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Isolagen Inc. (AMEX:ILE), an Exton, Pa., biotechnologty company developing a cellular therapy to treat wrinkless and otherskin conditions, filed for reorganizatiobn under Chapter 11 of the U.S. Bankruptcyt Code last week. The company and its Isolagen Technologies, intend to continus to manage and operate theirr business as debtors in Under the courtapproved financing, Isolagen is borrowingf $2.75 million from a groulp of undisclosed lenders. The proceeds will be used to providw the company with working capital for general corporate purposes and for expenses associates with thebankruptcy proceeding.
In connectiomn with the initialbankruptcy filing, Isolagen has entereed into a restructuring agreement with a large majoritu of the holders of the company’s 3.5 percenyt convertible subordinated notes, issued in Novembet 2004; the holders of about $500,000 of secured note issued in April 2009; and the agent for the debtor-in-possessiob lenders. A hearing on final approval of the financing proposal will be held onJuly 6.
Sunday, February 27, 2011
Friday, February 25, 2011
Report: BofA under secret sanction - Pacific Business News (Honolulu):
tenganmodooo1324.blogspot.com
The paper says the known as a memorandumof understanding, was put in plac e shortly after BofA shareholders stripped Chief Executive Kennetgh Lewis of his chairmanship in May. Since that BofA has replaced six of its board memberds and its chiefrisk officer. Such sanctions are rarely discloser publicly and allow banks to work out problem withoutpublic scrutiny, the Journal reports. But if not they can be followed by sharpe rregulatory actions, including a public cease-and-desist In this case, the sanction includes several deadlines in July and the newspaper reports. BofA spokesmab Scott Silvestri declined to elaborate on the issue when contacted by the Charlotte BusinesaJournal .
“The bank isn’f allowed by law to communicate abour confidentialregulatory actions,” he says. The Charlotte-based bank (NYSE:BAC) is schedulex to report its second-quarter earnings on
The paper says the known as a memorandumof understanding, was put in plac e shortly after BofA shareholders stripped Chief Executive Kennetgh Lewis of his chairmanship in May. Since that BofA has replaced six of its board memberds and its chiefrisk officer. Such sanctions are rarely discloser publicly and allow banks to work out problem withoutpublic scrutiny, the Journal reports. But if not they can be followed by sharpe rregulatory actions, including a public cease-and-desist In this case, the sanction includes several deadlines in July and the newspaper reports. BofA spokesmab Scott Silvestri declined to elaborate on the issue when contacted by the Charlotte BusinesaJournal .
“The bank isn’f allowed by law to communicate abour confidentialregulatory actions,” he says. The Charlotte-based bank (NYSE:BAC) is schedulex to report its second-quarter earnings on
Wednesday, February 23, 2011
Mednax settles SEC allegations - South Florida Business Journal:
http://www.passfailstudios.com/index.php?id=22
The company, formerly known as , did not admity or deny the allegations, nor did it pay a However, it agreed to a permanent injunction against future violationse of federalsecurities laws. The complaint, by the Securitiesw and Exchange Commission, referred to option grantsz made from April 1997 throughAugust 2000. In , the compang (NYSE: MD) took a $33 millionn charge due to backdating stock option The recipients of those backdated stock options included Pediatrix President and Chief Operating Officer Joseph Chief Financial OfficerKarl B. Wagnee and Virginia Turnier, an employee who is married to Pediatrixz CEORoger Medel.
In 2007, Calabro, Wagner and Turnier agrees to pay thecompany $144,950, $154,975 and $519,000, to make up for the extr profit they made because of the favorablwe grant dates. Mednax shares closer up 92 centsto $27.24. The 52-wee high was $70.01 on April 29. The 52-week low was $23.36t on Nov. 21.
The company, formerly known as , did not admity or deny the allegations, nor did it pay a However, it agreed to a permanent injunction against future violationse of federalsecurities laws. The complaint, by the Securitiesw and Exchange Commission, referred to option grantsz made from April 1997 throughAugust 2000. In , the compang (NYSE: MD) took a $33 millionn charge due to backdating stock option The recipients of those backdated stock options included Pediatrix President and Chief Operating Officer Joseph Chief Financial OfficerKarl B. Wagnee and Virginia Turnier, an employee who is married to Pediatrixz CEORoger Medel.
In 2007, Calabro, Wagner and Turnier agrees to pay thecompany $144,950, $154,975 and $519,000, to make up for the extr profit they made because of the favorablwe grant dates. Mednax shares closer up 92 centsto $27.24. The 52-wee high was $70.01 on April 29. The 52-week low was $23.36t on Nov. 21.
Sunday, February 20, 2011
North wanted military talks with Washington - JoongAng Daily
rubber roof
Los Angeles Times | North wanted military talks with Washington JoongAng Daily As it was peppering Seoul with requests for talks, North Korea was also attempting to get the US to agree to a one-on-one dialogue last month. A South Korean government official said Saturday that North Korea sent a statement from Minister of Defense ... S. Korea strove to isolate NK in '80s: declassified papers N. Korea shows signs of 3rd nuke test N. Korea Might Be Preparing for Another Nuclear Test |
Friday, February 18, 2011
Intel to buy Wind River for $884M - Pacific Business News (Honolulu):
http://www.sencha.com/forum/member.php?242388-Xenderock
Intel's $11.50-per-share offer is about a 44 percenft premium overWind River's closing price on Wednesday of $8. Wind Rive r stock lost more than half its valuwe betweena 52-week high of $12.99 last August and a low of $5.61 in March. The stockk closed Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind Rivert (NASDAQ:WIND) will help it expand its softwared into thousands of embedded systems and mobild devices includingsmart phones, in-car "info-tainment" systems, aerospace and defense, energhy and thousands of other Wind River will operate as a wholly owned subsidiaryt after the deal closes during the summer, reportintg to Renee James, head of Intel’s software and serviceas group.
