, 2008 to Sept. 29, 2008. The dividend is applicable to capital stock held during the period of July 1,
S&P: Wachovia Ratings Put On CreditWatch Negative; Some Ratings Also Lowered PRNewswire (September 29, 2008)
NEW YORK, Sept. 29 /PRNewswire/ -- Wachovia Corp. announced today that it intends to sell its retail bank, corporate and investment bank, and wealth-management businesses to Citigroup Inc. The new Wachovia Corp. will remain a public company with two main operating subsidiaries: Wachovia Securities, the nation's third-largest brokerage firm, and Evergreen Asset Management, a leading provider of ass
First Bancorp Selected for Performance Award PRNewswire (September 29, 2008)
TROY, N.C., Sept. 29 /PRNewswire-FirstCall/ -- First Bancorp , the parent company of First Bank, announced today that First Bancorp was recently recognized by investment banking firm Sandler O'Neill & Partners, L.P., as one of the top performing small-cap banks in the nation. New York-based Sandler O'Neill is one of the best-known and most highly regarded investment firms specializing in t
Vanguard Capital Offers Triple Protection for Customer Accounts PRNewswire (September 29, 2008)
LA JOLLA, Calif., Sept. 29 /PRNewswire/ -- Vanguard Capital offers clients three levels of insurance protection for personal, corporate, and qualified (retirement) accounts.
Philadelphia Insurance Companies Believes in 'Giving Back through Fitness' PRNewswire (September 28, 2008)
BALA CYNWYD, Pa., Sept. 28 /PRNewswire-FirstCall/ -- Philadelphia Insurance Companies , Bala Cynwyd, PA, sponsored the 2008 Parkway Run/Walk benefiting The Cancer Center at The Children's Hospital of Philadelphia, the nation's premier pediatric oncology program. Despite the rain, more than 1,500 runners & walkers (including 50 PHLY employees and their family members) participated in the ev
China Voice Holding Corp. Announces New Audit Firm and Form 10 Registration Statement Progress Report PRNewswire (September 26, 2008)
BOCA RATON, Fla., Sept. 26 /PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) , announced today that it had retained Cheung & Co., CPAs, a Kreston International Member Firm located in Hong Kong, along with their South Florida based U.S. Affiliate, as the Company's new Audit Firm. CHVC believes that because of its anticipated growth and revenue in China, the change will best s
Fortis says it will sell assets, as shares fall AP (September 26, 2008) AMSTERDAM, Netherlands (AP) - Shares in Fortis NV fell 21 percent Friday despite reassurances from the banking and insurance company's executives and financial authorities that it has sufficient resources and plans to raise more money through expanded asset sales.
HSBC to cut 1,100 jobs worldwide AP (September 26, 2008) HONG KONG (AP) - HSBC Holdings PLC, Europe's largest bank by market value, is cutting 1,100 jobs worldwide in the wake of the financial turmoil, a spokesman said Friday.
BB&T Third Quarter 2008 Earnings Conference Call PRNewswire (September 26, 2008)
WINSTON-SALEM, N.C., Sept. 26 /PRNewswire-FirstCall/ -- BB&T Corporation , a regional financial holding company, will report its third quarter 2008 earnings prior to market opening on Thursday, October 16, 2008. John A. Allison, chairman and CEO; Kelly S. King, chief operating officer; and Christopher L. Henson, chief financial officer, will host a conference call to discuss third quarter
Texas CPAs Give Five Tips to Investors Amid Financial Crisis PRNewswire (September 26, 2008)
DALLAS, Sept. 26 /PRNewswire/ -- In the wake of Wall Street's turbulent times, Texas CPAs offer investors the following five tips to protect their financial assets:
Financial Community Rallies for Wounded Veterans Through Operation Healing Freedom PRNewswire (September 26, 2008)
CHICAGO, Sept. 25 /PRNewswire/ -- The McCormick Foundation's Board of Directors has approved more than $1.4 million in grants to nonprofit organizations serving veterans as part of Operation Healing Freedom, an initiative of investment firms and the broader financial community to assist wounded veterans and their families. These first-round grants were based upon the recommendations of an advi
Economist's Model Forecasted Current Economic Slowdown One Year In Advance PRNewswire (September 26, 2008)
TROY, N.Y., Sept. 26 /PRNewswire-USNewswire/ -- An economist at Rensselaer Polytechnic Institute says that a model he developed forecasted the current economic slowdown at least one year before it became apparent to most observers. The model, which was first published in the Journal of Finance in June 1991, has successfully predicted every recession since 1955.
