Blog - Page 3847 of 5718

FridayMay 28, 2010 11:08 am

Taiwan’s Foxconn (LSE: HHPD) to Raise Pay of Workers Following Suicides at China Plant

One company that has gotten attention for what they have done in the marketplace is the Chinese Company Foxconn. Part of Taiwan’s Hon Hai Precision Industry Co., Foxconn is the world’s largest contract manufacture of electronics. Foxconn is led by their CEO Terry Gou who founded the company in 1974; Foxconn has a long list of big-name customers which includes Apple Inc., Sony Corp., Dell Inc., Nokia Corp. and Hewlett-Packard. While Foxconn has made its mark in the business world, they have been decimated in the court of public opinion. The Taiwanese electronics company has been buffeted by an array…

FridayMay 28, 2010 11:04 am

Atlas Pipeline Partners Ltd. (APL) Makes All the Right Moves at the Right Times

Investing in a commodity market means paying fairly close attention to commodity price, volume and those running the company. Management, in this sense, becomes just as important as what the actual commodity price is doing. An investor that can put the two aspects together, management and a rising commodity price, is one that may profit. Atlas Pipeline Partners Ltd., a gatherer, pipeline owner and processor of natural gas, operates and processes natural gas in primary natural gas production regions across the United States. The company has primary holdings in the Permian basin, Appalachian basin and into the north eastern US.…

FridayMay 28, 2010 11:00 am

Minerco Resources, Inc. (MINED.OB) Signs Agreement to Acquire 6 Megawatt Hydroelectric Project in Honduras

Minerco Resources Inc. is a progressive developer, producer and provider of clean, renewable energy solutions in Latin America. The company announced today that it has entered into a definite agreement for the acquisition of a hydroelectric project known as “Chiligatoro Hydro-Electric” in Honduras. The agreement provides for the company to acquire 100% of the 6 megawatt project from the Honduran company Rota Inversiones. Rota will receive 18 million restricted shares of Minerco in three installments while the company is responsible for outstanding costs to date and ongoing expenses through final design and continued operations of the project. Minerco will provide…

FridayMay 28, 2010 10:58 am

eDoorways Corp. (EDWY.PK) Continues Adding Promised Features

eDoorways Corp., the rapidly developing vendor/consumer online network, has moved to a new and quicker pace for adding functionality to its site. As promised in their last shareholder conference call, they have initiated smaller releases to get requested features out more quickly without having to wait for completion of a larger release. Using this new approach, they’ve recently added offline text message notification, one of the most important new features. It allows vendors who cannot be online at all times to be automatically notified if someone on the eDoorways site has selected them to join a conversation. This new functionality…

FridayMay 28, 2010 8:09 am

La Cortez Energy, Inc. (LCTZ) Reports Drilling of Exploratory Well in Colombia

La Cortez Energy, Inc. reported that the company’s partner has begun drilling an exploratory well in Colombia. La Cortez Energy, Inc. has a 20% working interest in the well, which is being drilled by Emerald Energy Plc. La Cortez Energy, Inc. said that the Mirto-2 exploratory well is located on the Maranta Block of the Putumayo basin in the southwestern part of Colombia. The well will be drilled to a depth of 11,504 feet, and will test out 3 possible oil and gas bearing sands of the Villeta formation. Andres Gutierrez, the CEO of La Cortez Energy, Inc., said, “We…

FridayMay 28, 2010 8:08 am

Mayflower Bancorp, Inc. (MFLR) Reports Strong Increase in Net Income for Fiscal 2010

Mayflower Bancorp, Inc. reported net income of $313,000 or $0.15 per diluted share, for the fourth quarter of fiscal 2010, which ended 4/30/2010. The company earned net income of $305,000, or $0.15 per diluted share, in the corresponding quarter in 2009. Although net income for Mayflower Bancorp, Inc. was flat for the quarter on a year over year basis, the company reported much improved results for the full fiscal year. The company earned net income of $1.2 million, or $0.56 per diluted share, in fiscal 2010, compared to only $35,000, or $0.02 per diluted share, in fiscal 2009. The management…

FridayMay 28, 2010 8:05 am

Board of Directors of Farmers National Banc Corp. (FMNB.OB) Announces Management Succession

Yesterday, Farmers National Banc Corp.'s Board of Directors announced that, effective July 1, 2010, Mr. John S. Gulas will become President and Chief Executive Officer of both the Company and their wholly owned subsidiary, Farmers National Bank of Canfield. Mr. Gulas will succeed Mr. Frank L. Paden who will remain as Executive Chairman of both Boards of Directors. Mr. Paden has served at Farmers National Bank for more than 35 years. Mr. Gulas will also be appointed as an additional member of the Company's Board of Directors, again effective July 1, 2010. Mr. Frank L. Paden helped to create this…

FridayMay 28, 2010 8:03 am

ubroadcast, Inc. (UBCI.OB) Announces Name Change to “Santeon Group, Inc.”

ubroadcast, Inc., a facilitator of high-quality live and on-demand television and radio broadcasts, recently announced that the company will change its name to “Santeon Group, Inc.” The company has also filed an application with FINRA for a new common stock trading symbol and anticipates that the effective date for the planned new trading symbol to be announced in the very near future. This announcement is the result of the company’s recent merger with Santeon, Inc. The company is anticipating significant expansion opportunities with its software development, broadcasting activities and other technical services. This name change will reflect the new direction,…

FridayMay 28, 2010 8:02 am

Javo Beverage Company, Inc. (JAVO.OB) Appoints a New Chairman and Interim CEO

Yesterday, leading supplier of premium dispensable coffee and tea-based beverages Javo® Beverage Company, Inc. announced two new appointments: Ronald S. Beard as Chairman of its Board of Directors and Stanley L. Greanias as Interim Chief Executive Officer. In other news, Gary Lillian will continue as President, and Founder and former Chairman and Chief Executive Officer Cody Ashwell resigned from the Company and its Board of Directors to focus on a new business venture. Since 2004, Ronald Beard has been a director of the company, serving as the Chairman of the Compensation Committee and a member of the Executive Committee. Mr.…

FridayMay 28, 2010 7:59 am

Jamba Inc. (JMBA) Reports Net Loss and Outlines 2010 Goals

Jamba Inc. reported a net loss of $5.3 million, or $0.13 per diluted share, in the first quarter of fiscal 2010, which ended 4/20/2010. The company lost $10.2 million, or $0.19 per diluted share, in the same time period in 2009. Jamba Inc. also reported a decline in revenue on a year over year basis, from $88.9 million in the first quarter of fiscal 2009, to $80.4 million in the quarter that just ended. Comparable store sales fell in the first quarter of fiscal 2010 by 3.3% compared to the prior period. Jamba Inc. outlined the goals that the company…

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