August 7th, 2008
Shares in Sprint Nextel dropped 11 per cent yesterday after the third largest US mobile operator unveiled a $3bn convertible offering and warned that subscriber losses would increase in the current quarter. The company, which surprised analysts with Read More
Georgia Gulf reported net sales of $849.8 million for the second quarter of 2008 compared to net sales of $851.9 million for the second quarter of 2007. The reduction in sales is primarily due to difficult market conditions in the U.S, partially Read More
The Rating Outlook is Stable. Approximately $1.6 billion of outstanding debt is covered by the ratings. The upgrade is driven by significant margin expansion, sales growth, and improved cash generation over the past two years, as well as some recent Read More
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August 6th, 2008
JAVA’s March-quarter loss of $0.04 vs. $0.02 EPS is worse than our $0.14 EPS estimate. Sales fell 1% from the December-quarter, worse than our view, due to seasonal weakness and soft results in government, consumer, and telecommunications markets Read More
Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the board today and will leave the company completely as of September 30. Allco’s shares are trading at around 51 cents today, following a Read More
Funds manager Allco Finance Group Ltd has announced that executive director and deputy managing director Michael Stefanovski will step down. Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the Read More
Allco Finance Group Limited (AFG) announced executive director and deputy managing director Michael Stefanovski had resigned and would leave Allco effective 30 September 2008. Mr Stefanovski has recently played an integral role in the company’s Read More
MATTOON, Ill. — After Darren Robertson got laid off from his factory job, he and Julie Fitzpatrick, his girlfriend, ran up nearly $10,000 in credit card balances on food, gas, medical and heating bills. That’s when Fitzpatrick discovered a company Read More
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August 5th, 2008
HEALTHSOUTH Corp. announced that it has entered into an underwriting agreement with J.P. Morgan Securities Inc. in connection with the issuance and sale by the Company to J.P. Morgan Securities Inc. of 8.8 million shares of common stock of the Read More
Aug. 1 (Bloomberg) — Groupe Adeo SA , the French owner of the Leroy Merlin home-improvement store chain, agreed to buy Kingfisher Plc ’s Castorama Italy unit for 560 million euros ($872 million) in cash to bulk up in the country. Kingfisher rose as Read More
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August 4th, 2008
PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More
Allco Finance Group Limited (AFG) announced executive director and deputy managing director Michael Stefanovski had resigned and would leave Allco effective 30 September 2008. Mr Stefanovski has recently played an integral role in the company’s Read More
MATTOON, Ill. — After Darren Robertson got laid off from his factory job, he and Julie Fitzpatrick, his girlfriend, ran up nearly $10,000 in credit card balances on food, gas, medical and heating bills. That’s when Fitzpatrick discovered a company Read More
Funds manager Allco Finance Group Ltd has announced that executive director and deputy managing director Michael Stefanovski will step down. Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the Read More
JAVA’s March-quarter loss of $0.04 vs. $0.02 EPS is worse than our $0.14 EPS estimate. Sales fell 1% from the December-quarter, worse than our view, due to seasonal weakness and soft results in government, consumer, and telecommunications markets Read More
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August 4th, 2008
JAVA’s March-quarter loss of $0.04 vs. $0.02 EPS is worse than our $0.14 EPS estimate. Sales fell 1% from the December-quarter, worse than our view, due to seasonal weakness and soft results in government, consumer, and telecommunications markets Read More
PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More
WHERE WOULD Marin General Hospital be without Sutter Health? I believe that MGH would not be the high-quality, financially sound hospital it is today if it was not part of the Sutter Health, a not-for-profit network. In 1996, when MGH became a Sutter Read More
Mr Stefanovski, who had been chartered with steering Allco through a complex restructure, resigned from the board today and will leave the company completely as of September 30. Allco’s shares are trading at around 51 cents today, following a Read More
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August 3rd, 2008
PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More
DEPTFORD TWP. Ð People In Transition, headquartered on the campus of Gloucester County College, is offering workshops during September and October for displaced homemakers and the community. To register and to learn the location of workshops, please Read More
Aug. 1 (Bloomberg) — Groupe Adeo SA , the French owner of the Leroy Merlin home-improvement store chain, agreed to buy Kingfisher Plc ’s Castorama Italy unit for 560 million euros ($872 million) in cash to bulk up in the country. Kingfisher rose as Read More
Akron has been chosen — and challenged — as the first of four cities in the nation to become a ‘’Savings Community'’ in a special initiative by the U.S. Conference of Mayors and America Saves, a nonprofit group that encourages consumer savings Read More
HEALTHSOUTH Corp. announced that it has entered into an underwriting agreement with J.P. Morgan Securities Inc. in connection with the issuance and sale by the Company to J.P. Morgan Securities Inc. of 8.8 million shares of common stock of the Read More
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August 3rd, 2008
PROPERTY funds manager MacarthurCook is holding a gun to the heads of its shareholders. It has been forced to admit that it could be in financial difficulties if they do not ratify the defensive poison pill share placement to IOOF Holdings, which the Read More
Aug. 1 (Bloomberg) — Groupe Adeo SA , the French owner of the Leroy Merlin home-improvement store chain, agreed to buy Kingfisher Plc ’s Castorama Italy unit for 560 million euros ($872 million) in cash to bulk up in the country. Kingfisher rose as Read More
THE combination of rising interest rates and the global credit crunch has pushed the economy to the brink of recession. Consumers have reined in their spending and borrowing, while businesses are finding it hard to get the finance they need to Read More
LOS ANGELES (AP) - Media conglomerate Tribune Co. has appointed Steve Charlier as senior vice president of news and operations for the company’s broadcasting group. Tribune Broadcasting operates 23 television stations, WGN America on national cable Read More
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July 30th, 2008
Benetton considers Telecom Italia futureTeleGeography, DC - 1 hour agoTelecom Italia CEO Franco Bernabe has proposed a fairly conservative strategy while the telco works to reduce debt, but some shareholders worry that it …
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Teck Cominco's outlook cut to negative on ElkHemscott, UK - 6 hours agoTeck Cominco will incur $9.8 billion of debt to fund the transaction, necessitating that it reduce debt by almost $6 billion through 2010 to preserve the …
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July 29th, 2008
Moody’s Investors Service raised its debt rating of fertilizer chemicals company Mosaic Co. Monday, citing the company’s efforts to reduce debt and the strength of Mosaic’s cash flow because of high prices in the fertilizer market. Moody’s boosted Read More
The Cabinet yesterday approved the fresh cow milk price hike to Bt18 per kg, following pressure from over 1,000 milk cow farmers who blocked Phitsanulok Road early morning of Tuesday. Boxed milk prices could rise Bt1-Bt2 per unit. The increase would Read More
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July 26th, 2008
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