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Banks ponder their stance on IOUs
If you believe your financial institution will stand behind California-issued IOUs, don't bank on it - yet.
Biz Journal Thursday, July 02, 2009

Nonprofits brace for budget emergency aftershocks, IOUs
Social service providers - especially those who work with the aged or disabled - are bracing for severe aftershocks from the state's declaration of a fiscal emergency and the likelihood that about $3 billion in short-term promissory notes will be handed out.
Biz Journal Thursday, July 02, 2009

Pacific Office CEO to leave company
Pacific Office Properties president and CEO Dallas Lucas is leaving the company at the end of August.
Biz Journal Thursday, July 02, 2009

GMAC becomes a corporation, allowing share sales
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.
IB Times Thursday, July 02, 2009

Banks tapped for large China railway IPO-source
The Chinese government has hired three banks to handle the public listing of a railway holding company, a source familiar with the matter said on Thursday, in an IPO that could be worth around $5 billion.
IB Times Thursday, July 02, 2009

Validus reiterates offer for IPC after rival bid
Validus Holdings Ltd. reiterated its unsolicited offer for reinsurer IPC Re on Thursday, one day after Flagstone Reinsurance Limited made a higher competing bid.
IB Times Thursday, July 02, 2009

Int'l Assets to buy FCStone for $130 mln in stock
Securities firm International Assets Holding Corp agreed to buy commodity risk management firm FCStone Group Inc in an all-stock deal valued at about $130 million, as it looks to expand presence in the commodities market.
IB Times Thursday, July 02, 2009

Iraqi Oil Ministry to Move Up Second License Bid Round
Emboldened by its first licensing round, Iraq's Oil Ministry has moved up a second auction that was to be held at the end of this year for 11 oil and natural-gas fields.
rigzone.com Thursday, July 02, 2009

Strong demand for Rio rights; Chinalco bids in full
Rio Tinto said the British leg of its $15.2 billion rights issue had been successfully completed, putting the world's top iron ore miner back in growth mode after slashing its debt.
IB Times Thursday, July 02, 2009

OPEC Oil Price Eases to $69.26
The basket price of OPEC eased to $69.26 Wednesday, the group said Thursday.
rigzone.com Thursday, July 02, 2009

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