Bern (ots) - The new Gotthard Base Tunnel - at 57 kilometres the longest railway tunnel in the world - will achieve breakthrough on October 15, 2010. swissinfo.ch is devoting a multimedia special dossier to this important stage in the new transalpine transit route, explaining the most important aspects of the ...
Berne (ots) - The Swiss people decided at the weekend to ban the building of minarets in the country. swissinfo.ch has for months been closely following and reporting on the process leading up to acceptance of the people?s initiative. Switzerland?s direct democracy means that it is citizens who have the last word on important political decisions. At the weekend Swiss voted, with a majority of 58 per cent, to ...
Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today provided an update on plans for completion of a feasibility study in 2008 for the Tejamen Silver Property ("Tejamen"), State of Durango, Mexico. Discussions with representatives of the Ejido (local village and surrounding lands) continue to progress well, although more slowly than anticipated. Oremex has generated significant support for development of Tejamen from State, ...
New York (ots/PRNewswire) - Duff & Phelps Corporation (NYSE: DUF), a leading provider of independent financial advisory and investment banking services, today announced that Atsuo Andy Watanabe has joined the firm as a Managing Director to lead the Tokyo office. Duff & Phelps also announced that Yasuo Ando joined the firm as a Director in the Tokyo office. Mr. Ando is a seasoned professional with many years of ...
Minneapolis, November 21 (ots/PRNewswire) - Residential Capital, LLC (ResCap) today announced that it has commenced a cash tender offer for its debt securities listed in the table below (the notes). ResCap is offering to purchase up to US$750 million aggregate principal amount (the maximum tender amount) of ...
Dietlikon, Zurich (ots) - The Board of Directors of Implenia AG has noted the announcement by Laxey Partners Ltd. of its intention to make an offer for the whole of the issued share capital of Implenia at a price of CHF 33.23 per share. The Board of Directors is considering its position and will be making an announcement and writing to all shareholders with its response and advice to shareholders in the immediate future. Notice: We have no further comment ...
Zurich (ots) - After nearly two years of renovation and restoration, Clariden Leu is opening the landmark building known as Metropol, which will become the bank's second prestigious office building in the heart of Zurich. Thanks to the building's new multi-purpose hall and the METROPOL restaurant, which is operated by Zurich based Kramer Gastronomie, much of the ...
Balsthal (ots) - Switzerland not only builds the longest tunnels in the world, but also wants to offer users maximum safety: in Balsthal (SO) and Lungern (OW), training facilities are currently being constructed in which rescue organizations can optimally prepare for deployment in underground transportation systems. In order to effectively rescue people and fight fires, fire departments must be able to access ...
Starr International Company, Inc.
New York (ots/PRNewswire) - Starr International Company, Inc. ("SICO"), through its wholly-owned subsidiary Starr Investments Cayman I, Inc., acquired a substantial shareholding in Discovery Russian Realty Paveletskaya Project Limited, a real estate development company which will develop a mixed use complex in the Paveletskaya business area in Moscow. ...
Vancouver, Canada (ots/PRNewswire) - Mawson Resources Limited ("Mawson") (TSXv - MAW; Frankfurt - MRY). Michael Hudson, President & CEO, announced today that the Company had secured four uranium exploration claims totaling 11,400 hectares in the Salamanca uranium mining district of Western Spain. The ground was awarded to Mawson after a competitive public tender over areas previously held by the Spanish Government ...
Vancouver , Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that, at a meeting of the Ejido (local village and surrounding lands) on Sunday, February 25, the Ejido authority elected not to renew the Company's surface access permit for the Tejamen Silver Property. While continuing to work with the Ejido in ongoing attempts to secure access to the surface rights, the Company is now initiating formal proceedings under ...
New York (ots/PRNewswire) - Duff & Phelps, one of the world's leading independent financial advisory firms, has announced the opening of a new office in Paris, France as part of its continued European expansion. Yann Magnan has joined the firm as a Managing Director to open and lead the Paris office. He has more than 11 years of experience, advising clients on international transactions, corporate finance and related valuation matters, including business ...
New York (ots/PRNewswire) - Duff & Phelps, one of the world's leading independent financial advisory firms, is pleased to announce the opening of a new office in Munich, Germany as part of its continued global expansion. Dr. Christian Aders has joined Duff & Phelps as a Managing Director to head the Munich office. Dr. Aders was previously a Partner at the corporate finance department of KPMG in Munich. ...
Tanzanian Royalty Exploration Corporation
Vancouver, Canada (ots/PRNewswire) - Tanzanian Royalty Exploration Corporation is pleased to announce that it has negotiated the repurchase of its rights to the Kigosi property, including all related camp and equipment, along with the purchase of a non-associated property, the Dongo, from AngloGold-Ashanti in a transaction valued at USD$900,000. The price of the ...
Paris (ots/PRNewswire) - European Capital, S.A. SICAR announced today it has invested euro 13 million (US$16 million) in the mezzanine facility of Poliris, the leading French online publisher of real estate housing listings for real estate agencies. European Capital's investment represents a majority share of the ...
