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Business News on November 19, 2010


Govt. admits irregularities in rice exports
Government on Friday accepting that there were irregularities in non-basmati rice exports to some African countries during the tenure of the first United Progressive Alliance (UPA) Government, said it had referred the matter to the Central Vigilance Commission (CVC) after slapping show cause notices on officials of Public Sector Undertakings (PSUs) involved in the transactions. ANI

Economist Robert Mundell: Add Renminbi to IMF Reserve; Nobel Laureate to Speak at January Asian Financial Forum
Nobel Prize-winning economist Robert Mundell says China's currency has strengthened to the stage where it is "almost de facto convertible" and should be included in the international reserve basket held by the International Monetary Fund (IMF) ACN Newswire

Mitsubishi Motors Corporation Signs Cooperation Agreement to Promote Electric Vehicles with the Singapore Government
Mitsubishi Motors Corporation (MMC) and its distributor in Singapore Cycle & Carriage Automotive PTE Limited (CCA) today announced the signing of a Cooperation Agreement to collaborate on activities to popularize electric vehicles (EV) with the Singapore government ACN Newswire

Strong Petrochemical Taps Upstream Oil Production by Acquiring 24% Effective Interest in Aral of Kazakhstan
Strong Petrochemical Holdings Limited ("Strong Petrochemical" or the "Company"; Stock Code: 0852 ACN Newswire

POWER-GEN Asia and Renewable Energy World Asia Offer Successful Conclusion to Singapore International Energy Week
POWER-GEN Asia and co-located Renewable Energy World Asia, the regions premier conference and exhibition for the power generation, renewable energy and transmission and distribution industries, was commended by the industry for its quality delegationand enjoyed a successful conclusion to the three day event with a record breaking number of conference delegates ACN Newswire

Credit Card Debt Relief and Consolidation Programs Offer Debt Resolution
Credit card debt relief and consolidation continue to be one bright spot in an otherwise flat economy. These programs and services are proving to be helpful for many Americans who find themselves struggling with debt such as that from credit card debt and medical bills. We offer resources to get started at the end of this story. MarketWire

Friday Afternoon Watch List: General Motors Corp., Ford Motor Co., Toyota Motor Corp., Tata Motors Ltd., Citigroup Inc., dPollution International Inc.
GreenGainers.com, a premier source for micro cap research, provides wide-ranging due diligence and insight on stocks all over the market. GreenGainers Investment Stock Reports primary focus is to alert our valued subscribers to small cap and micro cap companies poised for explosive movement in the market MarketWire

Safe Bulkers, Inc. Announces Acquisition of One Newbuild Kamsarmax-Class Drybulk Vessel
Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into a shipbuilding contract for the construction of a Chinese-built, drybulk Kamsarmax-class vessel of approximately 82,000 deadweight tons at a contracted price of $34 million, with an expected delivery date in the fourth quarter of 2011. MarketWire

SCVNGR and Patriot Place Put Location-Based Fun Into Holiday Shopping
As the holiday shopping season swings into full gear, one of the nation's premier family shopping destinations -- Patriot Place -- is becoming the first retail center to build on fast-growing location-based game SCVNGR by launching challenges and rewards for visitors today. The two companies will also be holding a holiday kick-off event on Saturday, November 27th MarketWire

Stolt-Nielsen Limited Board Declares Interim Dividend
LONDON, November 19, 2010 - Stolt-Nielsen Limited (OsloBørs: SNI) today announced that the Company's Board of Directors approved the payment of an interim dividend of $0.50 per Common Share on December 16, 2010 to shareholders of record as of December 2, 2010 GlobeNewswire

Rights issue approved by the Extraordinary General Meeting
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN GlobeNewswire

Northland Signs Off-take Agreement with Standard Bank
  GlobeNewswire

Castellum invests for SEKm 343
Castellum has trough the wholly owned subsidiary Fastighets AB Briggen started a new construction of 7,400 sq.m. office area in the Ideon-area in Lund. The investment, which is the final stage before completion of the property Edison Park, is calculated to SEKm 150 and to be completed during the first quarter 2012. GlobeNewswire

Management change: Thorsten Reitmeyer is the new CEO - CEO Michael Mandel becomes member of the Divisional Board of Commerzbank - Martin Zielke takes over as Supervisory Board Chairman
comdirect bank AG /Management change: Thorsten Reitmeyer is the new CEO - CEO Michael Mandel becomes member of the Divisional Board of Commerzbank - Martin Zielke takes over as Supervisory Board Chairman Processed and transmitted by Thomson Reuters.The issuer is solely responsible for the content of this announcement. GlobeNewswire

Incap Corporation's financial reporting year 2011
Incap Corporation           Stock Exchange Announcement   GlobeNewswire

Sanna Keskinen appointed Editor-in-Chief fro Alma Media's local papers Raahen Seutu and Raahelainen
Alma Media Corporation Press release November19, 2010 at 9:00am GlobeNewswire

EDB ErgoGroup sets proposed terms for the rights issue
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN GlobeNewswire

Stolt-Nielsen Gas Ltd. to Enter Joint Venture with Sungas Holdings Ltd., Adding Three VLGCs to Fleet
LONDON, November 19, 2010 - Stolt-Nielsen Limited ("SNL") (Oslo Børs: SNI) announced today that its subsidiary Stolt-Nielsen Gas Ltd. ("SNGL") has reached an agreement with Sungas Holdings Ltd. ("Sungas") whereby Sungas will become a 50% shareholder in Avance Gas Holdings Ltd. ("Avance Gas") currently wholly owned by SNGL GlobeNewswire

Confirmation of Share Capital Increase
Reference is made to the stock exchange announcement dated 18 November 2010 regarding the completed Private Placement of shares in DNO. GlobeNewswire

Heineken President Western-Europe, Didier Debrosse, highlights progress being made on company`s `Brewing a Better Future` 2020 sustainability goals
Focuses on CO2 and Water reduction at annual European Food and Drink Industry conference  GlobeNewswire

Vizrt Acquires LiberoVision AG
Oslo, Norway, November 19, 2010 Vizrt Ltd. (Oslo Main List: VIZ) GlobeNewswire

Purchase of shares by the Trustees of the Employee Benefit Trust
NOVAE GROUP PLC ("the Company") GlobeNewswire

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