The Press Release Resource

The Shareholders Foundation announces that an investigation on behalf of investors in shares of Fusion-IO, Inc. (NYSE:FIO) was initiated over potential securities laws violations by certain officers and directors at Fusion-IO Inc. in connection with potentially false and misleading statements. Investors who purchased shares of Fusion-IO, Inc. (NYSE:FIO), have certain options and should contact the …

The Shareholders Foundation announces that an investor in NYSE: CHE shares filed a lawsuit against Chemed Corporation over alleged Violations of Federal Securities Laws in connection with a whistleblower in lawsuit of a Medicare HMO conspiracy at Chemed’s unit Vitas Healthcare Corp. . Investors who purchased shares of Chemed Corp. (NYSE: CHE) have certain options …

The Shareholders Foundation announces that an investor in NYSE: MET shares filed a lawsuit against MetLife Inc over alleged Violations of Federal Securities Laws  in connection with MetLife’s death benefits practices and procedures. Investors who purchased MetLife, Inc. (NYSE:MET) common stock have certain options and there are strict and short deadlines running for certain NYSE:MET …

The Shareholders Foundation announces that an investigation for investors in Hecla Mining Company (NYSE:HL) shares was initiated over potential securities laws violations in connection with certain statements regarding its Lucky Friday mine. Investors who purchased Hecla Mining Company (NYSE:HL) shares, including but not limited to those who purchased NYSE:HL between October 26, 2010 and January …

An investigation on behalf of investors in shares of Concur Technologies, Inc. (NASDAQ:CNQR) over potential breaches of fiduciary duties by certain officers and directors of Concur Technologies in connection with the executive compensation practices was announced. Investors who purchased  shares of Concur Technologies, Inc. (NASDAQ:CNQR), have certain options and should contact the Shareholders Foundation at …

The Shareholders Foundation announces that an investigation on behalf of investors in shares of Regis Corporation (NYSE:RGS) was launched over possible breaches of fiduciary duties by certain officers and directors at Regis Corporation in connection with certain company executives compensation. Investors who purchased shares of Regis Corporation (NYSE: RGS) have certain options and should contact …

The Shareholders Foundation announces that an investigation on behalf of investors in shares of Enterprise Financial Services Corp. (NASDAQ:EFSC) was initiated over potential securities laws violations by certain officers and directors at Enterprise Financial Services. Investors who purchased shares of Enterprise Financial Services Corp. (NASDAQ:EFSC), have certain options and should contact the Shareholders Foundation at …

The Finance Ministry completes on Friday the drafting of a set of measures aiming at boosting growth, Minister of Finance. Speaking during a press conference, Kazamias said the Ministry will complete the drafting of a stimulus package and will submit a proposal to the Council of Ministers. He said the Ministry has already held contacts …

Cyprus ranked 40th worldwide in the World Bank’s annual report entitled “DoingBusinessReport 2012”. The results of the report were presented on Tuesday during an event organized in Nicosia by the Cyprus Investment Promotion Agency (CIPA). Addressing the event, CIPA President Christodoulos Agkastiniotis said that the Agency advises the government on reform issues aiming to improve …

Finance Minister Kikis Kazamias has described the decision of Standard and Poor`s to downgrade Cyprus economy credit rating as arbitrary and unsubstantiated, accusing the agency of serving other expediencies In statements Saturday at the Ministry of Finance, Kazamias said that Standard and Poor`s decided yesterday to downgrade the credit rating of the Republic of Cyprus …

Standard & Poor's yesterday dowgraded the credit rating of Cyprus to BB+ from BBB. This represents a two notch downgrade. This was despite efforts by the Cyprus government to reduce the deficit and introduce more austerity measures. Cyprus was one of nine countries downgraded, the other countries being Austria, France, Italy, Malta,Portugal, Slovakia, Slovenia and …

Government Spokesman Stephanos Stephanou expressed Thursday the government`s satisfaction over the European Commission`s assessment that Cyprus has taken effective action to correct its excessive budget deficit in a timely and sustainable manner. In statements to journalists, Stephanou said that the government will continue its efforts to consolidate the economy, adding that more measures are underway, …

Cyprus Minister of Finance Kikis Kazamias expressed satisfaction over the European Commission`s assessment that Cyprus has taken effective action to correct its excessive budget deficit in a timely and sustainable manner. Speaking to CNA, Kazamias said that Cyprus can be optimistic over the course of the public finances, underlining that the priority shifts towards the …

