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Picasso Retains Sponsor for Qualifying Transaction

CALGARY (Marketwire) - Picasso Inc. (the "Corporation" or "Picasso") (TSX VENTURE:PSO.P), a capital pool company, is pleased to announce that Canaccord Capital Corporation, subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the Corporation's proposed reverse take-over transaction of Blackline GPS Inc. ("Blackline") and Blackline GPS Employee Retention Corp. ("EmployeeCo") as its Qualifying Transaction (the "Transaction"). An agreement to sponsor should not be construed as any assurance with respect to the merits of the Transaction or the likelihood of completion. Trading in the common shares of the Corporation will remain halted until certain required documents have been provided to the TSX Venture Exchange Inc.

Pada chief says personal accounts may use basic pay

Speaking at the TISA Retirement Savings Challenge Conference on board the HQS Wellington yesterday, Jones said: "Qualifying earnings need not be the only way personal accounts offers a product. We may well offer a basic pay product with some check against your adherance to minimum you have got to put in but there is nothing to stop us as a scheme offering a basic pay product."

Government offers concessions on personal accounts exemption

The Bill states the quality standard for a money purchase scheme is that members receive contributions of 8 per cent of qualifying earnings, of which 3 per cent are made from the employer.

CBI COMMENTS ON GOVERNMENT PENSION BILL MEASURES

Neil Carberry, CBI Head of Employment and Pensions, said: “Today's announcement by the Government is a step in the right direction. If the qualifying test is too complex and bureaucratic, many firms currently offering better provision may be tempted to level down into personal accounts, with employees losing out. We hope that the government will consider further simplification measures to ensure this does not happen, as the current proposals are still too complex.�

BIA/SC Launches New Consumer 2.0 Web Site

DIAMOND BAR, CA - The Building Industry Association of Southern California is launching an exciting new consumer Web site designed to simplify the home finding and loan qualifying process for potential new home buyers.

BIA of Southern California Launches New Consumer 2.0 Web Site

DIAMOND BAR, CA -- The Building Industry Association of Southern California (BIA/SC) is launching an exciting new consumer Web site designed to simplify the home finding and loan qualifying process for potential new home buyers.

BIA of Southern California Launches New Consumer 2.0 Web Site

DIAMOND BAR, Calif. - (Business Wire) The Building Industry Association of Southern California (BIA/SC) is launching an exciting new consumer Web site designed to simplify the home finding and loan qualifying process for potential new home buyers.

Durban cricket clubs eye semi-final berths

With just two rounds to go after tomorrow, the Premier League teams are jockeying for position to get the top two spots in each of Pool A and Pool B, thereby qualifying for the semi-finals in three week’s time and the dream of a berth in the 45-over final on December 7.

American Express Granted Bank Holding Company Status

NEW YORK--(Business Wire)-- American Express (NYSE: AXP) announced today that the U.S. Federal Reserve has approved its application to become licensed as a bank holding company and to be regulated by the Federal Reserve. Qualifying as a bank holding company will provide American Express maximum flexibility and stability in this challenging economic environment. It aligns American Express' regulatory status with other companies in the financial services industry, further diversifies the Company's funding sources and access to capital, and provides opportunities to expand its deposit-taking capabilities. "Given the continued volatility in the financial markets, we want to be best positioned to take advantage of the various programs the federal government has introduced or may introduce to support U.

AT&T announces agreement with Activision to launch Guitar Hero promotion

US communications holding company AT&T Inc (NYSE:T) announced on Wednesday (12 November) that in conjunction with Activision Inc (Nasdaq:ATVI), a developer, publisher and distributor of interactive entertainment and leisure products, a new deal will provide qualifying customers access to Guitar Hero World Tour, the recently released instalment in Activision's Guitar Hero franchise.

Picasso enlists Canaccord as QT sponsor

Picasso Inc. has obtained an agreement from Canaccord Capital Corp. to act as sponsor, subject to completion of satisfactory due diligence, in connection with the corporation's proposed reverse takeover transaction of Blackline GPS Inc. and Blackline GPS Employee Retention Corp. as its qualifying transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion. Trading in the common shares of the corporation will remain halted until certain required documents have been provided to the TSX Venture Exchange Inc. in regard to the sponsor.

