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Latest Aggressive Growth Stock Pick from Zacks


If it looks like a duck, walks like a duck…

The same is true for picking stocks. When you see a stock like this that’s showing consistent positive results, it’s not a duck. It’s a winner and the thing to do now is to jump on it and grab it with both hands.

Wesco (WCC) delivered three consecutive positive earnings surprises that have shown earnings acceleration. Add in some higher estimates and you have all the components of a Zacks #1 Rank (Strong Buy).

Company Description

Wesco International, Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill a customer’s industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system. It operates 400 branches and 8 distribution centers located in North America and internationally. WESCO International, Inc. was founded in 1998 and is headquartered in Pittsburgh, Pennsylvania.

WCC Tops Expectations Three Straight Times

WCC has beaten the Zacks Consensus Estimate in each of the last three quarters. One of the beats, in the September 2011 quarter saw the company post earnings of $1.13, $0.09 ahead of the Zacks Consensus Estimate of $1.04. The stock then moved higher by 10% after that 8.6% beat.

The string of beats started in the June 2011 quarter when the company posted EPS of one dollar, but that was seven cents ahead of the Zacks Consensus Estimate of $0.93. The stock moved higher by nearly 7% following the report.

WCC Recently Reported Earnings

On January 26, 2012 the company reported revenue of $1.59 billion roughly $63 million more than the Zacks Consensus Estimate and up from the $1.33 billion reported in the year ago period. EPS of $1.12 was $0.15 ahead of the estimate or a 15% beat. As a result the stock moved higher by about 6.5%.

Aggressive growth investors love to see beats, but they love it even more when the company increases the acceleration of earnings momentum with stronger beats on an absolute and percentage basis. WCC has done just that in its last three beats.

Earnings Estimates Bumped Up

Following the most recent earnings report, analysts bumped up their earnings estimates for 2012. The Zacks Consensus Estimate for 2012 EPS moved from $4.34 in December 2011 to the current level of $4.70.



This stock is rated a strong buy by Zack’s. If you would like to see more of these winners Get #1 Strong Buy Picks from Zacks

Tax Cuts, Political Promises and Outright Lies


taxes (Photo credit: 401K)

As the election year wears on we’re constantly being bombarded by the political machines of the candidates. They all think that they have the best plan to fix the economy, cut taxes, put more money in your pocket and create more jobs. They all promise the voters the best of all worlds but the stark reality after the election is always somthing a lot different. Here’s one take on reality…

A number of proposals on taxes and the budget have come out recently, one by President Obama, one by Mitt Romney, and one by a friend, John Mauldin.

Every one of the proposals are fatally flawed, most of the for multiple reasons. Before one can fix a problem one must understand it.

In general, Democrats want to raise taxes and spend money.

Republicans on the other hand generally want to cut taxes and spend money. Military spending and Medicare spending both soared under Republican. Bush signed a disastrous Medicare bill.

Both parties claim to be against deficit spending. However, if neither party wants deficit spending then why are their deficits?

Before we get to what’s wrong let’s take a short look at some recent proposals.

Tax Cuts to Prosperity

Mitt Romney proposes A Tax Reform to Restore America’s Prosperity

First, I will make an across-the-board, 20% reduction in marginal individual income tax rates.

Second, I will reduce the corporate tax rate to 25% from 35%, transition from a world-wide taxation system to a territorial one, and make the R&D tax credit permanent.

Third, I will promote savings and investment by maintaining the low 15% rate on capital gains, interest and qualified dividends, and eliminate the tax entirely for those with annual income below $200,000.

Fourth, I will take long overdue steps to correct failures in the tax code. I will abolish the death tax, whose primary effect today is to foster elaborate schemes for transferring wealth. I will also repeal the Alternative Minimum Tax, which was intended to make the code simpler and fairer but has accomplished precisely the opposite.

Fifth, I will bring stability to the tax code by making these changes permanent.

A Simple Question

Excuse me for asking a simple question: How the hell are you going to pay for this?

What spending cuts would Romney make? He did not have the decency to say.

Take another look at point number 5. It’s a blatant lie. There is no way to make changes permanent. Any Congress at any time can make tax changes undoing prior Congressional actions.


So who are we to believe? Your guess is as good anybody’s. Just put all the names in a hat and pick one. Works every time for me.



Rare Coins: A Viable Investment Alternative

High-quality rare coins increased in value in 2011, but buyers and sellers should be prudent and deal with experienced, reputable dealers, advises the nonprofit Professional Numismatists Guild.

