| Fitch Rates Winston-Salem, NC $40MM Wtr & Swr Revs 2007B 'AA/F1+ ...
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA/F1+' to the $40,000,000 City of Winston-Salem, North Carolina (the city) variable-rate water and sewer system revenue bonds, series 2007B. The long-term 'AA' rating is based on the credit quality of the city's water and sewer revenue bonds. The short-term 'F1+' rating is based on a standby bond purchase agreement (SBPA) provided by KBC Bank N.V., acting through its New York Branch. DEC Associates, Inc. is the Financial Advisor. In addition, Fitch affirms the 'AA' rating on the city's $272 million in outstanding bonds. The Outlook on the long-term rating is revised to Stable from Positive. The 'AA' rating reflects Winston-Salem's sound fiscal performance and financial flexibility, supported by large cash balances, competitive low rates even after upcoming increases, water supply sufficient for the foreseeable future, and a service area with a strong economy.
Next Inning Technology Publishes State of Tech Report: Updates ...
PRINCETON, N.J., April 10 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has published the State of Tech report with updated outlooks for Fairchild Semiconductor International , ON Semiconductor , International Rectifier , and Intersil . New subscribers will also receive Next Inning's March State of Tech report, a $149 value, free when they sign up for a complimentary 21-day trial subscription to Next Inning. In its entirety, the State of Tech report is nearly 100 pages chock-full of charts, tables, and actionable investment commentary designed to help investors capitalize on the upcoming earnings season: https://www.nextinning.com/subscribe/index.php?refer=prn460 In his State of Tech report, Editor Paul McWilliams wrote: "In our January State of Tech report, one of the reasons I suggested that investors consider accumulating shares of ON Semiconductor at the then current price of about $7.50 was that I believed the consensus for calendar 2007 earnings was about a dime too low.
Classic is Premium Tap’s prime goal
Invasor's time of 1:59.97 was the second-fastest in race history, Kimmel said, and it came over a racetrack that was less than lightning-fast. “I think if you compare the final time of the Golden Shaheen sprint, which was 1:10.34, to the race record, which is 1:08 and change, that you can see the track was not super quick - and consequently just how well both Invasor and Premium Tap ran in the World Cup," said Kimmel. The goal now is a rematch with Invasor in the Breeders' Cup Classic, Kimmel said. Premium Tap finished third behind Invasor and Bernardini in the 2006 Classic. “We missed a prep before last year's Classic, and maybe it kept him from running his ‘A' race that day," Kimmel said. “We didn't miss anything for the World Cup." Kimmel said he will likely give Premium Tap two prep races before the Classic.
Crime’s the problem – DaimlerChrysler CEO
Crime is the biggest risk for foreign companies doing business in SA, says Dr Hansgeorg Niefer Chairman of DaimlerChrysler SA (DCSA).
Presenting the results of DCSA in Centurion today, Niefer said that after showing signs of decline in the previous three years, crime appeared to rise alarmingly in recent months.
He said crime depressed the economy and presented the greatest personal and business risk in SA.
“If we don't solve the problem," he warned, “foreign direct investment will quickly drop to zero." DCSA is a major sponsor of Business Against Crime.
As DaimlerChrysler declared world revenues up 1% to €161,6bn and an operating profit of €5,5bn in Stuttgart today, its SA subsidiary unveiled revenues up 17,5% to R32,5bn. It directly employs 6 777 people in SA.
Miyazu M'sia to invest RM100m for future growth
TANJUNG MALIM: Miyazu Malaysia Sdn Bhd is expected to invest about RM100 million over the next few years as the company gears up for future growth of the tooling industry. The company has made an initial investment of RM30 million in its new plant which was officially launched by Perak Menteri Besar Datuk Seri Mohamad Tajol Rosli Ghazali here. Miyazu Malaysia was formed from a collaboration between Proton Holdings Bhd, Miyazu Seisakusho (Japan) and Sojitz Corporation. Miyazu Malaysia's position as an anchor Class A large dies and moulds producer will pave the way for the formation of tool maker clusters, said Proton's managing director Datuk Syed Zainal Abidin Syed Mohamad Tahir. This in turn will result in the creation of even bigger supporting industries such as casting, hard chroming, machining, production of dies components, logistics and calibration, he said.
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