Home » Business News » 2012 » August » August 17

Business News on August 17, 2012

KC Chakrabarty receives two year extension as Deputy Governor of RBI
Chakrabarty will serve as Deputy Governor till June 30, 2014 Andhra News

Medtronic Strength Could Continue Through Earnings Next Week
Shares of Medtronic (NYSE:MDT) are expected to be strong today and through the company's fiscal 1Q 2013 earnings report next week, with a big upgrade from Argus Research from Sell to Buy this morning. Argus raised its price target to $48, significantly above the Street average of $43, and others could follow suit as this beleaguered stock may be back on track to becoming a growth story again ACN Newswire

FXall Introduces Hedging Solution For Liquidity Providers
ACN Newswire

Minerals Technologies Develops New, Faster Laser Measuring System for Hot Refractory Linings in the Worldwide Steel Industry
NEW YORK, August 17-Minerals Technologies Inc. (NYSE: MTX) announced today that it has introduced a new, fourth generation Lacam® laser measurement system for use in the worldwide steel industry that is 17 times faster than the previous version. This new technology provides the fastest and most accurate laser scanning for hot surfaces available today ACN Newswire

INC Research Announces CEO Succession Plan, Promotes Jamie Macdonald to CEO
ACN Newswire

Silvercorp Responds to New York Court Decision by Filing Appeal
Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM)(NYSE: SVM) reports that Supreme Court Justice Carol Edmead of the New York County Supreme Court yesterday granted motions to dismiss the defamation case Silvercorp filed last fall against short sellers and others responsible for publications falsely attacking Silvercorp. MarketWire

TrustGo Security Labs: Powerful New Virus Remotely Controls Mobile Payments
TrustGo Mobile Inc. (TrustGo), a leading mobile security company, today announced that TrustGo Security Labs has discovered a new and extraordinarily aggressive virus in China's largest Android marketplace, GFan. Named Trojan!SMSZombie MarketWire

Poly Shield Technologies Inc. Announces Ticker Symbol Change to "SHPR"
Poly Shield Technologies Inc., formerly "GlobeTrac Inc." (GBTR) (the "Company"), announces that effective August 20, 2012, the Company's ticker symbol will change to "SHPR". MarketWire

Kilopass Plans to Appeal the Summary Judgment Ruling in Its Patent Infringement Case Against Sidense
Kilopass Technology Inc., a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), today announced that it plans to appeal the summary judgment ruling recently issued in its patent infringement suit against Sidense. Kilopass' decision to appeal rests in its conviction that Sidense's products are infringing on Kilopass' patents MarketWire

Aurora's Additive Manufacturing Wing Showcased in NAMII Announcement
Aurora Flight Sciences' 3D wing, designed by Aurora and built with additive manufacturing technology developed by Stratasys Inc., was showcased at yesterday's announcement of the new National Additive Manufacturing Innovation Institute (NAMII) by senior officials of the Obama administration. MarketWire

Barona Band of Mission Indians Commemorates 80th Anniversary of the Beginning of the Barona Mission
The Barona Band of Mission Indians recently celebrated the 80th anniversary of the beginning of the historic Catholic Mission, a small stucco church on the reservation that was designed by renowned San Diego architect Irving J. Gill in the 1930s. MarketWire

Simon E. Powley Named Retail Banking Group Executive for Washington Federal
Washington Federal, Inc. (NASDAQ: WAFD), parent company of Washington Federal, today announced that Simon E. Powley has been named Senior Vice President and Retail Banking Group Manager. Powley will serve as the Company's senior retail banking executive with overall responsibility for customer-facing consumer and small business banking activities in Washington Federal's eight state territory. MarketWire

UPDATE: Fortinet Announces Participation in Q3 2012 Investment Conferences
Fortinet® (NASDAQ: FTNT) -- a world leader in high-performance network security -- today announced its expected participation at the following upcoming investment conferences: MarketWire

Brothers of the Sun, Big Time Rush Are Top End-of-Summer Concerts on
Summer 2012 is entering its final leg, and so are a number of the season's hottest concert tours. At least nine artists will conclude their performance schedules in the days and weeks before summer ends on September 21. MarketWire

Fortinet Announces Participation in Q3 2012 Investment Conferences
Fortinet® (NASDAQ: FTNT) -- a world leader in high-performance network security -- today announced its expected participation at the following upcoming investment conferences: MarketWire

Orion DHC, Inc. Venture Capital Breaks "No Sell" Stand-Off -- Shares Now Open for Trading
Orion Diversified Holding Co., Inc. (PINKSHEETS: OODHA) announced the company shares are now open for active trading, only moments ago MarketWire