Farmers having little problem getting ag credit AP (September 26, 2008) WICHITA, Kan. (AP) - The economic turmoil on Wall Street has not reached the dusty country roads in the nation's Heartland, where a rural economic boom has meant farmers are not having much trouble getting loans to plant crops, buy land and replace equipment.
Brazil's Sadia posts big loss on currency market AP (September 26, 2008) SAO PAULO, Brazil (AP) - One of Brazil's biggest food companies says it lost a year's worth of earnings on volatility in currency markets.
Hedge funds push plan for change at Dillard's AP (September 26, 2008) LITTLE ROCK, Ark. (AP) - A group of Dillard's Inc. investors is asking the family that controls most shares in the department store chain to give up control of the 70-year-old company.
Fortis names new chief executive AP (September 26, 2008) AMSTERDAM, Netherlands (AP) - Fortis NV says it has named a member of its managing board as chief executive, giving the troubled bank and insurance company its third CEO in as many months.
First South Bancorp, Inc. Declares Quarterly Cash Dividend PRNewswire (September 26, 2008)
Washington, N.C., Sept. 26 /PRNewswire-FirstCall/ -- First South Bancorp, Inc. (the "Company"), the parent holding company of First South Bank (the "Bank"), reports that on September 25, 2008 the Company's Board of Directors declared a quarterly cash dividend for the quarter ended September 30, 2008 of $0.20 per share, payable October 23, 2008 to stockholders of record as
Precision Auto Care Announces FY 2008 Year End Results PRNewswire (September 26, 2008)
LEESBURG, Va., Sept. 26 /PRNewswire-FirstCall/ -- Precision Auto Care, Inc. announced its financial results for the fiscal year ending June 30, 2008. Revenue was $12.7 million and profit was $600,000, or $0.02 per share, compared with a profit of $3.4 million, or $0.12 per share, on revenue of $12.1 million for the prior year. For the quarter ending June 30, 2008, the Company earned a profit
Broadcom to Webcast Its 2008 Analyst Day on Monday, December 8, 2008 PRNewswire (September 26, 2008)
IRVINE, Calif., Sept. 26 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced that it will provide a live webcast for its annual Analyst Day event and invites investors to listen to it beginning at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time), Monday, December 8, 2008. Broadcom's Analyst Day includes a ser
Wall Street trips and states take the fall AP (September 26, 2008) ALBANY, N.Y. (AP) - The crisis in the financial system will almost surely blow gaping holes in the already tattered budgets of New York, Connecticut, New Jersey and other states that rely heavily on tax revenue from investment banks and the big salaries and million-dollar bonuses doled out to Wall Street professionals.
Chubb Expects to Release Earnings on October 23 and Hold Conference Call on the Same Day PRNewswire (September 25, 2008)
WARREN, N.J., Sept. 25 /PRNewswire-FirstCall/ -- -- The Chubb Corporation expects to release third quarter 2008 earnings on Thursday, October 23, 2008 after the close of the market. The press release and financial supplement will be available shortly thereafter on Chubb's website at www.chubb.com.
Deal said to be near on big financial bailout plan AP (September 25, 2008) WASHINGTON (AP) - President Bush is bringing presidential candidates Barack Obama and John McCain into negotiations on a $700 billion rescue of Wall Street as Democrats and Republicans near agreement on a bailout plan with more protections for taxpayers and new help for di
United Security Bancshares Declares Stock Dividend PRNewswire (September 25, 2008)
FRESNO, Calif., Sept. 25 /PRNewswire-FirstCall/ -- Dennis R. Woods, President and Chief Executive Officer of United Security Bancshares http://www.unitedsecuritybank.com/ reported that the Board of Directors of United Security Bancshares has declared a third quarter 2008 stock dividend of one percent (1%). The third quarter 2008 stock dividend replaces the quarterly cash dividend and reflect
CME Group Inc. Announces Date of Third-Quarter 2008 Earnings Release, Conference Call PRNewswire (September 25, 2008)
CHICAGO, Sept. 25 /PRNewswire-FirstCall/ -- CME Group Inc., will announce earnings for the third quarter of 2008 before the financial markets open on Thursday, October 30, 2008. The company has scheduled an investor conference call that day at 7:30 a.m. Central time.
S&P: FAQ Looks at What the Fed's Action Could Mean for AIG PRNewswire (September 25, 2008)
NEW YORK, Sept. 25 /PRNewswire/ -- American International Group Inc. entered into an unprecedented agreement with the Federal Reserve on Sept. 16, 2008. This agreement has offered the company an $85 billion secured loan facility from the Federal Reserve Bank of New York and has given the U.S. government effective majority ownership in the firm and a secured interest in most of its assets.
