China Advanced Construction Materials Group, Inc. (“China ACM”) a leading provider of ready-mix concrete in China, today announced that Mr. Jeremy Goodwin, member of the Board of Directors of China ACM, will present at the Second Annual Roth Capital Partners, LLC China Only Conference to be held on November 19 – 21, 2008 at the Wynn Hotel in Las Vegas. The company is scheduled to present at 9AM PT on November 21, 2008 The presentation...
Thomas Properties Group, Inc. announced today that its affiliate, TPG-Austin Portfolio Holdings LLC (TPG-Austin), for which TPGI serves as the manager, has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York (the Court) in the bankruptcy case of Lehman Brothers Holdings, Inc., et al. (Lehman Brothers). “Through this motion, we are seeking to compel Lehman Brothers to accept and honor its obligation to fund the $100...
AMB Property Corporation a leading global developer and owner of industrial real estate, announced steps taken to further strengthen the company’s financial position and to address the subject of liquidity and financial condition. “As we discussed during our third quarter call, AMB’s priorities are: first, our balance sheet; second, controlling expenses; and third, managing the business for the long term. We believe we are well-positioned...
Cogent Road, a provider of Internet-based applications for the mortgage industry, announced the launch of Business Spaces, the company’s new collaborative document management system. In addition to a fully interactive, end-to-end e-mortgage platform, Business Spaces automates work processes by delivering documents, tracking their status and notifying key workgroups of issues that may delay closing. The moment a loan officer orders a credit report,...
India Globalization Capital, Inc. a U.S. based company developing infrastructure in India through its majority-owned subsidiaries Sricon Infrastructure Private Limited (Sricon) and Techni Bharathi Limited (TBL), filed its second quarter financial results, on Form 10-Q, for fiscal year 2009, which ended on September 30, 2008. For the Quarter Ending September 30, 2008, IGC reported revenue of approximately $10.5 million versus approximately $6.8 million...
Mergers and acquisitions are shaking up the standings of the biggest mortgage originators, according to earnings data analyzed by http://www.MortgageDaily.com. Mergers will continue to reshape rankings through next year. During the third quarter, Bank of America Corp. reported more residential production than any other lender. In July, BoA acquired Countrywide Financial Corp. — which had held the title of biggest mortgage lender during most...
Fitch Ratings has assigned a rating of ‘BB’ to MGM MIRAGE’s 13% $750 million senior secured notes due 2013. MGM’s ‘BB-’ issuer default rating (IDR), ‘BB-’ senior unsecured rating, and ‘B’ senior subordinated rating were affirmed. MGM’s Rating Outlook is Negative. The $750 million issue was priced at 93.132% on October 31, 2008; a discount that resulted in a 15% yield and net proceeds...
The Federal Home Loan Bank of San Francisco today announced the election of one director to a new term on its board. The Bank’s California members have elected incumbent director Timothy R. Chrisman for a four-year term beginning January 1, 2009, and ending December 31, 2012. Mr. Chrisman is currently chairman of the Bank’s board of directors and an officer of Pacific Western Bank, San Diego, California. About the Federal Home Loan Bank of San...
San Jose Mayor Chuck Reed at a press conference today announced that the inaugural San Jose Prize for Green Vision Innovation will be awarded to the 2008 California Clean Tech Open winners. Announced last night at the Clean Tech Open’s third annual awards gala, the winners and runners up include: Over the Moon Diapers, Viridis Earth, BottleStone, Focal Point Energy, Power Assure, ElectraDrive, Porifera, NexChem, GroundSource Geo, Solar Red,...
Cedar Shopping Centers, Inc. announced that it had been advised by Homburg Invest Inc. that Homburg Invest would not proceed with the proposed joint venture for 32 properties, as previously contemplated and disclosed by the Company. While Homburg Invest had substantially completed physical, financial and legal due diligence with respect to the properties, it cited the unprecedented current events that have taken place in the U.S. capital markets...