AndhraNews.net
Home » Business News » 2013 » May » May 24

Business News on May 24, 2013


PRHL CEO Randall Letcavage Follows Warren Buffet's Lead
A number of newspapers around the country have picked up a NewsUSA article, "Following Warren Buffet's Lead in Energy Deregulation MarketWire

SFL - Adding four 8,700 TEU Newbuilding Container Vessels
Press release from Ship FinanceInternational Limited, May 24, 2013 MarketWire

SFL - Invitation to Presentation of 1Q 2013 Results
Ship Finance International Limited ("ShipFinance") (NYSE: SFL) plans to release its preliminary financial resultsfor the first quarter 2013 on Thursday May 30, 2013. MarketWire

Gardner Denver Declares Quarterly Cash Dividend
On May 22, 2013, the Board of Directors of Gardner Denver, Inc. (NYSE: GDI) declared a regular quarterly dividend of five cents per share for the first quarter of 2013. The first quarter dividend is payable June 25, 2013, to shareholders of record as of June 11, 2013. MarketWire

ETC Announces Fiscal 2013 Full Year and Fourth Quarter Results
ACN Newswire

Flowserve Holds 2013 Annual Meeting of Shareholders
DALLAS, May 23, 2013 - Flowserve Corp. (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, held its 2013 Annual Meeting of Shareholders today in Irving, Texas.The company confirmed at the annual meeting that Michael F. Johnston retired as a member of the board of directors effective after the annual meeting ACN Newswire

Flowserve Announces Quarterly Cash Dividend of $0.42 Per Share
DALLAS, May 23, 2013 - Flowserve Corp. (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that its board of directors has authorized the payment of a quarterly cash dividend of $0.42 per share on the company's outstanding shares of common stock on a pre-stock split basis. At $0 ACN Newswire

Capital Pacific Bancorp Elects Board Members
Capital Pacific Bancorp (OTCQB: CPBO) announced today the results of recent elections to its board of directors. MarketWire

Performance Advertising Network Jebbit Is Changing the Way Brands and Consumers View Online Content
Jebbit and thirteen other members of TechStars, the world's #1 business accelerator, Boston Spring 2013 class took to the stage at House of Blues on Thursday morning to showcase their innovative businesses and their progress since the beginning of the program. MarketWire

Utah-Founded BidSync Receives Best of State Award
BidSync, the leading provider of cloud-based, end-to-end procurement solutions for the public sector, today celebrates with its employees and customers after receiving the 2013 Best of State award for computer-related services by Utah's premier recognition program. MarketWire

Call for Nominations: ASC X12 Chair/Vice Chair 2013-2015 Term
ASC X12 Chair and Vice Chair nominations are now being accepted for the 2013-2015 term. The Chair/Vice Chair election is scheduled for September 23, 2013 at the ASC X12 Standing Meeting in Jacksonville, FL. Candidates for nomination must be an ASC X12 member. Nominations are due by July 1. MarketWire

ARUBA NETWORKS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Aruba Networks, Inc. - ARUN
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 22, 2013 to file lead plaintiff applications in a securities class action lawsuit against Aruba Networks, Inc MarketWire

UPDATE: Inner Harbor Baltimore Hotel Sets the Pace for Racing Excitement
The race is on for the 2013 Celebration of Acceleration as Grand Prix fans make the push to secure their viewing spots for Labor Day weekend racing and the thrill of roaring engines through the streets of Baltimore's Inner Harbor. MarketWire

Qualstar Announces Rollout of the First Fully Outsourced RLS(TM) Product
Qualstar Corporation (NASDAQ: QBAK), a manufacturer of data storage solutions and high-efficiency power supplies, today announced that the first RLS™ tape library product has been successfully built entirely by its outsourced manufacturing partner, CTS Electronics Manufacturing Solutions, Inc MarketWire

