Analysts revise upward projections for Maybank Nov 14, 2009
While the international operations are anticipated to improve with better economic outlook, the domestic market is expected to see improving capital market activities and lower provisions. HwangDBS revised its earnings estimates by 11% to 12% for FY10 and FY11, after adjusting for higher non-interest income, better net interest margin (NIM) and lower provisions. (The Star Online, Malaysia)
Bank Negara to support private sector growth Nov 14, 2009
SINGAPORE: Bank Negara is focusing on the cost of financing and access to financing from both the banking sector and capital market to support private sector growth. Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said Malaysias monetary policy was to support economic recovery and the present interest rates in the country were appropriate. (The Star Online, Malaysia)
NuVista Energy Ltd.: Third Quarter Interim Report Nov 13, 2009
- Monitoring the bank and equity markets to understand how changes in the capital market may impact NuVista's business plan. OUTLOOK. (CCNMatthews Press Releases)
Four divisions push Maybank profit up 54% Nov 13, 2009
The improving capital market should, however, provide better performance for the investment banking and insurance divisions. International operation is expected to improve on the global recovery and business expansion. (The Star Online, Malaysia -- Business)
SMEs drive India's growth to prosperity Nov 12, 2009
The move by capital market regulator Sebi to ease stock listing and trading norms for small and medium enterprises (SME) can be but one step towards removing the panoply of constraints that they face on a daily basis. Finance, or the lack of it, at the right price and on time is, after all, a recurring problem. (India Times)
NASDAQ grants exception to InfoLogix Nov 12, 2009
company also said NASDAQ has given it additional time to regain compliance with a rule that requires companies with stock listed on the NASDAQ Capital Market to have stockholders equity of at least $2 ... InfoLogix also said it has been allowed to keep its stock listed on the NASDAQ Capital Market in exchange for demonstrating by Nov. 20 that it has at least $2 ... If it can t, it may request a hearing before the NASDAQ Listing Qualifications Panel, which would enable it to keep its stock listed... (Philadelphia Business Journal, PA)
Evotec Third Quarter Financial Results: Growth of Business and Restructuring Impact Lead the Path to Sustainability Nov 12, 2009
In parallel, Evotec reentered into the German technology index TecDAX. These steps are intended to further streamline Evotec's activities, to reduce unnecessary complexity in its capital market presence and to focus the liquidity of Evotec stock on one trading platform. 4. (Primezone Releases)
HSBC Bank Canada - Third quarter 2009 results* Nov 11, 2009
Capital market fees were C$18 million higher due to increased underwriting activity in 2009 and an increase in equity and debt markets which resulted in higher commissions earned on client trading activities ... 4 per cent. Deposit and payment service charges, credit fees and trade finance revenue increased in total by C$25 million and capital market fees increased by C$29 million ... Some of the factors that could cause such differences include legislative or regulatory developments,... (Canada Newswire)
Pure auction method may be a game changer for IPOs Nov 11, 2009
On Monday, the capital market regulator stepped in to change the way public share offerings happen. To begin with Securities and Exchange Board of India (Sebi) has announced a pure auction method of book-building for follow-on public issues. (India Times)
APEC finance ministers meeting opens Nov 11, 2009
They will also discuss a range of issues related to the global economic crisis, trade finance, public-private models for the development of large-scale infrastructure projects and capital market development. At Wednesday's meeting, APEC officials were expected to review the macro-economic situation and the fiscal policies of the APEC economies, officials attending the meeting told Xinhua via phone. (Xinhuanet, China)
Dodd Seeks More Muscle in U.S. Financial Reforms Nov 11, 2009
The long-awaited Dodd bill raises the stakes in a struggle under way for more than a year now, with Democrats working to bring the outdated U.S. regulatory system into the 21st century and prevent a repeat of the capital market crisis that last year pushed the financial system to the brink of disaster. Senate Republican Leader Mitch McConnell told reporters there were no signs yet of Republican support for the bill. (ABC News -- Business)
Television Company Belo Corp. (BLC) Prices Senior Notes Nov 11, 2009
