Board OKs Landrys buyout offer Nov 7, 2009
50 in a deal that eventually fell apart in January 2009 when the company and underwriters involved would not disclose information contained in the transaction commitment letter to U.S. Securities and Exchange Commission officials as part of the review process. In August, a special committee consisting of outside directors had considered an offer from Fertitta for another go-private transaction through which Landry s shareholders would receive shares of subsidiary Landry s Saltgrass Inc. in... (Houston Business Journal, TX)
Ballmer: Yahoo Bing Deal Will Be Global Nov 7, 2009
Last week, the two firms notified the Securities and Exchange Commission (SEC) that they to work out the finer points of their landmark deal. Under the terms of the pending ten-year agreement, Yahoo would use Microsoft Bing to provide search capabilities to its Web sites, and share the advertising revenues with the software giant. (SmallBusinessComputing)
KGMB owner to get $22M from Raycom Nov 7, 2009
In a filing with the Securities and Exchange Commission Wednesday, Virginia-based MCG Capital Corp said Raycom, which owns K5 and KHNL, also must make quarterly interest payments and annual principal payments. Critics said the arrangement shows that the merger is in fact a sale and should be overturned under federal laws barring multiple ownership of television stations in a single market. (Honolulu Advertiser)
* US insider trading probe widens Nov 7, 2009
The US Securities and Exchange Commission estimated the amount at US$53 million. The SEC total includes some profits not reflected in the criminal probe. (Taipei Times, Taiwan -- World)
CHART: Defendants in Wall Street insider-trading case Nov 7, 2009
The Securities and Exchange Commission alleges that an insider-trading ring of Wall Street professionals made illegal profits from advance knowledge of several corporate acquisitions, including that of computer networking company 3Com ... Source: Securities and Exchange Commission. (USA Today -- Money)
Fannie Mae Bid to Sell Tax Credits Vetoed by U.S., Thwarting Goldman Sachs Nov 7, 2009
The company entered an agreement before Sept. 30 to sell the credits at a premium, partly to avoid potential writedowns, according to a Nov. 5 filing with the Securities and Exchange Commission. No Economic Sense. (Bloomberg -- US)
237 millionaires in Congress... Nov 7, 2009
Among executive branch officials, CRP says the richest is Securities and Exchange Commission Chairwoman Mary L. Schapiro, with a net worth estimated at $26 million. Secretary of State Hillary Clinton is next, worth an estimated $21 million. (The Drudge Report)
Sun Micro sales fall Nov 7, 2009
24 a share, a year earlier, according to a filing with the US Securities and Exchange Commission. But revenue fell to $2. (India Times)
Sinclair Announces Completion and Results of Tender Offers Nov 7, 2009
When used, the words "outlook," "intends to," believes," "anticipates," "expects," "achieves," and similar expressions are intended to identify forward-looking statements and information. Such forward-looking information is subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those set forth in the forward-looking information as a result of various important factors, including and in addition to the assumptions set forth therein,... (Yahoo! Wire -- Entertainment News)
The Government Peter Principle Nov 7, 2009
For sixteen years, one of Wall Streets most successful businessmen operated a $65 billion Ponzi scheme right under the nose of the Securities and Exchange Commission. In a 450-page report released by the SECs inspector general, the agency is excoriated for missing repeated opportunities to catch Madoffeven at the earliest stages of the scheme, when more investor money might have been saved. (Townhall.com)
CTM Media Holdings, Inc. to Commence Issuer Tender Offer Nov 7, 2009
The tender offer will commence when the definitive materials (including an Offer to Purchase and Letter of Transmittal) are filed with the Securities and Exchange Commission and made available to CTM Media Holdings stockholders and will remain open for at least twenty business days. In accordance with the rules of the Securities and Exchange Commission, CTM Media Holdings may purchase up to an additional two percent (2%) of its outstanding shares without amending or extending the tender offer... (Yahoo! Wire -- Entertainment News)
Freddie Mac May Face SEC Suit For Errors Nov 7, 2009
