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Business News on December 29, 2011


Allen Stanford loses bid to delay trial for $7bln Ponzi scam
Texas billionaire and cricket tycoon R. Allen Stanford, accused of running a 7.2 billion dollars Ponzi scheme has lost his bid for a three-month delay in his criminal fraud trial. ANI

Economists pick Romney as best Republican choice to manage economy
President Barack Obama doesn't get support for his economic policies in a new survey of economists, and two thirds said they would pick Mitt Romney as the Republican presidential candidate who would do the best job managing the economy. ANI

Indian tea exports decline
Tea exporters in Siliguri expect a decline in exports due to the falling demand for Indian tea in the world market, which is facing tough competition from Sri Lanka and Kenya. ANI

Mazda Announces Organizational and Personnel Changes
Mazda Motor Corporation has announced the following organizational and personnel changes, effective January 1, 2012.1. Organizational ChangesChanges in the area of ITGoals- To strengthen system support in the emerging market business.- To promote the company-wide business process innovation with increased efficiency ACN Newswire

Holiday Season Sales Indicate Cautious Outlook for 2012
Global sales results over the Christmas holiday season were weaker than they were last year, with emerging markets generally outperforming traditional markets. According to findings from the global network of the Hong Kong Trade Development Council (HKTDC), better sales results were recorded only in the United States and Germany ACN Newswire

Sinopec Kantons Announced the Acquisition of Five Oil Terminal Operators from Sinopec Kantons and Proposed Rights Issue
Sinopec Kantons Holdings Ltd ("Kantons" or the "Company"; together with its subsidiaries (the "Group"); Stock Code: 934) is pleased to announce that it signed an agreement of acquiring the equity interest in the Five Crude Oil Terminal Operators ("Five Joint Ventures") from China Petroleum & Chemical Corporation ("Sinopec Corp ACN Newswire

TCW and DoubleLine Capital Announce Settlement Agreement
The TCW Group and DoubleLine Capital today jointly announce that they have settled all claims between and among themselves as well as DoubleLine Funds Trust, Jeffrey Gundlach, and other individuals. The terms of the settlement are confidential and the parties will not discuss them. MarketWire

Fitch, Moody's, Standard & Poor's Give Alaska Housing Top Ratings
Despite the economic recession that continues to plague the housing industry nationwide, the Alaska Housing Finance Corporation (AHFC) again received AAA ratings -- the highest possible -- for bonds issued or converted under its Mortgage Revenue Bond (MRB) indenture, the most recent of which were its 2011 Series A and B and 2009 Series A-2 bonds on November 22, 2011 MarketWire

Wood Partners Announces Start of Construction on Alta West Davis Apartment Community in Dallas
Wood Partners announced today it has closed on the acquisition of a five-acre property in Southwest Dallas and will begin construction on Alta West Davis, a low-rise apartment community in the historical neighborhood of North Oak Cliff, in early January. MarketWire

Letter to Shareholders: Tongxin CEO William Zielke Updates Shareholders on Company Developments
Tongxin International Ltd. (PINKSHEETS: TXIC) MarketWire

Update: Travel & Adventure Show Explores New Territory for 2012
The nation's largest travel and adventure show returns to Chicago January 28-29 for its eighth consecutive year with new additions and returning favorites MarketWire

Wedding Fashion and Style Tips for 2012: What's "In" and What's "Out" From the Experts at MiWeddingNeeds.com
Your wedding day is the biggest day of your life, and everything has to be done up in proper style. But what's "in" today can be quickly "out" tomorrow, and you don't want to be the bride left holding the bag with yesterday's looks. With 2012 upon us check out these wedding fashion and style tips from the experts at MiWeddingNeeds MarketWire

The New Ireland Fund, Inc. Files Annual Report
The Board of Directors of The New Ireland Fund, Inc. (NYSE: IRL) is pleased to announce that it has filed its Annual Report for the year ended October 31, 2011 with the SEC on Form N-CSR. A full copy of the Annual Report is available on the Fund's Website at: www.newirelandfund.com MarketWire

Australia-Based R&B Singer Senani Reaches to 'Infinity' and Beyond, Ascending With a Mix of Sensual Pop/Soul and Exotic Elements From Her Sri Lankan Roots on Her First Worldwide Single 'Voodoo Girl'
Unabashed about and completely receptive to the deep spirituality that lies at the core of her emergence as a recording artist, Senani (www.senani.com) is, in every possible way, all about soul. MarketWire

Gardner Denver Announces New Independent Auditor
MarketWire

North Springs Resources Reduces Number of Shares Outstanding
North Springs Resources Corporation (OTCBB: NSRS)(PINKSHEETS: NSRS) (the "Company" or "North Springs") announces the cancellation of 80,000,000 common shares of the Company's stock with the intent of improving the overall capital structure of the Company and to increase shareholder value MarketWire

