LandAmerica Moves Forward

LandAmerica Financial Group, Inc. announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. (“Fidelity”) has been terminated. Under the agreement, Fidelity had sole discretion to terminate on or before November 21, 2008. LandAmerica Chairman and Chief Executive Officer Theodore L. Chandler, Jr. said, “We are disappointed with Fidelity’s decision; however, our attention... 

Fidelity National Financial, Inc. Announces the Termination of Definitive Merger Agreement with LandAmerica Financial Group, Inc.

Fidelity National Financial, Inc. announced the termination of its definitive merger agreement with LandAmerica Financial Group, Inc., pursuant to its contractual due diligence termination right. Fidelity National Financial, Inc. is a leading provider of title insurance, specialty insurance, claims management services and information services. FNF is one of the nation’s largest title insurance companies through its title insurance underwriters... 

GFI Energy Ventures LLC Completes Sale of NORESCO to Carrier Corp.

GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed... 

Homburg Invest Inc. announces acquisition of 13,127,042 shares by Homburg Group

Mr. Homburg also noted that HII previously announced on 15 October 2008, that it had acquired regulatory approval to launch a normal course issuer bid. HII does not feel that current market prices reflect the underlying value of HII and therefore has acquired regulatory approval to acquire 10% of Class A Shares and up to 5% of Class B Shares. Under the Exchange Rules and Policies, Homburg Invest is entitled to purchase up to a maximum of 47,538 Class... 

Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.

Starwood Land Ventures announces the formation of CoStar Land LLC, a joint venture partnership established to channel $75 million toward development opportunities in the 23-county Atlanta metro service area. CoStar marries the strengths of Starwood Land Ventures and Cold River Development, a holding company whose subsidiaries specialize in land development in Georgia and the Carolinas. “This is an exciting joint venture arrangement because it... 

Merrill Corporation Earns Top-Tier Position in Am Law 13th Annual Technology Survey

Merrill Corporation, a leading global provider of technology-enabled services for the legal, financial, health care, real estate and other corporate markets, announced that its electronic data discovery (EDD) solution, including consulting, forensics investigation, data acquisition, processing and Merrill’s Lextranet® case management and review tool, earned a top-tier position in the Am Law 13th Annual Technology Survey of Am Law 200 firms. “We’re... 

Carrier Acquires Noresco to Expand Energy Solutions Capabilities

Carrier Corp., the world’s largest provider of heating, ventilation, air-conditioning and refrigeration solutions, and a unit of United Technologies Corp. has acquired Noresco, a leading independent energy services company. The acquisition was completed on Nov. 20. Terms of the deal were not disclosed. Established in 1984, Noresco has implemented thousands of efficiency and infrastructure upgrade projects that reduced energy and water consumption... 

China Advanced Construction Materials Group Hires Gene Hsiao as Chief Financial Officer

China Advanced Construction Materials Group, Inc. a leading provider of ready-mix concrete in China, today announced the hiring of Gene Hsiao, CPA, as Chief Financial Officer and Vice President of Finance. Mr. Hsiao has extensive experience in both finance and management positions. Prior to joining China ACM, Mr. Hsiao was the Director of Finance and Consulting Manager at Milligan & Company, LLC, where he was responsible for audit and compliance... 

Pasal Development: Consolidated Earnings After Taxes of EUR 2.6 mn for the 9M 2008

PASAL Development S.A. announces that consolidated earnings after taxes and minority interest for the 9M 2008 amounted to 2.6 mn euro compared to 6.0 mn euro in 2007. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 3.5 mn euro compared to 10.1 mn euro in 2007, while consolidated earnings before taxes amounted to 1.3 mn euro compared to 8.6 mn euro the respective period of last year. The reduction is mainly due to... 

RSC Holdings Inc. Appoints Vice President of Managed Services

RSC Holdings Inc. (NYSE:RRR ) announced the promotion of Gordon McDonald to the position of Vice President of Managed Services. In this new role, he will be charged with supporting the recent success of the proprietary Total Control® equipment management software. The unique product is gaining market share among industrial companies, by offering cost savings and transparency to equipment rentals. “Gordon has thirty years leadership experience...