The Securities and Exchange Commission gave the McLean-based company what is known as a Wells notice, informing the board of directors that the agency might file a civil complaint, seeking a permanent injunction and a fine, over the company's accounting errors. Freddie Mac has acknowledged that it misstated profits by $5 billion over three years, 2000 through 2002. (Yahoo News -- Corporate Reform)
Dennis Miller to Host WWE® Slammy Awards Nov 7, 2009
These risks and uncertainties include the conditions of the markets for live events, broadcast television, cable television, pay-per-view, Internet, feature films, entertainment, professional sports, and licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; uncertainties relating to litigation; risks associated with producing live events both domestically and internationally; uncertainties associated with international markets; risks relating to... (Yahoo! Wire -- Entertainment News)
TeamPBR Fan Zone, New Merchandise Debuting at Professional Bull Riders World Finals Nov 7, 2009
Factors that could cause actual results to differ materially are discussed in the Company's most recent filings with the Securities and Exchange Commission. Contact. (Yahoo! Wire -- Entertainment News)
Feds bust 'Octopussy' insider trader-tipster Nov 6, 2009
Zvi Goffer "was referred to as 'Octopussy' -- as in the James Bond movie -- because of his reputation for having arms in so many sources of information," said Robert Khuzami, director of enforcement for the Securities and Exchange Commission ... Zvi Goffer "was referred to as 'Octopussy' -- as in the James Bond movie -- because of his reputation for having arms in so many sources of information," said Robert Khuzami, director of enforcement for the Securities and Exchange Commission. (New York Post -- News)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
Reference is made to the company's reports filed with the Securities and Exchange Commission for a more detailed disclosure of the risks. For all these reasons, actual results or developments may differ materially from those projected in the forward-looking statements. (Primezone Releases)
Frozen Food Express Industries, Inc. Announces Third Quarter 2009 Results Nov 6, 2009
Among the key factors that are not within our management's control and that may cause actual results to differ materially from those projected in such forward-looking statements are demand for the company's services and products, and its ability to meet that demand, which may be affected by, among other things, competition, weather conditions and the general economy, the availability and cost of labor and owner-operators, the ability to negotiate favorably with lenders and lessors, the effects... (Primezone Releases)
MAKO Surgical Corp. to Present at the Lazard Capital Markets 6th Annual Healthcare Conference Nov 6, 2009
These and other risks are described in greater detail under "Risk Factors" in MAKO's periodic reports filed from time to time with the Securities and Exchange Commission. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. (Primezone Releases)
Main Street Capital Announces Third Quarter 2009 Financial Results Nov 6, 2009
For a more detailed discussion of financial and other information included in this press release, please refer to Main Street's Form 10-Q for the quarterly period ended September 30, 2009 to be filed with the Securities and Exchange Commission () and Main Street's Third Quarter 2009 Investor Presentation to be posted on the investor relations section of the Company's web site ... Those statements are made based on various underlying assumptions and are subject to numerous uncertainties and... (Primezone Releases)
Home BancShares, Inc. to Present at the Sandler O'Neill Conference Nov 6, 2009
Additional information on factors that might affect Home BancShares, Inc.'s financial results are included in its Form 10-K, filed with the Securities and Exchange Commission in March 2009. Contact. (Primezone Releases)
Studio featured on 'Queer Eye' ready to sell its shares Nov 6, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
Rackspace apologizes for cloud outage, prepares to issue service credits Nov 6, 2009
After the summer outages, Rackspace said in a filing with the Securities and Exchange Commission that it would issue service credits totaling $2. 5 million to $3. (San Francisco Chronicle -- Technology)
Mechel 2009 First Half Financial Results Conference Call and Internet Broadcast Nov 6, 2009
We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the... (Primezone Releases)
