California Twilight Fans View Worldwide Phenomenon for Free as Jamba Juice Hosts 'New Moon Premiere Night' on Friday, November 20 Nov 20, 2009
Jamba, Inc. (Nasdaq: - ) is a holding company and through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE stores. Founded in 1990, Jamba Juice is a leading restaurant retailer of better-for-you food and beverage offerings, including great tasting fruit smoothies, juices, and teas, hot oatmeal made with organic steel cut oats, wraps, salads, sandwiches, and California Flatbreads(TM), and a variety of baked goods and snacks. (Yahoo! Wire -- Entertainment News)
Liberty Media Completes Split-Off and Merger with The DIRECTV Group, Inc. Nov 20, 2009
Immediately following the Split-Off, the parties completed the DTV Business Combination and each of LEI and DIRECTV have become wholly owned subsidiaries of a new public holding company named DIRECTV ("Holdings"). In the DTV Business Combination, (i) each share of LEI Series A common stock was exchanged for 1. (Yahoo! Wire -- Entertainment News)
Tatas raise Rs 600 cr from sale of DVRs Nov 20, 2009
Tata Sons, the Tata groups holding company, and Tata Steel together have sold 21% DVR stake in the groups commercial vehicle major to raise over Rs 600 crore between September and November. The Tatas were compelled to buy a large undersubscribed portion in the companys Rs 2,000-crore DVR issue in October last year. (India Times)
Banking vet leads buyers toward Baytree Nov 20, 2009
25 million of new capital into Baytree, according to an application to become a bank holding company submitted to the Federal Reserve. Baytree formed nearly a decade ago by the late Howard Adams, a co-founder of Lake Forest-based Wintrust Financial Corp. ran into serious trouble this year and is operating under a regulatory order requiring it to raise capital. (Crain's Chicago Business)
Price for American Water offering set Nov 19, 2009
In the offering, a subsidiary of German utility holding company RWE AG is selling 37 ... American Water (NYSE:AWK) of Voorhees, N.J., is the largest publicly traded water and wastewater utility holding company based in the United States, serving 15 million people in 32 states and Ontario, Canada. (Philadelphia Business Journal, PA)
Westamerica pays back TARP money Nov 19, 2009
The bank holding company on Wednesday redeemed the second half of the preferred stock it sold to the under the Emergency Economic Stabilization Act of 2008. Westamerica on Wednesday redeemed $41. (Sacramento Business Journal, CA)
Appalachian Bancshares board suspends CEO Nov 19, 2009
Jett declined to offer specifics of the inquiry, which is being conducted by the bank holding company s board of directors. Appalachian Bancshares, parent to Gilmer County Bank, Appalachian Community Bank and a federally chartered thrift, has 13 branches in Georgia, North Carolina and Tennessee. (Atlanta Business Chronicle, GA)
Bergio Designs Ring for Denzel Washington's Wife Nov 19, 2009
We have established Bergio International as a holding company for the purpose of acquiring well-established jewelry design and manufacturing firms who possess branded product lines. Additionally, Bergio intends to acquire design and manufacturing firms throughout the United States and Europe. (Yahoo! Wire -- Entertainment News)
Morgan Stanley's Mack Says He Loves Closer Scrutiny From Federal Reserve Nov 19, 2009
Nov. 19 (Bloomberg) -- Chief Executive Officer said he appreciates the increased regulation from the Federal Reserve thats come after converting to a bank holding company in the midst of the financial crisis. We have probably 15 to 20 Fed regulators in our building 24 hours a day, Mack, 65, said yesterday at the Covering the Crisis panel hosted by Bloomberg News and Vanity Fair in New York. (Bloomberg -- US)
First Banks: One in four Florida home loans under the microscope Nov 19, 2009
First Banks, the holding company for First Bank, had $10. 7 billion in assets and 209 locations in four states as of Sept. 30. (Tampa Bay Business Journal, FL)
Frost rolls out mobile-banking service Nov 19, 2009
Frost Bank is the principal subsidiary of (NYSE: CFR), a financial holding company based in San Antonio with assets of $16. 2 billion as of Sept. 30, 2009. (San Antonio Business Journal, TX)