Such risks, uncertainties and factors include, but are not limited to, uncertainties regarding the costs, consequences (including tax consequences) and other effects of the Company's spin-off distribution of its newspaper businesses and related assets to A. H. Belo Corporation and the associated agreements between the Company and A. H. Belo relating to various matters; changes in capital market conditions and prospects, and other factors such as changes in advertising demand, interest rates and... (Yahoo! Wire -- Entertainment News)
Community Central Bank Corporation Announces Q3 Results Nov 11, 2009
On November 3, 2009, the Company's application to list its common stock on The Nasdaq Capital Market was approved. As a result, the Company's common stock was transferred to The Nasdaq Capital Market from The Nasdaq Global Market, effective as of November 6, 2009. (Primezone Releases)
In this super model we trust Nov 11, 2009
Ron Bird and Jack Gray, from the Paul Woolley Centre for Capital Market Dysfunctionality at the University of Technology, Sydney, argue that consumers are unable to determine the quality of the products and costs are unnecessarily high. send photos, videos ffs to 0406 THE AGE (0406 843 243), or us. (Sydney Morning Herald -- Business)
Horizon Financial Receives NASDAQ Notice Nov 10, 2009
Alternately, the Company could apply to transfer its common stock to The Nasdaq Capital Market prior to that date if it satisfies all of the requirements, other than the minimum bid price requirement, for initial listing on The Nasdaq Capital Market set forth in Marketplace Rule 5505. If the Company were to elect to apply for such transfer and if it satisfies the applicable requirements and its application is approved, the Company would have an additional 180 days to regain compliance with the... (Primezone Releases)
Evotec to Voluntarily Delist From NASDAQ Nov 10, 2009
Dr. Werner Lanthaler, Chief Executive Officer of Evotec stated: "Evotec follows the trading behaviour of its shareholders thereby reducing unnecessary complexity in the capital market presence and related costs. Despite this delisting we intend to continually improve the information and service quality for our global shareholder base.". Evotec has given formal notice to the NASDAQ of its intention to voluntarily delist its American Depositary Shares. (Primezone Releases)
T. Rowe Price Buys Into UTI Asset Management Nov 10, 2009
Mutual fund analysts have been saying the capital market regulator's decision to scrap the entry load--the portion of investor's money that fund houses took to pay commissions--will temporarily hurt the industry as distributors will lose the incentive to sell funds. The Indian mutual fund industry had total assets under management of about INR7. (SmartMoney)
ATS reports second quarter fiscal 2010 results Nov 10, 2009
CAMBRIDGE, ON, Nov. 10, 2009 /CNW/ - ATS Automation Tooling Systems Inc. ('ATS' or the 'Company') today reported its financial results for the three and six months ended September 27, 2009. " Financial Results In millions 3 months 3 months 6 months 6 months of dollars, ended ended ended ended except per Sept 27, Sept 30, Sept 27, Sept 30, share data 2009 2008 2009 2008 ------------------------------------------------------------------------- Revenue ASG $ 97.0 $ 147.4 $ 212.2 $ 290.2 from... (Canada Newswire)
SC, HK counterpart in Islamic finance tie-up Nov 10, 2009
Zarinah said this after the signing of a mutual recognition arrangement on the development of Islamic capital market and Islamic CIS between SC and SFC.. Tan Sri Zarinah Anwar exchanging documents with Dr Eddy C. Fong after the signing ceremony. (The Star Online, Malaysia -- Business)
SC in talks to sign agreements on Islamic finance with foreign counterparts Nov 9, 2009
Citing the Mutual Recognition Agreement it signed with the Securities and Futures Commission Hong Kong (SFC) on the Development of Islamic Capital Market and Islamic Collective Investment Schemes, Zarinah said SC has made a lot of effort to develop Islamic finance under the Malaysia International Islamic Financial Centre (MIFC) agenda. "We signed a similar agreement with the Dubai Financial Services Authority several years ago and we are discussing with other jurisdictions to make similar... (The Star Online, Malaysia)
Time for investors to realign portfolios Nov 8, 2009
Shahina Mukadam, director at Varun Capital Market, says. While the policy does require higher provisioning by banks on certain asset classes, my belief is that this will be passed on. (India Times)
Giga-tronics and Team Achieves Milestones in F-15E Radar Modernization Program Nov 7, 2009
Founded in 1980, Giga-tronics Incorporated is a publicly held company, traded on the NASDAQ Capital Market under the symbol "GIGA". Giga-tronics is a leading engineering and design manufacturer of best-in-class RF and microwave signal generators, power amplifiers, power meters, and USB power sensors and broadband switching matrices. (Primezone Releases)
