The merger widens Schlumberger's lead as the world's largest oilfield services company based on revenue and market capitalization. Smith's drilling technologies, other products and expertise complement a variety of Schlumberger technology offerings, while the geographical footprint of Schlumberger will enable the merged companies to extend joint offerings worldwide.
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There are a number of reasons why we are aligning these markets into the HEMI Region, said Tony Aquila, founder, Chairman and CEO of Solera Holdings, Inc. Here are three reasons: The creation of the HEMI Region is consistent with our operating principles and is a strategic component of our mission to reach $1 billion in annual revenues and $400 million $450 million in annual Adjusted EBITDA.
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The parties are convinced that a new and more flexible basis of cooperation will provide both companies more options and opportunities in their markets instead of the former, restricted agreement, said Jess Jankowski, President and CEO of Nanophase. We have experienced the benefits in other relationships of graduating from an exclusive one focused on contractual requirements to a relationship..
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Robert Moritz, US Chairman and Senior Partner of PricewaterhouseCoopers LLP, said, We are pleased to bring to PwC a group of highly talented professionals with a proven track record of consistently delivering world class service. The acquisition reflects our long-standing commitment to provide the expertise and experience necessary to assist our clients in addressing their highest priority...
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Robert Moritz, US Chairman and Senior Partner of PricewaterhouseCoopers LLP, said, We are pleased to bring to PwC a group of highly talented professionals with a proven track record of consistently delivering world class service. The acquisition reflects our long-standing commitment to provide the expertise and experience necessary to assist our clients in addressing their highest priority...
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Portfolio testing has been one of the most requested features by TradeStation customers for several years, so it is very exciting to soon be able to provide our clients with a professional-level, portfolio back-testing solution, said John Bartleman, TradeStation Securities' Vice President of Product Management. No other platform enables the range of portfolio testing that Portfolio Maestro...
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SPOKANE, Wash. August 20, 2010 Sterling Financial Corporation (NASDAQ:STSA) (Sterling), the bank holding company of Sterling Savings Bank, today announced agreements to raise a total of $730 million in new capital from institutional, private equity and other accredited investors. The transaction is expected to close on or about August 26, 2010.
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Selecting Genesis and ABX-CRO to advance ANAVEX 2-73 to the clinical research phase is a major milestone for us, states Dr. Cameron Durrant, Executive Chairman of Anavex. Both partner organizations have a strong track record of conducting and managing, successful pre-clinical and clinical studies in Alzheimer's disease, including regulatory approaches. Genesis' competence in constructing and...
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Jim Keyes, chairman and chief executive officer of Blockbuster Inc., stated, We appreciate the continued cooperation of our senior secured noteholders and the other parties involved in our ongoing recapitalization efforts. While making progress, this extension allows additional time to complete these complex, multiparty negotiations. To take advantage of its unique multi-channel model and...
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San Jacinto Esplanade is a 56,473 square foot multitenant retail center built in 2007 and located on 11.54 acres and includes over 30,000 square feet of vacant land pad sites. The property is approximately 52 percent leased. Major tenants include fresh&easy, Jack in the Box® and Starbucks. Tenants have staggered lease expirations that range from 2012 to 2027.
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We began to see significant traction in Q2 with our SBC product. While we are encouraged by the market response to this new product, we saw lower than anticipated overall revenues for Q2, largely driven by restrictions in shipping already accepted orders in Indiaan issue that is being experienced by many of the technology companies selling into Indian carriers, said Doug Sabella, Chief...
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PORTLAND, OR – August 10, 2010 – Blount International, Inc. (NYSE: BLT) (“Blount”), a leader in the manufacturing, marketing, and distribution of replacement parts, equipment, and accessories for the global forestry, lawn and garden, and construction industries, today announced the acquisition of SP Companies, Inc. and its wholly-owned subsidiary, SpeeCo, Incorporated (“SpeeCo”), a Golden,...
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The placement involves the issuance and sale of up to 5.2 million new shares of the Company's common stock, $0.01 par value per share (Common Stock), to YEP and/or one or more of its affiliates in return for $3.00 per new share issued and sold. Placement of the shares is expected to occur in one or more closings through December 25, 2010, with the proceeds to be used to cover operating and...