'Next Tata group head could be an expat' Nov 19, 2009
The single largest shareholder in Tata Sons, the group's holding company, is Pallonji Shapoorji Mistry, who has an over 18% stake. The reclusive billionaire gave up his Indian citizenship in 2007 to become an Irish citizen. (India Times, India)
Troubled developer Deckelbaum resigns from OptimumBank Nov 19, 2009
The bank holding company (NASDAQ: OPHC) said in a Securities and Exchange Commission filing late Tuesday that Deckelbaum resigned for personal reasons, and not as the result of any disagreement with the company. Deckelbaum has been a director of OptimumBank Holdings since 2004, and a director of its banking subsidiary since 2000. (South Florida Business Journal, FL)
Northwest to hold community meetings Nov 19, 2009
Northwest (Nasdaq:NWSB) is offering for sale the 63 percent ownership interest currently owned by its holding company, a process that will change it from a two-tier mutual holding company to 100 percent ownership by public stockholders. The holding company s stake is valued at between $538. (Pittsburgh Business Times, PA)
Letters to the editor Nov 19, 2009
The holding company of the Sago Mine was in fact an investment by a vulture fund. CalPERS is turning out to be nothing more than a wolf in sheep's clothing when it comes to investing ethically. (Sacramento Bee -- Opinion)
Slim Says Jobs Growth Is What Matters for Economy, Not Financial Recovery Nov 18, 2009
Slim controls SA, a Mexican bank, and SAB, a holding company with industrial and retail properties. He also holds a stake of about 7 percent in New York Times Co. and provided the publisher with a $250 million loan in January. (Bloomberg -- Latin America)
Flushing Financial Corporation Declares Quarterly Dividend of $0.13 Per Share Nov 18, 2009
LAKE SUCCESS, N.Y., Nov. 17, 2009 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (Nasdaq: - ), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced that the Board of Directors declared a quarterly dividend on its common stock of $0 ... Flushing Financial Corporation is the parent holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. The Bank serves consumers and businesses by offering a full complement... (Primezone Releases)
State Bancorp, Inc. Reports Special Stockholders Meeting Results Nov 18, 2009
State Bancorp, Inc. is the holding company for State Bank of Long Island. In addition to its seventeen branches located in Nassau, Suffolk, Queens and Manhattan, the Bank maintains its corporate headquarters in Jericho. (Primezone Releases)
Simmons First Announces Closing of $64.9 Million Common Stock Offering Nov 18, 2009
Simmons First National Corporation is a multi-bank financial holding company registered under the Bank Holding Company Act of 1956, as amended. The Company is headquartered in Arkansas and conducts its business operations through eight community banks operating in 88 offices, of which 84 are financial centers, located in 47 communities in Arkansas. (Primezone Releases)
TIB 3Q loss swells on increased provision Nov 18, 2009
TIB Financial (NASDAQ: TIBB) is a Naples-based bank holding company with total assets of $1. 72 billion as of Sept. 30. (Tampa Bay Business Journal, FL)
Buffett's $48bn donation deadline Nov 18, 2009
The world's second-richest man revealed last year that five charitable foundations would gain from his shares in holding company Berkshire Hathaway. Mr Buffett told Berkshire shareholders on Thursday he wanted proceeds from his stock given to charities "within 10 years after my estate is closed". (Yahoo News -- Philanthropy and Volunteerism)
Leaders inducted into CSRA Business Hall of Fame Nov 18, 2009
Accomplishments: Turned the Bank of Thomson into Allied Bankshares, a $600 million bank holding company that was acquired by Regions Bank, Heading fundraising efforts for the Salvation Army Kroc Center. NADIA BUTLER. (The Augusta Chronicle)
SVB plans $300M stock sale Nov 18, 2009
SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries. It offers diversified financial services through , SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. (San Jose Business Journal, CA)