Lessons from global crisis Nov 7, 2009
Among those who have much to gain from studying the missteps and flaws that have led to the crisis are the capital market regulators ... Indeed, the vulnerability of financial systems are uppermost in the minds of those overseeing the capital markets ... An example: While securities regulators had started to look at risk management framework in their supervision of capital markets way before the global financial crisis occurred, I believe that the issue of systemic regulation requires much... (The Star Online, Malaysia -- Business)
Pizza Inn, Inc. Reports Results for First Quarter Fiscal Year 2010 Nov 6, 2009
The Company's common stock is listed on the Nasdaq Capital Market under the symbol "PZZI.". The Pizza Inn logo is available at. (Primezone Releases)
Firm Capital Mortgage Investment Trust Announces Strong Third Quarter Results Nov 6, 2009
The Canadian Accounting Standards Board (AcSB") confirmed that the adoption of IFRS would be effective for the interim and annual periods beginning on or after January 1, 2011 for Canadian publicly accountable profit-oriented enterprises. IFRS will replace Canada's current GAAP for these enterprises. Comparative IFRS information for the previous fiscal year will also have to be reported. These new standards will be effective for the Trust in the first quarter of 2011.The Trust has identified all... (CCNMatthews Press Releases)
Ban on 90-day NCDs may shut IPO fund tap Nov 5, 2009
According to Prime Database, a portal specialising in capital market data, 15 companies raised Rs 15,272 crore in 2009, through IPOs. Many of them like NHPC, Indiabulls Power and Adani Power saw record subscriptions mainly due to the IPO financing forwarded by brokers. (India Times)
Unmatched liquidity of US financial mkts: Dollar to remain dominant Nov 5, 2009
"It will take decades for another capital market to be built as deep as is currently available in the U.S. Accordingly, this is a slow trend that will play out over many years," said Camilla Sutton at Scotia Capital. YUAN. (India Times)
TearLab Corporation to Release Q3-09 Financial Results on November 12 -- Conference Call to Follow Nov 5, 2009
Headquartered in San Diego, CA, TearLab Corporation's common shares trade on the NASDAQ Capital Market under the symbol 'TEAR' and on the Toronto Stock Exchange under the symbol 'TLB. TearLab received the CE Mark for its TearLab(TM) Osmolarity System in 2008 and FDA Clearance in 2009. (Primezone Releases)
J.J. Lasley: Keepin It Real (Estate) Nov 5, 2009
The thing about the real estate market, we all know about location, location, location, but things are primarily determined by the capital market. This is a really rough time in the capital market ... Because of the challenging capital market environment, you cant find the funding to go buy a 40-story building. (TheBootleg.com)
Commerzbank Q3 net loss widens to ?1.06 billion Nov 5, 2009
"Our efforts and the overall improvement in our situation were also reflected in price rises in the capital market in the third quarter, not only for the fixed-income products we issued but also in our rising share price," Blessing said. The bank's net loss for the first nine months stands at. (OregonLive, OR -- Business)
Plan for investor dispute mediation Nov 5, 2009
PETALING JAYA: The capital market is set to get its version of the banking sector s Financial Mediation Bureau (FMB) ... The need for such an initiative in Malaysia was highlighted in the Capital Market Masterplan, which was issued in February 2001 ... Our study shows that there exists a gap in redress mechanism available to investors in the capital market. (The Star Online, Malaysia -- Business)
Nigeria: Central Bank Raises Alarm On Rising Cases of Bank Fraud Nov 5, 2009
"Most of the banks reported increased earnings and profitability due to increased lending and business diversification. The crisis in the capital market threatened the liquidity in the banking system due to banks' exposure to margin loans. The CBN took some actions, such as the stoppage of liquidity mop-up and reduction of liquidity ratio from 40 per cent to 30 percent, to assist banks in their liquidity management. "Some of the banks had their foreign lines reviewed downward by their foreign... (allAfrica.com)
Maybank open to partnership in Turkey Nov 4, 2009
Prime Minister Datuk Seri Najib Tun Razak echoed the same sentiment during his speech when he said Malaysias Islamic capital market was one of the most outstanding and had been growing at exponential rates, with the full complement of products ... He added that in terms of size, Malaysias Islamic capital market had reached RM803bil as at end-August, representing 54% of the Bursa Malaysias market capitalisation ... And as we look to the future, there will be no shortage of demand for Islamic... (The Star Online, Malaysia -- Business)
