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Business News on December 27, 2011


China wins Afghanistan oil extraction bid
China has won approval for oil exploration and extraction in Afghanistan, gaining potential access to millions of barrels of oil in the war-torn nation. ANI

MHI to License Shipbuilding Technology to L&T Group of India
Mitsubishi Heavy Industries Ltd (MHI) has agreed with L&T Shipbuilding Ltd (LTSB), the shipbuilding arm of India's Larsen & Toubro Ltd (L&T), under which MHI will provide a broad range of technological support to LTSB for construction of commercial vessels. The two companies will sign the technical collaboration agreement tomorrow ACN Newswire

Akamon Entrepreneurship Club of Tokyo University Announces Winners of First BizAsia Japan Business Contest: 'Obachyan no Bentoya'
The Akamon Entrepreneurship Club of Tokyo University announced the winners of the BizAsia Japan 2011 Business Contest. The contest was co-sponsored by the BizAsia Japan Organizing Committee.In its inaugural year students were asked to come up with a socially responsible business or charity to help the people of northern Japan recover from the March 11 earthquake ACN Newswire

Aeolus Pharmaceuticals Announces Fiscal Year 2011 Results
Aeolus Pharmaceuticals, Inc. (OTCQB: AOLS) (PINKSHEETS: AOLS), a biotechnology company leveraging significant government funding to develop a platform of novel compounds in oncology and biodefense, announced today financial results for the three months and twelve months ended September 30, 2011. MarketWire

AHFC Announces Funding for Statewide Rental Unit GOAL Grants
Alaska Housing Finance Corporation (AHFC) yesterday announced its annual Greater Opportunities for Affordable Living (GOAL) grants that will be awarded to five communities statewide for developing and preserving 174 affordable rental units for low-income and senior Alaska families MarketWire

Statement by Brendan Keatley, President, Stamford Professional Fire Fighters Association
"On behalf of the men and women of the Stamford Professional Fire Fighters Association, I would like to extend our heartfelt condolences to the Badger and Johnson families for the terrible losses they suffered. It was a sad day for the City of Stamford. MarketWire

North Springs Resources Negotiating on Premiere Arizona Property
North Springs Resources Corp. (OTCBB: NSRS)(PINKSHEETS: NSRS) (the "Company" or "North Springs") is pleased to announce that it has signed a Letter Of Intent ("LOI") with DNP Mining LLP ("DNP") to acquire an interest in a significant gold property in Arizona. The basic terms of the LOI require North Springs to pay $500,000 for a 20% working interest. MarketWire

Angus Mitchell, Owner of the Angus Mitchell Salon and Co-Owner of Paul Mitchell Systems, Donates His Multi-Million Dollar Property in Kiholo Bay, Hawai'i to the Nature Conservancy
Angus Mitchell, son of the late hairdressing and Awapuhi hair care product icon Paul Mitchell, current Co-Owner & Artistic Director of Paul Mitchell Systems and owner of the Angus Mitchell Salon, Beverly Hills, donated a historic Hawaiian coastal property today, valued at $6.5 million, to The Nature Conservancy. MarketWire

inTEST Corporation Announces Participation in 2012 First Quarter Investor Conferences
inTEST Corporation (NASDAQ: INTT), an independent designer, manufacturer and marketer of temperature management products and semiconductor automatic test equipment (ATE) interface solutions, today announced its participation at three investor conferences in January 2012. At each conference, Robert Matthiessen, President and CEO, and Hugh Regan, Jr MarketWire

Digagogo Ventures Retains NextPhase Strategy to Launch and Market Company
Digagogo Ventures Corp. ("Digagogo" or the "Company") (OTCBB: DOGO) (www.digagogo.com), a provider of information and communications technology for local communities, announced today that it has retained NextPhase Strategy Marketing Inc. to help launch their brand and to market the company in communities all over North America. MarketWire

