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Business News on December 23, 2011


Inflation will be between six to seven percent by March end: Mukherjee
Finance Minister Pranab Mukherjee on Friday said inflation is expected to ease to between six and seven percent by March. ANI

DuPont(tm) Sorona(r) to be launched for Indian textiles industry
DuPont has announced that it will launch DuPont(tm) Sorona(r) renewably sourced fiber in the Indian textile market addressing four principal segments; dynamic fit denim, permanent flex woven, easy stretch woven and ultra-soft knits. ANI

Egyptian Tourism and Egypt Air see recovery in tourism
In order to woo tourists travel to Egypt post the democratic movement and strategic elections in the process, Egypt Air has introduced five flights week to Cairo from Mumbai. ANI

Forum of farmers meets Anand Sharma on FDI in retail sector
President of the Federation of Farmers' Associations met Commerce Minister Anand Sharma here and appeal against withdrawal of new retail policy to let the foreign direct investment (FDI) in the retail sector related to farm produce. ANI

Canada Lithium (TSX:CLQ) (OTCQX:CLQMF) is Subject of StockPotentials Report by eResearch Corp - Video Summary of Report Posted on www.investmentpitch.com
Vancouver, British Columbia, December 23, 2011 - Toronto based eResearch has issued a StockPotentials report on Canada Lithium (TSX:CLQ) (OTCQX:CLQMF). StockPotentials reports cover smaller companies that have little or no following on the Street, that eResearch believes would be primarily of interest to retail investors.InvestmentPitch.com has produced a ""video news alert"" based on this report ACN Newswire

Fission Energy (TSXV:FIS) Could be the Next Takeover Target in Canada's Athabasca Basin - Video Summary Available on www.InvestmentPitch.com
Vancouver, British Columbia, December 22, 2011 - Now that Rio Tinto has succeeded in its $654 million takeover of Canandian uranium miner, Hathor Exploration and its Roughrider uranium project, let's revisit Canada's Athabasca Basin ACN Newswire

Faruqi & Faruqi, LLP Has Filed Class Action Lawsuit Against GLG Life Tech Corporation
Shareholders of GLG Life Tech Corporation ("GLG" or the "Company") (NASDAQ: GLGL) are reminded of the securities class action lawsuit filed against GLG and certain of its officers MarketWire

Vanoil Announces $2 Million Private Placement
Vanoil Energy Ltd. (TSX VENTURE: VEL) ("Vanoil" or the "Company") is pleased to announce a non-brokered private placement of up to 4,651,163 common shares at a price of $0.43 per share for aggregate gross proceeds of up to $2 million, with a 10% overallotment option. MarketWire

North Springs Resources Completes Initial Sampling and Submits for Additional 42 Claims; Secures Initial Financing of $130,000 of $1 Million Draw-Down Line of Credit Note
North Springs Resources Corp. (OTCBB: NSRS)(PINKSHEETS: NSRS) (the "Company" or "North Springs") is pleased to announce that it has completed initial field work and sampling on the North Springs Gold Project, which is located in the prestigious Mineral Ridge Mining District in Esmeralda County, Nevada, USA MarketWire

Santa Knows Which Cities Have the Cleanest Chimneys This Christmas, According to MiNeeds.com
It's Christmas weekend and while many are wrapping gifts or doing last-minute shopping drills, here at MiNeeds.com we were asked by Santa Claus to give him some smack on which cities have the cleanest chimneys. Hey look, we agree with Santa (or as we know him, 'Claus' or just Kris), anything to avoid unnecessary carcinogens, second-hand ash, black dust -- we're behind that MarketWire

Sysomos Introduces German-Language User Interface for Heartbeat
Sysomos, a Marketwire company and leading provider of social media monitoring and analytics, recently introduced a German-language version of its Heartbeat user interface, enabling subscribers to effortlessly toggle between English and German for their real-time social media monitoring and engagement initiatives MarketWire

Z3 Enterprises Files 3rd Quarter 10Q; Regains OTCQB and SEC Current Reporting Status
Z3 Enterprises (PINKSHEETS: BIBB) (OTCQB: BIBB) announced the company has filed its financial report for the 3rd Quarter of 2011, bringing the company current with its SEC filings. Z3 will now begin the process to change its name to HPEV, Inc. and request a stock symbol of "HPEV", consistent with the recent reverse merger completed in the second quarter-2011 MarketWire

