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Set Up E-mail Alerts For Press Releases » RSS Feed For Press Releases »WASHINGTON, Oct. 12 /PRNewswire-USNewswire/ -- The U.S.-India Business Council (USIBC), in partnership with the Confederation of Indian Industry (CII) will launch on October 15, 2008 its new "Green India' Initiative, highlighting the challenges and opportunities relating to India's massive infrastructure build-out and those U.S. technologies which can match these needs. USIBC's 'Green India' Summit at the U.S. Chamber of Commerce in Washington will feature India's Union Minister of Power, Sushil Kumar Shinde, together with U.S. Commerce Secretary Carlos Gutierrez, along with a host of experts associated with clean technologies and renewable power.
USIBC's objective is to focus increased attention on the necessity of meeting India's infrastructure demands by implementing state-of-the-art, environmentally-sustainable technologies.
Innovation and investment in new technologies - essential to protect the environment while reducing stress on global markets - presents a unique challenge given the financial turmoil roiling economies worldwide. Indian financial heavyweights Naina Lal Kidwai of HSBC and Rajiv Lal of IDFC will share their prescriptions for how India can mobilize as much as a half trillion dollars in infrastructure investment needed over the next half decade, despite financial uncertainties. India represents one of the most promising destinations for clean technology investment.
The event has attracted major 'star power' from a range of sectors and will proudly feature important addresses by Montek Singh Ahluwalia, Deputy Commissioner of India's Planning Commission, as well as former Secretary of Defense and USIBC Board Member William S. Cohen.
The U.S. Secretary of Commerce, Carlos Gutierrez, will likely announce an upcoming civil nuclear trade mission to India, which will take place before year-end. As a result of last week's signing into law the U.S.-India civil nuclear cooperation initiative, U.S. companies will now have an opportunity to compete for a fair share of India's civil nuclear build out - valued at more than $150 billion over the next 30 years, creating as many as a quarter million high-tech jobs here in the U.S.
"The United States and India have embarked on a remarkably constructive journey together. As the world's two most prominent democracies, we have a special obligation and responsibility to chart a course that stems environmental degradation and leaves our planet in better shape for future generations. Green India will be the first in a series of summits to be held in the U.S. and India during alternate years to energize this important dialogue," said Ron Somers, USIBC President.
The U.S.-India Business Council, formed in 1975 at the request of the Government of India and the U.S. Government to deepen two-way trade and promote U.S.-India commercial ties, is the premier business advocacy organization representing 280 of the largest U.S. companies investing in India, joined by two dozen of India's largest global companies. USIBC is hosted under the aegis of the U.S. Chamber of Commerce - the world's largest business federation representing more than 3 million businesses and organizations of every size, sector and region.
SOURCE The U.S.-India Business Council
WILMINGTON, N.C., Oct. 12 /PRNewswire-USNewswire/ -- As John McCain arrives in Wilmington tomorrow to peddle his failed economic policies, State Senate Majority Leader Tony Rand and Agriculture Commission Candidate Ronnie Ansley will hold a press conference to let voters know that McCain's policies are wrong for Eastern North Carolina.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGO )
Senator Barack Obama will stand up for North Carolina's workers by offering incentives to companies who keep jobs in the United States and investing in green innovation to create more jobs.
Eastern North Carolinians are already feeling the effects of four more years of the same Bush-McCain economy:
Georgia-Pacific slashed 400 jobs in its Whiteville plant earlier this month due to the slumping housing market. Another 270 jobs were cut last week when U.S. Marine announced it was closing its Navassa boatyard.
Eastern North Carolinians have a better chance at throwing their money in a wishing well than hoping that John McCain will fix our economy. Senator Obama will bring the change North Carolina's families need by supporting job creation, keeping our jobs at home, and strengthening our economy.
Who:
Tony Rand, NC State Senate Majority Leader
Ronnie Ansley, Candidate for Agriculture Commissioner
What:
North Carolina Democratic Party's "Not-a-Dime's-Worth-of-Difference" Press Conference
When:
TOMORROW, October 13, 2008 at 11:00 am
Where:
Alton Lennon Federal Building (Fountain on River Side)
2 Princess Street
Wilmington, NC 28401
Paid for by the North Carolina Democratic Party - www.ncdp.org
Not authorized by any candidate or candidate committee
SOURCE North Carolina Democratic Party
SAN FRANCISCO--(BUSINESS WIRE)--
Wells Fargo & Company (NYSE: WFC) said today that the Board of Governors of the Federal Reserve has approved its application to merge with Wachovia Corporation (NYSE: WB) including all its subsidiaries, and the share exchange agreement previously entered into between Wachovia and Wells Fargo.
The approval is an important step forward in the transaction, which still requires the approval of Wachovia shareholders. The merger is on schedule to be completed by the end of this year.
Wells Fargo & Company is a diversified financial services company with $609 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements about Wells Fargo and Wachovia and the proposed transaction between the companies. There are several factors - many beyond Wells Fargo's control - that could cause actual results to differ significantly from expectations described in the forward-looking statements. Among these factors are the receipt of necessary regulatory approvals and the approval of Wachovia shareholders. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date.
