Month: June 2013

Mergers & Acquisitions

UCHC Completes Acquisition of 51% of Shaanxi Prosperous Agriculture

June 30, 2013 0

UCHC Completes Acquisition of 51% of Shaanxi Prosperous Agriculture PR Newswire SHENZHEN, China, June 30, 2013 SHENZHEN, China , June 30, 2013 /PRNewswire/ — Uni Core Holdings Corporation (OTC Bulletin Board: “UCHC”), a Hong Kong based holding company, announces today that its acquisition of 51% of Shaanxi Prosperous Agriculture Co., Ltd. (“SPA”), an agricultural products wholesale company located in Xi’an City, Shaanxi Province of China , is completed through its 100% subsidiary IMOT Information Technology ( Shenzhen ) Limited. SPA specializes in market segment of which customers can buy the company’s products through local stores in the agricultural products network. […]

Max Keiser

Keiser Report: Peek-a-Boo Accounting (E464)

June 29, 2013 0

[youtube GYZJc0eHxYA] In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the latest peek-a-boo accounting fashion trends looking great matched with a missold swap or wrapped in an accidental misplacement of segregated client funds. If your name is Jane Tacky Toe Polish, however, do not try the latest in financial fraud trends as you’ll be sent to prison for a long time. In the second half, Max talks to Francine McKenna of TheAuditors.com about the Bernie Madoff of munis and the cooked bailout books at Anglo-Irish bank. […]

Stock Analysts

General Motors Focuses on Mexico

June 28, 2013 0

General Motors Company ( GM ) revealed that it plans to invest $691 million for expanding its Mexican operations. The expansion plan includes a new plant in Silao in central Mexico, upgrade of an existing facility in San Luis Potosi and the previously unannounced expansion of its Toluca engine plant. Of the total amount, GM will spend $349 million for a new transmission plant in Silao that will manufacture 8-speed transmissions, $211 million for the expansion of Toluca, which produces V8 and four-cylinder engines and $131 million for upgrading the next-generation transmission plant in San Luis Potosi. […]

Stock Analysts

Vornado’s 2Q Share of Toys ‘R’ Us

June 28, 2013 0

Vornado Realty Trust ( VNO ), a leading real estate investment trust (REIT), disclosed its share of the first-quarter 2013 financial results of Toys 'R' Us – a global retailer of dedicated toys and baby products. Vornado currently owns about 32.6% of Toys 'R' Us. Vornado's second-quarter 2013 results will include a loss of $36.9 million or 19 cents per share on account of Toys 'R' Us, comparatively wider than the loss of $19.2 million or 10 cents per share reported in the year-ago quarter […]

Stock Analysts

Still Neutral on Prologis

June 28, 2013 0

On Jun 27, 2013, we reiterated our long-term recommendation on Prologis Inc. ( PLD ), a San Francisco-based industrial real estate investment trust (REIT), at Neutral. The move reflects the company’s solid operating platform, recent deals and concerted efforts to capitalize on promising opportunities across the globe […]