Electrolux headquarters leaving Augusta Nov 18, 2009
Other offices affected by the consolidation are an international sales office in Pittsburgh, the holding company office in Cleveland, financial support offices in Columbus, Ohio, and Springfield, Tenn. and a design center in Anderson, S.C.. (The Augusta Chronicle)
Chinatrust Financial to buy 30 pct of Nan Shan Nov 18, 2009
TAIPEI (AFP) - Chinatrust Financial Holding Company said Tuesday it plans to buy a 30 percent stake in Taiwan's Nan Shan Life Insurance Co. for 660 million US dollars. Taipei-based Chinatrust last month lost out in a bid to acquire Nan Shan from struggling American International Group, being beaten by a consortium led by China Strategic Holdings Ltd.. (Yahoo! Asia News)
Hancock Holding Company Announces Quarterly Dividend Nov 18, 2009
Source: Hancock Holding Company ... Nov. 17, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq: - ) today announced that the company's board of directors approved a regular fourth quarter 2009 common stock cash dividend of $0 ... Hancock Holding Company - parent company of Hancock Bank (Mississippi), Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama - had assets of approximately $6. (Primezone Releases)
Copper Mountain to be sold Nov 18, 2009
Ian Cumming is also chairman and CEO of New York-based holding company (NYSE: LUK), and has been described by Forbes as an investor who likes to buy distressed companies and take controlling interest in them. Leucadia, for example, bought insurer Colonial Penn in 1991 for $150 million, and then sold it to GE Capital Services and Conseco Inc. in 1997 for $1. (Denver Business Journal, CO)
BFC Financial loses $54M Nov 18, 2009
It bought $30 million worth of shares of Fort Lauderdale-based BankAtlantic Bancorp (NYSE: BBX) as part of the bank holding company s shareholder rights offering. That increased BFC s ownership of BankAtlantic Bancorp to 39. (South Florida Business Journal, FL)
First Banks loss widens in Q3 Nov 18, 2009
s Inc., the holding company for First Bank, lost $91 million in the third quarter, compared with a loss of $25 million a year ago. Clayton-based First Banks, which is owned by the family of Jim Dierberg, has $10. (St. Louis Business Journal, MO)
OptimumBank ordered to restate earnings Nov 18, 2009
The Fort Lauderdale-based bank holding company (NASDAQ: OPHC) said in a filing Monday that officials from the began an on-site examination at the bank on Aug. 14. Regulators told OptimumBank that they would reclassify some loans the bank had restructured and call them impaired, according to the SEC filing. (South Florida Business Journal, FL)
IPCS' largest investor opposes Sprint deal Nov 18, 2009
iPCS, Inc. is a holding company that operates as a PCS Affiliate of Sprint (Sprint) through three; Timothy BiltzChairman of the Board Timothy YagerPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago. 91. (Crain's Chicago Business)
RWE selling more American Water stock Nov 18, 2009
The offering is the latest in a series by RWE, the Germany utility holding company that is disposing of its stake in American Water, which it bought in 2003 and decided to sell in 2005 ... American Water is the largest publicly traded water and wastewater utility holding company based in the United States. (Philadelphia Business Journal, PA)
DENSO to Combine Its Business in Australia; Integrate Functions to Provide Better Customer Service Nov 18, 2009
These functions will be integrated into AAA, though DIAU will continue to be a holding company. During this same time, AAA will also change its name to DENSO Automotive Systems Australia Pty. (JCN Network, Japan)
Suitmakers in London Signal Swing to U.K. Conservatives as Brown Stumbles Nov 18, 2009
the Conservative Treasurer, supplied the party with staff worth 19,400 pounds through IPGL Ltd., a holding company controlling the ICAP Plc brokerage he founded. a spokesman for the London-based firm, declined to comment. (Bloomberg -- Europe)
First goal reached, Gingerbread House move now one step closer Nov 18, 2009