Rare Coins: A Viable Investment Alternative

Rare coins, especially those in high-grade condition, performed well in 2011, according to various independent analysis by numismatic experts.  “Blue chip” coins rose over ten percent in value last year, according to one tabulation, and the top 100 rare coins sold at public auctions last year brought over 27 percent more money than the top 100 a year earlier.

“Rare coins are an enjoyable hobby and part of some people’s long-term portfolios, but buyers — and sellers — should remember the important adage: If you don’t know rare coins, you better know your rare coin dealer,” said Jeffrey Bernberg, President of the Professional Numismatists Guild (

Founded in 1955, the PNG is a nonprofit organization composed of the country’s top rare coin and paper money dealers who must adhere to a strict Code of Ethics ( in the buying and selling of numismatic merchandise.

“Some experts estimated the 2011 U.S. rare coin market at over $10 billion, not including the sales of modern bullion coins or items sold directly by the United States Mint.  Like stocks, bonds, artwork or real estate, numismatics is a highly specialized field with its own terminology and ‘rules of the game,’ and prices can go up or down.  In the past, the greatest financial gain has accrued to those who have taken the time to read about coins and learn the basics before making a large investment,” Bernberg advised.

“Select a reputable dealer.  PNG members must demonstrate knowledge, responsibility and integrity in their business dealings, and must agree to binding arbitration to settle any unresolved disagreements over numismatic property.”

The Professional Numismatists Guild has 270 members in the United States and seven other countries.  A complete list of PNG members can be found online at

Several authoritative sources all reported increased prices in 2011 for high-grade U.S. rare coins.

Numismatic Guaranty Corporation (, the PNG’s official authentication and grading service, annually tracks the top 100 prices realized for NGC-certified rare coins sold at public auctions conducted by four of the largest US numismatic auction companies.  There was a 27.3 percent increase in the average price for the top 100 at auctions in 2011; an average of $204,355 per coin compared to $160,571 in 2010, according to NGC Auction Central.

PNG member-dealer and certified public accountant Patrick A. Heller of Lansing, Michigan, Editor of the “Liberty’s Outlook” newsletter (, annually tracks the numismatic market in a half dozen different categories.  He calculated that high-quality rare coins (“Investor Blue Chip Coins”) increased 10.6 percent last year. “In general, I found the 2011 results to be encouraging for overall market direction in 2012,” he wrote for

The rare coin index compiled by the weekly magazine Coin World ( gained 4.98 percent last year.  The index is composed of 82 rare, significant coins, and the combined value of those coins has grown from $7.7 million in 2005 to nearly $13.7 million at the end of 2011.  Coin World Associate Editor Steve Roach wrote: “…the high end (of the rare coin market) should continue to appreciate, and the key factors seem to be in place for 2012 to build on the success of 2011.”

The PCGS3000® Index compiled by Professional Coin Grading Service (, indicated that $1,000 invested in rare coins in 1970 would have been valued at over $66,000 at the beginning of this year.

For a copy of the informative pamphlet, “What You Should Know Before You Buy Rare Coins,” or a printed directory of PNG member-dealers, send $1 to cover postage costs to: Professional Numismatists Guild, 28441 Rancho California Rd., Suite 106, Temecula, CA 92590.  Phone: (951) 587-8300. Email at, or visit the web site at

CONTACT: Jeffrey Bernberg, +1-630-654-2580, or Donn Pearlman, +1-702-868-5777

Web Site:

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Google Tops Mergers & Acquisitions List for 2011

Google Tops Mergers & Acquisitions List for 2011

Google Tops Mergers & Acquisitions List for 2011-Image via CrunchBase

Berkery Noyes, an independent middle market investment bank, today released its Full Year 2011 Mergers and Acquisitions trend report for the Information Industry.

The Information Industry report, which Berkery Noyes defines as all media, software, and online companies, analyzes M&A in 2011 and compares it with activity in 2009 and 2010.

The median revenue multiple increased from 1.7x in 2010 to 2.1x in 2011, while the median EBITDA multiple increased from 10.5x to 12.0x. Total transaction volume in 2011 increased by 17 percent over 2010, from 2639 to 3098.

The most active acquirer for 2011 in the Information Industry was Google with 25 acquisitions, including 5 in the Fourth Quarter: Clever Sense, RightsFlow, Apture, Katango, and SocialGrapple. Overall, Google had 58 Information acquisitions from 2009 to 2011.