Opti Canada to Review Alternatives That May Lead to Sale of Oil Prodcer Nov 4, 2009
Steps may also include capital market opportunities, restructuring the current credit facility, asset divestitures or a corporate merger. Opti and Nexen are ramping up Long Lake, which started up in January, to a capacity of 72,000 barrels of daily bitumen production or 60,000 barrels of synthetic crude. (Bloomberg -- Canada)
Nigeria: Central Bank Wants Banks to Report Politicians' Deals Nov 4, 2009
" According to the CBN, a financial institution in a business relationship with a PEP is required to conduct enhanced ongoing monitoring of that relationship. "In the event of any transaction that is abnormal, FIs are required to flag the account and to report immediately to the CBN and other relevant authorities such as Economic and Financial Crimes Commission (EFCC)/NFIU," it said. Many PEPs are major shareholders or directors in Nigeria's banks. Under the regulations, the identities of both... (allAfrica.com)
Banks should look beyond brick and mortar Nov 4, 2009
A possible feature of the high-income economy could be a flourishing capital market, where bonds, foreign exchange and interest rate swaps are currently enjoying good business. However, that is improved income for the banks themselves as a component of the services industry. (The Star Online, Malaysia -- Business)
U.S. Energy Corp. Announces Initial Production Rate of Approximately 1,776 BOE/D From the BCD Farms 16-21 #1H Bakken Well Nov 3, 2009
The Company is headquartered in Riverton, Wyoming, and its common stock is listed on The NASDAQ Capital Market under the symbol "USEG". The U.S. Energy Corp. logo is available at. (Primezone Releases)
Jaypee Infratech to raise Rs 3k cr Nov 3, 2009
As per two officials involved in the issue, the company is planning to file the IPO papers in December and may enter the capital market in the first quarter of the next fiscal ... Besides raising funds, one of the key reasons for entering the capital market is to unlock the value of the subsidiary companies, said a senior company executive. (India Times)
Mizuho Is Said to Start Investment Banking Business in Saudi Arabia Today Nov 2, 2009
A telephone call to Saudi Arabias Capital Market Authority made outside of regular business hours wasnt immediately returned. Nomura said in July it was starting an investment-banking business in Saudi Arabia offering corporate finance, capital markets and wealth management services. (Bloomberg -- Japan)
Vedanta revives 10k cr power project Nov 1, 2009
The metal and mining major is undertaking its commercial and captive power projects in India under the aegis of Sterlite Energy, which last week filed a draft prospectus with SEBI for an initial public offer to raise up to Rs 5,100 crore from the capital market. The subsidiary of Vedanta's flagship firm Sterlite Industries intends to use the net proceeds to partially finance the construction and development of the Talwandi project. (India Times)
Nigeria: Central Bank To Create Asset Regulatory Body Oct 31, 2009
Explaining exactly what the company would be doing, the governor said its focus would first be on the marginal loans given by those banks that were badly hit by the capital market crash, because those are easier to value ... "The capital market has lost 70per cent and basically we have a situation today where everybody is trying to minimise the losses. So the banks are saying, 'You owe us so much. We don't care what happened to the market. You will have to pay us the money. "In other words, the... (allAfrica.com)
New Cubs Owner Vows to Win World Series Oct 31, 2009
"It was a very volatile capital market that also led to months of delay as we worked through the issues we had with the financial side of the transaction.". Ricketts called the work ahead "daunting," particularly the work on Wrigley. (ABC 7 News, DC)
At risk ... beggar-thy-neighbour Oct 31, 2009
Governments then, like now, increased domestic interventions ranging from fiscal stimuli, subsidies to the most affected and monetary easing, to labour and capital market restrictions. These spilled over into increasingly protective practices, including tariff barriers, buy-local initiatives voluntary export restraints and orderly market arrangements. (The Star Online, Malaysia -- Business)
SEBI's fewer holiday plan stuck with exchange body Oct 30, 2009
"If the banking holidays are not in sync with the capital market holiday structure, it puts that much more pressure on a broker to pre-fund his margin. The banking infrastructure will have to align with the new paradigm. In a growing economy how can we have such large number of holidays," said the head-equities at a foreign brokerage. It is learnt that the regulator and the two premier exchanges NSE and BSE are agreeable on fewer trading holidays. (India Times)