SMARTRAC Acquires OTI's and MCT's Inlay Manufacturing Assets and Both Parties Signed a Long Term Supply Agreement Nov 6, 2009
Forward-looking statements could be impacted by market acceptance of and demand for new and existing products and our ability to supply and deliver orders in cooperation with SMARTRAC, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2008, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can... (Primezone Releases)
Who is responsible? Nov 6, 2009
A depressing internal report by the Securities and Exchange Commission shows that the agency missed several chances to catch Ponzi scheme Bernard Madoff before the numbers got into the billions and the victims into the thousands. The report raises anew the question of how Madoff was able to pull off the scam for so long. He thought it up, of course, and he had enablers who brought him clients. (The Palm Beach Post)
The missing pieces in Galleon’s puzzle Nov 6, 2009
A lawyer with the Securities and Exchange Commission Wednesday seemed to confirm that development when she told Judge Jed Rakoff that there was a real possibility of regulators adding defendants to a related civil lawsuit. So far, federal authorities have portrayed a complex multi-year scheme, contending that Rajaratnam, Kurland and Chiesi traded on corporate secrets about upcoming deals or earnings news. (The Star Online, Malaysia -- Business)
Insider-trading bust results in six arrests; see chart Nov 6, 2009
The Securities and Exchange Commission alleges that an insider-trading ring of Wall Street professionals made illegal profits from advance knowledge of several corporate acquisitions, including that of computer networking company 3Com ... Source: Securities and Exchange Commission. (USA Today -- Money)
More arrests in insider-trading scandal Nov 6, 2009
Goffer, who also worked at Galleon and started a trading firm called Incremental Capital last year, was known as Octopussy within the insider-trading ring because of his reputation for having arms in so many sources of inside information, according to the Securities and Exchange Commission. The other defendants include Arthur Cutillo, an attorney at law firm Ropes LLP; New York attorney Jason Goldfarb; Craig Drimal, who worked in Galleon's offices but wasn't an employee; Emanuel Goffer, who... (San Francisco Chronicle -- Business)
Fannie Mae's U.S. Bailout Reaches $60 Billion After Ninth Straight Loss Nov 6, 2009
9 billion third-quarter , according to a Securities and Exchange Commission filing late yesterday. The Washington-based company, which posted $101. (Bloomberg)
Ropes & Gray's Cutillo, Patent Lawyer, Accused of Fueling Insider Trading Nov 6, 2009
Cutillo provided tips on all four, according to a civil complaint by the U.S. Securities and Exchange Commission, which sued him. Cutillo, with a masters and a bachelors degree in chemical engineering, was an intellectual property litigator for Ropes & Gray, according to a biographical sketch on the firms. (Bloomberg)
Schottenfeld `Prop Shop' at Center of Inside-Trading Ring, Prosecutors Say Nov 6, 2009
He was known within the ring as the , a reference to the 1983 James Bond film starring , because he had arms in so many sources of information, according to a U.S. Securities and Exchange Commission complaint. Schottenfeld is a prop shop, or proprietary-trading firm, where about 50 traders buy and sell stocks daily using company money. (Bloomberg)
14 charged in widening insider-trading case Nov 6, 2009
Bharara said total profits alleged by prosecutors was $40 million, while the Securities and Exchange Commission raised the total to $53 million, saying it includes millions in profits not described in the criminal complaints. Bharara said eight people were arrested Thursday on securities-fraud charges and another five have already pleaded guilty and are cooperating. (AZCentral -- News)
Pomeroy to settle merger-related suit Nov 6, 2009
The company said as part of the agreement, it has filed additional information with the Securities and Exchange Commission to to supplement its proxy statement. It does not admit, however, that the proxy statement doesn't contain adequate information. (Cincinnati Business Courier, OH)
Testing the Scope of Bank of America's Privilege Waiver Nov 6, 2009
The bank initially declined to answer specific questions about its knowledge of Merrill's books, claiming that to do so would violate attorney-client privilege, according to court documents filed by the Securities and Exchange Commission. Federal and state officials pressured BofA to waive attorney-client privilege, and the bank eventually agreed to do so last month. (Law.com)
