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Financial Management News

  • P486M in projects Saturday, September 4, 2010 @ 11:49AMTHE Regional Development Council (RDC) has endorsed P486 million worth of projects for the third district of Cebu Province, for inclusion in the proposed 2011 national budget. read more
  • U.S. to Help Bail Out Afghan Bank to Avert a Crisis Saturday, September 4, 2010 @ 11:33AMAs thousands of nervous depositors stampeded the central branch of the beleaguered Kabul Bank, the Afghan and United States governments tentatively agreed to bail out the bank.
  • ICAZ winter school starts Saturday, September 4, 2010 @ 11:24AMTHE Institute of Chartered Accountants of Zimbabwe winter school starts in Victoria Falls today to deliberate on how to contribute towards the revitalisation of the country’s economic growth and social stability.
  • Making computing a lifestyle Saturday, September 4, 2010 @ 11:24AMNhava Global’s path-breaking initiatives in Information and Communications Technology have strategically positioned Zimbabwe in the evolving global knowledge economy.
  • Wealth industry looks out of the box Saturday, September 4, 2010 @ 11:19AMWealth managers are turning to a variety of surprising sources - such as online dating and charity – to persuade the world’s richest people to invest with them.
  • Labella finds illegal 3 barangay ordinances Saturday, September 4, 2010 @ 11:12AMThe committee on laws, ordinances, public accountability and good government of the Cebu City Council has declared illegal the ordinances from three barangays seeking to use part of their calamity funds for projects.
  • Wales Officials Question Audit Saturday, September 4, 2010 @ 2:18AMThis is the final section of a two-part series detailing a state audit of the financial policies of the Town of Wales. When New York State Comptroller Thomas P. DiNapoli released his office’s audit of the fiscal practices of the Town of Wales, he criticized town leaders for accumulating more tax revenue than what was needed to maintain services for residents in this rural community of ...
  • What now for Gulf? Fire complicates drill debate Saturday, September 4, 2010 @ 2:18AMWhat now for the Gulf? News of another oil rig fire in the Gulf of Mexico, so soon after the BP oil spill, has set off a wave of anxiety along the Gulf Coast and prompted calls for the government to extend its six-month ban on deepwater drilling.
  • RCMP brass shuffle expected as Elliott stays on as boss Saturday, September 4, 2010 @ 2:18AMPriority is bringing back cohesiveness to senior RCMP ranks, where there are ongoing personal and professional rivalries
  • U.S. Auto Parts Network, Inc. to Present at ThinkEquity's 7th Annual Growth Conference (G7), September 15-16, 2010 Saturday, September 4, 2010 @ 2:13AMCARSON, Calif., Sept. 3 -- U.S. Auto Parts Network, Inc. announced today that Ted Sanders, the Company's Chief Financial Officer, will present at ThinkEquity's 7th Annual Growth Conference (G7), to be held September 15-16, 2010, at the Sofitel Hotel in New York City, NY.
  • Fear not: UCLA is as great as ever Saturday, September 4, 2010 @ 2:13AMThere is one ranking which trumps the combined influence of every Top 25 poll: U.S. News & World Report’s Best Colleges. And this year, UCLA fell one spot: from 24th to 25th, tying in a three-way tie with the University of Virginia and Wake Forest University.
  • More jobs created, but jobless rate rises Saturday, September 4, 2010 @ 2:09AMWASHINGTON -- Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
  • Injazat Data Systems signs Managed Print Service agreement with Dolphin Energy Saturday, September 4, 2010 @ 2:00AMThe solution enables Dolphin Energy Dolphin Energy to preserve print job confidentiality and support its commitment to minimize environmental impact through effective waste management programs that also enable increased savings in printing and copying costs.
  • Emergency Response and Wireless Location Systems Saturday, September 4, 2010 @ 2:00AMCiena Introduces Ultra Low Latency 1GbE and 10GbE Transponders Ciena introduced ultra low latency 1GbE and 10GbE cards for its CN 4200 FlexSelect Advanced Services Platform.
