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    News and Articles on Ordinary Course Of Business

    Archives: Ordinary Course Of Business

    High Court's Busy New Term Just Got Busier  Oct 4, 2008
    In a brief on behalf of the U.S. Chamber of Commerce supporting review by the high court, , partner in the Washington office of Houston's Baker Botts, said the lower court ruling in favor of the government "widens the already broad net" of Superfund liability to encompass those who sell chemicals or other products in the ordinary course of business based on the assertion that such companies have somehow "arranged for the disposal" of their products at the same time they are delivering them to... (Law.com)

    Corus Entertainment provides fiscal 2009 guidance and announces dividend reinvestment plan for shareholders  Sep 25, 2008
    Important factors that could cause actual results to differ materially from these expectations include, among other things: our ability to attract and retain advertising revenues; audience acceptance of our television programs and cable networks; our ability to recoup production costs, the availability of tax credits and the existence of co-production treaties; our ability to compete in any of the industries in which we do business; the opportunities (or lack thereof) that may be presented to... (Canada Newswire)

    India Hospitality Corp. Reports Financial Results as of March 31, 2008  Sep 23, 2008
    Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the sale. 4. (PR Newswire)

    BMO Financial Group Reports Third Quarter Net Income of $521 Million  Aug 26, 2008
    Transactions with Related Parties In the ordinary course of business, we provide banking services to our directors and executives and their affiliated entities, joint ventures and equity-accounted investees on the same terms that we offer our customers. A select suite of customer loan and mortgage products is offered to our employees at rates normally accorded to our preferred customers. (Canada Newswire)

    Shawcor Ltd. announces second quarter 2008 results  Aug 7, 2008
    Contractual Obligations There were no material changes to the Company's contractual obligations during the quarter, other than those that would be expected in the ordinary course of business. Summary of Quarterly Results The following is a summary of selected financial information for the ten most recently completed quarters: (In thousands of Canadian dollars except per share amounts) First Second Third Fourth Full Year -------------------------------------------------------------------------... (PR Newswire)

    Writing Off Your Investment Costs  Aug 7, 2008
    it's your principal place of business or it's used regularly to meet with clients or customers in the ordinary course of business, or it's a separate structure apart from the residence portion of the home. Warning: Don't use your home office for investment management activities. (SmartMoney)

    BELLUS Health moves forward on nutraceutical and pharmaceutical fronts - Reports Results for First Half of 2008  Aug 5, 2008
    The consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue its operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the ordinary course of business. These financial statements do not include any adjustments to the amounts and classification for assets and liabilities that may be necessary should the Company not be successful in its effort to obtain additional... (Canada Newswire)

    EA Reports First Quarter Fiscal Year 2009 Results  Jul 30, 2008
    The Company does not engage in restructuring activities on a regular basis or in the ordinary course of business. As such, the Company believes it is appropriate to exclude restructuring charges from its non-GAAP financial measures. (Yahoo! Wire -- Entertainment News)

    Perot Systems Reports Second Quarter 2008 Financial Results  Jul 29, 2008
    The remaining reduction to debt relates to other debt repayment in the ordinary course of business. About Perot Systems Perot Systems is a worldwide provider of information technology services and business solutions. (PR Newswire)

    Loblaw Companies Limited reports second quarter 2008 results  Jul 25, 2008
    Forward-Looking Statements This Quarterly Report for Loblaw Companies Limited and its subsidiaries (collectively, the "Company" or "Loblaw") including the Management's Discussion and Analysis ("MDontains forward-looking statements about the Company's objectives, plans, goals, aspirations, strategies, financial condition, results of operations, cash flows, performance, prospects and opportunities. Words such as "anticipate", "expect", "believe", "could", "estimate", "goal", "intend", "plan",... (Canada Newswire)

    Your Friday reads  Jul 25, 2008
    He writes: "Proxy fights are very expensive and time-consuming. Unlike political elections, where change is often seen, it is unfortunately extremely difficult to take control of a company. By the end of last week, I realized that although many large shareholders supported me and my slate for the board, they were nervous about having a complete change of control. From prior proxy contest experience, I have discovered that a minority position on the board can be also quite effective. Therefore, I... (Globe and Mail -- Technology)

