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BNET Business Dictionary

Asset: any tangible or intangible item to which a value can be assigned. Assets can be physical, such as machinery and consumer durables, or financial, such as cash and accounts receivable.Assets...; Asset definition on BNET »

BNET Resources

PCTEL Posts $20.1 Million in Third Quarter Revenue from Continuing Operations: 14 Percent Increase Over Same Period Last Year BLOOMINGDALE, Ill. -- PCTEL, Inc. (NASDAQ: PCTI), a leader in propagation and optimization solutions for the wireless industry, announced results for the third quarter ended September 30, 2008. The Company completed the sale of its Mobility Solutions Group MSG on...; Tags: asset, Company, FINANCE, GAAP, non-GAAP, PCTEL, revenue, Wi-Fi, WiMAX, WIRELESS; Research articles 2008-10-27
Mortgage rescue plans ignore tax consequences: The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief - and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two...; Tags: accounting, asset, bank, FINANCE, Internal Revenue Service, mortgage, Taxes; Research articles 2008-10-24
CNH Reports Record Third Quarter Net Income of $252 Million, up 107%: CNH Global N.V. (NYSE: CNH) -- Continued robust agricultural industry demand and market share gains drove net sales of equipment to $4.3 billion in the third quarter, up 22% -- Agricultural Equipment Gross Margin improvement continues as pricing actions...; Tags: asset, Company, Construction, Fiat, FINANCE, financial, income, receivables, sales, Taxes, Tribunal; Research articles 2008-10-23
NitroMed Announces Agreement to Sell BiDil® Drug Business to JHP Pharmaceuticals, LLC: -- NTMD Reports Financial Results for Third Fiscal Quarter 2008 -- -- Conference Call and Webcast to be Held Today at 10:00 AM ET-- LEXINGTON, Mass. -- NitroMed, Inc. (NASDAQ:NTMD) today announced that JHP Pharmaceuticals, LLC, a privately held specialty pharmaceutical company, has agreed to acquire substantially all...; Tags: agreement, asset, financial, SEC; Research articles 2008-10-23
Prudential Fixed Income Management Names Sara Bonesteel to Lead Efforts in Structured Asset Management Opportunities and Financing: NEWARK, N.J. -- Prudential Fixed Income Management has appointed structured finance veteran Sara Bonesteel head of its efforts to identify new opportunities for structured asset management and to develop financing strategies and relationships for its many businesses, including its hedge strategy, collateralized debt obligations and insurance businesses. Prudential Fixed Income...; Tags: asset, FINANCE, financing, Investment, Prudential Insurance Company of America; Research articles 2008-10-22