USO Northwest 'Red, White & Blue Golf Classic' Raises $300,000 for Local Military Services
USO Northwest today announced results from the 18th Annual 'Red, White & Blue Golf Classic,' held Tuesday, May 21 at The Golf Club at Newcastle. The annual golf tournament, dinner and auction attracted more than 430 golfers and attendees, and raised more than $300,000 in support of local military, military families and veterans MarketWire

Punchh Named Winner of 2013 TiE50 "Top Startup" at TiEcon 2013
Punchh, Inc., a startup that delivers branded mobile apps and a cloud-based marketing automation platform for restaurants, has been recognized as a Winner of the 2013 TiE50 "Top Startup" Award at TiEcon 2013, the world's largest conference for entrepreneurs. Punchh was honored Saturday, May 18, at the Santa Clara Convention Center. MarketWire

FLIR Systems Announces Additions to Executive Management Team
FLIR Systems, Inc. (NASDAQ: FLIR) today announced changes to its executive management team. Thomas A. Surran has been appointed President of the Commercial Systems division, succeeding Andrew C. Teich, who was recently named FLIR's President and Chief Executive Officer. Additionally, Jeffrey D. Frank has been promoted to the new role of Vice President, Global Product Strategy. MarketWire

House Plans and More Redesigns Website
HDA, Inc., a St. Louis-based distributing, merchandising and publishing company, has launched a website re-design of their house plans website, houseplansandmore.com. Now consumers seeking high-quality house plans can take advantage of several new and improved features. MarketWire

Zalemark Holding Company Announces Definitive Licensing Agreement With Dog Boxer Brand
Zalemark Holding Company, Inc. (PINKSHEETS: ZMRK) announces its newest alliance with a definitive licensing agreement for the design, distribution and marketing of the worldwide fan-based brand, "Dog Boxer™" new line of jewelry. This brand is the brainchild of long time visionary, Lance Foreman of Dog Boxer Management MarketWire

Enterprise Holdings' Hiring of Veterans and Reservists Expected to Exceed 2012 Levels
This year, more than 600 military veterans and reservists already have enlisted in new careers with Enterprise Holdings -- which owns and operates the Enterprise Rent-A-Car, Alamo Rent A Car and National Car Rental brands -- and the company doesn't expect that pace to slow any time soon. MarketWire

SFT Introduces Critical Semiconductor Design Products for ESD & Electro-Thermal Analysis
Silicon Frontline Technology, Inc. (SFT), a leader in 3D parasitic extraction and semiconductor device analysis, is announcing two semiconductor analysis products -- ESRA and Ethan -- and first-time demonstrations at the 50th Design Automation Conference (DAC) in Austin, Texas next month at booth #2133. MarketWire

Acer Provides PCs to Enable Oklahoma Tornado Victims to Communicate With Loved Ones
WHAT: Acer America delivered 40 computers to Walmart Emergency Response Centers that have been set up in two Walmart stores in Moore, Okla. to support tornado victims. The Acer computers will enable local residents to communicate with loved ones and access news, information and aid resources MarketWire

Digirad Adopts Tax Benefit Preservation Plan to Protect Its Net Operating Loss Carryforwards
Digirad Corporation (NASDAQ: DRAD) announced today that its Board of Directors has adopted a Tax Benefit Preservation Plan (the Plan) designed to preserve the value of its significant net operating loss carryforwards (NOLs) in relation to the potential limitations under Section 382 of the Internal Revenue Code MarketWire

Allied Energy, Inc. Provides Operations Updates
Allied Energy, Inc. ("Company") (OTC Pink: AGGI) today announced updates relating to its operations. MarketWire

EnergySolutions and Energy Capital Partners Announce Closing of Merger
EnergySolutions, Inc. (NYSE: ES) and affiliates of Energy Capital Partners II, LLC ("Energy Capital Partners") announced today the closing of their merger effective May 24, 2013. MarketWire

