Staying Informed

Blog posts tagged with 'new york'

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International Endesa UK Regulatory Announcement: Prospectus for the Public Offering of shares in Endesa - Thursday, November 6, 2014
NEW YORK--(BUSINESS WIRE)--ENDESA, S.A. (“Endesa”), in compliance with article 82 of the Spanish Security Markets Act (Ley del Mercado de Valores), hereby discloses the following SIGNIFICANT EVENT Following on from Significant Event no. 213708 published yesterday, please be advised that the Spanish Securities Market Commission (“CNMV”) has today registered the Prospectus for the Public Offering ...

 

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GT Advanced says SEC investigating its business - Thursday, November 6, 2014
NEW YORK – Sapphire materials maker GT Advanced Technologies, which filed for Chapter 11 bankruptcy reorganization in October, said Thursday that the Securities and Exchange Commission has opened an inquiry into its business. The company said the SEC is looking into trading in its securities, its sapphire business, and securities offerings going back to Jan. 1, 2013. The agency is asking the ...

 

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New York court upholds dismissal of $650m suit against Bernie Ecclestone - Thursday, November 6, 2014
State had minimal interest in claims against F1 chief executive They relate to sale of major stake in the motor racing business Ecclestone pays his way out of court A New York appeals court has upheld the dismissal of a $650m (£410m) lawsuit against the Formula One chief executive, Bernie Ecclestone, saying he cannot be sued in the states courts over the sale of a major stake in the motor racing ...

 

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PPG Announces Pricing for Public Offering of Senior Notes - Thursday, November 6, 2014
PPG Industries today announced that it has priced its public offering of senior notes. The offering is being made pursuant to PPG’s effective shelf registration statemen

 

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Booz Allen Hamilton Announces Sale of 10,000,000 Shares of Class A Common Stock by Affiliate of The Carlyle Group - Wednesday, November 5, 2014
Booz Allen Hamilton Holding Corporation , the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., today announced the sale of an aggregate of 10,000,000 shares of Class A common stock by an affiliate of The Carlyle Group to J.P.

 

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Fitch: Oi's Potential Sale of PT Portugal Could Prove Positive - Wednesday, November 5, 2014
NEW YORK--(BUSINESS WIRE)--The potential sale of PT Portugal SGPS, S.A. (PT) could prove positive for Oi to the extent it provides needed cash to invest and strengthen its market position in Brazil amid its suppressed cash generation, according to Fitch Ratings. The potential sale is unlikely to result in an immediate rating action, but the use of proceeds to improve Oi's long-term ...

 

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PRESS DIGEST- New York Times business news - Nov 5 - Tuesday, November 4, 2014
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Searching for a new way to attack Ebola, companies ...

 

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Agreement reached to sell 3 luxury hotels in London, New York to foreign buyer: Sahara to Supreme Court - Thursday, August 14, 2014
The Sahara group has reached an agreement with a foreign party to sell its three luxurious hotels in London and New York and a reputed foreign bank has also agreed to grant bank guarantee for Rs 5,000 crore, its chief Subrata Roy today told the Supreme Court which granted him 15 more working days to complete the process.

 

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Supreme Court grants jailed tycoon Subrata Roy more time to sell hotels - Thursday, August 14, 2014
Jailed business tycoon Subrata Roy, negotiating sale of his luxury hotels from a makeshift office in prison, was granted a 15-day extension from the Supreme Court to seal a deal and pay $1.6 billion to secure bail. Roy, head of the Sahara conglomerate, was initially given 10 working days to Aug. 19 to talk to potential bidders for his three luxury hotels, including the Grosvenor House in London ...

 

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Jailed Indian tycoon seeks more time to seal hotel deals - Thursday, August 14, 2014
Jailed Indian business tycoon Subrata Roy, working from a high-tech office in prison, has requested more time to negotiate the sale of some of his luxury hotels to help to secure bail. Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise $1.6 ...

 

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Newcastle Announces Pricing of Public Offering of Common Stock - Wednesday, August 13, 2014
Newcastle Investment Corp. announced today that it priced its public offering of 40,000,000 shares of its common stock for gross proceeds of approximately $176 million.

 

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Kimco Completes the Sale of Three Shopping Centers in Mexico - Wednesday, August 13, 2014
Kimco Realty Corp. today announced that it has sold three unencumbered retail properties in Mexico to FibraShop , a Mexican real estate investment trust , for a gross sales price of 1.5 billion Mexican pesos .

 

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Jailed Sahara chief Roy seeks more time to seal hotel deals - Wednesday, August 13, 2014
Jailed business tycoon Subrata Roy, working from a high-tech office in prison, has requested more time to negotiate the sale of some of his luxury hotels to help to secure bail. Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise $1.6 billion ...

 

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Demand for New York-Bred Horses Increases Dramatically - Tuesday, August 12, 2014
He recently retired, settling in upstate New York to launch his second career. The trend continued in Saratoga this past weekend, as Lexington, Ky.-based auction firm Fasig-Tipton ran its annual sale of New York-bred yearlings—horses between ages 1 and 2. This year, a total of $14 million was spent on 176 horses—up from $3.6 million for 94 animals in 2010. "It's been a phenomenal change, and it ...

 

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SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Emeritus (ESC) Corp. Over the Proposed Sale of ... - Friday, February 21, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Emeritus Corp.

 

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INVESTOR ALERT – LCA-VISION INC.: The Law Offices of Vincent Wong Investigates the Sale of LCA-Vision Inc. to ... - Friday, February 21, 2014
NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of LCA-Vision Inc. (NasdaqGS: LCAV)

 

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Royal Dutch Shell Sells Australian Assets For $2.6B - Friday, February 21, 2014
NEW YORK (The Deal) -- Royal Dutch Shell's $15 billion asset sale continued apace Friday as the company notched its fourth sale in under two months - and its second in as many days - with the A$2.9 billion ($2.6 billion) disposal of its Australian downstream business. Dutch oil trading company Vitol Group will take over Shell's 870 Australian gas stations, a loss making refinery as well as bulk ...

 

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EMERITUS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Emeritus (ESC) Corp. Over the Proposed ... - Friday, February 21, 2014
NEW YORK--(BUSINESS WIRE)--EMERITUS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Emeritus (ESC) Corp. Over the Proposed Sale of the Company to Brookdale Senior Living Inc. (BKD)

 

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Fitch Rates Worcester County, MD's $48.3MM GOs 'AA'; Outlook Stable - Thursday, February 20, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following general obligation (GO) bonds of Worcester County, Maryland (the county): --$48.3 million consolidated public improvement bonds, 2014 series The proceeds of the 2014 series (tax-exempt) bonds will be used to finance school renovations and additions as well as improvements to the county's water and wastewater systems ...