    Icahn Speaks Out on Yahoo Truce  Jul 25, 2008
    Icahn said that the agreement with Yahoo, which was finalized at 5 a.m. on Monday, gives him the right to sit on any committee organized to discuss "material transactions out of the ordinary course of business.". In his blog post, Icahn also called attention to another provision in the settlement agreement, which assures that the full board will meet to discuss "any meaningful transaction, including the strategy in dealing with that transaction.". (CIO Information Network)

    Debenhams Reverses Decline in Sales on Demand for New Ranges of Fashions  Jun 24, 2008
    The company also said it has made no changes to supplier terms ``outside the ordinary course of business. The Sunday Times said June 22 Debenhams had increased the amount of time it's taking to pay suppliers. (Bloomberg -- UK)

    Regulator will see ABC in court  Jun 19, 2008
    Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)

    Pathfinder Prospectus  Jun 10, 2008
    St Barbara is, in the ordinary course of business, in regular discussions with other resource companies which may result in St Barbara entering into a joint venture or other arrangements. There are no discussions currently underway that are of a material nature to St Barbara. (Sydney Morning Herald)

    State probes Office Depot pricing  Jun 7, 2008
    Levine said each contract is different, and that refunds and audits are part of the "ordinary course of business.". In Georgia, a group of mom-and-pop office products dealers claimed Office Depot bid low to secure the lucrative contract, then charged more through price increases or product substitutions. (The Palm Beach Post)

    Take-Two Interactive Software, Inc. Reports Strong Second Quarter Fiscal 2008 Financial Results  Jun 6, 2008
    The Company continues to incur expenses for professional fees and has accrued for legal settlements that are outside its ordinary course of business. As a result, the Company has excluded such expenses from its non-GAAP financial measures. (Yahoo! Wire -- Entertainment News)

    Caza Oil & Gas, Inc.: Further Re Millennium Global and Board Change  May 22, 2008
    "LONDON, May 13 /CNW/ - Millennium Global Investments Ltd. ("Millennium Global") has filed an early warning report in respect of the 3,300,000 common shares of Caza Oil & Gas, Inc. ("Caza") that were purchased by Millennium Global Natural Resources Fund Limited ("MGNR") in April 2008. Millennium Global is the investment manager of MGNR and has control and direction over the common shares of Caza purchased by MGNR.Overall, as at April 30, 2008, Millennium Global has control and direction over... (CCNMatthews Press Releases)

    GPC Biotech Reports Financial Results for First ...  May 15, 2008
    From time to time, the Company may be party to certain legal proceedings and claims which arise during the ordinary course of business. Legal proceedings are subject to various uncertainties and the outcomes are difficult to predict. (Fox News)

    Can a Campaign Go Bankrupt?  May 8, 2008
    To do so, a former candidate must agree with creditors on how much he or she will pay back, and the FEC must verify that each creditor extended the debt in the "ordinary course of business" and tried its best to collect. (Unlike outstanding payments to vendors or staff, bank loans typically can't be forgiven. (Slate)

    Capital Trust Reports First Quarter 2008  May 7, 2008
    Two of these funds, Fund III and the CTX Fund I, L.P., have ended their investment periods and are liquidating in the ordinary course of business. The other funds, CT Large Loan 2006, Inc. ("CT Large Loan") and CTOPI, are investing and capitalized with $325 million and $389 million ($272 million immediately available) of equity commitments, respectively. (PR Newswire)

    Tropicana Entertainment Files for Chapter 11 Reorganization  May 6, 2008
    The company intends to pay all providers of goods and services delivered post-petition in the ordinary course of business. The nine business entities included in the filing are casinos and affiliates that are directly owned by Tropicana Entertainment, LLC. They are. (Yahoo! Wire -- Entertainment News)

    Sasol Limited interim financial results for the six months ended 31 December 2007  Mar 10, 2008
    Related party transactions The group, in the ordinary course of business, entered into various sale and purchase transactions on an arm's length basis at market rates with related parties. Significant changes in contingent liabilities since 30 June 2007 In January 2008, Yellow Rock was awarded damages in the amount of US$9,2 million, plus interest against Sasol North America LLC, who will be appealing the decision. (PR Newswire)

