Archive for May 27th, 2008

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Prospect Capital Corporation (NASDAQ: PSEC) has announced it will raise funds in a public offering of 3 million shares of common stock, and Prospect will grant the underwriters a 30-day option to buy up to an additional 450,000 shares of its common stock to cover over-allotments from underwriters.

The private equity and mezzanine finance company said that it anticipates to use the net proceeds from this secondary offering to repay outstanding debt, to fund investments in portfolio companies, and for general corporate purposes.

Citi and Wachovia are the lead underwriters, and Oppenheimer, and RBC Capital Markets are listed the co-managers of this offering.

Continue reading at 247WallSt.com to hear about the implications and how this compares to the overall size of the company.

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Get a grip on your debt, before debt grips you - Financial Post

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Does coolhunting have to be done by a handful of trendsetters and influencers, or can it be crowdsourced? p0pulist is one site that’s betting on the wisdom of crowds to turn up the next huge thing. Sign up for an account, tell p0pulist what you like, and check out what others are saying to build your own personal coolhunting directory.

What interests us about p0pulist is the different directions it could take. The site has been covered by the bleeding-edge trend-watching site JoshSpear.com, focusing on its potential to call attention to exciting new products; it’s also been covered by web 2.0 news site Profy.com, who pointed to the potential for a FriendFeed-like conversation to take place on p0pulist.

We also care about it for the pretty interface, the Facebook integration, and the mobile posting feature. p0pulist is on the right track by eliminating as many barriers to entry as possible, and designing a site that would be really simple to start using habitually. Whether you’re a trend junkie or a devourer of all things social on the internet, p0pulist looks like a good place to jump in early.

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A bitter defeat - Baltimore Sun
FOXBOROUGH, Mass. - Sometimes disappointment is best expressed with something other than words. Sometimes faces do a far better job of telling the story. To look at the faces of the Johns Hopkins lacrosse team yesterday was to comprehend just how

Official: Suu Kyi’s detention extended - FOX News
A government official stated that Suu Kyi’s detention was officially extended Tuesday afternoon. The official spoke on condition of anonymity because he’s not authorized to speak to the media. It wasn’t immediately clear if the extension was for six

Officials in China Rush to Evacuate 80,000 - ABC News
In this pic released by China’s Xinhua news bureau, excavators work at Tangjiashan lake in In this photo released by China’s Xinhua news agency, excavators work at Tangjiashan lake in Beichuan County, southwest China’s Sichuan Province, Monday

Polish monetary policymakers voted unanimously for rate rise in March - Forbes
WARSAW (Thomson Financial) - All 10 members of the Polish central bank’s Monetary Policy Council voted to raise interest rates by a quarter percentage point at the meeting in March, PAP newswire reported on Tuesday, citing voting records in a

BASF signs research contract with Taiwanese institute on rice, corn - Forbes
LIMBURGERHOF, Germany (Thomson Financial) - BASF SE. said it has entered into a research cooperation with Taiwan’s Academia Sinica to jointly discover genes that increase yield and improve stress tolerance in major crops such as rice and corn. As

Tax breaks, redesigns try to lure NYC businesses - Kansas City Star
Dangling millions of dollars - sometimes billions - in incentives to big companies to become part of the latest megaproject is often the cost of doing business in the city’s development market. But the lure of huge business reached a new level when a

Precious Metals Summary - London AM Fixings - CNBC
LONDON (Thomson Financial) - Gold 923.75 USD 1.9774 923.80 USD overnight Gold 467.15 STG 466.24 STG overnight Silver 18.14 USD 18.10 USD overnight Silver 917.37 pence 913.49 pence overnight Platinum 2175.00 USD 2174.00 USD overnight Platinum 1099.93

Dallas investor Rowling to buy chunk of Guaranty - Houston Chronicle
The parent company of Guaranty Bank, which has 10 locations in the Houston area, is set to receive a $38.4 million cash infusion in the form of a stock buy by investor Robert Rowling. Rowling, through TRT Financial Holdings, and Austin-based

Futures dip as oil caution offsets deal news - CNBC
NEW YORK (Reuters) - Standard & Poor’s 500 stock index futures dipped on Tuesday after Wall Street’s worst week in three months as concerns about a further rise in oil prices overshadowed optimism about a potential bid in the beverage sector

Bosnia says to sign first EU pact on June 16 - International Herald Tribune
SARAJEVO : Bosnia will sign its first pact on closer ties with the European Union on June 16, Prime Minister Nikola Spiric said on Tuesday on his return from Brussels. The signing of the Stabilisation and Association Agreement, the first step towards

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