| PANAMERSA Corporation (PNMS) Partner DESIMPLEX to Supply New ...
DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- March 19, 2007 -- PANAMERSA Corporation (PINKSHEETS: PNMS) announces Partner DESIMPLEX is in the final Beta testing of PDR trading software to be used by the newly formed Stock Trading company PDR Exchange (Panama), Inc. PDR Exchange (Panama), Inc. will be an operating company of Fundacion Pan America and will be the engine used to trade receipts issued by Fundacion Pan America. Known as a Pan American Depository Receipt (PDR), it allows beneficial owners of the Fundacion to buy and sell PDRs online anywhere in the world. This will in effect create a private trading system that is open 24 hours a day, 7 days a week to anyone in the world who has a computer and is a beneficiary of the Fundacion. The beauty of the system is it completely eliminates any naked shorting or manipulation of Share Price (PPS) by brokers and market makers, while giving the individual beneficiary complete anonymity.
Cold snap has spring flowering bulbs down, but not out
Last week's extended cold spell did a number on many of the spring bulbs that gardeners so eagerly look forward to for that first show of color. Consecutive nights of lows around 18 degrees well below freezing flattened some of the early-season tulips and turned daffodils rubbery just as they were about to pop. When temperatures on Easter Sunday were nearly the same as they were on Christmas Day, a collective "Bah humbug!'' seems to be in order. "It's like being slapped back into winter,'' said Mark Konlock, director of horticulture at the Green Bay Botanical Garden, where most of the just-emerging tulips were spared beneath a cozy layer of mulch. But even if the daffodils and tulips in your front yard look like they're down now, they're not necessarily out.
TheStreet.com Ratings: Top 10 All-Around Value Stocks
Each weekday, TheStreet.com Ratings compiles a list of the top 10 stocks in five categories -- fast-growth, all-around value, large-cap, mid-cap and small-cap -- and publishes these lists in the Ratings section of our Web site. This list, updated daily, is based on data from the close of the previous trading session. Today, we look at all-around value stocks. These are stocks of companies that meet a number of criteria, including annual revenue of over $500 million, lower-than-average valuations such as a price-to-sales ratio of less than 2, and leverage that is less than 49% of total capital. In addition, they must rank near the top of all stocks rated by our proprietary quantitative model, which looks at more than 62 factors. The stocks must also be followed by at least one financial analyst who posts estimates on the Institutional Brokers' Estimate System.
China's Earnings Season: What to Expect in April
Blaze Fabry submits: We are bullish on Chinese stocks. It seems to us, however, that average American investors got a distaste of China after the 9 percent plunge in Shanghai on February 26 that sent global equity markets south. As a result, March was a very quiet month for us stock researchers, while this was the time stock research would have been needed the most. We will get back to this later. As the following chart reveals, despite the 9 percent one day plunge, the Shanghai Composite index in green has recovered while the Dow (red) and the Hang Seng (blue) are still below the late February levels. click to enlarge Bright corporate earnings prospects and huge amounts of money rushing into the Chinese stock exchanges, Shanghai and Shenzhen, are providing sustained growth momentum to the equities.
Fairmont ex-manager to receive $10464.46
FAIRMONT - The town Board of Commissioners agreed on Tuesday to reimburse former Town Manager Ben Hill more than $10,000 for wages he lost after he was placed on administrative leave in 2003. The town will pay Hill $10,464.46 - a figure it arrived at by totaling two months of his salary, two months of contributions to his 401k, and two months of contributions to the state retirement fund, and interest. The board unanimously approved the reimbursement at a special meeting Tuesday night. Hill was placed on administrative leave without pay during May and June 2003. He was fired in July amid rumors that he accepted kickbacks. An investigation that lasted four years found him innocent of any wrongdoing. The commissioners have been discussing the matter in closed sessions since Hill was cleared in February by state and local authorities.
Businesses Feeling the Burden of Government Compliance Without Benefit
BOSTON, MA -- (MARKET WIRE) -- March 27, 2007 -- The 2007 Aberdeen Report reveals that companies are feeling the weight of government compliance and regulatory mandates without the benefits. Sixty-eight percent (68%) of the 3,170 survey respondents reported that compliance adds costs with little or no benefit, while 48% also noted that compliance slows business progress. In fact, 43% of North American companies reported that government regulation does nothing but add cost, compared to 38% of those in Europe and 25% of those responding from the Asia Pacific region. While companies have long cited the burden of compliance, data from the Aberdeen Report indicated ways in which the impact of regulation could be mitigated. For example, a small subset of respondents actually reported reducing costs as a result of complying with government mandates.
Vero Beach's Holiday Inn Oceanside sold for $10.3 million
VERO BEACH One of the largest nationwide hotel operators has purchased Vero Beach's Holiday Inn Oceanside on Ocean Drive for $10.3 million. According to public records, a subsidiary of Delray beach-based Ocean Properties Ltd., a privately held company owned by Mark, Michael and William Walsh, made the purchase this month. .
Prosecution's promises not all delivered
The government rested on Wednesday, taking 10 days to present the case that former Qwest CEO Joe Nacchio traded Qwest stock while in possession of inside information. The defense apparently will produce only a smattering of witnesses and plans to wrap up this week. As the end nears, let's go back to the beginning. Most litigators will tell you that opening statements are, by nature, a contract with the jury. You make certain promises about what you will prove and if you don't, the jury will remember (and, if they don't, rest assured the other side will clue them in during closing arguments). Let's look at the government's promises. When attorney James Hearty stood up around noon on March 20, what did he promise the .
Winners of Host Hotels & Resorts GM Team Building Competition Will ...
ORLANDO, Fla., March 29 /PRNewswire/ -- Host Hotels & Resorts, Inc., in a coordinated effort with the largest hotel property in Central Florida, the Orlando World Center Marriott Resort & Convention Center, will be surprising 50 youngsters from the Boys and Girls Clubs of Central Florida with shiny new bikes and helmets today. It will be the result of 250 hotel executives taking part in the annual Host Hotels & Resorts, Inc. General Managers Conference and Best In Class(TM) Awards program being held at the Orlando World Center Marriott Resort & Convention Center, which is owned by Host Hotels & Resorts, Inc. The general managers are participating in a team building competition at Universal Studios where they are competing for points to win prizes. The prizes, however, will not be for the winners; rather, they'll go to local children from the Orlando area.
Georgia Thompson's conviction reversed
Madison - Republican Sen. Ted Kanavas of Brookfield today said the governor's plan to double the fee charged when property is sold would most hurt homeowners, already struggling with a downturn in home prices.
"While no time is a good time to raise taxes, Gov. Jim Doyle and his Democratic colleagues have chosen about the worst possible time to raise taxes on the housing market," Kanavas said in a statement. "The housing market is cooling nationwide."
Under Doyle's proposal, the real estate transfer fee would go from $3 per $1,000 of value to $6 -- an increase that would raise the cost of selling a median-valued Wisconsin home by about $492, said Kanavas. He called the change a "home tax."
The median-valued Wisconsin home was assessed for property tax purposes at $164,118 last year, according to the Legislative Fiscal Bureau.
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