Statement From Vendini Regarding Unauthorized Entry Into Its Systems
Cloud-based event ticketing and logistics software company Vendini has announced an unauthorized database system breach. Vendini provides box-office and online ticketing services to hundreds of Vendini members, which are tour, casino, sports, arts and entertainment venues and promoters, across the U.S. and Canada. MarketWire

Richmond Fed's Annual Report Asks, Is America the Land of Opportunity?
The Federal Reserve Bank of Richmond today released its 2012 Annual Report, which features the essay, "Land of Opportunity? Economic Mobility in the United States." MarketWire

Seabridge Gold Acquires Shares of Wolfpack Gold Corp. Under RTO
Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge") announces today that, as a result of a reverse takeover transaction, it has acquired ownership and control of, and now owns a total of, 5,506,500 shares (the "Shares") of Wolfpack Gold Corp. (TSX.V: WFP) (the "Company"), representing 11.04% of the outstanding shares of the Company MarketWire

Coca-Cola FEMSA and Grupo Yoli Successfully Merge Their Bottling Operations
Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola FEMSA" or the "Company"), the largest Coca-Cola franchise bottler in the world, and Grupo Yoli, S.A. de C.V ("Grupo Yoli") and its shareholders announce the successful merger of Grupo Yoli with Coca-Cola FEMSA. MarketWire

Thirty-One Waller Attorneys Recognized as "Leaders in the Field" by Chambers USA
Thirty-one attorneys from Waller, Nashville's oldest and largest law firm, have been recognized as "Leaders in the Field" in the 2013 edition of Chambers USA, an annual publication that ranks the leading firms and lawyers in an extensive range of practice areas throughout America. The number of Waller attorneys recognized is up from 24 in 2012 MarketWire

The Cooper Institute Signs Agreement With Hungarian School Sport Federation
There has been much talk about the increasing rates of physical inactivity and childhood obesity in the US. It turns out that inactivity and obesity trends are also becoming a global problem. Recognizing this need, The Cooper Institute has signed a partnership agreement with the Hungarian School Sport Federation to establish a national platform for youth fitness assessment in Hungary MarketWire

Volkswagen Welcomes USA Cycling to Chattanooga
The Volkswagen USA Cycling Professional Road & Time Trial National Championships will kick off today with a press conference at the LEED® Platinum Certified Volkswagen Chattanooga plant. Volkswagen has committed to a four year partnership as the title sponsor of this event. MarketWire

NSA Media and Wishabi Form a Strategic Alliance to Bring Integrated Print and Digital Circular Strategies to Retailers
NSA Media, the largest single buyer of newspaper and print circulars in the U.S., announced today that they have formed a strategic alliance with Wishabi, a leading Toronto-based technology company, founded by former Microsoft engineers and dedicated to reinventing the e-circular MarketWire

Media Alert: Kilopass to Present Non-Volatile Memory IP Roadmap for TSMC Process Technologies During 50th Design Automation Conference
WHO:Bernard Stamme, Director of Marketing and Applications for Kilopass Technology Inc. (www.kilopass.com), the leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP) MarketWire

IP Partner Scott Palmer Joins Sheppard Mullin Beijing
Scott J. Palmer has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm's IP practice group, based in the firm's Beijing office. Palmer joins from Baker & McKenzie in Beijing, where he led that firm's IP practice in Beijing. He will be supported by a full team of IP professionals in Sheppard Mullin's Beijing and Shanghai offices. MarketWire

KBC Group: KBC completes the sale of Absolut Bank
Press ReleaseOutside trading hours - Regulated information* GlobeNewswire

Leasinvest Real Estate SCA: notification of the publication of a notice in accordance with art 593 of the Company Code
relating to the public offering of new shares within the framework of a capital increase in cash with preferential subscription rights of approximately € 60 million GlobeNewswire

Eurocastle Investment Limited: Eurocastle announces pricing of offer of new ordinary shares
Guernsey 24 May 2013 GlobeNewswire

