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Acadian Timber Income Fund: Acadian Timber Income Fund Reports Fourth Quarter and Year-End ResultsMarket Wire The Stockpickers: Value-stock fund manager taps Mirant, CMS Energy, Domtar For Rich Howard, a dyed-in-the-wool value-stock investor, the market downturn would seemingly offer a wealth of opportunity. MarketWatch.comTree Island Receives Notice of Default From Lenders VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2009) - Tree Island Wire Income Fund (the 'Fund') (TSX:TIL.UN) today announced that it has received a written notice of default from its lenders under the GE credit facilities. To date, the lenders have not exercised their default-related rights under the credit facilities.As previously announced, as a result of the global economic crisis which led to an unprecedented decrease in global steel prices during the fourth quarter of 2008, Tree Island's raw material and finished goods inventories are overvalued based on current market prices. In accordance with GAAP requirements and subject to final audit, the Fund anticipates that approximately $18 million of this overvaluation will be written down in the fourth quarter of fiscal 2008. This has resulted in the Fund being out of compliance with its current debt services ratio covenant and triggered the notice of default under the GE credit facilities. MarketwireThe Illusion of Cheap Borrowing Much of the subprime crisis stemmed from low teaser rates that reset higher. Governments currently funding massive borrowing with ultralow short-term rates could be running a similar risk. Wall Street JournalThe Markets Solution Updated to reflect the latest bailout plan from Washington. Treasury Secretary Timothy Geithner announced Tuesday that the government will expand its efforts to rescue the U.S. banking system from its huge, and rapidly growing, overhang of "toxic" assets. The good news appears to be an inclusion of some encouragement to the private sector to invest alongside the government. Unfortunately, early indications are that the scale and true risk of private capital will be very limited, putting private investors in a passive role in those elements where they can make the greatest contribution—valuation and work-out management. If so, it's likely that whatever the new structure is ultimately labeled—a "bad bank" or "aggregator" or "investment fund"—it will fail for the reasons the earlier approaches have failed—lack of transparency, of competition, of clear principles and incentives, and of true private at-risk capital. As su PortfolioWall Street Criticizes `Bad Bank` Private-equity firms, pension funds and other investors needed to jump-start the U.S. plan to buy toxic assets from banks expressed frustration about the lack of detail offered by Geithner. Wall Street JournalNimbus plans pref issue to institutional investors Harish Thawani-controlled Nimbus Communications, the promoter firm of Neo Sports Broadcasting, plans to issue preferential shares to its institutional investors, including Cisco, 3i and Oman Investment Fund (OIF), for raising Rs 250 crore. After the transaction, the stake of institutional investors will increase by 7-8 per cent to 54 per cent, said highly placed sources. Business StandardSensex ends over 152pts down The Sensex slipped by 152.71 points at 9,465.83 on heavy selling by funds in bluechip stocks led by the software, refinery and heavy machinery segments. The Times Of IndiaCoates International, Ltd.: Stockholders Update: Coates International, Ltd. Receives Written Proposal of Incentives Amounting to $787,526,057 U.S. Dollars and a Tax Credit Package of $779,158,557 WALL TOWNSHIP, NJ (MARKET WIRE) Coates International, Ltd. (the 'Company') (OTCBB: COTE) has received a written proposal from one of our states, to set up Coates' mass production and manufacturing operations in that state. These incentives will be spread over 10 years with the creation of new quality jobs, cash incentive of $787,526,057 U.S. Dollars and a tax credit package of $779,158,557. Management is also in direct contact with the Federal Government regarding start-up funding, etc. Management is carefully studying all proposals from all interested states and countries. Market WireOpinion: Buy America in stimulus will be a job-killer for Silicon Valley - San Jose Mercury News: Opinion Provisions in the House stimulus bill (HR 1) require that construction funds be used only for projects using American-made iron and steel. NewsRack1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]