  • HiSoft to Present at Upcoming Investor Conferences Friday, September 3, 2010 @ 9:22AMBEIJING, Sept. 3 /PRNewswire-Asia-FirstCall/ -- HiSoft Technology International Limited, ("HiSoft" or the "Company") (Nasdaq: HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, today announced that Mr. Tiak Koon Loh, HiSoft's Chief Executive Officer, and members of HiSoft's management team will ...
  • 2bm Launches Next-Generation Data Centre Power Monitoring Solution Friday, September 3, 2010 @ 9:22AMNOTTINGHAM, England, Sept. 3 /PRNewswire/ -- 2bm, an innovator in data centre technology, http://www.2bm.co.uk today announces the launch of the 2bm iMeter - a highly advanced data centre power monitoring solution which has been designed to help businesses monitor and reduce power consumption in the data centre. Uniquely, the 2bm iMeter server power monitoring solution ...
  • Winslow Township Board of Education meets in preparation for upcoming year Friday, September 3, 2010 @ 9:21AMWINSLOW TWP. — At the regular meeting of the Winslow Township Board of Education on Sept. 1, the board approved the superintendent’s report that includes field trips scheduled for the 2010-11 school year, fund raisers and school activities, as well as revisions to the district calendar and the holiday schedule.
  • Afghanistan says it will back Kabul Bank Friday, September 3, 2010 @ 9:21AMKABUL, Afghanistan, Sept. 3 (UPI) -- Afghan President Hamid Karzai said the government would guarantee deposits at stumbling Kabul Bank, which was rocked by a sudden government takeover. Afghanistan - Hamid Karzai - Kabul Bank - President of Afghanistan - Asia
  • Research and Markets: Pharmatec Pakistan (private) Limited-Detailed Product Pipeline Friday, September 3, 2010 @ 9:16AMDUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d9793d/pharmatec_pakistan) has announced the addition of the "Pharmatec Pakistan (private) Limited-Detailed Product Pipeline" company profile to their offering. Pharmatec Pakistan (private) Limited-Detailed Product Pipeline report contains detailed information on pipelines by ...
  • Research and Markets: Searle Pakistan LTD.-Detailed Product Pipeline Friday, September 3, 2010 @ 9:15AMDUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/79eb51/searle_pakistan_lt) has announced the addition of the "Searle Pakistan LTD.-Detailed Product Pipeline" company profile to their offering. Searle Pakistan LTD.-Detailed Product Pipeline report contains detailed information on pipelines by phase and therapeutic indication as ...
  • U.S. jobs a mixed picture in August Friday, September 3, 2010 @ 9:15AMThe U.S. lost 54,000 jobs in August, mostly due to the layoff of temporary Census workers, but hiring by private employers was higher than expected, the U.S. Bureau of Labor Statistics reported today. The unemployment rate edged up to 9.6% from...
  • Change is the only constant for Telstra Friday, September 3, 2010 @ 9:14AMThe more things change, the more they stay the same, French novelist and newspaper editor Jean-Baptiste Alphonse Karr once wrote.
  • Northern Trust Named to Black Enterprise List of Top 40 Diverse Companies for Second Consecutive Year Friday, September 3, 2010 @ 9:14AMCHICAGO--(BUSINESS WIRE)--Northern Trust announced today that is has been included in Black Enterprise magazine’s 40 Best Companies for Diversity for a second consecutive year. The companies selected for the list outperformed peer corporations based on an aggregate score compiling four key competencies: employee base, board of directors, senior management and supplier diversity. Full coverage ...
  • Immigration cuts would hit University funds Friday, September 3, 2010 @ 9:14AMThe appalling bipartisan consensus on immigration could combine with subdued markets to produce a cash flow crisis in Australia's universities.
  • First BanCorp Announces Final Results of Preferred Stock Exchange Offer Thursday, August 26, 2010 @ 3:10PMSAN JUAN, Puerto Rico----First BanCorp [NYSE:FBP ], [NYSE:FBPPrA ], [NYSE:FBPPrB ], [NYSE:FBPPrC ], [NYSE:FBPPrD ], [NYSE:FBPPrE ], announced today the final results of its offer to exchange up to 256,401,610 newly issued shares of its common stock, par value $0.10 per share , for any and all of the issued and outstanding shares of Non-Cumulative Perpetual Monthly Income Preferred Stock, Series ...