Press release - Grontmij General Meeting adopted all proposed resolutions
De Bilt, 23 May 2013 - The annual General Meeting of Shareholders of Grontmij N.V., which was held today, adopted all proposed resolutions. GlobeNewswire

Uncasville, Albany Have Lowest Average Prices for NKOTB Tickets Listed on TicketNetwork.com
In just a few days, boy bands New Kids on the Block, 98 Degrees, and Boyz II Men begin their highly anticipated 2013 tour. Two Northeast U.S. cities have some of the most affordable tickets listed on online marketplace TicketNetwork.com. MarketWire

Teche Holding Company Announces Stock Repurchase Plan
(NYSE MKT: TSH) - Patrick Little, President and CEO of Teche Holding Company, the holding company for Teche Federal Bank, announced today that its Board of Directors authorized a stock repurchase plan to repurchase up to 3%, or approximately 60,000 shares, of the Company's common stock. MarketWire

Teche Announces Quarterly Dividend of $0.37 per Common Share, Yield of 3.5% and Payout Ratio of 49.3%
- (NYSE MKT: TSH) - The Board of Directors of Teche Holding Company, holding company for Teche Federal Bank, announced today that it had declared a quarterly dividend of $0.37 per share of its common stock. The effective dividend yield amounts to 3.5% based on the stock price on the close of business on May 23, 2013. MarketWire

Gaithersburg Marriott Celebrates Opening of New Lakeside Ballroom
Gaithersburg Marriott Washingtonian Center brings modern, organic design and one-of-a-kind lake views to business and social events in the capital region with the opening of its new Lakeside Ballroom. MarketWire

Bombardier Among Canada's Big Defence and Security Players at CANSEC 2013
Bombardier Aerospace announced today that it will once again be exhibiting at CANSEC, Canada's largest defense technology showcase. The show will be held at the Ernst & Young Centre in Ottawa on May 29 and May 30, 2013. Bombardier is a key sponsor of this event, which fosters engagement between industry and government agencies. MarketWire

Schneider Electric Announces Keynotes for D.C. Xperience Efficiency Event
Schneider Electric, a global specialist in energy management, today announced a world-class group of keynote addresses that will be delivered at its Washington D.C. Xperience Efficiency event. Xperience Efficiency 2013, a global event series that will highlight solutions to today's energy, efficiency and sustainability challenges, begins in Washington D.C. and cities around the world June 4-6 MarketWire

DayStar Technologies, Inc. (DSTI) Announces the Successful Closing of a 20% Equity Position in Premier Global
DayStar Technologies, Inc. (PINKSHEETS: DSTI) announces that they successfully closed on a twenty percent (20%) equity position in Premier Global Holdings Corp. MarketWire

Johannesburg - Dealings in Securities by Executive Director of AngloGold Ashanti Limited
In terms of JSE Listings Requirement 3.63, AngloGold Ashanti (NYSE: AU) gives notice that an executive director of the company has purchased shares of the company, after receiving clearance to do so as required by Listing Requirement 3.66. Details of the purchase are provided below: MarketWire

Audi Begins Program to Match U.S. Military Veterans With Dealership Service Openings
The 'Veterans to Technicians Program' will create pathways for skilled former military technicians to become Audi-certified employees Demand for Audi Dealership technicians is expected to soar 112% by 2020 as the brand continues U.S. market growth The program was developed with CALIBRE Systems, Inc MarketWire

Etelesolv's First Annual Customer Forum in Toronto
Etelesolv (www.etelesolv.com), Canada's leader in Telecom and IT Management, today shares details of its acclaimed half day forum held last month in Toronto, Ontario at the Sheraton Hotel. At this first Annual Customer Focused Forum, Etelesolv shared its product-specific roadmap for Telemanager as well as best practices from current customers. MarketWire

