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The odds would seem to be against an initial public offering for a biotech company with no profits and no products on the market, but stem-cell company Aldagen evidently feels lucky.
The company registered with U.S. regulators on May 9 to publicly offer up to $80.5 million worth of common stock, even as the […]
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The much-anticipated $17.7 billion Delta Air Lines Inc. merger with Northwest Airlines is done, making Atlanta global headquarters to the world's largest airline.
The airlines announced jointly at 8 p.m. Eastern Time on April 14 a merger that will keep the headquarters of the new Delta (NYSE: DAL) in Atlanta, will cause no […]
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Pizza delivery chain Papa John's International Inc. has signed development agreements with four franchisees for a total of 57 new stores in Canada.
Under the agreement, 20 stores will be built throughout the Atlantic Provinces by PJ Atlantic Franchising Ltd., 10 will be built in Saskatchewan by MJ Taylor Holding Co., 15 will […]
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International Monetary Fund Managing Director Dominique Strauss-Kahn said prospects for the world economy aren't improving and indicated growth is unlikely to pick up in 2009.
“The forecasts we're going to release in a few days show things are not really improving,'' said Strauss-Kahn at a conference in Watford, England today. “The downside risks identified […]
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Atlantic Station has a new leasing team.
The Shopping Center Group recently won the retail leasing assignment for the massive Midtown mixed use project.
The Shopping Center Group, which took over in its new role April 1, will be the exclusive retail leasing agent for Atlantic Station’s retail and entertainment district, including 17th […]
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Aloha Airlines will halt all passenger service to Sacramento and all flights from Hawaii to the western United States as of Sunday, and will cease all passenger operations Monday, the carrier said.
In a news release Sunday, airline president and chief executive officer David Banmiller said the company did everything it could to find […]
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J.C. Penney Co. Inc. slashed its forecasts for first-quarter profit and sales, citing weaker-than-expected consumer spending during the Easter holiday season.
The Plano, Texas-based retailer said it now expects first-quarter earnings to be 50 cents a share, down from its previous estimate of 75 cents to 80 cents a share.
J.C. Penney (NYSE: […]
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For the first time in 13 years, people who trade currencies say confidence in the markets to determine exchange rates is dwindling.
The crisis that may bring the so-called Group of Seven nations to coordinated intervention is the result of a sinking U.S. economy, the weakest dollar since 1971 and the biggest currency fluctuations […]
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BearingPoint Inc. has appointed a new chief operating officer as the company attempts to shore up its bottom line.
The McLean, Va.-based company named David Hunter to the No. 2 spot, reporting to Ed Harbach, who was promoted from COO to chief executive officer in December.
Hunter's new role is effective immediately.
[…]
Credit rating agency Moody’s Investors Service said late Thursday it downgraded the long-term issuer rating of MF Global Ltd. because of a $141.5 million loss tied to unauthorized trading.
Moody’s (MCO) cut the rating to "Baa1" from "A3."
The Bermuda-based broker said Wednesday morning it discovered Evan Dooley, a trader at the company’s Memphis, Tenn., branch, […]
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