In a further expansion of its short-term interest rate product offerings, CME Group, the world’s largest and most diverse derivatives exchange, today announced plans to offer 3-month Overnight Index Swaps (OIS) futures and options on futures. The futures contract is scheduled to become available on Sunday, September 7, 2008, for a trade date of September [...]
EastBridge Investment Group (EBIG) (OTC BB:EBIG.OB - News) today announced that its auditor CPA firm, Jewett, Schwartz, Wolfe & Associates, Hollywood, Florida, is scheduled to travel to China to do post-examination site visits with three EastBridge clients in early September, 2008. The three clients, Wenda Education Group, Yewo Group and HuanWai Pharmaceutical are scheduled to [...]
The NASDAQ OMX Group, Inc. (NasdaqGS:NDAQ - News) announced the introduction today of the NASDAQ OMX Global Agriculture Index(sm) (Nasdaq:QAGR), a new global benchmark for NASDAQ OMX. The NASDAQ OMX Global Agriculture Index is a modified market-capitalization weighted index comprised of the largest and most liquid companies engaged in agriculture and farming related activities that [...]
The leader in Integrated Provider Management solutions, announced today that the Monroe Plan for Medical Care has successfully deployed a hosted version of the Portico Provider Network Operations (PNO) solution. Implementation was achieved in fewer than 90 days. The Monroe Plan is a non-profit, IPA managed care organization serving the Western, Finger Lakes, and Southern [...]
The Russian Venture Company (RVC), created by that country’s government, has set out to hand over $1.25 billion to top-tier venture capital firms. The venture firms have to invest the money–along with some of their own money–into Russian start-ups, or start-ups created by Russian expatriates that are based in Russia.
The terms, though, are generous. The [...]
The government is seizing the management of the “veteran” pension fund belonging to the National Workers Organization because of insider transactions carried out without the fund’s greater good in mind.
Yadin Antebi, the commissioner of capital markets, insurance and savings at the Finance Ministry, yesterday told the National Workers Organization (Histadrut Ovdim Leumit, which is not [...]
ASI has formally announced an investment in UK-based online wellness marketplace, Wahanda. Wahanda will bring together transactional abilities (to find, book and purchase treatments or vouchers) with a thriving interactive user community of recommendations, reviews, and information. The site, which is live now and will be fully transactional in September, is on track to become [...]
Start-up Solaria said on Monday that German solar heavyweight Q-Cells has led a $50 million investment in the company and committed to a long-term solar cell supply deal. Based in Fremont, Calif., Solaria has designed a solar panel around proprietary plastic lenses that magnify the light on solar cells. By concentrating more sunlight onto traditional [...]
Salesforce.com’s $25 million venture-capital fund could be great for developers, say analysts, as long as they prepare carefully for providing support to a global market. Salesforce, with VC partners Bay Partners and Bessemer Venture Partners, has announced it will offer about 50 software start-up companies $500,000 each to develop on-demand applications on Salesforce’s platform, Force.com.
The [...]
Northern Trust Corp.’s conservative approach has enabled it to avoid a lot of the problems that have affected competitors and has it thinking about growth, its chief financial officer said.
Even though Northern Trust is not immune to the challenges facing the market, “we continue to focus on our conservative management process,” Steven L. Fradkin, its [...]