Wheelhouse Advisors Launches The ERM Current(TM) PRNewswire (September 25, 2008)
ATLANTA, Sept. 25 /PRNewswire/ -- Wheelhouse Advisors LLC, a professional services firm dedicated to providing expertise in the field of Enterprise Risk Management & Control, today announced the official launch of The ERM Current(TM). The ERM Current(TM) is a monthly publication that provides unique perspective and insights on the current trends in Enterprise Risk Management & Control
Winthrop Realty Trust Invites You to Join Its Third Quarter 2008 Earnings Conference Call PRNewswire (September 25, 2008)
BOSTON, Sept. 25 /PRNewswire-FirstCall/ -- Winthrop Realty Trust ("Winthrop") , a real estate investment trust, announced that it will release its third quarter 2008 results on the morning of Thursday, November 6, 2008. You are invited to listen to management's conference call presentation later that day at 2:00 pm Eastern Time. Interested parties may participate in this conference cal
Credit markets still taut; interbank loan rates up AP (September 25, 2008) NEW YORK (AP) - Washington appeared closer to a bank bailout plan agreement, but that provided little solace Thursday to the credit markets, which remained stressed and kept Treasury bill demand high.
OBSNews.com Announces Media Partnership With United States Hispanic Chamber of Commerce (USHCC) PRNewswire (September 25, 2008)
SACRAMENTO, Calif., Sept. 25 /PRNewswire/ -- OBSNews.com -- Thousands of Hispanic business leaders from New York to Hawaii are gathering in California's capitol city to promote national and worldwide business opportunities for Latinos and Latinas in small, medium, and enterprise level businesses.
Tegrit Financial Group Offers Financial, Management Solutions for Public Sector PRNewswire (September 25, 2008)
NEW YORK, Sept. 25 /PRNewswire/ -- Tegrit Financial Group, a private venture capital firm focusing on innovative financial and management solutions for the public sector, launched its Web site today, with an initial spotlight on building state-of-the-art benefit administration systems.
Hillsdale College Free Market Forum Schedule Announced PRNewswire (September 25, 2008)
HILLSDALE, Mich., Sept. 25 /PRNewswire-USNewswire/ -- Hillsdale College announced the final schedule for Hillsdale College Free Market Forum being held in Dearborn, Michigan from September 25-27, 2008. The topic of the Forum is "The Role of Markets and Governments in Pursuing the Common Good" and will be held at The Dearborn Inn located at 20301 Oakwood Boulevard in Dearborn, MI.
OneBeacon Professional Partners Introduces New Hospital Professional Liability Solution PRNewswire (September 25, 2008)
CANTON, Mass., Sept. 25 /PRNewswire-FirstCall/ -- OneBeacon Professional Partners, a member of OneBeacon Insurance Group , today announced a new professional liability solution for hospitals seeking flexible and creative risk management.
Dallas' Charla Aldous Earns 'Trial Lawyer of the Year' Award PRNewswire (September 25, 2008)
DALLAS, Sept. 25 /PRNewswire/ -- Charla G. Aldous, founder of Dallas' Aldous Law Firm, has earned the 2008 "Trial Lawyer of the Year" award from the Texas chapters of the American Board of Trial Advocates. She will receive the award at the TEX-ABOTA annual meeting on Oct. 25, 2008, at Lost Pines Resort in Bastrop, Texas.
Discover 3Q profit falls, but tops estimates AP (September 25, 2008) NEW YORK (AP) - Discover Financial Services' profit fell 11 percent in the third quarter but its lucrative card processing business drove the results above Wall Street's expectations.
Solon, Global Solar to Discuss Value of Partnerships on Solar Power Panel PRNewswire (September 25, 2008)
SAN DIEGO, Sept. 25 /PRNewswire/ -- The German American Business Association (GABA), a non-profit organization that fosters partnerships between German and American businesses, in collaboration with Berlin Partner, the official business development agency of the state of Berlin, will host a panel at Solar Power International 2008 that will explore the value of transatlantic partnerships throug
/C O R R E C T I O N -- CME Group Inc./ PRNewswire (September 25, 2008)
In the news release, CME Group Inc. Announces Date of Third-Quarter 2008 Earnings Release, Conference Call, issued earlier today by CME Group Inc. over PR Newswire, we are advised by the company that the first paragraph should read, "CME Group Inc., will announce earnings for the third quarter of 2008 after the financial markets close on Wednesday, October 29, 2008. The company has schedu