Blog - Page 4029 of 5386

TuesdayNov 11, 2008 8:44 am

Is General Motors Corp. (GM) Prepared to Radically Change?

Shares of General Motors hit a 60-year low today on market worries that the automotive giant will burn through their cash reserves in the first quarter of 2009. The Company has a $6.9 billion burn rate. With the current cash on hand number being $16.2 billion, you can see that the situation is ugly. To make the picture even uglier, Standard and Poor’s cut GM’s credit rating on Friday from B- to a CCC+. If GM can't complete asset sales, raise money in the financial markets, or get government assistance, the company will be short next year. A financial collapse…

TuesdayNov 11, 2008 8:40 am

BioSolar, Inc. (BSRC.OB) Continues its Move toward Full-Scale Commercial Production

BioSolar, Inc. has developed a breakthrough technology to produce bio-based materials from renewable plant sources, effectively reducing the cost per watt of solar cells. Most of the solar industry is focused on photovoltaic efficiency to reduce cost. BioSolar is the first company to introduce a new dimension of cost reduction by replacing petroleum-based plastic solar cell components with durable bio-based components. By removing petroleum from solar cells, BioSolar makes solar energy a true green source of energy. The company expects to begin commercial production of its BioBacksheet(TM) over the next few months and is gearing up for pre-production runs. There…

TuesdayNov 11, 2008 8:38 am

Fisker Automotive, Inc. to Open New Facility in Pontiac, Michigan; Utilizes Quantum Technologies, Inc. (QTWW) for Hybrids

Fisker Automotive, Inc. is an American premium car company with a cutting edge. Fisker cars use technology created by Quantum Technologies (QTWW) to achieve the world’s first true luxury plug-in hybrid sports car – The Fisker Karma. Quantum designs and manufactures state-of-the-art clean propulsion technologies, fuel and energy storage technologies and services including propulsion systems for hydrogen fuel cell vehicles, hydrogen internal combustion engine vehicles, compressed natural gas vehicles, liquid petroleum vehicles, hybrid electric vehicles and plug-in hybrids. Yesterday, Fisker announced that they will be aiding in the rehabilitation of the Michigan automotive industry by opening a 34,000 square foot…

TuesdayNov 11, 2008 8:33 am

Tri-Star Holdings, Inc. (TSHL.PK) Signs Definitive Agreements to Acquire Mineral Rights

During late morning trading, Tri-Star Holdings announced the execution of definitive agreements to acquire 80% of the mineral rights to the Wickenburg gold placer mining claim owned by Rusty Murphy. This 25-acre placer property located on the Hassayampa River is located in an area that was mined by a foreign group in the late 1980s. It has been estimated that 2 million to 3 million cubic yards of placer exists. Scott Spooner, Tri-Star Chief Geologist, targeted and negotiated the deal. He stated that Azrock Mining began surveying the property early today. The company anticipates receiving updated sample information from the…

TuesdayNov 11, 2008 8:07 am

Bald Eagle Energy, Inc. (BEEI.OB) Appoints New CEO to Lead Future Growth

Bald Eagle Energy announced today that Andrew S. Harper has been named the company’s Chief Executive Officer (CEO). Mr. Harper replaced acting CEO Alvaro Vollmers who remains as the company’s Chief Financial Officer (CFO). Andrew Harper brings extensive experience to Bald Eagle Energy as he brings nearly three decades of international oil and gas exploration and development expertise. Alvaro Vollmers, Bald Eagle's CFO, stated, "We are pleased to have Mr. Harper come on board Bald Eagle. His recent experience allowed him to seek and evaluate new US and international venture opportunities, while applying the knowledge he acquired over his broad…

TuesdayNov 11, 2008 7:02 am

MyECheck Inc. (MYEC.OB) Announces SunSetter Products as a New Client

Today, MyECheck announced that SunSetter Products has signed on as a client and will be provided with the company’s comprehensive suite of electronic check processing services. Through this agreement, Sunsetter customers will now be able to use their online checking accounts to pay for goods. Sunsetter benefits from decreased ‘per transaction’ fees as well as the ability to accept payments from more customers. SunSetter Products is the renowned manufacturer of SunSetter Retractable Awnings. Johathan Hershberg, President of SunSetter, stated, "We are very pleased to add MyECheck as a payment option for our customers to pay through our call center or…

TuesdayNov 11, 2008 6:54 am

EV Transportation, Inc. (EVTP.OB) Subsidiary Announces Delivery of New Fleet

Today before the bell, EV Transportation announced that its subsidiary, EV Rental Cars, LLC, is taking delivery of the new 2008 Toyota hybrids. Toyota has taken the charge of becoming a leader in the Hybrid category and has plans to boost production to 480,000 units per year, a 70% increase. Commenting on the delivery, Bill Plamondon, Chairman and CEO of EV Transportation, Inc., stated, “As part of our restructuring, we are defleeting our older cars and are bringing in new Toyota hybrids. We will continue to bring in new cars over the next six to nine months.” The Toyota Pirus…

MondayNov 10, 2008 7:29 pm

NUCRYST Pharmaceuticals Corp. (NCST) Receives Health Canada Approval of Acticoat™ Flex Barrier Dressing

NUCRYST Pharmaceuticals Corp. (NASD: NCST), a developer and manufacturer of medical products that fight infection and inflammation and the Advanced Wound Management division of Smith & Nephew, PLC, recently announced that Health Canada granted marketing approval for Acticoat™ Flex barrier dressing for wounds that require up to seven days of sustained antimicrobial activity. Acticoat™ Flex simplifies the dressing of wounds with its unique elastic design that easily contours to surfaces, including difficult-to-protect regions, such as knee or elbow joints. Acticoat™ Flex is a new barrier dressing product that is coated with the company’s patented SILCRYST™ nanocrystalline silver technology. Acticoat dressings…

MondayNov 10, 2008 3:51 pm

November 10th CEOcast Weekly Newsletter

Companies featured in the current edition of the newsletter: CNLG, CVM, ENZ, GISV, GNBT, HYTM, ICLK, LPHC, MBND, PLKH, SRRY, TSX: SEE, TAGS, TKO, VYTR, XCR During a historic week as U.S. voters elected the first minority President in the country's history, the markets made their own history of a much more dubious sort, as the Dow experienced the largest two-day decline since the index's inception. Overall, there were few places to hide last week as the market aggressively sold off following the election. The Dow lost 381 points for the week, extending its annual loss to 32.6%. The Nasdaq…

MondayNov 10, 2008 1:03 pm

Puda Coal, Inc. (PUDC.OB) Posts Solid Third-Quarter Numbers

Puda Coal, Inc. (PUDC.OB), a high grade metallurgical coking coal supplier in China, reported its 3rd quarter financial results today and the numbers are strong. Revenue hit $74.1 million, an 82% increase over third-quarter 2007’s revenues. Operating income came in at $9.0 million, while net income reached $6.5 million. Sales of cleaned coal increased 22.6% from the same period last year to 603,000 metric tons. Puda was able to increase prices to $123 per metric ton. Puda has launched its website, www.pudacoalinc.com , and will present investor road shows in the United States as well as appearing at the annual…

Site Search

Company Search