The Federal Trade Commission had bad news last month for couch potatoes everywhere: Electronic abdominal exercise belts, the agency warned, will not transform abs of jelly into abs of steel. The FTC filed complaints in federal district court against the marketers of three widely advertised ab belts, which...
PRINCETON, N.J.--BW HealthWire--June 16, 1998--Derma Sciences Inc. (Nasdaq: DSCI) Tuesday announced that it has settled the litigation between the company and ABS LifeSciences Inc. ABS, a subsidiary of Integra LifeSciences Corp. (Nasdaq: IART) of Plainsboro, N.J.The settlement agreement provides for the payment by the company to ABS of $550,000...
Aug 26, 2002 The Australian Financial Markets Newsletter ABIX via COMTEX -- Medfin Australia has issued asset-backed securities ABS via the National Australia Bank NAB. It is believed that using the Medical Finance Series 2002-1 Trust, the medical equipment leasing and rental group...
REDMOND, Wash.--BUSINESS WIRE--Oct. 12, 1998--Alcide Corporation (Nasdaq:ALCD) today announced that it will not renew its Distributor Agreements with ABS Global, Inc. The Company has notified ABS Global, Inc., its distributor for udder care products in the United States and certain international markets, that the agreements between the Company and...
NEW YORK -- Fitch Ratings will host a conference call on Monday, Dec. 13 at 2:00 p.m. EST to discuss the outlook for the U.S. term asset-backed securities ABS market. Managing and senior directors from Fitch's ABS group will review key credit concerns that affected the market in 2004 and...
NEW YORK -- Fitch has affirmed four classes and downgraded two classes of notes issued by ACA ABS 2003-1, Limited (ACA ABS 2003-1). The following rating actions are effective immediately:
NEW YORK -- Fitch has affirmed four classes and downgraded five classes of notes issued by ACA ABS 2003-2, Limited (ACA ABS 2003-2). The following rating actions are effective immediately:
Credit card asset-backed securities ABS were first issued in 1987. Since that time, the credit card ABS market has become the primary vehicle by which the card industry funds unsecured loans to consumers. Given the significance of credit card ABS, the Payment Cards Center encourages research in this area and...
The OTS issued an interpretive letter ("P-2004-5") holding that thrifts may establish an operating subsidiary to own, sell and underwrite asset-backed securities ("ABS"). The thrift had conducted such ABS underwriting activities through a holding company subsidiary, but to save on discounts and commissions, now wished to perform the activities through...
Dow Engineering Plastics, Midland, Mich., halted sales of ABS and SAN in the Americas to non-automotive markets on Feb. 1. All ABS will be made at the Midland mass-process plant. Dow will convert two other ABS plants in ... Dow Engineering Plastics, Midland, Mich., halted sales...
DEFOREST, Wis.--BUSINESS WIRE--Dec. 21, 1998--ABS Global, Inc. announced today it has filed suit against its former uddercare products supplier Alcide Corporation ALCD for contract interference, false statements and breach of contract. The suit filed in federal court in Madison, Wisconsin relates to press releases and false information passed along...
Knight Ridder/Tribune Business News Aug. 18--AKRON, Ohio--Two remaining directors of ABS Industries Inc. of Willoughby, Ohio are suing Ernst & Young, National City Bank and its own former controller, alleging they caused the business to collapse two years ago. ABS said the defendants' actions forced...
NEW YORK -- Fitch Ratings affirms five classes of notes issued by ACA ABS 2004-1 Ltd, (ACA ABS 2004-1). These affirmations are the result of Fitch's review process and are effective immediately:
NEW YORK -- Fitch affirms six classes of notes issued by ACA ABS 2003-1, Limited (ACA ABS 2003-1). These affirmations are the result of Fitch's review process and are effective immediately:
CHICAGO -- Fitch affirms the following classes of notes issued by E*TRADE ABS CDO IV, Ltd. and E*TRADE ABS CDO IV, LLC (E*TRADE IV). These affirmations are the result of Fitch's review process and are effective immediately:
HUNTSVILLE, Ala. -- ABS, a leading ship classification society, is standardizing on the IntelliShipTM multi-discipline ship design software, the Process, Power & Marine division of Intergraph Corporation (NASDAQ:INGR) announced today. The multi-year, renewable contract includes 40 licenses of IntelliShip (ppm.intergraph.com/marine) for use in ABS engineering offices worldwide. IntelliShip will integrate...
Dow Plastics has completed a new line for the production of ABS at its plant in Terneuzen, The Netherlands. The expansion will increase Dow's global production capacity for its ABS resins--marketed under the Magnum brand name--by approximately 75 kt Dow Plastics has completed a new...
Asset-backed securities, called ABS, are bonds or notes backed by financial assets. Typically these assets consist of receivables other than mortgage loans, such credit card receivables, auto loans, manufactured-housing contracts and home-equity loans. ABS differ from most other kinds of bonds in that their creditworthiness which is at the triple-A...
BASF Plastics is raising its prices for Terluran ABS, Luran SAN and Luran SASA resins by 8c. per pound, and Ronfalin and Stapron specialty ABS and ... BASF Plastics is raising its prices for Terluran ABS, Luran SAN and Luran SASA resins by 8c....
DEFOREST, Wis.--BUSINESS WIRE--Dec. 21, 1998--ABS Global, Inc., has filed substantial counterclaims against its former uddercare products supplier Alcide Corporation ALCD for contract interference, false statements and breach of contract. The suit is currently pending in the federal court in Madison, Wisconsin and relates to false statements contained in press...