Five Ways Businesses Can Cut Costs in the New Year
The New Year is a great time for businesses to look at last year's expense reports to see where they can save money on their office supply budgets. Cartridge World, the country's largest printer cartridge retailer, is helping office managers find new ways to save hundreds of dollars throughout the year. MarketWire

Chanukah Gift Vouchers for 10,000 IDF Soldiers
The fifth year of the fellowship gift voucher project is now underway. This year too, the International Fellowship of Christians and Jews (IFCJ) and Friends of the Israel Defense Forces (FIDF), in collaboration with the Association for the Wellbeing of Israel's Soldiers (AWIS), are giving a Chanukah gift to IDF soldiers MarketWire

Rep. Stephen Sandstrom Leads Charge in Utah Against Online Gambling
UT Rep. Stephen Sandstrom, who is a candidate running for U.S. Congress in Utah's new 4th district, announced today he has already drafted a bill that prohibits online gambling in Utah as a response to proposed legislation in the U.S. Congress to legalize online gambling unless states proactively opt out. The bill is even more significant due to yesterday's ruling by the U.S MarketWire

Onesource Water Acquires Next Generation H2O
ONESOURCE WATER, a leading provider of bottleless water cooler systems, is pleased to announce the recent acquisition of Next Generation H2O, a distributor of point-of-use office and home water coolers in Central Florida MarketWire

"Zero Tolerance for Public Drinking" Campaign Reminds Revelers to Party Safely on New Year's Eve
As in years past, thousands of revelers are expected to ring in the New Year throughout San Francisco on December 31, 2011 and into the wee hours of January 1, 2012. As was the case last year, San Francisco City officials are reminding partiers to keep it safe, sane and sober on City streets. MarketWire

Dutch Bros. Coffee Raises $93,000 on Annual Buck For Kids Day
This month, in support of Dutch Bros.' mantra "make a difference one cup at a time," the company's customers helped raise $93,000 to benefit regional nonprofits. The donation is the result of Dutch Bros.' annual Buck For Kids Day, an event during which all 173 locations give a portion of their proceeds to the community. MarketWire

Sun Healthcare Group, Inc. to Present at the 30th Annual J.P. Morgan Healthcare Conference
Sun Healthcare Group, Inc. (NASDAQ: SUNH) today announced that William A. Mathies, the company's chairman and chief executive officer, and L. Bryan Shaul, the company's chief financial officer, will present at the 30th Annual J.P. Morgan Healthcare Conference on Tuesday, Jan. 10, 2012, at 2:00 p.m. Pacific/5:00 p.m. Eastern. The conference is being held at the Westin St MarketWire

Signature Devices, Inc. to Release Four New Apple Apps in 2012 First Quarter
Mart van der Velde, who was recently appointed CEO of Signature Devices, Inc. (PINKSHEETS: SDVI) to lead growth, revenue and product plans, today announced plans for Q1, 2012: MarketWire

Howard Alan Events Presents Nationally Ranked Las Olas Art Fair on January 7 - 8, 2012
This highly anticipated South Florida tradition regarded as one of the top events in America is the first show of 2012 and kicks off the season with new and familiar faces. Festival-goers will have the opportunity to explore the work of favorite artists and discover new and emerging talent among the 300 exhibitors scheduled to participate during this two-day event MarketWire

Proteonomix, Inc. (PROT) Announces Completion of Payment for Its Clinical Trial of UMK-121 in Patients With End Stage Liver Disease
PROTEONOMIX, INC. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that it has completed all payments required from Proteonomix to commence a Clinical Study entitled "UMK-121 in Patients with Liver Disease." MarketWire

Jaclyn, Inc. Announces Amendment and Extension of Credit Facility
Jaclyn, Inc. (OTCQX: JCLY) (PINKSHEETS: JCLY) today announced that it has entered into a Second Amended and Restated Revolving Loan Agreement with TD Bank, N.A., as Agent and a lender, and Israel Discount Bank of New York, as a lender MarketWire