    Ziff Davis Media Reaches Agreement to Restructure Senior Secured Debt  Mar 6, 2008
    Additionally, during the restructuring process, vendors and business partners should expect to be paid for post-filing goods sold and services rendered to the Company in the ordinary course of business. Ziff Davis has retained Alvarez & Marsal as financial and restructuring advisor and Winston & Strawn LLP as legal counsel to provide professional services in connection with these restructuring efforts. (Yahoo! Wire -- Entertainment News)

    Strongco Reports Fourth Quarter Results  Mar 5, 2008
    In the ordinary course of business, the Fund may be exposed to contingent liabilities in varying amounts and for which provisions have been made in the interim unaudited consolidated financial statements as appropriate ... (b) In the ordinary course of business activities, the Fund may be contingently liable for litigation. (CCNMatthews Press Releases)

    Scotiabank reports first quarter earnings of $835 million  Mar 4, 2008
    No material contractual obligations were entered into this quarter that are not in the ordinary course of business. Processes for review and approval of these contractual arrangements are unchanged from last year. (Canada Newswire)

    Equitable Group reports record 2007 results and 2008 objectives  Feb 27, 2008
    QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)

    Financing Date of NetManage's Acquisition by Rocket Software, Inc. Further Extended  Feb 11, 2008
    Under the terms of the amendment to the Agreement, Rocket will have the right to terminate the Agreement if NetManage takes any of these actions that are outside of its ordinary course of business. In addition, the termination rights of Rocket and NetManage have been amended to provide NetManage with the right to terminate the agreement at any time prior to Rocket's waiver of the financing closing condition and to provide Rocket with the right to terminate the Agreement at any time prior to... (Primezone Releases)

    Manchester Inc. Seeks Protection of Chapter 11 of the Bankruptcy Code  Feb 10, 2008
    Rick D. Gaines, Manchester's newly appointed President and Chief Executive Officer stated, "Manchester filed for bankruptcy protection due to an ongoing dispute with its senior secured creditor and intends to use this opportunity to resolve ongoing disputes that have adversely affected the company and its operations. Manchester is requesting and expects to receive authority from the Bankruptcy Court that will allow it to continue to operate in the ordinary course of business during its chapter... (PR Newswire)

    Barletta’s campaign committee accused of not paying on debt  Feb 9, 2008
    In his letter, Wolff continues, No bank in the ordinary course of business would make a 10-year unsecured loan to a dormant political committee of a losing candidate. The fact that the committee reports no payment of principal or interest on the loan demonstrates that the loan disclosed by the committee cannot possibly be legal. (The Citizen's Voice, PA)

    Fortis Earns Record $193 Million in 2007  Feb 7, 2008
    Contingencies: Fortis is subject to various legal proceedings and claims that arise in the ordinary course of business operations. Management believes that the amount of liability, if any, from these actions would not have a material effect on the Corporation's financial position or results of operations. (CCNMatthews Press Releases)

    Warren Resources Announces 2007 Production, 2008 Capital Expenditure Budget and Guidance and Provides Operational Update  Feb 5, 2008
    Warren follows an existing regulatory-approved contingency plan, which is maintained on site at the WTU and NWU. * With respect to the alleged March 7, 2007 incident at the NWU, the 4,000 barrels of oil were captured within a surrounding concrete retainer wall and pumped to a nearby NWU oil storage tank and virtually all of the 4,000 barrels of oil was sold in the ordinary course of business. Warren has an exemplary environmental record. (Primezone Releases)

    Gennum Reports 2007 Fourth Quarter and Year-End Results  Feb 2, 2008
    In the ordinary course of business activities, the Company may become involved in litigation or claims with customers, suppliers, former employees and third parties. Normal Course Issuer Bid During the quarter, the Company acquired 131,800 common shares out of the market at an average cost per share of $10. (Canada Newswire)

    Statement from BTP Acquisition Company  Jan 26, 2008
    In addition, on January 25, BTP (in response to Images press release and notices) further notified Image that Image was in further breach of the Merger Agreement on account of material adverse changes in Images condition, and on account of Image having entered into agreements on terms not in accordance with the ordinary course of business. Finally, Image had violated the Merger Agreement by not obtaining the consent of BTP to the Output Distribution Agreement and material ancillary... (Yahoo! Wire -- Entertainment News)