 

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Wilmar expands sugar reach with India's Shree Renuka deal - Thursday, February 20, 2014
MUMBAI/NEW YORK, Feb 20 (Reuters) - Singapore's Wilmar International said on Thursday it has agreed to invest up to $145 million for a major stake in India's Shree Renuka Sugars, which will give a sugar upstart a foothold in the biggest consuming nation. The transaction, which will be completed in multiple steps, will see Wilmar - the world's top palm oil processor with business interests in ...

 

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Fitch: Sustainable House Price Trend Positive for Mexican RMBS - Thursday, February 20, 2014
NEW YORK--(BUSINESS WIRE)--Mexico's relatively benign inflation environment and sustainable residential property appreciation rates are credit positives for RMBS, Fitch Ratings says. Nominal housing prices in Mexico rose 4.1% in 2013, according to Sociedad Hipotecaria Federal (SHF), a Mexican national development bank. Fitch's calculated annual real increase was 0.4% and has averaged 1.2% over ...

 

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Keane Announces Sale to Lovell Minnick Partners - Thursday, February 20, 2014
Keane, the country’s leading provider of comprehensive unclaimed property solutions, is pleased to announce that it has been acquired by Lovell Minnick Partners, a private equity firm with offices in Los Angeles, CA and Philadelphia, PA.
 
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PRESS DIGEST- New York Times business news - Feb 20 - Wednesday, February 19, 2014
The following are the top stories on the New York Times business pages. * The frenzy to acquire fast-growing technology startups reached new heights on Wednesday as Facebook Inc announced its largest acquisition ever, saying it would pay at least $16 billion for WhatsApp, a text messaging application with 450 million users around the world who pay little or no money for it. * When Federal ...

 

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SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Zale Corporation over the Proposed Sale of the ... - Wednesday, February 19, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zale Corporation for potential breaches of fiduciary duties in connection with the sale of the Company to Signet for approximately $690 million.

 

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ZALE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Zale Corporation Over the Proposed Sale of ... - Wednesday, February 19, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zale Corporation for potential breaches of fiduciary duties in connection with the sale of the Company to Signet for approximately $690 million.

 

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Wolf Haldenstein Announces an Investigation of the Proposed Sale of Supertex Incorporated to Microchip Technology - Monday, February 10, 2014
NEW YORK--(BUSINESS WIRE)--The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating whether the board of directors of Supertex Incorporated (NASDAQ:SUPX) breached their fiduciary duties in agreeing to sell the company to Microchip Technology for only $33 per share in cash. Supertex Incorporated, as of the most recent 10-Q filing for the period ending December ...

 

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INVESTOR ALERT – ATMI INC.: The Law Offices of Vincent Wong Investigates the Sale of ATMI INC. to Entegris, Inc. - Monday, February 10, 2014
NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of ATMI, Inc. (NasdaqGS: ATMI)

 

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Fitch Rates & Affirms Preferred Shares of Nuveen Pennsylvania Investment Quality Muni Fund on Merger - Monday, February 10, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings takes the following rating actions on the Variable Rate Demand Preferred Shares (VRDP shares) and MuniFund Term Preferred Shares (MTP shares) issued by Nuveen Pennsylvania Investment Quality Municipal Fund (NQP) in connection with the fund reorganizations described below: --$105,000,000 of VRDP Shares, Series 3, final mandatory redemption on Dec. 1, 2042 ...

 

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INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of Supertex, Inc. and Its Board of Directors In ... - Monday, February 10, 2014
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Supertex Incorporated (NasdaqGS: SUPX) for possible breaches of fiduciary duty and other violations of state law

 

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Ophthotech Corporation Announces Proposed Public Offering of Common Stock - Monday, February 10, 2014
NEW YORK--(BUSINESS WIRE)--Ophthotech Corporation (NASDAQ: OPHT) announced today that it has commenced an underwritten public offering of 1,900,000 shares of its common stock.

 

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Fitch Rates Minneapolis, MN's GOs 'AAA'; Outlook Stable - Friday, February 7, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to the following Minneapolis, MN (the city) general obligation (GO) bonds: --$61.2 million taxable GO bonds (Downtown East Project), series 2014. Proceeds will be used to pay for costs related to a mixed use development project. The bonds are scheduled for negotiated sale the week of Feb. 10. In addition, Fitch affirms ...

 

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New York American Water Signs Agreement for Acquisition of Mt. Ebo Water and Wastewater Systems - Monday, February 3, 2014
New York American Water today announced that it has signed agreements to purchase the Mt. Ebo Water Works, Inc. and Mt. Ebo Sewage Works, Inc. in the Town of Southeast, NY. The water system agreement now moves to the New York Public Service Commission for approval.

 

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Harvest Properties and Kinship Capital Complete Sale of The Pioneer Building in San Francisco, California - Thursday, January 30, 2014
Harvest Properties, a full service commercial real estate investment, development and management firm based in Emeryville, in partnership with Kinship Capital, a long-duration real estate investment firm, today announced the sale of their recently repositioned asset, 3180 18th Street in San Francisco, California to New York based Bridgeton Holdings for an undisclosed sum.

 

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PRESS DIGEST- New York Times business news - Jan 30 - Wednesday, January 29, 2014
* Though not a total financial loss, the announced sale of the Motorola Mobility unit for $2.91 billion to Lenovo Group Ltd , less than two years after Google paid $12.5 billion for it, is a sign of fits and starts at the company in the mobile age. * In a unanimous decision, the Federal Reserve said it would pull back on its stimulus program by another $10 billion, pointing to an improving ...

 

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Fitch Rates $237MM Wisconsin GO Bonds 'AA'; Outlook Stable - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA' rating to the following general obligation (GO) bonds of the State of Wisconsin: --$237.15 million GO bonds of 2014, series A. The bonds will be sold via competitive sale Jan. 28, 2014. In addition, Fitch has affirmed the following ratings of the state: --$7.1 billion in GO bonds at 'AA'; --$695.3 million in GO extendible municipal ...

 

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The Central Europe, Russia and Turkey Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc ... - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--The Central Europe, Russia and Turkey Fund, Inc. (NYSE:CEE), The European Equity Fund, Inc. (NYSE:EEA) and The New Germany Fund, Inc. (NYSE:GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that each Fund’s next measurement period will commence on Monday, April 7, 2014 and will expire on Friday, June 27, 2014. The measurement period is being set in ...

 

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INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of VANTAGESOUTH BANCSHARES, INC. and Its Board of ... - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of VantageSouth Bancshares, Inc. (NYSE MKT:VSB) for possible breaches of fiduciary duty and other violations of state law

 

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INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of JEFFERSON BANCSHARES, INC. and Its Board of Directors ... - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Jefferson Bancshares, Inc. (Nasdaq: JFBI) for possible breaches of fiduciary duty and other violations.

