NEW YORK, NY -- (MARKET WIRE) -- 12/01/09 -- Fresh Harvest Products, Inc. (OTCBB: FRHV) is pleased to announce a completed Letter of Intent ("LOI") to acquire the assets of a 12+ year old privately held purveyor of organic and natural frozen foods, located in Washington state. The company has in excess of $1 Million dollars in revenues and the Company's products are distributed to retailers across the USA, including Kroger (certain regions), H-E-B, Albertson's (certain regions), and the largest natural food retailer in the US.
"This strategic addition will advance our vision of creating a dominant natural and organic products company," said Michael Jordan Friedman, CEO of Fresh Harvest. He continued, "Acquiring a brand with revenues of over $1 Million dollars is a significant step towards our aggressive growth strategy and a step in the right direction for our future. This acquisition will increase Fresh Harvest's distribution base and revenues. We also believe this acquisition will enhance our shareholders' value as we seek to grow and expand our brands."
The LOI is subject to the completion of due diligence by both parties, at which time a definitive acquisition agreement will be completed. Fresh Harvest anticipates closing the acquisition within 60 days.
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. is a natural and organic food and beverage company. Fresh Harvest offers a line of organic snack products and beverages, which include health bars, coffee bars, and salsa under the Wings of Nature(TM) name and beverages under the TeAloe(TM) name. In addition, Fresh Harvest provides a grocery product line, which includes several varieties of whole bean and ground coffees, and beverages. We sell our products through specialty and natural food distributors to stores, specialty supermarkets and retailers. Fresh Harvest Products, Inc. is headquartered in New York City. Additional information is available at www.freshharvestproducts.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to Fresh Harvest Products, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's periodic reports and other filings made with the U.S. Securities and Exchange Commission, including its Annual Report for the year ending October 31, 2008 filed on Form 10K. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.
Contact Michael J. Friedman CEO & Chairman Fresh Harvest Products, Inc. investorrelations@freshharvestproducts.com
LISLE, Ill.--(BUSINESS WIRE)-- (NYSE: DCS) Claymore Dividend & Income Fund (the "Fund"), a non-diversified closed-end management investment company, as a part of its continuing efforts to increase shareholder value, is offering to purchase up to approximately 45% of the Fund's outstanding common shares in exchange for a pro-rata portion of the Fund's portfolio securities, subject to certain adjustments, at 99.5% of the net asset value ("NAV") per common share. The NAV will be determined at of the close of the regular trading session of the New York Stock Exchange on the trading day immediately after the day the tender offer expires (the "Tender Pricing Date").
The in-kind tender offer will commence on December 1, 2009. The offer will expire at 11:59 p.m., Eastern Time, on January 4, 2010 (the "Expiration Date"), unless the offer is extended. The Tender Pricing Date is expected to be January 5, 2010. The offer is being made upon the terms and subject to the conditions set forth in the Offer to Repurchase, which will be mailed on or about December 1, 2009 to record holders of common shares as of November 24, 2009.
This announcement is not a recommendation, an offer to purchase or a solicitation to sell any securities of the Fund. The Fund has filed with the Securities and Exchange Commission a tender offer statement on Schedule TO under the Securities Exchange Act of 1934, as amended, relating to the Offer. Common shareholders of the Fund should read the tender offer statements carefully as they will contain important information on the Fund and the tender offers. Shareholders may obtain further information regarding the in-kind tender offer at the SEC's website at http://www.sec.gov, the Fund's website, www.claymore.com/dcs, or from BNY Mellon Shareowner Services, as the information agent for the in-kind tender offer, by calling (800) 777-3674, between the hours of 9:00 a.m. and 6:00 p.m., Eastern Time, Monday through Friday (except holidays).
Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as the Fund's Investment Adviser. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management or servicing on approximately $13.3 billion in assets, as of September 30, 2009. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. Further information is available at www.claymore.com/cef.
Manning & Napier Advisors, Inc. serves as the Fund's interim Investment Sub-Adviser. Manning & Napier has been a registered investment adviser since 1970. For more than 35 years, Manning & Napier has focused on managing clients' investments through a variety of market conditions, including five bear markets. The firm managed approximately $19 billion for individuals, corporations, defined benefit pension plans, 401(k) choice plans, Taft-Hartley accounts, endowments, foundations and municipal retirement plans as of June 30, 2009. It remains an employee-owned firm, with 100% of the firm owned by full-time employees.
There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Investment Risk, Equity Risk, Preferred Securities Risk, Income Risk, Value Investing Risk, Interest Rate Risk, Inflation Risk, Lower-Grade Securities Risk, Foreign Securities Risk, Derivatives Risk, Illiquid Securities Risk, Fund Distribution Risk, Market Discount Risk, Industry Concentration Risk, Other Investment Companies Risk, Non-Diversified Status Risk, Financial Leverage Risk, Management Risk, , Current Developments Risk, Anti-Takeover Provisions, and Market Disruption Risk and AMPS Risk.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.
