August 2010

Barbara Roper: Fiduciary Duty: What Investors Need to Know

August 30, 2010

At the end of the day Monday, the comment period officially closes on the Securities and Exchange Commission’s (SEC) study of the standard that should apply to brokers when they give investment advice and recommend securities. Yet as of last Monday, with only one week remaining on the comment period, only 32 individual investors had submitted comments out of 1535 filed. This is arguably the single most important investor protection issue for retail investors, but unless they make their voices heard, this issue is likely to be decided without their input. Most investors choose to rely on a professional – a broker, a financial planner, or an investment adviser – to help them make investment decisions. These investors rely heavily, if not exclusively, on the recommendations they receive from these professionals. Surveys show, for example, that the typical mutual fund investor does little if any additional research on the funds that are recommended; instead, they do exactly what their broker or financial planner or investment adviser suggests, without second-guessing that recommendation. This makes investors extremely vulnerable, particularly given the conflicts of interest that pervade the securities industry and investors’ difficulty in distinguishing between sales- and advice-based services. What many investors don’t realize is that even though the services investment advisers and broker-dealers provide are often virtually indistinguishable, they are regulated under different statutory and regulatory frameworks. Investment advisers are subject to a fiduciary duty to act in the best interests of their clients and to provide disclosures to clients regarding conflicts of interest. Brokers do not have this fiduciary duty. Instead, they are required to make recommendations that are generally “suitable” for the investor. Under this lower standard, brokers are free to recommend a particular product that provides the broker with higher compensation, even if a different product would be better for the customer. And they don’t even have to disclose this conflict of interest to the customer. To add to the confusion, brokers have encouraged investors to rely on them as advisers, by giving their salespeople titles like “financial advisers,” offering extensive advisory services, such as investment planning, and marketing their services based on the advice offered. The recently passed financial reform bill allows the SEC to end this confusion and require all professionals who provide investment advice, whether they are brokers, financial advisers, or investment advisers, to meet the same standard of investor protection. But before the SEC can adopt these new rules, the law requires the agency to conduct this study. Those not currently subject to a fiduciary duty have made a concerted effort to submit their comments. Unfortunately, most investors appear to know nothing about this proposed change. On several of the issues addressed by the study investors should be able to add valuable insights. They can explain how confusing they find the different titles used by brokers and investment advisers, such as financial advisor, financial planner, and investment adviser. They can offer their views on whether services that sound similar, if not identical, to the average investor – services like investment planning, retirement planning, financial planning, and advice about investments – should be subject to the same standards. They can tell the Commission what they believe the appropriate standard for such advice should be. In short, do they want all those who provide investment advice to have to act in the best interests of their customers? We believe the answer is obvious. The dramatic changes that brokers have made in their business model have rendered the old regulatory distinctions obsolete. Brokers have worked hard to convince investors to rely on them as trusted advisers. It is high time they were regulated accordingly. The SEC has a golden opportunity to end investor confusion by requiring that all who offer investment advice to act solely in the best interests of their clients, without regard to their own interests, to take steps to avoid and minimize potential conflicts, and to disclose any conflicts of interest. It can’t happen soon enough.

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Richard (RJ) Eskow: Coup d’Etat: Standard & Poor’s Is Now Giving Orders to Congress … and the American People

