| Taro Files 2005 Form 20-F Following Completion of 2005 Audit
HAWTHORNE, N.Y.-(Business Wire)-March 20, 2007 - Taro Pharmaceutical Industries Ltd. ("Taro," the "Company," Pink Sheets: TAROF) today reported that the audit of its 2005 results has been completed, and the Company has filed its annual report for the year ended December 31, 2005 on Form 20-F (the "2005 Form 20-F") with the U.S. Securities and Exchange Commission ("SEC"). The audited results for 2005 and restated results for 2004 are lower than previously provided unaudited estimates, as described below. In addition, Taro announced that, with the assistance of its financial advisor, The Blackstone Group, the Company is in discussions and negotiations with several interested parties regarding a number of strategic alternatives that would provide for Taro to continue as a growing business, all of which contemplate the repayment of all outstanding loans and bonds in full.
Mavent Appoints Steve Ridder Vice President of Sales
IRVINE, Calif.--(BUSINESS WIRE)--Mavent Inc., a leading provider of automated compliance solutions to the financial services industry, has added compliance technology veteran Steve Ridder as vice president of Sales. Ridder brings to Mavent extensive knowledge of the regulatory climate in the mortgage industry and a proven record of helping mortgage lenders and investors apply technology to improve quality control and due diligence within an organization. He has more than 13 years of experience in quality assurance and business-to-business technology sales, with more than four years experience in the sales of automated compliance technology. As vice president, he is responsible for the innovative application of both the Mavent Expert System, its front end portal, MC2, and other integrated products and services to meet the unique needs of lenders, investors and other potential clients or distribution partners.
Making The Watchlist: Assurant Names Senior Vice President
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the NYSE market has brought this company to the attention of our research team. Assurant, Inc. ("Assurant") (NYSE: AIZ), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer. Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that Ronny B. Lancaster, Assurant's senior vice president, federal government relations, will succeed Edwin L. Harper as senior vice president, public affairs and government relations, effective April 1, 2007.
HandHeld Reports Fourth Quarter and Full Year 2006 Results ...
SAN FRANCISCO -- HandHeld Entertainment, Inc. (NASDAQ:ZVUE), a global digital-media-to-go company, today reported financial results for its fourth quarter and full year ended December 31, 2006. "Our fourth quarter revenue was nearly double the revenue from the first nine months of the year," said Jeff Oscodar, president and chief executive officer of HandHeld. "Our bottom line results are improving, our balance sheet supports our growth strategy and our revenues have increased." Revenue for the fourth quarter of 2006 was $2.5 million, a 148% increase compared to $1.0 million in the fourth quarter of 2005. For the year ended December 31, 2006, revenue was $3.8 million, a 93% increase compared to $2.0 million for the year ended December 31, 2005. Net loss for the fourth quarter of 2006 was $2.3 million, or $0.20 per fully diluted share, compared to a net loss of $2.9 million, or $0.64 per fully diluted share, in the fourth quarter of 2005.
Marshall library to offer Consumer Health Online program
The Marshall District Library will offer Consumer Health Online on Tuesday, April 24, at 6 p.m. In this free class, adult patrons will learn about various online resources that are available when researching health issues. The instructor for this informative class will be Angela Semifero, Deputy Director and Head of Technical Services at Marshall District Library. Ms. Semifero holds a Masters in Library and Information Science from Wayne State University. .
Legislature could expand school tax breaks
Over the past few years, school districts have granted hundreds of millions of dollars' worth of tax breaks to business projects across the state: wind farms in West Texas, giant refineries along the Gulf Coast, a Toyota truck plant in San Antonio. School boards can afford to be generous. Under a state law, as long as they give tax breaks to businesses in certain industries that meet wage and benefits standards, the state reimburses them for lost property tax revenue. .
Forget salary, count on your bonus
MUMBAI: The deal-makers are ensuring that they get the best deal after all. Asset management companies (AMCs) and brokerages are two areas where employees are expected to get fat year-end paychecks. Some HR consultants say this could be twice the salary. Take for example HSBC. Sources close to HSBC securities say this year the number could even go to three times. The firm refused to comment when contacted. Stock analysts and fund managers are the prime candidates for huge bonuses — riding the highs of the equity markets. Throughout the year the equity markets have seen an uptrend and till recently the stock index has given returns to the extent of 30% over the last one year, before the markets crashed, after the budget. "Bonus in private equity and investment banking could be anywhere from 100-200 % of the fixed salary, depending on the deals.
Property sector doing well across all sectors, foreign demand ...
SINGAPORE: The Singapore property market has been performing well on a broad front across all sectors over the last two years to three years. And according to National Development Minister Mah Bow Tan, a good part of it is due to strong foreign investment in Singapore's real estate. Speaking at the Cityscape Asia property exhibition, he cited private sector figures which showed that Singapore's property market attracted a five-fold increase in foreign investment to S$5.4 billion last year, compared with 2004. The Minister also said that the government is furthering its efforts to make Singapore more vibrant and exciting to attract even more overseas real estate investors. Figures showed Singapore's property market is on the roll. In the office sector, demand for space hit a six-year high in 2006.
|