 

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Qantas Celebrates Australia Day In New York - Monday, January 27, 2014
NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Qantas yesterday, together with the Australian Consulate-General New York, Deborra-lee Furness and Hugh Jackman held an event to celebrate Australia Day in New York. Qantas Senior Executive Vice President of The Americas Vanessa Hudson said Australia Day represented the ideal opportunity to promote Australia to Americans. "As Australia's national carrier ...

 

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National Industries for the Blind Officially Designated as Administrator for New York State Preferred Source Program ... - Monday, January 27, 2014
ALBANY, N.Y., Jan. 27, 2014 /PRNewswire-USNewswire/ -- The New York State Office of Children and Family Services (OCFS) and its New York State Commission for the Blind (NYSCB) officially designated National Industries for the Blind (NIB), the nation's leading employment resource for people who are blind, as administrator of the New York State Preferred Source Program (NYSPSP) for People Who Are ...

 

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Saks Fifth Avenue to Open at Toronto Eaton Centre - Monday, January 27, 2014
TORONTO & NEW YORK--(BUSINESS WIRE)--Hudson’s Bay Company (TSX:HBC) and its wholly-owned subsidiary Saks Fifth Avenue announced today plans to open a full-line Saks store in the heart of downtown Toronto at the Hudson’s Bay flagship store at the corner of Queen Street and Yonge Street. The approximately 150,000 square-foot, multi-level Saks is planned to open in the fall of 2015 and will be co ...

 

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Chinese population in New York - Saturday, January 25, 2014
New York City has a total population of 8.2 million inhabitants – of which 3.2 million are of Chinese origin – over one-third of the total population. Chinese immigrants seldom take the low-paying jobs which most new immigrants do. As soon as their new business ventures prosper, they send for their relatives back in China. Years ago, the Chinese immigrants tended to settle in New York City’s ...

 

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BDCA Makes Direct Originated Investment in Boston Market - Friday, January 24, 2014
NEW YORK, Jan. 24, 2014 /PRNewswire/ -- Business Development Corporation of America ("BDCA"), a business development company primarily focused on senior debt investments in middle market private companies, closed on a direct originated financing transaction for Boston Market Corporation ("Boston Market"). Boston Market is a leader in the fast casual restaurant segment, with approximately 480 ...
 
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Fitch Rates Baltimore County, MD GOs 'AAA'; BANs 'F1+'; Outlook Stable - Friday, January 24, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned the following ratings to Baltimore County, Maryland (the county) general obligation (GO) bonds and bond anticipation notes (BANs): --$60 million metropolitan district bonds (76th issue), 'AAA'; --$140 million consolidated public improvement bonds - 2014 series, 'AAA'; --$84 million metropolitan district BANs - 2014 series, 'F1+'; --$116 ...
 
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Fitch Rates New York City Muni Water Finance Authority's $360MM Revs 'AA+'; Outlook Stable - Friday, January 24, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA+' rating to the following water and sewer system (the system) second general resolution (SGR) revenue bonds for the New York City Municipal Water Finance Authority (NYW): --Approximately $360 million water and sewer system SGR revenue bonds, fiscal 2014 series CC. The fiscal 2014 series CC bonds are scheduled for negotiated sale the ...

 

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New York area ready for 'mass transit' Super Bowl - Thursday, January 23, 2014
NEWARK, N.J. (AP) — For all the consternation over whether Mother Nature may or may not visit in northern New Jersey for next weekend's Super Bowl, another unpredictable force could determine whether the event turns into a transportation debacle: the football fan. The $64,000 question, beyond whether Feb. 2 will bring another storm the likes of the one that dumped nearly a foot of snow Tuesday ...
 
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A Living Legacy: HOWE Danish Design Furniture Re-launches in the US - Thursday, January 23, 2014
NEW YORK--(BUSINESS WIRE)--It all began with one man selling tables, wooden hat racks etc. – everything that folds. It was a sale of foldable banquet tables to Waldorf Astoria that became the blueprint of HOWE. Designing durable and functional furniture, Harald Howe laid the foundation for a strong, international, architect-led brand that would become well-known in both the US and Europe ...
 
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How to Deduct Marijuana Expenses - Wednesday, January 22, 2014
NEW YORK ( MainStreet ) — While Colorado stands to gain $67 million in tax revenues and $600 million in gross sales from the sale of legalized marijuana, the companies who dispense, supply, grow and distribute the plant-based drug aren't allowed to deduct most business expenses.
 
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NORTH VALLEY INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of North Valley Bancorp (NOVB) Over the ... - Wednesday, January 22, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of North Valley Bancorp for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to TriCo Bancshares in a stock deal valued at approximately $178.4 million.
 
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PRESS DIGEST- New York Times business news - Jan 22 - Tuesday, January 21, 2014
The following are the top stories on the New York Times business pages. * The giant asset manager Pimco lost its heir apparent and most prominent spokesman on Tuesday when Mohamed El-Erian unexpectedly announced that he was stepping down from the company. * Lex Fenwick, the hard-driving chief executive who stumbled in his efforts to transform Dow Jones, the publisher of the Wall Street Journal ...
 
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Lenovo restarts talks to buy IBM server unit: source - Tuesday, January 21, 2014
NEW YORK/HONG KONG (Reuters) - China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said, a purchase that would bolster its efforts to diversify beyond a shrinking PC market. A deal for IBM's x86 servers, which power corporate data centers, fits in with Lenovo's attempts to remold itself as a growing ...

 

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Capital One's Weak Results Set Up Buying Opportunity - Tuesday, January 21, 2014
NEW YORK (TheStreet) -- Capital One disappointed with a relatively weak fourth-quarter earnings report, sending the shares down over 5% on Friday, but the company is focused on a great business -- credit cards -- and its stock trades at a low multiple to peers, setting up what could be a nice entry point for investors.The company is based in McLean, Va., and tends to be lumped in with regional ...
 
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RetailNext Announces Enterprise APIs & Expanded Partner Ecosystem - Tuesday, January 14, 2014
NEW YORK, Jan. 14, 2014 /PRNewswire/ -- RetailNext, Inc., the in-store analytics market leader, announced today the release of a set of enterprise application programming interfaces (APIs) for application integration by retailers, shopping centers, and business partners, including business intelligence tools, customer relationship management (CRM) systems, marketing automation systems, and other ...
 
