Blog - Page 3925 of 5550

FridayOct 02, 2009 2:33 pm

Oil Prices Fall on News of Rising Unemployment

With unemployment at a 26-year high of 9.8 percent, employers trumped expectations, cutting a whopping 263,000 jobs in September. Labor Department figures show a loss of 7.2 million jobs since December 2007, bringing the total number of unemployed Americans to an astounding 15.1 million. Oil prices fell October 2 in response to a flagging job market, confirming suspicions about overall U.S. economic health and future demand for crude oil. NYMEX saw crude dip to a morning-low of $68.32, with November delivery down $1.14 a barrel. The London, ICE Futures exchange, saw Brent crude prices also down $1.41 to $67.78. Elsewhere…

FridayOct 02, 2009 2:28 pm

Omnicity Corp.’s (OMCY.OB) $2.5M Investment will Create New Jobs, Opportunities for Rushville, Indiana

Executives from Omnicity Corp., an Indiana-based broadband and communications provider, were joined by Governor Mitch Daniels in August as the company announced it would expand its operations in Indiana, thereby creating about 100 new jobs by 2010. Omnicity currently employs 38 associates across its four Indiana facilities, and plans to invest $2.5 million into wireless infrastructure and expansion of its corporate operations. The company will hire customer service specialists, managers and field service personnel in order to meet growing demand for new fiber optic construction contracts. "Omnicity's new jobs and investment are a boost for Rush County. The expansion means…

FridayOct 02, 2009 2:24 pm

A Monster of a Gas Project

Australia has ambitions to dethrone Qatar as the world's largest LNG producer by the end of the next decade. The Australian government's current goal is the production of 60 million tons of LNG per year for export. The Australian government is looking to achieve their goal largely through the Gorgon LNG Project. In Greek mythology, a gorgon is a hideous monster, but this Gorgon is a 'monster' of liquefied natural gas project in Western Australia. Gorgon's network of fields is believed to hold as much as 50,000 billion cubic feet of gas and the 40-year project is expected to produce…

FridayOct 02, 2009 1:29 pm

MagneGas Corp. (MNGA.OB) Continues Business Plan Execution with Third Fuel Distributor Agreement

MagneGas Corp., a producer of a metal working fuel and natural gas alternative made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes, recently announced that the company has secured a new fuel distribution agreement with Tennessee-based Holston Gases. Under the terms of the agreement, Holston Gases will sell MagneGas™ through its 22 locations in Alabama, Kentucky and Tennessee. This new agreement, the company’s third, will expand MagneGas Corporation’s market share in the $680 million metal cutting fuel industry. MagneGas Corporation’s patented Plasma Arc Flow™ process gasifies liquid waste to create MagneGas™, a…

FridayOct 02, 2009 12:14 pm

Continental Minerals Corp. (KMKCF.OB) Announces Private Placement to Raise $25 Million

Continental Minerals Corporation announced today that a private placement agreement was entered into with a wholly owned subsidiary Zijin Mining Group Co. In the agreement, Continental will sell 21,121,495 common shares of their company and receive $22,599,999.65 in gross proceeds with the balance of the Offering being subscribed by other non-related parties. A commission equal to 6% of the proceeds from the Offering is payable. One of the key details to the agreement is that Zijin will provide support to the Xietongmen Project and will also be entitled to appoint one director to the Continental Board. The proceeds of the…

FridayOct 02, 2009 12:10 pm

Raptor Pharmaceutical Corp. (RPTPD) Appoints Seasoned Member to Board of Directors

Raptor Pharmaceutical Corp., a company focused on accelerating the speed of new treatment to patients by improving existing therapeutics, yesterday announced the appointment of Llew Keltner, M.D., Ph.D., to the company’s board of directors. Dr. Keltner currently serves as CEO and president of Light Sciences Oncology, a privately held biotechnology company focused on late-stage, light-activated therapy for hepatocellular cancer and solid tumors. Dr. Keltner is also the CEO of EPISTAT, an international healthcare technology transfer, corporate risk management and healthcare strategy company he founded in 1972. Christopher M. Starr, Ph.D., CEO of Raptor, said Dr. Keltner’s more than 30 years…

FridayOct 02, 2009 12:02 pm

Simulated Environmental Concepts, Inc.’s (SMEV.PK) Products Offer Businesses a Way to Diversify

According to the song from a few decades ago by Three Dog Night, “One is the Lonliest Number”. One is also the worst number in business. If your business is focused solely on one narrow product or service, the customer base for your business will be rather narrow. The more products or services your business offers, the wider your potential customer base will be. For example, if you are in the tanning business and you offer to the public everything associated with tanning. You will have only one type of customer – a customer interested in getting a tan. However,…

FridayOct 02, 2009 11:58 am

Data Call Technologies, Inc. (DCLT.OB) Offers Content Smorgasbord

Data Call Technologies Inc., digital content provider for the fast growing digital signage industry, is continually increasing the number and type of content feeds it offers, allowing clients to better fit the message to the market. This dynamic and compelling content is designed to draw the viewer’s eyes to the digital sign, thereby gaining more exposure to the sign’s main message. Below are some of the many content options available, from which digital sign clients are free to pick and choose. • General Interest Content – Daily Trivia, Born On This Date, This Date In History, Thought For The Day,…

FridayOct 02, 2009 11:55 am

Unemployment Figures for September Disappoint Wall Street

Employers in the United States cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8%. This figure is the highest unemployment rate in over 26 years. The government also revised job losses for the months of July and August to show an additional 13,000 jobs were lost than previously reported. The US Labor Department reported that since the start of the recession in December 2007, the ranks of unemployed people has swelled by 7.6 million to 15.1 million. Payrolls have now dropped for 21 consecutive months in the United States and the total number of jobs lost…

FridayOct 02, 2009 11:14 am

ZAGG, Inc. (ZAGG.OB) and Z-Tech Products Announce Partnership to Tap Canadian Wireless Market

ZAGG Inc. and ZAGGaudio™ brands today announced their marketing partnership with Z-Tech Products Inc., a leading distributor of wireless electronic accessories in Canada. Distributing wireless electronic accessories throughout significant retail and online channels, Z-Tech will exclusively carry the invisibleSHIELD, ZAGG’s ultra-tough patented protective film. The invisibleSHIELD offers military-grade scratch protection with precision-cut designs, allowing customers to use their electronics without the fear of scratches or nicks. “We are extremely excited with the opportunity to partner with ZAGG to offer the invisibleSHIELD brand, as well as ZAGG’s full line of products throughout Canada,” stated Scott Wicks, President of Z-Tech Products Inc.…

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