TiVo to Present at Citi 22nd Annual Global Entertainment Media & Telecommunications Conference
TiVo Inc. (NASDAQ: TIVO), a creator and leader in advanced television services and digital video recorders (DVRs), today announced that CEO and President Tom Rogers will present at the Citi 22nd Annual Entertainment, Media, and Telecommunications Conference in San Francisco on January 4th MarketWire

Pacific Biomarkers Announces the Appointment of Amar A. Sethi, MD, PhD as Its New Chief Scientific Officer
Pacific Biomarkers (PBI), a Seattle, WA-based limited liability company that provides premier biomarker and specialty efficacy testing services to the drug development industry, has named the company's current Vice President, Research and Development, Amar A. Sethi, MD, PhD, as the new Chief Scientific Officer effective January 1, 2012. Dr MarketWire

MEDA Announces Legislation on Renewable Energy
Today the Missouri Energy Development Association (MEDA) announced it will propose renewable energy legislation during the next session of the Missouri Legislature in January in response to the recent renewable energy initiative petition filed by Renew Missouri. MEDA is also evaluating filing its own renewable energy ballot initiative. MarketWire

Sunergy Files Form 10K for December 31, 2010 and Gives Guidance on Its Impact for Shareholders
Sunergy, Inc (the "Company") (PINKSHEETS: SNEY) is pleased to report it is filing its Form 10-K for the year ending, December 31, 2010 with the SEC today. The three 10 Q's for 2011 will follow as soon as they are available. Once these filings are complete, the Company will be fully compliant with its SEC reporting requirements and www.otcmarkets MarketWire

J. P. King Auction Offers Wyoming Ranch to Highest Bidder
At a real estate auction scheduled for January 19, Joseph Vaillancourt has decided to sell his 11,000 square foot log home, which sits on 2,562 acres in the slope of the Big Horn Mountains. The property will sell with no minimums and no reserves through J. P. King Auction Company MarketWire

Hampton Animal Clinic Urges Pet Owners to Make Boarding Plans Early
Deer Park Animal Hospital announced that the practice is currently accepting reservations for Newport News pet boarding. The hospital is advising pet owners to plan ahead to secure boarding reservations for their pets before all available space is taken MarketWire

Travel & Adventure Show Explores New Territory for 2012
The nation's largest travel and adventure show returns to Chicago January 28-29 for its eighth consecutive year with new additions and returning favorites MarketWire

Enterprise Rent-A-Car Neighborhood Network Advancing Local Mobility, Sustainability
MarketWire

Ziegler Closes $59 Million Covenant Retirement Communities Financing
Ziegler, a specialty investment bank, is pleased to announce the successful closing of a tax-exempt bank direct purchase for Covenant Retirement Communities (CRC). The direct purchase was completed by JP Morgan Chase and was structured as two series of bonds, $15,830,000 of Series A Bonds and $43,335,000 Series B Bonds, for a total aggregate par amount of $59,165,000 (Series 2011 Bonds). MarketWire

"Quit Smoking" Is Top New Year's Resolution, Addiction Website Details Electronic Cigarettes
Every year around this time, people make their new year's resolution. This year, a growing trend has been "making the switch to electronic cigarettes." The electronic cigarette, or "e-cigarette" was not only a popular Holiday gift this season, but also a "must have" for everyone making resolutions to avoid tobacco products. MarketWire

HEROES WITHOUT LIMITS Launches World Class Entrepreneurship Program for Veterans
HEROES WITHOUT LIMITS, a 501(c)3 non-profit organization that provides U.S. military veterans, disabled veterans and spouses of the fallen with the opportunity to own and operate a franchise business, is raising the bar of support in America for those service men and women returning home MarketWire

January Pleasanton RV Show Creates Buzz With Electric Motorcycles
With the demand for RVs growing and signs that the economy is improving, organizers of Northern California's largest indoor RV show have decided to create a new kind of buzz around their event. GoodTimes Promotions is adding electric motorcycles created by Zero Motorcycles to its winter RV show for the first time. MarketWire

My Big Fat Greek Restaurant in Sierra Vista, AZ Launches Sophisticated Monthly Wine and Food Pairing Evenings
My Big Fat Greek Restaurant at 4177 E Highway 90 in Sierra Vista, AZ has kicked off a great new series of monthly Wednesday night wine and food pairings. The next such evening takes place on Wednesday, January 4th at 6:30 pm and will feature wines from Kief-Joshua Vineyards (www.kj-vineyards.com). The price is $25 per person for four or more courses paired with wine MarketWire