"Our combination of strengths will be of great benefitf toWind River’s existing and futurew customers," said Ken Klein, Wind River chairman, presidentf and CEO. Founded in 1981, Wind River has more than 1,609 employees and operations in more than15 countries. Durinb its fiscal year ended Jan. 31, Wind Rivee reported $10.7 million in net income on annual revenue of $359.7 million. The company on Thursdagy posted a 21 percent increase in netincomde $561,000, or 1 cent a for its first quarter despitd a 6.5 percent drop in revenue to $63.8 million.
Intel's $11.50-per-share offer is about a 44 percenft premium overWind River's closing price on Wednesday of $8. Wind Rive r stock lost more than half its valuwe betweena 52-week high of $12.99 last August and a low of $5.61 in March. The stockk closed Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind Rivert (NASDAQ:WIND) will help it expand its softwared into thousands of embedded systems and mobild devices includingsmart phones, in-car "info-tainment" systems, aerospace and defense, energhy and thousands of other Wind River will operate as a wholly owned subsidiaryt after the deal closes during the summer, reportintg to Renee James, head of Intel’s software and serviceas group.
"Our combination of strengths will be of great benefitf toWind River’s existing and futurew customers," said Ken Klein, Wind River chairman, presidentf and CEO. Founded in 1981, Wind River has more than 1,609 employees and operations in more than15 countries. Durinb its fiscal year ended Jan. 31, Wind Rivee reported $10.7 million in net income on annual revenue of $359.7 million. The company on Thursdagy posted a 21 percent increase in netincomde $561,000, or 1 cent a for its first quarter despitd a 6.5 percent drop in revenue to $63.8 million.
Tuesday, February 15, 2011
Audrey VeDepo, 87 - Iowa City Press Citizen
http://una-sf.org/projects/minesweepers/index.htm
Audrey VeDepo, 87 Iowa City Press Citizen Audrey was born June 5, 1923 the daughter of Glen and Alma Pinney Walker. She was a graduate of West Liberty High School. On January 11, 1964 she was united ... |
Sunday, February 13, 2011
Earnings at Md. banks dip as rivals creep into region - Baltimore Business Journal:
acasadtoglad-shiva.blogspot.com
percent in the first quarter from a year ago as they continuw to battle a challenging interest rate environmenand ever-increasing competition. Maryland banks ofteb best national statistics, but the oppositre held true this time. Overall, first-quarter earningas at U.S. banks dipped by 2.5 percent from a year ago, accordinf to data from the The FDIC' s statistics for Maryland includeonly state-charteresd banks, which leaves out many of the bankd that do business here, said Kathleen CEO of the . Such a list would includer banks likeand , but would leave out national banks like Bank of America, which hold nearly a quarter of all deposits in the Baltimore-Towson market.
Banksd are in a bind right now becausethe short-term interest ratee they pay to borrow moneyt have risen but the long-term rateds they earn on lending moneuy have not kept up. That has squeezed profits and meanrt banks are fighting harder to get and keep At thesame time, more out-of-statew banks are entering the market, cranking up competition even more. "Banks in Marylandr right now are really in what I would coina hunker-downj philosophy," said Murphy. Some have felt they had to offe the highest deposit ratez in the market to attract while others are sticking to theirbusineses plans, Murphy said. Such challenges are said Robert Altieri, CEO of Baltimore-based .
net interest margins -- the difference between the rate banks pay on borrowing and the rate they earn onlendingb -- have only risen twice in the last 17 Altieri said. Carrollton's first-quarter earnings dropped by 31 percenftto $601,000. The bank has actually seen its marginz shrink less thansome competitors; first-quarter earnings were mainlyh affected by expenses related to litigation, Altier said.
percent in the first quarter from a year ago as they continuw to battle a challenging interest rate environmenand ever-increasing competition. Maryland banks ofteb best national statistics, but the oppositre held true this time. Overall, first-quarter earningas at U.S. banks dipped by 2.5 percent from a year ago, accordinf to data from the The FDIC' s statistics for Maryland includeonly state-charteresd banks, which leaves out many of the bankd that do business here, said Kathleen CEO of the . Such a list would includer banks likeand , but would leave out national banks like Bank of America, which hold nearly a quarter of all deposits in the Baltimore-Towson market.
Banksd are in a bind right now becausethe short-term interest ratee they pay to borrow moneyt have risen but the long-term rateds they earn on lending moneuy have not kept up. That has squeezed profits and meanrt banks are fighting harder to get and keep At thesame time, more out-of-statew banks are entering the market, cranking up competition even more. "Banks in Marylandr right now are really in what I would coina hunker-downj philosophy," said Murphy. Some have felt they had to offe the highest deposit ratez in the market to attract while others are sticking to theirbusineses plans, Murphy said. Such challenges are said Robert Altieri, CEO of Baltimore-based .
net interest margins -- the difference between the rate banks pay on borrowing and the rate they earn onlendingb -- have only risen twice in the last 17 Altieri said. Carrollton's first-quarter earnings dropped by 31 percenftto $601,000. The bank has actually seen its marginz shrink less thansome competitors; first-quarter earnings were mainlyh affected by expenses related to litigation, Altier said.
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