Member FINRA/SIPC (12/09)
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
Source: Claymore Securities, Inc.
DENVER, Dec. 1 /PRNewswire/ -- Devotees of LaMar's Donuts can now place advance orders, download Internet-only coupons, and view a behind-the-scenes photo gallery of how LaMar's treats are made by hand, thanks to a brand-new Web site at www.LaMars.com.
Developed by Denver-based Vanguard Communications, LaMar's public relations and Web marketing firm since 2000, the new site offers increased user-friendly and practical features such as a faxable order form for each LaMar's location and an interactive map for navigating to the closest LaMar's in any of six states.
And for a mouthwatering experience, site visitors can experience virtual donut making through an interactive gallery of some two-dozen photographs.
"The online experience will almost convince you that you're enjoying the aroma of hot, fresh donuts coming straight out of the kitchen," said Jami Blair, LaMar's Marketing Director. "Even if you enjoy a fresh LaMar's Donut nearly every day, this Web site will likely have you salivating for your next one."
In the nearly 50 years since the first LaMar's opened in Kansas City, LaMar's Donuts have become one of the most critically acclaimed donuts in the nation. Here is how the Rocky Mountain News described the experience: "Bite into a barely fried LaMar's glazed raised and the light-golden exterior collapses into a creamy pleasure. Just enough chewing is involved to make this a superior doughnut."
About LaMar's Donuts
Founded in 1960 by Ray Lamar in Kansas City, the first LaMar's Donuts grew to national fame in part due to the long lines of customers that formed every morning at its door, as well as TV appearances by Ray Lamar and his gourmet donuts on NBC's The Tonight Show and on The Food Network, among other productions. Since franchises became available in the 1990s, LaMar's Donuts has grown to 27 locations in six states: Alabama, Arizona, Colorado, Kansas, Missouri, and Nebraska. LaMar's Donuts have been recommended by Zagat's Survey, the New Yorker and Gourmet Magazine, and were chosen in the summer of 2008 as one of America's five best donuts by AOL Cityguide. More information is at www.lamars.com.
SOURCE LaMar's Donuts
A New Hotel Beacon Shines in Shenzhen
CHICAGO--(BUSINESS WIRE)-- Hyatt Hotels & Resorts announced today the opening of Grand Hyatt Shenzhen, the newest addition to its world class Grand Hyatt portfolio. A part of the prestigious City Crossing complex, Grand Hyatt Shenzhen is the only luxury hotel in Shenzhen in a mixed-used commercial development. It is located alongside MixC, the city's largest shopping mall, which houses the greatest number of international luxury brand retailers in China, an Olympic-sized skating rink, and Park Lane Manor, the most exclusive residential property in Shenzhen.
Located in Luohu District - Shenzhen's financial and trading center - Grand Hyatt Shenzhen is only a five-minute drive from the Hong Kong border and Luohu Station, 10 minutes from the Shenzhen Convention & Exhibition Center, 20 minutes from Huanggang Port, and approximately 40 minutes from Shenzhen International Airport.
The hotel is housed in a distinctive 38-story crested building, where the top seven glass-encased floors create an illuminated 'lantern' at nightfall, offering magnificent, panoramic views of Shenzhen, the CRC Building, the iconic 384-meter-high Diwang Building, one of the tallest buildings in China, and the green mountains of northern Hong Kong. With mezzanine floors creating multi-story open shafts, the lantern is a dynamic entertainment hub at the building's summit, housing the contemporary art-filled Sky Lobby, the only sky lobby in Shenzhen, as well as many of the hotel's innovative dining destinations.
Restaurants and Bars
At the very top of Grand Hyatt Shenzhen, on the 38th floor, The Penthouse is a sophisticated 109-seat venue comprised of multiple residence-inspired areas offering myriad experiences in a single setting. These experience-focused areas include a Living Area with a DJ booth, a Kitchen featuring a teppan hot plate, a Balcony, a Terrace, and an illuminated Bar serving premium spirits, wines, champagne and cocktails as well as imported cheese and charcuterie. Also available is a glass-walled, temperature-controlled cellar, featuring a large wine and single malt selection, which can be booked as a private room. Directly below on the 37th floor, Belle-Vue is a European restaurant where classic Western cuisine is prepared a la minute on 10 tableside cooking stations. Guests can opt to dine in the Library, the Oval Room or in one of two private rooms.
China Lodge, located on floors 35 and 36, is comprised of 14 premium private dining suites, which cater to parties between eight and 22 guests. Menus are customized using the freshest seasonal ingredients, prepared in traditional Cantonese and Northern Chinese style, and complemented by an extensive wine and tea selection.