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ROCKVILLE, Md. and PHILADELPHIA, Pa., August 4, 2010 Catalyst Health Solutions, Inc., (NASDAQ:CHSI) and Independence Blue Cross (IBC) announced today that they have entered into a definitive agreement for Catalyst to acquire IBC's pharmacy benefit management subsidiaries, FutureScripts, LLC and FutureScripts Secure, LLC (FutureScripts), for $225 million, which includes the value of a future tax.
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SCHAUMBURG, Illinois August 9, 2010 Sparton Corporation (NYSE: SPA), a supplier of complex and reliable electronic and electro-mechanical products, sub-assemblies and related services to the highly regulated Medical, Defense & Security, and Aerospace markets announces that on August 6, 2010 its wholly owned subsidiary, Sparton Medical Systems Colorado, LLC, completed its previously announced..
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PHOENIX, July 21 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB:PBEC.ob - News), a development stage renewable energy company, is pleased to announce that it has entered into an agreement for the acquisition of 100 acres in Gila Bend, Arizona, subject to closing conditions. As part of its plan to develop this new 150 megawatt solar farm, the Company is also in negotiations to purchase..
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LONDON, Ontario July 30, 2010 – Stellar Pharmaceuticals Inc. ("Stellar") (OTCBB:SLXCF), a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today reported signing an license agreement with Laboratorios Inibsa, S.A. ("Inibsa") for the distribution and sale of one of its lead products, Uracyst® (a sterile sodium chondroitin...
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The term of the silver purchase agreement, which previously ended in 2029, has been increased to life-of-mine; During the first four years following closing, Primero will deliver to Silver Wheaton a per annum amount equal to the first 3.5 million ounces of payable silver produced at San Dimas and 50% of any excess, plus Silver Wheaton will receive an additional 1.5 million ounces of silver...
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Commenting on the results, Raja Parvez, President and CEO said, We had a very strong quarter reaching historical highs in revenue and earnings. We continued to dramatically increase gross margin and earnings per share in the quarter through increased pricing, improved product mix, and operational efficiency. The Company's revenue increased 37 percent sequentially to $15.8 million in the current.
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August 3, 2010 – Fort Worth, TX – AZZ incorporated (“AZZ”) (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, today announces the consummation of the merger of North American Galvanizing & Coatings, Inc. (“NGA”) with and into Big Kettle Merger Sub, Inc., an indirect wholly-owned subsidiary of AZZ (“Big Kettle”), with NGA as the surviving corporation. As a..
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LOS ANGELES, August 3, 2010 Health Net, Inc. (NYSE: HNT) today announced 2010 second quarter GAAP net income of $45.1 million, or $0.45 per diluted share, compared with $40.1 million, or $0.38 per diluted share, for the second quarter of 2009.
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CHATSWORTH, Calif., July 27, 2010 IRIS International, Inc. (NasdaqGM: IRIS), a leading manufacturer of automated in-vitro diagnostics systems and consumables for use in hospitals and commercial laboratories worldwide, announced today that it has signed a definitive agreement to acquire AlliedPath, Inc., a private, early stage high complexity, CLIA-certified laboratory focused on oncology and...
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CHESTNUT RIDGE, NY, JULY 29, 2010 LeCroy Corporation (NASDAQ: LCRY), a leading supplier of oscilloscopes and serial data test solutions, today announced that it has reached agreement with its lending partners, M&T Bank, RBS Citizens Bank and Capital One, to amend and extend its $50 million revolving line of credit through January 2014. The amended agreement extends the Company's credit facility.
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As more fully described in the notice of the merger being delivered to noteholders, pursuant to the indenture under which the notes were issued, the notes are convertible in connection with the merger and continue to be convertible under other sections of the indenture as set forth in the Fundamental Change Notice and Non-Stock Fundamental Change Notice dated July 27, 2010 (the Fundamental...
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Q2 license revenue was $14.5 million, compared with $15.8 million in the second quarter of 2009. Maintenance and support revenue in the second quarter was $32.7 million, compared with $31.0 million in the prior year. Consulting services revenue for Q2 was $13.5 million, compared to $19.2 million in Q2 2009. Total revenue for the second quarter of 2010 was $64.5 million, compared with $69.4...
