Blog - Page 4065 of 5436

FridayNov 21, 2008 7:16 am

Unemployed to Receive Additional Jobless Benefits

President Bush has signed into law a bill to keep unemployment checks flowing to unemployed Americans through the holiday season. The government recently reported that the number of workers filing new claims last week for jobless benefits was at its highest level in 16 years. The signing of this bill provides seven more weeks of government unemployment payments, and an additional 20 weeks for those in states with the highest unemployment rates. Let us hear your thoughts thoughts below:

FridayNov 21, 2008 7:02 am

Analyst Says Microsoft Corp. (MSFT) Shares Could Rise 22 Percent Next Year

According to Brad Reback, an Oppenheimer & Co. analyst, Microsoft Corp.’s shares could climb as much as 22 percent in the near term. Mr. Reback stated that the stock could jump as much as $4 from yesterday’s closing price based on conservative earnings projections for the coming year. He went further to say that the stock could fall by $1 in the worst case scenario. He raised his raiting from "Perform” to "Outperform." Let us hear your thoughts below:

FridayNov 21, 2008 6:55 am

Indices Jump in Early Morning Trading after Thursday’s Selloff

After a report was released stating that Citigroup Inc. might put itself up for sale, stocks opened sharply higher. Although it isn’t clear whether Citi is considering to sell parts of itself or the entire company, Wall Street and the financial sector overall showed optimism. Currently, the DOW is up 90 points (1.22%), the NASDAQ is up 28.55 points (2.17%), and the S&P is up 12.55 points (1.67%). Let us hear your thoughts below:

ThursdayNov 20, 2008 8:52 pm

Worldwide Energy and Manufacturing USA, Inc. (WEMU.OB) Announces Record Revenue and Net Income for the Third Quarter 2008

Worldwide Energy and Manufacturing USA, Inc. (WEMU.OB), a 15-year-old engineering-oriented firm specializing in PV panel, mechanical, electronics and fiber optic products manufacturing, recently announced record revenue and net income for the third quarter ended September 30, 2008. Total revenue for the third quarter climbed 546 percent to $19.1 million and quarterly net income increased 327 percent to $541,000. Net sales for the third quarter reached $19.1 million, an increase of $16.1 million or 546 percent, compared to $3.0 million for the corresponding period one-year earlier. The company attributes the sharp revenue gain to a significant increase in orders in the…

ThursdayNov 20, 2008 8:51 pm

Action Products International, Inc. (APII) Releases 2009 Sales Strategy to Greatly Improve Sales by Maximizing Asset Potential

Given the current volatile economic climate, most companies might be tempted to keep their cards close to their vest when it comes to their future plans and sales goals. Not so with Action Products International, Inc. (API). Today, the Orlando, Florida based toy manufacturer and distributor offered the market a glimpse of what it expects to achieve in terms of sales for 2009 and how it will meet its goals. Even with consumer sentiment at its lowest levels in decades, API says its assets can generate better returns for shareholders. API has recently changed its management team and the new…

ThursdayNov 20, 2008 1:48 pm

Vortex Resources Corp. (VTEX.OB) Announces Share Repurchase Plan

Vortex Resources today announced that it is adopting a share repurchase program. The Company’s Board of Directors decided on the program in light of the depressed value of Vortex’s market price. According to the press release, the program was designated to repurchase, at management’s discretion, up to 10,000,000 shares of common stock in the open market through December 31, 2009. The company stated that the repurchases will be made using cash resources and will be in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and other applicable laws, rules and regulations. Let us hear your thoughts: Vortex…

ThursdayNov 20, 2008 1:38 pm

Stratos Renewables Corp. (SRNW.OB): Led By Dynamic International Executive Team

Stratos Renewables Corporation (SRNW.OB) continues to work at becoming a leading worldwide provider of ethanol fuel. Using sugarcane as its main raw material, the company has chosen to purchase acreage on the best farmland in Peru. Whereas this location may be considered an obstacle for some companies, Stratos has an experienced executive team that is successfully leading the company. As President and CEO, Tom Snyder is the head of the executive team. Snyder has a long track record as CEO of companies that have worldwide presences. He has successfully managed over 40 international complex industrial projects working towards the construction…

ThursdayNov 20, 2008 12:02 pm

Exchange Media Corp. (EXMD.PK) is “One to Watch”

Exchange Media Corp. provides mobile phone users with a unique end-to-end multimedia video/audio solution. The company’s XCPlayer software allows these users to search, download, manage, and play published audio and video content. The software also incorporates value-added services such as video ring tones and real-time high resolution video. Currently, Exchange Media’s XCPlayer is the only service software of mobile video ring tones for commercial use in China. Because the software solution has excellent compatibility with numerous mobile phones, it can support millions of users regardless of their phone’s brand. The XCPlayer also supports all international audio/video codec standards and utilizes…

ThursdayNov 20, 2008 11:19 am

Valence Technology Inc. (VLNC) Gears up with Brammo to Fuel All-Electric Motorcycle

Founded in 1989, Valence Technology Inc. (Nasdaq: VLNC) has grown to become an international developer of lithium phosphate energy storage solutions. The company’s technology will allow it to enter into the eco-friendly motorcycle market. Valence today announced the completion of a supply agreement with Brammo Inc., which manufactures ultra-efficient, lightweight vehicles. Per the agreement, the companies will work on a collaborative development strategy in which Valence will provide lithium phosphate batteries for Brammo’s Enertia all-electric motorcycle. According to Valence, the deal represents the efforts of both companies in their quest to expand their presence in the storage solution and electric…

ThursdayNov 20, 2008 11:15 am

Drugstore.com (DSCM) Announces Alliance with Medco

Drugstore.com, Inc., a leading online retailer of health, beauty, vision, and pharmacy products, today announced a strategic alliance with Medco Health Solutions, Inc. (MHS), the nation’s leading pharmacy benefit manager providing pharmacy benefits to over 60 million Americans. Under the agreement, Drugstore.com will provide non-prescription consumer health products, along with technical development, operation services, fulfillment capabilities, OTC merchandising, and customer care, for a Medco branded online store being offered to Medco members beginning in mid 2009. Drugstore.com Chairman and CEO, Dawn Lepore, commented on the plan. “The alliance supports our strategy to leverage the drugstore.com ecommerce health, beauty and wellness…

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