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INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Patient Safety Technologies, Inc. and Its Board of ... - Friday, January 3, 2014
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Patient Safety Technologies, Inc. (OTC:PSTX) for possible breaches of fiduciary duty and other violations of state law
 
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Chinese tycoon to make move to buy The New York Times - Friday, January 3, 2014
The New York Times in the hands of a Chinese owner? Shares rose this week to a five-year high at the notion of Chinese business tycoon Chen Guangbiao's reported push to buy a controlling interest in the company. Mr. Chen is reportedly going to meet a shareholder to discuss the ...
 
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TOWN Residential Report Finds Luxury Sales and High-End Condos Drove Upward Pricing Trend in Fourth Quarter - Thursday, January 2, 2014
NEW YORK--(BUSINESS WIRE)--TOWN Residential's Q4 Aggregate Report™, an analysis of Manhattan's real estate sales trends in the fourth quarter of 2013, notes upward pricing driven by the luxury and high end condo market.
 
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EpiXat to Go to Mint with e-KOINs Digital Coins in Early 2014 - Thursday, January 2, 2014
NEW YORK, Jan. 2, 2014 /PRNewswire-iReach/ -- EpiXat will release e-KOINs, a new form of both physical and digital currency, in early 2014. Each KOIN is a digital treasure chest or vault for information and a beautiful, artistic, and functional object. The first series of KOINs will be issued for sale beginning in 2014, with each series following semi-annually through 2015, 2016 and 2017. KOINs ...
 
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Lenovo to Announce New Smartphones at CES - Thursday, January 2, 2014
NEW YORK (TheStreet) -- Lenovo will introduce an updated line-up of smartphones at next week's CES gathering in Las Vegas. But don't expect to find any of them for sale in the United States anytime soon.Lenovo is the top PC manufacturer in the world. It is also second when it comes to selling smartphones in the world's largest market. In mid-2013, Samsung held first place in China with a 21 ...
 
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Chinese tycoon wants to buy The New York Times - Wednesday, January 1, 2014
An eccentric Chinese businessman with a penchant for publicity stunts is seeking to buy The New York Times Company. Chen Guangbiao, a rags-to-riches tycoon who made millions in the recycling business, said he would fly to New York on Friday to meet with a representative of The Times. With a net worth estimated at $810 million, Chen is known in China as a philanthropist -- even if his methods are ...
 
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Current publisher firmly denies the possibility of a sale - Wednesday, January 1, 2014
An eccentric Chinese businessman with a penchant for publicity stunts is seeking to buy The New York Times Company. Chen Guangbiao, a rags-to-riches tycoon who made millions in the recycling business, said he would fly to New York on Friday to meet with a representative of The Times.
 
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Tycoon wants to buy The New York Times - Wednesday, January 1, 2014
An eccentric Chinese businessman with a penchant for publicity stunts is seeking to buy The New York Times Company.
 
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[video] Legal Pot in Colorado Means Big Business for Weedmaps - Tuesday, December 31, 2013
The video this transcript is based on appeared on December 31.NEW YORK (TheStreet) -- Recreational marijuana goes on sale in Colorado beginning January 1. Justin Hartfield, CEO of Ghost Group plans to help buyers by operating Weedmaps.com, a listing and review site for dispensaries. Hartfield is keeping an eye on supply and pricing as there is concern that Colorado may sell out of its supply if ...
 
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Fitch Rates Philadelphia, PA's $105.5MM Water & Sewer Revs 'A+'; Outlook Stable - Tuesday, December 31, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the following Philadelphia, PA (the city) revenue bonds: --Approximately $105.5 million water and wastewater revenue refunding bonds, series 2014A. The city expects to sell the bonds in a negotiated sale the week of Jan. 14. Proceeds of the series 2014A bonds will refund a portion of the city's water and wastewater system ...
 
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PRESS DIGEST- New York Times business news - Dec 6 - Thursday, December 5, 2013
The following are the top stories on the New York Times business pages. * Illicit activity is rising in the virtual currency market, where there is an increasing amount of real money but few rules and even less oversight. * Two companies, Merck and Stallergenes are asking the Food and Drug Administration for approval to market tablets or liquids to treat allergies, drugs that are already ...
 
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Fitch Rates New York City, NY's GOs 'AA'; Outlook Stable - Thursday, December 5, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following New York City general obligation (GO) bonds: --Approximately $700 million fiscal 2014 series G and H. In addition, Fitch affirms the 'AA' rating for the city's approximately $40.8 billion in outstanding GO bonds. The Rating Outlook is Stable. The bonds are expected to be priced via negotiation on Dec. 10. Proceeds ...
 
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New Book by Jeff Shore Will Re-Train Your Brain for Boldness - Thursday, December 5, 2013
NEW YORK, Dec. 5, 2013 /PRNewswire/ -- Shore Consulting -- Be Bold and Win the Sale, a new book published by McGraw-Hill Professional, is a groundbreaking guide for sales professionals who want to overcome their dangerous addiction to comfort, break through boundaries and pursue peak performance in 2014. Written by nationally recognized sales trainer and prolific author Jeff Shore, Be Bold and ...
 
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Final MiFID Regulations Creating New Challenges and Opportunities for European Exchanges; TABB Says 65% of Traders See ... - Wednesday, December 4, 2013
With European Cash Equity Turnover Halved, Innovative Business Models from Data Provision to Trading Solutions Beginning to Emerge Ahead of Euronext Mid-Summer 2014 Sale. With the sale of Euronext scheduled for mid-2014, European exchanges are priming themselves for radical change. Although the full outcome of MiFID II regulation has yet to play out, TABB Group in new research says a chain of ...
 
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PRESS DIGEST- New York Times business news - Dec 4 - Tuesday, December 3, 2013
The following are the top stories on the New York Times business pages. * In a ruling that could reverberate far beyond Detroit, a federal judge held on Tuesday that this battered city could formally enter bankruptcy and asserted that Detroit's obligation to pay pensions in full was not untouchable.
 
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AdMedia Partners Advises Biggs|Gilmore in its Acquisition by VML - Tuesday, December 3, 2013
NEW YORK--(BUSINESS WIRE)--M&A firm advises digital agency in its sale to a leading global digital marketing company
 
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Newcastle Announces Public Offering of Common Stock - Monday, November 18, 2013
Newcastle Investment Corp. announced today that it plans to make a public offering of 40,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 6,000,000 shares of common stock .

 

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Rouse Properties Reports Third Quarter 2013 Results - Monday, November 4, 2013
NEW YORK--(BUSINESS WIRE)--Rouse Properties, Inc. (the "Company" or "Rouse") (NYSE:RSE) a national owner of regional enclosed malls, today announced consolidated and combined results for the three months ended September 30, 2013. "Our third quarter results reinforce the progress we are making in executing our strategic initiatives," stated Andrew Silberfein, President and Chief Executive Officer ...
 