Anadarko Receives $419 Million Additional Payment Associated With 2008 Sale of Peregrino Oil Field
Anadarko Petroleum Corporation (NYSE: APC) today announced it has received approximately $419 million from Statoil Brasil Óleo e Gás Ltda. to satisfy the contingent payment feature associated with the 2008 divestiture of Anadarko's 50-percent working interest in the Peregrino oil field located in the Campos Basin offshore Brazil MarketWire

And the Winner Is... Redbox Announces Its Top Rentals in 2011
The excitement of a new year is upon us, and today Redbox celebrates what America brought home from the kiosk, watched and loved in 2011. The winners made America laugh, cry, cheer and scream as Redbox, America's destination for entertainment, rented its 1.5 billionth movie this year. MarketWire

Edgen Group Inc. Files Registration Statement for Proposed Public Offering of Common Stock
Edgen Group Inc. ("Edgen") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") in connection with the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. MarketWire

Invesco PowerShares Provides Definitive Long-Term Capital Gains Information for 2011
Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today that it has delivered zero long-term capital gains distributions across 113 of 116 equity and fixed-income ETFs for 2011. MarketWire

ITpreneurs Announces Final Round of ITIL 2011 Course Updates
ITpreneurs, the leading provider of competence development solutions for IT best practices, is now offering the final seven courses in its ITIL portfolio, fully updated for ITIL 2011. The basic ITIL framework for these courses remains largely the same, but the ITIL 2011 enhancements ensure clear and concise concepts and resolve inconsistencies in v3 text and diagrams. MarketWire

Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half
Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®. MarketWire

Carlsbad Chiropractor Announces Social Media Outreach
West Coast Chiropractic announced that the practice is expanding its social media outreach, including Facebook and Twitter. The chiropractors use Facebook as a tool to share wellness information with patients, tips for natural pain management and to answer questions that patients may have MarketWire

Chula Vista Veterinarian Offers Pet Dental Services
The team of pet healthcare professionals at South Bay Veterinary Hospital in Chula Vista, CA includes cleaning dogs' teeth and cats' teeth as part of their services because of its impact on overall pet health. Similar to humans, healthy teeth can play a pivotal role in ongoing pet wellness MarketWire

Iowa City Chiropractor Announces Auto Accident Injury Treatment
Peak Performance Chiropractic Center announced that the practice provides treatment for auto accident injury patients. The Iowa City practice uses chiropractic adjustments to relieve chronic neck pain from car accidents and help patients heal following a whiplash injury MarketWire

Walnut Creek Celebrates Newly Remodeled Ice Rink at Winter Ice Gala January 14 Featuring Award-Winning Ice Dancers, Figure Skaters
Award-winning ice dancers and figure skaters will help to celebrate the new Walnut Creek winter Ice Rink at a formal "Winter Ice Gala" January 14 at the Walnut Creek Ice Rink. Mike Chack, US National Men's Bronze Medalist and Olympic Festival Champion skater, will be among the skaters performing at the Gala MarketWire

Southern Crane to Lift Holiday Spirits by Lowering Giant Acorn at 21st Annual First Night Raleigh
For the 21st straight year, Raleigh's Southern Crane will help the City of Oaks celebrate the New Year by lowering the iconic giant acorn at First Night Raleigh. The city's symbol, made of 1,250 pounds of copper and steel, was dented during an April tornado, but Raleigh officials say it will be repaired in time for the annual celebration. MarketWire

Glassdoor Reveals Top 25 Oddball Interview Questions of 2011
Job seekers everywhere are hoping 2012 will be the year they land a new job. But, to secure a job requires acing today's competitive interview process -- meaning job candidates must be prepared for any and all interview questions, from the most basic to the most bizarre MarketWire

"Street Art for Occupy Wall Street" Is Putting Posters on Every Street Across the U.S.
BLANK, a New York artist supporting the Occupy movement, has launched an ambitious project: to occupy each street in the country with a piece of art. MarketWire

IGC Announces Adjournment of Special Meeting of Shareholders
India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India and China, announces that the Special Meeting of Shareholders held on December 28, 2011 has been adjourned to Friday, December 30, 2011 at 12:00 Noon (Eastern Time) to provide shareholders of IGC who have not yet cast their vote additional time to do so. MarketWire

Peregrine Provides Update on HCV Clinical Program
Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM), a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibodies for the treatment of cancer and viral infections, today provided an update from its randomized Phase II bavituximab study in patients infected with genotype-1 chronic hepatitis C virus (HCV) MarketWire

Micro Imaging Technology Repudiates Any EPIC Alliance
Micro Imaging Technology, Inc. (OTCBB: MMTC) (OTCQB: MMTC) announced on July 26, 2011 that it has entered into a significant long-term equity alliance with EPIC Corporation (also traded on the OTC market) MarketWire