August 30, 2010

There’s been a lot of talk recently about the enormous power that’s been given to the Deficit Commission, which is co-chaired by Alan ” Social Security recipients are milking it ” Simpson and dominated by people who have advocated cuts to Social Security and Medicare. But here’s an aspect of the story that’s gone unremarked: Standard & Poor’s, the credit agency whose reputation should rightfully have been shattered by the economic crisis, is now dictating policy to the United States government. S&P just put our elected officials on notice: Submit to the proclamations of the Deficit Commission or we’ll downgrade our rating of government debt. That’s blackmail, plain and simple. This threat comes from a privately-owned company whose rating process is riddled with conflicts, and which has gotten virtually every critical assessment of recent years spectacularly wrong. Enron? Lehman? Subprime mortgages? They were zero for three. Yet rather than reining back their penchant for reckless proclamations, the chairman of S&P’s “sovereign rating committee” said that our elected officials’ response to the Deficit Commission would be crucial to its analysis of US debt. John Chambers said last week: “It is very important for the credit standing of the United States that the Congress considers very carefully what the fiscal commission proposes.” Just in case his intent wasn’t clear enough, he added: “It is very important for Congress to take the required steps.” “Sovereign” is right. That’s a kingly proclamation. Bear in mind, we supposedly don’t know yet what the Deficit Commission will propose. (We have a good idea, of course, since both the Democratic and Republican co-chairs are long-time advocates for cutting Social Security.) The total extent of the Commission’s recommendations, and the extent to which they’ll actually provide financial stability, are supposed to be completely unknown at this point. S&P’s statement isn’t an analysis, since there’s nothing to analyze. It’s a threat: Turn your authority as elected representatives over to this unelected body or we’ll cause financial damage to the United States Government. It’s not a hollow threat, either. This statement was made one day after S&P downgraded Ireland’s debt . A downgrade could cause massive harm to the United States government at a time of extreme difficulty. Debt could be harder to obtain, and it would become more expensive. That, in turn, would plunge the US deeper into debt. So who, exactly, is issuing this warning? What kind of credibility do they have? Standard & Poor’s is a division of McGraw-Hill, a publicly traded publishing company. They are a for-profit company, as is their fellow rating agency Moody’s (which issued a similar threat last March). Both of these for-profit companies have eagerly pursued the very institutions they were rating, to disastrous effect. Internal documents obtained by the Levin Subcommittee showed that both Moody’s and S&P let the profit motive compromise their judgments in the run-up to the economic meltdown. As we noted in a previous analysis , one internal S&P email said this about a rating they did for a customer: “”I don’t think this is enough to satisfy them. What’s the next step?” Here’s another example of S&P’s integrity . When an analyst asked to review loan files for a security he was asked to rate, his supervisor told him the request was “TOTALLY UNREASONABLE!” And consider this reported comment , which occurred during exploratory acquisition talks with investment research company Morningstar: “The S&P people insisted to Joe Mansueto (Founder/Chairman) that he was leaving big mounds of money on the table by not charging mutual funds for their ‘star’ ratings. Joe replied to the S&P bidders that it was an obvious conflict of interest to charge the funds for their own ratings — how would Morningstar maintain its independence? They called him naive — and stopped the merger talks.” The comments, though unconfirmed, have not been denied. Expert money manager Barry Ritholtz, who reported the story, indicated his confidence in his source and added, “This anecdote rings rather true to me.” Moody’s fared even worse in our review of Levin Subcommittee documents. Of four key objectives for its Structured Finance Group, responsible for ratings, “high quality ratings and research came in dead last – behind “generating increased revenue,” “increasing market share …,” and “fostering good relationships with issuers and investors.” Get the picture? Why would companies like Standard & Poor’s and Moody’s issue threats of this kind? There could be many reasons. One might be to please its corporate clients, who would like to see government spending cut for both ideological and business reasons. Another might be to encourage cuts in Social Security because, under current proposals from both parties, that would place more retirement savings in funds and accounts managed by S&P’s key clients. Moody’s may also legitimately believe that the deficit needs to be reduced immediately, which is debatable on economic grounds. But if the Moody’s action was arguable, S&P’s statement is indefensible. The ratings agency system is broken. These private companies have accrued enormous power without earning it. A lot of that power has been handed to them by government actions that rely on their ratings. That’s why the Senate voted for the Franken Amendment, which — while leaving these companies private — would have removed the inevitable conflict of interest that’s created when they compete for business. (The House/Senate Conference eliminated the Franken Amendment, calling instead for a two-year study. While the final bill is weighted toward an action of the kind called for by Franken’s amendment, two years gives lobbyists a long time to influence the outcome.) Standard & Poor’s are called “agencies,” but they should be called by their proper name: For-profit companies. These “ratings companies” have undermined the free market by allowing powerful issuers and investors to influence their own ratings. Markets with bad information – information that’s bought and paid for – aren’t really “free.” Now the “rating companies” are targeting the democratic process, too. We need a national discussion about the proper role of these companies, before they cause even more damage. Standard & Poor’s should be reprimanded for its inappropriate and unprofessional intrusion into the working of government. And everyone needs to be reminded: Neither Congress nor the Executive Branch can ‘outsource’ the democratic process. They are our elected representatives. They must not be forced to submit to conflict-ridden private companies with a track record of failure. _______________________________________________________________ Richard (RJ) Eskow, a consultant and writer (and former insurance/finance executive), is a Senior Fellow with the Campaign for America’s Future. This post was produced as part of the Curbing Wall Street and Strengthen Social Security projects. Richard also blogs at A Night Light . He can be reached at “rjeskow@ourfuture.org.” Website: Eskow and Associates