Swordfish Financial, Inc. Forward Movement and Information
Swordfish Financial, Inc. (PINKSHEETS: SWRF) Provides clarity of forward momentum and JV with iPoint Television, LLC. MarketWire

Xirrus Wins Innovation in Enterprise Wireless Solutions Award at Ethernet Innovation Summit
Xirrus®, the leader in high-performance wireless networks, today announced it received the 2013 Innovation Award for Enterprise Wireless Solutions at the 2013 Internet Innovation Summit, which took place May 22-23, 2013 at the Computer History Museum in Mountain View, California. Xirrus took top honors, edging out other industry heavyweights. MarketWire

Ithaca Energy Inc.: Director and Officers' Share Purchase
Ithaca Energy Inc.(TSX VENTURE: IAE) (LSE: IAE) MarketWire

Red Giant Entertainment Increases Inventory to Online Store by 50%
Red Giant Entertainment Inc. (OTCQB: REDG), an innovative Intellectual Property company specializing in high-quality characters and content for use in a variety of media and entertainment, is pleased to announce that it has increased its available inventory for its online store by 50%, with a total retail value over $350,000. MarketWire

Congressional Notables Participates at Jewish American Heritage Luncheon
In creating a tradition, May has been designated as Jewish Heritage Month to celebrate the talents and contributions of the American Jewish Community to the American society. Yesterday, a ceremony was held in the ornate U.S. Capitol to celebrate just that. MarketWire

MSD Gold Files Legal Proceedings to Clarify Its Ownership of the Kenty Gold Mine Property
MSD GOLD MINING CORPORATION ("MSD GOLD") and Emerald Isle Resources Inc., ("Emerald Isle") have filed an Application for Order of Declaration that MSD Gold and Emerald Isle are the sole owners of the Kenty Gold Mine property. The proceedings, filed against Joshua Gold Resources Inc. (OTCQB: JSHG), are over its alleged acquisition of the same property in October 2012 MarketWire

Cisco Completes Acquisition of Ubiquisys
Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately held Ubiquisys. Headquartered in Swindon, U.K., Ubiquisys is a leading provider of intelligent 3G and long-term evolution (LTE) small-cell technologies that provide seamless connectivity across mobile heterogeneous networks for service providers. MarketWire

Givit Joins Mozilla's Firefox Flicks Campaign as Exclusive Mobile Video App
Mozilla's highly touted Firefox Flicks filmmaking competition (https://firefoxflicks.mozilla.org/en-US/) has tapped Givit (www.givit.com) -- iPhone's easiest app to capture, edit and share video -- as the exclusive mobile video app for contestants to create amazing video right on iPhone MarketWire

Suppliers to U.S. Auto Industry Boost Investments in Plant Expansions and Retoolings, an Industrial Info News Alert
Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Since the beginning of 2011, according to Industrial Info's North American Industrial Manufacturing Database, 50 capital projects worth an estimated $4.3 billion have kicked off at U.S. tire-manufacturing facilities. This total includes grassroot projects and expansions of existing plants. MarketWire

Mexico's Thirst for Natural Gas Continues to Increase, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- According to data from the U.S. Energy Information Administration (EIA), Mexico's natural gas imports of 2.1 billion cubic feet per day (Bcf/d) in 2012 represented a 21% increase from 2011 imports. The majority of the country's natural gas imports are from the U.S., which delivered approximately 1 MarketWire

PRSA-NY Celebrates 26th Annual Big Apple Awards Gala
Public relations and communications professionals gathered at the Mandarin Oriental Hotel last night for the 26th Annual Big Apple Awards Gala. David Ushery attended the event as the first ever award recipient of the Big Apple Award for Excellence in Journalism for his work in the industry including his current role as anchor/reporter, NBC 4 New York and host of The Debrief with David Ushery MarketWire