  • Gold on course to make history Thursday, August 26, 2010 @ 3:08PMAn ill wind blowing through financial markets is breathing vigour into gold, which could mark record highs for the third time this year in September - or sooner - as fundamental and technical factors align.
  • Overland Storage Announces Fourth Quarter and Fiscal Year 2010 Results Thursday, August 26, 2010 @ 3:08PMSAN DIEGO, CA--(Marketwire - August 26, 2010) - Overland Storage, Inc. ( NASDAQ : OVRL ), the trusted global provider of effortless data management and data protection solutions across the data lifecycle, today announced its financial results for the fourth quarter and fiscal year ended June 30, 2010.
  • GDT TEK, INC. Engages Janco Partners' Investment Banking Arm for Capital Raise Thursday, August 26, 2010 @ 3:08PMORLANDO, FL--(Marketwire - August 26, 2010) - GDT TEK, Inc. ( PINKSHEETS : GDTK ) announced today that it has formally engaged Denver-based investment banking firm Janco Partners, Inc. to assist in the capital raise of $100 million debt secured by the PPA's. The proceeds will be used for growth, expansion and the commercial implementation of GDT TEK's green technologies which uses "Waste Heat to ...
  • Lattice Semiconductor to Present at the Deutsche Bank 2010 Technology Conference Thursday, August 26, 2010 @ 3:07PMHILLSBORO, OR--(Marketwire - August 26, 2010) - Lattice Semiconductor Corporation ( NASDAQ : LSCC ) today announced that it is scheduled to present at the Deutsche Bank 2010 Technology Conference on Wednesday, September 15 at the Westin San Francisco Market Street hotel in San Francisco. Christopher M. Fanning, Interim Chief Executive Officer, Corporate Vice President & General Manager Low ...
  • Michaels Stores, Inc. Reports Record Sales and Operating Income for the Second Quarter Thursday, August 26, 2010 @ 3:07PMIRVING, TX--(Marketwire - August 26, 2010) - Michaels Stores, Inc. today reported unaudited financial results for the second quarter of fiscal 2010 ended July 31, 2010. Total sales for the quarter were $831 million, a 3.0% increase from fiscal 2009 second quarter sales of $807 million. Same-store sales for the comparable 13-week period increased 2.3%.
  • Unifi Announces it Will Seek Stockholder Approval for Reverse Stock Split Thursday, August 26, 2010 @ 3:07PMUnifi, Inc. announced today that it will seek stockholder approval at its 2010 annual meeting of an authorization enabling its Board of Directors to affect a one-for-three reverse stock split of its common stock. Â "Given the recent performance of our stock and the outlook for the company's future, we believe the reverse stock split of our common stock will facilitate long-term growth and ...
  • I can solve problems better than Raj Thackeray: Rakhi Sawant Wednesday, August 25, 2010 @ 11:17PMBy Radhika Bhirani, Mumbai, Aug 26 : Rakhi Sawant is big-mouthed, they say.
  • Supervisors discuss financial challenges of 2011 Wednesday, August 25, 2010 @ 11:16PMBudget adoption is months away for Spring Township, but it's not too early for the supervisors to learn where money is spent and whether that needs to change.
  • EUR/USD stalls again above 1.2700 Wednesday, August 25, 2010 @ 11:14PMIn typical fashion, as soon as we get any little movement my systems freeze. Apologies for the slight intermission.
  • Forex: AUD/NZD consolidates in range around 1.2600 Wednesday, August 25, 2010 @ 11:13PMFXstreet.com (Córdoba) - After moving steadily up on Wednesday, AUD/NZD has entered into a consolidation phase this Thursday in Asia. The pair rose around 85 pips yesterday erasing all previous weekly losses and closed the day at 1.2626 posting a 0.69% daily gain.
  • Pirates blasted by former player Wednesday, August 25, 2010 @ 11:13PMAssociated Press PITTSBURGH Jose Bautista doesn’t know if the Pirates didn’t have the money to
  • Dougherty and board at odds over referendum vote Wednesday, August 25, 2010 @ 11:10PMThe Town Board will vote on the length of terms of office Friday at 4 p.m. at Town Hall over Supervisor Jim Dougherty's objections, they indicated at Tuesday's work session.