It was a month ago, on October 8, that Ed Snook, of C's Inc., the holding company that owns the Gingerbread House, gave the task force until November 15 to raise the $100,000 ... C's Inc. is a holding company owned by the Costello family, of Lewiston. (Advertiser Democrat)
Hampton Roads Bankshares Defers Dividends on TARP Preferred Stock Nov 18, 2009
NORFOLK, Virginia, Nov. 17, 2009 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (the "Company") (Nasdaq: - ), the holding company for Bank of Hampton Roads and Shore Bank, announced today that it has notified the United States Department of the Treasury (the "Treasury") of its intent to defer the payment of its regular quarterly cash dividends on its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred Stock"), issued to the Treasury in connection with the Company's... (Primezone Releases)
Sun American issues receivership warning Nov 17, 2009
The Boca Raton-based bank holding company (NASDAQ: SAMB) made the disclosure in its quarterly financial filing with the on Monday. The parent of stated that its ability to continue operating is a going concern that depends on its prospects of raising capital. (South Florida Business Journal, FL)
GMAC CEO Alvaro De Molina Steps Down Nov 17, 2009
GMAC, which became a bank holding company late last year, has received $12. 5 billion in taxpayer money and is 35 percent owned by the federal government. (ABC News -- Wire)
De Molina desert Nov 17, 2009
Yesterday, GMAC Financial Services' board of directors asked de Molina to step down as CEO and director of the troubled financial-services company, which converted into a bank holding company over the summer ... Yesterday, GMAC Financial Services' board of directors asked de Molina to step down as CEO and director of the troubled financial-services company, which converted into a bank holding company over the summer. (New York Post -- Business)
GMAC's Carpenter Plans to Build Auto Finance, Find a `Solution' for ResCap Nov 17, 2009
Carpenter was named to the in May as part of the lenders agreement to become a bank holding company. At the time, he was chairman of Southgate Alternative Investments, a firm he founded in 2007. (Bloomberg)
Greater Atlantic merger deadline extended Nov 17, 2009
However, the tender still has to obtain regulatory approval, and MidAtlantic, a new bank holding company formed by a Northern Virginia investor group, must provide the necessary funding to finance the payment of the securities. Most Read Stories. (Washington Business Journal, DC)
Berlusconi Trial Put Off Until January Nov 17, 2009
The charges stem from acquisition of TV rights by broadcaster Mediaset SpA (MS.MI), controlled by Berlusconi's Fininvest SpA [FIN.UL] holding company. Prosecutors allege Mediaset bought the rights at an inflated price from two offshore companies controlled by the prime minister. (Newsmax)
Council drops bid for Eastland Nov 17, 2009
The mall has now gone back to a holding company controlled by Miami-based. LNR, the special servicer on the loan, is owned by private-equity fund Cerberus Capital Management and was brought in last year due to imminent default, according to Fitch Ratings. (Charlotte Business Journal, NC)
Verisk Analytics, Inc. Reports Third-Quarter 2009 Financial Results Nov 17, 2009
Verisk Analytics, Inc ("Verisk") was established on May 23, 2008 to serve as the parent holding company of Insurance Services Office, Inc ("ISO") upon completion of the proposed initial public offering ("IPO"). On June 27, 2008, the company's stockholders approved certain corporate governance changes necessary to allow Verisk to proceed with a proposed IPO. On October 6, 2009, Verisk effected a corporate reorganization whereby the Class A and Class B common stock of ISO was exchanged for the... (Primezone Releases)
Horizon Bank Accepts Resignation of Chief Lending Officer Nov 17, 2009
Nov. 16, 2009 (GLOBE NEWSWIRE) -- Horizon Financial Corp. (Nasdaq: - ), the bank holding company for Horizon Bank ("Bank"), today reported that the Bank has accepted the resignation of Steven L. Hoekstra, Executive Vice President and Chief Lending Officer, on November 13, 2009 ... 30 billion, bank holding company headquartered in Bellingham, Washington. (Primezone Releases)
Vote Burney For National Player Of The Week Nov 16, 2009