MainSource Financial Group -- NASDAQ, MSFG -- Announces Earnings for the Third Quarter 2008: Archie M. Brown, Jr., President & Chief Executive Officer of MainSource Financial Group, Inc. (NASDAQ: MSFG), announced today the unaudited results for the quarter ended September 30, 2008. Net income was $5.4 million in the third quarter of 2008, which equates to $0.28 per share, compared to $5.6 million...; Tags: acquisition, asset, Company, FINANCE, income, Investment, Nasdaq Stock Market Inc.; Research articles 2008-10-22
Allstate Reports 2008 Third Quarter Results: Catastrophe Losses and Investment Valuation Declines Partially Offset by On-going Risk Mitigation Actions NORTHBROOK, Ill. -- The Allstate Corporation (NYSE: ALL): * Catastrophe losses of $1.8 billion, including losses from Hurricanes Ike and Gustav, were partially mitigated by exposure reduction actions and reinsurance. * Pre-tax net realized...; Tags: Allstate Corp., asset, catastrophe, Company, equity, FINANCE, financial, GAAP, impairment, income, insurance, Investment, liquidity, reinsurance, SECURITY, valuation; Research articles 2008-10-22
Jackson Reports Total Sales and Deposits of $11.2 Billion: Diversified Product Portfolio Lifts Nine-Month Total 2% Higher than Same Period in 2007 LANSING, Mich. -- Jackson National Life Insurance Company([R]) (JacksonSM) generated $11.2 billion in total sales and deposits1 during the first three quarters of 2008, representing a 2-percent increase over the same period in 2007 and the...; Tags: annuity, asset, FINANCE, financial, GAAP, Investment, Jackson National Life Insurance Co., Prudential Insurance Company of America, SALES; Research articles 2008-10-21
TVI Corporation Reports Preliminary Third Quarter 2008 Financial Results: * Company Achieves Goal of Operating Profit * Generates 50% Revenue Growth * Sells Signature Assets in Florida * Plans to Divest Remaining Tent Rental Business * Provides Update on NASDAQ Listing GLENN DALE, Md. -- TVI Corporation (NASDAQ: TVIN), an international supplier of first...; Tags: asset, Company, FINANCE, financial, Nasdaq Stock Market Inc., Readers, revenue, TVI Corp.; Research articles 2008-10-21
MIKOH Finalizes SecureContainer Order from U.S. Government Customer: WASHINGTON -- MIKOH Corporation (ASX: MIK) today announced a completed order with an unnamed U.S. government agency surrounding the company's SecureContainer closure devices for ruggedized cases from Pelican Products, Inc. This marks the second order from the government agency following an initial order of Smart&Secure seals announced in July 2007....; Tags: asset, RFID, U.S. Government; Research articles 2008-10-20
Superior Court of Quebec Sanctions SRX Post Holdings' Plan of Compromise and Reorganization: SRX Post Holdings Inc. (TSX: SRX) ("SRX" or the "Company") announced today that its amended plan of compromise and reorganization (the "Plan") under the Companies' Creditors Arrangement Act and the Canada Business Corporations Act was sanctioned by the Superior Court of Quebec. It is expected that the Plan will...; Tags: asset, Company, WiMAX, WIRELESS; Research articles 2008-10-20
CIT Reports Third Quarter Results; Continued Progress on Liquidity Initiatives: * Loss from continuing operations of $1.13 per share driven by goodwill and intangible impairment charges * Operating expenses reduced * Tangible capital ratio improved * Credit reserves increased NEW YORK -- CIT Group Inc. (NYSE: CIT) today reported a loss from continuing operations of $301.6...; Tags: asset, CIT Group, Company, liquidity; Research articles 2008-10-16
Royce Focus Trust as of September 30, 2008: * Invests in a limited number of small-cap companies using a value approach * Average weekly trading volume of approximately 194,000 shares * Fund's adviser has more than 30 years of small- and micro-cap investment experience NEW YORK -- Royce Focus Trust (NASDAQ: FUND):Closing Prices - September...; Tags: asset, FINANCE, Investment, Nasdaq Stock Market Inc.; Research articles 2008-10-16
SRX Creditors Approve Plan of Compromise and Reorganization: SRX Post Holdings Inc. (TSX: SRX) ("SRX" or the "Company") announced today that the requisite majority of creditors of SRX has approved SRX's amended plan of compromise and reorganization (the "Plan") previously filed with RSM Richter Inc., the court appointed monitor in SRX's proceedings under the Companies' Creditors Arrangement Act....; Tags: asset, Company, creditor, WiMAX, WIRELESS; Research articles 2008-10-16
JPMorgan Chase Reports Third-Quarter 2008 Net Income of $527 Million, or $0.11 Per Share, Including Estimated Losses of $640 Million or $0.18 Per Share For Washington Mutual Merger-Related Items: * Acquired Washington Mutual's banking operations on September 25: * Significantly strengthened consumer franchise, with more than 5,400 branches * Results included estimated(1) losses of $640 million (after-tax) for Washington Mutual merger-related items: $1.2 billion charge to conform loan loss reserves and a $581 million extraordinary gain ...; Tags: asset, equity, FINANCE, income, J.P. Morgan Chase & Co., merger, Retail, revenue, Washington Mutual Inc.; Research articles 2008-10-15
Neose Technologies' Common Stock to be Delisted from Nasdaq Global Market: HORSHAM, Pa. -- Neose Technologies, Inc. (NasdaqGM:NTEC) today announces that its common stock will be delisted from the NASDAQ Stock Market ("NASDAQ"). On October 7, 2008, the Company received an additional Staff Determination from the NASDAQ Listing Qualifications Department (the "Department") indicating that the Company's filing of a Form...; Tags: asset, Company, liquidation, Nasdaq Stock Market Inc., SEC, stock; Research articles 2008-10-14
Tortoise Energy Capital Corp. Provides Net Asset Value Update; Announces Compliance With Its Coverage Covenants for Senior Notes  Will Host an Industry Update Call on Tuesday, October 14: LEAWOOD, Kan. -- Tortoise Energy Capital Corp. (NYSE: TYY) today announced that as of the close of business on Friday, Oct. 10, 2008, the company's total assets were approximately $472 million and its net asset value per share was $10.59. Friday's last sale price was $7.00 per share. The...; Tags: asset, Center for Democracy and Technology, compliance; Research articles 2008-10-13
Tortoise North American Energy Corp. Provides Net Asset Value Update; Announces Company has Not Violated Coverage Covenants for its Senior Notes or Preferred Stock  Will Host an Industry Update Call on Tuesday, October 14: LEAWOOD, Kan. -- Tortoise North American Energy Corp. (NYSE:TYN) today announced that as of the close of business on Friday, Oct. 10, 2008, the company's total assets were approximately $107 million and its net asset value per share was $11.28. Friday's last sale price was $8.40 per share. The...; Tags: asset, Center for Democracy and Technology, stock; Research articles 2008-10-13
Tortoise Capital Resources Corporation Announces Company is in Compliance With Coverage Covenants for its Short-Term Borrowings  Will participate in an Industry Update Call on Tuesday, October 14: LEAWOOD, Kan. -- Tortoise Capital Resources Corp. (NYSE: TTO)the company announced today that it is in compliance with all of its loan covenants, and has adequate borrowing capacity to meet expected funding requirements and consider additional investments. The company has a committed credit facility of up to $50.0 million, which...; Tags: asset, Center for Democracy and Technology, compliance, covenant; Research articles 2008-10-13
Commentary: Mortgage rescue plans ignore tax consequences: The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief -- and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two debates,...; Tags: accounting, asset, bank, FINANCE, Internal Revenue Service, mortgage, Taxes; Research articles 2008-10-13