New York Oakland/Portland - November 18, 2009 - The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), Clean Edge, Inc., and First Trust Advisors L.P. have announced the launch of a new exchange traded fund (ETF) - the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID).

Kimco Realty Corporation (KIM), a real estate investment trust (REIT) operating the largest portfolio of neighborhood and community shopping centers in North America, has reported a decline in third quarter 2009 FFO (fund from operations) to $112.6 million or 30 cents per share from $176.9 million or 68 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.  The year-over-year decrease in FFO was due to the negative impact of non-cash impairments and charges related to early debt repayment. Excluding the one-time charges, FFO for the quarter was $117.9 million or 31 cents per share compared to $182.8 million or 70 cents per share in the year-ago period.  Overall occupancy in Kimco’s combined shopping center portfolio was 92.4% at quarter end. In ...

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Wednesday November 4, 2009

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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Time Warner Cable Inc (TWC) will launch the 4G WiMAX mobile broadband services in three North Carolina markets from Dec 1. The WiMAX connection will offer wireless data transmission at speeds five times faster than the 3G connections currently provided by the company. Under the brand name of “Road Runner Mobile", this super-fast mobile broadband network will support Internet speed of 6 Mbps with a monthly between $40 and $80 for customers with at least one other Time Warner Cable service.  The “Road Runner Mobile" service will provide its subscribers the convenience of mobility so that the customers can enjoy the WiMAX services on their devices anywhere they go within their service circle. The company also said that it plans to add new mobile services in the future, such as the ability to program a DVR from a mobile device and for customers to take their video ...

Sprint Nextel (S) has further expanded its fourth-generation (4G) wireless broadband network coverage to ten more U.S. markets. The third largest US carrier has officially launched commercial services in Salem (Oregon), Milledgeville (Georgia) and Texas cities of Amarillo , Killeen-Temple, Corpus Christi , Lubbock , Waco , Wichita Falls , Abilene and Midland-Odessa. This follows Sprint’s 4G service launches in Atlanta, Portland and Las Vegas in August 2009.   Sprint offers its 4G service under the "Sprint 4G" brand and leverages the WiMax (a mobile broadband technology) network operated by Clearwire Corp. (CLWR) in which it holds 51% stake. The 4G WiMax network offers up to 10 times faster network speeds than the existing 3G deployments. The download speeds enabled by the 4G WiMax network averages 3-6 megabits per second (Mbps) with peak speed exceeding 10 Mbps.    Subscribers across the newly launched markets can now ...

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Wednesday October 7, 2009

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Sprint (NYSE: S) and Samsung Telecommunications America (Samsung Mobile), the number one mobile phone provider in the United States1, today announced the upcoming availability of Samsung Moment(TM), Samsung’s first U.S. handset integrating the open and innovative Android(TM) platform with the high-speed connectivity of America’s most dependable 3G network2 (EVDO Rev. A.) and the best value in wireless with the Any Mobile, AnytimeSM calling feature.

Convergys Corporation (NYSE: CVG), a global leader in relationship management, announced today it

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Tuesday October 6, 2009

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Columbia Banking System, Inc. (Nasdaq: COLB) expects to report third quarter 2009 financial results on Thursday, October 29, 2009 at 6:15 a.m. PDT. Management will discuss these results on a conference call scheduled for that afternoon at 1:00 p.m. PDT (4:00 p.m. EDT). Interested parties may listen to this discussion by calling 1-888-318-7969; Conference ID code #34709998.

Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products

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CBS Corporation (CBS) announced the completion of the divestiture of its four radio stations – KINK-FM, KUPL-FM, KUFO-FM and KCMD-AM – in Portland, OR, to Alpha Broadcasting for $40 million in cash. CBS has been aggressively selling slower-growth radio stations in mid-sized markets to focus on large markets that promise real growth. Management is looking for accretive options to divest more radio stations since the market for station sales has improved. As the company divests non-core assets, it is leveraging its strong balance sheet to deploy cash in higher-growth interactive businesses that complement its core operations. Its acquisition of CNET Networks in June 2008 is notable. It also bought Last.fm, a global community-based music discovery network, in May 2007 for $280 million. Radio operations are in the middle of a secular industry decline and cyclical softening. Radio revenue fell 23% year over year in the ...

The Case-Schiller composite index of housing prices in 20 major metropolitan areas rose 0.7% on a seasonally adjusted basis in June, following an essentially unchanged reading in May. The not-seasonally-adjusted numbers were even better (and what most of the press coverage were initially focused on). However, there is a distinct seasonal pattern to housing prices, so it is better to focus on the seasonally adjusted numbers. The increase in prices was widespread, with 15 of the 20 areas seeing an increase -- better than expected, and extremely good news. In May, nine of the 20 cities were up. The news is still tentative, with much of the good news coming from a reduction in supply as banks have been letting the foreclosure pipeline build, and an increase in demand from the first-time homebuyer tax credit, which expires at the end of November. On a year-over-year basis, the composite 20 ...

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Friday August 21, 2009

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Albina Community Bancorp (OTCBB:ACBC), Portland’s only certified community development bank, announced today that it will receive a $216,547 Bank Enterprise Award (BEA), from the U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI), for its 2008 community development work in Portland, Oregon. CDFI funds are awarded to viable financial institutions that have the financial and managerial capacity to provide affordable and appropriate financial products and services that positively impact their communities.

China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company remains listed on the Regulation SHO Threshold Security List. SEC Regulation SHO targets abusive naked short

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