Burney Nominated For National Player Of The Week Award - NORTH CAROLINA OFFICIAL ATHLETIC SITE. Burney Nominated For National Player Of The Week Award Text Message VOTE to 345345 To Select This Week's Winner. (Tarheelblue.com)
Henry Sy's SM Investments Expects to Post Record Annual Profit This Year Nov 16, 2009
Nov. 16 (Bloomberg) -- , the holding company of Philippine billionaire , will post a record profit this year as its retail, property, shopping mall and bank units grabbed market share amidst a slowing economy. may reach 15. (Bloomberg -- Asia)
American International Industries, Inc. Reports Significant Improvement in Operating Results for the Nine Months Ended September 30, 2009 Nov 15, 2009
American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International, and Berkshire Hathaway ... The holding company serves as a financial and professional partner to the management of the subsidiaries ... The role of the holding company is to improve each subsidiary's access to capital, achieve economies of scale by consolidating administrative functions, and utilize the financial and management expertise of corporate... (Primezone Releases)
Regulators close Century, Orion banks Nov 15, 2009
5 billion in assets and is the second largest financial holding company based in Louisiana. Most Read Stories. (Tampa Bay Business Journal, FL)
CIL to move SEBI for selloff rules Nov 15, 2009
"We are preparing a set of queries to take it to SEBI to seek clarity on issues before submitting the revised proposal. The queries include whether CIL, the holding company, can provide shares to the employees of its subsidiary companies," Coal India Chairman Partha S Bhattacharyya told PTI here today. "The issues are tedious and we are deliberating on these. Five of the CIL subsidiaries are highly profit-making, while two - Bharat Coking Coal Ltd and Eastern Coalfields Ltd-- are ailing for... (India Times)
Will the British Airways and Iberia Merger Lift Off? Nov 15, 2009
With runaway costs and labor disputes scuttling plenty of these deals in the past, BA and Iberia set to keep their separate brands and operating divisions under a new Spain-based holding company will need to proceed with caution. Sure, rough economic head winds and the business of turning two firms into one can give cost cutting real momentum. (Time.com)
TFS Financial Corporation Announces Fourth Quarter and Year Ended September 30, 2009 Financial Results Nov 15, 2009
CLEVELAND, Nov. 13, 2009 (GLOBE NEWSWIRE) -- TFS Financial Corporation (Nasdaq: - ) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland, today announced quarterly and fiscal year results for the periods ended September 30, 2009. Related Quotes. (Primezone Releases)
Anchor posts $72 million net loss Nov 15, 2009
Anchor has been beset with credit problems and in June voluntarily entered into a cease-and-desist agreement with the Office of Thrift Supervision that requires the bank holding company to provide the federal agency with a plan for increasing capital and improving asset quality. Through the first six months of Anchor s fiscal year, it posted a net loss of $134. (Milwaukee Business Journal, WI)
Ascent Media Corporation Announces Financial Results for Quarter Ended September 30, 2009 Nov 14, 2009
Ascent Media is a holding company that owns Ascent Media Group (AMG), a leading provider of fully integrated, end-to-end services for the digital media supply chain on a worldwide basis ... Ascent Media Corporation is a holding company and owns 100 percent of its operating subsidiary, AMG, which is primarily engaged in the business of providing content and creative services to the media and entertainment industries in the United States, the United Kingdom and Singapore ... Net cash... (Yahoo! Wire -- Entertainment News)
Southern California Skaters Ride for Free as Jamba Juice Hosts 'Skate Day' at Skatelab in Simi Valley on Saturday, November 14 Nov 14, 2009
Jamba, Inc. (NASDAQ: - ) is a holding company and through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE stores. Founded in 1990, Jamba Juice is a leading restaurant retailer of better-for-you food and beverage offerings, including great tasting fruit smoothies, juices, and teas, hot oatmeal made with organic steel cut oats, wraps, salads, sandwiches, and California Flatbreads(TM), and a variety of baked goods and snacks As of October 6, 2009, Jamba Juice had... (Yahoo! Wire -- Entertainment News)
