Blog - Page 4155 of 5438

MondayOct 20, 2008 11:51 am

Utilities Companies Consolidating – Exelon (EXC) Bids for NRG Energy (NRG)

In this time of uncertainty, there is one thing definitely clear – people will continue to need and use utilities. That’s the wager that nuclear power giant Exelon is making as it put in a $6.2 billion bid for NRG Energy. If the deal goes through, Exelon would become the nation’s largest power company. Two years ago, NRG declined an offer from Mirant Corp for $8 Billion. The combined Exelon and NRG would be big enough to power nearly 45 million homes with 47,000 megawatts. It would have a diverse power mix and a market capitalization of $40 billion. If…

MondayOct 20, 2008 11:49 am

Intraware®, Inc. (ITRA) to be Acquired by Acresso Software in $27 Million Transaction

Acressa, owned by a private equity firm with offices in Chicago’s Sears Tower and in San Francisco’s Transamerica Pyramid, announced that they have entered into a definitive agreement under which Intraware will be acquired in a transaction valued at approximately $27 million. Intraware shareholders will be paid $4 in cash per share in this deal, which should close in December or January. This represents a premium of approximately 29 percent over the closing price of Intraware’s common stock on October 17, 2008. Intraware makes software similar to that of Acresso, used in tracking and managing software and licenses for products…

MondayOct 20, 2008 11:46 am

Carbon Sciences Inc. (CABN.OB) Gains Key Ingredient for Co2-to-Fuels Process

Carbon dioxide (CO2) is the most significant byproduct of fossil fuel usage and a major greenhouse gas that contributes to global warming. We hear about the dangerous levels of carbon dioxide in our atmosphere on major news broadcasts across the globe. Carbon Sciences is tackling this issue, developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other fuels. The key to Carbon Science’s CO2-to-Fuel approach lies in a proprietary multi-step biocatalytic process. The company's approach is based on a low energy biocatalytic hydrolysis process…

MondayOct 20, 2008 11:45 am

NexMed, Inc. (NEXM) Meets with Food and Drug Administration (FDA) for Vitaros® Product

Vitaros(R), a topical treatment for erectile dysfunction based on the NexACT(R) technology, had been denied by the Food and Drug Administration (FDA) on July 21, 2008. Several points were made in the summary of key regulatory concerns. Those were: Overall Carcinogenicity Assessment, which includes the results from its three, two-year carcinogenicity studies in mice and rats, Assessment of the transfer to the partner of NexMed's NexACT(R) technology, Assessment of transmission of sexually transmitted diseases (STDs), and GMP (Good Manufacturing Practices) Status of NexMed's manufacturing facility. In the meeting with the Food and Drug Administration (FDA) on October 15, 2008, NexMed…

MondayOct 20, 2008 11:44 am

Strategic Diagnostics (SDIX) to Repurchase $3 Million in Common Stock

Today, Strategic Diagnostics announced a program to repurchase up to $3.0 million of the Company’s outstanding shares of common stock from time to time over the next 12 months, dependant on market conditions, share price and other factors, has been approved by the Board of Directors. The repurchases may be made on the open market, in block trades or otherwise. The stock repurchase program will be funded using the Company’s working capital. The Company has cash, cash equivalents and marketable securities of approximately $11 million and approximately 20.4 million shares of common stock outstanding. Strategic Diagnostics Inc. is the largest…

MondayOct 20, 2008 11:38 am

NewCardio (NWCI.OB) Appoints Three New Executives to their Client Services Team

NewCardio is in the business of saving lives while reducing costs. The company is developing a patent pending electrocardiography (ECG) platform technology to dramatically improve the diagnostic accuracy and value of the standard 12 lead ECG for common acute and chronic heart disease. Also, the advancement in 3D technology from NewCardio can stave off errors in interpreting the standard 2D 2-lead ECG. Errors of “major proportions” have been identified in 4% to 32% of ECG interpretations. The NewCardio Client Services Team has three new additions, which will enhance the team’s efforts to provide clients with the high quality service that…

MondayOct 20, 2008 11:37 am

Ben Stein Explains the Credit Crunch and Apologizes for Lack of Foresight

Ben Stein, former Nixon speechwriter and a trusted voice on the economy and financial markets, apologized in a recent blog he posted on Yahoo! In great detail, he explains the ins and outs of the crisis and what went wrong. Ben Stein writes, “It (the subprime mortgage collapse) was extremely similar to the collapse of the Drexel Burnham Lambert junk bond empire. This had caused barely a ripple in the national economy when it fell apart in the early 1990's. I assumed that the same would happen with junk mortgages. So, I assumed, and wrote, things would be fine.” Mr.…

MondayOct 20, 2008 11:11 am

Gas Down Despite Expected OPEC Cuts

Gas prices in the U.S. fell sharply on Monday, as motorists found prices at the pump dropping even further below the three dollar mark. The national average has fallen to $2.92 per gallon, even as OPEC's plans to meet in Vienna on Friday are expected to result in "substantial" oil production rate cuts. Midday trading on Monday saw the price of light, sweet crude for November delivery go to $74.14 a barrel; a far cry from highs reached less than a six months ago. Let us hear your thoughts below:

MondayOct 20, 2008 11:10 am

Markets Calmer – Stocks Rise on Monday

This Monday brought a moment of relief from tension on Wall Street as the Dow rose nearly 200 points during midday trading. As bank-to-bank lending rates continue to taper and the credit markets' earlier suffering begins to fade, investor confidence is making a comeback. While our nation's financial problems aren't over, people are happy to see a relatively calm market as compared to the volatility experienced in the past few weeks. A tempering of the veritable hot-bed of recent panic and frustration is exactly what is needed to occur in order for our system to begin its recovery. Let us…

MondayOct 20, 2008 11:09 am

Bush, Bernanke Now Supporting New Stimulus Bill

It is beginning to look as if another economic stimulus package is in the cards for Americans as President Bush and Fed Chairman Bernanke, previously opposed to the bill, changed their tune and announced support of the idea. "With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate," Bernanke commented. Specific details of the package have yet to be established, but the Bush administration has promised to consider enacting the bill following its passage through Congress. Let us hear…

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