New Flight Charters Announces Exclusive 30% Off The White Buffalo Club in Jackson Hole, Wyoming
Private jet charter leader nationwide, New Flight Charters, announces exclusive 30%-off rates at Jackson Hole's newest luxury hotel, The White Buffalo Club. MarketWire

Apache Energy Acquires 36 Well Navarro Project in Milam County, Texas
Apache Energy, LLC today announced the acquisition and subsequent sale of 36 wells in Milam County, TX in which Apache has retained a 10% carried working interest in all the existing wells and any additional wells drilled, acquired, completed or produced in the county by the undisclosed purchaser per the agreement MarketWire

DigitalGlobe Successfully Completes Latest EnhancedView Critical Design Review
DigitalGlobe (NYSE: DGI), a leading global provider of high-resolution earth imagery solutions, today announced it has successfully completed the latest infrastructure enhancement critical design review (CDR) for the National Geospatial-Intelligence Agency (NGA). To date, DigitalGlobe has passed every milestone for the EnhancedView program on schedule. MarketWire

The Neighborhood Development Company Announces Closing of Financing on "The Heights on Georgia Avenue"
The Neighborhood Development Company (NDC) announces the closing of financing for "The Heights on Georgia Avenue." The project is being jointly developed by NDC and Mi Casa, Inc. The Heights will be a 69 unit rental housing building and will be located at 3232 Georgia Avenue, N.W. in Washington, DC at the corner of Georgia Avenue and Lamont Street MarketWire

SEACOR Marine and Windcat Workboats Group Announce Investment
SEACOR Marine LCC announced today that it has invested in Windcat Workboats Holdings Ltd, a European operator of wind farm utility vessels. U.S.-based SEACOR Marine, a subsidiary of SEACOR Holdings Inc MarketWire

Premier Commercial Bancorp Announces Stock Dividend
Premier Commercial Bancorp, Anaheim, California (OTCBB: PCBP) announced that its Board of Directors had authorized a 1.7407% stock dividend to be paid to shareholders of record as of December 31, 2011. The dividend will be paid as soon as practical on or after December 31, 2011. The dividend, which will grant shareholders 1 MarketWire

A Wedding Destination
Since opening more than 25,000 square metres of event space in January 2010, Fairmont Bab Al Bahr has quickly established itself as the premier wedding destination in the UAE capital of Abu Dhabi. Eighteen months and more than 90 weddings later this luxury Abu Dhabi hotel has appealed to a broad spectrum of couples with wedding of various sizes and traditions. MarketWire

Jewish, Christian, and Muslim Senior Religious Leaders Come Together for an Unprecedented Interfaith Mission to Israel Led by Rabbi Ammiel Hirsch of Stephen Wise Free Synagogue
Stephen Wise Free Synagogue convenes 16 senior religious leaders from New York City to promote peace and understanding through a first of its kind mission to Israel. The program is intended to create and broadcast a positive model of interfaith relations based on mutual acceptance and tolerance. Spearheading this initiative is Rabbi Ammiel Hirsch, senior Rabbi at Stephen Wise Free Synagogue. MarketWire

WSGF - World Series of Golf Plans 2012 Las Vegas Event
World Series of Golf (PINKSHEETS: WSGF) (OTCQB: WSGF) today announced plans to host a 2012 high stakes golf event in Las Vegas. World Series of Golf's prior events in Las Vegas have aired on network television and paid out over $1 million in prize money. The unique hit-and-bet format is wildly popular with players allowing amateur players of all skill levels to participate MarketWire

What's the Difference Between OSHA and the EU? Pilz Knows
Companies that want to export machinery to the European Union and manufacture machines need to understand the standards and laws that are applicable in both America and the European Union. Failure to understand the different legal landscapes of the two areas could lead to costly fines and a failure to sell any products MarketWire

IAOP Releases Top Outsourcing Trends to Watch for in 2012
The New Year will bring new business realities, delivery models, destinations and technologies to the outsourcing industry, according to the fifth annual trend predictions released today by the International Association of Outsourcing Professionals® (IAOP®). MarketWire

Ensquared Expects Spike in iPhone and iPad Insurance
Ensquared, the # 1 authority in device insurance, is once again expecting a short-term jump in the number of iPhone and iPad policies insured during this holiday season. The reason for the expected spike in Apple device sales during the period is that it is the "in gift" -- the "go to" brand name for family and friends to show their loved ones they are really important to them. MarketWire

