By Shannon Fitzgerald

NewAlliance Bancshares Inc. continues to emphasize that it cannot grow to the much larger size it envisions through de novo expansion alone but always look at acquisitions,President and CEO Peyton Patterson said Nov. 29 at the FBR 12th Annual Investor Conference in New York.

Acquisition is an ongoing process and when combined with dividend payouts and stock repurchases, are all intertwined as part of the New Haven, Conn.-based thrift’s capital management.Its all about the IRR when determining which combination of prongs to pursue at any given time.

Patterson said NewAlliance’s acquisition criteria are very disciplined, focusing on IRR, double-digit growth and earnings accretion within the first year. She also said that when expanding to out-of-state markets that New York would be but also pointed out that
(more…)

By Leo Zhang
HSBC the Europe’s biggest bank, will form a venture with Ping An Insurance (Group) Co as part of its partnership strategy to tap new business on China’s mainland.

The bank may submit an application for the venture to financial regulators before the end of the first quarter next year, as reported , citing Michael Smith, chief executive of Hongkong and Shanghai Banking Corp.

China’s insurance market has been expanding by more than 25 percent annually in the past decade as booming economic growth bolstered personal incomes and the government encouraged citizens to turn to commercial insurance for protection and investment
(more…)

To reflect its broader mission, Royal Media Groupa has created new online service BankNet 360. BankNet 360 is an online news portal for the banking industry. Backed by a team of experienced analysts, BankNet 360 provides daily news feeds on more than two dozen aspects of banking, more than 200 email news alerts and RSS feeds, and monitors developments at hundreds of banking companies. BankNet 360 can be found at www.BankNet360.com
(more…)

By Redherring

Latest Events About Hi tech business

SUNDAY, NOVEMBER 27

RSNA SCIENTIFIC ASSEMBLY AND ANNUAL MEETING
The Radiological Society of North America (RSNA) will hold its 91st annual gathering at McCormick Place in Chicago. The scientific assembly and annual meeting, which will host more than 60,000 attendees, takes place through Friday, December 2.

TUESDAY, NOVEMBER 29

VENTURE CAPITAL IN INDIA

Harvard Business School alumni discuss venture capital investments in India. Go to see Hotmail co-founder Sabeer Bhatia; Sumir Chadha, co-founder of WestBridge, an Indian VC firm (see WestBridge Raises $200M); and Ashish Gupta, an investor at the Woodside Fund. The meeting will be from 6 pm to 9 pm at Michael?s at Shoreline, Mountain View, California.
(more…)

From Ameinfo

Regional media technology provider, MultiSell Technology Middle East FZCO and niche digital motion specialists Xische Digital announced the formation of a new entity ‘MX2′ on Monday November 7th, 2005 at a hi-tech ceremony held at the Dubai Airport Free Zone.

The Joint Venture aims at bringing the two companies’ core technologies together to provide tangible added value to clients by offering bespoke design and technology solutions. M

The visual display company, MultiSell Technology Middle East, is operating out of its headquarters at Dubai Airport Free Zone where it is marketing its advanced gesture based solutions (MultiSell iPoint), high resolution projection screens (MultiScreen), interactive floors (MultiFX) and the world’s largest flying TV (MultiSphere) to more than 18 regional countries.

Xische Digital, this year’s Official Animation Partner for the Dubai International Film Festival is headquartered at the Dubai Media City with offices in New York. The eccentric digital specialists have had a consistent track record of conceptualizing and animating advanced digital experiences for key clients such as Dubai International Film Festival, Emirates, Dubai Tourism, Burj Al Arab, Marlboro, Giorgio Armani and Red Bull.

By Mike Maharry The Idaho Statesman

Micron Technology Inc. and Intel Corp. will invest $5.2 billion in a new joint-venture company to produce memory devices used in digital cameras, cell phones, cam corders and MP3 players.

The deal, announced Monday, will give Micron the cash it needs to ramp up production of NAND flash memory, which industry analysts call the hottest product in electronics.

The news of the joint venture caused a flurry of trading in the two stocks Monday on Wall Street, but Micron and Intel shares were relatively unchanged when the markets closed. Micron ended the day at $14. 20, up 2 cents for the day on heavy trading, while Intel closed down 5 cents at $25.25.

Read more here