Farmers Group, Inc. Names Peter Teuscher Chief Investment Officer Effective January 2012
Farmers Group, Inc. has appointed Peter Teuscher to fill the post of Senior Vice President & Chief Investment Officer effective January 1, 2012. Teuscher will replace Laszlo Heredy, who has been Farmers Group, Inc. Chief Investment Officer since 2000 and who is retiring at the end of 2011. MarketWire

Promerica Bank Announces Expansion of Its Name and Downtown LA Headquarters
Promérica Bank (OTCQB: PMRA) (PINKSHEETS: PMRA) opened its doors just over five years ago to provide growing businesses with the requisite capital and responsive consultation they deserve. On the occasion of its 5th Anniversary, Promérica renews its commitment to the community and the country and thus is announcing the expansion of its name to ProAmérica Bank. MarketWire

DreamHost Denounces SOPA and Sticks to It
MarketWire

New Year's Resolutions You'll Want to Keep: WIMCO's Experts Recommend Seaside Getaways in St Barts and Turks and Caicos
As January 1st creeps up, millions of resolutions are made for the new year. Here are five exciting pledges that are easy to keep and a pleasure to plan from the experts at WIMCO, the leading, largest and longest established villa rental company serving St Barts. MarketWire

Barona Resort & Casino Toasts to 2012 With New Year's Eve Rapid Fire Power Giveaway
Barona Resort & Casino is ringing in the New Year on Saturday, Dec. 31, 2011 with an exciting celebration throughout the casino including Barona's famous $50,000 Rapid Fire Power Giveaway, dueling pianos and a lineup of special entertainment. MarketWire

Morrison Appointed to Fulton Financial Corporation Board of Directors
Albert Morrison III, chairman and CEO of Burnham Holdings, Inc., has been named to the board of directors of Fulton Financial Corporation (NASDAQ: FULT), effective January 17, 2012. MarketWire

Spectrum Gaming Group Identifies Necessary Steps for Internet Gaming in U.S.
Spectrum Gaming Group, an independent research and professional services firm that pioneered the study of public policy with respect to Internet gaming in the United States, cautions that government agencies and gaming operators seeking to legalize online wagering need to carefully consider certain precautionary measures. MarketWire

NVIDIA CEO Jen-Hsun Huang to Keynote Annual Intersil Engineering Conference
Intersil Corporation (NASDAQ: ISIL) announced today it will hold its annual Intersil Engineering Conference (IEC) January 24-25, 2012 at their Milpitas, California headquarters with NVIDIA President and Chief Executive Officer Jen-Hsun Huang as keynote speaker. MarketWire

220 Marketing's Project to Feed the Hungry This Holiday Season
This year 220 Marketing's Team efforts are aimed at fighting hunger by contributing to the San Diego Food Bank's Holiday Food Drive. Going above and beyond by helping out the local community is something that 220's founder, Trevor Niarchos, has incorporated into the core values of the company since its inception MarketWire

Wind Turbine Safety Increasingly Important as Industry Expands
Wind energy has begun to lead the way in alternative energy solutions. Manufacturers of wind turbines face challenges such as reducing downtimes and maintenance work. Some of the demands placed on turbine components include extreme temperature conditions, vibration, oscillation and aggressive offshore air composition MarketWire

Host a Holly Jolly Party
(Family Features) When it comes to celebrations, there's no season quite like the holiday season. MarketWire

New York State November 2011 Home Sales up Slightly From November 2010
New York State November home sales increased nearly 3 percent from last November, while the median sales price dipped slightly compared to November 2010, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS®. The number of homes sold in November dropped from October 2011 as the market began a typical seasonal slowdown. MarketWire

Pain Relief Provided Through Lake Worth Physical Therapy
Dr. Jack Cacic, a chiropractor in Lake Worth, Florida is using physical therapy in addition to chiropractic adjustments and spinal manipulation as part of a rehabilitation regimen for patients who may be experiencing on-going pain from an auto accident, workplace injury, sports injury or other injuries sustained from some type of fall, strain, or sprain. Dr MarketWire

