An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. People buying and selling real estate often open an escrow for their protection...
NEW YORK -- Effective July 11, 2008, Fitch will assign a rating of 'AAApre' to the $106,950,000 City of San Antonio, Texas hotel occupancy tax subordinate lien revenue and refunding bonds, series 2004B. The bonds will be refunded on July 11, 2008 with funds from the City of San Antonio,...
SAN FRANCISCO -- ZVUE Corporation (NASDAQ:ZVUE), a global digital entertainment company, today announced it has reached a three month standstill agreement with YA Global Investments YA Global effective through September 30, 2008. Under terms of the agreement, ZVUE will release $1,500,000 of cash currently held in a restricted...
Frontera Resources Corporation (London StockExchange, AIM Market - Symbol: FRR; OTCQX Market, U.S.A. - Symbol: FRTE),an independent oil and gas exploration and production company, todayannounced completion of a private placement of $23.5 million principalamount of its 10% Convertible Notes due July 2013 (the "Notes") and therelease from escrow of the...
Benjamin Franklin once said, "A penny saved is a penny earned." His words on the wisdom of thrift were uttered in the 18th century, however. In today's computer age, a penny saved apparently can cost as much as $9.75. At least, that's the per-penny price tag being...
NEW YORK -- Fitch Rating assigns a rating of 'AAApre' to the $96,245,000 State of Connecticut special obligation rate reduction bonds (2004 Series A). The bonds were refunded on June 5, 2008 with funds of the State. All refunded bonds are escrowed to maturity. The Escrow Agent, U.S....
Announces Loss for FY 2008, Profitable for Q1 FY 2009 ALEXANDRIA, Va., July 1 /PRNewswire-FirstCall/ -- Halifax Corporation of Virginia today announced that it has closed on a new three year line of credit for $4,000,000 with a new lending source, which is intended to replace...
Preferred Stock Tender Offer to Be Completed by September 30, 2008 SANTA FE, N.M. -- Thornburg Mortgage, Inc. (NYSE:TMA) announced today that a majority of the participants in the company's Principal Participation Agreement approved an extension of the deadline to successfully complete the preferred stock tender offer to...
Inflazyme Pharmaceuticals Ltd. (NEX: IZP.H) announced today that it has closed in escrow a $300,000 non-brokered unit private placement (the "Offering") for 15,000,000 (3,750,000 post-consolidation) Units (the "Units"). Each Unit consists of one common share and one warrant to purchase a common share (a "Warrant"). The Units were priced at...
By Tim Hrenchir THE CAPITAL-JOURNAL A home mortgage company that shorted Shawnee County on property tax payments by about $9.25 appears likely to end up paying it about $9,000. County Treasurer Larry Wilson said late Monday afternoon that the company, Wells...
By Tim Hrenchir THE CAPITAL-JOURNAL A home mortgage company that shorted Shawnee County on property tax payments by about $9.25 appears likely to end up paying it about $9,000. County Treasurer Larry Wilson said late Monday afternoon that the company, Wells...
RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. announces the merging of its Transnation Title Insurance Company subsidiary into its Lawyers Title Insurance Corporation subsidiary, as LandAmerica continues transforming its collection of independent businesses into an integrated and unified operating company. LandAmerica stated this...
OXFORD, Miss., June 30 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today it granted an exclusive patent license to Energy America Geothermal for all worldwide sales of the Company's patented systems. Under the terms of the Agreement, Encore Energy will exclusively license its patent to...
TORONTO, June 27 /PRNewswire-FirstCall/ -- Good Life China Corporation http://www.goodlifechina.com/ (Pink Sheets: GLCC) is providing a further update on the recently announced completion of the private placement. The financing consisted of a non-brokered private placement of 225,000,000 units. Each unit consisted of one common share, and one share purchase...
OXFORD, Miss., June 26 /PRNewswire-FirstCall/ -- Encore Energy Systems (Pink Sheets: ENCS) announced today its plan to pay cash dividends to stockholders as part of its efforts to provide equity growth. As previously announced, the Company executed various royalty-based License Agreements for its geothermal technology. All...
LOS ANGELES -- Home sales increased 18.1 percent in May in California compared with the same period a year ago, while the median price of an existing home fell 35.3 percent, the CALIFORNIA ASSOCIATION OF REALTORS[R] (C.A.R.) reported today. "Home sales exceeded 400,000 last month for the first...
EAGAN, Minn. -- AllRegs, the leading publisher of guidelines for the mortgage industry, announced the release of three new online Practical Guides focused on mortgage servicing. The titles include Escrow Analysis, FHA Foreclosure and Mortgage Servicing. "The state of the mortgage industry has created a new set of...
Proceeds Will Be Approximately $155 Million DALLAS -- Tenet Healthcare Corporation (NYSE: THC) today announced that it will be selling its entire interest in Broadlane, Inc. as part of a definitive agreement reached for TowerBrook Capital Partners L.P. to acquire a majority interest in Broadlane. Tenet's proceeds from...
PASADENA, Calif. -- PAULA Financial (Pink Sheets:PFCO) today provided an update of selected business matters related to the sale of assets to Ascension Insurance Services. Chairman Snider stated, "We understand that the transition of employees, customers and all other assets defined by the terms of sale have been...
Appellate Division, Third Department Divorce Sale of Marital Residence Malley v. Malley 503402 Appealed from Supreme Court, Chemung County Background: The parties appeal from the denial of the plaintiff's motion...
Articles 2008-06-19
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