For a discussion of factors that may cause actual results to differ from expectations, refer to each company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, and Annual Report on Form 10-K for the year ended December 31, 2007, including information incorporated into each company's 10-K from their respective 2007 annual reports, filed with the Securities and Exchange Commission (SEC) and available on the SEC's website at www.sec.gov.
MORE INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT
The proposed merger will be submitted to Wachovia Corporation shareholders for their consideration. Wells Fargo will file with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4 that will include a proxy statement of Wachovia Corporation that also constitutes a prospectus of Wells Fargo. Wachovia Corporation will mail the proxy statement-prospectus to its shareholders. Wachovia shareholders and other investors are urged to read the final proxy statement-prospectus when it becomes available because it will describe the proposed merger and contain other important information. You may obtain copies of all documents filed with the SEC regarding the proposed merger, free of charge, at the SEC's website (www.sec.gov). You may also obtain free copies of these documents by contacting Wells Fargo or Wachovia, as follows:
Wells Fargo & Company, Attention Corporate Secretary, MAC N9305-173, Sixth and Marquette, Minneapolis, Minnesota 55479, (612) 667-0087.
Wachovia Corporation, Investor Relations, One Wachovia Center, 301 South College Street, Charlotte, North Carolina 28288, (704) 374-6782
Wells Fargo and Wachovia and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Wachovia Corporation shareholders in connection with the proposed merger. Information about Wells Fargo's directors and executive officers and their ownership of Wells Fargo common stock is contained in the definitive proxy statement for Wells Fargo's 2008 annual meeting of stockholders, as filed by Wells Fargo with the SEC on Schedule 14A on March 17, 2008. Information about Wachovia's directors and executive officers and their ownership of Wachovia common stock is contained in the definitive proxy statement for Wachovia's 2008 annual meeting of shareholders, as filed by Wachovia with the SEC on Schedule 14A on March 10, 2008. You may obtain a free copy of these documents by contacting Wells Fargo or Wachovia at the contact information provided above. The proxy statement-prospectus for the proposed merger will provide more information about participants in the solicitation of proxies from Wachovia Corporation shareholders.
Source: Wells Fargo & Company
OTTAWA, ONTARIO--(Marketwire - Oct. 12, 2008) -
OSHAWA MONDAY OCTOBER 13, 2008
8:30 am Jack Layton speaks to supporters with former NDP Leader Ed
Broadbent and NDP candidate Mike Shields (Oshawa)
312 Bloor Street West
Oshawa, ON
ETOBICOKE MONDAY OCTOBER 13, 2008
12:30 pm Whistle stop - Etobicoke-North
110 - 2428 Islington
Etobicoke, ON
TORONTO MONDAY OCTOBER 13, 2008
1:35 pm Whistle stop - York South-Weston
1542 Jane Street
Toronto, ON
5:00 pm Jack Layton appears on "MuchMusic"
299 Queen Street West
Toronto, ON
6:35 pm Whistle stop - Davenport
1318 Bloor Street W
Toronto, ON
7:50 pm Whistle stop - Beaches-East York
1832 Danforth Ave.
Toronto, ON
ALL TIMES LISTED ARE LOCAL TIMES
FOR FURTHER INFORMATION PLEASE CONTACT:
New Democrat Campaign Headquarters:
NDP Press Office: 613-236-3613 x 2833 (mdsice@ndp.ca)
For Campaign 2008 Leader's Tour related requests only:
Karl Bélanger, Press Secretary to Jack Layton
613-720-6463 (karl@ndp.ca)
Source: NDP
OTTAWA, ONTARIO -- (MARKET WIRE) -- 10/12/08 --
OSHAWA MONDAY OCTOBER 13, 2008
8:30 am Jack Layton speaks to supporters with former NDP Leader Ed
Broadbent and NDP candidate Mike Shields (Oshawa)
312 Bloor Street West
Oshawa, ON
ETOBICOKE MONDAY OCTOBER 13, 2008
12:30 pm Whistle stop - Etobicoke-North
110 - 2428 Islington
Etobicoke, ON
TORONTO MONDAY OCTOBER 13, 2008
1:35 pm Whistle stop - York South-Weston
1542 Jane Street
Toronto, ON
5:00 pm Jack Layton appears on "MuchMusic"
299 Queen Street West
Toronto, ON
6:35 pm Whistle stop - Davenport
1318 Bloor Street W
Toronto, ON
7:50 pm Whistle stop - Beaches-East York
1832 Danforth Ave.
Toronto, ON
ALL TIMES LISTED ARE LOCAL TIMES
Contacts: New Democrat Campaign Headquarters: NDP Press Office: 613-236-3613 x 2833 (mdsice@ndp.ca) For Campaign 2008 Leader's Tour related requests only: Karl B�langer, Press Secretary to Jack Layton 613-720-6463 (karl@ndp.ca)
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