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Video: Battipaglia Discusses Gold Versus Stocks Strategy: Video

August 30, 2010

Aug. 30 (Bloomberg) — Joseph Battipaglia, market strategist at Stifel Nicolaus & Co. Inc., talks about his investment strategy. He speaks with Carol Massar on Bloomberg Television’s “Street Smart.” (This report is a excerpt of the full interview. Source: Bloomberg)

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6 Unusual Investments That Are Beating The Stock Market (PHOTOS)

August 30, 2010

Irregular times call for irregular investment strategies. Jeff Middleswart might be a poster boy for outside-the-box investing during the current downturn. In February, Middleswart took over as manager of a mutual fund that explicitly invests in “sin stocks” like cigarettes, alcohol, gambling and defense. Aptly named the Vice Fund , Middleswart’s impious portfolio is up 4.5 percent on the year, compared to the S&P 500′s 1.9 percent loss over the same period. Sin stocks are not the only unusual investments achieving above-average performance in the markets, while the traditional 401(k) has underperformed. Other alternative investments beating the recession include a couple luxurious goods and a foreign market that soared 53 percent in the first half of 2010. And while we’re not advocating for these investments outright, for the sake of comparison, here are six alternative investments that have outperformed the larger U.S. stock market either in the last year or the last few years:

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The Most Educated Metro Areas In The U.S.: Richard Florida

August 30, 2010

Last Friday, my list of America’s Brainiest Cities ran over at The Daily Beast. Boulder topped the list, which comprised a mix of larger knowledge-intensive metros like Washington, D.C., Boston, Silicon Valley, San Francisco, Austin, and Seattle, and college towns like Ithaca, Charlottesville, Madison, Iowa City, and Durham, North Carolina, among others.

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Video: Sullivan & Cromwell’s Aquila Discusses Revival of M&A: Video

August 30, 2010

Aug. 30 (Bloomberg) — Frank Aquila, a partner at Sullivan & Cromwell LLP, talks with Bloomberg’s Melissa Long about the increase in corporate mergers and acquisitions during the month of August. Companies sitting on almost $3 trillion in cash are starting to spend it, putting what is typically the slowest month for M&A activity on course to be the busiest this year. (Source: Bloomberg)

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Bill Singer: Examining the Defense of Family Values and Unequal Pay for Women