Tsakos Energy Navigation Reports Profits for the First Quarter of 2013 and Dividend Declaration
Tsakos Energy Navigation Limited (TEN) (NYSE: TNP) MarketWire

TTR Provides State Departments of Revenue With Sales & Use Tax Solution
TTR, the industry leader in providing accurate, current, supported and easy to find sales and use tax answers, now provides tax answers to state agencies that administer sales and use taxes (typically called Departments of Revenue). MarketWire

JCM Global Brings Industry-Leading Solutions to UITP World Congress and Mobility & City Transportation Exhibition
JCM Global, the world's leading supplier of innovative automated transactions solutions for the banking, retail and gaming industries, is bringing the world's leading cash-handling solutions to the upcoming 60th UITP World Congress and Mobility & City Transportation Exhibition. MarketWire

Kingsoft Announces 2013 First Quarter Results
Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK: 03888), a leading Chinese software and Internet service company, announced its unaudited first quarter results for the three months ended 31 March 2013.During the period under review, Kingsoft recorded a revenue of RMB456.9 million which increased by 6% quarter-over-quarter and 56% year-over-year ACN Newswire

Facebook and Google Lead 7th Asian Publishing Convention
Digital gurus from Facebook and Google will lead plenary sessions at the Asian Publishing Convention (APC). The regional magazine and online industry event for publishers and industry professionals will run for two intensive days with plenary and bootcamp sessions.Mr. Eliot Connor, Director, APAC, Facebook and Mr ACN Newswire

Panasonic Develops World's Highest Efficiency White OLED for Lighting
Panasonic Corporation today announced that it has developed a white Organic Light Emitting Diode (OLED) with the world's highest luminous efficiency(1) of 114 lm/W (light-emitting area of 1 cm2). In addition, a luminous efficiency of 110 lm/W has also been achieved with a device with a larger emitting area of 25 cm2 ACN Newswire

Panasonic Develops a High-brightness White Light Source Using Near Ultraviolet Semiconductor Lasers and Phosphors
Panasonic Corporation today announced that it has developed a semiconductor white light source capable of outputting luminous flux in the 10,000-lumen[1] class. This newly developed technology will enable wider variation in design, a higher brightness and smaller form factor in applications in areas such as data projectors and vehicle headlights ACN Newswire

Publication of supplementary prospectus relating to increased size of offer of new ordinary shares
EUROCASTLE INVESTMENT LIMITED GlobeNewswire

European Commission approves the combination of Ahlstrom's Label and Processing business and Munksjö AB
Ahlstrom Corporation STOCK EXCHANGE RELEASE May 24, 2013 at 12.15 GlobeNewswire

Notification from the DPR of the Ministry of Defence
Press ReleaseMay 24, 2013 GlobeNewswire

Ratos acquires HENT
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules. GlobeNewswire

KONE elevators and escalators to enable smooth people flow at stations across Ningtian Intercity Rail Line in Nanjing, China
KONE Corporation, press release, May 25, 2013 GlobeNewswire

Notice to attend Extraordinary General Meeting on Tuesday 18 June 2013
Investment AB Kinnevik ("Kinnevik") today announced that The Board of Directors has, at the request of a number of shareholders, decided to hold an Extraordinary General Meeting to propose that all holders of Class A shares are offered the opportunity to convert their Class A shares into Class B shares. The offer will be open for a limited period of time GlobeNewswire

Experience Art and Design's (OTCQB:EXAD) Italian Subsidiary Chiurazzi and Geoffrey M. Curley & Associates to Co-Develop Museum Exhibition of Italian Sculptures - Video Posted on InvestmentPitch.com
Vancouver, British Columbia, May 23, 2013 - Experience Art and Design (OTCQB:EXAD) announced that its Italian subsidiary Chiurazzi Internazionale S.r.l. has engaged Geoffrey M. Curley & Associates to co-develop a traveling exhibition for art, natural history, and science museums throughout North America. GlobeNewswire

Comment on this story

Share