JPMorgan to cut 9,200 Washington Mutual jobs (Reuters)
Reuters - JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc , which on September 25 became the largest U.S. bank to fail.
Holiday shoppers buy carefully, expect more deals (Reuters)
Reuters - The stores are open, the prices are marked down, but U.S. consumers spooked by the economic crisis bought sparingly at the start of the holiday shopping season.
U.S. shoppers seek deals, buy less on Black Friday (Reuters)
Reuters - Shoppers lured by money-saving deals filled U.S. stores on Friday, but the annual kick-off to holiday shopping appeared weaker this year as worries about a deep recession kept purchases down.
JPMorgan retains WaMu branch staff, cuts office jobs (Reuters)
Reuters - JPMorgan Chase & Co , which bought the banking operations of Washington Mutual Inc in September, said on Friday it would retain most of the giant thrift’s branch banking staff, but planned substantial job cuts at its former headquarters and elsewhere.
AireSurf Announces Proposed Private Placement
TORONTO, ONTARIO–(Marketwire - Nov. 27, 2008) - AireSurf Networks Holdings Inc. (CNSX:ANH) announces a proposed private placement of up to 2,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $100,000. Each unit is to be comprised of one share and one common share purchase warrant. Each [...]
Primaris Retail Real Estate Investment Trust-Notice of Intention to Make a Normal Course Issuer Bid
TORONTO, ONTARIO–(Marketwire - Nov. 27, 2008) - Primaris Retail Real Estate Investment Trust (TSX:PMZ.UN) announced today that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to conduct a normal course issuer bid to enable it to purchase up to 3,000,000 of its 62,258,250 trust units (”Units”) outstanding, representing approximately 5.03 % [...]
Economy contracting, slow recovery seen: OECD (Reuters)
Reuters - The economy has probably slipped into a recession that will last through the middle of 2009, and recovery will be slow as consumers cut spending to rebuild lost wealth, the OECD said on Tuesday.
Network Equipment Technologies Reports Recent Repurchases of Convertible Securities
FREMONT, CA–(Marketwire - November 24, 2008) - Telecommunications equipment maker Network
Equipment Technologies, Inc. (NYSE: NWK) today reported that since the end
of its second fiscal quarter the company has repurchased $32.7 million of
its convertible securities. As a result of the purchase prices being below
the face value of the notes, the company will recognize gain of
approximately [...]
Van der Moolen strengthens position in worldwide trading with a participating interest in GSFS
AMSTERDAM, NETHERLANDS–(Marketwire - November 21, 2008) -
* Van der Moolen signs letter of intent to acquire 49.9% stake in GSFS
Asset Management B.V. (”GSFS AM”) and 33.3% in Global Securities
Arbitrage B.V. (”GSA”)
* The purchase price EUR 43.3 million, of which EUR 14.15 million in cash
and EUR 29.15 million in [...]
Minefinders Files Preliminary Base Shelf Prospectus
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Nov. 21, 2008) - Minefinders Corporation Ltd. (TSX:MFL)(NYSE-A:MFN) today reported that the company has filed a preliminary short form universal base shelf prospectus with the Securities Commissions in each of the provinces of Canada, except in the province of Quebec, and a corresponding registration statement on Form F-10 with the United [...]
FASTSIGNS(R) News: Greet the Holidays With Signs and Graphics
CARROLLTON, TX–(Marketwire - November 21, 2008) - It’s the time of year when our noses are
filled with the smell of pumpkin spice, our ears are greeted with the sound
of jingle bells, and our eyes take in the flurry of activity and burst of
color that tells us the holidays are here. Despite the weakened economy,
throughout [...]
BofI Holding, Inc. Increases Stock Buyback Authorization
SAN DIEGO, CA–(Marketwire - November 21, 2008) - Chairman Jerry Englert of BofI Holding, Inc.
(NASDAQ: BOFI) (”BofI”), parent of Bank of Internet USA, today announced
that the board of directors approved an expansion of its common stock
buyback program to purchase up to an additional 500,000 shares of BOFI’s
8.3 million outstanding common shares when and if [...]