  • Sarkozy vows shake-up at next G20 meeting Wednesday, August 25, 2010 @ 11:09PMThursday, August 26th, 2010 11:54:00 PARIS: France's President Nicolas Sarkozy (pic) yesterday vowed to push on with major global financial reforms when he takes the helm of the G20 and G8 groups in the coming months. He called for experts to meet in China to discuss "an international reserve asset which is not issued by one single country" — a reference to the eminence of the US dollar in ...
  • National Grid spending audit requested Wednesday, August 25, 2010 @ 11:08PMMassachusetts Attorney General Martha Coakley has called for an audit of spending by National Grid executives after her office uncovered lavish expenses by corporate officers that were passed on to ratepayers in that state. The move is the latest by regulators in Massachusetts and New York to force the British utility to explain why it wants its customers to foot the bill for charges ranging ...
  • Movie capsules: What's playing at Erie's Tinseltown, Millcreek 6 and Movies at Meadville, Aug. 26-Sept. 1 Wednesday, August 25, 2010 @ 11:06PMCHECK IT OUT. The new Movie Listings feature at GoErie.com/showcase has movie times, trailers, more.
  • Business Highlights Wednesday, August 25, 2010 @ 6:06PM---
  • Vanguard Reports Fourth Quarter and Year-End Results Wednesday, August 25, 2010 @ 6:06PMNASHVILLE, TN--(Marketwire - August 25, 2010) - Vanguard Health Systems, Inc. (Vanguard) today announced results for the fourth quarter and fiscal year ended June 30, 2010.
  • Catterton-Backed Mid-Atlantic Convenience Stores Acquires Additional Portfolio of Exxon Sites Wednesday, August 25, 2010 @ 6:03PMTransaction Consistent with Strategy to Achieve Density and Scale in Convenience Store IndustryRICHM...
  • IAG's net profit halves Wednesday, August 25, 2010 @ 6:03PMInsurance Australia Group has announced a halving in its full-year profit.
  • Air NZ normalised earnings meet forecast Wednesday, August 25, 2010 @ 5:59PMAug. 26 (BusinessDesk) - Air New Zealand Ltd., the national carrier, has posted normalised earnings before tax of $137 million for the year to June 30, broadly in line with expectations.
  • Forex: GBP/JPY finding resistance at 131.00 Wednesday, August 25, 2010 @ 5:58PMFXstreet.com (Barcelona) - The British pound was able to come off 3-month lows against the yen today, as the JPY weakened its pressure on crosses due to a slightly lower aversion to risk.
  • Carter: Wine for drinking, water for fighting over Wednesday, August 25, 2010 @ 5:53PMHon David Carter Minister of Agriculture Minister for Biosecurity Speech to New Zealand Winegrowers Romeo Bragato Conference Good morning, thank you for inviting me to speak to you this morning.
  • Audit Notes: WSJ on FASB; More on Auditors; the Demand Side, etc. Wednesday, August 25, 2010 @ 5:50PM—I’d like to know more about the rushed retirement of the chairman of the Financial Accounting Standards Board, which The Wall Street Journal smartly gave some attention to this morning.
  • Vanguard Reports Fourth Quarter and Year-End Results Wednesday, August 25, 2010 @ 5:50PMNASHVILLE, TN--(Marketwire - 08/25/10) - Vanguard Health Systems, Inc. (Vanguard) today announced results for the fourth quarter and fiscal year ended June 30, 2010. Total revenues for the quarter ended June 30, 2010 were $858.4 million, an increase of $31.9 million or 3.9% from the prior year quarter. Patient service revenues increased $17.4 million from the prior year quarter. Health plan ...
  • First Midwest Bancorp, Inc. Welcomes Two New Directors Tuesday, August 24, 2010 @ 2:52PMITASCA, IL--(Marketwire - August 24, 2010) - First Midwest Bancorp, Inc. (the "Company" or "First Midwest") ( NASDAQ : FMBI ), the holding company of First Midwest Bank, announced today the appointment of Phupinder S. Gill, President of CME Group, and Michael J. Small, President and Chief Executive Officer of Aircell Holdings, LLC to its Board of Directors effective immediately.