finance

Global Financial Crisis Takes Center Stage at Socially Responsible Investment Industry Conference

ESKCSG — Tue, 21 Oct 2008 11:58:12 -0500

Industry leaders to discuss long-term impacts and opportunities of the global financial crisis. Record number of participants expected to attend the 19th annual SRI in the Rockies Conference, October 26-28, 2008

SanDisk, Record Labels Announce "slotMusic" Pre-Loaded Memory Cards

Iria — Mon, 22 Sep 2008 10:33:11 -0500

On Monday SanDisk announced a new physical music format, called slotMusic, in concert with the four major music labels: EMI Music, SONY BMG, Universal Music Group, and Warner Music Group. The new format is essentially an entire album on a MicroSD compact memory card and, according to the format's official site, retailers such as Wal-Mart and Best Buy are already lined up to stock the cards for the coming holiday season.

Tamerlane Announces Flow-Through Unit Financing

ruzik_tuzik — Thu, 21 Aug 2008 05:50:18 -0500

Tamerlane Ventures Inc. (TAM: TSX-V) announces today that, subject to regulatory approval, the Company has closed a non-brokered private placement of 500,000 Flow-Through Units at a subscription price of C$0.60 per Flow-Through Unit for gross proceeds of C$300,000. Each Unit comprised one Common Share and One-Half of One Common Share Purchase Warrant.

SEI Poll Reveals Opportunities, Demand For Ongoing Tax Management

ruzik_tuzik — Sat, 09 Aug 2008 00:39:47 -0500

An SEI (Nasdaq: SEIC) poll released today revealed that while tax management is a major concern for both investment advisors and their clients, the industry is divided on how to optimize it.

Financial Crossing Releases Independent Advisor Program

ruzik_tuzik — Fri, 08 Aug 2008 03:29:42 -0500

Financial Crossing, the leader in financial liability management solutions, has launched its Independent Advisor Program, the first turnkey program that enables financial advisors to function as personal liability managers, providing mortgage and liability analysis, planning, monitoring, and execution in real time and on an ethical and objective basis.

AirTest Announces Financing

ruzik_tuzik — Fri, 01 Aug 2008 07:19:37 -0500

AirTest Technologies (TSXV: AAT) is pleased to announce the Company is offering a non brokered private placement for securities for gross proceeds of up to $450,000. Pursuant to the terms of the private placement, the Company intends to issue up to 9,000,000 units at a price of $0.05 per unit.

Cardiome Announces Preferred Share Financing

ruzik_tuzik — Sat, 26 Jul 2008 10:05:39 -0500

Cardiome Pharma Corp. (NASDAQ: CRME/TSX: COM) today announced that it has entered into an agreement with CR Intrinsic Investments, LLC, an investment fund managed by CR Intrinsic Investors, LLC, an affiliate of S.A.C. Capital Advisors, LLC to purchase Series A convertible preferred shares for gross proceeds of US$25 million.

Century Mining Provides Update On Financing Activities

ruzik_tuzik — Thu, 24 Jul 2008 06:09:35 -0500

Century Mining Corporation (CMM: TSX-V) announced today that MRI Trading has not yet funded the $5 million tranche that it has agreed to fund in a binding agreement signed on May 30, 2008.

ARC Acknowledges Financial Exposure To SemGroup

ruzik_tuzik — Wed, 23 Jul 2008 01:04:12 -0500

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.

Positivity in older adults leads to balanced investments

harminka — Sat, 12 Jul 2008 03:02:37 -0500

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 Raises $18 Million In Series A Financing

ruzik_tuzik — Fri, 11 Jul 2008 23:27:27 -0500

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 Financing Completed

ruzik_tuzik — Fri, 11 Jul 2008 04:14:18 -0500

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.