1. Articles from businesswire.com

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    1. Fitch Downgrades J.C. Penney's IDR to 'CCC'

      Fitch Downgrades J.C. Penney's IDR to 'CCC'

      CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded the Issuer Default Ratings (IDRs) on J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. to 'CCC' from 'B-'. A full list of rating actions follows at the end of this press release. KEY RATING DRIVERS Higher than expected cash burn in 2013: The rating downgrades reflect higher than expected cash burn in 2013 and Fitch's concern that the ...

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    2. Paragon Responds to Colossal Losses at SED International

      Paragon Responds to Colossal Losses at SED International

      EASTON, Pa.--(BUSINESS WIRE)--Paragon Technologies, Inc.: October 1, 2013 Dear SED International Shareholders: On September 30, 2013, SED International Holdings (NYSE MKT:SED) announced one of its worst financial performances in its 33 year history. In 12 months, SED lost nearly $16 million. Of even greater concern is the 67% permanent loss – equivalent to $16.8 million or $3.14 per share – of ...

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    3. Shantanu Narayen Elected To Pfizer's Board Of Directors

      Shantanu Narayen Elected To Pfizer's Board Of Directors

      NEW YORK--(BUSINESS WIRE)--Pfizer Inc. today announced the election of Shantanu Narayen to its Board of Directors, effective September 27, 2013. Mr. Narayen also was appointed to the Corporate Governance and Science and Technology Committees of Pfizer’s Board. Mr. Narayen, 50, is the President and Chief Executive Officer (CEO) of Adobe Systems Incorporated and serves on Adobe’s Board of ...

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    4. GMI Ratings and FTSE Encouraged by Initial Signs Linking Enhanced Forensic Accounting Measures to Index Performance

      NEW YORK & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--GMI Ratings, the leading provider of research on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies, today announced that executives from GMI and from leading index provider, FTSE, will be speaking today at GMI’s Conference: The Future of Corporate Reform. GMI’s President and CEO ...

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    5. Fitch Rates Nabors Industries Inc.'s New Senior Unsecured Issuance 'BBB'

      CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB' rating to Nabors Industries Inc.'s new issuance of $350 million of 2.35% senior unsecured notes due 2016 and $350 million of 5.10% senior unsecured notes due 2023. The rating Outlook remains Negative. KEY RATING DRIVERS The ratings reflect Nabors's leverage, free cash flow (FCF) and capex profile, and position as a major onshore rig ...

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    6. Engaged Capital Sends Additional Letter to AeroVironment’s Board of Directors

      Engaged Capital Sends Additional Letter to AeroVironment’s Board of Directors

      Engaged Capital, LLC (“Engaged Capital”), an investment firm specializing in small and mid-cap North American equities and beneficial owner of approximately 5.1 percent of the common stock of AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ:AVAV), today sent a letter to the Company’s Board of Directors (the “Board”), included below and also filed today with an amendment to its Schedule 13-D...

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    7. MSCI Equity Indices August 2013 Index Review

      MSCI Equity Indices August 2013 Index Review

      GENEVA--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today the results of the August 2013 Quarterly Index Review for the MSCI Equity Indices – including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indices ...

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      Mentions: Investment
    8. IXP Announces New Executive Leadership Team

      IXP Announces New Executive Leadership Team

      PRINCETON, N.J.--(BUSINESS WIRE)--IXP Corporation, a prominent national provider of public safety and security solutions, announced its new executive leadership team: William E. Metro as chairman and chief executive officer; Lawrence D. Consalvos as president and chief operating officer; and Amy Onder as senior vice president and general counsel. Mr. Metro and Mr. Consalvos were original ...

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    9. Both Leading Proxy Advisors, ISS and Glass Lewis, Recommend a Vote on the BLUE Proxy Card to Elect Coppersmith’s ...

      Both Leading Proxy Advisors, ISS and Glass Lewis, Recommend a Vote on the BLUE Proxy Card to Elect Coppersmith’s ...

      NEW YORK--(BUSINESS WIRE)--Coppersmith Capital Management, LLC (“Coppersmith”) today announced that both Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“GL”), the two leading independent proxy voting and corporate governance advisory firms, recommend that the stockholders of Alere, Inc. (NYSE: ALR) (“Alere”) vote on Coppersmith’s BLUE proxy card for the election of ...

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    10. Unwired Planet Appoints Phil Vachon as Chairman of the Board

      RENO, Nev.--(BUSINESS WIRE)--Unwired Planet, (Nasdaq: UPIP), today announced that Philip A. Vachon was appointed chairman of the company’s board of directors and chairman of the company’s Intellectual Property Committee. Mr. Vachon replaces Peter Feld, who will continue to serve on the board of directors. “We would like to thank Peter for his tremendous work and dedication to Unwired Planet over ...

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    11. NYSE Euronext Joins The UN Sustainable Stock Exchange Initiative

      NYSE Euronext Joins The UN Sustainable Stock Exchange Initiative

      NEW YORK--(BUSINESS WIRE)--NYSE Euronext today announced that it has joined the United Nations’ Sustainable Stock Exchanges (SSE) initiative, which aims to explore how exchanges can work together with investors, regulators, and companies to enhance corporate transparency on Environmental, Social and Corporate Governance (ESG) issues and encourage responsible long-term approaches to investment ...

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    12. Porter Bancorp, Inc. Announces Retirement of Maria L. Bouvette as Chairman and CEO

      LOUISVILLE, Ky.--(BUSINESS WIRE)--Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced today that Maria L. Bouvette will retire as Porter Bancorp’s Chairman of the Board and CEO, and as Chairman of the Board of PBI Bank on July 31, 2013. Effective with Ms. Bouvette’s retirement, W. Glenn Hogan is expected to be elected Chairman of the Board of Porter Bancorp, and John T ...

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    13. John R. Kemp III to Retire from Kosmos Energy’s Board of Directors

      John R. Kemp III to Retire from Kosmos Energy’s Board of Directors

      DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today that John R. Kemp III intends to retire as Kosmos Energy’s Chairman. Kemp will continue to serve in his current capacity until a successor is named. Kosmos’ Board of Directors has initiated a search process to identify a new Chairman. Kemp joined the Company’s Board as an independent director in 2005. Subsequently ...

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    14. Coppersmith Capital Responds to Alere Inc. Preliminary Proxy

      Coppersmith Capital Management, LLC, the fifth-largest stockholder of Alere, Inc. (NYSE: ALR) (“Alere”) along with the members of its Section 13(d) group, owning approximately 5.8% of the shares outstanding, today sent a letter to Alere in response to the recent filing of Alere’s preliminary proxy statement and the disclosure that Alere has nominated four new directors for election to its Board of Directors

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