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Third Avenue Management Buys Genesee & Wyoming Inc., MBIA Inc., Forest City Enterprises Inc., Sells The ... (Guru Focus)
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Third Avenue Management, founded by legendary investor Marty Whitman, looks for cheap and safe investments. They had some quite contrarian plays these days with MBIA, Radian, Ambac etc. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.
 
Peachtree Renews $50 Million Facility for Life Insurance Premium Finance (Business Wire via Yahoo! Finance)
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BOYNTON BEACH, Fla.----Peachtree Settlement Funding announced the renewal of a $50 Million credit facility for use in its life insurance premium finance business. The credit facility will be used to fund the firm's Senior Leverage Policy Ownership business, which works with individuals and their estate planners to use the leveraged ownership of life insurance as part of an estate planning ...
 
Peachtree Renews $140 Million Credit Facility for Structured Settlements & Annuities (Centre Daily Times)
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Peachtree announces that it has recently renewed a $140 Million credit facility for the acquisition of structured legal settlement payments and annuities.
 
Zealous Trading Group, Inc. Closes on Merger with Zealous Holdings, Inc. and New Sub ASNI-II, Inc. (Centre Daily Times)
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Zealous Trading Group, Inc. (OTCBB:ZLST) ("Zealous") (www.ZealousATS.com) announced today that per that certain July 16, 2007 Agreement and Plan of Merger ("Merger Agreement"), it has executed the merger as of May 9, 2008. The Merger Agreement was executed with Zealous' wholly-owned subsidiary, ASNI-II, Inc., a Delaware corporation ("ASNI-II") and Zealous Holdings, Inc., a Delaware ...
 
ING Canada Reports 2008 First Quarter Results (CNW Group via Yahoo! Finance)
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ING Canada Inc. reported net operating income of $70.2 million or $0.56 per share for the quarter ended March 31, 2008 down from $112.8 million or $0.84 per share recorded in the same quarter of last year as a result of the severe storms that hit Central Canada over the winter months.
 
Wachovia to enlist external analysts (The Charlotte Observer)
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Under fire for a spate of regulatory and financial missteps, Wachovia Corp. on Monday said it will hire an outside party to analyze its internal controls and risk management practices. Chief executive Ken Thompson, in his first public remarks since losing his chairman post last week, also touted the Charlotte bank's strengths, saying a recent string of bad news should not give the perception of ...
 
Stiff sentence for young drug defendant (The Citizen of Laconia)
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An 18-year-old city woman with no prior criminal record was sentenced to serve a year in the county jail on Tuesday after she pleaded guilty to helping to sell the methadone that led to the overdose death of Raymond Delucca.
 
Wall Street firm refunds money to local towns (Westborough News)
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UBS Financial Services Inc. will return more than $35 million to 16 cities and towns in Massachusetts, including Hudson, Westborough and Wayland, Attorney General Martha Coakley's office announced Wednesday.
 
Drug company payoffs to stall generics under U.S. government scrutiny (International Herald Tribune)
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The Federal Trade Commission and Congress are attempting to halt a practice by major pharmaceutical companies to pay makers of generic drugs to delay putting less expensive medicines on the market.
 
Company Law (Mondaq)
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On 23 April 2008, ASIC released Investing in debentures? Independent guide for investors reading a prospectus for unlisted debentures (Guide), to help investors considering investment in unlisted debenture products.