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Rich Dad’s Kiyosaki wins Go Banking Rates “12 Days of Finance Poll” by over 41% Scottsdale, AZ – January 5, 2012 – Today, The Rich Dad Company, which provides financial literacy information via the latest technology, books, events, and more at www.richdad.com, announced that co-founder Robert Kiyosaki won the “Go Banking Rates Most Popular Finance …

Cyprus’ economic sentiment decreased in December 2011, mainly due to the deterioration of the business and consumers’ climate. The business climate in Cyprus deteriorated in December 2011 since the Economic Sentiment Indicator (ESI) decreased by 1.7 points, compared to November 2011. According to the Economic Research Centre (ERC) of the University of Cyprus, ESI has …

Nicosia and Moscow have signed a multi million loan agreement, and its first installment will be paid by the end of the year. Minister of Finance Kikis Kazamias and Deputy Finance Minister of the Russian Federation Sergey Storchak concluded on Thursday, in Moscow, the official signing of the bilateral loan agreement of 2,5 billion euro …

The Ministry of Finance proceeds today to the auction of three – year Government Registered Development Stocks (GRDS). The issuance of the GRDS is January 4, 2012 and maturity date January 2015. The GRDS’s nominal rate will reach 6%. The Cypriot Finance Ministry aims to raise 50 million euro from the internal market to pay …

Cyprus` contribution to the International Monetary Fund (IMF) will amount approximately to 460 million euro, if these funds are needed for the IMF to financially support Eurozone member states, according to the decisions of the recent EU Summit, Finance Minister Kikis Kazamias told CNA. In statements to CNA after the Eurozone and other EU member …

The Central Bank of Cyprus has revised downwards its projections regarding the growth rate of the Cypriot economy, forecasting a marginal growth of GDP by 0.3% in 2011 and zero growth in 2012 due to the negative financial environment. The CBC stresses that Cyprus could reach the target for a 2.8% public deficit only if …

The government has taken all necessary and decisive measures for the fiscal consolidation of the economy and at the moment there is no reason for concern, the Ministry of Finance has said. In a statement issued Friday following Fitch Ratings’ report placing Cyprus`s BBB sovereign credit grade on negative outlook along with five other countries, …

President Demetris Christofias has urged the Civil Servants Union (PASYDY) to call off its decision to strike on Sunday, when municipal elections are scheduled to take place. PASYDY’s decision is part of a series of measures decided on Wednesday by the union during an extraordinary meeting earlier today, in response to new austerity measures affecting …

The House of Representatives has approved a new set of austerity measures, aiming at further fiscal consolidation. The new measures were passed amid major dissatisfaction by the public sector workers whose union PASYDY had staged a three hour work stoppage as a reaction to the new measures. PASYDY has also decided a 12 hour strike …

A special team will be set up to determine how much of the 1.5 billion euros in delayed state income for 2010 can still be collected and to propose how this can be done. The setting up of the team was decided during a meeting at the Presidential Palace on Wednesday, under President of the …

More than fifty thousand passengers and seventy flights to and from the international airports of Cyprus (Larnaka and Paphos) are expected to be affected on Thursday by the 12 hour strike of air traffic controllers. In statements on Wednesday, Public Relations and Communications Manager of Hermes Airports Adamos Aspris expressed regret for the discomfort that …

Civil servants will be staging a three-hour work stoppage on Wednesday from 1500 to 1800 local time and will abstain from any overtime work, with the exception of workers at hospitals and airports. The measures were decided at an extraordinary meeting of representatives of the public sector trade union PASYDY, as a reaction to new …

The debate over the state budget for 2012 began on Tuesday afternoon. In statements he made to the press after a meeting with all parliamentary parties` leaders or representatives prior to the plenary, House of Representatives President Yiannakis Omirou said that “the debate over the state budget for 2012 will start normally at four in …

The public sector in Cyprus froze for three hours on Tuesday, due to a work stoppage, which had been agreed at an all trade union meeting, in view of the three-day discussion of the state budget for 2012 at the House of Representatives, ending on Thursday. All workers in the public and semi-governmental sector gathered …

The voting of the state budget, the increase of VAT from 15% to 17% and aimed social benefits are the measures included in the first priority of the Government, Minister of Finance Kikis Kazamias said on Friday. Kazamias, who attended the meeting of the House of Representatives Committee on Finance, which began discussing fiscal consolidation …

A total of 923 million euros will be secured on behalf of the state by increasing revenue and reducing expenditure for the period 2011-2014, Government Spokesman Stephanos Stephanou has said, noting at the same time that the total fiscal size of all the financial measures that have been proposed and approved is based on a …