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Lazard World Dividend & Income Fund Inc. (NYSE:LOR) has authorized the Fund to declare, pursuant to a level distribution policy, a monthly distribution of $0.07530 per share on the Fund’s outstanding common stock. The distribution is payable on February 23, 2011 to shareholders of record on February 11, 2011. The ex-dividend date is February 9, 2011. Portfolio data as of December 31, 2010, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management LLC's ("LAM") website, www.LazardNet.com.
Lazard World Dividend & Income Fund Inc. is a close ended equity mutual fund launched and managed by Lazard Asset Management LLC. The fund invests in the public equity markets across the globe.
American Video Teleconferencing Corp. (OTCPK:AVOT) recently announced that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties the company has under consideration in the province of Quebec.
China has been one of the main supplier to the US of the Earth’s rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China’s decision America now must look for other sources, that will be more reliable for our future needs, and American Video Teleconferencing Corp. (OTCPK:AVOT) may just be the new source, here’s why.
American Video believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. It is currently looking for these Rare Earths Minerals in Canada, the US’s Northern neighbor.
Power3 Medical Products, Inc. (OTC:PWRM) a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, recently announced that company management believes it is making great progress in its focus on the development, sales, and marketing of its proprietary innovate diagnostic tests for breast cancer, pancreatic cancer, ovarian cancer, colon cancer, and certain neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, to name a few.
In addition, Power3 is a party to several litigation matters, most of which relate to various toxic debt instruments that were entered into by Power3 several years ago when it operated under the tenure of Chairman and CEO, Steven B. Rash. Because current management believes these toxic debt instruments are responsible for Power3’s depressed stock price and have distracted the company from its mission, Power3 plans to settle as many of these nagging lawsuits as possible prior to the completion of its merger with Rozetta-Cell Life Sciences, Inc. As for those lawsuits that cannot be speedily resolved, Power3 will continue to rigorously defend its position. For example, one such lawsuit involves Neogenomics, Inc., which was recently granted a motion for summary judgment with respect to an amount due under a convertible debenture. Power3 intends to appeal this decision.
Rozetta-Cell Life Sciences, Inc. is a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. Power3 plans to effect the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into Power3, with Power3 remaining as the surviving company. The acquisition of Rozetta-Cell is expected to be completed in February 2011.
First Horizon National Corp. (NYSE:FHN) board of directors has approved payment of a quarterly cash dividend on its common stock of $.01 per share. The dividend is payable on April 1, 2011, to the common shareholders of record on March 11, 2011. This marks a return to paying the quarterly dividend in cash. Since Oct. 1, 2008, First Horizon has distributed its quarterly dividend in the form of stock dividends. The 5,400 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through more than 180 bank locations in and around Tennessee and 18 FTN Financial Group offices in the U.S. and abroad. More information is available at www.fhnc.com.
First Horizon National Corporation operates as the holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally.
Frontier Communications Corporation (NYSE:FTR) plans to release fourth-quarter 2010 results on Wednesday, February 23, 2011 before the market opens and to host a conference call that day at 9:00 A.M. Eastern time. The conference call will be Webcast and may be accessed at: A telephonic replay of the conference call will be available for one week beginning at 11:00 A.M. Eastern time, February 23, 2011 via dial-in at 888-203-1112 for U.S. and Canadian callers or, outsidethe U.S. and Canada, at 719-457-0820, passcode 7769564. A Webcast replay of the call will be available at www.frontier.com/ir.
Frontier Communications Corporation provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
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