August 30, 2010

In the 1950s when women were still second-rate members of the American workforce — when they were not earning equal pay for a day’s work and the opportunities for advancement were still limited, a popular explanation for tolerating such discrimination was that women belonged at home raising families, that men were the breadwinners and needed to be given preference in terms of pay and promotion. At the time, we all bought in to that. Of course, those times were before the Great Recession, when mom wasn’t working full-time to support a family while dad had been laid off by the auto industry or unable to find a job in construction. Ah, the good old days. Family Values But Not Family Sacrifices These days, the issue of equal pay for women is not simply limited to how much they are paid per hour or whether the door to the executive suite is still ajar for them. Today, there are more fundamental issues being raised. Among the more prominent is whether society should or can ask its female workforce to make economic sacrifices for giving birth and raising families. As the politically charged term “family values” gains prominence, raising families has blossomed into a moral dilemma for society. If we value the manner in which our familes are raised and financially supported, then is it fair to simply shift the economic burden onto the woman’s shoulders? In more plain terms, what are the “costs” that women pay in the workplace when they become pregnant, when they go on maternity leave, when they need to opt for a part-time or flex-time schedule in order to attend to their children’s needs? If the solution in generations past was to simply “adjust” the average woman’s compensation as a hedge against her likely absences, is that policy still morally defensible when we as a society are now emphasizing family values? Why are the financial sacrifices solely the mother’s or grandmother’s to bear? If we penalize women through lower pay, limited career paths, and barriers to promotion, then what rewards do we similarly offer them when they work two jobs, ruin their health, and deplete their savings for the sake of their families? A recent New York Times article discussing working women and pay disparity stated: [O]ver all, full-time female workers make a whopping 23 percent less on average than full-time male workers. What’s going on? Men and women are not identical, of course. Many more women take time off from work. Many more women work part time at some point in their careers. Many more women can’t get to work early or stay late. And our economy exacts a terribly steep price for any time away from work — in both pay and promotions. People often cannot just pick up where they have left off. Entire career paths are closed off. The hit to earnings is permanent. The fact that the job market has evolved in this way is no accident. It’s a result of policy choices. As Jane Waldfogel, a Columbia University professor who studies families and work, says, “American feminists made a conscious choice to emphasize equal rights and equal opportunities, but not to talk about policies that would address family responsibilities.” “Women do almost as well as men today,” Ms. Waldfogel said, “as long as they don’t have children.” . . . See, ” A Labor Market Punishing to Mothers ” by David Leonhardt ( New York Times , August 3, 2010) at here. The U.S. Chamber of Commerce — A Stroll Down Memory Lane Decades and generations ago, the debate was largely nonexistent. Women were — well — different. The fairer sex. We called upon them during times of war but then replaced them with the returning men. There was a woman’s role. There was a woman’s place. Of course, that role and place never did quite pay the same as the same role and place of a man but, like I said, those were the olden days. Lots of things have changed. Consider this quaint piece published decades ago by the U. S. Chamber of Commerce: Equality, Suffrage and a Fetish for Money by Brad Peck [M]ost of the current “pay gap” is the result of individual choice rather than discrimination; but I believe that the overall tone is one of those cultural changes we need to make — the idea that giving up “pay and promotions” is a “terribly steep price” to pay for time away from work. These are only two of the many things that people value and depending on the weight that you assign to each of your values giving up a little might gain you a lot. Equality is a matter of ensuring equal access to opportunity, not ensuring identical outcomes in some areas depending on which opportunities you choose to take. . . . It is true that culturally speaking women are more likely to have to make the tough choices about work-life balance. But as we all seek to fit our values into a dynamic 24/7 economy, let’s not overlook the obvious, immediate, power-of-the-individual solution: choosing the right place to work and choosing the right partner at home. Thankfully, times have changed since the Chamber of Commerce posted that quaint article. Over the decades, we have learned that unequal pay is rarely something any intelligent employee would opt for — I mean, come on, in this day and age who in their right mind would prefer that they be paid less than another equally qualified employee? In the case of women, the Chamber of Commerce writer suggested, lo those many decades ago when such positions were respected, that female workers should not necessarily expect equal pay if they were also going to take time off for such things as maternity leave. Of course, those were the days before “family values” was an issue, so you could sort of get away with suggesting that society and the business community did not have a shared interest in fostering healthy, stable families. You know, “families,” as in mom, dad, and children. As in consumers. As in back-to-school sales, family cars, family vacations. As in those consumers who drive our economy. I sort of smiled when I read the musty musings of the Chamber’s writer, who exalts the power of the individual to solve his or her own problems. Of course, individual solutions aren’t necessarily doing that well these days with the Great Recession and all, but, hey, you can’t blame some fuddy duddy from the ’50s for not getting all the fine points correct. (And before you all send me all those nastygrams, I was born in the early, very early, ’50s). Still, it’s hard not to smile, if not laugh, at the awkward suggestion all those years ago by the Chamber that the issue of equal pay is somehow related to “choosing the right place to work and choosing the right partner at home.” Ultimately, equal pay would seem to be a matter of fairplay, which I always thought was the bedrock of America’s capitalism. An honest day’s work for an honest day’s pay. What the Chamber of Commerce didn’t quite seem to understand is that sometimes the “choice” to work at home or work part-time or on a flex schedule is not a voluntary option but one that is forced upon women. If we value families, then why is the economic burden of raising them always pressed upon women at the cost of fair pay and career opportunities? Whatever happened to the concept of shared sacrifice? As to what the Chamber of Commerce’s writer meant about suggesting a trade off in pay because of the choice of the “right partner at home,” is something that I will defer to far better minds. Apparently, if I chose to marry someone other than my wonderful wife, I would be entitled to more or less income? Is that what the part of my marriage vows meant when it said “for richer or poorer”? Gee, I thought they were only talking about docking my wife’s pay. I didn’t actually think that there was a financial marriage penalty on men too. That’s not fair! I thank Bloomberg writer Susan Antilla for bringing this story to my attention. For an absolutely superb take on the Chamber of Commerce blog and the entire equal-pay issue, you must read ” Little Women at Home in U.S. Chamber Worldview ” by Susan Antilla (Bloomberg) here ONE LAST THING : I hope you enjoyed the stroll down memory lane with my references to the U.S. Chamber of Commerce’s article about equal pay. There’s only one problem. That U.S. Chamber of Commerce article was not written in the last century. It was posted on the Chamber’s website as a blog in August 2010. Think that I’m kidding? Well, read it here . And when you’re done, you should read this.

