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Portland Announces Agreement to Sell AIC Holding to Manulife BURLINGTON, ONTARIO--(Marketwire - Aug. 12, 2009) - Portland Holdings Inc., a privately held investment company founded by Michael Lee-Chin that owns a collection of diversified businesses operating in sectors that include media, tourism, health care, telecommunications and financial services, today announced that it has agreed to sell the Canadian retail investment fund business of its AIC holding to Manulife Financial, subject to regulatory and securityholder approval. 'Companies around the globe have clearly entered a period of transformation and this is no different for the mutual fund business where consolidation continues.' said Michael Lee-Chin, Chairman of Portland Holdings Inc. 'By combining with Manulife, AIC can fully leverage the extraordinary strength and depth of a world-class financial services organization. I believe this combined entity will become a formidable player within the Canadian wealth management landscape.' Market WireCBRE: Industrial property investor base widening despite highly cost-focused occupiers A desire to diversify away from office or retail investments, coupled with a high-income return offered by the European industrial market is motivating a range of investors including German open-ended funds and US institutional and private equity funds, according to CB Richard Ellis’ Q2 2009 index of prime industrial rents and yields. According to CBRE, prime industrial yields rose by 10 basis points (bps) in Q2 2009 to 7.93%, having risen by an average of 30 bps per quarter over the previo Europe REPaulson Capital Corp. Reports Profit for Second Quarter 2009 PORTLAND, OR--(Marketwire - August 12, 2009) - Paulson Capital Corp. (NASDAQ: PLCC), parent company of Paulson Investment Company, Inc., today reported a net profit for the six months ended June 30, 2009 of $1,041,918 (or $0.18 per share) versus a net loss of $6,958,622 (or ($1.16) per share) for the same period in 2008. Revenues for the six month period 2009 totaled $9,342,770 versus negative revenues of $1,029,691 for June 30, 2008. Market WireTDZ Holdings Inc.-Results for the Six Months Ended June 30, 2009 TORONTO, ONTARIO--(Marketwire - Aug. 12, 2009) - TDZ HOLDINGS INC., today announced its results for six months ended June 30, 2009. Overview The Company was formed on April 28, 1999 upon amalgamation. The Company has a 33% direct equity interest in Nualt Enterprises Inc. ('Nualt'), the parent company for the former Construction Technology Business carried on by Aluma Enterprises Inc. ('Aluma') and its subsidiaries, and the principal holding company for the former Residential Real Estate Business. The Residential Real Estate Business was sold in 2004. The Construction Technology Business was sold July 29, 2005. The Company's investment in Nualt has been pledged to Nualt's principal lenders to secure limited recourse guarantee obligations. Market WireYESTERDAYS'S TOP STORY: Goldcorp buys 12.9 pct interest in Osisko and Canadian Malartic gold project RENO, NV - Vancouver-based Goldcorp now holds a 12.9% interest in Osisko Mining, whose Canadian Malartic project is considered a hot prospect in Quebec's Abitibi gold camp, an area that has historically mined 60 million ounces of gold. Goldcorp announced Mining.comAIC Announces Sub-Advisory Arrangement With Manulife BURLINGTON, ONTARIO--(Marketwire - Aug. 12, 2009) - AIC Limited today announced that it will continue to sub-advise a number of its flagship equity funds, following regulatory and security holder approval of its agreement with Manulife in which Manulife will acquire AIC's Canadian retail investment fund business. Upon completion of the agreement, expected to close by September 25, 2009, Manulife Mutual Funds would manage all AIC Funds in Canada, however AIC Investment Services Inc. will remain as sub-advisor to the following funds: Market WireStocks on the Move for Wednesday, August 12, 2009: MNGA -- MagneGas Expands Fuel Distribution Channel With Pennsylvania-Based York Welding Supply, Its Second Such Agreement in Just the Last 60 Days!Market Wire Conectics Flourishes With Promotions and New Hires PARSIPPANY, NJ--(Marketwire - August 12, 2009) - Conectics, a research and media planning services unit of CommonHealth, today announced four promotions and four new hires. CommonHealth ( Big News NetworkIIROC: Halt, New Global Ventures Intl Ltd. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2009) - The following issue(s) have been halted on the TSXV today: /T/ Company / Compagnie: New Global Ventures Intl Ltd. TSXV Symbol / Symbole: NNG Reason / Motif: Company request pending news Halt Time / Heure de l'Arret: 9:04 ET /T/ Market WirePolitics Today: Rove Under Fire President Obama Attempts to Tamp Down Town Hall Rhetoric While Former Bush Adviser Karl Rove Comes Under New Scrutiny CBS News1 2 3 4 5 |
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