Colonial Properties loses $3.5M in 3Q Oct 30, 2009
Since the beginning of the third quarter, we have significantly enhanced our liquidity position with $180 million in proceeds from capital market activities and dispositions, said Thomas H. Lowder, chairman and CEO, in the release. The new capital allowed us to continue delevering the company. (Birmingham Business Journal, AL)
PVF Capital Corp. Announces Quarterly Earnings Oct 30, 2009
PVF Capital Corp.'s common stock trades on the NASDAQ Capital Market under the symbol PVFC.. PVF CAPITAL CORP. SUMMARY OF FINANCIAL HIGHLIGHTS CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Dollars in thousands) Sept. 30, June 30, 2009 2009 ------------------- ASSETS ------ Cash and cash equivalents $29,004 $21,213 Securities 57,137 50,102 Loans receivable 653,224 668,460 Loans receivable held for sale 6,428 27,078 Mortgage-backed securities 60,630 64,178 Other assets 80,658 81,178... (Primezone Releases)
Sterlite Energy to tap capital market for Rs 51,000 mn Oct 30, 2009
MUMBAI: Sterlite Energy Ltd, a wholly-owned subsidiary of Sterlite Industries, has filed a draft Red Herring prospectus with the Securities and Exchange Board of India for its proposed initial public offering aggregating to Rs 51,000 million. The company intends to use the net proceeds from the IPO to partially finance the construction and development of power projects in Jharsuguda and Talwandi. (India Times)
* US administration unveils systemic risk bill Oct 29, 2009
If approved by Congress, where industry lobbyists and Republicans were certain to push back against it in weeks ahead, the bill would form the centerpiece of a sweeping effort by Democrats to tighten bank and capital market oversight. After the worst financial crisis since the 1930s, US Treasury Secretary Timothy Geithner told a packed room of Wall Street dealers and bankers on Tuesday they could not look the US in the eye and argue that financial regulation is fine as it is. (Taipei Times, Taiwan -- World)
Eskom in $3bn WB talks Oct 29, 2009
"These alternatives are taking place," he said in answer to a question on whether government is looking to alternatives to raise money rather than saturating the local capital market. In fact, Kganyago feels that a crowding out of capital is not yet taking place in the local market, but that the lower cover ratios (of around 2. (iAfrica.com)
Teck Reports Third Quarter Results for 2009 Oct 29, 2009
Certain proceeds from asset sales, capital market transactions and/or operating cash flow subject to a minimum cash balance of C$500 million, deductions for certain environmental and reclamation obligations and funds placed in escrow, if any, to meet the next scheduled Term Facility amortization payment must be applied to the Term Facility balance in reverse order of maturity. The Term Facility is also subject to prepayment requirements in respect of proceeds from asset sales, new debt or equity... (CCNMatthews Press Releases)
Obama Financial Reforms Advance in Congress Oct 28, 2009
If approved by Congress, where industry lobbyists and Republicans were certain to push back against it in weeks ahead, the bill would form the centerpiece of a sweeping effort by Democrats to tighten bank and capital market oversight. 1. (ABC News -- Wire)
Dem Bill Urges New Powers Over Financial Firms Oct 28, 2009
Obama and Democrats have been working for months on a package of proposals to tighten bank and capital market regulation, with a key goal being to prevent a repeat of the 2008 bailouts and the political uproar that followed. "It is very important that we reach agreement on comprehensive reform as soon as possible so that we can restore confidence among American taxpayers and the world," Obama wrote in his letter to Frank. (ABC News -- Wire)
It's not the bonuses, stupid Oct 28, 2009
"Wall Street" represents a global capital market that in 2007 comprised $145 trillion in market value of stocks and bonds, less than half of which was located in the United States. This is a sophisticated marketplace in which firms compete aggressively to secure trade orders and assignments from large corporations and financial institutions. (Albany Times Union)
Longer trading hours likely to add to Mutual woes Oct 27, 2009
Last week, capital market regulator Sebi, in a circular, permitted stock exchanges to begin the day as early as 9 am and keep the market open for trading till 5 pm. Mutual fund officials said the deadline to submit NAVs will need to be extended by at least an hour-and-a-half, if the stock markets close is stretched to 5 pm. (India Times)
Africa: Green Revolution Requires Supporting Farmers, Says Agriculture Expert [interview] Oct 27, 2009