Joe Lieberman undercuts his wife Nov 6, 2009
According to her official biography on Wellpoint's filings with the Securities and Exchange Commission, her qualifications to sit on the board of a billion-dollar corporation were minimal, to put it politely. She was 38 years old, teaching law at a local university, with limited experience as a corporate attorney at Eli Lilly & Co., the big pharmaceutical company that is also headquartered in Indiana. (Salon)
Atheros exec, others charged in insider trading case Nov 6, 2009
The criminal investigation, which is led by the U.S. Attorney's Office for the Southern District of New York and the FBI, working in close coordination with the U.S. Securities and Exchange Commission (SEC). Related Links. (EETimes)
CBS Corporation Reports Third Quarter 2009 Results Nov 6, 2009
These risks, uncertainties and other factors include, among others: advertising market conditions generally; changes in the public acceptance of the Company's programming; changes in technology and its effect on competition in the Company's markets; changes in the Federal Communications laws and regulations; the impact of piracy on the Company's products, the impact of the consolidation in the market for the Company's programming; other domestic and global economic, business, competitive and/or... (Yahoo! Wire -- Entertainment News)
JP Morgan agrees $75m bribe fine Nov 6, 2009
"The transactions were complex but the scheme was simple," the Securities and Exchange Commission said. "Senior JP Morgan bankers made unlawful payments to win business and earn fees.". (BBC News -- Americas)
J.P. Morgan settles Alabama bond case Nov 6, 2009
The Securities and Exchange Commission said yesterday that J.P. Morgan and former managing directors Charles LeCroy and Douglas MacFaddin paid $8 million to friends of Jefferson County commissioners who voted to hire the bank to carry out municipal bond offerings and other transactions to finance a new sewer system. The friends worked for local financial firms, but did not work on the deal. (Honolulu Advertiser)
Ex-Galleon Worker, 13 Others Charged by U.S. in $53 Million Insider Scheme Nov 6, 2009
Within the ring, Goffer was known as the Octopussy, a reference to the 1983 James Bond film starring , the U.S. Securities and Exchange Commission alleged in a related civil lawsuit filed yesterday. The nickname stemmed from his reputation for having multiple sources of inside information, the SEC said. (Bloomberg -- US)
Liberty Media Announces Liberty Starz Trading Information Nov 5, 2009
Nothing in this press release shall constitute a solicitation to buy or an offer to sell shares of LEI, any of the Liberty Media tracking stocks or shares of the new company to be issued pursuant to the merger agreement with DIRECTV. The offer and sale of shares in the proposed Split-Off and the DTV Business Combination will only be made pursuant to the effective registration statements on file with the Securities and Exchange Commission ("SEC"). Liberty Media stockholders and other investors... (Yahoo! Wire -- Entertainment News)
Studio featured on 'Queer Eye' ready to sell its shares Nov 5, 2009
Its filing with the Securities and Exchange Commission placed the authorized share volume at 30 million shares of common stock and 10 million shares of preferred stock at undisclosed values. The planned IPO "is something we've been working toward. We're excited about our potential," Chief Financial Officer David Barnard said. (Yahoo News -- Queer Eye for the Straight Guy)
1310States:NJ,NY,BA; US:DSF; Intl:; Fmts:Print, Online, Broadcast; Other:;ContentType:Spot Development; ContentElement:FastStory; Breaking:True;bizd/swollenberg HZL-LAJ-sw fasst409-ec Nov 5, 2009
Merck's filing with the Securities and Exchange Commission states the FDA "has identified additional manufacturing and stability data that are needed.". "We do intend to refile" with additional data, said Merck spokesman Ron Rogers. (NJ.com -- News)
Insight increases earnings forecast in 3Q Nov 5, 2009
Those distractions included a major financial restatement earlier this year after an accounting error that cost the company $61 million, sparking a Securities and Exchange Commission probe. It also resulted in pending lawsuits filed by shareholders. (AZCentral -- Business)
Former Merge execs settle SEC fraud charges Nov 5, 2009