    Duckwall-ALCO Stores Completes New Credit Facility  Jan 24, 2008
    The new facility is available to the Company for financing working capital assets, including the purchase of inventory and equipment during the ordinary course of business. The facility is also available to the Company for acquisitions and other general corporate purposes. (Primezone Releases)

    Talam on track  Nov 15, 2007
    This arose due to the statement being based on the group's ability "to operate profitability in the foreseeable future and consequently, the realisation of assets and settlement of liabilities will occur in the ordinary course of business.". If the proposed regularisation plan were not concluded successfully, without any material modification, within the anticipated timeframe, the basis of the preparation would be rendered "inappropriate," the circular said. (The Star Online, Malaysia)

    Storm Exploration Inc. is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2007  Nov 14, 2007
    Storm's disclosure control policy provides for the establishment of a Disclosure Committee, comprised of the Chief Executive Officer and Chief Financial Officer, which reviews policies and procedures applicable to the provision of information to any party, other than industry partners in the ordinary course of business, and reviews any circumstances which may suggest a breach of disclosure controls. Although Storm's disclosure control policy is believed to be effective, it cannot provide more... (CCNMatthews Press Releases)

    Burmis Energy Reports Results for the Third Quarter of 2007  Nov 13, 2007
    The work done on behalf of the Company was in the ordinary course of business and was billed at market rates. OTHER TRANSACTIONS. (CCNMatthews Press Releases)

    Collicutt Energy Services Ltd. Announces Its Third Quarter Report of 2007  Nov 10, 2007
    The Company is involved in various litigation matters arising in the ordinary course of business, for which no provision has been made in the financial statements. Management is of the opinion that any resulting net settlement would not materially affect the financial position, results of operations, or liquidity of the Company. (CCNMatthews Press Releases)

    The Walt Disney Company Reports Record Earnings for Fiscal Year 2007  Nov 9, 2007
    However, we may not immediately apply cash and cash equivalents to the reduction of debt, nor do we expect that we would use all of our available cash and cash equivalents to repay debt in the ordinary course of business. Free cash flow The Company uses free cash flow (cash provided by continuing operating activities less investments in parks, resorts and other property), among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other... (Yahoo! Wire -- Entertainment News)

    Fortis Earns $30.8 Million in Third Quarter  Nov 2, 2007
    Contingencies: Fortis is subject to various legal proceedings and claims that arise in the ordinary course of business operations. The Corporation's contingent liabilities are consistent with disclosures in the Corporation's 2006 annual audited consolidated financial statements except as described below. (CCNMatthews Press Releases)

    Centerra Gold Reports Third Quarter Earnings Before Unusual Items of $0.02 per Share  Oct 31, 2007
    Centerra will repay these advances, which are non-interest bearing and payable on demand, in the ordinary course of business ... These advances, which are non-interest bearing and payable on demand, will be repaid in the ordinary course of business. (CCNMatthews Press Releases)

    Transmile signs lease contract  Oct 23, 2007
    We also wish to confirm that our major shareholders and/or persons connected to major shareholders do not have any interest in the contract,'' the company said, adding that the leasing of aircraft was in its ordinary course of business. TRANMIL : [] [] TRANMIL-O. (The Star Online, Malaysia -- Business)

    Omnicell Reports Strong Q3 Revenue and Profit Growth  Oct 19, 2007
    Management adjusts for the excluded items because management believes that, in general, these items possess one or more of the following characteristics: their magnitude and timing is largely outside of Omnicell's control; they are unrelated to the ongoing operation of the business in the ordinary course; they are unusual and we do not expect them to occur in the ordinary course of business; or they are non-operational, or non-cash expenses involving stock option grants. We believe that the... (PR Newswire)

    Remy Files Prepackaged Plan of Reorganization  Oct 9, 2007
    The Company anticipates that it will receive court authority to pay employee wages and benefits without interruption and continue to pay trade creditors and suppliers in the ordinary course of business. Remy's international operations are excluded from the filing and will not be directly affected. (PR Newswire)