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ANAREN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Board of Anaren, Inc (ANEN) For Possible ... - Monday, November 4, 2013
NEW YORK--(BUSINESS WIRE)--ANAREN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Anaren, Inc (ANEN) For Possible Breaches of Fiduciary Duty In Connection With Sale of the Company to Veritas Capital
 
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The Deal: Fairfax Drops $4.7B BlackBerry Bid - Monday, November 4, 2013
NEW YORK (The Deal) -- BlackBerry  is hitting reboot once again, with the troubled phone maker Monday, Nov. 4, abandoning plans to sell itself and sacking its CEO after major shareholder Fairfax Financial Holdings walked away from a proposed $4.7 billion buyout. Waterloo, Ont.-based BlackBerry said Fairfax instead would invest $250 million in a $1 billion convertible debentures sale. Fairfax in ...
 
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Fitch Rates Texas' $177MM Water GOs 'AAA'; Outlook Stable - Monday, November 4, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AAA' rating to the following State of Texas general obligation (GO) water financial assistance bonds: --$20,000,000 water financial assistance refunding bonds, taxable series 2013D (state participation program); --$15,095,000 water financial assistance refunding bonds, taxable series 2013E (economically distressed areas program); --$27 ...
 
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Vertical Search Works and Prime Content Launch Newest Millennial Fashion Hub ‘TheStyleFix.com’ - Monday, November 4, 2013
NEW YORK--(BUSINESS WIRE)--Vertical Search Works and Prime Content launch a powerful fashion destination and video franchise, The Style Fix (http://thestylefix.com/).
 
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Fitch Rates Charleston County, SC's Special Source Revs 'AA'; Outlook Stable - Friday, November 1, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of 'AA' to the following revenue bonds of Charleston County, South Carolina (the county): --$89,630,000 special source revenue bonds, series 2013. A negotiated sale is scheduled for Nov. 19. Proceeds will finance certain transportation improvements in the county and capitalized interest. More specifically the county will issue the ...
 
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The New York Times Company Completes Sale of Its New England Media Group to John W. Henry - Thursday, October 24, 2013
The New York Times Company announced today the completion of the sale of its New England Media Group to an acquisition company owned by John W. Henry, the principal owner of Fenway Sports Group, for $70 million in cash, subject to customary adjustments.
 
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Shellpoint Opts for Whole Loan Sale - Tuesday, October 22, 2013
NEW YORK--(BUSINESS WIRE)--Shellpoint Partners LLC announced that it is withdrawing the Shellpoint Asset Funding Trust (“SAFT”) 2013-2 securitization (offered under Rule 144A) in favor of selling the underlying whole loans
 
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Goldman Sachs Announces Sale of Majority Stake in Rothesay Life - Tuesday, October 22, 2013
The Goldman Sachs Group, Inc. today announced the sale of a majority stake in its UK pensions insurance business Rothesay Life. Funds managed by Blackstone and GIC each acquire 28.5% of the shares, with MassMutual acquiring a 7% holding.
 
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NTS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of the NTS, Inc. (NTS) Board of Directors Over ... - Monday, October 21, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NTS, Inc. for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Tower Three Partners LLC in a cash deal valued at approximately $83 million.
 
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Morgan Stanley India Investment Fund, Inc. Announces Commencement of Tender Offer - Monday, October 21, 2013
Morgan Stanley India Investment Fund, Inc. announced today the commencement of a tender offer by the Fund to acquire in exchange for cash up to 10 percent of the Fund’s outstanding shares at a price equal to 98.5 percent of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires .
 
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The Turkish Investment Fund, Inc. Announces Commencement of Tender Offer - Monday, October 21, 2013
The Turkish Investment Fund, Inc. announced today the commencement of a tender offer by the Fund to acquire in exchange for cash up to 10 percent of the Fund’s outstanding shares at a price equal to 98.5 percent of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day immediately following the day the offer expires .
 
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Rich Dad Education to Hold Half-day Workshop with Investor’s Business Daily in New York City on Sunday, October 27 - Monday, October 21, 2013
Rich Dad Education in collaboration with Investor’s Business Daily, one of the world’s leading financial news and research organizations, will be offering New York City residents the opportunity to attend a free half-day “Mastering the Market Workshop” for one day only, Sunday, October 27, 2013 at The Affinia Hotel. (PRWeb October 21, 2013) Read the full story at http://www.prweb.com/releases ...
 
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2K Announces WWE® 2K14 Downloadable Content and Season Pass Program - Monday, October 21, 2013
NEW YORK--(BUSINESS WIRE)--2K today announced details surrounding downloadable content and a Season Pass program for WWE® 2K14, the forthcoming release in the flagship WWE video game franchise. The content offering, slated to include an extensive variety of playable WWE Superstars, Divas and Legends, will be available for the Xbox 360 games and entertainment system from Microsoft and ...
 
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How the iPad And the Cloud Are Helping Small Business - Monday, October 21, 2013
NEW YORK (TheStreet) - More and more small retailers are turning their Apple iPads into cash registers through cloud-based software, which in turn is feeding into higher store sales.According to the latest data from ShopKeep's Small Business Insights Center, bricks-and-mortar businesses that use the company's point-of-sale (POS) software, experienced 20% growth in same-store sales in the third ...
 
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New York City hotspot for sale: A Sandy-damaged former women's prison - Penn Live - Saturday, October 19, 2013

Washington Post

New York City hotspot for sale: A Sandy-damaged former women's prison
Penn Live
New York City hotspot for sale: A Sandy-damaged former women's prison. Superstorm Womens Prison. In this Sept. ... NEW YORK — On a recent morning on the west side of Manhattan, Wendy Featherstone showed off a prime piece of real estate that many New ...
Sandy-damaged prison to be sold in NYC hotspotSacramento Bee

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JPMorgan sells New York building to Chinese firm for $725 million - CNN - Friday, October 18, 2013

JPMorgan sells New York building to Chinese firm for $725 million
CNN
JPMorgan Chase has sold the One Chase Manhattan Plaza skyscraper to Fosun International for $725 million, the latest in a series of New York real estate purchases by Chinese investors. The purchase was disclosed ... It's not yet clear whether the ...


 

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DGT Holdings Reports Preliminary Fiscal 2013 Fourth Quarter And Fiscal Year Financial Results And Accelerated ... - Friday, October 18, 2013
NEW YORK, Oct. 18, 2013 /PRNewswire/ -- DGT Holdings Corp. (OTCBB: DGTC) ("DGT Holdings" or "The Company") today announced preliminary, unaudited financial results for its fiscal 2013 ...

 

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Exclusive: Motorola looking to exit wireless LAN business - sources - Friday, October 18, 2013
NEW YORK - Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.
 