Two former senior executives with have agreed to settle charges with the U.S. Securities and Exchange Commission for their roles in an alleged accounting fraud that ultimately caused the company s stock price to drop by two-thirds during a seven-month period. The SEC alleged Wednesday that former chief executive officer Richard Linden of Barrington, Ill. (Milwaukee Business Journal, WI)
$700m settles JPMorgan bond case Nov 5, 2009
The Securities and Exchange Commission yesterday outlined the settlement with JPMorgan, which canceled interest-rate swap contracts with the county worth $700 million in March. The bank did not admit to or deny the allegations. (Boston Globe)
Lender’s ex-CEO must face fraud case Nov 5, 2009
LOS ANGELES - Countrywide Financial Corp. s former chief executive, Angelo Mozilo, must face a Securities and Exchange Commission lawsuit alleging he misled investors about the home lender s deteriorating finances. US District Judge John F. Walter, in an order filed yesterday, denied Mozilo s request to dismiss the SEC s securities fraud claims. (Boston Globe)
Panel backs giving SEC more power Nov 5, 2009
It would give the Securities and Exchange Commission new powers, including the ability to offer bounty money to tipsters and the power to bar violators from employment in any securities-related industry. The bill also would double the SEC s budget in the next five years. (Boston Globe)
Frank reconsiders legislation after worry raised on loopholes Nov 5, 2009
After the meeting, Frank sent a letter to Gensler and Mary Schapiro, the chair of the Securities and Exchange Commission, telling them he heard concerns about the bill and wanted to further clarify the exception allowing certain types of derivatives trading. The letter was released last night. (Boston Globe)
House Panel Votes to Give SEC More Money, Power Nov 5, 2009
The bill, approved 41-28, would give the Securities and Exchange Commission the ability to offer bounty money to tipsters on fraud cases and bar violators of the law from employment in any securities-related industry. Special: Get Sarah Palins New Book Incredible FREE Offer. (Newsmax)
Orion Marine Group, Inc. Reports Third Quarter 2009 Results; Record Backlog Nov 5, 2009
These measurements may be deemed "non-GAAP financial measures" under rules of the Securities and Exchange Commission, including Regulation G. The non-GAAP financial information may be determined or calculated differently by other companies ... These estimated goals are based on assumptions that may be affected by actual outcomes, including but not limited to the factors noted in the "forward looking statements" herein, in other releases, and in filings with the Securities and Exchange... (Primezone Releases)
Cornell Companies Reports Third-Quarter 2009 Results -- Updates Guidance for Fourth Quarter and Full Year 2009 Nov 5, 2009
These include but are not limited to risks and uncertainties associated with general economic and market conditions, including the impact governmental budgets can have on our per diem rates and occupancy, Cornell's ability to perform according to its current expectations, changes in supply and demand, actions by government agencies and other third parties, access to capital and other risks and uncertainties detailed in the Company's most recent Form 10-K and other filings made by us from time to... (Primezone Releases)
The Alpha Group and FIMI Recommend Joshua Sheffer as New Retalix CEO Nov 5, 2009
Various factors that could cause actual results to differ materially from those expressed in such forward-looking statements include but are not limited to risks associated with uncertainty as to whether the private placement transaction will be completed, whether the board of directors will accept the recommendation of the Alpha investors and FIMI, whether Mr. Sheffer's past experience will benefit Retalix, the occurrence of any event, change or other circumstances that could give rise to the... (Primezone Releases)
Urban Outfitters Reports Q3 Sales Increase 6% Nov 5, 2009
Any one, or all, of the following factors could cause actual financial results to differ materially from those financial results mentioned in the forward-looking statements: the difficulty in predicting and responding to shifts in fashion trends, changes in the level of competitive pricing and promotional activity and other industry factors, overall economic and market conditions and the resultant impact on consumer spending patterns, including any effects of terrorist acts or war, availability... (Primezone Releases)
