AEGON N.V. (NYSE:AEG) CEO Alex Wynaendts outline the actions being taken in the United States and Asia to sharpen its focus and capture additional operational and cost efficiencies to strengthen the company's position in its core businesses: life insurance, pensions and asset management. Mr. Wynaendts and other senior management previously hosted Aegon's annual Analyst & Investor Conference in New York City.
AEGON N.V., through its subsidiaries, provides life insurance, pensions, and investment products in the Americas, Europe, and Asia. The company also involves in accident, supplemental health, general insurance, and banking activities. Its life insurance products include permanent and universal insurance; traditional life products, such as life insurance sold as part of defined benefit pension plans.
American Video Teleconferencing Corp. (AVOT.PK) - Rare-earth metals include terbium, which finds use in flat-panel TVs and high-efficiency fluorescent lamps, and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth metals are not indeed rare. The series of nonferrous metals is common in the environment. According to Design Chain Associates, most rare-earth metals are as common as copper, and even the rarest is more common than gold.
Part of the market pressure on rare-earth metals comes from new demands that green technologies has prompted. The market, including electric- and hybrid-vehicle motors and wind turbines, requires magnets.
AVOT has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. The company believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. The Province of Quebec is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
A draft of a Chinese rare earths plan for 2009-2015 expresses that China's own industrial requirement could soon cause restrictions or bans on the export of rare earths.
The company will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Alpine Global Premier Properties (NYSE:AWP) Fund’s Board of Trustees has declared a distribution in the amount of $0.305 per share. The distribution will be payable on January 28, 2011 to shareholders of record at the close of business on December 31, 2010, with an ex-dividend date of December 29, 2010. The distribution will be paid in shares of the Fund’s common shares. Shareholders may, however, request that their distribution be paid in cash in lieu of common shares. The Fund will limit the aggregate amount of cash to be paid out in the distribution to all shareholders to 10% of the aggregate dollar amount of the total distribution. If cash distribution requests exceed this limit, the Fund will pro-rate the cash distributions among all shareholders who have made such requests, based on the amounts requested. Shareholders electing to receive their distribution in cash, will receive their pro-rata portion in cash and the balance in the common shares of the Fund. Shareholder requests to receive cash in lieu of stock must be received by Boston Financial Data Services Inc., the Fund’s transfer agent, no later than 4:00 p.m. (New York time) on January 20, 2011. All fractional shares will be paid in cash based on the “last sale” on the record date.
Power3 Medical Products, Inc. (PWRM.OB) has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China, and has published 6 articles in peer-reviewed scientific journals on the subject. Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
Amyotrophic lateral sclerosis is a form of motor neuron disease. ALS is a progressive, fatal, neurodegenerative disease caused by the degeneration of motor neurons, the nerve cells in the central nervous system that control voluntary muscle movement. The condition is often called Lou Gehrig's disease in North America, after the famous New York Yankees baseball player who was diagnosed with the disease in 1939.
PWRM filed several patent applications for its NuroPro technology that are currently pending.
Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with PWRM remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011.
Rozetta-Cell is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. The company has a robust intellectual property portfolio and has created numerous products for adult stem cell therapy that are ready for market globally. Rozetta-Cell also has several collaborations in process through which it is partnering with industry-leading adult stem cell research companies and adult stem cell vendors.
For more information about this company please visit http://www.power3medical.com
Gramercy Capital Corp. (NYSE:GKK) reported the closing of the previously announced sale of certain real estate investments to SL Green Realty Corp. for an aggregate price of approximately $390.8 million, including the assumption by SL Green of approximately $265.6 million in debt. The transactions closed on substantially the same terms as previously disclosed and produced approximately $89.8 million of unrestricted cash for the Company and approximately $39.0 million of restricted cash for one of the Company’s three CDOs.
Gramercy Capital Corp. is a real estate investment trust specializing in the origination and acquisition of first mortgage loans; subordinate interests in whole loans (B Notes); mezzanine financing; preferred equity; bridge loans; and permanent loans. The firm provides its services to public and private property owners, financial institutions, mortgage brokers, and other intermediaries.
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