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Settlement Financing News

  • Emergent BioSolutions Ends Efforts to Acquire Protein Sciences Tuesday, January 6, 2009 @ 6:40PMEmergent BioSolutions Inc. (NYSE:EBS) announced today that it has ended all activities related to its planned acquisition of Protein Sciences Corporation (PSC). Daniel J. Abdun-Nabi, president and chief operating ...
  • Emergent BioSolutions Ends Efforts to Acquire Protein Sciences Tuesday, January 6, 2009 @ 6:30PM ROCKVILLE, Md.----Emergent BioSolutions Inc. announced today that it has ended all activities related to its planned acquisition of Protein Sciences Corporation .
  • Premier Exhibitions, Inc. Reports Third Quarter Results Tuesday, January 6, 2009 @ 5:20PM ATLANTA, Jan. 6, 2009 -- Premier Exhibitions, Inc. , a major developer of touring museum quality exhibitions, today announced its financial results for the third quarter and nine months ended November 30, 2008.
  • (AFX UK Focus) 2009-01-06 21:29 CORRECTED-New Issue-CenterPoint Energy sells $500 mln debt Tuesday, January 6, 2009 @ 3:32PM(Corrects amount to $500 million from $300 million in first paragraph and table.)
  • Global Payments Reports Second Quarter Earnings Tuesday, January 6, 2009 @ 3:01PM Global Payments Inc. today announced results for its fiscal second quarter ended November 30, 2008. For the second quarter, revenues grew 30 percent to US$401.1 million compared to US$308.8 million in the prior year.
  • Global Payments Reports Second Quarter Earnings Tuesday, January 6, 2009 @ 3:01PM Global Payments Inc. today announced results for its fiscal second quarter ended November 30, 2008. For the second quarter, revenues grew 30 percent to $401.1 million compared to $308.8 million in the prior year.
  • Initial Pact Reached to End North Korean Nuclear Weapons Program Tuesday, January 6, 2009 @ 1:46PMOn Feb. 13, participants in six-party talks announced that they had agreed on initial steps for ending North Korea’s nuclear weapons program. The agreement marked the first concrete sign of progress since the talks stalled almost 18 months ago. Still, many contentious issues remain unresolved.
  • (AFX UK Focus) 2009-01-06 19:09 New Issue-Brown-Forman sells $250 mln in 5-yr notes Tuesday, January 6, 2009 @ 1:33PMJan 6 (Reuters) - Alcoholic beverage company Brown-Forman Corp on Tuesday sold $250 million in five-year notes, according to International Financing Review, a Thomson Reuters publication.
  • Gaylord Entertainment Co. Reports Hospitality Segment Operating Results for November 2008 Monday, January 5, 2009 @ 4:48PMGaylord Entertainment Co. (NYSE: GET) today reported its operating results for November 2008 and preliminary revenue results for December 2008. During this two month reporting period the Company’s hotels experienced a modest decline in business volumes related to its group business and holiday transient programs.
  • Surfside mayor expects town to have ‘great year’ Monday, January 5, 2009 @ 4:02PMSURFSIDE — The Surfside Beach mayor said the island’s beaches will be ready for the start of the summer tourist season in March.
  • State Capitol Briefs, Jan. 5, 2009 Monday, January 5, 2009 @ 3:16PM Mid-day edition: Ethics panel backs off bid to force DiMasi disclosure
  • Bond Dealers, Funds Face Penalty for Failed Trades as of May 1 Monday, January 5, 2009 @ 2:13PMJan. 5 (Bloomberg) -- Bond dealers and hedge funds that fail to complete trades in Treasury securities will face a penalty of as much as 3 percent on the proceeds of transactions as of May 1, according to an industry group.
  • To This Day, Subway Mural Project Can Still Inspire Monday, January 5, 2009 @ 2:12PMA community art project has left a lasting impression on the 86th Street station on the Upper West Side, as well as on the students who created them.
  • Report: Doran settles dispute over Dinkydome development Monday, January 5, 2009 @ 9:20AMDoran Development has settled a legal dispute that sought to halt the company’s plans to build a mixed-use project at the site of the Dinkydome, according to a Star Tribune report.
  • Real Estate Monday, January 5, 2009 @ 5:30AMMany public companies, including REITs, are facing unprecedented liquidity and capital resource constraints. The continuing market turmoil has resulted in substantially increased market volatility, which in turn has nearly shut down traditional methods of raising capital.
  • Gulf takes wrong currency path Monday, January 5, 2009 @ 3:49AMSpeaking Freely is an Asia Times Online feature that allows guest writers to have their say. Please click here if you are interested in contributing.
