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Asset Management News

Thai bourse holds SET in the City event in the southFriday, March 12, 2010 @ 5:05AMThe Stock Exchange of Thailand (SET) joined hands with the public and private sectors in Songkhla province to hold “SET in the City @ Hat Yai,” an event to promote saving and investment under the conc

Xinergy Ltd. signs agreement to acquire Raven Crest Mining, LLCFriday, March 12, 2010 @ 5:00AMXinergy Ltd. , a Central Appalachian coal producer, today announced the signing of a purchase agreement with JMP Coal Holdings, LLC to acquire all their outstanding membership interests in Raven Crest Mining, LLC , a West Virginia coal producer, for USD $40 million.

Bank of Florida Corp. Records Deferred Tax Asset Valuation Allowance and Revises Fourth Quarter and Year-End 2009 ...Friday, March 12, 2010 @ 5:00AMNAPLES, Fla.----Bank of Florida Corporation announced that it has recorded a $38.8 million valuation allowance on its deferred tax assets for the quarter ended December 31, 2009. Consequently, the carrying value of the Company’s deferred tax asset has decreased by approximately the same amount.

Koito Says Executives Leave, President Takes Pay Cut (Update2)Friday, March 12, 2010 @ 4:49AMMarch 12 (Bloomberg) -- Koito Industries Ltd. , the Japanese plane-seat maker that falsified test results, said three executives will leave and its president will take a pay cut as work begins on checking seats in about 1,000 commercial aircraft.

Dukes to replace O'Connor as Anglo Irish Bank chairFriday, March 12, 2010 @ 4:45AMDonal O'Connor will resign as chairman of Anglo Irish Bank as he has completed the first steps needed to stabilise the nationalised lender, the bank said on Friday.

Preserving, Transporting, and Storing FoodFriday, March 12, 2010 @ 4:43AMFood hygiene is too important to neglect. If food isn't preserved and stored properly it can not only loose its nutritional value, but it can acquire unwelcome visitors - molds, microorganisms, insects, and so on.

Petrofac Targets Iraq Oil After Asfari Raises Value (Update1)Friday, March 12, 2010 @ 4:35AMMarch 12 (Bloomberg) -- Ayman Asfari , the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.

Executive Office of HHS Signs New 114,451 SF Lease in QuincyFriday, March 12, 2010 @ 4:30AMThe Commonwealth of Massachusetts, through the Division of Capital Asset Management and Maintenance ...

GMAC’s Chief Said to Get $9 Million in Stock, No Cash (Update1)Thursday, March 11, 2010 @ 5:56PMMarch 11 (Bloomberg) -- Michael Carpenter , GMAC Inc.’s chief executive officer, will get a 2010 pay package of about $9 million entirely in stock, and some or all won’t vest until later years, according to a person with direct knowledge of the matter.