DUBAI, UAE, October 23, 2011 /PRNewswire/ –
In the face of the rising competition, banks are currently investing more in technology and as a result IT is considered a business enabler rather than a support function. Banks are competitively working to enrich banking experience in…
PR Newswire: Financial Services
AUBURN, Ala., Aug. 29, 2011 /PRNewswire/ — (OTCQB: VPWI) Viper Motorcycle Company, wholly owned division of Viper Powersports, Inc. announced today that it has signed Absolute Investments as its initial 2012 Platinum Overseas Distributor for the Middle East and India.
Colbert Seagraves,…
PR Newswire: Financial Services
SOMERSET, NEW JERSEY–(Marketwire – Aug. 10, 2011) - Cornwall Investments LLC (“Cornwall“) will acquire, pursuant to a non-brokered private placement, transferable convertible promissory notes (the “Convertible Notes“) of Viridis Energy Inc. (“Viridis“) in the aggregate principal amount of ,922,000 evidencing a loan to be advanced by Cornwall. The Convertible Notes will bear interest at a fixed rate of 6% per annum and will be repayable on or before that date which is two years from the date of issuance. Viridis and Cornwall each will have the right at any time to convert any or all of the principal and interest owing under the Convertible Notes into units (“Units“) of Viridis at a rate of one Unit for every .25 owing to a maximum, including Units issuable on conversion of interest owing, of 17,627,036 Units. These conversion rights cannot be exercised by either party without the prior approval of the TSX Venture Exchange if, upon such exercise, Cornwall would hold, directly or indirectly, legally or beneficially, 20% or more of Viridis’ issued and outstanding voting securities. Each Unit issuable upon conversion of the Convertible Notes will comprise one common share of Viridis and one-half of one common share purchase warrant (the “Warrant“). Each whole Warrant will entitle the holder to acquire one common share of Viridis at a price of .40 per share for a period of 24 months from issuance, subject to certain acceleration provisions. The Convertible Notes will be secured by a general security interest in all of Viridis’ assets which will be subordinated to the existing security interests granted by Viridis. The transaction is subject to the approval of the TSX Venture Exchange.
Marketwire – Stock/Other Market News
SOMERSET, NEW JERSEY–(Marketwire – Aug. 10, 2011) - Cornwall Investments LLC (“Cornwall“) will acquire, pursuant to a non-brokered private placement, transferable convertible promissory notes (the “Convertible Notes“) of Viridis Energy Inc. (“Viridis“) in the aggregate principal amount of ,922,000 evidencing a loan to be advanced by Cornwall. The Convertible Notes will bear interest at a fixed rate of 6% per annum and will be repayable on or before that date which is two years from the date of issuance. Viridis and Cornwall each will have the right at any time to convert any or all of the principal and interest owing under the Convertible Notes into units (“Units“) of Viridis at a rate of one Unit for every .25 owing to a maximum, including Units issuable on conversion of interest owing, of 17,627,036 Units. These conversion rights cannot be exercised by either party without the prior approval of the TSX Venture Exchange if, upon such exercise, Cornwall would hold, directly or indirectly, legally or beneficially, 20% or more of Viridis’ issued and outstanding voting securities. Each Unit issuable upon conversion of the Convertible Notes will comprise one common share of Viridis and one-half of one common share purchase warrant (the “Warrant“). Each whole Warrant will entitle the holder to acquire one common share of Viridis at a price of .40 per share for a period of 24 months from issuance, subject to certain acceleration provisions. The Convertible Notes will be secured by a general security interest in all of Viridis’ assets which will be subordinated to the existing security interests granted by Viridis. The transaction is subject to the approval of the TSX Venture Exchange.
Marketwire – Investment Services and Trading
TORONTO, ONTARIO–(Marketwire – June 22, 2011) - Brookfield Investments Corporation (TSX VENTURE:BRN.PR.A) reported net income of million for the three months ended March 31, 2011 compared with a net loss of million in the same period in the prior year. Net income per common share was .02 compared to a loss of .91 in the prior year. The current quarter includes a million gain on the company’s indirect investment in Canary Wharf Group plc, which is held through its investment in Brookfield Europe L.P. The prior period includes million of non-cash foreign exchange losses.