Arriva's Trapeze Mobile Ticketing Solution Wins Top Industry Award
Trapeze Group is proud to announce that Arriva Bus UK, a long-term Trapeze customer, won an Innovation award at the 2011 UK Bus Awards. Arriva was honored "for their pioneering work on mobile phone ticketing." MarketWire

Kandi EV Shines at Haikou International New Energy Electric Vehicle Equipment Exhibition
Kandi Technologies, Corp MarketWire

Wolters Kluwer Completes Sale of Its Pharma-Related Marketing & Publishing Services Business to Springer Science+Business Media
Division to Focus on CoreHealth Markets, Point-of-Care Solutions MarketWire

TicketNetwork Advisory -- Tool Plans New Tour for January
After taking a year off from touring to work on their next album and focus on side projects, rock band Tool is making fans wait only a little longer for them to return to concert venues. The countdown begins as Tool's Winter 2012 Tour begins on January 14 in Reno, NV, and ends on February 8 in Duluth, GA. The month-long run will include a two-night stand in Grand Prairie, TX. MarketWire

MOSAID Technologies Announces Closing of Acquisition by Sterling Partners
MOSAID Technologies Inc. (TSX: MSD) announced today the completion of the statutory arrangement pursuant to which 7577796 Canada Inc., a corporation directly or indirectly owned by investment funds under the management of Sterling Fund Management, LLC, has acquired all the outstanding common shares of MOSAID for a cash payment of $46.00 per share MarketWire

Winn-Dixie Stores, Inc. Investor Lawsuit Against Takeover by BI-LO, LLC Announced by Shareholders Foundation
The Shareholders Foundation, Inc. announces that an investor filed a lawsuit in State Court for current stockholders of Winn-Dixie Stores, Inc. (WINN) in effort to stop the proposed takeover of Winn-Dixie Stores by BI-LO, LLC for $9.50 per share. MarketWire

Feel Golf Announces New "Square Groove" Wedges, Irons
Feel Golf Co., Inc. (OTCQB: FEEL) (PINKSHEETS: FEEL) will be introducing a new line of wedges and irons with real square grooves ("SG"™) for the upcoming 2012 season. The "SG"™ line and other new product lines, such as putter grips, cavity back and blade irons, drivers, and Tour irons will be unveiled also at the 2012 PGA Merchandise Show in Booth 2300. MarketWire

KSW, Inc. Awarded Projects Totaling 21.5 Million Dollars
KSW, Inc. (NASDAQ: KSW) today announced that it has recently been awarded two new contracts totaling approximately 21.5 million dollars. The first project is a new central heating plant at Kingsborough Community College. The second is a new luxury condominium in Manhattan. This new residential project will be the third project from the same developer MarketWire

MMRGlobal Products and Services Coming Soon to Health Care Professionals in China
MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today announced that it has reached a final agreement on an amended Articles of Association for Unis Tonghe MMR International Health Management Service Co., Ltd. (the "Chinese JV") with its Chinese Joint Venture partner, Unis-Tonghe Technology (Zhengzhou) MarketWire

Paycor Presents New Year's Resolutions for Businesses
As the year draws to a close, everyone starts thinking about that most pressing of questions: What should my New Year's resolution be this year? It's no different for owners and managers in the business world. Here are a few resolution ideas from Paycor that can help you have a successful business year in 2012. MarketWire

Solutions to Genetically Predisposed Individuals Suffering From Alcohol and Drug Dependency
A recent piece written in the Los Angeles Times by Shari Roan titled "Alcoholism strongly linked to specific gene mutations" inspires more discussion as well as provides additional evidence which points to a factor that contributes to substance abuse MarketWire

Kathryn Neale Pens "The Blossoming"; New Fiction From Australia's New Queen of Romance
Author Kathryn Neale today announced the release of the highly anticipated The Blossoming (ISBN # 9781742841229), a moving romantic novel about a woman's transformation from life in the fast lane to a believer in true love that will have fans intrigued and demanding a sequel. MarketWire

More Than 26,000 U.S. Jobs to Be Created in First-Quarter 2012 as 244 Industrial Plants Begin Operations, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- Jobs, or a lack thereof, have been on many people's minds for the entirety of 2011. In the post-recession environment, millions remain out of work, and finding a solution to this situation has been problematic for the highest levels of government MarketWire

GLNG - Financial Calendar 2012
Golar LNG Limited plans to release itsfinancial statements on the followingdates in 2012: MarketWire