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DUBLIN, CA, July 28, 2010 Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced its financial results for the quarter ended June 30, 2010.
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ONE CONTRACT PRICED USING IMG’S INNOVATIVE NEW PRICING FORMULA TO BUILD STABLE LONG TERM RELATIONSHIPS DEERFIELD BEACH, FL--(07/27/10) - China Direct Industries, Inc. ("China Direct Industries") (NASDAQ:CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium production and distribution of basic materials, announced today that it has received several...
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PHOENIX, July 27, 2010 (GLOBE NEWSWIRE) -- iMergent, Inc. (AMEX:IIG), a leading provider of eCommerce software, site development, web hosting and search engine optimization for businesses and entrepreneurs, today reported financial results for its second quarter ended June 30, 2010.
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We are pleased to report record second quarter revenue, reflecting continued improvement in the global hospital spending environment, as evidenced by strong double digit growth in all of our reporting segments. Instrument shipments remained strong with 103 iQ®200 analyzers sold in the quarter versus 95 in the year ago period. In addition, 37 iChem®VELOCITY chemistry analyzers were shipped...
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CARLSBAD, Calif., July 21, 2010--(PR Newswire)--Patriot Scientific Corporation (OTCBB: PTSC - News) today reported that its wholly owned subsidiary, Patriot Data Solutions Group (PDSG), has entered into a strategic partnership agreement with SRA International, Inc. Under the agreement SRA will become a reseller of PDSG's Crossflo DataExchange® (CDX) line of products. SRA serves government...
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Meridian Bioscience, Inc., Cincinnati, Ohio (NASDAQ: VIVO) announces that effective today it will have completed the purchase of all the outstanding capital stock of the Bioline group of companies consisting of Bioline Ltd (UK), Bioline GmbH (Germany), Bioline (Aust) Pty Ltd (Australia), Bioline Reagents Ltd, and Bioline USA, Inc for $23.3 million in cash on hand.
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The Company entered Chapter 11 reorganization with over $210 million in debt issued pursuant to 11% Senior Notes due 2013 (the Senior Notes). Today, the Company emerged with approximately $107 million in debt issued pursuant to 12.25% Senior Secured PIK Election Notes due 2014 and approximately $50 million in total unaudited (global) Cash (before payment of accrued professional fees and other...
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Fremont , CA (JULY 16, 2010) SYNNEX Corporation (NYSE: SNX), a Fortune 500 company and leading business process services company, has announced it has signed a definitive sale agreement to sell certain assets related to its contract assembly business to MiTAC International Corporation.
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ATLANTIC CITY, NJ July 16, 2010 Trump Entertainment Resorts, Inc. (the Company) announced today that the Company, together with certain of its subsidiaries, has successfully emerged from a Chapter 11 reorganization process. Upon emergence today, Trump Entertainment Resorts has significant new financial strength and resources, and a shared vision for stability and growth under a new...
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GAM is the largest private producer of sugar in Mexico, following only the Mexican government. The company owns and operates sugar mills and packaging plants throughout Mexico and specializes in the production, processing and distribution of sugar cane, as well as in the elaboration and sale of sugar-based derivates and products.
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Ruiming adds 14,000 metric tons of annual magnesium production capacity to its IMG branded operations to potentially generate up to $35 million in revenue per year at current price levels Deerfield Beach, Fla., July 15, 2010 – China Direct Industries, Inc. (“China Direct Industries”) (NASDAQ: CDII), a U.S. owned holding company operating in China in two core business segments, pure magnesium...
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Expected to provide SANYO Semiconductor customers with access to advanced front-end mixed-signal and analog manufacturing, and ultra high volume back-end facilities Expected to provide ON Semiconductor with access to market-leading Japanese and Asian customers Significant efficiency gains expected through optimization of manufacturing, process technology platforms and efficient capital...
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July 14, 2010 SeattleCell Therapeutics (CTI) (NASDAQ and MTA: CTIC) today announced that it has signed a manufacturing agreement with NerPharMa, S.r.l. (NerPharMa) (a pharmaceutical manufacturing company belonging to Nerviano Medical Sciences S.r.l., in Nerviano, Italy) for CTI's drug candidate pixantrone. The five-year contract between CTI and NerPharMa provides for both the commercial and..
