The News Review:
- Borders off 40% on wider loss narrowed options
- FACTBOX: Obama comments on economic issues
- Sicap Management Appointment Promotes Device Management in Malaysia
- Allianz Global Investors Fund Management Announces a Change to the …
Borders off 40% on wider loss narrowed options
MarketWatchnbsp;
But a sale of the company is apparently no longer on the table. “With respect to the sale of the company management is no longer contemplating a transaction” the company said. Borders said while it retains the right to sell Paperchase to Pershing Square Capital Management for $65 million – and is in discussions with Pershing “regarding an alternative financing transaction. ”
Pershing Square had pumped $42. 5 million into Borders earlier this year. Finally Standard Poor’s announced Tuesday that since Borders’ market capitalization had fallen to about a tenth of its requirement the company will be replaced in the SP MidCap 400 by precision instrument maker Mettler-Toledo International (.
FACTBOX: Obama comments on economic issues
Reutersnbsp;
Here are some details of the issues he has discussed this week:
NAMES ECONOMIC OFFICIALS
* Obama named former Federal Reserve Chairman Paul Volcker to head his new President’s Economic Recovery Advisory Board which will generate ideas on how to handle the current economic crisis. Longtime Obama adviser Austan Goolsbee was named staff director for the panel. * Obama named Congressional Budget Office Director Peter Orszag to head the White House Office of Management and Budget. He named Rob Nabors who worked for the Office of Management and Budget in the Clinton administration as the deputy director of the OMB. * On Monday Obama named New York Federal Reserve Bank President Timothy Geithner to be the next Treasury secretary. * He named former Treasury Secretary Lawrence Summers to head the White House National Economic Council. Obama called Summers “one of the great economic minds of our time.
Sicap Management Appointment Promotes Device Management in Malaysia
MarketWatchnbsp;
Angus
joined Sicap in 2007 and rapidly showed his skills in analyzing local
market needs and the proposing the most cost-effective and technically
shrewd ways in which operators can enhance their business. Sicap has been successfully active in South-East Asia since 1997 when
it enabled Digi to be the first operator in Malaysia to offer pre-paid
billing. Operating out of Kuala Lumpur since 2003 Sicap has until now
focussed on USSD service enabling and over-the-air SIM management with
a recent surge in demand for its USSD-initiated mobile collect call
software Pay4Me. Taking the lead from Stefan Liechti who will regain
Sicap Headquarters in Switzerland Angus Ng now deems the time right to
extend the software offer to cover emerging Device Management needs. Sicap will deploy its knowldge of device characteristics to enable
seamless settings updates for operators in the region guaranteeing an
increase in the usability of services for mobile customers whatever
device they are using. Sicap Chief Operating Officer GrA(C)gory Grin said today that ” strong
technical competencies and strategic partnerships with local integrators
have time and again proved the credibility of Sicap in Malaysia “. He
added ” I am confident that operators would see the benefits of the
Device Management Center a single platform which can today integrate
advanced software management on customer last-generation devices “.
Allianz Global Investors Fund Management Announces a Change to the …
MarketWatchnbsp;
As mentioned in the September 26 2008 press release management fees paid by the Fund will not be impacted although the sub-advisory fee payable by AGIFM to NACM shall increase by the amount of the current sub-advisory fee payable by AGIFM to Oppenheimer Capital LLC. In connection with this change NACM will be responsible for the option writing for the Fund and will implement a different option strategy than utilized by Oppenheimer Capital LLC. The new option strategy will focus primarily on writing call options on individual securities held in the Fund’s international equity portfolio rather than focusing on equity index options. Steven Tael and Mr.
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