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Cornerstone Total Return Fund, Inc. Announces Record Date for Rights Offering - Friday, October 18, 2013
NEW YORK, NY--(Marketwired - Oct 18, 2013) - Cornerstone Total Return Fund, Inc. ( NYSE MKT : CRF ) (the "Fund") announced today that it has fixed the close of business on October 28, 2013 as the record date for determination of stockholders entitled to participate in the Fund's 1-for-3 rights offering. Each stockholder will receive one non-transferable right for each share of the Fund held as ...

 

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Cornerstone Strategic Value Fund, Inc. Announces Record Date for Rights Offering - Friday, October 18, 2013
NEW YORK, NY--(Marketwired - Oct 18, 2013) - Cornerstone Strategic Value Fund, Inc. ( NYSE MKT : CLM ) (the "Fund") announced today that it has fixed the close of business on October 28, 2013 as the record date for determination of stockholders entitled to participate in the Fund's 1-for-3 rights offering. Each stockholder will receive one non-transferable right for each share of the Fund held ...

 

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MAC-GRAY CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mac-Gray Corporation (TUC ... - Friday, October 18, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mac-Gray Corporation for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CSC ServiceWorks, Inc.

 

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More fizz for the cider business in New York - alloveralbany - Friday, October 18, 2013

More fizz for the cider business in New York
alloveralbany
More fizz for the cider business in New York. posted Oct 18 ... The Farm Cideries bill authorizes the establishment and licensure of farm cideries for the manufacture and sale of cider made from crops grown in New York State and would exclude licensed ...

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New York Lawmakers Take Aim At iPhone Black Market - Huffington Post - Friday, October 18, 2013

New York Lawmakers Take Aim At iPhone Black Market
Huffington Post
Two New York state lawmakers introduced legislation Friday that would make it illegal for businesses to sell used smartphones without proof of ownership. The bill introduced ... Authorities later found the phone for sale on Craigslist for $400. “It's ...
Psst! Wanna buy a smartphone? Got papers!VentureBeat

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New York Lawmaker Pushes Bill to Thwart Phone Theft - Friday, October 18, 2013
In New York, it’s not uncommon for someone to get their phone snatched right out of his hands on the subway, in the middle of Candy Crush Saga, by a hot-footed thief. New York State Senator Jeffrey D. Klein wants to curb the practice, according to the New York […]

 

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Disney once again considering sale of local TV stations - New York Post - Thursday, October 17, 2013

Disney once again considering sale of local TV stations
New York Post
Disney's ABC-affiliated stations are in larger markets, including New York, Los Angeles and Chicago, and reach roughly 23 percent of US TV households. The is not the first time ... “The station business is better than it's been in a decade,” Bank said ...


 

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The Deal: Wet Seal Sale Awaits as Turnaround Continues - Thursday, October 17, 2013
NEW YORK (The Deal) -- Wet Seal , the teen apparel retailer, will continue its turnaround efforts for the next six months and then eye a sale of the company, said a source familiar with the situation.  Those recent turnaround efforts include increasing square footage through new store openings, particularly in outlet stores, and launching a plus-size apparel offering.  Though some of those ...

 

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New Enterprise Stone & Lime Co., Inc. Announces 2014 Second Quarter Earnings Conference Call - Thursday, October 17, 2013
New Enterprise Stone & Lime Co., Inc., a leading privately held, vertically integrated construction materials supplier and heavy/highway construction contractor in Pennsylvania and western New York and a national traffic safety services and equipment provider, announced that it filed its Form 10-Q Quarterly Report for the second quarter ended August 31, 2013 with the Securities and Exchange ...

 

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Former SCA-North America Leader Buys Morcon Tissue Converter - Wednesday, October 16, 2013
Morcon, Inc., owner of tissue, towel and napkin converting facilities in Upstate New York and South Carolina, has announced the sale of its business to longtime paper industry executive Joseph F.

 

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Assessing a Business's Mistakes in a Case of Credit Card Fraud - New York Times (blog) - Wednesday, October 16, 2013

New York Times (blog)

Assessing a Business's Mistakes in a Case of Credit Card Fraud
New York Times (blog)
Earl Wilson/The New York Times Susan Parker: “I have to put tighter controls in.” At the most recent She Owns It business ... Ms. Parker declined to state the amount of the sale for publication but said it was “significant.” Many stores in the prom and ...


 

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Monster High, Barbie boost to Mattel's 3Q results - The San Luis Obispo Tribune - Wednesday, October 16, 2013

The San Luis Obispo Tribune

Monster High, Barbie boost to Mattel's 3Q results
The San Luis Obispo Tribune
FILE - In this Thursday, July 25, 2013, file photo, women with their children visit Barbie toys on display for sale at the Kids Fun Expo in Beijing. Mattel, which manufactures Barbie toys, reports quarterly earnings on Oct. 16, 2013. ... By MAE ...

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Art Market Veterans Announce New Business Ventures - New York Times (blog) - Wednesday, October 16, 2013

Art Market Veterans Announce New Business Ventures
New York Times (blog)
ArtsBeat - New York Times Blog. October 16, 2013, 8:00 am. Art Market Veterans Announce New Business Ventures. By LORNE MANLY. Sensing a business opportunity in the opaque marketplace of the art world, a fledgling company wants to offer the due ...


 

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Steve Berkowitz - New York Times - Tuesday, October 15, 2013

Steve Berkowitz
New York Times
We do all the data, from rentals to new homes to listings to estimates to user-generated content. We get information from the Multiple Listing Services. Q. Are you making an effort to get more New York City listings? A. Absolutely. The National ...


 

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Intel Reports Earnings Drop as Its Industry Changes - New York Times - Tuesday, October 15, 2013

New York Times

Intel Reports Earnings Drop as Its Industry Changes
New York Times
“They weren't the ones to define the new computing reality. The world ... I.B.M., which reports its own quarterly results on Wednesday, is widely rumored to be looking at a sale of its server business, so it can concentrate on cloud-based software and ...

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New York Times goes global by rebranding IHT - Tuesday, October 15, 2013
IMPRESSIVE: The first edition of today’s issue of the International New York Times on sale at a news stand in Paris. The New York Times Co. has rebranded its Paris-based daily, the International Herald Tribune, as the International New York Times.

 

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Bravern apartment sale sets record for Puget Sound region - Puget Sound Business Journal (Seattle) - Tuesday, October 15, 2013

Bravern apartment sale sets record for Puget Sound region
Puget Sound Business Journal (Seattle)
Seattle-based Schnitzer West and Investcorp of New York sold the two-tower residential project, which has a total of 455 units. Public records list the buyer as Bravern ... It was King County's biggest real estate sale of 2010. Microsoft leases the ...

