"We have to make an evaluation tomorrow," Guttenberg toldARD on Thursday He stressed GM will make the final decision. In case none of the bidders have a winning concept, unionshave prepared an emergency rescue plan, German dailyFrankfurter Allgemeine Zeitung said. [ID:nLL201281] Opel's works council has invited the bidders to presentproposals at a meeting at Opel's headquarters in Ruesselsheim,Germany, on Tuesday. Also in the coming days, Fiat officials will meet union andItalian government representatives to discuss the carmaker'splans, said Italy's industry minister, Claudio Scajola. Fiat has chosen banks Intesa Sanpaolo SpA [ISPMI.UL],Goldman Sachs Group Inc (GS.N) and UniCredit SpA (CRDI.MI) asglobal coordinators on the merger, as well as the spinoff andlisting of its new auto group, the company said in astatement. (Additional reporting by Stephen Jewkes and Ian Simpson inMilan, Stefano Bernabei in Rome, Peter Starck in Frankfurt,Klaus-Peter Senger in Berlin, Dmitry Zhdannikov in Moscow;Editing by Matthew Lewis and Andre Grenon) Stocks Mergers & Acquisitions Russia Italy. LANGHORNE, Pa., May 21, 2009 (GLOBE NEWSWIRE) -- Power Medical Interventions(r),Inc.
(Nasdaq:PMII), a leader in developing and commercializing IntelligentSurgical Instruments(tm), today announced that it has received notification fromthe NASDAQ Listing Qualifications Panel stating that the Panel has determined todelist the shares of Power Medical Interventions from the NASDAQ Capital Market,effective with the open of business on Friday, May 22, 2009.The determination follows the company's announcement on March 24, 2009, that thePanel had granted the company's request for conditional listing, through May 20,2009, to satisfy the $2.5 million stockholders' equity requirement for continuedlisting on the NASDAQ Capital Market. The delisting is the result of thecompany's non-compliance with the minimum stockholders' equity requirement as ofMay 20, 2009, which date represents the full extent of the Panel's discretion inthis matter.The company anticipates that its securities will be eligible for trading on theOver-the-Counter Bulletin Board (the "OTCBB"), an electronic quotation servicemaintained by the Financial Industry Regulatory Authority ("FINRA"), effectivewith the open of business on Friday, May 22, 2009 The company's trading symbolwill remain PMII. However, it is the company's understanding that, for certainquote publication websites, investors may be required to key PMII.OB to obtainquotes.About the OTCBBThe OTCBB is a regulated quotation service that displays real-time quotes,last-sale prices, and volume information in over the counter equity securities.An over the counter equity security generally is any equity that is not listedor traded on a national securities exchange. OTCBB securities include national,regional, and foreign equity issues, warrants, units, ADRs, and DirectParticipation Programs.
More information is available at http:// Power Medical Interventions, Inc.:Power Medical Interventions(r), Inc. is the world's only provider ofcomputer-assisted, power-actuated surgical stapling products. PMI's IntelligentSurgical Instruments(tm) enable less invasive surgical techniques to benefitsurgeons, patients, hospitals and healthcare networks. PMI manufactures durablerecyclable technology to reduce medical waste and help keep the planet clean.The company was founded in 1999, and is headquartered in Langhorne, PA withadditional offices in Germany, France, and Japan To learn more about PowerMedical Interventions, Inc. and its products, please visit http:// Harbor StatementStatements included in this press release, which are not historical in nature,are forward-looking statements made pursuant to the safe harbor provisions ofthe Private Securities Litigation Reform Act of 1995.
Food and Drug Administration and other regulatoryagencies; loss of key personnel; lack of third party coverage and reimbursementfor the Company's products; risk of loss of the Company's key manufacturingfacility, and other risks detailed in the Company's Securities and ExchangeCommission filings, including the Company's Report on Form 10-Q for thequarterly period ended March 31, 2009 and Annual Report on Form 10-K for theyear ended December 31, 2008.Such statements are based upon the current beliefs and expectations of theCompany's management and are subject to significant risks and uncertainties.Actual results may differ from those set forth in the forward-lookingstatements. When used in this press release the terms "anticipate," "believe,""estimate," "expect," "may," "objective," "plan," "possible," "potential,""project," "will" and similar expressions identify forward-looking statements.The forward-looking statements contained in this press release are made as ofthe date hereof, and the Company does not undertake any obligation to update anyforward-looking statements, whether as a result of future events, newinformation or otherwise.-0-CONTACT:Power Medical Interventions, Inc.Brian M. Posner, Chief Financial Officer267-775-8100Vida CommunicationMediaTim InvestorsStephanie . LIMA, May 21 (Reuters) - Yamana Gold's (YRI.TO)newArgentine mine Gualcamayo will start commercial operations inthe second half of 2009 and then ramp up production to 200,000ounces a year, the exploration chief for the company said onThursday. Stocks "Now, in the middle of this year or in July we'll beproducing commercially, and in the coming year at full(capacity)," Walter Soechting said at a mining conference inLima. He said that Gualcamayo, which required some $250 millionin investments by its Canadian parent, has reserves of 3million ounces of gold and another 1 million ounces ofresources The mine has already been working in test runs "We will be producing about 200,000 ounces a year.
We thinkit will last easily for 15 years of production," he said (Editing by Jim Marshall) Stocks. (Adds Morgan Stanley, Neuberger Berman, Huron Consulting) Stocks | Bonds | Russia | Japan May 21 (Reuters) - The following financial servicesindustry appointments were announced on Thursday. To inform us of other job changes, send an e-mail . MORGAN STANLEY (MS.N) Stu Hendel is stepping down as the global head of MorganStanley's prime brokerage unit, according to an internal memoobtained by Reuters. Hendel will be replaced by Alex Ehrlich,who was previously with UBS (UBSN.VX).