W. P. Carey Closes on $450 Million Credit Facility
Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that it has closed on a $450 million unsecured revolving credit facility. Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities, LLC acted as Joint Lead Bookrunners and Joint Lead Arrangers, with Bank of America, N.A. as Administrative Agent and JP Morgan Chase Bank, N.A. as Syndication Agent MarketWire

Introducing The Bar Method Covington
The Bar Method™ headquarters celebrates the new year with the opening of their 55th location in Covington, LA on January 2, 2012. This is the first location in Louisiana for the fitness sensation that draws client visits around the country exceeding 80,000 per month MarketWire

Gabriel Resources Ltd Corporate Update
MarketWire

Strong Global Demand for Refined Products Drives U.S. Refiners' Project Spending Plans, an Industrial Info News Alert
Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Motorists should enjoy it while it lasts: U.S. retail gasoline prices have fallen by an average of 25 cents per gallon during the last two months, despite continued high prices for crude oil and the recent closure of two refineries in Pennsylvania MarketWire

Do-It-Yourself Home Projects Help You Save
(Family Features) This year, everyone is looking to save on their household budget. But just because you're scaling back, doesn't mean you can't make some improvements around the house. MarketWire

Thunderbird Resorts Inc.: Favorable First Steps in Refinancing Peru-Related Debt
Thunderbird Resorts Inc. /Thunderbird Resorts Inc.: Favorable First Steps in Refinancing Peru-Related Debt. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement. GlobeNewswire

ING Completes Divestment of Insurance Latin America
ING announced today that it has completed the divestment of its Latin American pensions, life insurance and investment management operations to Colombia's Grupo de Inversiones Suramericana ("GRUPOSURA") with a net gain on transaction of approximately EUR 1.0 billion. GlobeNewswire

Basware extends cooperation with a global home furnishing retailer
Basware extends cooperation with a global home furnishing retailer GlobeNewswire

Basware streamlines operations
Basware streamlines operations GlobeNewswire

Court orders Vacon to pay compensation in China
Vacon Plc, Stock Exchange Release, 29 December 2011 at 3 pm (EET) GlobeNewswire

CALL TIER 2 XS0210996350
SpareBank 1 SR-Bank exercises option to call Tier 2XS0210996350 at par (100 %). Nominal value is JPY 13 bio (approx NOK 1 bio). Call date is 14 February 2012. The call is approved by the Norwegian FSA (Finanstilsynet). GlobeNewswire

Basware Corporation and Ramboll Group extend cooperation extensively
Basware Corporation and Ramboll Group extend cooperation extensively GlobeNewswire

New Human Resource Director in DNO
GlobeNewswire

FLSmidth awarded two cement projects in Brazil
Company Announcement to the Danish Financial Supervisory Authority No. 35-2011, 29 December 2011 GlobeNewswire

Ahlström Capital Oy and DutchCo Gamma Holding B.V.holding in Vacon Plc
Vacon Plc, Stock Exchange Release, 29 December 2011 at 9.45 am (EET) GlobeNewswire

Vizrt Signs a USD 1 Million Broadcast Graphics Deal with RCS & RDS S.A.
Bergen, Norway, December 29, 2011. Vizrt Ltd. (Oslo Main List: VIZ) GlobeNewswire

Aker Solutions ASA : Subsea production system award to Aker Solutions
29 December 2011 - Aker Solutions has been awarded a job by Statoil for the engineering, procurement and construction of a subsea production system for the Svalin project on the Norwegian continental shelf. The contract value is approximately NOK 400 million. GlobeNewswire

KONE will supply People Flow to Kutuzovsky Business Center in Moscow
KONE Corporation, press release, December 29, 2011 GlobeNewswire

ABOVENET SCHEDULED TO PRESENT AT THE CITI 22ND ANNUAL GLOBAL ENTERTAINMENT, MEDIA AND TELECOMMUNICATIONS CONFERENCE
WHITE PLAINS, N.Y. - December 29, 2011 - AboveNet, Inc. (NYSE: ABVT), a leading provider of high bandwidth connectivity solutions, will present at the Citi 22nd Annual Global Entertainment, Media and Telecommunications Conference in San Francisco on Wednesday, January 04, 2012.Bill LaPerch, President and CEO, will participate in a fireside chat at 7:00PM ET/4:00PM PT GlobeNewswire

NUMBER OF ELISA SHARES INCREASES TROUGH SUBSCRIPTION OF 20007B OPTION RIGHTS
ELISA STOCK EXCHANGE ANNOUNCEMENT 29 DECEMBER 2011 AT 12.20 am GlobeNewswire

Index Levels and Weightings
MW TOPS GLOBAL ALPHA INDEX (the "INDEX") GlobeNewswire

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