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Nasdaq to remove 3 companies from exchange

Posted by alfredlester on Tuesday, December 15, 2009 12:31:58 PM

NEW YORK – The Nasdaq Stock Market on Monday said it will delist the stocks of three small companies: Teton Energy Corp., Altus Pharmaceuticals Inc., and UCBH Holdings Inc.

Nasdaq will file the necessary paperwork with the Securities and Exchange Commission to complete the delistings, which will become effective 10 days later. In all three cases, however, the stocks have already stopped trading on the Nasdaq.

Trading in Teton Energy, a Denver-based oil and gas exploration and production company, was suspended on Nov. 18.

The same day, trading was suspended for UCBH. The company's main subsidiary, United Commercial Bank, based in San Francisco, was closed by California regulators on Nov saving account payday loan. 6 and placed under receivership of the Federal Deposit Insurance Corporation. The deposits were assumed by East West Bank of Pasadena, Calif.

The stock of Altus Pharmaceuticals was suspended on Nov. 23. Altus is a Cambridge Mass.-based biotechnology company founded in 1993. The company is developing treatments for patients with chronic gastrointestinal and metabolic diseases.

Nasdaq to remove 3 companies from exchange

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Kraft pledges discipline in Cadbury pursuit

Posted by alfredlester on Tuesday, December 15, 2009 4:18:56 AM

LONDON (Reuters) – Kraft Foods (KFT.N) said it would maintain a disciplined approach in its pursuit of British chocolatier Cadbury (CBRY.L) and believes the combination would provide meaningful revenue synergies and cost savings.

In a statement on Tuesday responding to Cadbury&&9;s defense document, Kraft said a combination with its British rival would "represent a uniquely complementary fit."

"We have heard nothing from Cadbury that surprises us," said Kraft Foods Chairman and CEO Irene Rosenfeld.

"Cadbury&&9;s defense document only reinforces our belief that there is a compelling strategic and financial rationale to combining these two companies and that doing so would be in the best interest of both companies&&9; shareholders," he added cash advance payday loans.

On Monday, Cadbury teased shareholders with the prospect of rival bids and promised bigger dividends and stronger growth as it again knocked back Kraft&&9;s hostile 10 billion pound (&&6;16.3 billion) offer.

Shares in Cadbury closed up 0.57 percent at 793 pence, compared to Kraft&&9;s hostile bid worth 729 pence. Many analysts believe Kraft will need to pay 820-850 pence to win Cadbury.

(Reporting by Matt Scuffham; Editing by Victoria Bryan)

(&&6;1=.6140 Pound)

Kraft pledges discipline in Cadbury pursuit

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