Monday, 22 September 2014
Last updated 6 hours ago
Nov 24 2009 | 8:44am ET
Clear Skies Solar, Inc. (CSS) will sell approximately one third of its wholly owned subsidiary C612 to a group of private investors.
C612 was formed last year to house the patented and patent pending technologies developed in-house by CSS.
The sale is expected to increase working capital available at CSS.
CEO Ezra Green said in a statement the sale would reduce the company’s monthly expenses by about 25%, allowing for increased flexibility to meet upcoming growth plans and permit C612 to support its own working capital needs. Green said the move will also facilitate Clear Skies’ move into the smart grid market.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.