  • International Forecaster January 2009 (#1) - Gold, Silver, Economy + More Saturday, January 3, 2009 @ 8:32PMThe following are some snippets from the most recent issue of the International Forecaster. For the full 22 page issue, please see subscription information below.
  • KeyArena redo faces uphill battle for funds Friday, January 2, 2009 @ 2:22AMA report providing a gauge on the City of Seattle’s chances of receiving state-authorized funding for a KeyArena upgrade was planned for completion by the end of December.
  • ‘As night from day’ Thursday, January 1, 2009 @ 4:39PMPoznan, a grey industrial city in the west of Poland, was the appropriately bleak venue for United Nations talks last month that marked the halfway point in a two-year effort to forge a new global response to climate change.
  • Mizin signs mortgage deal with RakBank Thursday, January 1, 2009 @ 4:56AMMizin, the real-estate development arm of United Arab Emirates-based Tatweer, has formed a mortgage deal with RakBank to provide Mizins Remraam community with a structured mortgage offering.
  • Wilson Mills Road sewer work back on track? Thursday, January 1, 2009 @ 1:31AMWith an EPA permit deadline approaching, the Chardon Water and Sewer Committee recommends that City Council go with the next-highest bidder to finish a sewer line project stalled since spring.
  • LOOK AHEAD: The Coast Wednesday, December 31, 2008 @ 7:49PMGrowth and rebirth are terms officials use to describe what’s in store for Brazoria County’s coastal areas this year — from Surfside Beach’s strides to build a stronger community after the onslaught of Hurricane Ike to Freeport’s push to complete the long-awaited and embattled marina project.
  • Deadline Extension Requested for Burger Plant Decision Wednesday, December 31, 2008 @ 11:39AM FirstEnergy Corp. announced today that it has requested additional time to make a decision regarding the future of two coal-fired units at its R.E. Burger Plant in Shadyside, Ohio.
  • 2008 stories of the year Wednesday, December 31, 2008 @ 5:16AMFrom a historic election to some economic hard times hitting home, from the Gators winning the SEC title to the passing of some local legends, 2008 brought its share of ups and downs.
  • Economy shows improvement in first quarter: SBP Monday, December 29, 2008 @ 10:00PMKARACHI, Dec 29: The State Bank of Pakistan said on Monday that the economy had improved during the first quarter of the current fiscal year and some macro-economic indicators had shown strength after a steep fall in 2007-08.
  • Germany Probes Hypo Real Estate Monday, December 29, 2008 @ 4:15PM
  • Prospect Medical Holdings Reports Fiscal 2008 Fourth Quarter and Year-End Financial Results Monday, December 29, 2008 @ 3:10PM LOS ANGELES----Prospect Medical Holdings, Inc. , which owns and operates four community-based hospitals and manages the medical care of approximately 194,000 HMO enrollees in southern California, today announced financial results for its fiscal 2008 fourth quarter and year ended September 30, 2008.
  • The Deal Professor’s Year-End Review Monday, December 29, 2008 @ 11:02AMIt was a terrible year. The entire global financial system almost collapsed, the takeover market shrank by a third as the credit markets dried up, the stock market had one of its worst years in history, and a series of legendary financial institutions disappeared.
  • Lawsuit Funding Tutorial for the Holiday Season Sunday, December 28, 2008 @ 1:53AMLawsuitFunding.com offers tips for those needing a lawsuit advance this holiday season by providing basic education to plaintiffs this holiday season. This effort may help hundreds of families while giving the attorney the time to obtain the highest possible recovery for the client. [PR.com - December 26, 2008]
  • Landfill: Senators must address solid waste problem, government finances Saturday, December 27, 2008 @ 11:09AMThe senators of the 30th Guam Legislature will face a myriad of challenges, but this community needs our lawmakers to be true leaders and public servants who will rise to the occasion.
  • Archive Friday, December 26, 2008 @ 1:15PMRestoration of Incentives: Consequent upon the Central Government changing the mechanism of fiscal incentives to SMEs from “value of output” to a new “value added basis”, the incentives virtually stand withdrawn for the SME sector in the State.
  • TIF developers seek financial assistance Thursday, December 25, 2008 @ 5:04AM Trustees could decide early next year whether to go with one of three developers that want to build in the Lehigh-Ferris Tax Increment Financing District.
  • Pownal track site facing foreclosure Wednesday, December 24, 2008 @ 2:42PMBy Keith Whitcomb Jr. POWNAL, Vt. -- A foreclosure complaint has been filed against the owners of the former Green Mountain Race Track property, Progress Partners, Ltd.
  • The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online Wednesday, December 24, 2008 @ 10:11AMThis story, in slightly different form, originally appeared in the New York Law Journal. NEW YORK CITY-A broker--who allegedly helped disgraced attorney Marc Dreier market millions of dollars in bogus promissory notes to hedge funds--was arrested Monday night.