“Large tech players were heavily involved in intellectual property M&A,” said James Berkery, Chief Information Officer at Berkery Noyes. “Strong strategic interest in the sector was evident in 2011. For instance, Nortel sold 6,000 wireless patents in July 2011 for $4.5 billion to a consortium that included Microsoft, Research In Motion, Sony, Ericsson, EMC, and Apple.”

In several 2011 transactions, Google acquired a wide range of patents from IBM. Technology companies such as Google are likely to increase their patent portfolios for several reasons, principally to drive product innovation and to hedge against the increasing prevalence of patent litigation. Google’s acquisition of RightsFlow in December 2011, which will help with music licensing concerns on YouTube, shows that the search giant is determined to be a key player in the IP space.

Berkery Noyes specializes in Mergers & Acquisitions advisory services, in addition to structuring debt and equity transactions in the $25 million to $500 million range. Unique among investment banking firms, Berkery Noyes combines independent strategic research and industry intelligence with senior information technology banking expertise. Long having been an innovator in database and research technology in M&A, Berkery Noyes has committed itself to providing more expansive and more current information. The firm’s research teams publish acquisition activity in the respective sectors they follow on

A copy of the FULL YEAR 2011 INFORMATION INDUSTRY MERGERS & ACQUISITIONS REPORT is available at the Berkery Noyes website.

About Berkery Noyes

Berkery Noyes is an independent investment banking advisory firm servicing the information industry. Focused on middle-market corporations and financial sponsors, Berkery Noyes is committed to delivering a comprehensive array of industry-leading advisory services. Since its founding by Joseph W. Berkery in 1983, the firm has worked with corporate clients to grow through acquisition, divest non-core assets, and maximize shareholder returns through strategic transactions and restructurings. For private owners, Berkery Noyes helps create liquidity and execute timely exit strategies that achieve the personal and professional objectives. For more information, visit

­­­Contact Information:
Peter Wilson
Berkery Noyes

Web Site:

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Public Speaking Help for the Tongue Tied Exec

Public Speaking Help for the Tongue Tied Exec

Public Speaking Help for the Tongue Tied Exec-Image via Wikipedia

Why are leaders with prestigious pedigrees, proven track records of success, and great visions for the future spending sleepless nights worrying, preparing, over-preparing their speaking?

“What’s really ratcheting up the anxiety is not only the visibility afforded by today’s broadband, YouTube environment, but the demand that leaders be out there capitalizing on these media,” says Anett D. Grant, president of Executive Speaking, Inc., a global speaking company founded in 1979 and headquartered in Minneapolis, MN. “Leaders today need to be out front articulating their vision and demonstrating their leadership presence – on demand. The option of managing this anxiety through avoidance is gone.”

While many anxious leaders choose to tough it out, charge forward, and just get through it, this approach is perilous, says Grant. “Anxiety does not just make executives feel uncomfortable; anxiety has many unconscious impacts on their behavior – anxiety can definitely derail performance and even kill careers.”

One of the most significant impacts of anxiety is on facial expression. Anxious speakers often have fixed facial expressions – brows that stay furrowed, smiles that remain frozen. Anxious speakers wear these expression masks unconsciously – oblivious to the impact these expressions have on their ability to project authenticity and engagement.

Another one of the impacts of anxiety is on coherence and focus. Like a spiral that accelerates around a vortex, anxious speakers get into a speaking spin, and then go into a detail, then into another detail, and then into more detail about the detail about the detail about the detail – unconsciously. They begin talking, they feel uncomfortable – they talk more. “The more they talk in an unconscious attempt to feel better, the less they engage their audience. The less they engage their audience, the more they accelerate their rate of speaking and gesturing. At this stage the speaker often feels better, but the impact of the behavior is disastrous,” says Grant.

“I had a senior leader who spoke three languages, had led a major innovation in medical device technology, and had a history of success sent to work with me because his company said, ‘He speaks like a buffoon.'”

Another one of the unconscious impacts of anxiety is on sentence structure. Anxious speakers tend to speak in long, complex sentences as if they were reciting an article. As the length and complexity of each sentence increases, the anxious speaker loses all sense of phrasing and rhythm. Their speaking becomes increasingly punctuated with “ahs,” “ers,” “you knows,” and other dis-fluencies. “As anxious speakers strive to arrest this arrhythmic pattern, their speaking becomes even more halting and disjointed. As I explained to one client who had no awareness of his repeated pausing and sputtering,” says Grant, “if he skied like he spoke, it would take him four hours to get down a hill.”

