BlackRock Credit Allocation Income Trust IV (NYSE:BTZ) announced the intention of BlackRock Credit Allocation Income Trust II, Inc. (NYSE:PSY) and BlackRock Credit Allocation Income Trust IV (NYSE:BTZ) to redeem all outstanding auction rate preferred shares (ARPS). BlackRock announced that counsel for the plaintiffs in a previously announced shareholder derivative action has filed a motion for a preliminary injunction enjoining PSY and BTZ from redeeming outstanding ARPS pending final resolution of the underlying action. BlackRock and the funds believe the motion is without merit and intend to vigorously oppose it and complete the previously announced redemption of ARPS by PSY and BTZ, although no assurance can be given as to whether or when the redemptions will be completed.
BlackRock Credit Allocation Income Trust IV is a closed ended balanced mutual fund launched by BlackRock, Inc. The fund is co managed by BlackRock Advisors, LLC, BlackRock Financial Management, Inc., and BlackRock Investment Management, LLC. It invests in the public equity and fixed income markets across the globe. The fund invests in the stocks of companies operating across diversified sectors.
Because gold is highly valued and in very limited supply it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back about 6000 years. Early transactions were done using pieces of gold or pieces of silver. The rarity, usefulness and desirability of gold make it a substance of long term value. Gold works well for this purpose because it has a high value, is durable, portable and easily divisible.
Majestic Gold Corp. announced recently the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
Majestic Gold Corp. is gold exploration and development company with a very advanced gold deposit in Shandong province of China.
To learn more about Majestic visit: http://www.majesticgold.net
GreenHouse Holdings, Inc. announced this week that it is scheduled to present at the upcoming 3rd annual LD MICRO conference on Thursday, December 9, 2010, at 2:30 PM (NYSEARCA:PST) on Track 4 at the Luxe Sunset Bel Air, in Los Angeles, California. Mr. John Galt, Executive Chairman, will provide a complete business update and answer questions relating to GreenHouse Holdings' recent operational updates.
Mr. Galt will also conduct a series of meetings with members of the investment community and will be available for one-on-one meetings with investors participating in the Third Annual LD MICRO Conference. If you would like to schedule a meeting with GreenHouse's management team, please contact Alliance Advisors, LLC via email at email@example.com.
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor.
Based in San Diego, California, GreenHouse Holdings is a sustainable solutions integrator with a variety of services that address needs ranging from alternative/renewable energy and energy conservation to cost effective, rapidly deployable infrastructure and sustainable construction. GreenHouse Holdings provides solutions for single households, corporations, communities, regions, and the federal government that mitigate disposal costs and convert waste streams into valuable resources.
To learn more about GRHU visit: http://www.greenhouseintl.com
Xerox Corp. (NYSE:XRX) recognizing its global presence, offerings that extend beyond the office to the print shop and virtual workers, and business process outsourcing and IT outsourcing expertise. The report, which provides an overview of the changing landscape of MPS across Europe, highlights Xerox’s history of delivering results to businesses of all sizes – and the fact that since 2001, 100 percent of Xerox’s large enterprise MPS clients continue to renew their contracts. “Xerox’s continued leadership position reflects the fact that larger enterprises are increasingly looking for innovation and business-process improvement as well as cost savings,” said Louella Fernandes, principal analyst, Quocirca. “Xerox’s strong market performance can be attributed to extending traditional managed print services across the enterprise to include the office, in-house production print, as well as complementary offerings in business process outsourcing and IT outsourcing.”
Xerox Corporation engages in the production and sale of document systems and services for businesses. It offers a range of color, and black-and-white multifunction devices; and printers, copier fax products, and document related software solutions. The company also provides business process and information technology outsourcing services comprising claims reimbursement and electronic toll transactions to customer call centers and HR benefits management.
Tata Communications Limited (NYSE:TCL) won a coveted Brandon Hall silver award for excellence in the Custom Content category.The Lifeboat Assistant program developed by TIS for Holland America Line (NYSE:HAL) won the Brandon Hall Silver Award 2010 in the Custom Content category. A "novel" concept by TIS - a graphic novel, in fact - this program aims to increase the knowledge of lifeboat assistants on operating life-saving equipment, and in the process, improving performance while executing survival-skill procedures. Jack Frazier, Deputy Director at HAL, said, "We decided that we would use a 'story' to teach this concept, after some discussions we adopted the graphic novel approach as the best option - I am thrilled that it has really turned out well. This approach completely engages the learner and keeps them interested. It's an honor to develop a program that is recognized as being well done."
Tata Communications Limited provides telecommunication services. It offers international wholesale voice communication services, as well as a range of complementary services for VoIP, Voice over broadband, Web portal, and client-based providers; and national long distance services. The company also involves in the wholesale of data, IP, and mobile signaling services; provides bandwidth connectivity to other telecom carriers and Internet service providers.
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