MoneyGram International Inc. (MGI) announced the expansion of MoneyGram Rewards into Canada, a loyalty program that offers members fee discounts, receive notices, and fast and convenient money transfers.  MoneyGram Rewards were expanded earlier this year into Germany, Spain and France. It was first introduced in the U.S. in 2008 and now has more than 3.5 million customers who enjoy the benefits of membership, which include discounted transactions, a personalized card for expediting money transfers, quarterly statements and the ability to manage one’s account and profile online.  Further in September, MoneyGram added a feature to the program that allows members to be notified via SMS text message when their money transfer transaction has been picked up by the receiver.  The expansion of the program is a part of MoneyGram’s growth plans in Canada. In July, the company announced the roll-out of thousands of additional Canada Post ...

Those were the top named service requests reported by Pre-Paid Legal Services (NYSE: PPD) based on input from their participating law firms.  Pre-paid legal services provides specified legal services to their members.

“The Pre-Paid Legal Services Top Five List is intended to be a ’snap-shot’ of the issues that legal service plan members are facing today, and given the economic hardships that so many Americans are experiencing, it’s not a pretty picture,” said Pre-Paid Legal Services Founder and CEO Harland C. Stonecipher.

Debt collection activities by the lender, or service provider owed the money, don’t have the same restrictions as activities by debt collection agencies. Debt collection agencies must stop harassment when requested by the debtor.

The Federal Trade Commission (FTC) protects consumers from abusive actions by debt collectors.  Debt collectors are defined more broadly than just agencies.  It also includes attorneys who attempt to collect debts on a regular basis, as

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Recently, Mylan (MYL) announced the settlement of its dispute with Pfizer (PFE) related to the patent of antifungal drug Vfend (voriconazole). Now Mylan can launch an authorized generic version of the drug in two dosage forms of 50 mg and 200 mg tablets in early 2011. Mylan’s subsidiary, Matrix Laboratories, has Food and Drug Administration (FDA) approval for the generic version of the drug. Being the first company to submit an Abbreviated New Drug Application (ANDA), Matrix expects to be eligible to receive 180 days of marketing exclusivity for the drug. However, the agreement does not include liquid or intravenous versions of Vfend. The agreement has yet to be approved by the US Department of Justice and the Federal Trade Commission. Vfend recorded sales of $164 million in the 12 months ended June 30. Mylan received quite a few approvals in the past few ...

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Thursday October 8, 2009

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XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH), manufacturer and distributor of industrial biofuels, reports September sales of $1.8 million and improved profitability, along with a 77% increase over August in fuel delivery volume. Revenues since June now exceed $3 million. September fuel deliveries approached 600,000 gallons, despite heavy rains and flooding in the company’s core southeastern market.

Petroleum & Resources Corporation (NYSE: PEO) today announced its performance for the nine-month period ended September 30, 2009. The total

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Adobe Systems (ADBE) yesterday announced the termination of the legal waiting period mandatory under the amended Hart-Scott-Rodino Antitrust Improvements Act of 1976. The expiry of the waiting period was announced by the FTC in one of its customary listings of approved deals.   The approval is with respect to Adobe’s proposed acquisition of Omniture Inc. (OMTR) announced on Sept 15. On Sept 24, Adobe formally offered to buy Omniture through its wholly owned subsidiary, Snowbird Acquisition Corp. for $1.8 billion in cash.   Adobe’s financial advisor is Goldman Sachs Group (GS) while Omniture’s is Morgan Stanley (MS).   The grant of regulatory approval means that the two companies may now go ahead with the procedures necessary to close the deal. Omniture shareholders have until Oct 22 to approve the takeover, unless Adobe decides to extend the period.   Post acquisition, Omniture will operate as ...

Arch Coal (ACI) recently extended the size and maturity of its senior secured revolving credit facility. The existing drawing limit under the credit line was raised to $860 million from $800 million through June 2011.

From June 2011, the company will have borrowing right of $763 million through March 2013, which may further be raised up to $800 million. The credit line extension will strengthen Arch Coal’s liquidity position and provide greater financial flexibility to pursue attractive growth opportunities going forward.

Last week, the company obtained clearance from the Federal Trade Commission (FTC) for acquiring the Jacobs Ranch mine in Wyoming from Rio Tinto (RTP). The $761 million deal will give Arch Coal control over around 381 million tons of high-grade, low-cost coal reserves adjacent to its Black Thunder mine and several operating synergies that will provide significant value for it shareholders. Last month, it had raised

...

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Monday August 31, 2009

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Cavalier Homes, Inc. (NYSE Amex: CAV) today announced that the Federal Trade Commission has completed its investigation regarding the proposed merger of the Company with Southern Energy Homes, Inc. The closing of the merger is scheduled to take place on September 1, 2009. Accordingly, it is expected that Cavalier’s shares will cease trading on the NYSE Amex market at the close of business Tuesday.

Imperial Capital announced today the closing of a $25.35 million common stock offering for China Security & Surveillance Technology, Inc. (NYSE: CSR), a leading provider of digital surveillance technology in the

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Thursday August 27, 2009

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OLB Group, Inc. (OTC BB: OLBG), an e-commerce service provider that has software products and services designed to help businesses sell products over the internet, announced today that the company has initiated an extensive direct marketing campaign throughout the US. to increase its current subscription base.

Hall of Fame Beverages, Inc. (PINKSHEETS: HFBG) would like to clarify their most recent release. CEO Calvin Ross states, “In the recent press of Star & Bucwild, Hall of Fame Beverages referred to the NY Radio Personalities as ‘Shock Jocks.’ This statement was not meant to be derogatory in any way. Hall of Fame

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Monsanto Corp. (NYSE: MON), the world’s largest seed maker, says it’s on track to more than double its 2007 profit by the year 2012 and is expecting a “technology explosion” to provide even stronger products going forward. But while Monsanto continues to build on its reputation as a cutting edge agricultural business, it is also under siege by competitors and advocacy groups who claim the company is a monopoly.

The St. Louis-based Monsanto said in June that its fiscal third-quarter earnings fell to $694 million, or $1.25 a share, from $811 million, or $1.45 a share, in the same period a year ago. Sales slipped to $3.16 billion from $3.54 billion last year. The company also said its annual earnings would likely be at the low end of its $4.40 to $4.50 a share forecast range.

That’s not very impressive for a company that last year posted record net sales

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On July 17, 2009, South San Francisco-based life science company Monogram Biosciences, Inc. (MGRM) and North Carolina-based clinical laboratory company Laboratory Corp. of America Holdings (LH) announced that the proposed acquisition of the former is well on its way since the waiting period under Hart-Scott-Rodino has expired with neither the Federal Trade Commission nor the U.S. Department of Justice acting.   The acquisition of Monogram by LabCorp was announced in June this year for about $106.7 million in cash. In addition, LabCorp had agreed to assume about $48 million in debt. With an eye on the acquisition, the clinical laboratory company initiated a tender offer on July 1, 2009 for all of the outstanding shares of common stock of Monogram for $4.55 per share in cash. The offer is scheduled to expire on July 29 unless otherwise extended.   The transaction, which is expected to close in ...