So you have 80% of the population in a sector that is not served by the private capital market. Instead of Africa having to depend perpetually on official development assistance, we believe that Africa has to leverage the huge amount of private capital in the commercial markets to work for agriculture. (allAfrica.com)
Tufco stock moves to Nasdaq Global Market Oct 27, 2009
a Green Bay contract provider of paper converting and specialty printing services and business imaging products, said its common stock has been approved for listing on the Nasdaq Capital Market under its current symbol TFCO. ... The transfer to the Nasdaq Capital Market was effective as of the opening of business Monday, Tufco (NASDAQ: TFCO) said. (Milwaukee Business Journal, WI)
Gordhan warns of higher deficit Oct 25, 2009
"I believe they will raise R20bn to R30bn on the local capital market," Roodt said. "They may have started already. And they can raise about R15bn through treasury bills to take up the short-term slack.". (Business Report, South Africa)
China launches its NASDAQ-style market in Shenzhen Oct 24, 2009
Zuo Xiaolei, chief economist with the Galaxy Securities, told Xinhua that the launch of ChiNext is a historic event in China's capital market and it defines the multi-layer development pattern of the country's capital market. "It helps connect China's innovation-oriented companies with the country's innovation growth strategy and will definitely bring influences to China's innovation economy," she said. (Xinhuanet, China)
BNP Paribas Ordered to Halt Derivatives Business in Japan for Rule Breach Oct 24, 2009
BNP Paribas has closed the Capital Market Solutions Division, which employed about seven people, and , head of the firms capital markets division in Japan, has left the firm, two people familiar with the situation said. Kawabata couldnt be reached for comment. (Bloomberg -- Japan)
China launches Nasdaq-style board Oct 24, 2009
China has raised the curtain on its long-awaited Nasdaq-style board, ChiNext, in a key step towards setting up a multi-tier capital market and giving a boost to small and medium-sized firms. Gold confetti rained down on Friday on a red ticker reading "Formally launched" in Chinese as the theme from the movie "Superman" blared in a hotel in the southern boomtown of Shenzhen, where ChiNext trade will begin on October 30. (Sydney Morning Herald -- Business)
SEBI permits extension of trading by 2-1/2 hours a day Oct 24, 2009
In a move that will give investors more flexibility but make life in the dealing room and back-office far more demanding, capital market regulator SEBI has permitted stock exchanges to begin the day as early as 9 AM and keep the market open for trading till 5 PM.. Currently, trading in stocks and equity derivatives take place between 9:55 AM and 3:30 PM. While the exchanges are yet to fix the timings, the decision to align the timings of the stock markets with other financial markets like... (India Times)
Rurban Financial Corp. Prepares for Planned Spin-off of RDSI Banking Systems Oct 23, 2009
These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking, insurance and mortgage industries, competitive factors specific to markets in which Rurban and its subsidiaries operate, future interest rate levels, legislative and regulatory actions, capital market conditions, general economic conditions, geopolitical events, the loss of key personnel and other factors. Forward-looking statements speak only as of the date on... (Primezone Releases)
We want to bring derivatives back on BSE: Dy CEO Oct 23, 2009
Incidentally, Mr Chauhan was instrumental in setting up the capital market and equity derivatives segment of NSE, among other things. ET Now caught up with Mr Chauhan for a quick chat. (India Times)
Small investors to get PSU shares 5% cheaper Oct 22, 2009
Therefore, the issue should be priced in such a manner that retail investors dont end up losing money in the capital market, one of the officials said. Share sales by the government to raise Rs 8,800 crore in the past two months in hydel power producer NHPC and Oil India saw excited interest from wealthy individuals and institutional investors, but retail participation was tepid. (India Times)
New president, new stock market, new agreement with regulators for First Chester County Oct 22, 2009
First Chester also said Tuesday that on Oct. 13 it received approval for listing on the NASDAQ Capital Market, and its stock will begin trading Friday under the ticker symbol FCEC. The company s shares trade on the OTC Bulletin Board under the same symbol ... We believe our NASDAQ listing will improve liquidity, provide additional visibility with the investment community, and strengthen our relationships with the capital markets, all which engender deeper investor support, Featherman said. (Philadelphia Business Journal, PA)