    Mitsui & Co (USA) UK Regulatory Announcement: Annual report & accounts  Oct 8, 2007
    DERIVATIVES INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to market risks related to foreign currency exchange rates, interest rates and commodity prices in the ordinary course of business ... Financial Commitments: The Company provides various guarantees and financial commitments for its customers and associated companies in the ordinary course of business, which include letters of credit and financial guarantees, among others. (BusinessWire)

    Marcal Paper Mills, Inc. Files Intent to Proceed with Amended Plan of Reorganization and Sale Process  Oct 3, 2007
    "After expending a considerable amount of time and effort exploring various restructuring alternatives, we have concluded that a sale of the Company as part of a plan of reorganization - while we continue to operate in the ordinary course of business - is the best way for us to provide continuing employment to our loyal people, ensure our ongoing relationships with our many valued customers and vendors, and maximize value for the benefit of our creditors," said Company Chairman and CEO Nicholas... (PR Newswire)

    Eastern Platinum Limited Reports Year-End Results  Sep 24, 2007
    Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses. Obsolete, redundant and slow moving stores are identified and written down to net realizable values. (CCNMatthews Press Releases)

    EUROPEAN LEADERS CALL FOR ACTION TO CURB EURO CLIMB...  Sep 23, 2007
    2nd UPDATE: ECB, Politics, Business Spar Over Euro Rate. Enter your search terms. (The Drudge Report)

    Monitoring employee e-mail: Avoid stalking and illegal Internet conduct  Sep 18, 2007
    The ECPA contains two exceptions whereby employers may avoid liability under the statute: (1) a consent exception where the employee consents to being monitored after being informed of the company's intention to monitor; and (2) a business extension exception, i.e., monitoring done in the ordinary course of business for quality control purposes, etc. However, to date, it is unclear whether a private employer who desires to monitor employee e-mail and Internet usage satisfies any of the... (Pittsburgh Business Times, PA)

    KKR, banks delay First Data financing talks, will resume next week  Sep 14, 2007
    They probably feel comfortable with the fact they'll get the terms completed during the ordinary course of business. Banks agreed to back private equity deals with virtually no financing outs during the past few years, and they are now under pressure. (San Diego Union-Tribune -- Business)

    British firm takes 11 percent stake in Ashland  Sep 12, 2007
    The filing said the shares were acquired in the ordinary course of business and are not being held for the purpose of changing or influencing the control of the company, whose business segments include Valvoline. Other major shareholders of Ashland (NYSE: ASH) include Goldman Sachs Asset Management LP, which reported a 7. (Louisville Business First, KY)

    Sasol Limited - Record results for the year ended 30 June 2007  Sep 10, 2007
    Related party transactions The group, in the ordinary course of business, entered into various sale and purchase transactions on an arm's length basis at market rates with related parties. Acquisition and disposals of businesses With effect from 1 July 2006, a 25% interest in Rompco was sold to Companhia de Mocambicana de Gasoduto (CMG) and a profit of R346 million was realised. (PR Newswire)

    Corby Distilleries Limited reports earnings for the three months and year ended June 30, 2007 & announces dividend  Aug 30, 2007
    As a result, it is expected that the Company will be able to meet all funding and working capital requirements that may arise within the ordinary course of business. While demographic and financial market dynamics in recent years have increased the cost of providing pensions and other post-retirement benefits, the Company is committed to making any required contributions to ensure that it meets its obligations. (Canada Newswire)

    Stratic Announces Grant of Stock Options  Aug 28, 2007
    CALGARY, Aug. 28 /CNW/ - Stratic Energy Corporation (TSX-Venture: 'SE'; AIM: 'SE.') announces that it has, in the ordinary course of business, today granted stock options to acquire up to 1,306,512 shares to employees of the company, including 250,000 shares issued to an insider. The strike price of $0. (Canada Newswire)

