| US justice officials investigate money transfers at ABN
Barclays' battle for control of ABN Amro took a fresh twist last night after it emerged that an investigation by the US Justice Department into past money transfers at the Dutch bank presented a major obstacle to signing the deal. The Wall Street Journal reported that ABN is trying to reach a settlement with the Justice Department but is facing time pressure, while Barclays wants greater reassurance that the matter can be resolved before signing a deal to buy ABN within the next two weeks. Barclays does not want to inherit the risk of a criminal investigation, sources close to the inquiry said. .
Miami Home Sales in First Quarter of 2007 Continue on Downward ...
A sluggish real estate market continues in Miami, Miami Beach and surrounding South Florida communities, and foreclosures are up, according to Alex Shay, a prominent Miami Beach real estate broker, whose award winning website (www.alexshay.com), features some of the most beautiful residential real estate in all of the world. Miami, FL (PRWeb) April 10, 2007 -- Real estate sales remained sluggish in the Miami during the first quarter of 2007, and foreclosures were up, according to prominent real estate broker Alex Shay (www.alexshay.com), a specialist in high-end residential real estate in Miami, Florida. There were an inordinately high number of homes and condominiums on the market for sale, with few buyers, during the first 3 months of this year. A residential property analysis of homes and condominiums in Dade County, which includes Miami and Miami Beach, as well as a number of other surrounding communities, told a clear and undeniable story.
Katy Industries, Inc. Announces NYSE Will Suspend Trading of Its ...
ARLINGTON, Va., April 9 /PRNewswire-FirstCall/ -- Katy Industries, Inc. ("Katy") announced today that the New York Stock Exchange expects to suspend trading of Katy's shares of common stock prior to the opening on April 13, 2007. The New York Stock Exchange notified Katy that it did not comply with the continuing listing standards of the New York Stock Exchange in November 2005. Katy does not meet the required market capitalization level of $75.0 million over a consecutive thirty day trading day period or the required total stockholders' equity of not less than $75.0 million. Katy expects the New York Stock Exchange will proceed in delisting Katy's shares with the Securities and Exchange Commission, pending the completion of applicable procedures. It is currently expected that the stock will trade on the OTC Bulletin Board, upon approval of its application.
Three Smallcap Energy Stocks to Consider
Thomas Kelly submits: On Monday morning I decided to add three new holdings to my portfolio. Readers know that I have been sounding the inflation alarm for the last few weeks, and my new purchases reflect a desire to hedge against inflation, especially with the PPI due on Friday. My reasoning for each new buy is below. SXR Uranium One (SXRFF.PK) – I decided to add SXR Uranium One to the portfolio yesterday after reading (via Paladin's most recent press release) that the uranium price had jumped to $113/lb, the largest one-week increase since the data began to be reported almost 40 years ago. I have followed SXR only a bit in previous articles, but they have recently brought online a large new uranium project in South Africa. In addition, they have just managed to acquire UrAsia at what appears to me to be a fairly reasonable price.
Invest pension billions in infrastructure, economist says
You may not always have as much cash as you'd like in your bank account, your pocket or your purse, but we Canadians — especially the baby boomers — have an awful lot of money salted away.
Most of it — in the range of $1.5 trillion — is in retirement savings, either through company pension plans, RRSPs or the Canada Pension Plan. This is so much money that it's getting hard to find good places to park it. The result is a net outflow of $30 billion a year of Canadians' savings into offshore investments.
Enter William Robson, a guy with what he thinks is a better idea with what to do with all this cash. He doesn't exactly have a bridge to sell you, but he does think you might want your money used to buy one — or a road, a waterworks, an airport, or maybe a power plant or a transmission line or two.
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