General Motors Acceptance Corporation
Detroit (ots/PRNewswire) - General Motors Acceptance Corporation (GMAC), the financial services subsidiary of General Motors Corporation (NYSE: GM), announced today that it has entered into a definitive agreement to sell a 60 percent equity interest in its commercial mortgage subsidiary, GMAC Commercial Holding ...
Beaverton, Oregon (ots/PRNewswire) - Nike, Inc. reports double-digit revenue growth for fiscal 2005; EPS up 28 percent to US$4.48; Worldwide futures orders increase 9.5 percent Highlights: - Fiscal 2005 revenues up 12 percent to US$13.7 billion, earnings per diluted share up 28 percent to US$4.48 ...
Springfield, Massachesetts (ots/PRNewswire) - - Combined Assets Under Management Exceed US$350 Billion MassMutual Financial Group announced today the completion of the acquisition of the global investment management activities of Baring Asset Management Limited from ING Group. Under terms of the agreement, a subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), purchased Baring Asset ...
London (ots/PRNewswire) - Eurocastle Investment Limited (LSE: ECT), an investment company managed by Fortress Investment Group LLC, today announced the acquisition of a portfolio of 109 properties from Deutsche Bank AG for approximately Euro 300 million. The properties predominately consist of office buildings and are largely occupied by Deutsche Bank. The bank will continue to occupy most of their current space on a ...
Philadelphia (ots/PRNewswire) - Radian Group Inc. (NYSE: RDN) today unveiled its new Web site at radian.biz (http://www.radian.biz). The site offers a more comprehensive and user-friendly experience for visitors, which is enhanced by a fresh, new design, intuitive navigation and more robust information about Radian's financials, businesses and products. Radian.biz will continue to provide important online ...
Seattle (ots/PRNewswire) - - Leading South African Retailer Musica Chooses Loudeye's OD2 Services to Launch Privately Branded Music Store Loudeye Corp. (Nasdaq: LOUD), a worldwide leader in business-to-business digital media solutions, today announced the expansion of its OD2 services into South Africa through the launch of a music store for leading retailer Musica. The music store, which will be available at ...
Toronto, November 24 (ots/PRNewswire) - The Ontario Municipal Board (OMB) granted their final decision and allowed Talon International Development Inc., developer of the Trump International Hotel & Tower, Toronto, permission to proceed with the development and increase the tower height by two additional floors. ...
Washington, November 19 (ots/PRNewswire) - Fannie Mae (NYSE: FNM) will redeem the principal amount indicated of the following securities issue on the redemption date indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption: All figures in USD Principal Security Interest Maturity CUSIP Redemption Amount Type Rate Date ...
Philadelphia, November 8 (ots/PRNewswire) - Radian Group Inc. (NYSE: RDN) will host an Investor Day on Thursday, November 11, from 9:30 a.m. to 3:00 p.m. Eastern time. The investor conference, which will be held at the American Management Association Conference Center in New York City, will feature presentations by Radian's senior management team and strategic partners. The speakers include Radian Chairman and CEO ...
- New production line for Belgian Pottelberg plant - Expansion of clay roof tile plant in Seltz, France - Investment of ¤ 33.5 to strengthen market position in Western Europe - New greenfield plant and expansion of capacity planned for Poland ¤ 33.5 million for growth in France and Belgium Vienna (ots) - Wienerberger continues to ...
Geneva/Vienna (ots) - REDEVCO Offices Switzerland has signed the first lease agreement for its brand new office development "LUMION". GESREP SA, one of the leading companies providing insurance and financial services in Geneva, is the first tenant who took the opportunity to open high tech offices just two minutes walking distance from Geneva Airport. Last month GESREP signed a long term lease contract ...
New York and Frankfurt, Germany (ots/PRNewswire) - Fortress Investment Group LLC ("Fortress") today announced that it has completed the acquisition of Germany's fourth largest residential housing company, GAGFAH, from the German federal government's social security and pension agency, Bundesversicherungsanstalt fuer Angestellte (or "BfA"). The transaction, which is ...
Orascom Development Holding AG
Cairo, Egypt (ots) - Orascom Construction Industries (stock symbols: OCIC.CA / ORCI EY / OCICq.L / ORSD LI) announced consolidated revenue of LE 1,232.4 million with a gross profit of LE 264.1 million (21.4% of revenue), earnings before interest, tax, depreciation and amortization (EBITDA)of LE 286.8 million ...
Frankfurt/Main, Germany (ots) - Contrary to a report published in "Handelsblatt", Fraport AG continues to participate as planned in the construction of the new International Passenger Terminal 3 (ITP3) at Ninoy Aquino International Airport in Manila, the capital of the Philippines. Fraport AG Frankfurt Airport Services Worldwide holds a direct 30-percent share in PIATCO, the ITP3 project company. In ...