Blog - Page 4105 of 5513

FridayJan 23, 2009 8:26 am

Geron Corp. (GERN) Gains FDA Clearance to Begin World’s First Human Clinical Trial of Embryonic Stem Cell-Based Therapy

History was made today as Geron Corp. announced that the U.S. Food and Drug Administration (FDA) has granted clearance of the company’s Investigational New Drug (IND) application for the clinical trial of GRNOPC1 in patients with acute spinal cord injury. This unprecedented clearance enables the company to move forward with the world’s first study of a human embryonic stem cell (hESC)-based therapy in man. “The FDA’s clearance of our GRNOPC1 IND is one of Geron’s most significant accomplishments to date,” stated Thomas B. Okarma, Ph.D., M.D., Geron’s president and CEO. “This marks the beginning of what is potentially a new…

FridayJan 23, 2009 7:44 am

Horizon Bancorp (HBNC) Reports Record Earnings for 2008

Horizon Bancorp today announced its unaudited results for the fourth quarter and year ended December 31, 2008. Net income for the year was $8.972 million, or $2.75 per fully diluted share, compared to $8.140 million, or $2.51 per fully diluted share, for the previous year. Net income for the fourth quarter of 2008 was $2.122 million, or $.64 per fully diluted share, compared to $2.010 million or $.62 per fully diluted share for the same quarter of the prior year and $1.373 million, or $.41 per fully diluted share, for the third quarter of 2008. Craig M. Dwight, Horizon’s Chief…

FridayJan 23, 2009 6:47 am

Tamalpais Bancorp (TAMB) Announces Overall Positive Financial Results for Q4 and Full Year

Tamalpais Bancorp. today announced that for the fourth quarter 2008, net income totaled $850,000, or earnings per share (EPS) of $0.22. In the 2007's fourth quarter the company reported net income of $1,139,000, or EPS of $0.30. Net income for the full year of 2008 was $4,829,000, or EPS of $1.26, compared to net income of $4,209,000, or EPS of $1.07, in 2007, representing a 14.7% increase in net income and a 17.8% increase in EPS. According to the press release, the return on average shareholders’ equity was 9.18% in the fourth quarter and 13.74% for the full year of…

FridayJan 23, 2009 6:28 am

Obama and Lawmakers Meet to Discuss Economic Stimulus

President Barack Obama and Congressional leaders are having difficulty finding common ground on an economic recovery plan as Republican resistance to the stimulus package emerges in the House. The president and top Democrats and Republicans from the House and Senate planned to meet today to discuss the spending and tax cutting legislation that Obama has demanded to tackle the gloomy economy. Yesterday, The House Ways and Means Committee approved $275 billion in tax cuts on a party-line vote of 24-13. The House Energy and Commerce Committee, also working on the bill, approved $2.8 billion to expand broadband service into underserved…

FridayJan 23, 2009 5:56 am

Thresher Industries, Inc. (THRR.PK) is Run by a Team of Seasoned Professionals

CEO Tom Flessner started his career in product design in the mid 1960's with Outboard Marine Corporation, the parent company of Johnson and Evinrude outboard motors. The focus of his career has been on the die-casting and foundry management business. Mr. Flessner is known for his ability to successfully turn around distressed manufacturing companies. In 1991 he was instrumental in the turnaround of Puget Cast Products Casting Division in Tacoma, Washington and later Allied Die Castings in Rutherfordton, North Carolina. In 1996, as Director of the Precision Pressure Cast Division of Alyn Corporation, he participated in the design and construction…

FridayJan 23, 2009 2:59 am

Axial Vector Energy Corp. (AXVC.PK) Engine Technology Holds Multiple Possibilities for Military and Commercial Applications

Axial Vector Energy Corporation (OTC: AXVC) is a publicly traded company and global solutions provider engaged in the development and licensing of a revolutionary internal combustion engine and electric power generator technologies that possess great potential in the military, industrial and commercial sectors. Axial Vector and their partners have positioned the company to become an established leader in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive, and versatile solutions for use in a wide array of important applications that span the globe. The Axial Vector engine is ideal for military applications for a…

ThursdayJan 22, 2009 9:19 am

Hunt Gold Corp. (HGLC.PK) Completes Sale of American Molygold Corp.

Hunt Gold Corporation announced today the completion of the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp. $620 million in shares of a USA quoted Company will be paid in exchange for the interests. This Company, which is focused exclusively on the business of Molybdenum and Rare Earths, is currently being renamed to Independence Strategic Minerals, Inc. Hunt Gold reaffirmed that it will be distributing all of the shares received from the sale of American Molygold Corp. to its shareholders once it has received the shares. According to the press release, stockholders will be advised…

ThursdayJan 22, 2009 8:30 am

Oil Prices Fall 6% after Release of Inventory Report

Oil prices fell today after it was announced that the nation's supplies of crude and gasoline expanded much more than expected last week. In its weekly inventory report, the Energy Information Administration said the nation's supplies of crude oil rose 6.1 million barrels. According to a survey by energy research firm Platts Analysts, crude stocks were expected to have grown 1.9 million barrels. Gasoline supplies rose 6.5 million barrels, and supplies of distillates - used to make heating oil and jet fuel - rose 800,000 barrels last week, according to the EIA report. Gasoline stocks were predicted to rise 1.9…

ThursdayJan 22, 2009 7:33 am

NexMed, Inc. (NEXM) Signs Strategic Collaboration Agreement with PII

Today, Pharmaceutics International, Inc. (PII) and NexMed, Inc. announced together that they have entered a Memorandum of Understanding (MOU) for a strategic product development collaboration utilizing NexMed’s NexACT drug delivery platform. As terms of the agreement, PII will promote the NexACT technology to its clients and will be able to independently identify new product development opportunities for this collaboration. PII will be responsible for the research and development of the new pharmaceutical products, with guidance and oversight from NexMed, as well as for clinical trial material manufacturing and commercial manufacturing of the new products. Hem Pandya, NexMed’s COO stated, “We…

ThursdayJan 22, 2009 7:14 am

Radiant Systems, Inc. (RADS) Selected as Point of Sale Provider

Today, Radiant Systems, Inc. announced that it has entered into an agreement with Gas City, Ltd., to install Radiant Point of Sale (POS) and related technology to approximately 50 locations in Northeast Illinois, Northwest Indiana, Florida and Arizona. “Our goal is to deliver a customer experience that is unique to Gas City,” stated William A. McEnery, executive vice president at Gas City. “Radiant’s leadership in the industry and commitment to innovation and data security fit well with that goal and played a big part in our selection of Radiant as our POS platform moving forward.” The Radiant solution includes Radiant…

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