The California Department of Financial Institutions (DFI) announced that regulators have closed Temecula Valley Bank, citing inadequate capital. As of June 30, 2009, Temecula Valley Bank, located in Temecula, CA, had total assets of approximately $1.4 billion and total deposits of approximately $1.28 billion. The DFI has been closely monitoring the bank because of its [...]

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One of the leading networks of forum communities on the worldwide web, CrowdGather (OTCBB:CRWG), announced that it has closed a private offering of its 18-month Secured Convertible Debentures to a limited number of foreign institutional buyers. The Company will receive cash proceeds of $1,300,000, and approximately $1,075,000 in previously issued short-term promissory obligations were exchanged [...]

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MarkWest Energy Partners, L.P. (NYSE:MWE) and its subsidiary MarkWest Energy Finance Corporation announced today the closing of $150 million of 6.875 percent senior unsecured notes due 2014 at an issue price to yield 12.59 percent to maturity.

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The Goodyear Tire & Rubber Company (NYSE:GT) today announced plans to close its Australian manufacturing facility as part of its strategy to reduce high-cost manufacturing capacity globally.

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