Companies news of 2011-10-01 (page 1)

  • Day Traders Enjoy 50% Lower Margins at City Index
  • NHL Network Likely to be Removed From U-verse TV Channel Lineup Tonight
  • GigaMedia Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

    Day Traders Enjoy 50% Lower Margins at City Index

    LONDON, October 1, 2011 /PRNewswire/ --

    Day traders are currently capitalising on 50% lower margins and 20% tighter spreads* across 20 leading equities by using Day Trades [ ] at City Index (

    The award-winning spread betting provider designed Day Trades specifically for traders who hold their positions only during short-term market movements. Margins start from just 2.5% on leading equities such as BP, Tesco and Vodafone and from 3.75% on Anglo American, Antofagasta, Aviva, Rio Tinto, Vedanta Resources and Xstrata.

    What is Day Trading?

    Essentially, day trading means never holding your spread betting positions overnight. In practice, day traders often place numerous spread bets during the day, focusing on narrow spreads and markets with plenty of movement, and generally only keeping positions open for a matter of minutes or hours.

    Apart from avoiding overnight financing rates, a positive side effect of this trading style is the reduced risk in not leaving oneself vulnerable to potential losses that can occur in the hours while the stock market is closed; any news and events set to shape to next day's opening prices will not affect a day trader's capital.

    Find out more about Day Trades at City Index at:

    Spread betting [ ] and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

    * As compared to standard equity spread bets at City Index.

    About City Index:

    Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index [ ] trading platform.

    As a group, we transact in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading [ ] and, in the UK, financial spread betting [ ].

    We constantly look to improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit to find out more.

    City Index

    CONTACT: Contact: Joshua Raymond, City Index, +44(0)20-7107-7002,

    NHL Network Likely to be Removed From U-verse TV Channel Lineup Tonight

    DALLAS, Sept. 30, 2011 /PRNewswire/ -- AT&T* issued the following statement to update its customers that NHL Network could be removed from the AT&T U-verse(R) TV lineup tonight:

    We have tried to reach a fair, long-term deal with NHL Network in order to continue delivering this channel to U-verse TV U450 and Sports Tier customers. Unfortunately, it appears that as of midnight EST, Oct. 1, NHL Network will no longer be available on U-verse TV because we will no longer have an acceptable agreement to carry the channel. We are always open to considering a fair and detailed proposal from NHL Network.

    U-verse TV customers can continue to watch their home team and other teams play on NBC, Versus or on their area's local regional sports network. These networks are delivering over 100 games this season, which is more televised live NHL hockey games than ever before.

    U-verse TV customers can get more information at

    *AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

    About AT&T

    AT&T Inc. is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising.

    Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at This AT&T news release and other announcements are available at and as part of an RSS feed at Or follow our news on Twitter at @ATT.

    Geographic and service restrictions apply to AT&T U-verse services. Call or go to to see if you qualify.

    (C) 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    AT&T Inc.

    CONTACT: Jill Rountree For AT&T Corporate Communications, +1-512-495-7186,

    Web site:

    GigaMedia Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule

    TAIPEI, Taiwan, Sept. 30, 2011 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited announced today that on September 29, 2011 it received a letter from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"). The Nasdaq letter has no immediate effect on the listing of the company's common stock.

    In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), GigaMedia has been provided a grace period of 180 calendar days, or until March 26, 2012, to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. If at any time before March 26, 2012, the bid price of the company's common stock closes at $1.00 per share or more for a minimum of ten consecutive business days, Nasdaq will notify the company that it has achieved compliance with the Minimum Bid Price Rule.

    If the company does not regain compliance with the Minimum Bid Price Rule by March 26, 2012, Nasdaq will notify the company that its common stock will be delisted from The Nasdaq Global Market. In the event the company receives notice that its common stock is being delisted from The Nasdaq Global Market, Nasdaq rules permit the company to appeal any delisting determination by the Nasdaq staff to a Nasdaq Hearings Panel. Alternatively, Nasdaq may permit the company to transfer its common stock to The Nasdaq Capital Market if it satisfies the requirements for initial inclusion set forth in Marketplace Rule 5505, except for the bid price requirement. If its application for transfer is approved, the company would have an additional 180 calendar days to comply with the Minimum Bid Price Rule in order to remain on The Nasdaq Capital Market.

    The company intends to actively monitor the closing bid price of its common stock between now and March 26, 2012 and will evaluate available options to resolve the deficiency and regain compliance with the Minimum Bid Price Rule.

    About GigaMedia

    GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. Through its subsidiaries, GigaMedia develops and operates a suite of online games in Asia covering the regions of Greater China and Southeast Asia. More information on GigaMedia can be obtained from

    The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2011.

    For further information contact: Brad Miller, Investor Relations Director Country/City Code 8862 Tel: 2656-8016

    GigaMedia Limited

    Web site:

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