Rotate Black Gets Approval to Proceed From MS Gaming Commission
Rotate Black, Inc. (PINKSHEETS: ROBK) On August 16, 2012, Rotate Black MS, LLC an affiliate of Rotate Black, Inc. received unanimous Approval to Proceed from the Mississippi Gaming Commission for its four-star Casino/Resort in Gulfport, MS. The Project will feature over 100,000 sq. ft. of gaming and entertainment space as well as a 205 room hotel MarketWire

Seventh Generation's Statement on Johnson & Johnson's Recent Announcement
This week, in response to pressure from the Campaign for Safe Cosmetics, Johnson & Johnson announced its intention to reformulate its products using non-toxic ingredients. We loudly applaud the tremendous work done by the Campaign to encourage this change. MarketWire

Noble Financial Investor Conference Features Leaders in Medical Innovation
On the 24th and 25th of next month, Noble Financial Capital Markets (Noble) will host BIOX, a life sciences investor exposition to be held at the University of Connecticut in Stamford, CT. In addition to the top executives from 30 life sciences companies, leading scientists and opinion leaders in immunotherapy, targeted oncology and regenerative medicine will be participating MarketWire

Massive Local Jackpot for Chests of Plenty and Alice's Wonderland Slot Games on
Real money games site has two local jackpots, that combined total over three hundred and sixteen thousand euro. Both Jackpots are exclusive to Boylegames players and can be won for as little as twenty pence/cent. MarketWire

Algae Biomass Organization Launches "Summer of Algae II" -- a National Algae Awareness and Access Campaign
On Monday, August 20, the first of a series of events featuring algae will kick off as part of a national campaign to raise awareness about the promise of the algae industry to create jobs, domestic fuels, and other food and feed products MarketWire

Judicial Watch, Statement Regarding Maryland's High Court's Decision Granting Maryland Voters Right to Vote on Gerrymandered Congressional Redistricting Map's Chairman Delegate Neil Parrott and Judicial Watch President Tom Fitton issued a statement today following a ruling by Maryland's highest court, the Court of Appeals, that allows a voter referendum on Maryland's newly gerrymandered Congressional Districting Plan to proceed MarketWire

Ronald E. Thompson, Jr. Joins Analytical Graphics, Inc.
AGI, the developer of commercially available software for the space, defense and intelligence industries, today announced that it has hired Col Ronald E. Thompson, Jr., USAF, Retired, former chief of the Space and Missile Systems Center's (SMC's) Space Situational Awareness (SSA) Division MarketWire

The National Aquarium Renews Partnership With Paciolan
Paciolan, a leading provider of ticketing, marketing, and fundraising solutions for museums and attractions, today announced that the National Aquarium has renewed its partnership with the company. Working with Paciolan since 1992, the National Aquarium will continue leveraging Paciolan's solutions, including its general admission and eVenue online ticketing system MarketWire

Media Advisory: Sonics Announces New Webinar, Making Mobile SoC Device Design Easier With System IP
Sonics, Inc.®, the leading supplier of system IP for cloud-scale SoCs, today announced an online seminar showing how mobile SoC device design can be made easier with system IP. MarketWire Launches Guide to Gorgeous Fall 2012, the nation's leading e-commerce specialty retailer providing scientifically sound solutions for healing and maintaining healthy skin, launched their Guide to Gorgeous Fall 2012, a quarterly forecast of new and upcoming trends in beauty. MarketWire

JDSU Completes Acquisition of GenComm
JDSU (NASDAQ: JDSU) (TSX: JDU) today announced that it has completed the acquisition of GenComm, a provider of wireless test and measurement solutions based in Seoul, South Korea. JDSU announced its intent to acquire GenComm on August 14, 2012. MarketWire

Cott to Present at the Barclays Back-to-School Consumer Conference
Cott Corporation (NYSE: COT) (TSX: BCB) today announced that it will present at the Barclays Back-to-School Consumer Conference on Thursday, September 6, 2012. MarketWire

Winners of the 2012 Bulldog Stars of PR Awards for Outstanding Achievement by Communications Agencies and Professionals Have Been Announced
The 62 winners of the 2012 Bulldog Stars of PR Awards for Outstanding Achievement by Communications Agencies and Professionals were announced today by Bulldog Reporter. Winners enter a pantheon of exemplary communications practitioners, and their campaigns will be summarized in the Bulldog Awards Stars of PR Hall of Fame magazine, which is to be published in September 2012. MarketWire

