| Shock And Awe: Cessna To Produce Recreational Watercraft
ANN 04.01.07 SPECIAL EDITION: What many originally thought was simply a free lunch junket away from the Wichita manufacturer's factory, ended up being a jaw-dropping announcement from Cessna which left the entire press corps scrambling for ink. Cessna Aircraft CEO Jack Pelton stunned invited attendees and press officials at an impromptu picnic at Cheney Reservoir, 25 miles West of Wichita, KS. This much is clear: Cessna Aircraft Company is launching a sister company, Cessna Watercraft Company. "The impetus for this is what we label 'untapped synergies' in the aerospace business. Cessna has perhaps the greatest collective talent in manufacturing of motive craft, and our distribution and support network is unequalled. While developing the operating budget for the 'next generation' Cessna composite singles, we realized that the tooling and expertise required to shift from sheet metal to composites was a massive capital investment.
Asset Control Says Fidelity Ventures Takes Majority Investment ...
(RTTNews) - On Tuesday, Asset Control, a provider of Centralized Data Management or CDM solutions to the financial services industry, announced that Fidelity Ventures has taken a majority investment in the company. Asset Control stated that Phil Lynch, former CEO of Reuters Americas and a Venture Partner with Fidelity Ventures, will replace Ger Rosenkamp as CEO and President. Rosenkamp will continue to serve Asset Control as Chairman of the Board. Anne Mitchell and Simon Clark, Partner with Fidelity Ventures, will join the company's Board. Phil Lynch is an accomplished chief executive with significant experience within the financial services sector. Lynch had served as CEO of Reuters Americas Inc. from 2001 to 2005. Asset Control also said it has acquired Vancouver-based TAP Solutions Inc., a Microsoft Gold Certified partner, to extend its market solutions to firms of all sizes.
In Firms With Possible Solutions
As worries mount over how the world's 6.5 billion people will share the planet's finite supplies of clean water, companies that make everything from water-purification systems to delivery valves have attracted attention in recent years. But fund managers and analysts say many U.S. and European water stocks have climbed too high too fast, and they are increasingly looking for opportunities in Asia, where valuations are lower and water shortages are already acute in some places. Asian companies will be well-positioned to win more contracts as governments spend ... .
Green Courte Partners Acquires Three Manufactured Housing ...
LAKE FOREST, Ill., April 9 /PRNewswire/ -- Green Courte Partners, LLC, a private real estate investment firm targeting niche sectors, announced today the acquisition of the Skyline, Swan Meadow Village and Valley View manufactured housing communities located in Colorado. With this closing, Green Courte has acquired controlling interests in 20 communities valued at over $250 million and containing over 6,000 sites. These three high-quality communities total over 750 sites. Skyline, located in Ft. Collins, is a stabilized, senior-oriented 175-site property that is 97% occupied. Swan Meadow Village, a 172-site all-age property located in the resort community of Dillon, is 52% occupied. Valley View is a 408-site, 62%-occupied all-age property located in the north Denver suburb of Thornton.
Lost on subprime? Don't be fooled again with Alt-A
Government officials have been emitting a lot of gas about how problems in the mortgage market are nothing to worry about because they're limited to the subprime sector. But today's New York Times [registration required] shows that the problems have spread to the higher credit quality Alt-A tier. I am new to the mortgage market -- particularly all these credit tiers like subprime and Alt-A. But I spent a summer in Washington a few decades ago working with the Federal Deposit Insurance Corporation (FDIC) helping it dig out of an avalanche of bank failures due to the collapse of the real estate market. And the current situation strikes me as much worse because it's much bigger and due to securitization, the contagion is in the hands of pension funds, insurance companies, and hedge funds as well.
FBR Stock Moves Up on Subsidiary IPO News
ARLINGTON, Va. (April 10, 2007) -- Shares of Friedman, Billings, Ramsey Group Inc. (NYSE: FBR) were trading up 27 cents per share to $5.78 per share on volume of about 1.8 million shares. The company announced today that FBR Capital Markets Corporation, a taxable REIT subsidiary of the company, plans an initial public offering (IPO). The company announced that FBR Capital Markets has filed a registration statement on form S-1 with the Securities and Exchange Commission (SEC) in connection with a planned IPO. The offering is pursuant to which the company proposes to offer and sell up to 13,512,500 shares of common stock that the company beneficially owns, including shares that may be sold by the company upon exercise by the underwriters of their over-allotment option to sell up to an additional 1,762,500 shares.
Canadians victims of new 'hack, pump and dump' scheme
A dozen Canadian investors got an unwanted introduction to a new form of fraud last year when they discovered more than $1-million of worthless penny stocks had been purchased using their online brokerage accounts. The purchases were part of a classic "pump-and-dump" stock manipulation fraud, but with a twist. .
Sow Before You Reap - CCID Deciphers Latest Intel Move in China
BEIJING, April 9 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, the first Chinese consulting firm listed in Hong Kong, analyzes Intel's latest move in building a wafer plant in Dalian, China. On March 26, Intel announced that it will invest $2.5 billion to build a wafer plant in Dalian, China. The new plant will adopt the world's most advanced 300mm wafer precaution technology. The factory will not only be Intel's biggest investment in China but also the first Intel wafer plant project in East Asia. To decipher Intel's decision in setting up a wafer plant in China, CCID looks into the growth environment and trend of the global computer industry. In the fiercely contested computer industry, multinational companies represented by Intel actively participate in global competitions and define the industry's developments and trends.
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