Armadillo Aerospace Takes Level 1 Lunar Lander Prize

jedibfa writes "Las Cruces International Airport came alive with applause and cheers yesterday afternoon as John Carmack's Armadillo Aerospace took the first place prize for the Level 1 challenge of the Northrop Grumman Lunar Lander Challenge, winning $350,000 and bragging rights. Adding to the excitement of the day, shortly before completing their second qualifying flight, Armadillo Aerospace and The Rocket Racing League announced a joint program to develop a sub-orbital tourist vehicle that will fly out of the New Mexico-based Spaceport America and cost less than $100,000 per ticket. On Sunday, the team will have three opportunities to go for the Level 2 challenge that more closely approximates the required performance for a real lunar landing.

Can Mumbai Champs score maiden win?

With three more games to go, Mumbai Champs, whose coach Sandeep Patil has been relieved of his duties, will be keen to show they are not in the league to merely make up the numbers. Now it's up to Nathan Astle, their captain, and new coach Dean Jones to rev up the side. They have no chance of qualifying for the semi-finals - they have no points from five games - but they will want to avoid the wooden spoon.

Bank of Japan eases collateral standards

HONG KONG (MarketWatch) -- The Bank of Japan's policy board decided at an unscheduled meeting Tuesday to accept a broader range of collateral against the provision of liquidity, including loosened standards for the acceptance of corporate bonds, as it seeks to bolster funding available to companies ahead of the calendar and fiscal year end. The central bank said it will now accept BBB-rated corporate debt or higher as collateral, effectively watering down its previous qualifying standard of A-rated or higher, effective Dec. 9. The central bank also said it would provide unlimited funds collateralized by corporate debt at interest rates equal to its overnight call rate of 0.3%. The central said it would finalize the conditions for the new collateralized funding facility at its Dec.

BOJ to accept wider range of collateral in fund operations

HONG KONG (MarketWatch) -- The Bank of Japan's policy board decided at an unscheduled meeting Tuesday to accept a broader range of collateral against the provision of liquidity, including loosened standards for the acceptance of corporate bonds, as it seeks to bolster funding available to companies ahead of the calendar and fiscal year end. The central bank said it will now accept BBB-rated corporate debt or higher as collateral, effectively watering down its previous qualifying standard of A-rated or higher, effective Dec. 9. The central bank also said it would provide unlimited funds collateralized by corporate debt at interest rates equal to its overnight call rate of 0.3%. The central said it would finalize the conditions for the new collateralized funding facility at its Dec.

15 amazing Web apps built in 48 hours

15 amazing Web apps built in 48 hours Earlier this month, the Rails Rumble 2008 announced the eight winners of its programming competition where teams of up to four people had 48 hours to build original (and somewhat complete) Web apps. Ruby on Rails is perhaps best known as the app development platform that built Twitter. But competitions like the Rumble prove how powerful the young platform can be. Here, we showcase the competition winners along with other cool apps of enterprise appeal from the 130 qualifying entries. Winners were selected by an open vote on the Internet and were judged on appearance, completeness, innovation and usefulness. First prize: MeetInBetween.us With a cutline of "I'm not driving all the way out there!" this application is all about finding middle ground.

Seacoast Commerce Bank Approved For Government TARP Investment

today announced that the Treasury Department has preliminarily approved an investment in the Bank of up to $1.8 million in new capital under the TARP program. As part of the $700 Billion Emergency Economic Stabilization Act, the Treasury encouraged healthy banks to participate in the Capital Purchase Program to build capital to increase the flow of financing to U.S. businesses and consumers and to support the U.S. economy. Under the program, the Treasury will purchase senior preferred shares of stock, only available to qualifying, sound financial institutions.

Avoided cost, then and now (Power Lines blog)

Avoided cost. There's a term we don't deal with much nowadays, but there was a time when it was everyday talk in the power industry -- thanks to the Public Utility Regulatory Policies Act, the law that observed its 30th birthday in November, as my colleague Peter Maloney recalled in a post this past Wednesday. He took a look at PURPA in our weekly publications, and will explore it and its progeny more in the coming months. At any rate, way back when, PURPA regulations made qualifying power facilities get paid amounts linked to utilities' avoided costs.

Steam Linux on the way? Left 4 Dead carries Linux binaries

Though some will protest that its DRM system is detestable, Valve's Steam platform is by far one of the best compromises between publishers and gamers, and it's a key contributor to the overall health of PC gaming. Valve has gradually developed the once-despised platform into something worth supporting, but if there is any one remaining flaw of the system, it's that the service is not cross-platform compatible. However, if some snoopers who have found Linux binaries in Valve code are correct, that may need a qualifying "yet."

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