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Yahoo! Rises on Earnings Beat, Reduced Alibaba Sale - Tuesday, October 15, 2013
NEW YORK (TheStreet) -- Yahoo! shares rose 0.9% to $33.69 after the Internet giant posted results that beat Wall Street expectations. For the third-quarter, Sunnyvale, Calif.-based Yahoo! reported earnings of 34 cents a share on $1.081 billion in revenue, as search revenue excluding traffic acquisition costs (TAC) rose 3% year-over-year to $426 million. Analysts surveyed by Thomson Reuters ...

 

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Insight: Three years on, Fed keeps BoA-Merrill waiting on commodity trade - Tuesday, October 15, 2013
By David Sheppard NEW YORK (Reuters) - In May 2010, one of Wall Street's biggest banks went to the Federal Reserve with a seemingly straightforward request: permission to expand its physical commodity operations through specialized power contracts. The regulator had already given rivals the go-ahead for such "tolling" arrangements that allowed long-term business deals with electricity plants ...

 

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Fitch Rates Suffolk County, NY's GO Bonds 'A'; Outlook Negative - Tuesday, October 15, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'A' rating to the following Suffolk County, NY (the county) bonds: --$61,675,000 public improvement serial bonds - 2013 series B. The bonds are expected to be sold through competitive sale on Oct. 17. The bonds are being issued to fund various capital projects. In addition, Fitch affirms the following rating: --Approximately $1.4 billion of ...

 

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MAC-GRAY SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Mac-Gray Corporation (TUC) Over the ... - Tuesday, October 15, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Mac-Gray Corporation for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CSC ServiceWorks, Inc.

 

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Mintz Levin Attorney Jeffrey A. Moerdler Honored by Riverdale Jewish Community Relations Council for Community Service - Tuesday, October 15, 2013
NEW YORK--(BUSINESS WIRE)--Jeffrey A. Moerdler, head of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.’s Real Estate and Communications practices in New York, has been selected by the Riverdale Jewish Community Relations Council to receive its 2013 Community Service Award. Mr. Moerdler will be honored at the organization’s 28th Annual Legislative Breakfast on October 20 in Bronx, New York ...

 

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Citigroup Reports Third Quarter 2013 Earnings Per Share of $1.00; $1.02 Excluding CVA/DVA1 and Tax Benefit2 - Tuesday, October 15, 2013
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. (NYSE:C) today reported net income for the third quarter 2013 of $3.2 billion, or $1.00 per diluted share, on revenues of $17.9 billion. This compared to net income of $468 million, or $0.15 per diluted share, on revenues of $13.7 billion for the third quarter 2012. CVA/DVA was a negative $336 million in the third quarter ($208 million after-tax ...

 

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BDA Advises Norwest Equity Partners on Sale of Longwood to Wabtec - Monday, October 14, 2013
Business Development Asia (“BDA”) is pleased to announce that, with its strategic partner William Blair & Company, BDA advised Longwood Industries, Inc. (“Longwood”), a portfolio company of Norwest Equity Partners (“NEP”), in the sale of Longwood to Westinghouse Air Brake Technologies Corp (“Wabtec”). Longwood is a leading manufacturer and distributor of specialty [PR.com]

 

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Auven Therapeutics Announces AstraZeneca’s MedImmune Acquires Antibody-Drug Conjugate Company Spirogen and Invests in ... - Monday, October 14, 2013
LAUSANNE, Switzerland & LONDON & ST THOMAS, U.S. Virgin Islands & NEW YORK--(BUSINESS WIRE)--Auven Therapeutics today announced that its strategic investment in the ADC field has been validated by the sale of its platform technology portfolio Company Spirogen to AstraZeneca’s MedImmune.

 

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Crowdfunding Offers Increased Investment Choices - Monday, October 14, 2013
NEW YORK CITY-A small change in the federal securities laws contained within the Jumpstart Our Business Startups Act and for which the Securities and Exchange Commission proposed a new Rule 506(c) under Regulation D on Aug. 29, 2013 will change the way in which real estate investments are sold and financed because it allows for the nationwide advertising and sale of interests in real estate and ...

 

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City buys 1st Sandy-damaged home - Crain's New York Business - Saturday, October 12, 2013

City buys 1st Sandy-damaged home
Crain's New York Business
Mr. Bloomberg indicated that the property will be redeveloped with more resilient housing stock and put up for sale. Profits will go into a fund to help other storm victims. It is part of a city-run, federally-funded program called NYC Build it Back ...

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Record-Setting Diamond Sale Shows Appetite for Luxury in Asia - New York Times - Monday, October 7, 2013

Record-Setting Diamond Sale Shows Appetite for Luxury in Asia
New York Times
The latest auction series “puts Hong Kong among the strongest auction markets in the world,” alongside London and New York, said Nazy Vassegh, chief executive of Masterpiece London, an international art, antiques and design fair that takes place in the ...

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New York probes rights sale of World Trade Center name - Joplin Globe - Monday, October 7, 2013

7Online.com

New York probes rights sale of World Trade Center name
Joplin Globe
ALBANY, N.Y. — New York is expanding its probe nationwide into the 1980s sale of the rights to the name “World Trade Center” to a nonprofit for $10, resulting in millions of dollars in fees for use of the name in 28 states, according to an official ...
NY probes rights sale of World Trade Center nameMiamiHerald.com

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MongoDB Raises $150 Million To Become New York's Most Important Tech ... - Forbes - Friday, October 4, 2013

MongoDB Raises $150 Million To Become New York's Most Important Tech ...
Forbes
That sale is the biggest exit for New York technology company to date. Along with Kevin Ryan, DoubleClick's former CEO, Merriman also founded Gilt Groupe and Business Insider. In an interview over the summer, DoubleClick cofounder Kevin O'Connor ...


 

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Russia's Abramovich Buying New York Home for Record $75M – Reports - RIA Novosti - Friday, October 4, 2013

Daily Mail

Russia's Abramovich Buying New York Home for Record $75M – Reports
RIA Novosti
If Abramovich seals the deal, the $75 million price tag would set a new record sale price for a co-op in New York, outstripping the $54 million paid by music and movie mogul David Geffen last year for another Fifth Avenue property. The Manhattan ...
Roman Abramovich & Dasha Zhukova Buying New York Apartment For $75 MillionJewish Business News

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More work needed to resolve repo fire sale risk, says NY Fed's Dudley - Chicago Tribune - Friday, October 4, 2013

More work needed to resolve repo fire sale risk, says NY Fed's Dudley
Chicago Tribune
NEW YORK (Reuters) - Participants in the $5 trillion repurchase agreement market need to work harder to develop solutions that reduce the risks the market poses to financial stability, or regulators may need to intervene, New York Federal Reserve Bank ...