What these unconscious impacts demonstrate is that leaders today have to reach new levels of self-awareness and understanding in order to reach authentic, powerful levels of performance – on demand.

For insights and strategies for mastering speaking anxiety for senior executives, call Anett D. Grant, President, Executive Speaking, Inc. at 612-338-5748.

Executive Speaking, Inc. coaches leaders from around the globe from companies including DHL Express, National Public Radio, Wal-Mart Stores, Inc., MasterCard, Inc., Medtronic, Inc., BP, Bank of America Corporation, Polo Ralph Lauren, UnitedHealth Group Inc., Nestle, HanesBrands, Inc., L3 Communications Holdings, Inc., Estee Lauder Companies, Inc., Symantec Corporation, General Electric Company, PepsiCo, Inc., Dell, Inc., General Mills, Inc., Cargill, Inc., Bank of America Corporation, 3M Company, Ford Motor Company, Motorola, Inc., HP, Adobe Systems, Inc., SABMiller, Coca-Cola Company, SABIC, Verizon Communications, Inc., and Pfizer, Inc.


CONTACT: Jennifer Hilton, +1-917-803-8921, Web Site:

Unemployment Rate Predicts Super Bowl Winner

Super Bowl XLVI

Unemployment Rate Predicts Super Bowl Winner-Image via Wikipedia

The team whose city has the lower unemployment rate has won 17 of the past 20 Super Bowls, according to an analysis by next-gen outplacement firm RiseSmart.

With the Super Bowl matchup set, serious fans will be poring over all kinds of statistics for clues as to who will claim the Lombardi Trophy on Feb. 5.  But a RiseSmart analysis shows that one of the most accurate predictors for the past two decades has come from an unlikely source: U.S. Bureau of Labor Statistics unemployment data.

The team whose metropolitan area boasts the lower unemployment rate during the previous calendar year has won 17 of the past 20 Super Bowls – a remarkable 85 percent success rate.  Based on this correlation, the New England Patriots should claim the NFL championship over the New York Giants.  Through November, the 2011 unemployment rate for the Boston metropolitan area was 6.8 percent, compared to 8.5 percent for the New York metropolitan area.

“Is economic prosperity a predictor of victory?  The data would seem to suggest it,” said Sanjay Sathe, founder and CEO of RiseSmart, a leading provider of next-generation outplacement solutions that annually highlights the correlation between jobless rates and winning it all in the NFL.  “You could make the case that a fan base with higher employment is more likely to buy team apparel, attend games, and cheer their team on at local sports bars and restaurants.  By contrast, a metro area struggling with high jobless rates might subtly but negatively impact its team’s morale.”

On January 26, 1992, the Washington Redskins defeated the Buffalo Bills in Super Bowl XXVI; that year, the Washington, D.C. metro area’s unemployment rate of 4.6 percent was substantially lower than Buffalo’s 7.2 percent. So began the string in which 17 out of 20 times, the Super Bowl winning city had a lower unemployment rate than that of the losing hometown. The predictor has been correct in the past three championship games, including Super Bowl XLV, in which Green Bay (7.7 percent 2010 unemployment) defeated Pittsburgh (8.0 percent).

Other facts of note:

  • On the seven previous occasions that both teams’ metro areas have had unemployment greater than 5.5 percent – as is the case this year — the team from the metro area with the lower jobless rate has won in every instance.
  • During the five previous occasions when at least one team represented a metro area with 7+ percent unemployment – as is the case this year, with the New York Giants – the team with higher unemployment lost in every instance.
  • The Giants’ upset victory over New England in Super Bowl XLII, when the Patriots entered the game undefeated, represents one of the three times in the past two decades when the unemployment rate predictor failed to predict the outcome of the game.

“Correlation does not imply causation, of course.  And there are exceptions to every rule,” Sathe said.  “But one should never underestimate the power of having a job.”

About RiseSmart

RiseSmart is the leading provider of next-generation outplacement solutions. The company leverages a cloud-based technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategies, and displaced employees with their career strategies. RiseSmart drives significant ROI to organizations by offering affordable pricing while reducing unemployment insurance taxes and severance costs. RiseSmart has received a wide range of awards and recognition from organizations including the Golden Bridge Awards, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TiE. For more information, visit

Scott Baradell

Web Site:

Credit Card Rates Drop at PenFed

Credit Card Rates Drop at PenFed

The lower and more competitive variable 9.99% purchase APR* is now available on the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Rewards Card.

 Staying true to course to bring every day value to its cardholders, Pentagon Federal Credit Union (PenFed) announced today that as of January 15, 2012, the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Card now feature a new, lower variable 9.99% purchase APR*.