Marketwire – Earnings
TORONTO, ONTARIO–(Marketwire – June 17, 2011) -
Marketwire – Investment Opinion
Panelists to Explore Financial Institutions’ Changing Business Models, Best Cloud Practices
BOCA RATON, FL–(Marketwire – May 16, 2011) – Netco Investments, Inc. (
Marketwire – Mergers and Acquisitions
TORONTO, ONTARIO–(Marketwire – April 15, 2011) - BAM Investments Corp. (the Company) (TSX VENTURE:BNB) today announced its financial results for the year ended December 31, 2010.
Marketwire – Earnings
WASHINGTON – In his weekly address, President Obama called for Democrats and Republicans to come together on a budget that cuts wasteful spending without sacrificing job-creating investments in education, innovation, and infrastructure. Noting that his administration has already proposed specific cuts that meet congressional Republicans halfway, he said that he is prepared to do more and that the job can only be finished by working out the differences and finding common ground.
The audio and video of the address will be available online at www.whitehouse.gov at 6:00 a.m. ET, Saturday, March 5, 2011.
Remarks of President Barack Obama
As Prepared for Delivery
Miami, Florida
March 5, 2011
I’m talking with you from Miami, Florida, where I’m visiting Miami Central High School, a school that’s turning itself around on behalf of its kids. And I came here with Jeb Bush, former governor of this state, because he and I share the view that education isn’t a partisan issue – it’s an American issue.
But in a larger sense, this is a moment when we’ve all got to do what the students and teachers are doing here. We’ve got to step up our game.
Our top priority right now has to be creating new jobs and opportunities in a fiercely competitive world. And this week, we received very good news on that front. We learned that the unemployment rate has fallen to its lowest level in nearly two years as our economy added another 222,000 private sector jobs last month.
Now, we have a lot more work to do, not just for the Americans who still don’t have a job, but for the millions more who still don’t have the right job or all the work they need to live out the American Dream. But the progress we’re seeing says something about the determination and ingenuity of our people and our businesses. What’s also helping to fuel this economic growth are the tax cuts that Democrats and Republicans came together to pass in December and I signed into law – tax cuts that are already making Americans’ paychecks bigger and allowing businesses to write off their investments, freeing up more money for job creation.
Just as both parties cooperated on tax relief that is now fueling job growth, we need to come together around a budget that cuts spending without slowing our economic momentum. We need a government that lives within its means without sacrificing job-creating investments in education, innovation, and infrastructure.
The budget I sent to Congress makes these investments, but it also includes a 5-year spending freeze, and it will reduce our deficits by trillion over the next decade. In fact, the cuts I’ve proposed would bring annual domestic spending to its lowest share of the economy under any president in more than 50 years.
Over the last few weeks, Members of Congress have been debating their own proposals. And I was pleased that Democrats and Republicans in Congress came together a few days ago and passed a plan to cut spending and keep the government running for two more weeks. Still, we can’t do business two weeks at a time. It’s not responsible, and it threatens the progress our economy has been making. We’ve got to keep that momentum going.
We need to come together, Democrats and Republicans, around a long-term budget that sacrifices wasteful spending without sacrificing the job-creating investments in our future. My administration has already put forward specific cuts that meet congressional Republicans halfway. And I’m prepared to do more. But we’ll only finish the job together – by sitting at the same table, working out our differences, and finding common ground. That’s why I’ve asked Vice President Biden and members of my Administration to meet with leaders of Congress going forward.
Getting our fiscal house in order can’t just be something we use as cover to do away with things we dislike politically. And it can’t just be about how much we cut. It’s got to be about how we cut and how we invest. We’ve got to be smart about it. Because if we cut back on the kids I’ve met here and their education, for example, we’d be risking the future of an entire generation of Americans. And there’s nothing responsible about that.
We’ve got to come together to put America back on a fiscally sustainable course – and make sure that when it comes to the economy of the 21st century, our children and our country are better-prepared than anyone else in the world to take it on. Our future depends on it. That’s not a Democratic or a Republican challenge – that’s an American challenge. And I’m confident it’s one we’ll meet. Thanks for listening.