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In Formula One, a Grip Not Easily Loosened - New York Times - Friday, October 4, 2013

New York Times

In Formula One, a Grip Not Easily Loosened
New York Times
His power was entrenched by a controversial deal in the late 1990s under which the sport's governing body assigned him ownership of the Formula One commercial rights for 100 years for a small fraction of what investment analysts said they were worth ...

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Twitter's IPO Plan Has an International Focus - New York Times - Friday, October 4, 2013

New York Times

Twitter's IPO Plan Has an International Focus
New York Times
In its documents for the most anticipated stock sale since Facebook went public last year, the company noted that it was targeting Argentina, France, Japan, Russia, Saudi Arabia and South Africa for faster growth than in the United States. The company ...
Twitter launches countdown to $1bn IPOFinancial Times

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PRESS DIGEST- New York Times business news - Oct 4 - Reuters - Thursday, October 3, 2013
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Twitter , which was built on messages so short they ...

 

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Online retailer Fab chops another 101 jobs - Crain's New York Business - Thursday, October 3, 2013

Online retailer Fab chops another 101 jobs
Crain's New York Business
Just months after slashing over 100 workers in Berlin, e-commerce site Fab announced Thursday that it will lay off 101 more staffers—including 84 in New York. ... "While accelerating our path to profitability, we've made the tough but correct decision ...

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Fitch Rates St. Petersburg, FL Public Utility Revs 'AA'; Outlook Stable - Thursday, October 3, 2013
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' to the following St. Petersburg, Florida (the city) revenue bonds: --$25 million public utility system (the system) revenue bonds, series 2013C. The bonds are expected to sell via competitive sale the week of October 21. Proceeds will be used to fund various water and sewer rehabilitation and replacement capital improvements, make a ...

 

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NeoStem Announces Proposed Public Offering of Common Stock - Thursday, October 3, 2013
NEW YORK -- NeoStem, Inc. ("NeoStem" or the "Company"), a leader in the emerging cellular therapy industry, today announced that it intends to offer for sale shares of its common stock ...

 

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First Superstorm Sandy home buyout set to close in New York - Thursday, October 3, 2013
By Barbara Goldberg NEW YORK (Reuters) - Even when Superstorm Sandy killed their neighbors and flooded their house, Frank and Mary Lettieri vowed to stay in the Staten Island, New York, home where they raised five children. But with a popular home buyback program set to close on its first house on Thursday and nearly the entire neighborhood fleeing, the self-declared holdouts are starting to ...

 

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Cem Koray Joins Perella Weinberg Partners as Managing Director - Thursday, October 3, 2013
Perella Weinberg Partners today announced that Cem Koray has joined the Firm as a Managing Director in its Advisory business. Based in New York, Mr. Koray will work closely with Pa

 

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LOT Celebrates with Big Winter Fare Deals to Poland and Double Miles Promotion - Thursday, October 3, 2013
NEW YORK and CHICAGO, Oct. 3, 2013 /PRNewswire/ -- To celebrate its first year with the B-787 Dreamliners and its 40th anniversary of flying between JFK and Warsaw, LOT is offering a winter sale in its Economy, Premium Economy and Business Class beginning Oct. 3 through Oct. 11, 2013 for...

 

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Fuel From Landfill Methane Goes on Sale - New York Times - Thursday, October 3, 2013

New York Times

Fuel From Landfill Methane Goes on Sale
New York Times
The new fuel is also cheaper than diesel fuel and it provides the companies some insulation from the geopolitics that can drive up petroleum prices. But because of its source, the fuel ... “It's gotten to be a very important part of the sale.” John ...

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Barnes & Noble Announces a Book Season Like No Other: Strongest Book List in Years with Great Reads from Bestselling ... - Thursday, October 3, 2013
NEW YORK--(BUSINESS WIRE)--Barnes & Noble, Inc. (NYSE:BKS), one of the nation’s largest booksellers and the leading retailer of content, digital media and educational products, today announced the list of must-have books for the Fall and Holiday season, with Barnes & Noble booksellers across the country calling this the most exciting Fall book season in years. With new books from bestselling ...

 

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Hyatt Union Square New York Recognized by Fodor’s; Honored as One of the Best Hotels in World - Wednesday, October 2, 2013
Hersha Hospitality Trust , owner of upscale hotels in urban gateway markets, today announced the Hyatt Union Square New York Hotel has been incl

 

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Manhattan apartment sales spike - Crain's New York Business - Tuesday, October 1, 2013

Manhattan apartment sales spike
Crain's New York Business
As a result, there was a surge in the sale of one-bedrooms and co-ops, which tend to be the apartments of choice for first-time homebuyers. A full 62% of the transactions during the third quarter were sales of co-ops, which tend to be priced lower than ...

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Campbell to sell European business for $541 million - New York Business Journal - Tuesday, October 1, 2013

Campbell to sell European business for $541 million
New York Business Journal
In fiscal 2013, the Campbell businesses included in the proposed sale generated annual net sales of about $530 million. Campbell said it expects the transaction, which still needs to be approved by European regulators, to be completed in the fourth ...

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Pitney Bowes Completes Sale of its Management Services Business to Apollo Funds for $400 Million - Tuesday, October 1, 2013
Pitney Bowes Inc. today announced the successful completion of the sale of Pitney Bowes Management Services for $400 million in cash to funds affiliated with Apollo Global Management, LLC .

 

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New York Realty Boutique Now Offering Personalized Service for Those Looking to Find Particular Offices for Sale in ... - Tuesday, October 1, 2013
New York Realty Boutique is now providing personalized assistance for businesses that need to purchase or lease specific office space in New York City or Manhattan. (PRWeb October 01, 2013) Read the full story at http://www.prweb.com/releases/2013/10/prweb11174715.htm

 

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Port Authority: $10 WTC name rights sale shameful - Crain's New York Business - Thursday, September 19, 2013

Port Authority: $10 WTC name rights sale shameful
Crain's New York Business
Port Authority: $10 WTC name rights sale shameful. Officials remain unclear about who at the Port Authority of New York and New Jersey signed off on a decades-old deal to sell a nonprofit rights to use the World Trade Center name to a nonprofit.

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IAC considering Daily Beast sale after Brown exit - Crain's New York Business - Thursday, September 12, 2013

Wall Street Journal

IAC considering Daily Beast sale after Brown exit
Crain's New York Business
"We're always looking at the best options for all of our businesses," said Justine Sacco, a spokeswoman for New York-based IAC. Shares of IAC, an Internet holding company that includes Ask.com and Match.com, fell 0.5% to $52.92 at 10:19 a.m. in New York.
Tina Brown to Leave The Daily Beast and PublishingNew York Times (blog)
IAC Said to Be Considering Daily Beast Sale After Brown ExitBloomberg
Tina Brown to exit Daily Beast by year's endNew York Post

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