  • Iron homes to replace burned shacks Wednesday, December 24, 2008 @ 9:08AMCorrugated iron homes are to replace the almost 800 shacks destroyed in the Foreman Road informal settlement, but it has taken more than a month and comes after wrangling over construction materials.
  • Oil extends losses as U.S. recession deepens Wednesday, December 24, 2008 @ 2:15AMOil extends losses as U.S. recession deepens
  • Erdenheim Farm tract is preserved Tuesday, December 23, 2008 @ 10:34PMThe Angus Tract, a 98-acre portion of the sprawling Erdenheim Farm, is now permanently protected from development by a conservation easement jointly held by Montgomery County, Whitemarsh Township and the Colonial School District.
  • Ex-Broker Who Helped Dreier in Hedge Fund Scams Is Arrested Tuesday, December 23, 2008 @ 8:17PMBroker Kosta Kovachev, who allegedly helped disgraced attorney Marc Dreier market millions of dollars in bogus promissory notes to hedge funds, was arrested Monday night. There may be more charges to come as the criminal complaint unsealed Tuesday says Kovachev joined the conspiracy with Dreier and "others known and unknown." On Tuesday, Dreier was suspended from the practice of law, effective ...
  • Biovail, H&R REIT, RioCan REIT: Canadian Equity Market Preview Tuesday, December 23, 2008 @ 7:02PMDec. 23 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses and prices are from the previous close.
  • Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act Tuesday, December 23, 2008 @ 2:01PM Constellation Copper Corporation today announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act .
  • MONEY & BANKING Tuesday, December 23, 2008 @ 12:49PMTECHNICAL ANALYSIS: 50-DMA to lend support for rupee Rupee has been undergoing an intensely volatile phase over the last few sessions. It raced beyond 47 on Friday as low inflation and hopes of another stimulus package buoyed sentiment in the equity and forex markets. But renewed fears of ...
  • Allegheny Energy Subsidiary Completes Competitive Bid Auction for Virginia Power Supply Tuesday, December 23, 2008 @ 12:31PM GREENSBURG, Pa.----Allegheny Energy, Inc. announced today that its Potomac Edison subsidiary has successfully completed a competitive-bid auction for power needed to supply its Virginia customers.
  • Banking and Financial Tuesday, December 23, 2008 @ 11:32AMUntil the current crises in the financial markets, negotiated acquisitions of public companies had been documented by a form of merger agreement which had evolved into an almost standard "seller friendly" template.
  • City Council examines bond framework Tuesday, December 23, 2008 @ 11:11AMThe Half Moon Bay City Council was poised to consider whether to approve the legal groundwork for issuing as much as $23 million in bonds in an effort to repay its debt from Beachwood settlement agreement.
  • UCBH Holdings, Inc. and China Minsheng Banking Corp., Ltd. Complete Second Phase of Strategic Investment Tuesday, December 23, 2008 @ 10:15AM SAN FRANCISCO----UCBH Holdings, Inc. , the holding company of United Commercial Bank , today announced that it has completed the issuance of approximately 6.2 million new shares of its common stock to China Minsheng Banking Corp., Ltd. at a price of $4.85, representing the 90-day average UCBH closing price as of August 30, 2008, which is the second phase baseline date, plus a 5% premium.
  • Meltdown has its roots in White House Monday, December 22, 2008 @ 6:05AMNew York Times News Service “We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.”
  • ATS Medical Announces $20 Million in Proceeds From a Private Equity Financing and Announces Resolution of Litigation Monday, December 22, 2008 @ 5:30AM ATS Medical, Inc. , a manufacturer and marketer of state-of-the-art cardiac surgery products and services, today announced that it has closed a $20 million equity financing with Essex Woodlands Health Ventures.
  • Final paycheck likely for displaced PVI workers Sunday, December 21, 2008 @ 11:13PMA final paycheck appears likely for several hundred displaced employees of Protected Vehicles Inc., who have been waiting for their wages since the company shut down and filed for bankruptcy earlier this year.
  • NZX Announcements: ANZ Sunday, December 21, 2008 @ 2:14PMANZ 22/12/2008 SSHO REL: 0845 HRS Australia and New Zealand Banking Group Limited SSHO: ANZ: Ceasing to be a substantial holder of EBB 19 December 2008 Company Announcements Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 Company Secretary Everest Babcock & Brown Limited Fax: (02) 8001 9200 Notice of ceasing to be a substantial holder - Everest Babcock & Brown Limited We ...
  • White House Philosophy Stoked Mortgage Bonfire Sunday, December 21, 2008 @ 6:05AMPresident Bush, who vowed to spread the dream of homeownership, is leaving office amid a downturn rooted in the housing sector he so ardently championed.