BA, Iberia say merger a plus for passengers Nov 14, 2009
Under the preliminary deal signed off by the BA and Iberia boards late Thursday, the two carriers will continue as separate brands and operating divisions under a holding company registered in Madrid but with its main offices and primary stock exchange listing in London. BA will take the majority 55 percent stake in the holding company, TopCo Walsh suggested the unimaginative name would likely be changed over the coming year with Iberia holding the remaining 45 percent. (MSNBC -- Business)
Northwest Bancorp conversion begins Nov 14, 2009
The proposed holding company for began selling 63 percent of outstanding shares of stock on Nov. 12 as part of a reorganization from a two-tier mutual holding company to a stock holding company ... Northwest Bancorp announced in August that its board and the boards of Northwest Savings and Northwest Bancorp MHC adopted a plan to convert and reorganize as a stock-holding company. (Buffalo Business First, NY)
CIB Marine Bancshares 3Q losses widen Nov 14, 2009
CIB Marine Bancshares is a one-bank holding company with 17 banking offices in central Illinois, Wisconsin, Indiana and Arizona. On Oct. 29, CIB Marine said the federal bankruptcy court confirmed the company s pre-packaged reorganization plan under Chapter 11 of the United States Bankruptcy Code. (Milwaukee Business Journal, WI)
Farmers Insurance closing Albany office Nov 14, 2009
Farmers Group is the holding company for In July, Farmers Insurance paid $1. 9 billion to acquire s (NYSE: AIG) U.S. personal automotive group. (Albany Business Review, NY)
Canadian Stocks Rise as Gold, Energy Producers Advance; Insurers Decline Nov 14, 2009
a holding company with stakes in financial institutions, dropped 2. 5 percent after reporting earnings that missed analysts estimates. (Bloomberg -- Canada)
Research and Markets: This Essential Report on Broadcasting in the Philippines is Now Available Nov 14, 2009
The economic interest of Home Cable Inc, controlled by MediaQuest and PLDT, and shares of Central CATV Inc and Pilipino Cable Corporation (Sky Cable), controlled by the Benpres Group, were to be consolidated into a new holding company, to be initially owned equally by Home and Sky. In addition, excess convertible notes of the new holding company given to Benpres in exchange for its additional shares in Sky were to be offered to a strategic investor, which was expected to provide added value to... (Yahoo! Wire -- Entertainment News)
CNA completes $350M note offering Nov 14, 2009
CNA Financial Corporation (CNAF) is an insurance holding company. The Companys property and; Thomas MotamedChairman of the Board, Chief Executive Officer D. Craig MenseChief Financial Officer, Executive Vice President From The Lists Your resource for everything related to business in Chicago. (Crain's Chicago Business)
Synovus: Capital position strong Nov 14, 2009
-based financial services holding company that owns Birmingham's First Commercial Bank said its capital position remains strong and it is well-capitlizaed by regulatory standards. As of Sept. 30, Synovus Tier 1 Capital Ratio was 10. (Birmingham Business Journal, AL)
Regulators order Orion Bank to fire CEO Jerry Williams Nov 14, 2009
In September, the bank signed a with the Federal Reserve that in part gave the bank 30 days to hire an independent consultant to review the effectiveness of the holding company s and the bank s corporate governance, including whether the bank s senior executive officers are qualified to perform their duties ... Williams took steps to ensure that $15 million of loan proceeds were used to buy stock in the bank holding company to prop up its capital, but he told the Fed that the $15 million in... (Tampa Bay Business Journal, FL)
Going The Extra Mile For Doug Pederson Nov 14, 2009
Mn agent for Arpin Group, Inc. is the holding company for Arpin Van Lines, Arpin International Group and Arpin Moving Systems (Canada). Related Stories. (CollegeInsiders.com)