AIVN Update
American International Ventures, Inc. (OTCBB: AIVN) (OTCQB: AIVN) announced today its pilot program geared at establishing the feasibility of a 250 ton per hour commercial mining operation at the Nick Mine is underway. Tucker White, President of AIVN, stated: "We are getting good placer gold recovery at over 18ft in depth and plan to run 80 yards a day for the next ten days, equaling 1000 tons MarketWire to Host Webinar With Burger King Franchise Owner and Industry Legend David Ostrowe, the leader in integrated bill payment, invoicing and cash management solutions for businesses, today announced that Burger King franchise owner and industry luminary, David Ostrowe, will be a featured speaker in a webinar providing insight into how to build a profitable multi-unit franchise. The free webinar will be held at 1 p.m. PT on Thursday, August 23, accessible from cashflow MarketWire

FFW Corporation Announces Earnings for the Year Ended June 30, 2012
FFW Corporation (the "Corporation") (OTCBB: FFWC) (8/16/2012 Close: $13.75), parent corporation of Crossroads Bank, announced earnings for the quarter and year ended June 30, 2012. MarketWire

AGI's Travis Langster Promoted
AGI, the developer of commercially available software for the space, defense and intelligence industries, today announced that it has promoted Travis Langster to vice president, DoD and Intel Space Business Development. Langster joined AGI in 1996 as a systems engineer MarketWire

Vino, Camera, Action! The Albarino Explorers Club Launches the AEC Ambassador Video Contest
Today, the Albariño Explorers Club (AEC), the virtual community for Albariño wine fans, launched a video contest to find the first-ever Albariño Explorers Club Ambassador. The AEC Ambassador will travel around the U.S. in 2013, spreading the word about Albariño from Rías Baixas, Spain, through consumer tastings and social media. MarketWire

Univest Corporation Declares Third Quarter Dividend
Univest Corporation of Pennsylvania (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and small ticket leasing subsidiaries, today declared a $0.20 per share quarterly cash dividend to be paid on October 1, 2012 to shareholders of record as of September 6, 2012. MarketWire

Volkswagen's Jetta Hybrid Is the World's Fastest Hybrid
Volkswagen announced today that a 2013 Jetta Hybrid driven by Motor Trend Associate Road Test Editor Carlos Lago recorded a speed of 185.394 mph (298.363 kph) at the Bonneville Salt Flats, near Wendover, Nevada, during the Southern California Timing Association's (SCTA) annual Speed Week. This is the fastest speed ever achieved by a production-based hybrid car on the famed Bonneville Salt Flats MarketWire

Karen Capili to Show Latest Designs at 2012 MAGIC Show in Las Vegas
Karen Capili, one of the West Coast's latest and most talked-about designers, will be showing her Spring 2013 couture and ready-to-wear designs at the 2012 WWD MAGIC fashion event in Las Vegas. Retailers can see her latest fashions designs at the Joken Style booth (#75507) at the Las Vegas Convention Center. The MAGIC show runs August 20-23. MarketWire

Ice Air Announces New Direct Replacement Console WSHP
This month, Ice Air, a leading manufacturer of HVAC equipment, introduced the ExactFit™ direct replacement for the ClimateMaster® Console Water Source Heat Pump (WSHP). Ice Air previously offered a direct replacement for the McQuay® Console model, but a recent successful retrofit project prompted them to add a custom-sized replacement model to their expanding product line-up. MarketWire

Walt Disney World Swan and Dolphin Food & Wine Classic Returns for Third Season
Food and wine tastings, educational experiences and meet-and-greets with celebrity chefs will once again be the focus at the Third Annual Swan and Dolphin Food & Wine Classic at the Walt Disney World Swan and Dolphin Hotel on Oct. 12-13 MarketWire

1ST Constitution Bancorp Announces Rights Offering to Existing Shareholders and Filing of Registration Statement
1ST Constitution Bancorp (NASDAQ: FCCY), parent company of 1ST Constitution Bank, announced today that on August 16, 2012, it filed a registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC") for a rights offering to its existing shareholders MarketWire

ODIN, LTD. Awarded License to Operate in Louisiana
According to the US Census Bureau, as recent as the 2002 census, the state of Louisiana had only 16 Demolition Contractors. ODIN, LTD. has received a license to operate as a Demolition Specialty Contractor in the state of Louisiana for the purpose of cornering the heavy industrial demolition market MarketWire

Sidense Wins Patent Infringement Case Against Kilopass
Sidense Corp., a leading developer of Logic Non-Volatile Memory (LNVM) OTP IP cores, announced today that the United States District Court for the Northern District of California granted Sidense's motion for summary judgment of non-infringement of all three Kilopass patents asserted in the lawsuit MarketWire

Capture and Share Memories Instantly: InFocus Launches Mondopad Photo Booth
InFocus Corp., a global leader in digital display devices and visual collaboration technology, is introducing the Mondopad Photo Booth, a smart digital photo booth that enables people to create high-quality photos to view and edit on its 55-inch HD display, and share instantly via e-mail or social media MarketWire

