MONACO, January 31 - SRM Global Fund (”SRM”), a Cayman islands registered private investment fund, has today filed a Schedule 13D with the US Securities and Exchange Commission in relation to its investment in Countrywide Financial Corp. (”Company”). In the filing SRM indicates its intention to initiate discussions with the Company and may communicate with […]

JETS.com, the award winning private jet membership company, today announced that it had been named the first ARG/US Certified Broker by Aviation Research Group, U.S., Inc. (ARG/US), the highly respected third-party safety auditor for the aviation industry. The announcement was made from the floor of the NBAA Schedulers and Dispatchers Conference currently in session at […]

Washington, D.C. - The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3 percent.
Financial markets remain under considerable stress, and credit has tightened further for some businesses and households. Moreover, recent information indicates a deepening of the housing contraction as well as some […]

Pixelworks, Inc. (NASDAQ:PXLW), an innovative provider of powerful video and pixel processing technology, announced today that it has commenced a “Modified Dutch Auction” tender offer for a portion of its outstanding 1.75% Convertible Subordinated Debentures due 2024.
Under the ‘Modified Dutch Auction’ procedure, Pixelworks is offering to purchase, for cash, up to $50 million aggregate principal […]

Calpine Corporation and its affiliated debtors and debtors in possession (collectively, “Calpine”) announced today that it has successfully completed a Court-approved bidding process for a partially completed power plant located in Fremont, Ohio (the Fremont Project). Pursuant to a sale auction held Jan. 28, 2008, Calpine received a high bid of $253.6 million from FirstEnergy […]