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TuesdayDec 22, 2009 9:14 am

Confident in Consumer Confidence?

In September 2008, the subprime mortgage crisis reached a crescendo. Several banks asked for government bailouts and loans or filed for bankruptcy. Mortgage guarantors Fannie Mae and Freddie Mac were placed in conservatorship. The Federal Reserve and central banks around the world scrambled to pump liquidity into the credit markets. To top it all off, the world’s stock markets drifted lower as the crisis unfolded. At the time, it seemed as though the sky was falling. No surprise then that the consumer confidence index (CCI) fell to what was then the lowest point recorded to that point. The October reading…

TuesdayDec 22, 2009 9:13 am

Playing Catch-Up with Contributions

Most Americans are no longer convinced that they are financially prepared for retirement. In the 2009 Retirement Confidence Survey, only 13% of workers indicated they were “very confident” that they will have enough money for a comfortable retirement, the lowest level since the annual survey began in 1993. Are you worried that you might have to choose between working longer or living with less than you had planned? Fortunately, if you are age 50 or older, you may have an opportunity to catch up to your retirement savings goals. Make Up for Lost Time The costs associated with raising a…

TuesdayDec 22, 2009 9:08 am

Insight Management Corp. (ISIM.OB) and Subsidiary Report Favorable Market Conditions

After a review of industry conditions, Insight Management Corporation announced that increased oil and gas leasing and drilling activity has been creating new opportunities to add new business and increase sales to existing customers. Wholly owned Insight Management subsidiary Rebel Testing, Inc. is taking advantage of the exploration and production upswing to generate additional revenue and increase market share for its natural gas well servicing business. Oil prices have more than doubled in the last year, and gas futures have risen approximately 93% from lows reached in September 2009. Oil and gas rig counts decreased over the past year, but…

TuesdayDec 22, 2009 9:00 am

Clarient, Inc. (CLRT) Closes Purchase of Applied Genomics

Clarient, Inc. reported that it closed on its purchase of Applied Genomics, Inc., a private biotechnology company, in a stock deal worth $17.6 million. Applied Genomics, Inc. is headquartered in Huntsville, Alabama. “Applied Genomics and Clarient represent a strong strategic and technological fit providing for multiple proprietary tests that can be commercialized via the Clarient national footprint," said Ron Andrews, the CEO of Clarient, Inc. Clarient, Inc. acquired all the ownership interests in Applied Genomics, Inc. in exchange for 7.6 million shares of Clarient common stock. Clarient, Inc. will transfer 4.4 million shares immediately, and 3.2 million shares will be…

TuesdayDec 22, 2009 8:36 am

Aquentium Inc. (AQNM.OB) Announces Distribution Opportunity for Sanitation and Water Purification Treatment Equipment

Aquentium Inc. recently announced distribution opportunities for its line of ozone sanitation and water purification treatment equipment for use in Mexico. Aqentium’s ozone sanitation and water treatment equipment is designed to improve the country’s food and water safety standards by preventing contamination of water, produce, seafood, meat and any other food products. Reducing the threat of contamination in the country itself is expected to improve the safety standards internationally as well. The company said that through its non-chemical process, it can purify water and extend the shelf life of food products, while protecting from many contaminants. Ozone is generated from…

TuesdayDec 22, 2009 8:34 am

Soligenix Inc. (SNGX.OB) Launches Clinical Trial for Gastrointestinal Conditions

Soligenix Inc., formerly known as DOR BioPharma Inc., is a late-stage biotechnology company focused on developing products to treat potentially fatal side effects of cancer treatments, as well as for serious gastrointestinal diseases and vaccines for bioterrorism agents. The company yesterday announced it has commenced a phase ½ clinical trial to evaluate the safety and maximal tolerated dose of SGX201 for the prevention of acute radiation enteritis, a condition in which the lining of the bowel becomes swollen and inflamed during or after radiation therapy to the abdomen, pelvis or rectum. The phase 1/2 protocol BDP-ENT-01 is a study of…

MondayDec 21, 2009 4:56 pm

Nova Measuring Instruments Ltd. (NVMI) Books Additional $10 Million; Sets All Time Record

Nova Measuring Instruments Ltd., an Israeli-based developer of advanced measuring instrumentation for the semiconductor industry, today announced receipt of new bookings totaling $10 million. When added to previously announced orders for the quarter, the result is an all time record for quarterly bookings. The orders have come from several customers for stand-alone optical CD, integrated metrology, and software products. Most of the orders are scheduled for delivery in the first quarter of 2010. Nova president and CEO, Gabi Seligsohn, said of the orders, “Our recent market share gains and penetration to new customers, combined with the swift recovery in industry…

MondayDec 21, 2009 3:38 pm

December 21st CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CUR, DKAM, ENZ, IWEB, NXOI, OMCM, ONBI, PSID, SIHI Markets finished the year's last full week of trading mixed for the second consecutive week, as the Fed's policy announcement, the deterioration of Greece's credit rating and strong earnings reports from several big tech names combined to lead the major indices in opposite directions. All told, the Dow surrendered 142 points to close at 10328, down 1.4% on the week, reducing its yearly gains to 17.7%. The Nasdaq performed significantly better, posting a 1.0% gain on the week, bringing its YTD gains to…

MondayDec 21, 2009 1:44 pm

Treasury Yield Curve Steepens to Record Level

The Treasury yield curve widened to a record today as investors bet an accelerating recovery in the US economy will fuel inflation and hurt demand for unprecedented sales of government debt. The yield curve is often viewed as a barometer of the health of the US economy. The difference between the yields of the 2-year Treasury note and the 10-year Treasury note yields widened to 281.4 basis points (a basis point is 0.01 percentage point) from 145 basis points at the beginning of the year. The yield on the benchmark 10-year Treasury note itself climbed 10 basis points with the…

MondayDec 21, 2009 1:43 pm

Treaty Energy Closes on Oil and Gas Lease

Treaty Energy Corporation (OTCBB: TECO) is a growth-oriented company in the oil and gas business. The company acquires and develops oil and gas leases which have “proven but undeveloped reserves”. These properties, which are not strategic to larger companies, allow Treaty Energy to develop and produce oil and natural gas with decreased risk, cost and time involved in comparison to traditional exploration companies. The company announced today that it has successfully closed on the acquisition of a 70% working interest on a lease in Morgan County, Tennessee. This acquisition was completed with Green Light Energy LLC, with which Treaty Energy…

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