Business - Nation/World

The American Land Title Association contended that hasty efforts in New York to create a government-run title insurer and displace the private sector in the real estate closing process would not produce the results asserted by proponents. Land title agents in New York go through labor-intensive steps to ensure homebuyers have “good title” before a land title insurance policy is written. The cost of these preventative steps are left unaccounted for in the proposal, potentially leaving New Yorkers “holding the bag” when the assumed revenue is not realized.

Kumon opens its largest and first after-school program in the West Village on Saturday, November 7, 2009 from noon to 4 p.m. at 80 Carmine Street (7^th Avenue and Carmine Street). Local resident and center director, Dominique Iaquinto, invites families to participate in story time, math games and the ribbon cutting ceremony.

An analysis demonstrating the ability of DX-88 (ecallantide) to resolve symptoms of acute hereditary angioedema (HAE) attacks in all anatomic locations and to sustain effect will be presented in an oral presentation this week at the American College of Allergy, Asthma and Immunology (ACAAI) 2009 Annual Meeting in Miami Beach. This evaluation, and two others to be presented, highlight efficacy and safety analyses from the integrated analysis of the two Phase 3 placebo-controlled trials, EDEMA3^® and EDEMA4^®, of DX-88, the lead product candidate of Dyax Corp. (NASDAQ:DYAX), for the treatment of acute attacks of HAE.

Research and Markets (http://www.researchandmarkets.com/research/caf080/construction_secto) has announced the addition of the "Construction sector in Russia 2009 - Development forecasts for 2009-2012" report to their offering.

CMG Holdings, Inc., (CMG) (OTC BB: CMGO), a full service global marketing communications company, is pleased to announce that its wholly owned subsidiary, XA, The Experiential Agency, Inc. (XA) produced the launch of The Michael Kors Midwest Flagship Collection Store at The 900 Shops.

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced it will hold an Analyst and Investor Day in New York on Wednesday, Nov. 11, 2009. Presentations will begin at 9:00 a.m. Eastern Standard Time and 15:00 Central European Time. The meeting will feature presentations by senior Logitech executives covering key company initiatives and a discussion of future priorities. A live webcast and replay of the meeting will be available on the Logitech corporate Web site at http://ir.logitech.com.

East West Bancorp (Nasdaq: EWBC) today announced the acquisition of the operations of United Commercial Bank in an FDIC assisted transaction. East West will host a call to discuss the transaction on Monday, November 9, 2009 at 11:00 A.M. PT/ 2:00 P.M. ET. The public and investment community are invited to listen as management discusses the details of the transaction.

East West Bancorp, Inc. (Nasdaq: EWBC), parent company of East West Bank, announced today that it has acquired the banking operations of San Francisco, California based United Commercial Bank (UCB) in a Federal Deposit Insurance Corporation (FDIC) assisted transaction. Under the terms of the transaction, East West will receive $10.4 billion in assets, including $7.7 billion in loans, and assume $9.2 billion in liabilities, including $6.5 billion in deposits of UCB. The FDIC and East West have entered into a loss sharing agreement covering substantially all acquired loans.

The California Department of Financial Institutions (DFI) announced today that regulators have closed United Commercial Bank citing inadequate capital and other material weaknesses.

Research and Markets (http://www.researchandmarkets.com/research/c02179/the_2010_report_on) has announced the addition of the "The 2010 Report on Anti-Obesity Drugs: World Market Segmentation by City" report to their offering.

Halozyme Therapeutics, Inc. (Nasdaq:HALO) today announced insulin variability study results that demonstrated reduced intrasubject absorption variability for the combination of lispro, a meal time analog insulin, plus PH20 (hyaluronidase) compared to subcutaneous injection of lispro alone. When compared to lispro alone, the combination of lispro with PH20 reduced the variability for early and late insulin absorption, the time to maximum concentration (Tmax), and the area under the curve (AUC) at 15, 30, 60 and 120 minutes. The variability for maximum concentration (Cmax) was not affected. In addition, study results confirmed previously reported acceleration for both insulin absorption and action by coadministration of PH20. The company presented these study results this evening at the Diabetes Technology Society meeting in San Francisco.

Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of software and services to the process industries, today announced that it will release selected preliminary results for the first quarter of fiscal 2010, along with its financial results for fiscal 2009, on Monday, November 9, 2009. The company also expects to file its Annual Report on Form 10-K for fiscal 2009, in addition to its Quarterly Reports on Form 10-Q for the first, second and third quarters of fiscal 2009, with the Securities and Exchange Commission (SEC) that morning before the market opens on November 9, 2009.

GlaxoSmithKline (NYSE: GSK) and XenoPort, Inc. (Nasdaq: XNPT) today announced that the U.S. Food and Drug Administration (FDA) has extended the original Prescription Drug User Fee Act (PDUFA) goal date for its review of the New Drug Application (NDA) for GSK1838262/XP13512 (gabapentin enacarbil) to February 9, 2010. The original PDUFA date for this NDA review was November 9, 2009.

Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class consisting of all persons or entities who purchased the securities of STEC, Inc. (“STEC” or the “Company”) (NASDAQ:STEC) between August 3, 2009 and November 3, 2009, inclusive (the “Class Period”).

The Conscious Collection (CC), the exclusive spiritual clothing and home furnishings line developed and inspired by visionary designer Trey Isenhower, has named Goodsell Group as their consultant for business development, marketing and public relations.