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Business News on December 24, 2012


Advance tax collections rises 10.44% in December 2012
Advance tax collections for December 2012 is at Rs. 78,226 crore Andhra News

Cornerstone Strategic Value Fund, Inc. Announces Completion of Rights Offering
Cornerstone Strategic Value Fund, Inc. (the "Fund") (NYSE MKT: CLM) is pleased to announce the completion of its one-for-three rights offering which expired Friday, December 21, 2012 (the "Offering"). Under the terms of the Offering, record date stockholders were entitled to purchase one newly-issued share of common stock of the Fund for every three rights held MarketWire

Cornerstone Total Return Fund, Inc. Announces Completion of Rights Offering
Cornerstone Total Return Fund, Inc. (the "Fund") (NYSE MKT: CRF) is pleased to announce the completion of its one-for-three rights offering which expired Friday, December 21, 2012 (the "Offering"). The Offering was over-subscribed. Under the terms of the Offering, record date stockholders were entitled to purchase one newly-issued share of common stock of the Fund for every three rights held MarketWire

World Moto, Inc.: Selects SVI as Its Manufacturing Partner for the Moto-Meter
World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has selected Thailand-based SVI Public Company Ltd ("SVI") as its manufacturing partner for production of the Moto-Meter (www.svi.co.th). This strategic decision allows World Moto to scale its production rapidly to meet demand for the device MarketWire

Auto Club Outlines New Motorist Laws for 2013
New laws taking effect in 2013 will allow testing of "autonomous vehicles" on California roads, clarify the rules for whether motorists can park at broken parking meters, and modify the law banning electronic device use while driving, according to the Automobile Club of Southern California. MarketWire

Reform Rabbis Call on Citizens to Push for Stronger Gun Safety Enforcement and Legislation
In the wake of the tragic killings in Newtown, Connecticut, the world's largest group of Jewish clergy, the Central Conference of American Rabbis (CCAR), calls upon its members in the U.S MarketWire

Americas Petrogas Successfully Drills Another Shale Oil/Gas Well in Argentina: Los Toldos II
Americas Petrogas (TSX VENTURE: BOE) ("Americas Petrogas" or the "Company") is pleased to announce that the Agua de Afuera (ADA.x-1) unconventional, shale exploration well has reached total depth ("TD"). The well drilled through 340 meters or 1,115 feet of the primary target Vaca Muerta shale formation with oil and gas shows through most of this shale section MarketWire

All American Pet Company, Inc.'s New Super-Premium 27% Protein Power NutraBar(TM) Was Seen by Millions During Its Weekend TV Debut on CNN International and the Headline Network
All American Pet Company, Inc. (OTCQB: AAPT) -- Presented by well-known pet advocate, Wendy Diamond, All American Pet Brand's NutraBars made multiple appearances on CNN International which reaches more than 200 million households in over 200 countries and its sister network, HLN, which focuses on national "must-see, must-share" stories of the day. During the on-air segments, http://youtu MarketWire

Cellceutix Comments on New York Times Article Heralding p53 Drugs as the New Age in Cancer Research
Cellceutix Corporation (OTCBB: CTIX) (the "Company"), a clinical stage biopharmaceutical company focused on discovering small molecule drugs to treat unmet medical conditions, including drug-resistant cancers and autoimmune diseases, today provides commentary on a front page New York Times article published December 23, 2012 titled, "Genetic Gamble; New Approaches to Fighting Cancer." MarketWire

Vicor Corporation Announces Extension of Tender Offer to Repurchase up to $20 Million of Common Shares
Vicor Corporation (NASDAQ: VICR) ("Vicor" or the "Company") announced today it is extending its previously announced "Modified Dutch Auction" tender offer to repurchase shares of its Common Stock valued at up to $20 million, at a price no greater than $5.38 per share and no less than $4.30 per share, until 11:59 P.M., Eastern Standard Time, on January 23, 2013. MarketWire

1ST Constitution Bancorp Declares a 5 Percent Stock Dividend
1ST Constitution Bancorp's (NASDAQ: FCCY) Board of Directors has declared a 5 percent stock dividend to shareholders of record as of the close of business on January 14, 2013, payable January 31, 2013. Robert F. Mangano, President and Chief Executive Officer said that this action represents the twenty-first consecutive year that a stock dividend has been paid by 1ST Constitution. MarketWire

VOLTA FINANCE - RESULT OF THE SCRIP DIVIDEND OPTION
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES GlobeNewswire

Total and CNODC farm-in to Tethys' Tajikistan Assets
Tethys Petroleum Limited ("Tethys"), the oil and gas exploration and production company focused on Central Asia, today announced that its subsidiary, Kulob Petroleum Limited, has signed a farm-out agreement ("FOA") for the Bokhtar Production Sharing Contract ("PSC") in Tajikistan with subsidiaries of Total S.A ACN Newswire

Hydroxycut: Body Weight Training Increases in Popularity, Breaks Barriers to Weight Loss
Gym memberships, workout apparel, shoes, at-home exercise videos, weights, machines, and other products are seen by many as necessities to a well-rounded weight loss strategy. But the truth is that, with body weight training, individuals can forgo the expenses associated with weight loss and still lose excess pounds MarketWire

Equity Trust Company: Complaints Abound About Traditional IRA Limitations
The IRA is an enduringly popular form of retirement account -- and, according to a recent report from Seacoast Online, the popularity of the IRA has grown immensely over the past 32 years. In 1980, IRA investors had accrued only $25 billion through these tax-advantaged retirement accounts. Today, the Investment Company Institute says the total value of IRA assets is $5 MarketWire

Rob Macpherson Rutland VT: Microchipping Is a Great Holiday Gift for Pets and Owners
As most Americans are making their last efforts to seek out great holiday presents for their friends and family members, others are concerned about what gifts to get for the beloved animals in their lives. Just as holiday gifts are becoming more technologically complex for the human population, gifts for pets -- and pet owners -- are also following this trend MarketWire

Water Fountains Give Vogue Look to Space Decoration
Water Fountains revolutionize interior and professional spaces into a reassuring setting reverberating with the sounds of cascading water. Water Fountain Pros' water features come in a stunning selection of styles, so one can rest assured that there's an option that will feel like it was designed especially for them. MarketWire

KBC Group : Absolut Bank acquired by the Russian companies that manage the pension reserves of Non-State Pension Fund "BLAGOSOSTOYANIE"
Joint Press Release- Outside Brussels trading hours - Regulated information*Moscow, Brussels - 24 December 2012 GlobeNewswire

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