TearLab Corporation to Release Q3-09 Financial Results on November 12 -- Conference Call to Follow Nov 5, 2009
Many factors may cause our actual results to differ materially from any forward-looking statement, including the factors detailed in our filings with the Securities and Exchange Commission and Canadian securities regulatory authorities, including but not limited to our Forms 10-K and 10-Q. We do not undertake to update any forward-looking statements. Contact. (Primezone Releases)
Legacy Reserves LP Announces Third Quarter 2009 Results Nov 5, 2009
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are realized oil and natural gas prices; production volumes, lease operating expenses, general and administrative costs and finding and development costs; future operating results and the factors set forth under the heading "Risk Factors" in the 2008 Annual Report on Form 10-K filed March 6, 2009 (File No. 001-33249) and subsequent filings with the Securities and Exchange... (Primezone Releases)
Trico Reports Third Quarter Results -- Strength Continues in Subsea Services Businesses as Company Dramatically Improves Balance Sheet Nov 5, 2009
A further description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings ... These results should be considered preliminary until the Company files its Form 10-Q with the Securities and Exchange Commission. (Primezone Releases)
inVentiv Health Announces Terrell Herring to Resign Nov 5, 2009
Readers of this press release are referred to documents filed from time to time by inVentiv Health, Inc. with the Securities and Exchange Commission for further discussion of these and other factors. Contact. (Primezone Releases)
Citizens Community Bancorp, Inc. Announces Preliminary Fiscal 2009 Fourth-Quarter Results Nov 5, 2009
In addition, such uncertainties and other operational matters are discussed further in the company's quarterly and annual filings with the Securities and Exchange Commission. Contact. (Primezone Releases)
JPMorgan Settles SEC 'Pay-to-Play' Charges in Ala. Nov 5, 2009
The Securities and Exchange Commission on Wednesday announced the settlement with JPMorgan. The SEC had alleged that JPMorgan and former managing directors Charles LeCroy and Douglas MacFaddin made about $8. (ABC News -- Wire)
Kodiak Energy, Inc. Announces Voluntary Delisting From TSX Venture Exchange Nov 5, 2009
CALGARY, ALBERTA--(Marketwire - Nov. 4, 2009) - Kodiak Energy, Inc. (TSX VENTURE: - ; OTCBB: - ; "Kodiak" or the "Corporation) announces that it has voluntarily requested the TSX Venture Exchange (TSX-V) delist Kodiak's common shares from trading on the TSX-V. The TSX-V's policies allow for a period of ten days before delisting to facilitate settlement of trades and to allow shareholders to sell to willing purchasers. The TSX-V will issue an Exchange Bulletin ten days prior to the voluntary... (CCNMatthews Press Releases)
SEC Vote Prohibits Mutual Funds From Directed Brokerage Nov 5, 2009
The Securities and Exchange Commission yesterday unanimously approved a new rule that bars mutual fund companies from steering trades to brokers who promise to promote the funds in exchange for stock and bond business ... The Securities and Exchange Commission ruled that mutual fund portfolio managers must disclose more information about their pay structures. (Yahoo News -- Corporate Reform)
Freddie Mac May Face SEC Suit For Errors Nov 5, 2009
The Securities and Exchange Commission gave the McLean-based company what is known as a Wells notice, informing the board of directors that the agency might file a civil complaint, seeking a permanent injunction and a fine, over the company's accounting errors. Freddie Mac has acknowledged that it misstated profits by $5 billion over three years, 2000 through 2002. (Yahoo News -- Corporate Reform)
Rajaratnam Prosecutors Claim Multiple Witnesses to Galleon Insider Trading Nov 5, 2009
A lawyer for the U.S. Securities and Exchange Commission said at a separate court hearing in Manhattan that more defendants may be added to the agencys civil lawsuit against Galleon and Rajaratnam. SEC lawyer told U.S. District Judge that the agency may sue others in the case. (Bloomberg -- US)
PrivateBancorp insiders buy shares to buoy lender Nov 5, 2009
28, shelling out $241,280, according to a Securities and Exchange Commission filing Tuesday. The purchase added 12% to his stake in the company, bringing total shares owned to 245,358. (Crain's Chicago Business)
