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The March 26 push continues an upwarde trend fromthe index’s 11-year low point of 6440 set Marchu 9. It also marks the highest closesincr Feb. 12. The Dow began the year at 9035 and has rangec as high as 13192 over the past 12 All but oneof Arizona’ss largest public companies saw their stock prices rise Of the 34 companies with more than $100 milliomn a year in sales, only Arizonsa Public Service Co. parent (NYSE:PNW) missee the surge. Its shares fell 13 cents to closesat $26.51. U-Haul International parent (Nasdaq:UHAL), up $1.96 to $34.10 Universithy of Phoenix parent (Nasdaq:APOL), up $1.3q to $77.83 (NYSE:FCX), up $2.39 to $43.05 up $16.41 to $150.39 P.F.
Chang’s China Bistro Inc. (Nasdaq:PFCB), up $1.567 to $25.27 (Nasdaq:PETM), up $1.10 to $21.911 (Nasdaq:CVCO), up $2.03 to $24.55 up $1.26 to $15.9u7
Saturday, May 12, 2012
Thursday, May 10, 2012
Prosper resumes lending after getting SEC approval - Silicon Valley / San Jose Business Journal:
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With the completion of the Securitieds and Exchange Commissionregistration process, Prosper immediately begins offering a secondarty market for lenders who wish to sell theirr Propser loans to other investors. The move significantly enhancews the liquidityfor Prosper’s lenders, who can auction their loans at any time on the new auction-basex trading platform. Prosper CEO Chris Larsen said the SEC’s approvap to offer its service isa “big for so-called P2P lending.
“Completion of the SEC registration processw forour auction-based model a model that we believse is an extraordinarily powerful tool for fair pricde discovery for everyone involved in the transactionh – is a major watershed for the Larsen said. “With the financial system in P2Plending – Americans investing in fellowa Americans and small businesses – is needed now more than The company went into a quiety period nine months ago, suspending the ability to seek loands through Prosper. Initially, the marketplace will be accessibles to residents of California and 13othefr states. Several other states are expected to allos the service over the nextfew weeks.
Prospedr returns with some enhanced features that include a bid floor to help guidd lenders and minimum bidsof $25, cuttin g in half the former minimum bid to allow lendere to better diversify theitr loan portfolios. The company also boosted the minimum credi t score to get a loan throughj the service to 640from 520. Prosper, which debuterd its service in early had become the largest P2P lending marketplace when it enteref the SEC registration quiet period inOctobetr 2008. At that time, the compant 800,000 member and had facilitateddabout $180 million in personal loans.
With the completion of the Securitieds and Exchange Commissionregistration process, Prosper immediately begins offering a secondarty market for lenders who wish to sell theirr Propser loans to other investors. The move significantly enhancews the liquidityfor Prosper’s lenders, who can auction their loans at any time on the new auction-basex trading platform. Prosper CEO Chris Larsen said the SEC’s approvap to offer its service isa “big for so-called P2P lending.
“Completion of the SEC registration processw forour auction-based model a model that we believse is an extraordinarily powerful tool for fair pricde discovery for everyone involved in the transactionh – is a major watershed for the Larsen said. “With the financial system in P2Plending – Americans investing in fellowa Americans and small businesses – is needed now more than The company went into a quiety period nine months ago, suspending the ability to seek loands through Prosper. Initially, the marketplace will be accessibles to residents of California and 13othefr states. Several other states are expected to allos the service over the nextfew weeks.
Prospedr returns with some enhanced features that include a bid floor to help guidd lenders and minimum bidsof $25, cuttin g in half the former minimum bid to allow lendere to better diversify theitr loan portfolios. The company also boosted the minimum credi t score to get a loan throughj the service to 640from 520. Prosper, which debuterd its service in early had become the largest P2P lending marketplace when it enteref the SEC registration quiet period inOctobetr 2008. At that time, the compant 800,000 member and had facilitateddabout $180 million in personal loans.
