| Encourage empowerment of women in cooperatives: Patil
New Delhi, Nov 26 : President Pratibha Devisingh Patil today urged the urban banking sector to give more representation to women on the board of various urban cooperative banks for the empowerment of women and also to encourage formation of more women cooperative banks for betterment of women in the country. Inaugurating the 9th All India Conference of Cooperative Urban Banks and Credit Societies organised by NAFCUB, Ms Patil said that the urban cooperative credit movement in India caters to the needs of credit requirement of people with limited means in urban and semi-urban areas and seeks financial inclusion of people who are economically disadvantaged. This movement is one of the largest movements in the world having more than 20 million members in its fold with 1850 urban banks and 40,000 credit societies, she added.
MUSC spins biotech from lab to marketplace
Pearce Gilbert knew there was something to the complicated research project that crossed his desk on technology that could convert peptides into drugs to treat such conditions as pain and schizophrenia. Working at the Medical University of South Carolinas Foundation for Research Development six years ago, Gilbert was keeping a close watch for developments that could be patented and spun off into startup biotech businesses. He took MUSC researcher Tom Dix to lunch to discuss his proposal about the peptide drug business. I raised the subject with him and he was interested and we wrote a business plan, he remembered. We submitted some grant applications to bootstrap the company, and looked for a CEO. At one point we found one (but) that didnt really work out. Bad timing contributed to the brief, nine-month tenure of the CEO whom Dix and Gilbert had hired.
Banking and Financial
A lot (perhaps too much) has been written about the wider implications of problems originating in the US associated with the practice of providing so-called sub-prime mortgages to high risk borrowers with poor credit histories. There is also plenty of speculation about the potential exposures for directors, banks and professional advisers.... .
Local Consulting Duo Takes Home an Award from World's Largest Internet Consulting Firm
Internet Consultants Alan and Tina Winning produce winning Best Industry Application site for 2007 WSI Web Awards. Larnaca, Cyprus (PRWEB) November 26, 2007 -- Alan and Tina Winning, certified Internet Consultants with WSI (We Simplify the Internet) have been honored at the second annual WSI Web Awards at WSI's Excellence and Innovation Conference in Orlando, Florida. Alan and Tina were responsible for developing the winning website in the category of Best Industry Application for the 2007 Web Awards, http://www.pafilia.com The Best Industry Application award was presented to Alan and Tina and the WSI e-Marketplace Production Center. This fresh and vibrant website showcases Pafilia Property Developers' experience in the Cyprus Property market. Pafilia remains at the forefront of the property industry, dealing with all aspects of Cyprus property development.
Moskos is new BofA Central Florida president
Bank of America has named John P. Moskos to succeed Ed Timberlake as its Central Florida president. Timberlake is retiring after serving in that post for the past seven years. In addition to becoming BofA (NYSE:BAC) Central Florida president, Moskos will retain his current duties as Central Florida market executive for U.S. Trust Bank of America Private Wealth Management. In that role, he supervises teams providing wealth management and banking services to high-net-worth individuals. Moskos is the former treasurer of the Orlando Ballet and a member of the board of directors for the Coalition for the Homeless. .
LMC Capital advises on acquisition
Local investment-banking firm LMC Capital was the financial adviser for Britt/Paulk Insurance Agency Inc.'s acquisition of Mitchell, York & Cooper. Britt/Paulk is a Georgia-based privately held program administrator. Mitchell, York & Cooper, based in Florida, is a marine insurance broker. Financial terms weren't disclosed. Charlotte-based LMC Capital provides advisory services exclusively to the insurance industry in matters such as mergers and acquisitions, regulatory services, valuations and capital raising. .
Capital Access lending a hand
When Rhonda Hatfield needed a loan to open a child-care center in southeastern Jefferson County four years ago, she ran into a roadblock that she believes is familiar to many startups: "Banks don't want to work with them until they have proven themselves," she said. "If you don't have someone backing you, you can't move ahead." But Hatfield found a friend in Capital Access Corp.-Kentucky, a not-for-profit organization that helped her secure a $1 million loan package from a bank and the U.S. Small Business Administration through its "504" loan program. .
26-11-2007: Juicy prospects for QSR with new high for FY07-FY09 profit
CIMB Research initiated coverage on QSR Brands Bhd last week with an outperform recommendation and a target price of RM5 based on the company's regional expansion plans, new product launches and possible acquisitions. The research house said the three factors underpinned its view that QSR's core net profits will scale to a new high every year from financial year 2007 to 2009 (FY07 to FY09). “Our target price is pegged to 16 times forward price over earnings, which factors in a 10% discount to the average valuation of bigger food and beverage (F&B) producers, namely Nestle (Malaysia) Bhd and Fraser & Neave Holdings Bhd." “Key re-rating catalysts are higher same-store sales growth and average ticket price, successful new markets and a substantial drop in commodity prices.
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