ARC Resources Ltd. a subsidiary of ARC Energy Trust has a potential exposure of $26.2 million from oil sales for the months of June and July 2008 to SemGroup, L.P.'s subsidiary, SemCanada Crude Company for the marketing of a portion of ARC's oil production.

The economic and psychological term known as “sunk-cost fallacy” is a bias that leads someone to make a decision based solely on a previous financial investment.

iPipeline announced the completion of its $18 million Series A financing led by NewSpring Capital of Radnor, Pa., and Fidelity Ventures of Boston. iPipeline's management team also participated in this financial venture.

Baymount Incorporated (TSX Venture: BYM) is pleased to announce that its wholly-owned subsidiary Belleville Racetrack Development Corporation has closed its construction financing to build the new Quinte Exhibition and Raceway. The Construction Loan is for $14.2 million plus capitalized interest during the construction period and it bears interest at prime with a term of 15 years.

The global Spanish-language Portal, starMedia, announced today the launch of starMedia Finanzas, a new channel service dedicated to providing the most current and comprehensive international financial summary. The channel is the second of three newly featured services which starMedia previously announced it would launch in 2008.

In an effort to promote financial literacy among high school students, California Check Cashing Stores and NetSpend Corporation, one of the leading providers of prepaid solutions in the United States, are teaming up to offer a one-hour program on the basics of personal finance to northern California high school students.

John Hancock Funds is making available on its web site a complimentary, eight-page Emergency Checklist brochure that investors may download and print, as a way to help prepare for emergencies.

X-Terra Resources Corporation (XT-TSXV) has repriced its previously announced 5 million units proposed financing (see June 9, 2008 news release). The new terms of the proposed financing are a maximum of five million Units of the Company at a price of $1.00 per unit, for maximum gross proceeds to the Company of $5.0 million.

PSS Systems, the leader in legal holds and retention management solutions, announced it secured $18 million in equity financing led by FTVentures. The company's existing investors, including Lightspeed Venture Partners, Azure Capital, Granite Ventures, and Cipio Partners, all renewed their investment in the company.

DBRS has today unveiled its new Leveraged Finance rating methodology, which will be applied in rating all speculative-grade corporate debt going forward. DBRS uses its traditional credit ratings, plus its newly introduced recovery ratings, to capture an issuer's risk of default as well as the impact of default on that issuer's various debt classes. Full details are available in the report, "DBRS Rating Methodology for Leveraged Finance," available on DBRS's website.

With the 2008 hurricane season officially underway, consumers are beginning to stock up on bottled water, batteries, canned food, flashlights and other critical supplies to prepare for a hurricane or other natural disaster. Where they may fall short is preparing themselves financially, says the American Financial Services Association Education Foundation (AFSAEF).

Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced that the Exegy Ticker Plant now automatically includes Financial Futures as part of its expansive functionality package, has launched a feedhandler for the Chicago Mercantile Exchange (CME), and is now co-located at four U.S. trading venues and at London Docklands.