Torian Plum Resort Greets the New Year With a Fresh Face as Renovations to the Steamboat Ski Area Base Reach Completion
A significant phase in the Steamboat Unbridled redevelopment plan was recently completed at Steamboat Springs Ski Resort. A new Promenade was unveiled last month at the ski base area just outside the Torian Plum condominium resort. MarketWire

AspenBio Announces Registered Direct Offering of Approximately $1.6 Million
AspenBio Pharma, Inc MarketWire

Sapphire Windows From Meller Optics Are Clear as Glass in Large Sizes
Meller Optics, Inc. has introduced custom fabricated sapphire windows and lenses in sizes up to 10" dia. that transmit from the UV to the IR and are impervious to most chemicals, water, and fast moving dirt and sand. They are clear as glass and nearly tough as diamond, making them ideal for use as protective optics in cameras, weapons, and refractometers, and as machine viewports. MarketWire

Beach Business Bank Shareholders Approve Acquisition by First PacTrust Bancorp, Inc.
Beach Business Bank (OTCBB: BBBC) today announced that their shareholders approved the Agreement and Plan of Merger between Beach Business Bank and First PacTrust Bancorp, Inc., the holding company for Pacific Trust Bank. Pursuant to the Agreement and Plan of Merger, Beach Business Bank will be acquired by First PacTrust Bancorp, Inc MarketWire

New 4-Axis Microgage Laser-Based Solution for Alignment of Moving Machinery Announced by Pinpoint Laser Systems
Pinpoint Laser Systems -- http://www.pinlaser.com -- today announced a new, laser-based four axis Microgage System providing useful and accurate measuring information for evaluating and correcting machinery alignment problems. MarketWire

Cumberland Farms Once Again Celebrates the New Year With Free Coffee
For the fifth consecutive year, Cumberland Farms will offer free coffee starting at 5 pm on Saturday, December 31, 2011 until 5 am on Sunday, January 1, 2012. An annual community service tradition, Cumberland Farms encourages customers to stop by any one of Cumberland Farms' 585 locations, except those that offer Dunkin' Donuts, for a free cup of Farmhouse Blend coffee, iced or hot. MarketWire

Action Products Welcomes Two New Board Members
Action Products International, Inc. (PINKSHEETS: APII) today is announcing the addition of Martin Jensen and Greg Miller to the company board of directors. MarketWire

Scott Faris Joins the Board of LightPath Technologies
LightPath Technologies, Inc. (NASDAQ: LPTH) (the "Company," "LightPath" or "we"), a global manufacturer, distributor and integrator of patented optical components and high-level assemblies, is pleased to announce the election of M. Scott Faris to its Board of Directors as a Class II member. Mr MarketWire

Adia Nutrition (ADIA.PK) Can Now Be Found in Whole Foods
Adia Nutrition, Inc. (PINKSHEETS: ADIA) is proud to announce that its "On-the-Go" probiotic powders and chews can now be purchased at Whole Foods throughout Los Angeles and Orange County, California. MarketWire

Luxury Homes for Sale in Virginia a Good Bargain
Reduced pricing on real estate listings in Williamsburg and surrounding areas indicates many sellers are still over leveraged and experiencing some sort of financial hardship. Divorce, death and the necessity to relocate also create a need to sell quickly. In Virginia, there are many opportunities to find luxury homes, waterfront estates, historic homes and estate properties MarketWire

Donor Alliance Hosts Illinois Donor Mother to Represent the Miracle of Organ Donation in 2012 Tournament of Roses Parade(R)
Through his death in September 2010, United States Air Force Academy Cadet First Class Marc Henning gave the ultimate gift -- the gift of life -- to many through the donation of his lungs, kidneys, pancreas, liver, skin and bone. To honor Marc's gift, his mom, Linda Henning, will join 27 other float riders on the ninth annual Donate Life Rose Parade float, One More Day MarketWire

