Range Resources Decides to Sell its Ohio Properties
Submitted by Aaron Ross on Mon, 02/08/2010 - 23:06Range Resources Corp. announced that it has reached a decision agreeing to sell its tight gas-sand properties in Ohio to EV Energy Partners LP (EVEP) and some institutional partnerships managed by EnerVest Ltd. for $330 million.
Peter Hancock Appointed by AIG to Oversee Risk and Derivatives Divisions
Submitted by Dominic Haber on Mon, 02/08/2010 - 22:40Official announcement have confirmed that the American International Group Inc. has appointed Peter Hancock, once described by an ex-employer as an "architect" of derivatives business, to overlook the group's finance and risk, in addition to the company's money-losing credit-default swap division.
Wi-LAN Announces To Sign Patent-Dispute Settlement With Telus
Submitted by Aaron Ross on Mon, 02/08/2010 - 22:24Technology licensing firm Wi-LAN Inc announced on Monday that it has signed a letter of intent to settle a lawsuit filed against it by Canada's No. 2 phone company Telus Corp.
Hasbro's Earnings for Year's Fourth-Quarter Beat Estimates, Shares Climb
Submitted by Justin Sorkin on Mon, 02/08/2010 - 22:18Manufacturer of "Transformers" robot toys, Hasbro Inc., managed to rise by 7.5% in early trading, mainly on the back of posting fourth-quarter earnings that beat the average estimate pegged by analysts.
After Toyota Recall Plants Back to Work
Submitted by Dominic Haber on Mon, 02/08/2010 - 18:46Toyota is going to start the production again in the wake of temporary shutdowns at the automaker's Woodstock and Cambridge assembly plants. Human Resources Manager, Roy Winger, says Toyota will return to the full production today with the same compliment of staff.
Niko to Acquire Voyager Energy in $37.6-Million Stock Transaction
Submitted by Aaron Ross on Mon, 02/08/2010 - 18:35Niko Resources Limited has decided to buy Voyager Energy Limited which is private junior oil and Natural Gas Exploration Company and a partner in Niko's 2AB exploration block in Trinidad. 2AB Block is a shallow water exploration block which covers about 16,000 square kilometers off the coast of the country.
Ethel Appoints MCR as Administrator
Submitted by Sarabjit Heera on Mon, 02/08/2010 - 17:22After failing to raise sufficient revenues, Ethel Austin and sister homewares chain Au Naturale, appointed MCR as administrator.
Ethel Austin, which was bought out of administration in 2008 by former MK One boss Elaine McPherson, has almost 300 stores across Britain.
Lawsuit Alleges Nokia for Hiding Production Details
Submitted by Amandeep Dhaliwal on Mon, 02/08/2010 - 17:18A lawsuit filed by Coughlin Stoia Geller Rudman & Robbins, in the U. S. District Court for the Southern District of New York, alleges that the mobile phone giant, Nokia, committed securities fraud by concealing information about production delays and price cuts, in 2008.
‘Mass Effect 2’ Game Begins
Submitted by Dominic Haber on Mon, 02/08/2010 - 15:34Bioware has designed a game “Mass Effect 2” which offers the choice to bring in characters from the original “Mass Effect”. The opening scene of the “Mass Effect 2” was breathtaking and irresistible as the fast paced action of the ten minutes was jam-packed with tension that was constant throughout the game.
Chief of SAP Resigns, Co-CEOs Take Over
Submitted by Dominic Haber on Mon, 02/08/2010 - 11:02On Sunday, Leo Apotheker, the Chief Executive of SAP AG unexpectedly and abruptly resigned, as the giant software company of Germany announced that it would be returning to a dual-CEO structure.
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