ReindeerCam -- Santa's Official Reindeer Live Feed -- Comes to the iPad With iSwifter
Santa's Reindeer -- getting ready for their magical flight around the world on Christmas Eve, can now be visited on the iPad through a special holiday arrangement between ReindeerCam and iSwifter. MarketWire

Northland's Kaunisvaara Project on Time and on Budget
Northland Resources S.A. (TSX: NAU)(FRANKFURT: NPK)(OSLO: NAUR) - "Northland" or "the Company") is pleased to provide a year-end update on its magnetite iron ore Kaunisvaara Project in northern Sweden. Pictures of the different areas mentioned below are available on the corporate web site at www.northland.eu, or on request. MarketWire

Swedish Transport Authority Minded to Grant Northland Maximum Dispensation After Further Truck Testing
Northland Resources S.A. (TSX: NAU)(FRANKFURT: NPK)(OSLO: NAUR) - "Northland" or "the Company") is pleased to announce that the Swedish Transport Authority has declared its commitment to grant the maximum dispensation for the truck Northland intends to use to transport its high-quality magnetite concentrate. MarketWire

Shingle Springs Defeats Slot Machine Supplier's Claim for $250 Million
On Dec. 22, 2011, an El Dorado County jury rejected a gaming machine supplier's claim for $250 million in damages against the Shingle Springs Band of Miwok Indians, in connection with the Tribe's cancellation of a machine lease agreement in 1999 for a failed tent casino venture called Crystal Mountain. MarketWire

TenCate enters market for protection against road side bombs
On March 4, 2011 TenCate issued a pressrelease announcing its cooperation withthe Danish company ABDS ApS for the development and market preparation oftheTenCate ABDS™ active blast countermeasure system, a system for theprotectionof army vehicles against improvised explosive devices and roadside bombs MarketWire

CNH Invests in New Manufacturing Plant in China
CNH Global N.V. ("CNH"), a worldwide leader in the agricultural and construction equipment business and part of Fiat Industrial, announced today it will build a new manufacturing plant in Harbin, in the Heilongjiang Province, northeast China, with an initial investment of USD 90 million. MarketWire

Pathfinder Bancorp, Inc. Declares Dividend
Thomas W. Schneider, President/CEO of Pathfinder Bancorp, Inc., the mid-tier holding company of Pathfinder Bank, (NASDAQ: PBHC) (listing: PathBcp) has announced that the Company has declared a cash dividend of $.03 per share on the Company's common stock relating to the fiscal quarter ending December 31, 2011 MarketWire

Brown & Brown, Inc. Announces the Asset Acquisition of Colonial Claims Corporation
Sam R. Boone, Jr., Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and James Douglas "Doug" Branham and Felicia A. Branham, the principals of Colonial Claims Corporation, today announced that a subsidiary of Brown & Brown, Inc. has acquired certain assets of Colonial Claims Corporation, Continental Claims Corp., and Colonial Claims of Kentucky, Inc MarketWire

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation
Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE Amex closing price as of November 30, 2011. MarketWire

Franklin Universal Trust Reports Asset Allocation
Franklin Universal Trust (NYSE: FT), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE closing price as of November 30, 2011. MarketWire

KBC repays EUR 500 million to Belgian Federal Government
Regulated information* - 23 December 2011 (5.45 p.m. CET) GlobeNewswire

Solteq Plc: SHARE REPURCHASE 23.12.2011
Solteq Plc        ANNOUNCEMENT          23.12.2011 SHARE REPURCHASE  23.12.2011 In the Helsinki Stock Exchange   Trade date 23.12.2011   Bourse trade BUY Share STQ1V Amount 1.000 shares Total cost 1 GlobeNewswire

Kitron: New orders from CellaVision of NOK 45 million
(2011-12-23) Kitron ASA's subsidiary Kitron AB in Jönköping, Sweden has received new orders, worth more than NOK 45 million annually from CellaVision. The orders are for the manufacture of advanced medical instruments for routine analysis of blood and other body fluids. Deliveries will take place in 2012 GlobeNewswire

RAPALA SELLS NON-CORE GIFT BUSINESS
Rapala VMC CorporationStock Exchange ReleaseDecember 23, 2011 at 1.00 p.m. GlobeNewswire

GLNG - Financial Calendar 2012
Golar LNG Limited plans to release its financial statements on the following dates in 2012: GlobeNewswire