The lower purchase rate will be capped at 9.99% APR* on new purchases until June 30, 2014 and will apply to both existing rewards cardholders, as well as all new cardholders.

For all new cardholders, the 9.99% purchase APR became effective on January 15, 2012. For existing cardholders, the lower purchase rate will be “rolled out” by billing cycle, beginning with the January 15, 2012 effective date.

“PenFed is very proud of its diverse and dynamic credit card portfolio,” says Kevyn Myers,Executive Vice President, Collections and Card Services, PenFed. “Where other reward card programs have exorbitant APRs to fund their reward programs, PenFed’s do not. Our reward cards are packed with value, and the new, lower purchase rate is just one more reason why these cards should be a top of the wallet choice for our cardholders.”

PenFed was the first credit union in the U.S. to offer an American Express® Card to its membership. Since the Card’s launch in 2009, the PenFed Premium Travel Rewards American Express® Card has been recognized as one of the leading travel reward cards available today. Cardholders enjoy 5 points for every $1 spent on airfare, 1 point for every $1 spent on everything else*.

The PenFed Visa Platinum Cash Card has experienced continual, award-winning success as one of the best cash rewards cards available. Cardholders enjoy 5% cash back on all gas purchases made at the pump*, and since cash back rewards are automatically credited back to the statement each month; this card has become a “no-fuss” favorite for these cardholders.

Additional features such as no annual or foreign transaction fees, and no caps on the rewards cardholders can earn, make the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Card both highly competitive contenders when compared to other reward programs currently available in the industry.

For more information about PenFed membership, the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Card, or to apply for a credit card, visit or call 800-247-5626.

About Pentagon Federal Credit Union

Pentagon Federal Credit Union (PenFed) is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel, employees or volunteers of the American Red Cross and military associations, and many others in the defense community and their families.

  • *9.99% APR: Variable 9.99% introductory purchase and cash advance rate capped through June 30, 2014. During this time the rate can only decrease if the Prime Rate decreases. After June 30, 2014 the cap will be removed and the APR will increase or decrease with the Prime Rate. Balance Transfer Rate: 1.99% APR promotional rate for 24 months on transfers made between January 1, 2012 and March 31, 2012. After that, the APR for the unpaid balance and any new transfers will be 9.99% and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. Fee is reduced to 1% (Min. $10 – Max. $250) per transaction for transfers made through March 31, 2012. The fee for balance transfers made after March 31, 2012 will return to 3% (Min. $10 – Max. $250) per transaction. How We Calculate Your Balance: We use a method called “average daily balance” (including new purchases). See PenFed’s account agreement for more details. Annual Percentage Rate (APR) on Purchases and Cash Advances: Your APR can change on January and July of each year. Terms, conditions and restrictions apply. Additional details will be provided upon card issuance. Loss of Balance Transfer APR: We may end your promotional Balance Transfer APR and apply the Penalty APR if we do not receive your payment within 60 days of the due date. PenFed Visa Platinum Cash Card: Rewards are available only for new monthly purchases made with the card: cash advances, checks drawn from the account, and balance transfers are excluded and do not earn credit toward rewards. Certain limitations apply to the Visa Platinum Rewards Program. Certain restrictions may apply. Visa USA determines which transactions are classified as paid at the pump. Fuel purchases for airplanes and boats receive 1.00% cash back. Note: As of February 1, 2012, the cash back on fuel purchases for airplanes and boats will decrease to 0.25%. PenFed Premium Travel Rewards American Express® Card: The PenFed Premium Travel Rewards American Express® Credit Card program is issued and administered by PenFed. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license. Rates: The information on this disclosure is current as of January 1, 2012, but is subject to change. To determine if any changes have occurred since this date, call 800-247-5626.

CONTACT: Amy Doane, Direct: +1-541-225-6606, E-mail: Web Site:

Student Loans: Here's How to Find the Best Options

Student debt has surpassed credit card debt for the first time in U.S. history, and the amount of outstanding student loans is expected to exceed $1 trillion in 2011. College seniors graduated with an average of $25,250 in student loans in 2010, up 5 percent from the previous year, according to The Project on Student Debt.

The issue has prompted U.S. Education Secretary Arne Duncan to call on higher education officials to work with greater urgency and creativity in reducing college costs, and spurred the Occupy Wall Street movement to set up a campaign focused on student debt.

