Barclays PLC (NYSE:BCS) recently announced a new US Commercial Mortgage-Backed Securities (NYSEARCA:CMBS) 2.0 Index, to be launched on January 1, 2011. This index will offer investors a clear new measure for evolving CMBS markets by tracking the new category of recently issued securities commonly referred to as “CMBS 2.0.” “The US CMBS 2.0 Index is an important benchmark offering clarity to a new class of securities in the evolving and resurgent US CMBS market,” said Waqas Samad, Head of Index, Portfolio and Risk Solutions for Barclays Capital. “This product underscores the strength of our benchmark index platform, combining unparalleled coverage of the fixed income asset class with an ability to offer market transparency to both broad-based debt investors and dedicated investors in narrower yet growing markets.”
Barclays PLC provides financial services in Europe, the United States, Africa, and Asia. It offers retail and commercial banking, credit cards, investment banking, and wealth management services. The company's products include current account and savings products, Woolwich branded mortgages, general insurance, unsecured loan and protection products, commercial loans, installment finance, credit cards, and bancassurance products.
La Corona de Cobre Project
Global Hunter's La Corona de Cobre project is over 18,000 hectares of land located in the Coast Range of the Andean Cordillera, Chile, an area often referred to as the Chilean Iron Belt. The property is on the Pan American Highway, 70-kilometres north of the port city La Serena.
The property is located at the southern end of the Atacama Fault Zone, a north-northeast regional feature that stretches for over 1,000 kilometres and hosts several large copper deposits in Chile including Phelps Dodge's Candelaria (400 million tonnes grading 0.95% copper and 0.2% gold) and Anglo-American's Manto Verde (100 million tonnes averaging 0.80% copper) deposits.
- Over 18,000 hectare land package
- 70km North of La Serena, Chile (deep water port)
- Pan American Highway and major transmission lines pass through property
- Readily accessible water
- Railways adjacent to property
- 15 mineralized shear zones ranging from 20 to 250m in widths and 0.5 to 9.0km in length
- 1 of the 15 shear zones (Las Posadas), has been drill tested
Global Hunter's La Corona de Cobre hosts a swarm of 15 shear zones ranging from 10 to 150 metres in thickness and from one-half to nine-kilometres in length.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. Global Hunter Corp. primarily explores for gold, copper, and base and precious metals. Global Hunter Corp. was founded in 1988 and is headquartered in Vancouver, Canada.
To learn more about Global Hunter visit: http://www.globalhunter.ca
Enzo Biochem, Inc. (NYSE:ENZ)
Enzo Biochem, Inc. reported this week improved sequential results for the first fiscal quarter ended October 31, 2010, the result of recent programs to reduce expenses, consolidate activities and expand operations.
Among the quarter’s highlights (all references are to sequential quarter over quarter results, normalized for an inventory charge and severance of $1.8 million where applicable):
- Enzo Life Sciences, benefiting from increased emphasis on higher margin products, realized a greater than 100% gain in operating income.
- Enzo Clinical Labs increased revenues 6%, while reducing the operating loss 62%.
- Company-wide, gross margin increased $2.0 million or 17%.
- Operating expenses decreased 7%, or to 57% of revenues, from 63%.
- EBITDA, a non-GAAP measure, was $23,000, an improvement of $2.9 million from the prior quarter.
- Net loss for the quarter was reduced 70%.
To learn more about ENZ visit: http://www.enzo.com
Duff & Phelps Corporation (NYSE:DUF) announced that it has acquired Dynamic Credit Partners’ U.S. consulting business, a New York-based provider of valuation services for complex financial instruments, and June Consulting Group, a Houston-based advisor to corporate legal departments on technical and operational issues. The transactions, terms of which were not disclosed, accelerate growth initiatives in Duff & Phelps’ Corporate Finance Consulting and Legal Management Consulting practices.
Duff & Phelps Corporation, through its subsidiaries, provides independent financial advisory and investment banking services worldwide. It operates in three segments: Financial Advisory, Corporate Finance Consulting, and Investment Banking. The Financial Advisory segment offers valuation advisory, tax services, and dispute and legal management consulting services. The Corporate Finance Consulting segment provides services related to portfolio valuation, financial engineering, strategic value advisory, and due diligence.*******
MVC Capital, Inc. (NYSE:MVC) announced that its board of directors has declared a dividend of $0.12 per share, or a total of approximately $2.9 million, to be distributed to shareholders for the first quarter of fiscal 2011. The dividend is payable on January 7, 2011 to shareholders of record on December 31, 2010. This distribution represents the twenty-third consecutive quarterly dividend paid by the Fund since implementing a dividend policy in July of 2005. These quarterly dividends have resulted in approximately $63 million in distributions to the Fund’s shareholders.
MVC Capital, Inc. (MVC) is a private equity firm specializing in acquisition financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing. It seeks to invest in mature, small, and middle-market companies.
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