    John Rigas, Tim Rigas get last minute change of prison; Family makes final parting shots  Aug 21, 2007
    Michael wrote on Aug 15, 2007 10:54 AM:" With respect to the recent post from "please" you too are so uninformed it is pathetic. There was NOT A SINGLE BANK THAT LOST MONEY!!!!! All banks were made whole. No commericial or investment bank testified that they lost money. In fact the loans were all drafted by the banks of the "alleged fraud". So I say again, who can you trust through the ordinary course of business?? Your analogy about robbing a bank is ridiculous. You are obviously one of the... (Wellsville Daily Reporter, NY)

    Tower Semiconductor Reports 28 Percent Year-Over-Year Revenue Growth in the Second Quarter 2007 and 40 Percent Growth in the First Half 2007  Aug 15, 2007
    Potential risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) the completion of the equipment installation, technology transfer and ramp-up of production in Fab 2 and raising the funds therefor, (ii) the cyclical nature of the semiconductor industry and the resulting periodic overcapacity, fluctuations in operating results, future average selling price erosion that may be more severe than our expectations, (iii) having sufficient funds to operate the... (BusinessWire)

    Bulldog Resources Announces Second Quarter Results, Successful Fertile Pool Reduced Well Spacing Pilot Project and Increasing 2007 Capital Budget  Aug 10, 2007
    Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", ", "estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements or information in this MD&A include but are not limited to capital expenditures, business strategy and objectives, net revenue, future production levels, developments plans and the timing thereof, operating and other costs, royalty... (CCNMatthews Press Releases)

    Magna Entertainment Corp. announces results for the second quarter ended June 30, 2007, Strategic Review of Assets and Operations and immediate Corporate Initiatives  Aug 10, 2007
    (b) In the ordinary course of business activities, the Company may be contingently liable for litigation and claims with, among others, customers, suppliers and former employees. Management believes that adequate provisions have been recorded in the accounts where required. (Yahoo! Wire -- Entertainment News)

    ATS reports first quarter: Significant increases in ASG orders and MgSi solar production, announces Photowatt spin-out  Aug 9, 2007
    0 million, liens for borrowings by subsidiaries of up to 15% of "tangible net worth" of the Company, and purchase money security interests and certain other security interests entered into in the ordinary course of business. The agreement also restricts the disposition of assets by the Company, with certain permitted exceptions and an agreement to reduce available credit by an amount equal to a portion of the net proceeds received by the Company from certain material asset sales, if any. (Canada Newswire)

    GPC Biotech Reports Financial Results for Second Quarter and First Six Months of 2007  Aug 8, 2007
    Commitments and Contingencies Contingent Commitments and Contingent Losses From time to time, the Company may be party to certain legal proceedings and claims which arise during the ordinary course of business. The Company also has other contingencies relating to potential milestone payments. (PR Newswire)

    EA Reports First Quarter Fiscal 2008 Results  Aug 2, 2007
    The Company does not engage in restructuring activities on a regular basis or in the ordinary course of business. As such, the Company believes it is appropriate to exclude restructuring charges from its non-GAAP financial measures. (Yahoo! Wire -- Entertainment News)

    Leighton makes eyes at Macmahon  Jul 31, 2007
    "It is not [our] current intention to make an offer for Macmahon and we will deal with our shareholding in the ordinary course of business.". Macmahon services the mining and civil construction areas in Australia, New Zealand and Malaysia, and the company's clients include miners BHP Billiton and Rio Tinto. (Sydney Morning Herald -- Business)

    Bendigo Bank Ld UK Regulatory Announcement: Publication of a prospectus  Jul 30, 2007
    (vii) Security Interest includes any mortgage, pledge, lien or charge or any security or preferential interest or arrangement of any kind (including, without limitation, retention of title and any deposit of money by way of security), but excluding (i) any charge or lien arising in favour of any Government Agency by operation of statute (provided there is no default in payment of moneys owing under such charge or lien), (ii) a right of title retention in connection with the acquisition of goods... (BusinessWire)

    Macmahon rebuffs approach from Leightons  Jul 30, 2007
    "It is not Leighton Holdings' current intention to make an offer for Macmahon and we will deal with our shareholding in the ordinary course of business," the company said. "Leighton Holdings actively manages its investments which includes buying and selling assets on a regular basis.". (Sydney Morning Herald -- Business)