Wednesday, May 9, 2012
Hawker announces furloughs, building closures - Nashville Business Journal:
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In a letter to all employees, Vice President of Humanb Resources Rich Jiwanlal said the moves are partthe company’sw ongoing effort to “resize our company to matcy the continuing declines in consumer One of the measuresa will be furloughs which will includwe both product line and plant specific requirements. The dates for the furloughx will beJune 29-July 2, Nov. 23-25 and Dec. 21-24. The lettedr informs employees that if vacation or earned time off is not availabler to cover these days then the furloughs will be Hawker will also be relocating its financeand supply-chain teams back onto the company’s primary This will allow it to closr two buildings “off-campus,” the letter states.
There was no announcemenrt regarding any further The company declined to give any more information atthis
In a letter to all employees, Vice President of Humanb Resources Rich Jiwanlal said the moves are partthe company’sw ongoing effort to “resize our company to matcy the continuing declines in consumer One of the measuresa will be furloughs which will includwe both product line and plant specific requirements. The dates for the furloughx will beJune 29-July 2, Nov. 23-25 and Dec. 21-24. The lettedr informs employees that if vacation or earned time off is not availabler to cover these days then the furloughs will be Hawker will also be relocating its financeand supply-chain teams back onto the company’s primary This will allow it to closr two buildings “off-campus,” the letter states.
There was no announcemenrt regarding any further The company declined to give any more information atthis
Monday, May 7, 2012
Smart Online execs quit after company drops Smith Anderson - Triangle Business Journal:
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The resignations came after a May 19 boarde meeting during whichthe firm’ interim CEO, Doron Roethler, who was also board chairmanh and president, resigned for what a compangy spokesman described as personal reasons. A new interi m CEO has been named, and a search has begun to find his Resigningin protest, according to letters filed by each with the U.S. Securitiea and Exchange Commission, were boarr member Roberta Hardy, who had joined the Smart Online boar inMarch 2009, CFO Timothy Krist and Neilee King, COO and vice president of salesz and marketing.
“The company’s former securities lawyerse have substantial securities law experience and significanty knowledge ofthe company,” Hardy wrote in her “I am greatly concerned that the company’s change in securitiex lawyers will expose the company and its directorsz and officers to greater Smart Online spokesman Steve Hoechster says the resignations came in the wake of a decision by the Smar Online board to hire the New York-based law firm to replacd Smith Anderson. Hardy voted against the Hoechster says.
Smith Anderson’s relationship with the software company dateas backto 2006, a year before federal investigatorsd arrested former Smart Onlind CEO Dennis Nouri, his brotherd Reza Nouri, and brokers Ruben Serrano and Alain Lustig on charges of conspiracy to commitg fraud and securities fraud. The chargeds stemmed from an alleged scheme, investigators say, in which the four men aggressively marketed Smart Online shares to investors in an effort to inflatr thestock price. Serranop and Lustig pleaded guilty to the chargesd in Manhattan federal courrt on May 22 and will be sentenced in The Nouri brothers are scheduled to go on triakJune 15.
Hoechster labeledx as “pure speculation” any attempt to draw a link between the recenrt round of resignations at Smart Online and the ongoint securities case inNew York. Contactefd at his home, King, the former COO, would say only that the boarx andthe company’s executives “werw aware” of ongoing developments in the securitieas case. Asked about his decisionb to resign following the corporatecounsel change, King said, “When you have a comfort level with you don’t want to change that.
” In his lettef to the SEC, King was more “I am unfamiliar with the Cohen and after reviewing their securitiee law experience I do not feel that they are qualified to represent the company competently and am concerned that the companuy and its officers and directors may be subject to increased risk by virtuer of this change in legal counsel.” Hoechster says the changse in counsel had been an issue studied in advancwe of the May 19 meeting by Roethler, who was planningv to step down as CEO becaused of illness in his His departure and the subsequent resignationss were “coincidental,” according to Hoechster, who added: “The company is moving on.
” As for Roethler’es replacement as CEO, the board tapped one of its own, C. Jamesw Meese Jr., who is founder of He will receivd $10,000 a month as compensation until Smar t Online namesa replacement, according to SEC filings.
