Blog - Page 3766 of 5383

FridaySep 25, 2009 1:38 pm

Bernanke Extends Program to Increase Consumer and Business Lending

Fed Chairman Bernanke posed the “existence of an ongoing need” for a lending facility to serve businesses and consumers Friday. The Term Asset-Backed Securities Loan Facility (TALF), while originally set to expire at the end of this year, will be extended into the next, with a potential to generate $1 trillion for residential and commercial borrowers. The TALF represents the central mechanism of the Fed/Obama administration’s attempts to restore the flow of credit and stabilize the markets. Citing the demand to further drive down rates on car loans by continuing to employ the TALF mechanisms to bolster the automotive industry…

FridaySep 25, 2009 1:20 pm

Corgenix Medical Corporation (CONX) Reports Loss for Year

Corgenix Medical Corporation reported a net loss of $1.57 million, or $0.05 per share, for fiscal year 2009. Revenues were $8.06 million for the year, down from $8.35 million reported last year. Despite the loss, the results were a slight improvement over the fiscal 2008 when Corgenix Medical Corporation lost $2.1 million, or $0.06 per share. The company ended the fiscal year with $785,000 in cash, against long term debt of $744,000. The company blamed the results on the impact of the recession on its customers. “We were obviously disappointed with the decline in revenue," said Douglass Simpson, the CEO…

FridaySep 25, 2009 1:18 pm

Understanding When Individual Patterns Start to Change

If an investor has been working to increase their portfolio over the past few years they have likely been put through the proverbial ringer. Investments have been increasing of late, but they may yet find a "double dip" drop in the not so distant future. If the past decline was missed and value lost, what might indicate a fall in value going forward for an individual stock? Knowing the answer is speculation, however, there are a few signs to keep an eye out for. The idea is to look at time series data. A stock is like an ice core…

FridaySep 25, 2009 1:11 pm

Ballard Power Systems (BLDP) Provides Update on Supply Agreement in India

Ballard Power Systems, a world leader in clean energy fuel cell products, recently provided a status update to the supply agreement between the company and IdaTech and ACME Group. The supply agreement was for a telecom backup power solution in India. Ballard entered into the development and supply agreement with IdaTech and ACME in October 2008 for hydrogen and natural gas-based backup power systems. As previously disclosed, committed purchase volumes in the agreement are subject to meeting product acceptance testing (PAT) timelines. Ballard's primary role in the agreement is to develop a low-cost, liquid-cooled fuel cell stack and to manufacture…

FridaySep 25, 2009 1:09 pm

September Consumer Sentiment – A Positive Sign for the U.S. Economy

U.S. consumer sentiment rose in late September to the highest level since January 2008 as expectations of an economic rebound gathered momentum. This data added to indications the economy is pulling out a lengthy recession more powerfully than many economists had expected a few months ago. The Reuters/University of Michigan Survey of Consumers said its final index of sentiment for September rose to 73.5 from 65.7 in August. This was above economists' expectation for a reading of 70.3. The index of consumer expectations rose to 73.5, the highest in two years, from 65.0 in August. The index of current conditions…

FridaySep 25, 2009 1:00 pm

FormCap (FRMC.PK) Receives Termination

FORMCAP CORP (PINKSHEETS:FRMC) announced today that it has received a letter from Morgan Creek Energy Corp terminating the Option Agreement between FormCap Corp and Morgan Creek Energy Corp. on the Frio Draw Prospect in New Mexico.

FridaySep 25, 2009 10:02 am

The Quantum Group (QGP) Announces Impressive Third Quarter Results

Make no mistake about it, the economy has not been kind to investors and with this quasi-depression we have seen, most of the “Big Boys” and “Blue Chips” on Wall Street have felt the pain. While most companies have suffered, one young company has been rapidly producing profits and moving straight ahead with its mission statement. That company is The Quantum Group. The Quantum Group is an innovation-driven Healthcare Service Organization (HSO) that provides technology solutions through PWeR, a 21st Century Electronic Medical Records platform that has changed the outlook of the industry. With this technology in place, Quantum has…

FridaySep 25, 2009 9:00 am

China Crescent Enterprises, Inc. (CCTR.OB) Reports $17 Million in Revenue and a Record Net Income of $1.1 Million for the First Six Months of 2009

China Crescent Enterprises, Inc., a technology leader in the rapidly developing Chinese market, recently announced that the company generated $17 million in revenue and a record net income of $1.1 million for the first six months of 2009. The company is on track to reach its forecasted $50 million in profitable revenue for 2009 due to the $45 million in recently announced outsourcing or pending contracts. China Crescent Enterprises focuses on serving second-tier cities, small-to-medium enterprises and rural markets in China. In February 2009, the Chinese government launched a subsidy program to fuel PC sales in rural China and selected…

FridaySep 25, 2009 8:58 am

China Advanced Construction Materials Group Inc. (CADC.OB) Posts Strong Q4 and FY Results Built on Project Increases and Tax Incentives

Beijing-based China Advanced Construction Materials Group Inc. (China ACM) is a leading producer of advanced construction materials for large scale commercial, residential and infrastructure developments. The company today announced its fourth-quarter and fiscal results for the three months ended June 30, 2009, posting a quarter of proven growth and profitability. The company posted revenue for the quarter at $14.5 million, as compared to $7.7 million for the three months ended June 30, 2008. Net income for the three months ended June 30 2009, was $5.7 million, or $0.40 per diluted share, compared to net income of $1.4 million, or $0.12…

FridaySep 25, 2009 8:54 am

Advanced Visual Systems, Inc. (AVSC.PK) Announces Trading on Over-The-Counter

Advanced Visual Systems Inc., an innovator of data visualization software and solutions, announced this morning that its common stock began trading on the OTC Pink Sheets on September 15, 2009. The company, founded in 1991, develops and markets powerful technology used by corporations, software makers and research organizations to add graphically-rich analysis features to business intelligence systems, corporate dashboards, research projects and high performance computing programs. Data visualization converts corporate, technical and scientific information into highly expressive graphics that allow many dimensions of data to be viewed simultaneously, revealing patterns, trends and anomalies that can be difficult to detect using…

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