Fitch Rates Kennametal’s New Sr. Unsecured Debt ‘BBB’; Outlook Stable
CHICAGO–(BUSINESS WIRE)–Fitch Ratings assigns a rating of ‘BBB’ to Kennametal Inc.’s (Kennametal) (NYSE: KMT) planned issuance of $300 million in fixed rate 10-year senior unsecured notes. The company intends to use proceeds to fund the repayment of $300 million in senior unsecured notes that mature in June 2012. Pending such use, the company intends to use the proceeds to repay any borrowings outstanding under its revolving credit facility and for general corporate purposes. Kennametal’s Issu
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Fitch Rates Kennametal’s New Sr. Unsecured Debt ‘BBB’; Outlook Stable
AGC and LCM Announce Modifications to Regular Distributions
LISLE, Ill.–(BUSINESS WIRE)–Advent/Claymore Global Convertible Securities & Income Fund (NYSE: AGC) and Advent/Claymore Enhanced Growth & Income Fund (NYSE:LCM) announce the declaration of new regular distribution amounts to be paid in February. The new regular monthly distribution for AGC will be $0.047 per share. This new monthly distribution compares to $0.0664 per share for the Fund’s most recent distribution. The new regular quarterly distribution for LCM will be $0.210 per share.
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AGC and LCM Announce Modifications to Regular Distributions
Prudential Capital Group reaches $10 billion in annual originations
CHICAGO–(BUSINESS WIRE)–Prudential Capital Group, a source of private capital for middle-market, public and private companies, expects to have more than $10 billion to invest in 2012, after reaching that amount in 2011, the company announced today. The company is an investment business of Prudential Financial Inc. (NYSE: PRU). The $10 billion in 2011 originations is a milestone for Prudential Capital, which has more than doubled its annual originations over the last 10 years. Notably, the comp
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Prudential Capital Group reaches $10 billion in annual originations
ThermoSafe® Brands Announces Price Increase
ARLINGTON HEIGHTS, Ill.–(BUSINESS WIRE)–ThermoSafe Brands, a business unit of Sonoco (NYSE: SON), announced a price increase of 4 -7 percent across most of its product portfolio, effective March 5, 2012. This price increase will affect all expanded polystyrene (EPS) and polyurethane (PUR), including custom and cataloged shipper solutions and components globally. The price increase is necessary to cover rising costs in raw materials, labor, energy and transportation. “At ThermoSafe, we continua
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ThermoSafe® Brands Announces Price Increase
Chase Lent $17 Billion to American Small Businesses in 2011, up 52% from 2010
NEW YORK–(BUSINESS WIRE)–Chase (NYSE: JPM): Nearly 400,000 new small business loans made, 45% more than 2010 28% of all small business lending was in California, and all states with Chase presence saw increased lending over 2010 Chase lent 50% more to small businesses in California, New York, Texas and Illinois in 2011 America’s #1 volume SBA lender, Chase (NYSE: JPM) increased small business lending by 52% in 2011, providing $17 billion of credit through nearly 400,000 new loans and lines to
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Chase Lent $17 Billion to American Small Businesses in 2011, up 52% from 2010
Inland Real Estate Corporation Announces Date of Fourth Quarter and Year End 2011 Earnings Release, Conference Call and Webcast
OAK BROOK, Ill.–(BUSINESS WIRE)–Inland Real Estate Corporation (NYSE: IRC) today announced that it will release its fourth quarter and year end 2011 financial and operational results on Thursday, February 9, 2012, prior to 8:30 a.m. CT (9:30 a.m. ET), before trading opens on the New York Stock Exchange (NYSE). The Company’s earnings release and supplemental financial information will be posted in the investor relations section of the Company’s website at http://www.inlandrealestate.com. The Co
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Inland Real Estate Corporation Announces Date of Fourth Quarter and Year End 2011 Earnings Release, Conference Call and Webcast
Motorola Solutions Introduces Secure Mobile Telephony for Federal Government Customers
SCHAUMBURG, Ill.–(BUSINESS WIRE)–Motorola Solutions, Inc. (NYSE: MSI) announced the first deployment of its new security platform for mobile telephony, the Assured Mobile Environment (AME).
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Motorola Solutions Introduces Secure Mobile Telephony for Federal Government Customers
Motorola Solutions to Issue Fourth-Quarter Earnings Results on Jan. 25
SCHAUMBURG, Ill.–(BUSINESS WIRE)–Motorola Solutions, Inc. (NYSE: MSI) will issue its fourth-quarter 2011 earnings at approximately 6 a.m. U.S. Central Standard Time (7 a.m. EST) on Wednesday, Jan. 25.
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Motorola Solutions to Issue Fourth-Quarter Earnings Results on Jan. 25
Baxter Initiates Phase I Clinical Trial of Longer-Acting Recombinant FVIII Treatment for Hemophilia A
DEERFIELD, Ill.–(BUSINESS WIRE)–Baxter International Inc. (NYSE: BAX) today announced the dosing of the first patients in a Phase I clinical trial of its lead investigational candidate, BAX 855, a longer-acting (PEGylated) form of a full-length recombinant factor VIII (rFVIII) protein. BAX 855 is based on Baxter’s ADVATE [Antihemophilic Factor (Recombinant) Plasma/Albumin-Free Method] full-length rFVIII molecule and plasma/albumin-free (PAF) manufacturing process. The Phase I trial is a prospe
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Baxter Initiates Phase I Clinical Trial of Longer-Acting Recombinant FVIII Treatment for Hemophilia A
Motorola Solutions’ Wireless LAN Access Points, Controllers Receive ICSA Labs Firewall Certification
SCHAUMBURG, Ill.–(BUSINESS WIRE)–Motorola Solutions, Inc. (NYSE: MSI), a leading provider of mission-critical communication solutions and services for enterprise and government customers, today announced that its WiNG 5 Wireless
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Motorola Solutions’ Wireless LAN Access Points, Controllers Receive ICSA Labs Firewall Certification
