| Today's Briefing
An official said Monday the man killed in a homicide in New Iberia on Friday was 27-year-old Gerren Miller. James Falterman, Iberia Parish coroner, said Miller died of a gunshot wound to the left side of his chest. Miller was pronounced dead at 10:15 p.m. Friday, Falterman said. .
Smart Card Marketing Systems Inc. Commences Pilot in Florida Video ...
SAN ANTONIO, TX -- (MARKET WIRE) -- June 28, 2006 -- Smart Card Marketing Systems Inc. (PINKSHEETS: SMKG) (FWB: QYH), a leading provider of prepaid cards, value smart storage cards and payment transaction management services, announced today that they have commenced a pilot with a few of their co-brand card merchants in the Florida video lottery market. Smart Card's corporate merchants continue to expand the reach of their products and services and this latest development is a crucial step for the company's goal to grow their business in foreign markets. A few key resellers of Smart Card's co-branded card program have commenced a pilot for the Florida video lottery market and the initial interest have been very promising. These merchants have found a niche for the Smart Card closed loop cards to be used as a payout for lottery winnings in the state of Florida.
Lackluster IPO for Valero GP
Energy company Valero GP Holdings LLC capped a week of slow going in the IPO market with a debut that hovered precariously close to its offering price. In midday trading, Valero's stock was at $22.03, barely above its $22 initial public offering price. The company sold 17.25 limited partner units at the low end of the expected price range. The San Antonio company is the general partner of Valero LP, a limited partnership that specializes in oil and fuel transportation and storage. Valero LP, which went public in 2001, pays out much of its available cash to unit holders via a generous 7 percent yield dividend; Valero GP is entitled to that base dividend as well as a special incentive dividend on top of it that it, in turn, pays out to its investors. With an annual dividend of $1.20, Valero GP's dividend yield comes to 5.5 percent.
Texas to receive Homeland Security grants.
The funding is part of a $25 million program targeted for the highest-risk chemical plants and storage facilities in nine states. By Julia MaloneWASHINGTON BUREAU Friday, July 07, 2006 WASHINGTON — The U.S. Homeland Security Department announced Thursday that Texas would be allotted $5 million to set up "buffer zones" around chemical facilities to protect them from the threat of terrorism. The funding is part of a $25 million program targeted for the highest-risk chemical plants and storage facilities in nine states. .
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