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McGonagle Joins Parsons’ Infrastructure & Technology Group

August 30, 2010

PASADENA, CA–(Marketwire – August 30, 2010) –  Parsons announced today that Joseph P. McGonagle joined its Infrastructure & Technology Group.

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Video: Thunderstorm’s Dorfman Likes Merck, Pfizer, Endo: Video

August 30, 2010

Aug. 30 (Bloomberg) — John Dorfman, chairman of Thunderstorm Capital and a columnist for Bloomberg News, talks with Julie Hyman and Mark Crumpton about investment strategy. (This is an excerpt of the full interview. Source: Bloomberg)

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Parsons Appoints Leketa as President of Its Water & Infrastructure Group

August 30, 2010

PASADENA, CA–(Marketwire – August 30, 2010) –  Parsons announces the appointment of Anthony “Tony” F. Leketa as President of Parsons Water & Infrastructure Inc. (PWI). PWI, a primary business unit of Parsons Corporation, provides customers worldwide with full-service engineering, construction, and management services in water, wastewater, and infrastructure development. In his new role, Mr. Leketa will be responsible for the business unit’s global operations.

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Video: Hassett Compares New Jersey’s Christie to Ronald Reagan: Video

August 30, 2010

Aug. 30 (Bloomberg) — Kevin Hassett, director of economic policy studies at the American Enterprise Institute and a Bloomberg News columnist, talks with Mark Crumpton and Julie Hyman about New Jersey’s Republican Governor Chris Christie. (Source: Bloomberg)

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Video: Capstone’s Shah Discusses Sanofi-Aventis Bid for Genzyme: Video

August 30, 2010

Aug. 30 (Bloomberg) — Sachin Shah, a special situations and merger arbitrage strategist at Capstone Global Markets LLC, talks with Bloomberg’s Julie Hyman and Mark Crumpton about Genzyme Corp.’s rejection of Sanofi-Aventis SA’s $18.5 billion acquisition bid. (This is an excerpt of the full interview. Source: Bloomberg)

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Video: McGhee Sees New Highs for Gold Before Year End: Video

August 30, 2010

Aug. 30 (Bloomberg) — Frank McGhee, head dealer at Integrated Brokerage Services LLC, talks with Bloomberg’s Julie Hyman about the outlook for gold prices and the prospects for the U.S. economy. Gold futures fluctuated today on speculation that a decline in equities will boost demand for the metal as a haven. (Source: Bloomberg)

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California Franchisee Brings Global Perspective to Preparedness

August 30, 2010

ROSWELL, GA–(Marketwire – August 30, 2010) –  Gertie Knox, a leading authority on global supply chain compliance, has joined Firestorm® as its first California-based Franchise Principal.