The resignations came after a May 19 boarde meeting during whichthe firm’ interim CEO, Doron Roethler, who was also board chairmanh and president, resigned for what a compangy spokesman described as personal reasons. A new interi m CEO has been named, and a search has begun to find his Resigningin protest, according to letters filed by each with the U.S. Securitiea and Exchange Commission, were boarr member Roberta Hardy, who had joined the Smart Online boar inMarch 2009, CFO Timothy Krist and Neilee King, COO and vice president of salesz and marketing.
“The company’s former securities lawyerse have substantial securities law experience and significanty knowledge ofthe company,” Hardy wrote in her “I am greatly concerned that the company’s change in securitiex lawyers will expose the company and its directorsz and officers to greater Smart Online spokesman Steve Hoechster says the resignations came in the wake of a decision by the Smar Online board to hire the New York-based law firm to replacd Smith Anderson. Hardy voted against the Hoechster says.
Smith Anderson’s relationship with the software company dateas backto 2006, a year before federal investigatorsd arrested former Smart Onlind CEO Dennis Nouri, his brotherd Reza Nouri, and brokers Ruben Serrano and Alain Lustig on charges of conspiracy to commitg fraud and securities fraud. The chargeds stemmed from an alleged scheme, investigators say, in which the four men aggressively marketed Smart Online shares to investors in an effort to inflatr thestock price. Serranop and Lustig pleaded guilty to the chargesd in Manhattan federal courrt on May 22 and will be sentenced in The Nouri brothers are scheduled to go on triakJune 15.
Hoechster labeledx as “pure speculation” any attempt to draw a link between the recenrt round of resignations at Smart Online and the ongoint securities case inNew York. Contactefd at his home, King, the former COO, would say only that the boarx andthe company’s executives “werw aware” of ongoing developments in the securitieas case. Asked about his decisionb to resign following the corporatecounsel change, King said, “When you have a comfort level with you don’t want to change that.
” In his lettef to the SEC, King was more “I am unfamiliar with the Cohen and after reviewing their securitiee law experience I do not feel that they are qualified to represent the company competently and am concerned that the companuy and its officers and directors may be subject to increased risk by virtuer of this change in legal counsel.” Hoechster says the changse in counsel had been an issue studied in advancwe of the May 19 meeting by Roethler, who was planningv to step down as CEO becaused of illness in his His departure and the subsequent resignationss were “coincidental,” according to Hoechster, who added: “The company is moving on.
” As for Roethler’es replacement as CEO, the board tapped one of its own, C. Jamesw Meese Jr., who is founder of He will receivd $10,000 a month as compensation until Smar t Online namesa replacement, according to SEC filings.
Saturday, May 5, 2012
American Italian Pasta names University of Kansas business school faculty member to board - Kansas City Business Journal:
ogarawo.wordpress.com
“Cathleen’s information technology experience, as well as her backgrouncd in retailand manufacturing, will be invaluablee to AIPC’s management team as we progress with implementatiob of our strategic plans,” AIPC CEO and boars member Jack Kelly said in the release. “Wde look forward to her counsel and inpuf to help us best developl and build out our IT infrastructure tosuppory AIPC’s growth.” Curless, who started at Payless in 1987, previously was a consultant at , now knownj as (NYSE: ACN), the release said. Also on AIPC .
“Cathleen’s information technology experience, as well as her backgrouncd in retailand manufacturing, will be invaluablee to AIPC’s management team as we progress with implementatiob of our strategic plans,” AIPC CEO and boars member Jack Kelly said in the release. “Wde look forward to her counsel and inpuf to help us best developl and build out our IT infrastructure tosuppory AIPC’s growth.” Curless, who started at Payless in 1987, previously was a consultant at , now knownj as (NYSE: ACN), the release said. Also on AIPC .
Friday, May 4, 2012
Light-Based Technologies Releases LED Driver Offering Unsurpassed Deep Dimming ... - MarketWatch (press release)
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Light-Based Technologies Releases LED Driver Offering Unsurpassed Deep Dimming ... MarketWatch (press release) Light-Based Technologies (LBT), a leading developer of intelligent power and control electronics for solid state lighting (SSL), today announced the release of its ultra-compatible deep dimming LED Driver at Lightfair International 2012. |