SeaBird Exploration - 2012 Financial Calendar
23 December, 2011. Cyprus. GlobeNewswire

Northland Resources S.A.: Northland's Kaunisvaara Project on Time and on Budget
 Luxembourg, December 23, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK - "Northland" or "the Company") is pleased to provide a year-end update on its magnetite iron ore Kaunisvaara Project in northern Sweden. Pictures of the different areas mentioned below are available on the corporate web site at www.northland.eu, or on request. GlobeNewswire

Bombardier to Supply 90 New Electric Multiple Units to Deutsche Bahn for Service in the Frankfurt Area
GlobeNewswire

Stofa refinancing - releases about SEK 510m to Ratos
Ratos has decided to refinance the subsidiary Stofa in an amount of DKK 425m (approximately SEK 515m), whereby Ratos will receive a dividend of approximately SEK 510m. The refinancing has been made possible by the company's favourable development and cash flow since the acquisition. GlobeNewswire

Eltek ASA: Eltek awarded contract with Volvo Car Corporation
(Drammen, 23 December 2011) Eltek has signed a contract with Volvo Car Corporation on deliveries of on-board chargers for a hybrid electrical vehicle program. GlobeNewswire

Copper order in Mongolia awarded to FLSmidth
Company Announcement to the Danish Financial Supervisory Authority No. 34-2011, 23 December 2011 GlobeNewswire

Stonesoft Firewall/VPN Receives VPN Consortium's IPv6 IPsec Certification
Stonesoft Firewall/VPN solution passes rigorous testing to meet IETF's IPsec VPN standards GlobeNewswire

Ratos: Bisnode signs agreement to sell WLW
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules. GlobeNewswire

Northland Resources S.A.: Swedish Transport Authority minded to grant Northland maximum dispensation after further truck testing
 Luxembourg, December 23, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK - "Northland" or "the Company") is pleased to announce that the Swedish Transport Authority has declared its commitment to grant the maximum dispensation for the truck Northland intends to useto transport its high-quality magnetite concentrate. GlobeNewswire

Sale of Siri field completed
Stavanger, 23 December 2011: Norwegian Energy Company (Noreco) has completed the sale of its interests in the Siri field to DONG Energy. The agreement to sell Siri was announced in July this year. The price is USD 13 million with effective date 1 July 2011. GlobeNewswire

ING successfully completes liability management offers
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED IN THE REPUBLIC OF ITALY OR LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT GlobeNewswire

Ahlstrom completes Porous Power Technologies transaction
Ahlstrom Corporation STOCK EXCHANGE RELEASE, December 23, 2011 at 9.00 GlobeNewswire

Wavin NV: Wavin grants Mexichem due diligence access
Zwolle, 23 December 2011 - Wavin N.V. hereby announces that, while no agreement has been reached on the financial terms of a potential offer by Mexichem, good progress has been made on the non-financial terms and Wavin will grant Mexichem access to due diligence information. GlobeNewswire

Interim CFO starts at Cryptzone Group
Gothenburg, 22nd December 2012 GlobeNewswire

Cermaq ASA : Cermaq ASA appoints Jon Hindar as new CEO
 (Oslo 2011.12.23) The Board of Directors of Cermaq ASA has appointed Jon Hindar (55 years) as CEO of Cermaq ASA. GlobeNewswire

TiGenix obtains EUR 2.9 million FP7 grant to fund development of Cx611 in rheumatoid arthritis
GlobeNewswire

Schweiter Technologies to strengthen SSM Textile Machinery
Schweiter Technologies /Schweiter Technologies to strengthen SSM Textile Machinery. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement. GlobeNewswire

Fairstar Heavy Transport N.V. awarded rig transportation contract by Hercules Offshore
Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Hercules Offshore to transport the jack-up drilling rig Hercules 185 from Pascagoula, Mississippi to West Africa in the First Quarter of 2012 on board Fairstar's open stern, semi-submersible vessel FJELL. The contract value is USD 2.6 million GlobeNewswire

MW TOPS GLOBAL ALPHA USD SHARES : Result of EGM
GlobeNewswire

MW TOPS GLOBAL ALPHA GBP SHARES : Result of EGM
GlobeNewswire

MW TOPS GLOBAL ALPHA EURO SHARES : Result of EGM
GlobeNewswire

MANDATORY NOTIFICATION OF TRADE
GlobeNewswire

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