Stock Hot Tips Hot Update On CSRH, RGA, CABK, EEQ, OMX

Posted on 11/3/2009 9:00:12 PM in #Stocks | 0 comments comments

Tuesday November 3, 2009

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OfficeMax Incorporated (NYSE: OMX), a leader in office products and services, today announced that it has completed the voluntary excess contribution of 8,331,722 shares of OfficeMax common stock to its frozen qualified pension plans. The company's intent to make the voluntary contribution was first announced on October 29, 2009.'

Enbridge Energy Management, L.L.C. (NYSE: EEQ) ("Enbridge Management") today confirmed that its previously declared share distribution, to be paid on November 13, 2009, will consist of 2.0939 additional shares for each 100 shares of record on November 5, 2009.

The law firm of Stull, Stull & Brody announces that it has filed a class action complaint in the U.S. District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired shares in the UltraShort FTSE/Xinhua China 25 Proshares Fund (the "FXP Fund") (NYSEArca: FXP), an exchange-traded fund ("ETF") offered by ProShares Trust ("ProShares"), pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement") issued in connection with shares of the FXP Fund (the "Class"). The Class is seeking to pursue remedies under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").

California Community Bank (OTCBB:CABK) today announced that prominent Escondido banker Sue Snow has been promoted to Senior Vice President. Snow is a veteran commercial banker and has over 25 years of banking experience in the Escondido and North County Markets.

Reinsurance Group of America, Incorporated (NYSE:RGA) announced today that it has priced an aggregate principal amount of $400 million of senior unsecured notes due 2019 pursuant to a public offering. RGA expects to use the net proceeds from the offering for general corporate purposes.

The notes have a 10-year final maturity, an issue price of 99.83 percent and feature a fixed rate coupon of 6.45 percent, payable semiannually. RGA expects to complete the offering on November 6, 2009, subject to customary closing conditions.

Consorteum Holdings, Inc. (OTCBB: CSRH) announced that it has launched its mobile check cashing program. The introduction of this service will offer those that are currently using check cashing facilities a much more convenient way to cash their payroll checks. After two years of development with its partners, Consorteum has now proceeded to the pilot phase of its check cashing program in the Toronto, Ontario region. The first stage of the pilot implementation will be the deployment of this new service on several trucks. The drivers will be able to offer their clients the convenience of real-time check cashing services and load customer funds directly onto a personalized prepaid Credit Card right at the mobile truck’s location.

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