On the 33rd floor, adjacent to the Sky Lobby, The Lounge is Grand Hyatt Shenzhen's main gathering space and will offer refreshments, light snacks and evening cocktails throughout the day. On the floor below, The Show Kitchen offers four distinctive open kitchens - Asian, Japanese, Western and Seafood - allowing guests to dine among the live culinary action creating an interactive restaurant experience. The venue seats 226 and includes a 10-seat private room.
1881, located on the ground floor is a contemporary, but casual, 169-seat venue with four private dining rooms. Equipped with wood-fired duck ovens, 1881 offers a unique 'dining in the kitchen' atmosphere with a specialty in Northern Chinese cuisine, serving dishes such as Peking duck, beggar's chicken and dumplings.
Nearby, La Terrazza is a stylish 158-seat trattoria featuring an outdoor terrace and a rustic wood-fired pizza oven, serving made-to-order pizza as well as handmade pasta and traditional Italian antipasti. Adjacent is Sugar Box, a patisserie with alfresco seating, offering homemade chocolates, cakes, pastries and light meals.
Meetings and Events
Grand Hyatt Shenzhen's dedicated event space spans 2,769 square meters (29,805 sq ft) over three floors and offers a variety of venue options, and can cater from eight to 1,410 guests. The 1,000 square meter (10,764 sq ft) pillar-less Grand Ballroom on the 2nd floor features a colossal nine-meter high ceiling, and can be divided into three soundproof sections, each with its own sound and lighting control rooms.
The Salon du Theatre, translating to 'show kitchen', is one of the first meeting spaces of its kind in the area. Measuring 468 square meters (5,038 sq ft), the pillar-less ballroom incorporates an open show kitchen where up to 16 chefs can perform live culinary action in view of guests, for a unique banqueting experience. Salon du Theatre can cater up to 645 guests, theatre-style, or 360 guests for a banquet. With both ballrooms, pre-event cocktails can be taken on private outdoor terraces.
For organizers of more intimate, exclusive events, The Mansion on the ground floor and 1st floor is a unique, split-level venue covering 1,000 square meters (10,764 sq ft) that has been designed to resemble a stately home. Events can also be held in any of the six private rooms or in the loft kitchen, which all benefit from natural light.
Recreation
After a productive day of meetings, guests may wish to work off the stresses of the day or the calories consumed in the Fitness Centre. Located on the 3rd floor, the gym is equipped with the latest exercise machines from the United States, which feature individual touch-screen consoles where you can watch TV or connect an iPod(R) for music and movies. The consoles feature a Virtual Trainer or private trainers are available on request. Nearby is a 25-meter heated outdoor pool, alongside a sun deck and poolside bar. Also available are locker rooms featuring hydrotherapy areas with whirlpools and steam rooms.
Those who enjoy a more leisurely approach to unwinding may prefer Shui Xiang, a Hyatt Pure(TM) spa, also on the 3rd floor. Shui Xiang translates as 'water village' and the expansive 3,132 square meter (33,713 sq ft) spa has been created in traditional open-air hutong (Chinese courtyard residences separated by narrow alleyways) style, with 13 individual spa 'houses' circling a central water feature. The majority of the houses feature private outdoor terraces. Each spa suite contains a private lounge area, bathroom, shower room and therapist's pantry.
Nine of the suites feature private steam rooms with a heated treatment bed and four have outdoor bathtubs. There is also a foot reflexology area with three private rooms.
Accommodation
After a relaxing treatment, guests will be more than ready to retire to one of the hotel's 491 contemporary guestrooms (including 53 suites and 48 long-stay serviced apartments), decorated in plush, rich-toned fabrics and carpeting. Ranging in size from 46 to 328 square meters (495 to 3,531 sq ft), all rooms feature floor-to-ceiling picture windows to best capture the views of Hong Kong's lush mountains or the hustle and bustle of downtown Shenzhen.
The highlight of the guestroom is the spacious, spa-style marble bathroom, housing an over-sized rain-shower and separate bathtub. When privacy is desired, the bathroom's glass sliding doors frost over, automatically, when closed. Equally hi-tech is the main room, which is equipped with automatic time-controlled curtains, a self-contained workstation with wireless, high-speed Internet access, a multi-channel 40-inch LED television and DVD player, an iPod(R) docking station, and dual phone-lines with voicemail.
Those travelers who require more exclusive accommodation may opt for one of the hotel's Grand Club rooms spanning floors 22 to 31, which allow access to the Grand Club Lounge on the 25th floor. Grand Club guests are offered complimentary continental breakfast, all-day refreshments, evening canapes, and cocktails, as well as one-hour complimentary use of a private boardroom.
