Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Financial Federal Corporation
Wednesday, November 25th, 2009Business Wire, Nov 24, 2009
NEW YORK — Attorney Advertising. Notice is hereby given that Stull, Stull & Brody
has commenced an investigation on behalf of shareholders of Financial
Federal Corporation (Financial Federal or the Company) (NYSE: FIF)
for possible breaches of fiduciary duty and other violations of state
law in connection with an agreement by the Companys Board of Directors
to sell all of the Companys outstanding shares of common stock to
Peoples United Financial, Inc. (Peoples United) (Nasdaq: PBCT) in a
stock and cash transaction valued at approximately $738 million, or
$27.74 per Financial Federal share.
If you own common stock of Financial Federal and wish to obtain
additional information about this matter, please contact Stull, Stull &
Brody at the toll-free number listed below. Stull, Stull & Brody has
litigated many class actions for violations of securities laws and
breaches of fiduciary duties on behalf of defrauded investors over the
past 40 years and has obtained court approval of substantial settlements
on numerous occasions.
The current investigation concerns the price to be paid by Peoples
United to Financial Federal shareholders and the process by which
Financial Federals Board of Directors is addressing the transaction
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Insurers Boost State Economy by $30.1 Billion
Tuesday, November 24th, 2009Business Wire, Nov 23, 2009
New Report Outlines Economic Impacts of Insurance in the Golden State
LOS ANGELES — California has a $1.85 trillion economy that ranks it as a global
financial power, thanks in part to a multi-billion dollar boost from the
property/casualty insurance industry, according to a new report.
In 2007, insurers contributed $30.1 billion to Californias gross state
product, accounting for about 2 percent of the states GDP.
The report, written by the Insurance
Information Institute and available on the Insurance
Information Network of California Web site, found that:
-
Property and casualty insurers provide approximately 300,000 jobs in
California, accounting for $21 billion in compensation. -
In 2008, property and casualty insurance claims payments totaled $32.8
billion in California. -
California collected $2.17 billion in premium taxes in 2008, nearly 15
percent of the national total. -
Nationally, the property/casualty insurance industry contributed $333
billion to the $14.2 trillion gross domestic product in 2007.
From auto insurance to homeowner insurance to business insurance,
insurers provide millions of Californians with a blanket of security
underwriting risks and contributing to the states economic engine.
The III is recognized as the national leader in information, analysis
and referral concerning the insurance industry. IINC is non-profit and
non-lobbying trade association dedicated to helping the public
understand insurance and manage risk. For more information, please visit
the IINC Web site. You can also follow IINC on Twitter at http://www.twitter.com/iinc
and on Facebook at http://companies.to/iinc.
NuEarth Completes Purchase of Anviron
Tuesday, November 24th, 20090 Comments | Wireless News, Nov 24, 2009
The NuEarth Corp., a marketer of “Clean & Green” products and technology, announced the completion of the purchase of Anviron Corp.
Over the past six months, Anviron and NuEarth have been negotiating with several large channel distribution Companies for the sale, marketing and distribution rights for the Anviron product lines, the Company noted in a release. In order to best develop these wholesale and retail markets, on 3 May 2009 Anviron entered into the sale of its assets to NuEarth Corp. “This reorganization will allow Anviron to focus on its core international business, and allow NuEarth Corp. to focus on building a retail and wholesale market for our products,” said Steve Young acting CEO for NuEarth Corp.
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“As the final completion of the conditions of the purchase agreement negotiated between the Companies, NuEarth Corp
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HCL Technologies and Savvion Announce Global Alliance
Tuesday, November 24th, 2009Business Wire, Nov 24, 2009
Partnership Enhances HCL Offerings, Increases Savvions Presence in
APAC and India
NOIDA, India — HCL
Technologies Limited (HCL), a leading global IT services provider,
today announced its strategic partnership with Savvion,
the trailblazing business process management company to extend its
service focus into the Business
Process Management (BPM)** space.
Through this partnership, both companies will now be able to help
customers implement and optimize business processes across the
organization. The BPM solutions enable visibility into extremely
critical business processes such as order management, onboarding new
clients and releasing & supporting products, with an ability to track
and measure these processes in real-time. This leads to elimination of
inefficient processes and ensures informed decision making.
By adopting BPM, the enterprises can augment their ability to support
key business processes and obtain a competitive advantage, says
Ramakrishna V., Senior Corporate Vice President & Global Head Enterprise
Application and Transformation Services (EAS & ETS). With Savvions
partnership we are now well positioned to be a leader in the BPM space.