Sourcebooks, a leading provider in college-bound resources for students and educators, recognizes the need for sound financial advice and guidance when it comes to the college search process. The publisher recently formed a new education division, Sourcebooks EDU, which made its first acquisition on Friday of and The online financial aid resources were founded by veteran admissions and guidance counselor Frank Palmasani, to help families conquer college costs.

“The economic impact of the student debt crisis is one of the big unknowns that we are facing today in this country,” Palmasani said. “The Financial Fit College Search Program is intended to engage students, parents, and high school counselors in a unified quest of finding affordable college options. The ultimate goal is to help families manage their college costs without excessive debt.”

Every year, thousands of college-bound students and parents face the complexity and anxiety associated with filing for and receiving their college financial aid packages, as well as making decisions that will affect them financially for years to come. In a process fraught with myths and misinformation, families often find out at the last minute that the colleges of their choice come with unexpectedly high financial burdens.

“Frank starts with the college search process and provides tools to support families all the way through choosing and paying for college,” Sourcebooks CEO Dominique Raccah said. “Guidance counselors are telling us they cannot act as financial advisors and have no resources available to direct families to as they begin the college process. We’re finally going to be able to provide help.” is a free, subscriber-based website that utilizes Palmasani’s vast and varied 25 years of experience to create a valuable resource for students, parents, and college admissions counselors. As users navigate the site, they will see features and links, along with 33 videos dealing with a wide range of issues pertaining to the financial aid process. Palmasani’s blog keeps parents up-to-date on the financial aid timeline while teaching them how they can help their student select the best AND most affordable option.

Building on this vision, Palmasani also created, a subscription-based website designed to help families match their affordability threshold with the net price of colleges. offers a 10-item confidential and anonymous questionnaire that evaluates tax credits, cash flow, available savings, and reasonable borrowing, and then provides families with a college affordability range.

Sourcebooks EDU plans to make these tools more widely available, as well as enhance these resources with additional video, content, webinars, seminars, books, interactive ebooks, and software tools.

About Frank Palmasani
Frank Palmasani, founder of and, began learning about the financial aid process in 1976, his first year as a high school counselor. In 1981, he moved to the college level eventually becoming a director of admissions. After a twelve-year stint, he returned to the high school arena to a position that he continues to enjoy today, serving as a guidance counselor. Palmasani also has also delivered seminars on the college financial aid and planning process to an estimated 100,000+ people since 1985.

About Sourcebooks
Sourcebooks is an independent publishing house dedicated to sharing our passion for books in a wide variety of genres.  We publish over 300 new titles each year, and are honored to have 28 New York Times bestsellers. Sourcebooks is one of the largest woman-owned book publishers in the country. Visit for more information.

CONTACT: Liz Kelsch of Sourcebooks, +1-630-536-0595,

Web Site:

CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of NYMEX Brent 25-Day (Platts) futures and options contracts to begin trading December 12 with February 2012 being the first listed month. These contracts are listed with, and subject to, the rules and regulations of NYMEX.

“Our new NYMEX Brent 25-Day contracts will offer customers a critical hedging solution to manage their price risk, at a time when the Brent market is undergoing a significant transformation,” said Gary Morsches, Managing Director, Energy Products, CME Group. “Customers have expressed strong interest in a transparently settled Brent futures contract that more closely reflects the hedging needs of the underlying physical Brent market. We’re confident our new contracts are well aligned with the Platts 25-day basis and will provide market participants with transparency and superior convergence against the physical Brent market to enable them to begin managing their price risk today.”

Final settlement of NYMEX Brent 25-Day (Platts) futures and options contracts will be based on the Platts 25-day Brent (BFOE) cash assessment and use the Platts Market on Close (MOC) methodology, which is the industry standard for Brent pricing. Options to be listed will include an average price option and underlying calendar swap, as well as American-style and European-style options. These contracts will be listed for electronic trading on CME Globex, open-outcry and over-the-counter clearing on CME ClearPort.

CME Group will work with Platts on an ongoing basis to maintain contract specifications in close alignment with the Brent (BFOE) cash market, including adopting a revised expiry schedule beginning in March 2015.

The CME Group Energy complex offers the most benchmarks in its asset class, with market participants trading an average daily volume of 1.8 million contracts on CME Globex, CME ClearPort and the trading floor.

As the world’s leading and most diverse derivatives marketplace, CME Group ( is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME

Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at


CONTACT: Media, Damon Leavell, +1-212-299-2547, or Allan Schoenberg, +44.203.379.3830,,, or Investors, John Peschier, +1-312-930-8491

Web Site:

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