Blog - Page 3847 of 5632

ThursdayMar 18, 2010 8:02 am

Blockbuster Inc. (BBI) Bankruptcy Rumors

Shares of Blockbuster (NYSE: BBI) took a nosedive yesterday dropping more than .11 (approximately 29%) on rumors of bankruptcy being in the near future for the video rental giant. From a business perspective, Blockbuster is doing all that it can to regroup, but in the midst of soft sales and an ever-changing industry with extremely tough competition, it is struggling to keep, much less gain, market share. Blockbuster filed a 10-K on Tuesday stating that it may be forced into bankruptcy if its restructuring efforts cannot meet the liquidity needs for the company. In an industry where customers have been…

ThursdayMar 18, 2010 7:48 am

Are You Making These Cash Mistakes?

A majority of Americans reported cutting back on their spending in 2009. Fifty-six percent said they were eating in restaurants less often, 59% were spending less on vacations, and 36% postponed an auto purchase. In all, 76% said they had cut back in at least one area. So it’s not surprising that the personal saving rate has been running higher than normal. It even hit 6% in May 2009, the highest point during this century. Spending less and saving more is always a good idea, but what should you do with the money you save? Here are some common mistakes…

ThursdayMar 18, 2010 7:47 am

What Does a Fed Chairman Do?

The Chairman of the Board of Governors of the United States Federal Reserve might sound like a lofty title for some smart guy in an ivory tower. Yet the person who occupies this key position in the nation’s central bank can have a tremendous influence over important aspects of daily life, such as the interest rate your bank savings account pays or how much your next pair of shoes may cost. Here’s a look at the aspects of ordinary life that can be affected by the actions of the Fed and its chairman. Interest rates — The Fed is charged…

ThursdayMar 18, 2010 7:45 am

Fund.com, Inc. (FNDM.OB) Capitalizing on Rapidly Growing ETF Market in More Ways than One

Fund.com wants to do something that nobody else is doing. It wants to be for the fund industry what Bankrate.com is for banking, what Lendingtree.com is for the mortgage sector, and what CreditCards.com is for credit cards. Specifically, it wants to be the nation’s vertically-focused online investor resource for the fund investor. It’s a huge and underserved market. Each year, hundreds of billions of dollars flow into investment funds of all kinds. The U.S. mutual fund industry is now in the trillions of dollars, accounting for nearly half of the global mutual fund total. Funds obviously have a broad appeal…

WednesdayMar 17, 2010 2:19 pm

Energtek, Inc. (EGTK.PK) Erudite Management Team Key to Success

Energtek, Inc., known the world over for leading the industry in innovative Adsorbed Natural Gas (ANG) technology, including technology which allows for the efficient storage of Natural Gas (NG), is a company whose success is driven by the dedication and leadership of its experienced and diversely qualified management team. CEO of EGTK, Lev Zaidenberg, co-founder of AngStore Technologies (2002; one of three branches in what is today EGTK’s technology division), is a high-tech entrepreneur with years of advanced management experience. Zaidenberg was Director of Business Communications for Constellation 3D Inc. from 1995 to the founding of AngStore, and also founded…

WednesdayMar 17, 2010 2:09 pm

Abraxis BioScience (ABII) Tops Taxol in Cancer Study

Abraxis BioScience Inc. (ABII), a California based global biotechnology company focusing on cancer treatments, announced today that its chemotherapeutic compound ABRAXANE® has demonstrated a significant improvement in overall response rate in the treatment of the most common form of lung cancer when compared to Taxol®, based upon independent radiologist review. The study was a randomized registrational Phase 3 clinical trial comparing ABRAXANE (protein-bound paclitaxel) with Taxol (paclitaxel) injection, both in combination with carboplatin, for the first-line treatment of patients with advanced non-small cell lung cancer (NSCLC). One of the largest NSCLC clinical studies ever conducted, it involved over 1,000 patients,…

WednesdayMar 17, 2010 12:29 pm

Beacon Equity Featured Company: Kodiak Energy, Inc. (KDKN.OB)

Kodiak Energy, Inc., based in Calgary, Alberta, Canada, is an oil and gas exploration and development company focused on developing and exploring onshore oil, gas and CO2 properties within North America. The company’s main prospects are "Little Chicago" located in the N.W.T. and "Sofia" located in northeast New Mexico. Little Chicago’s dimensions are approximately 22 kilometers x 37 kilometers (13.7 miles x 23 miles). To date, 13 shallow drill targets have been identified, 3 secondary medium depth targets have been identified, and substantial closure, excellent source and reservoir characterizes have been observed. The Sofia prospect is comprised of 53,687 acres,…

WednesdayMar 17, 2010 12:09 pm

Beacon Equity Research Featured Company: U.S. Oil and Gas Corp. (USOG.PK)

U.S. Oil and Gas Corp. is an independent oil and gas exploration, development and production company with operations in Illinois, Kentucky and Indiana. The company was founded in 1990 by Anithalee Alex, Jr. After studying oil and gas exploration and development in geology school, Mr. Alex gained practical experience during the 1980s by working for several established oil exploration and development companies. By being part of the management team and working closely with geologists and drillers, he became experienced in oil exploration and oil field well management and built a network of contacts in the field. U.S. Oil and Gas’…

WednesdayMar 17, 2010 11:01 am

Arkanova Energy Corp. (AKVA.OB) Reaches Major Milestone

One company that is starting to gain recognition is the Arkanova Energy Corporation. Located in Houston, Texas, Arkanova is an up-and-coming exploration and junior production company that is engaged in the acquisition, exploration, and development of oil and gas properties. Today, Arkanova Energy made the announcement that they have received the completion of Schlumberger’s geological mapping and infield location at Provident Energy’s Two Medicine Cut Bank Sand Unit (TMCBSU). Arkanova received the completed data for the project on March 5, 2010 with an objective of this phase to provide updated structural maps of both the Upper and Lower Cut Bank…

WednesdayMar 17, 2010 10:58 am

Akeena Solar (AKNS) to Provide AC Installation Service for Lowe’s

California is known for its hot summers, which is why Akeena Solar has teamed up with Lowe’s to provide residential installation services of AC solar power systems in the state. The announcement comes just a few months after Lowe's Energy Center put Andalay AC solar panels on its shelves, making them the first grid-connected solar power systems sold by a major retailer. Andalay AC panels give homeowners a reliable, high-performing solar system. The system’s integration reduces the overall parts count by 80% and protects against performance-threatening breakdowns that occur with ordinary DC power systems. Andalay’s AC panels produce up to…

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