Through our enhanced BPM service offerings, we wish to expand our
services across verticals with special focus on Financial Services,
Media, Publishing and Entertainment, Government and Retail.
Our partnership with HCL not only increases our base in several key
vertical markets, but further exposes Savvion to customers in the
booming India and APAC regions, said Dr. M.A
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Your right to have a say about health
Tuesday, November 24th, 20090 Comments | Evening Gazette (Middlesbrough, England), Nov 21, 2009
TEESSIDE patients are being urged to have their say on maximum NHS waiting times and access to regular health checks.
If plans to create legal rights are given the go-ahead it will mean that from April 1 2010, patients will have the legal right to start treatment with a consultant within 18 weeks of GP referral, and to be seen by a cancer specialist within two weeks of GP referral.
If the NHS is unable to meet this commitment it will be required to take all reasonable steps to find an alternative provider.
In addition, everyone aged 40 to 74 will have the right to an NHS Health Check every five years.
The plans are set out in the NHS Constitution: A consultation on new patient rights.
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The consultation welcomes views on dentistry, evening and weekend access to GPs, personal health budgets and the ability to choose to die. To find out more visit www.tees.nhs.uk and click on MY NHS or send comments to: NHS Constitution Team, Richmond House, 79 Whitehall, London, SW1A 2NS before February 5.
Pacquiao hits out over romantic rumours
Thursday, November 19th, 20090 Comments | AFP, November, 2009
MANILA (AFP) Manny Pacquiao on Wednesday brushed off rumours his marriage was on the rocks amid reports the Philippine boxing superstar flew a starlet to Las Vegas to watch him win a record seventh world title.
In an interview aired over local television station ABS-CBN as he prepared to fly home to a hero’s welcome after taking Miguel Cotto’s World Boxing Organisation welterweight title in Las Vegas, the Pacman sidestepped the issue.
Pacquiao, 30, instead admonished the local press to report his achievements in the ring, “not the private lives of people”.
“I hope they honour the achievements that I have won for my fellow Filipinos,” he said.
The glow from Saturday’s one-sided contest has been partly tarnished by reports that Pacquiao stayed in a different…
Citi Survey Finds Boston Residents Making Significant Spending and Savings Changes but More Optimistic Than the Rest of the U.S. That Economic Circumstances Will Improve
Thursday, November 19th, 2009Business Wire, Nov 18, 2009
More than Half Have Postponed Major Purchases; 40% Have Taken Money
Out of Savings or Investments to Help Pay Expenses; One-Third Working
Longer Hours to Make Ends Meet
Boston Women Optimistic About the Future, But Still Cutting Back
BOSTON — A new survey released today by Citi
revealed that Boston-area residents are more optimistic about their own
personal finances and local business conditions than the nation as a
whole. In response to current economic concerns, however, Boston-area
residents continue to make dramatic changes in their personal behavior
and financial planning, including 51% who have postponed the purchase of
a major item such as an automobile or other expensive item, 40% who have
taken money out of savings or investments to help pay expenses and
one-third of Boston area residents (33%) are working longer hours to
make ends meet.
Compared to national
survey data released by Citi in September 2009, key findings from
Citis Boston survey illustrate:
-
Forty-eight percent of Boston residents believe that the countrys
economic conditions have a ways to go before hitting bottom, an
assessment not nearly as bleak as the 63% at the national level. -
Sixty-five percent of Bostonians expect that local business conditions
will become much or somewhat better over the next 12 months, compared
to 57% nationally who believe business conditions will get better in
their area. -
This optimism also is felt at the micro-level, with 68% of Boston
adults optimistic that their own financial situation will improve in
the next year, compared to 65% nationally.
Despite this growing feeling of optimism, Boston residents still
expressed significant concerns about the state of todays economy. Only
28% of Bostonians rate the economy in their area as excellent or good,
while 72% describe the local economy as only fair or poor; this figure
compares with 22% of national survey participants that rate the economy
as excellent or good.
Nearly three in ten (29%) Boston area residents cite the cost of health
care as the element of Americas economy that worries them most today,
with 22% expressing greater concern with the amount they pay for
necessities such as food and gasoline.
At Citi, we are committed to understanding our customers needs and
community concerns, said Citi Chief Executive Officer Vikram
Pandit. With these insights, we will work with community leaders,
elected officials and organizations throughout Massachusetts and the
Greater Boston area to identify how we can together best help provide
assistance and relieve the economic pressures individuals and families
are facing.