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Fortinet Announces Phil Fuster as Vice President of Federal Operations

August 30, 2010

Security Industry Veteran Brings More Than 20 Years of Experience Serving the Federal Government

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Electronic Control Security, Inc. Announces Appointment of Dana Palm as Director of Business Development

August 30, 2010

CLIFTON, NJ–(Marketwire – August 30, 2010) –  Electronic Control Security, Inc. ( OTCBB : EKCS ) (ECSI), a leading provider of electronic security system technologies to the government and private sectors, announced the appointment of Dana J. Palm as Director of Business Development. Mr. Palm will also be responsible for developing new business in both the government and private sectors in the eastern U.S. coastal states from Washington, DC to Florida.

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Henrik Lund MD Ph.D, Former Global VP in Clinical Development at Astra Zeneca, Named New CEO of Bionor Pharma ASA

August 30, 2010

OSLO, NORWAY–(Marketwire – August 30, 2010) –  Bionor Pharma ( OSLO : BIONOR ) today announced that Henrik Lund MD Ph.D, will take over the position of CEO from Trond Syvertsen effective from 1 September 2010. 

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John Mafrige Joins DuPont Danisco Cellulosic Ethanol as Vice President of Commercial Development

August 30, 2010

ITASCA, IL–(Marketwire – August 30, 2010) –  John Mafrige has joined DuPont Danisco Cellulosic Ethanol (DDCE) in a leadership role as Vice President of Commercial Development and a member of the company’s Senior Leadership Team. John has held leadership positions in petrochemicals, energy and renewable industries as well as in private equity investing. He has more than two decades of experience in business and corporate development and finance. John holds a B.S. from Sam Houston State University and an M.B.A. from the University of Houston — Clearlake. John and his family have relocated from Houston to DDCE’s headquarters in the Chicago, IL, area.

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King Pharmaceuticals Appoints Jeffrey Bailey Chief Commercial Officer

August 30, 2010

BRISTOL, TN–(Marketwire – August 30, 2010) –  King Pharmaceuticals, Inc. ( NYSE : KG ) announced today the appointment of Jeffrey A. Bailey to the position of Chief Commercial Officer. Mr. Bailey will be responsible for the Company’s commercial activities in the branded pharmaceutical business and will lead all Sales, Marketing, Managed Care, Sales Operations and Business Analytics. Importantly, he will lead King’s strategic mission to be the leader in the effective and responsible treatment of pain. Mr. Bailey brings a wealth of experience in the pharmaceutical industry, most recently serving in a general management capacity for a significant profit center at Novartis and serving on the Novartis North American Executive Committee. Mr. Bailey has also held senior leadership roles for a private equity firm and for Johnson & Johnson where he was responsible for managing products in the pain therapeutic category and for

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StrongMail Strengthens Management Team With Key Hires and Appointments

August 30, 2010

Tal Nathan From Epsilon and Scott Ollivier From Responsys Fill Strategic Client Service and Product Marketing Positions; Kristin Hersant Promoted to Vice President of Corporate Marketing

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ENSERVCO Appoints Northeast Regional Manager With 25-Year Background in Marcellus Shale Region

August 30, 2010

COLORADO SPRINGS, CO–(Marketwire – August 30, 2010) –  ENSERVCO Corporation ( OTCBB : ASPN ), a provider of well-site services to the domestic onshore oil and gas industry, today announced it has hired Peter Broge as Northeast Regional Manager. Broge’s background in the energy services industry includes 25 years of management and operational experience in the Appalachian Basin’s Marcellus Shale, where ENSERVCO is focused on expanding its customer base and service territory.

