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  • Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

    Date 15/09/2008

    Standard & Poor's Canadian Index Operations announces the following index changes: The shareholders of CHC Helicopter Corporation (TSX:FLY.A) have accepted the $CDN32.68 per share cash offer from First Reserve Corporation. CHC Helicopter will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped Equity, Equity Completion and Equity SmallCap, the S&P/TSX Completion, the S&P/TSX SmallCap and the S&P/TSX Capped Energy indices after the close of trading on

  • SEC Charges Bogus PIPE Promoters In $52 Million Ponzi Scheme

    Date 15/09/2008

    The Securities and Exchange Commission today charged an Irvine, Calif., attorney and two other promoters for conducting a $52.7 million Ponzi scheme in which they sold investors bogus PIPE (private investment in public equity) investments, promised unrealistic profits, and misappropriated more than $20 million of investors' funds to function as their own personal piggy bank.

  • Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

    Date 15/09/2008

    Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, September 15, 2008: The shares of Tanganyika Oil Company Ltd. (TSXVN:TYK) will be removed from the index. The company will graduate to TSX and will trade under the same ticker symbol.

  • Federal Banking Agencies Evaluating FASB's Accounting Proposals

    Date 15/09/2008

    The federal banking agencies are evaluating the amendments to generally accepted accounting principles proposed today by the Financial Accounting Standards Board (FASB).

  • Standard & Poor’s Announces Changes To The S&P Global 100 Index

    Date 15/09/2008

    Standard & Poor’s will make the following change in the S&P Global 100 Index effective after the close of trading on September 19, 2008. Xstrata PLC (Great Britain, SEDOL: 3141100, GICS Code: 15104020) will replace Nortel Networks Corp (Canada, SEDOL: B1H4Y76, GICS Code: 45201020) in the S&P Global 100. As of September 8, 2008, Nortel Networks Corp had a float-adjusted market capitalization of US$2,839,842,576, ranking it the smallest company in the index, and falling well below th