'We need migrant workers' plea
Wednesday, November 18th, 20090 manifesting abundance Comments | Daily Post; Liverpool (UK), Nov 17, 2009 | by Anonymous
THE Prime Minister’s plans to put a squeeze on migrant workers will deprive UK businesses of the best talent, Law Society officials have warned.
Gordon Brown announced a number of professions have already been removed from a Gover nment-approved list of shortage occupations which the UK needs, with many more to be removed before the end of the year.
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But the Law Society has warned that, with shortages of skilled workers in many professions and the decision to restrict recruitment of skilled workers outside of the EU, the move will undoubtedly affect UK businesses. Law Society president, Robert Heslett, said: “The UK, especially in a time of economic crisis, needs to attract the most experienced and talented individuals in order for it to have any hope of retaining its competitiveness in the international market.”
Fatter men weight to take action
Wednesday, November 18th, 20090 Comments | Daily Mirror, The; London (UK), Nov 16, 2009 | by Anonymous
IRISH men are fatter than women but reluctant to do anything about it, new research has revealed.
A study by the Nutrition and Health Foundation shows even though 44% of Irish men are overweight and 22% are obese, they are less motivated to shed the pounds.
The statistics revealed that only 15% of Irish men felt like they needed to lose weight.
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NHF manager malabsorption Dr Muireann Cullen said: “Given the emphasis on promoting weight control as a means of preventing obesity, it is important to gain a better understanding of weight-related concerns, weight loss and weight maintenance practices among the population.”
Orc Software: SinoPac Securities Selects Orc to Enhance Its Trading Capabilities in Asia
Monday, November 16th, 2009Business Wire, Nov 16, 2009
HONG KONG & SYDNEY & TOKYO — Regulatory News:
Orc Software (STO:ORC), the leading global provider of technology for
advanced trading and connectivity solutions, today announced that the
Taiwan-based financial institution SinoPac Securities (Asia) Limited is
using Orcs Trading and Connect solution to enhance its regional trading
capabilities. The order was booked in Q3, 2009, and the contract is
based on Orcs licensing subscription model.
SinoPac Securities (Asia) Limited is the business arm of the Taiwan
Stock Exchange-listed company SinoPac Financial Holdings. SinoPac
Securities (Asia) Limited engages in various financial businesses
including brokerage service, proprietary trading and underwriting
business. It has 49 branch offices in Taiwan and established
subsidiaries in Hong Kong, Shanghai and London. It aims to establish the
best comprehensive regional platform, develop its wealth-management
business, and become one of the most influential Chinese securities
firms in the Pacific Rim.
Orc Software is pleased to provide SinoPac Securities (Asia) Limited
with an advanced trading solution that accelerates its business growth,
says Dennis Chen, Sales Director, Orc Software, Asia Pacific. Orc
Trading empowers SinoPac to trade both cash and derivatives markets in
Hong Kong and Taiwan, providing a strong base for its future business
development in Asia using leading edge trading technology.
To capture the significant market potential in Asia, we need to enhance
our overall trading capabilities. We chose Orc Software because of its
extensive regional reach, ultra-fast market gateways and its rich
functionality. We are especially impressed with Orcs expertise in
formulating and implementing a reliable solution that best fits our
business requirements within a tight timeline, says William Su,
Director and Head of Proprietary Trading Division, SinoPac Securities
(Asia) Limited.
Orc Trading provides the competitive edge to trade from a single
platform capable of running thousands of complex trading strategies
simultaneously. Orc Trading is used by financial firms worldwide for
enhanced trading, pricing and risk management on electronically traded
instruments.
Orc Connect is the global financial industrys leading connectivity
solution. Orc Connect provides traders and brokers with fast, reliable
access to liquidity pools, both for market members and non-members, in
the critical areas of execution, market data and reference data.
About Orc Softwares revenue modelStandard agreements follow Orcs
licensing subscription model, a flexible approach designed to streamline
the customer on boarding process and provide ease of access to software
updates, together with a mature support framework. Customers are
invoiced quarterly, in advance, and revenue allocated to the invoicing
period.
data storage software About SinoPac Securities (Asia) LimitedEstablished in 1994,
SinoPac Securities (Asia) Limited is a 100% owned subsidiary of SinoPac
Financial Holdings and is registered with the Securities and Futures
Commission (CE No: ACD026) to engage in securities trading. SinoPac
Securities (Asia) is also one of the Exchange Participants on the HKEx