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The FDIC was appointed receiver of Home National Bank by the Office of the Comptroller of the Currency, which closed Home National today. Home National Bank operated branches in Oklahoma, Kansas and Arizona. Enterprise Bank & Trust purchased only the loans originated and other real estate acquired by the Arizona operations of Home National, predominantly in the local market. Enterprise will not...
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SARASOTA, FL--(Marketwire - 07/06/10) - Resource Exchange of America Corporation (OTC.BB:RXAC - News), a Florida-based recycling company, is pleased to announce that on June 21, 2010 the Company entered into an Employment & Acquisition Agreement ("Asset Acquisition") with Mr. Thomas L. Griffin ("Mr. Griffin"). Mr. Griffin is the owner of Thomas Griffin International, which operates under the name.
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Boca Raton, Fla. (July 6, 2010) Medical Staffing Network Holdings, Inc. (OTCQX: MSNW) today announced that it has entered into an Asset Purchase Agreement to sell substantially all of its assets to MSN AcquisitionCo, LLC, an entity organized and to be owned by the Company's first lien secured lenders. In order to facilitate the sale process, the Company has filed a voluntary petition for relief.
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We are pleased to announce our investment and supply agreement with NuGlow, which creates the opportunity to bring the next generation in advanced skin care technology products to consumers, stated R. Stephen Beatty, President and Chief Executive Officer of Helix BioMedix. NuGlow has established a tested, cost-effective and proven direct response model that I believe will increase the value...
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The Boston Marriott Newton is a full-service, upper-upscale property situated on 11.5 acres of scenic riverfront land along the Charles River. The hotel is located near I-90 and I-95, convenient to downtown Boston and Logan International Airport, and is well-positioned within the Route 128 high-tech corridor. Over the last two years, the hotel underwent an extensive renovation of its guestrooms,..
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The Company initially plans to rent the operations of CVS in Italy, and then acquire the business following approval by the CVS creditors' meeting under the Concordato Preventivo, process in Italy. The rental period could extend for up to two years, but a shorter period is anticipated. As at the agreement date, CVS has a backlog of orders of approximately $10 million for delivery during 2010.
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Under the terms of the transaction, Symyx stockholders will receive approximately 0.7802 shares of Accelrys common stock for each share of Symyx common stock they own. As of today, the merged entity will trade on the NASDAQ stock exchange as Accelrys, Inc. under the symbol ACCL.
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Blockbuster's Forbearance Agreement is with noteholders who have, collectively, represented that they hold approximately seventy percent (70%) of the Company's 11.75 percent senior secured notes due 2014. Pursuant to the Forbearance Agreement, the noteholders executing it have agreed, through August 13, 2010, to forbear from exercising certain rights and remedies they may have under the indenture.
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ST. LOUIS, July 1, 2010 Stifel Financial Corp. (NYSE: SF), a full-service brokerage and investment banking firm, is pleased to announce the completion of the merger with Thomas Weisel Partners Group, Inc. The merger furthers Stifel's mission of building the premier middle-market investment bank with significantly enhanced investment banking, research, and wealth management capabilities.
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The affirmative vote of the holders of a majority of the outstanding shares of Class A common stock, par value $0.01 per share, of the Company (the Common Stock), was required to approve the proposal to adopt the merger agreement. According to the final tally of shares of Common Stock voted, approximately 88 percent of the outstanding shares of Common Stock of the Company as of the close of...
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Prairie, with offices in Kansas City, Denver, Chicago, and Philadelphia, operates a national asset and wealth management practice serving a diverse client base including high net worth private clients, family offices, trusts, foundations and endowments, corporations and plan sponsors. The Prairie team provides institutional-quality investment advice, using a multi-manager approach on an open...
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RENO, Nev. – June 24, 2010 – Altair Nanotechnologies Inc. (Altairnano) (Nasdaq: ALTI) today announced it has signed a long-term supply agreement with Proterra Inc to supply advanced lithium-ion battery modules for incorporation into Proterra’s all-electric and hybrid-electric buses. Altairnano’s technology enables these buses to completely recharge in under 10 minutes, providing high levels of...
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