    Nash Finch Reports 2nd Quarter 2007 Results  Jul 19, 2007
    1 Consolidated EBITDA, as defined in our credit agreement, and segment EBITDA is calculated as earnings before interest, income tax, depreciation and amortization, adjusted to exclude extraordinary gains or losses, gains or losses from sales of assets other than inventory in the ordinary course of business, and non-cash charges (such as LIFO, asset impairments, closed store lease costs and share-based compensation), less cash payments made during the current period on non-cash charges recorded... (BusinessWire)

    Novadaq provides further update on status of ICG supply  Jul 16, 2007
    Novadaq has been advised that the FDA has recently approved an extension of the expiry date of certain of Akorn's current inventory of ICG. Despite competing market demands for ICG, Novadaq believes it has secured a sufficient inventory of ICG that will permit it to resume those of its operations that are dependent upon ICG in the ordinary course of business through end of November 2007. Novadaq understands that Akorn continues to work closely to obtain approval of its manufacturing site change... (Canada Newswire)

    Corus Entertainment Announces Third Quarter Results  Jul 10, 2007
    Important factors that could cause actual results to differ materially from these expectations include, among other things: our ability to attract and retain advertising revenues; audience acceptance of our television programs and cable networks; our ability to recoup production costs, the availability of tax credits and the existence of co-production treaties; our ability to compete in any of the industries in which we do business; the opportunities (or lack thereof) that may be presented to... (Canada Newswire)

    Fareport Capital Inc. Announces Terms of Restructuring and Refinancing  Jul 7, 2007
    After the secured creditor's debentures and the applicable unsecured debt has been cancelled, Fareport will have no outstanding long term debt (excluding its trade accounts payable (including certain professional fees) incurred in the ordinary course of business). The total amount of debt to be settled is $2,578,884. (CCNMatthews Press Releases)

    Pan American Hospital criticized  Jun 30, 2007
    Debtors are expected to bring major financial transactions before bankruptcy courts prior to signing them to determine whether they were conducted in the ordinary course of business ... The purchases were still within the ordinary course of business, Charbonneau said, and the hospital filed a motion after the examiner's report was released, seeking court approval of the done deals. (South Florida Business Journal, FL)

    Micro Focus International plc Preliminary Results for the Full Year to 30 April 2007  Jun 28, 2007
    Net realisable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses ... There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. (BusinessWire)

    Wiley Rein, Insurer Sanctioned $1.25 Million  Jun 20, 2007
    The document was withheld despite Brunner's instruction to primary liability and excess liability underwriters on Jan. 7, 2002, that "all communications relating to [the] situation should be preserved, including communications that would be discarded in the ordinary course of business.". Just four days after Brunner's instruction was issued, Zurich underwriter Lynn Maier sent an e-mail to two assistants and her supervisor saying, "As per our conversation, please confirm ASAP, that the old... (Law.com)

    By using this site, you accept the terms of our Visitor Agreement  Jun 16, 2007
    We will not, in the ordinary course of business, review private electronic messages that are not addressed to us. However, we maintain the right to do so and to use any other forms of information available to us by virtue of your use of our website (including, for example, reverse IP address inquiry) in order to comply with the law, to enforce our Visitor Agreement, or to protect the rights, property or safety of visitors to our website, our customers, the public or KTVU Partnership and its... (KFOXTV.com, TX)

    Take-Two Interactive Software, Inc. Reports Second Quarter Fiscal 2007 Financial Results  Jun 12, 2007
    The Company has incurred substantial expenses for professional fees and has accrued for legal settlements that are outside its ordinary course of business and as a result has excluded such expenses from its non-GAAP financial measures. Non-cash charges related to asset write-offs in connection with business restructurings and studio closings. (Yahoo! Wire -- Entertainment News)

    TD Bank Financial Group Delivers Very Strong Second Quarter 2007 Earnings  May 24, 2007
    The Bank and its subsidiaries are involved in various other legal actions in the ordinary course of business, many of which are loan-related. In management's opinion, the ultimate disposition of these actions, individually or in the aggregate, will not have a material adverse effect on the financial condition of the Bank. (Canada Newswire)