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Kyrgyzstan inaugurates $200m power station

August 30, 2010

Kyrgyzstan inaugurates $200m power station

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Eurozone economic sentiment improves

August 30, 2010

Eurozone economic sentiment improves

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Polish economy expands 3.5% in Q2

August 30, 2010

Polish economy expands 3.5% in Q2

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Economic confidence in Europe, highest in two-years

August 30, 2010

Economic confidence in Europe, highest in two-years

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Intel agrees to buy Infineon’s wireless unit for $1.4 billion

August 30, 2010

Intel agrees to buy Infineon’s wireless unit for $1.4 billion

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Asus launches preteen friendly netbooks

August 30, 2010

Asus launches preteen friendly netbooks

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Iran to boost oil output at offshore fields

August 30, 2010

Iran to boost oil output at offshore fields

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China Eastern Airlines’ H1 profits surge 79%

August 30, 2010

China Eastern Airlines’ H1 profits surge 79%

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Bank of Japan expands bank-loan program

August 30, 2010

Bank of Japan expands bank-loan program

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Posco to buy $2.8b stake in Daewoo International

August 30, 2010

Posco to buy $2.8b stake in Daewoo International

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Intel to buy Infineon wireless unit for $1.4b

August 30, 2010

Intel to buy Infineon wireless unit for $1.4b

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Deep Yellow Limited (ASX:DYL) Appoints RBC Capital Markets as Global Lead Broker

August 30, 2010

Deep Yellow Limited (ASX:DYL) Appoints RBC Capital Markets as Global Lead Broker

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New Zealand trade balance deficit widens as imports increases more than expectations

August 30, 2010

New Zealand trade balance deficit widens as imports increases more than expectations

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Kingsgate Consolidated Limited (ASX:KCN) Recorded Biggest Profit Ever – Up 125% Plus Strong Dividend

August 30, 2010

Kingsgate Consolidated Limited (ASX:KCN) Recorded Biggest Profit Ever – Up 125% Plus Strong Dividend

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Abdul Rauf: Radicalism a common threat to muslims and non-muslims

August 30, 2010

Abdul Rauf: Radicalism a common threat to muslims and non-muslims

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What next for stock markets?

August 30, 2010

What next for stock markets?

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Pakistan: Havoc strains external balances, cuts GDP

August 30, 2010

Pakistan: Havoc strains external balances, cuts GDP

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Some insights and plain speaking from Reserve Bank of India

August 30, 2010

Some insights and plain speaking from Reserve Bank of India

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Pakistan International Airlines pilots put under essential services

August 30, 2010

Pakistan International Airlines pilots put under essential services

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Drama series ‘Mad Men’ wins at Emmy awards

August 30, 2010

Drama series ‘Mad Men’ wins at Emmy awards

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IDB gears up to launch sukuk offering under MTN program

August 30, 2010

IDB gears up to launch sukuk offering under MTN program

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Singapore takes steps to activate property market

August 30, 2010

Singapore takes steps to activate property market

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IIT debut sukuk in UK may lead to spate of new issuances

August 30, 2010

IIT debut sukuk in UK may lead to spate of new issuances

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New Zealand exports surge 12% in July

August 30, 2010

New Zealand exports surge 12% in July

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Anglo Australian Resources NL (ASX:AAR) Returns Thick High Grade Copper Intersections at San Diego Deposit, Now Focusing Development Studies on Open Pit Mining Option

August 30, 2010

Anglo Australian Resources NL (ASX:AAR) Returns Thick High Grade Copper Intersections at San Diego Deposit, Now Focusing Development Studies on Open Pit Mining Option

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Yen loses momentum, and declines against majors

August 30, 2010

Yen loses momentum, and declines against majors

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Australian Market Report of August 30, 2010: Uranium Equities (ASX:UEQ) Secured Frome Basin Position

August 30, 2010

Australian Market Report of August 30, 2010: Uranium Equities (ASX:UEQ) Secured Frome Basin Position

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HELP Inc. Elects New PrePass Leadership

August 30, 2010

WHITEFISH, MT–(Marketwire – August 30, 2010) –  HELP Inc., the public-private partnership that provides the PrePass weigh station service that allows qualified trucks to comply electronically with state requirements, elected the following officers to serve one-year terms:

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