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Business News Archive - December 05, 2007

The following is a selection of quotes from editor

Oak Creek Energy Systems has received approval from its shareholders to allow Marubeni Corporation of Japan to acquire a controlling interest in the company. The transaction will occur through a $16.6 million equity investment in Oak Creek Holdings, a newly formed parent holding company.

Glen Janken, who has headed an estate and financial planning firm since 1985, today announced the expansion of his Beverly Hills-based organization to initiate Janken Retirement Planning. "Persons looking ahead to retirement, at any age, have special concerns," said Janken.

Word of the Day
postliminy
  • In Roman antiquity, the return of a person who had been banished, or taken prisoner by an enemy, to his old condition and former privileges.
  • In international law, that right by virtue of which persons and things taken by an enemy in war are restored to their former status when coming again under the power of the nation to which they belonged.
The word 'postliminy' comes from a Latin word meaning 'threshold'.