Redknee Solutions to Present at the 2012 Gateway Conference on September 6
Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical billing and charging software and solutions for communications service providers, has been invited to present at the 2012 Gateway Conference being held on September 6 at the W San Francisco Hotel. MarketWire

SAVA Named to Washington Technology's Fast 50 List for Third Consecutive Year
SAVA Workforce Solutions, LLC, a leading provider of enterprise IT and mission support services for the defense, law enforcement and intelligence communities today announced that it has secured the number 2 position on Washington Technology's Fast 50 list of growing companies for the third year in a row. SAVA was number 1 on the list in 2011, and number 2 for 2010. MarketWire

MGAC Completes Project Management Services for the W Seattle
Mark G. Anderson Consultants ("MGAC") recently completed project management services in the renovation of the W Seattle's 5,500 square foot ground-floor commons area and restaurant, which created an exciting new 'living room' and dining space for guests MarketWire

ERF Wireless Second Quarter 2012 Revenues Increase 29% to $1,687,000 and Gross Profit Increases by 59% Due to Record Results Posted by Energy Broadband Oil and Gas Subsidiary
ERF Wireless (OTCBB: ERFB), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company has filed its Form 10-Q with the Securities and Exchange Commission reporting results for the quarter ended June 30, 2012. MarketWire

Trulia Files Registration Statement for Proposed Initial Public Offering
Trulia, Inc., a leading online marketplace for homebuyers, sellers, renters and real estate professionals, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission. The registration statement relates to a proposed initial public offering of shares of its common stock MarketWire

Majesco Entertainment to Present at Two Upcoming Investor Conferences
Majesco Entertainment (NASDAQ: COOL), an innovative provider of video games for the mass market, is scheduled to present at two investor conferences in August 2012. MarketWire

Kenosha's Lakefront Prepares to Sizzle in Just One Week
The countdown to a sizzling good time has begun for Kenosha's annual Grill Games. Starting only a week from today, on August 24 and 25, the lakefront will be filled with grilling competitors, carnival rides, two stages of live music and delicious food. The extended two-day, free-admission festival is the ideal destination for all ages. MarketWire

MagForce AG: Dr. Jan zur Hausen elected to the Supervisory Board of MagForce AG
MagForce AG /MagForce AG: Dr. Jan zur Hausen elected to the Supervisory Board ofMagForce AG. Processed and transmitted by Thomson Reuters ONE.The issuer is solely responsible for the content of this announcement MarketWire

ALLTHAT! to Compete in NBC's "America's Got Talent" Wild Card Round Tuesday, August 21
ALLTHAT!, the all-male percussive clogging group currently in the quarterfinals of NBC's "America's Got Talent," return to the stage on Tuesday, August 21 and go up against eleven Wild Card acts to battle it out for a coveted spot in the show's semifinals. MarketWire

Bal Seal Engineering Begins Construction on Manufacturing Plant in Colorado, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- Bal Seal Engineering Incorporated (Foothill Ranch, California) has begun construction on a $45 million grassroot spring-loaded connector and seal manufacturing plant in Colorado Springs, Colorado. MarketWire

MoneyTV with Donald Baillargeon, 8/17
Truth about Paul Ryan, Cytosorb, PAZOO, business capital, fuel cells, credit repair; this week on MoneyTV with Donald Baillargeon. MoneyTV is the internationally syndicated television program all about money and what makes it happen, (, featuring informative interviews with company CEOs, providing insights into their operations and outlooks for their futures. MarketWire

Mortgage Guide Helps Homeowners Learn How to Reduce Principal on Mortgages Quick and Easy
American Homeowners will benefit from billions of dollars to reduce principal and rates on their mortgages in troubled times. will help thousands get their fair share. The money was set aside for homeowners with hardship thanks to pressure on U.S. Banks from Congress, the Justice Department and the U.S MarketWire

Barry Callebaut first to collaborate with Rainforest Alliance to train cocoa farmers in Cameroon

A8 Music Announces 2012 Interim Results
The leading integrated digital music company in China -- A8 Digital Music Holdings Limited ("A8 Music" or the "Company") (Stock Code: 00800.HK) today announced its unaudited interim results for the six months ended 30 June 2012. MarketWire

Nokia & Zynga partnership grows to bring blockbuster games to Nokia Asha Touch phones
Draw Something and Zynga Poker coming toover 100 million Nokia consumers duringFall 2012 MarketWire

Collagenna (AGIJ) Major Asian Cosmetics Merger Update
Axia Group (PINKSHEETS: AGIJ) is pleased to provide the following update MarketWire

SeaBird - Report 2nd quarter 2012

Comment on this story