JumpTech Announces Its Top Momentum-Building Milestones for 2011
Jump Technologies, Inc. (JumpTech™) (http://www.jumptech.com), a developer of cloud-based mobile solutions for replenishment, inventory management, and proof-of-delivery, today announced a recap of some of the company's most significant, momentum-building achievements for 2011 MarketWire

Quicksilver Resources and KKR Announce the Closing of a Horn River Midstream Partnership
Quicksilver Resources Inc. (NYSE: KWK), through wholly-owned subsidiaries, and Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") announced today the formation of a new midstream partnership dedicated to the construction and operation of natural gas midstream services to support producer customers in British Columbia and the Northwest Territories of Canada. MarketWire

China's National Mandate Creates Opportunity for STWA's Oil Pipeline Efficiency Technology
On the heels of announcing a Letter of Intent to commercialize its oil pipeline efficiency technology in China, STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, issued today an assessment of the China oil pipeline market and China's influence on the global energy market. MarketWire

KBS REIT II Approves Estimated Value per Share
On December 19, 2011, KBS Real Estate Investment Trust II (KBS REIT II) approved an estimated value per share of its common stock of $10.11, based on the estimated value of its assets less the estimated value of its liabilities, or net asset value, divided by the number of shares outstanding, all as of September 30, 2011 MarketWire

UtilX Reaches 4 Million Foot Milestone on ComEd Reliability Program
Willbros Group, Inc. (NYSE: WG) announced today that UtilX, a unit of its Utility T&D segment, in conjunction with its partner, INTREN, completed four million feet of cable remediation on the Commonwealth Edison (NYSE: EXC) system. UtilX remediates electric cables with injection of silicone-based fluid to enhance insulation and extend the cable life MarketWire

Magnum Hunter Resources Raises Production Guidance
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE Amex: MHR-PrC) (NYSE Amex: MHR-PrD) (the "Company" or "Magnum Hunter") announced today that it has raised the Company's production guidance for 2011 and 2012 due to higher production levels being experienced from new well completions. MarketWire

Environmental Protection Agency Finalizes Mercury and Air Toxics Standards, an Industrial Info News Alert
Written by Brock Ramey, North American Power Research Manager for Industrial Info (Sugar Land, Texas) -- This week, Environmental Protection Agency Administrator Lisa Jackson signed and finalized the agency's boiler Mercury and Air Toxics Standards (MATS), formerly known as the Utility Boiler MACT. Certain changes have been made from the proposed to the amended regulation MarketWire

Update on closing of Telcordia acquisition
* New estimated closing in the beginning of 2012 * Ericsson and Telcordia confident in the progress of the approval processEricsson (NASDAQ: ERIC) informs that the acquisition of Telcordia willlikely notclose before year-end as originally forecasted when the agreement wasannouncedon June 14, 2011 MarketWire

City of Laguna Beach, Artist Open Studios Saturday, January 7, 2012, 11 a.m. to 4 p.m.
On Saturday, January 7, 2012, the Laguna Beach Artist Open Studios will be held from 11 a.m. to 4 p.m. Catch a free shuttle service from the Act V (Corporate Yard) parking lot, located at 1900 Laguna Canyon Road, and take advantage of free parking for this unique artistic adventure. MarketWire

Weekly Travel Deals on VEGAS.com
The travel experts at VEGAS.com, the world's number one city travel website with the top Las Vegas Hotels and Las Vegas Shows, have outlined some of this week's exclusive and limited-time only travel deals. MarketWire

North Bay Resources Inc. (NBRI) Completes Geochemical Survey of Bouleau Creek Gold Property
North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to announce that it has completed a geochemical survey of its 100% owned Bouleau Creek Gold Property in southeastern British Columbia, Canada. MarketWire

Novo Nordisk A/S : Share repurchase programme
On 2 November 2011 Novo Nordiskinitiated a share repurchase programme inaccordance with the provisions of the European Commission's regulation no2273/2003 of 22 December 2003, also referred to as the Safe Harbour rules. MarketWire