    Value Fund Advisors, LLC Acquires Units of Arriscraft International Income Fund  May 18, 2007
    The ordinary Units of Arriscraft were acquired in the ordinary course of business for investment purposes only; however, in light of the fact Arriscraft has announced that it is in negotiations regarding the possible sale of its operating entities, Value Fund has advised Arriscraft today that Boston Avenue and Yorktown Avenue are interested in discussing a going-private or sale transaction in the event Arriscraft determines to proceed. Value Fund, Boston Avenue and Yorktown reserve the right,... (CCNMatthews Press Releases)

    Tecumseh Products Company Reports First Quarter 2007 Results  May 16, 2007
    6 million in fees in excess of those incurred in the ordinary course of business. These costs were associated with the amendments to our First and Second Lien credit agreements, the legal proceedings relating to governance issues, and our efforts to market portions of the business. (PR Newswire)

    SR Telecom Undertakes Strategic Review, Releases Condensed Q4 2006 Results  May 11, 2007
    As such, the realization of assets and the discharge of liabilities and commitments in the ordinary course of business are subject to significant uncertainty ... The Company is involved in various legal proceedings in the ordinary course of business. (CCNMatthews Press Releases)

    Canadian Tire first quarter net earnings rise 35.5% to $64.5 million  May 10, 2007
    0 Tax matters In the ordinary course of business, the Company is subject to ongoing audits by tax authorities. While the Company believes that its tax filing positions are appropriate and supportable, from time to time certain matters are reviewed and challenged by the tax authorities. (Canada Newswire)

    Bulldog Resources Releases First Quarter Report and Fertile Pool Assessment of Resources and Reserves  May 10, 2007
    These contractual obligations were entered into in the ordinary course of business and the terms reflect market conditions. Both an oil and natural gas pipeline have been constructed at Bulldog's Fertile property resulting in pipeline liabilities totaling $4. (CCNMatthews Press Releases)

    The Walt Disney Company Reports Higher Second Quarter Earnings and Strong Segment Operating Income Growth  May 9, 2007
    However, we may not immediately apply cash and cash equivalents to the reduction of debt, nor do we expect that we would use all of our available cash and cash equivalents to repay debt in the ordinary course of business. Free cash flow - The Company uses free cash flow (cash provided by operations less investments in parks, resorts and other property), among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures. (Yahoo! Wire -- Entertainment News)

    Visitor agreement  Apr 29, 2007
    We will not, in the ordinary course of business, review private electronic messages that are not addressed to us. However, we maintain the right to do so and to use any other forms of information available to us by virtue of your use of our website (including, for example, reverse IP address inquiry) in order to comply with the law, to enforce our Visitor Agreement, or to protect the rights, property or safety of visitors to our website, our customers, the public or Cox Enterprises, Inc. and its... (Atlanta Journal-Constitution)

    Centerra Gold Reports First Quarter Earnings of $0.03 Per Share  Apr 29, 2007
    These advances, which are non-interest bearing and payable on demand, will be repaid in the ordinary course of business ... Effective on January 1, 2007, the Company adopted the recommendations of CICA Handbook Section 1530, Comprehensive Income ("Section 1530") and Section 3855, Financial Instruments - Recognition and Measurement ("Section 3855). These sections provide standards for recognition, measurement, disclosure and presentation of financial assets, financial liabilities and... (CCNMatthews Press Releases)

    Resolve Business Outsourcing Income Fund Reports First Quarter 2007 Results  Apr 26, 2007
    There have been no material changes in the contractual obligations presented by the Fund as at December 31, 2006 that are outside the ordinary course of business. FINANCIAL INSTRUMENTS AND OTHER INSTRUMENTS. (CCNMatthews Press Releases)

    Macquarie ProLogis Trust Announces Recommended Cash Offer From ProLogis  Apr 17, 2007
    " The Macquarie representatives on the Board of MPML, Richard Sheppard, Stephen Girdis and Mark Baillie ("Macquarie Representatives") have reviewed the terms of the offer from ProLogis and support the proposed scheme and therefore the recommendation of the Independent Directors. The interests of Macquarie in this transaction are noted below. The Independent Directors join the Macquarie Representatives in expressing their appreciation to ProLogis for the partnership and for the manner in which... (PR Newswire)

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