The News Review:
- First Trust/Aberdeen Global pportunity Income Fund Declares …
- Smart Grid Bubble? Heck No. Home Energy Management Bubble? Yep
- National Australia Bk Buys Aviva Australia Units
First Trust/Aberdeen Global pportunity Income Fund Declares …
MarketWatch
A portion of this distribution may come from net short-term realized capital gains or return of capital. The final determination of the source and tax status of all distributions paid in 2009 will be made after the end of 2009. The Fund is a diversified closed-end management investment company that seeks to provide a high level of current income. As a secondary objective the Fund seeks capital appreciation. The Fund pursues these investment objectives by investing in the world bond markets through a diversified portfolio of investment grade and below-investment grade government and corporate debt securities. First Trust Advisors L.
Smart Grid Bubble? Heck No. Home Energy Management Bubble? Yep
Reuters
We know we’ve been guilty of using the general smart grid term in headlines (that’s the problem with having a word-count limit) and lumping the billions of smart grid stimulus funds together but the infrastructure will actually be very complex. At the moment a lot of companies are just starting to scratch the surface when it comes to discovering possible areas of innovation. But venture capitalists have clearly been flocking to the home energy management space. It’s a favorite for VCs partly because they can easily understand it — it looks (and is) about connected gadgets software and wireless communications. At this point the amount of VC-backed companies is really starting to get out of control. Earlier this month both home energy management dashboard companies Tendril and AlertMe raised multimillion-dollar rounds; last week home energy management startup EcoDog raised $4.
Related from Vistra-corp: Trent University plant engineer’s passion was saving energy
National Australia Bk Buys Aviva Australia Units
Wall Street Journal
(NAB) said Monday that it has agreed to buy some of Aviva PLC’s (AV. LN) Australian business for A$825 million cash to expand and enhance its own wealth management business. The purchase is expected to add to earnings per share and return on equity in its first full year after acquisition excluding estimated integration costs of A$125 million the bank said in a statement. Before completion Aviva’s Australia unit will pay a A$40 million dividend and will also pay a net asset adjustment of A$60 million after the deal is completed taking total proceeds for.