Wireless Federation

Verizon Communications Inc. (VZ) on Friday said it launched its high-speed wireless network in the Grand Traverse Bay area in time for the National Cherry Festival (July 7-14) and the 99th Annual National Governors Association Meeting (July 20-23).

Verizon Wireless customers in the area can now access the company’s high-speed wireless network and enjoy two prime services: BroadbandAccess, the company’s enhanced high-speed wireless service, with average user speeds of 600 kilobits per second (kbps) to 1.4 megabits, geared toward mobile professionals, business customers and vacationers; and V CAST, a consumer-oriented multimedia service that offers music and short content on demand, including cutting-edge 3D games, music videos, news, weather and sports.

Isle Of Capri Casinos Says It Opens New Casino In United Kingdom - Quick Facts [ISLE]

Isle of Capri Casinos, Inc. (ISLE) on Friday revealed the opening of its latest casino, “the isle casino at Coventry,” in the United Kingdom. Isle of Capri Casinos, Inc., through its subsidiaries, engages in the development, ownership, and operation of branded gaming facilities, and related lodging and entertainment facilities in the United States and internationally.

Commenting on the casino opening, Bernard Goldstein, chairman and chief executive officer, Isle of Capri Casinos, said, “Guests at Ricoh Arena can enjoy the hottest casino action with the latest and greatest slot machines, action-packed table games and fabulous restaurants.”

Chrysler Group June U.S Sales Down 1.4% - Quick Facts [DCX]

The Chrysler Group (DCX) announced that its U.S sales for the June 2007 declined 1.4% to 183,347 units. For the second quarter, sales rose 1.5% to 575,844 units from 567,302 units in the same quarter of last year.

From April to June, the Chrysler Group sold 159,993 vehicles outside of the U.S., an increase of 10.2% compared to the same period of 2006.

The Chrysler Group’s worldwide vehicle sales increased by 3.3% during the second quarter of 2007 to a total of 735,837 units, compared to 712,521 units in the second quarter of 2006.

For the second quarter of 2007, DaimlerChrysler Canada said its sales inceased 10.7 t to 70,148 units from 63,380 units in the same quarter of last year. For the month of June, sales rose 24 percent to 22,029 units.

China One Closes C$0.8 Mln Initial Public Offering - Quick Facts [CHO.P.V]

China One Corp. (CHO.P.V) reported it closed its initial public offering of 8 million common shares for C$0.10 per share. The gross proceeds from the offer is C$0.80 million, which will be used to identify and evaluate assets of businesses for acquisition to complete a Qualifying Transaction’ under the Capital Pool Company program of the Exchange. On closing of the Offering, the directors and officers of the company have been granted stock options to purchase an aggregate of 1.13 million common shares for C$0.10 per share, exercisable until July 6, 2012, added the company.

Common shares of China One have been conditionally approved for listing on the TSX Venture Exchange next week under the symbol ‘CHO.P’.

Boulder Growth & Income Fund Says A Class Action Lawsuit Has Been Withdrawn And Dismissed - Quick Facts [BIF]

On Friday, Boulder Growth & Income Fund Inc. (BIF) announced that the purported class action lawsuit filed on May 18, 2007 in the United States District Court for the District of Colorado against the Fund and its directors, investment advisers and portfolio manager has been dismissed with prejudice.

The plaintiff in the lawsuit withdrew the complaint and promised not to pursue further claims against the Fund, its directors, investment advisers, and/or portfolio manager.

Boulder Growth & Income also said there were no settlement payments involved in the withdrawal of the lawsuit and the parties will assume their respective legal fees subject to any applicable insurance reimbursement to the Fund and the other defendants.

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