December 31, 2007

Dubai World raises stake in MGM Mirage

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State-owned investment company Dubai World said on Friday it bought 5 million shares of MGM Mirage, the world’s No. via XtraMSN Real Estate

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EST Announces Agreement with the Convertible Debenture Holders

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“This change in the repayment schedule of the convertible debentures will provide the company with needed relief as we continue to pursue opportunities to raise additional capital.” Barry S. Howe, President and CEO, stated: “This change in the repayment schedule of the convertible debentures will provide the company with needed relief as we continue to pursue opportunities to raise … via PR-inside.com

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Probes add to banks’ worries in mortgage crisis

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“This is one of those situations, kind of like the Internet bubble, where everybody and his brother guessed wrong” The nation’s largest banks are losing billions of dollars from the mortgage debacle. via The Press Democrat

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Peoples Bancorp Announces Plan to End SEC Reporting and NASDAQ Listing

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Peoples Bancorp announced today that its Board of Directors has approved a plan to end the Corporation’s obligation to file reports with the Securities and Exchange Commission . via PrimeNewswire

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IndieMV Media Group Inc. Acquired by Jake’s Trucking

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IndieMV Media Group, Inc. and Jake’s Trucking International Inc. announced that the acquisition of IndieMV Media Group, Inc. via Digital Game Developer

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Remington to Pay $41.7M for Marlin

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Remington Arms Co. Inc. plans to buy Marlin Firearms Co. for about $41.7 million, Remington said in a filing with the U.S. Securities and Exchange Commission Friday. via International Business Times

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Con artists turn shell companies into cash

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“It typically costs about $100,000 to start one of those companies” Oklahoma lawyer John Heskett logged onto his computer one day in late June, 2005, to check out an inactive shell company owned by his clients who were considering using it in a business deal. via The Globe and Mail

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SEC fees on securities to rise

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As part of a bill funding the Securities and Exchange Commission and signed by President George W. Bush on Wednesday, the agency will raise registration fees paid by securities issuers. via InvestmentNews

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Travelers Cos. Settles Class Action Suit

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Property-casualty insurer Travelers Cos. Inc. said Monday it settled a class action lawsuit for an undisclosed amount, according to a filing with the Securities and Exchange Commission. via Forbes

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Isle of Capri Director Buys Shares

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A director of casino operator Isle of Capri Casinos Inc. bought 14,567 shares of common stock, according to a Securities and Exchange Commission filing Friday. via MSN Money

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