"We are very pleased to introduce the Grand Hyatt brand to this vibrant city," says General Manager Peter Chau. "With our advantageous location and eight innovative and exciting restaurants and bars, we hope to redefine the art of dining and entertainment in Shenzhen, while establishing our hotel as the favored gathering point for local residents and international guests alike. We hope to attract discerning guests who have an appreciation for authentic cuisine offered in a dramatic, but comfortable, setting, and Grand Hyatt's level of sincere and friendly service, provided by a team of passionate employees."
Hotel Information Grand Hyatt Shenzhen 1881 Baoan Nan Road, Luohu District Shenzhen, Guangdong, People's Republic of China 518001 Tel: +86 755 8266 1234 Email: shenzhen.grand@hyatt.com
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family in 45 countries strive to make a difference in the lives of the guests they encounter every day, by providing authentic hospitality. The company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt(R), Park Hyatt(R), Andaz(TM), Grand Hyatt(R), Hyatt Regency(R), Hyatt Place(R) and Hyatt Summerfield Suites(TM) brand names and have locations under development on five continents. Hyatt Vacation Ownership Inc, a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club(R) brand. As of September 30, 2009, the company's worldwide portfolio consisted of 415 properties. For more information, please visit www.hyatt.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6111631&lang=en
Source: Hyatt Hotels & Resorts
Lay's Classic potato chips, Post Shredded Wheat, and Uncle Ben's rice among them
YONKERS, N.Y., Dec. 1 /PRNewswire-USNewswire/ -- Did you ever wonder why some packaged products in the grocery store have so much empty space in them? Consumer Reports' recent investigation turned up several products with packages that are as much as half empty. Those include One A Day Men's 50 + Advantage vitamins, where the plastic 50-tablet bottle looks about 40 percent empty, and Lay's Potato chip bags that are half-filled.
Over the years, Consumer Reports has tackled various issues related to product packaging -- over-packaging (the so-called "golden cocoon"), hard-to-open packaging (bestowing offenders with an "oyster award"), and now bags, boxes, and bottles with what seems like lots of excess or dead space, which CR dubbed "black-hole" packaging.
Other products with ample wiggle room include Mrs. Paul's Lightly Breaded Tilapia Fillets, Pasta Roni Garlic & Olive Oil Vermicelli, and Quaker Oatmeal to Go Brown Sugar Cinnamon bars.
Relying mostly on nominations from readers, Consumer Reports rounded up a handful of products and asked the companies behind them for an explanation of all that air-to-spare. Packages CR looked at are examples of what is likely to be found on store shelves, and don't necessarily represent the worst offenders out there.
"We get a lot of questions from frustrated readers asking why such packages are often so large relative to the amount of product inside," said Tod Marks, senior project editor, Consumer Reports. "But even when extra space is perfectly legal, it's natural to wonder whether you're getting the amount of product you paid for."
The federal Fair Packaging and Labeling Act is supposed to prevent the public from being misled by packages containing excessive "slack fill," nonfunctional or empty space that creates an illusion of more product, often through underfilling, indented bottoms, or extra walls. But slack fill is allowed if it keeps a product from breaking, if the package does double-duty (as a dispenser, or a tray, for example) to accommodate machinery on the assembly line, or to discourage theft in the store.
According to Consumer Reports' investigation, the law gives manufacturers plenty of wiggle room. The FDA hasn't acted against a slack-fill violation in five years.
The full results of CR's investigation is available in the January 2010 issue of Consumer Reports on sale at newsstands December 2 or online at www.ConsumerReports.org.
A Frito-Lay customer rep confirmed that Lay's potato chip bags are half-filled. Delicate items pose several challenges. Chips can be broken by rollers on the packing line or pressure from machinery that seals the bags. A Post rep who responded to the question why Shredded Wheat boxes have extra air said that the company can't overfill because cereal can get caught near the top of the bag, resulting in an improper seal.
In the examples of slack-fill cited in Consumer Reports, net weights were labeled correctly. But how many consumers know what 6.7 ounces of rice looks like?
What you can do
Realize that you're not getting short-changed. But if you want to avoid being annoyed, look at the net weight of the product you're considering and compare weights and box sizes of nearby products. Rattle the box of a food such as pasta or rice. It was easy to tell that some of the products in CR's investigation were far from full. To file a complaint, contact an FDA district complaint coordinator in your state. A list is available at www.fda.gov/safety/reportaproblem/consumercomplaintcoordinators/default.htm .
JANUARY 2010
Consumers Union 2009. The material above is intended for legitimate news entities only; it may not be used for commercial or promotional purposes. Consumer ReportsĀ® is published by Consumers Union, an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. To achieve this mission, we test, inform, and protect. To maintain our independence and impartiality, Consumers Union accepts no outside advertising, no free test samples, and has no agenda other than the interests of consumers. Consumers Union supports itself through the sale of our information products and services, individual contributions, and a few noncommercial grants.
SOURCE Consumer Reports
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