As a pioneer in this industry, K&S hasprovided customers with market leading packaging solutions for decades. Inrecent years K&S has expanded its product offerings through strategicacquisitions, adding die and wedge bonders and a broader range of expendabletools to its core ball bonding products. Combined with its extensive expertisein process technology, K&S is well positioned to help customers meet thechallenges of assembling the next-generation semiconductor devices.() Kulicke & Soffa Industries Inc.Tom JohnsonDirector - Investor Relations & Corporate CommunicationsP: (215) 784-6411F: (215) orFDGeoff Grande, CFAP: (617) 747-1721F: (617) Copyright Business Wire 2009. May 6 (Reuters) - Banks undergoing U.S. government stresstests will need a total of $75 billion in capital, with Bank ofAmerica (BAC.N) and Wells Fargo (WFC.N) having the largestneed, analyst Keith Horowitz of Citigroup said. Stocks | Global Markets | Funds News | ETFs News The analyst expects 10 of 16 banks he covers, includingKeyCorp (KEY.N), Regions Financial Corp (RF.N) and U.S.
Bancorp(USB.N), to raise capital after the stress tests.[ID:nWNAB4147] While Bank of America is likely to need a substantialincrease in common stock, the brokerage said it believes thebank can cover it via conversion of preferred stock. "The (Bank of America) stock looks the cheapest in thegroup," the analyst said. He said he expects Bank of New York Mellon (BK.N), GoldmanSachs (GS.N) and State Street Corp (STT.N) to fare best on thestress tests, and believes valuations for these stocks remainattractive. Citigroup also downgraded Fifth Third (FITB.O) to "hold"from "buy" and said the bank may need to raise upwards of $2billion in capital, which is higher than the private preferredbalance of $1.1 billion. BB&T (BBT.N) may need capital but can address the need bycutting its dividend, Horowitz said The top 19 U.S. financial institutions have beennegotiating with regulators on how much of an additionalcapital buffer the banks will need to sustain losses that mightoccur if economic conditions deteriorate further.
Results of the stress test, which will determine theability of the 19 lenders to weather a deep recession, are dueout on Thursday. For a wrapup on the stress tests, double-click on[ID:nL6943131] For a graphic, click on: here (Reporting by Sweta Singh in Bangalore; Editing by MikeMiller) Stocks Global Markets Funds News ETFs News. MOSCOW (Reuters) - The commander of Russia's airborne forces has been fired, Interfax news agency cited an unidentified source in Russia's Defense Ministry as saying on Wednesday. RussiaInterfax said Lieutenant-General Valery Yevtukhovich had been fired because he had reached the maximum age ceiling of 55 for his rank.Spokesmen for airborne troops and Defense Ministry declined to comment on the report.
SAO PAULO, May 6 /PRNewswire-FirstCall/ -- BRASKEM S.A. The new agreement has a duration of fiveyears, renewable for another five and represents an important step forward interms of reducing raw material price volatility.Full earnings release is available on the Company's IR website: will host conference calls to discuss 1Q09 results TOMORROW, May7, 2009, at 10:30 a.m EDT in English and 9:00 a.m EDT in Portuguese. WASHINGTON, May 6 /PRNewswire-USNewswire/ -- The U.S. Consumer Product SafetyCommission, in cooperation with the firm named below, today announced avoluntary recall of the following consumer product. through wholesale catalog sales and wholesale throughindustrial distributors, private label (Erico) and direct to OEM's mostly inNorth America from July 2006 through April 2008 for between about $150 and$300.Manufactured in: Solingen, GermanyRemedy:Consumers should immediately stop using the recalled wrenches andcontact Richard Abraham Herder KG to receive a repair or replacement wrench.Recalled wrenches can be sent to:KLANN Tools, Inc. Mountz, Inc.7187 Bryhawke Circle, Suite 700 1080 North 11th StreetNorth Charleston, SC 29418San Jose, CA 95112Consumer Contact: For additional information, please contact KLANN Toolstoll-free at (866) 367-5526 between 9 a.m and 5 p.m. ET Monday throughFriday, e-mail or visit the firm's Web site at at 's Recall Hotline: (866) 367-5526CPSC Recall Hotline: (800) 638-2772CPSC Media Contact: (301) 504-7908SOURCEU.S.
Consumer Product Safety CommissionCPSC Media Contact: +1-301-504-7908. NEW YORK--(Business Wire)--Reportlinker announces that a new market research report is available in itscatalogue. Global Medical Devices Market 2008-2012 http:// has been a phenomenal growth in the Medical Devices market owing to newinnovations in different sectors of this market. Advancement of technology hascatered to the development of new devices for the healthcare sector. Adoption ofthese devices can eliminate the need for certain cumbersome traditional surgicaland diagnostic procedures. With the aid of advanced technologies, innovativedevices have been provided in the medical field. Advanced medical devices thataid diagnosis and surgical procedures have been implemented by the healthcareorganizations worldwide.