Solteq Plc: SHARE REPURCHASE 27.12.2011
Solteq Plc        ANNOUNCEMENT          27.12.2011 GlobeNewswire

Metro International announces changes to senior management
Metro International S.A. ("Metro"), the international newspaper group, today announced that Peter Holmlund, Executive Vice President (EVP) of Online, has decided to leave Metro International. GlobeNewswire

Outotec launches a new partial roasting process to purify contaminated copper and gold concentrates
OUTOTEC OYJ PRESS RELEASE DECEMBER 27, 2011 1:00 PM GlobeNewswire

Frontline Ltd. : Financial Calendar 2012
  GlobeNewswire

SDRL - Seadrill secures contract for semi-tender newbuild
Hamilton, Bermuda, December 27, 2011- Seadrill has been issued a letter of award by Hess Equatorial Guinea, Inc. to enter into an eight welldrilling contract offshore Equatorial Guinea for the semi-tender rig West Esperanza. The anticipated contract duration is a minimum of 18 months, with corresponding potential revenues of approximately $127 million plus mobilization fee GlobeNewswire

Wärtsilä receives EUR 150 million dual-fuel power plant order from Dominican Republic
Wärtsilä Corporation, Trade & Technical Press release, 27 December 2011 at 9.15 am EET GlobeNewswire

Wärtsilä receives EUR 150 million power plant order from Dominican Republic
Wärtsilä Corporation, Company Announcement, 27 December 2011 at 9.15 am EET GlobeNewswire

Heijmans subsidiary Oevermann awarded 2 building contracts in Germany valued at € 30 million
Heijmans subsidiary Oevermann has acquired two building turnkey contracts for the inner-city Le Flair residential building in Düsseldorf and an educational building in Münster. The contract for the combined works is valued at over € 30 million. Construction work is due to start in 2012 and is planned to be completed in 2014. GlobeNewswire

Update on closing of Telcordia acquisition
New estimated closing in the beginning of 2012 Ericsson and Telcordia confident in the progress of the approval process Ericsson (NASDAQ:ERIC) informs that the acquisition of Telcordia will likely not close before year-end as originally forecasted when the agreement was announced on June 14, 2011. GlobeNewswire

BTS Group signs an agreement with Sodexo in Latin America worth over SEK 7 million
Stockholm, Sweden - BTS Group AB (publ), the global leader in accelerating strategic alignment and execution has signed a contract worth over SEK 7 million with Sodexo Motivation Solutions Americas (headquartered in São Paulo, Brazil), a leading global quality-of-life solution provider GlobeNewswire

Leadership Change at Ashampoo From January 1, 2012: Sebastian Schwarz and Jens Klibingat Are the New Management Duo at Ashampoo Gmbh & Co. Kg
Ashampoo GmbH & Co. KG /Leadership Change at Ashampoo From January 1, 2012: Sebastian Schwarz and Jens Klibingat Are the New Management Duo at Ashampoo Gmbh & Co. Kg . Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement. GlobeNewswire

East Capital Explorer AB - Report of repurchase of own shares in East Capital Explorer
East Capital Explorer AB hereby reports that the Company, in accordance with the decision of the Board regarding the utilization of the authorization to repurchase own shares as announced on 12 October 2011, has repurchased an additional 70,664 shares during the period 19 - 23 December 2011 at an average price of SEK 51.94 per share. GlobeNewswire

Regulated information - Ageas reports on the progress of share buy-back programme
Further to the initiation of the share buy-back programme announced on 24 August 2011, Ageas reports the purchase of 5,895,746 Ageas shares on NYSE Euronext Brussels/Amsterdam in the period 19-23 December 2011. GlobeNewswire

Ahold share buyback update
Amsterdam, the Netherlands, December 27, 2011 - Ahold has repurchased 882,495 Ahold common shares in the period from December 19, 2011 up to and including December 23, 2011. The shares were repurchased at an average price of € 9.7998 per share for a total consideration of € 8.65 million GlobeNewswire

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