Archive for June, 2008

Gemini Communication Ltd acquires majority stake in Veeras Infotek

Tuesday, June 17th, 2008

Chennai - Gemini Communication Ltd. (GCL), one of India’s most innovative networking companies has acquired a majority stake in privately held Veeras Infotek, a Chennai based Rs. 50 Crore security and availability solution provider. The deal valued at around Rs.7 crores is funded through internal accruals of GCL.
Veeras Infotek is a strategic addition to GCL’s […]

Bigmouthmedia seeks clarification of Google/Yahoo advertising pact

Monday, June 16th, 2008

Announced in the US, the deal between the world’s two biggest search engines will see Google Ads begin appearing on Yahoo’s search engine results and other pages from September 2008. The move - which analysts say could boost Yahoo’s revenues by up to $800 million - has been delayed for three months to enable a […]

Aventine Raises $97.1 Million from the Sale of Auction Rate Securities

Saturday, June 14th, 2008

Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end provider of clean renewable energy, today announced that it has sold all of the auction rate securities it previously held.
The Company sold $127.2 million par value of student loan-based auction rate securities to various parties for cash totaling approximately $97.1 million. In its […]

UK Company Offers New Opportunities in Domain Investment Market

Saturday, June 14th, 2008

UK domain backordering, drop lists and Nominet TAG hosted dropcatching system released for .uk domains.
Exeter, United Kingdom - Opportunities are steadily diminishing for domain investors and speculators in the .com market. All the ‘low-hanging fruit’ has been picked and the aftermarket now commands some pretty hefty prices. Even now there is a busy trade in […]

Truveo Improves Video Search

Friday, June 13th, 2008

SAN FRANCISCO - Truveo, the leading video search engine, today launched a major update to its website that improves the performance and makes the site more useful to consumers. The new site is available at http://www.truveo.com; localized versions of the new Truveo experience are available in 16 other countries.
“Consumer interest in online video has exploded, […]

Kayak.com Launches Targeted Display Advertising

Friday, June 13th, 2008

NORWALK, Conn - Kayak.com, the world’s largest travel search site, today announced the launch of an innovative display advertising platform optimized for the travel industry. The new ad platform is a major improvement on technology developed by Sidestep.com, which Kayak.com purchased in December 2007.
Similar to the text ads that are already available through the Kayak […]

Denver auction platform Trade Receivable Exchange sold

Tuesday, June 10th, 2008

Trade Receivable Exchange Inc. has been acquired by Restricted Stock Partners for an undisclosed amount, officials said Monday.
Denver-based Trade Receivable Exchange (T-REX) is an online auction platform started in 2007 to provide liquidity for holders of bankruptcy trade claims. It has 650 members.

Safaricom IPO Soars

Monday, June 9th, 2008

Shares in mobile phone firm Safaricom soared as much as 60% on their first day of trading after Kenya’s biggest ever stock market flotation.
The stock rose as high as 8 Kenyan shillings ($0.13; £0.06) from a sale price of 5 shillings in trade on the Nairobi Stock Exchange.
The Kenyan government should raise about $833m from […]

Over 5,000 Print Publications Use Online Tools to Sell Print Advertising via MediaBids

Sunday, June 8th, 2008

MediaBids, the Newspaper and Magazine Advertising Marketplace, announced today that to date over 5,000 U.S. newspapers, magazines and other print publications have signed up to use their online suite of print advertising sales tools.
Press Release Body: MediaBids.com, The Newspaper and Magazine Advertising Marketplace announced today that over 5,000 U.S. print publications have signed up to […]

Finance Malta launches investment directory

Sunday, June 8th, 2008

Almost 200 practitioners gathered at the Hilton Malta for the first Finance Malta annual conference which focused on ‘Connecting Malta’s finance industry with the rest of the world’.
The event also served to launch the Finance Malta Investment Guide and Business Directory, a comprehensive publication with in-depth cross-sectoral information of interest to those wishing to operate […]