Montello Provides Update on Tennessee and Announces Small Financing
CALGARY, ALBERTA–(Marketwire - Nov. 20, 2008) - Montello Resources Ltd. (”Montello”) (TSX VENTURE:MEO) is pleased to announce the commencement of operations for the testing-completion of the John Bowen #2 deep gas zone. The rig arrived on site November 18, 2008. Montello is also currently involved in projects in Alberta.
Montello also wishes to announce a non-brokered [...]
JPMorgan cuts investment banking jobs: sources (Reuters)
Reuters - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday.
Citi, JPMorgan, Capital One bid for Chevy Chase: sources (Reuters)
Reuters - Citigroup Inc , JPMorgan Chase & Co and Capital One Financial Corp are among the final bidders for Chevy Chase Bank, a Bethesda, Maryland, lender, sources familiar with the matter said.
Treasury’s Kashkari Says ABS Market Looks Promising for TARP
The asset-backed securities market appears to be promising for the TARP program, said TARP co-ordinator Neel Kashkari in a speech on Wednesday. Targeting the ABS market will help bring down interest rates on automobile purchases, student loans and credit…(read more)
Lowe’s cuts full-year forecast as profit falls (Reuters)
Reuters - Lowe’s Companies , the second-largest home improvement retailer, posted a lower quarterly profit on Monday and cut its full-year forecast as the deepening economic crisis led homeowners to put off big-ticket purchases.
Can Blu-ray save Christmas for Hollywood? (AP)
AP - Movie studio executives on Friday presented the best-case scenario for a winter holiday surge in the purchase of high-definition Blu-ray players as their best hope to keep the U.S. home video market’s decline from accelerating past 3 percent or 4 percent this year.
High Ridge Resources Inc. Completes Private Placement
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Nov. 13, 2008) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
High Ridge Resources Inc. (”High Ridge”) (TSX VENTURE:HRR)(FRANKFURT:HR2) is pleased to announce completion of the private placement announced on October 28, 2008. The private placement consisted of 1,000,000 units (”Units”) at a price of [...]
No need to sacrifice brand for sales
Marketers’ two big weapons have been judged very differently. Brand marketing — managing consumer perception — has been gauged by studies that measure brand health. Direct marketing — moving consumers to purchase — has been judged by sales response.
Hawthorne Gold Closes $2.36 Million Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Nov. 13, 2008) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Hawthorne Gold Corp. (”Hawthorne” or the “Company”) (TSX VENTURE:HGC) announces it has closed its $2,357,500 brokered private placement (the “Offering”). The Offering consisted of 11,787,500 flow through common shares (the [...]
Man Sang Holdings, Inc. Second Quarter Announcement
NEW YORK, NY–(Marketwire - November 13, 2008) - Man Sang Holdings, Inc. (the “Company”) (NYSE
Alternext U.S.: MHJ) (AMEX: MHJ) announced today the following, with
regards to its 10Q filing which was filed with the SEC this morning:
Business Review
The Group had two primary business segments during the six months ended
September 30, 2008. One business segment is [...]
U.S. Inter-Bank Lending Rates Higher After TARP Revamp
One day after the Treasury Department’s announcement that it will not
purchase troubled assets from firms, opting in favour of equity
injections instead, overnight lending rates in the
United States are higher on Thursday morning.
According to the British Banker’s Association, the overnight
USD LIBOR rose to 0.40% from 0.3825% on Wednesday and
the three-month LIBOR is…
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Paulson Abandons Asset-Purchase Plan, Expands Capital Injection Approach
Treasury Secretary Henry Paulson said the original idea behind
the $700 billion rescue package is no longer an effective use of the
allocated funds. That approach has been abandoned in favour of
the Capital Purchase Plan, which is already directing liquidity into
financial firms, he announced Wednesday.
Read More Now
Macy’s posts loss but tops expectations; shares up (Reuters)
Reuters - Macy’s Inc reported a quarterly loss on Wednesday as shoppers curbed trips to the mall and avoided all but the most crucial of purchases as the economic crisis deepens, but the department store operator beat Wall Street estimates, sending its shares up 3 percent.
