Blog - Page 4167 of 5436

FridayOct 10, 2008 11:03 am

Saks Inc. (SKS): Large Investor Adds to Position

Saks Inc. (SKS:NYSE) currently operates Saks Fifth Avenue, which consists of 53 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and Saks.com. The company also operates Club Libby Lu speciality stores. Saks, like most other retailers, has run into difficulties in the current economic downturn. The company's recent monthly sales figures are down. The downturn in fortunes for the company has pushed Saks' stock down quite a bit. The 52-week high was just above $23 a share. The stock has just recently touched its new 52-week low around 5 1/2 per share. One major investor seems to have confidence…

FridayOct 10, 2008 10:50 am

Stocks Slide Once Again

The ongoing credit crunch is making its presence felt on Wall Street this Friday. This afternoon's trading is showing heavy losses across the board, with all of the major indexes reflecting decreases of five percent or greater. If these numbers hold, it will mark the end of the worst week of decline in the history of the stock market. Despite much talk of a panic, and often gruesome numbers, the outlook is not totally bleak; a large amount of the perceived panic stems from irrational fear, and a herd mentality. Investors simply need to calm themselves. Let us hear your…

FridayOct 10, 2008 10:49 am

Wells/Wachovia Deal Receives Federal Clearance

Wells Fargo's $11.7 billion purchase of Wachovia Corp. got a green light from federal regulators on Friday, following a hard-fought battle with Citigroup, who backed away from the table on Thursday evening. While still subject to the approval of Wachovia shareholders, Wells Fargo expects the deal to be completed by the end of the fourth quarter. Let us hear your thoughts below:

FridayOct 10, 2008 10:48 am

Bush Attempts to Calm Fears

In a statement given Friday, President Bush said that he is confident in the rescue plan, but that it would need time to take effect. Even as stock markets experienced continued hardship, he stated: "We can solve this crisis and we will." The President went on to express hope that through a joint worldwide effort, stabilization could be achieved. He plans to meet with financial leaders from the U.S., Japan, Britain, Germany, France Italy and Canada this Saturday, in order to further coordinate global efforts. Let us hear your thoughts below:

FridayOct 10, 2008 10:47 am

QuoteMedia, Inc. (QMCI.OB)’s DataFeed: An Invaluable Investment Tool

When it comes to keeping investors up-to-speed with the often overwhelmingly fast-paced world of finance, QuoteMedia is one of the best. The company's comprehensive, intuitive, and completely scalable DataFeed technology offers clients the ability to quickly obtain the vital information needed to stay ahead of the curve. QuoteMedia DataFeed solutions provide top-quality data, with the lowest latency available today; effectively connecting investors to the most pertinent and accurate investing information at the critical times. The company collects, standardizes, and delivers data through three main interconnected ticker plants, strategically located in British Columbia, Texas, and New York. With multiple direct connections…

FridayOct 10, 2008 9:47 am

API Nanotronics Corp (APIA.OB) Reports Record Revenues

API Nanotronics Corp (APIA.OB), formed to develop the next generation of nanotechnology based products, today announced record first quarter revenues of $7.9 million, an 11% increase over the previous year’s first quarter revenues. Gross profits for the quarter increased by 5% over the previous year’s first quarter, as API began to restructure operations and transfer select manufacturing to China. API continues to implement cost-saving consolidation, while investing in the research and development of nanotechnology. The company’s balance sheet remains strong, showing $4.2 million in cash and marketable securities, along with $100,000 in long-term debt. Stephen B. Pudles, API’s CEO, said,…

FridayOct 10, 2008 9:45 am

eLandia International, Inc. (ELAN) To Repurchase Over 1 Million Shares

eLandia International, Inc. (ELAN.OB), a Florida based information and communications technology company, has announced plans to repurchase up to 3% of the company’s outstanding common stock, representing some 1,200,000 shares. The company’s strong cash position (approximately $52 million) and current low share price helped prompt the decision by the board of directors. Pete Pizarro, Chairman and CEO of eLandia, provided further insight into the move, as well as on the company’s direction, “It reflects the confidence that the board and the management have in eLandia as we continue to fulfill our strategic priority of satisfying the growing demand for Information…

FridayOct 10, 2008 7:22 am

MyECheck, Inc. (MYEC.OB) System Reduces Retailer’s Risk and Keeps Incoming Cash Flowing

MyECheck, Inc. (MYEC.OB), a leading electronic transaction processor, utilizes a proprietary and patented system that can be utilized by both storefronts and ecommerce sites. The company’s remotely created checks (RCC) image service is the world’s first Check 21 solution created to process electronic payments. The MyECheck system is actually classified under a different set of rules than traditional ACH transactions. MyECheck is governed under Check 21 law and Uniform Commercial Code (UCC state law), which are more favorable to retailers especially when charge-backs are involved. RCC images can be created and processed through a number of methods. First, clients can…

FridayOct 10, 2008 7:04 am

Axial Vector Engine Corporation (AXVC.PK) Applies Applications that will Lead into the Future

The Portland, Oregon based company Axial Vector Engine Corporation has developed military and commercial applications that are a step ahead of their competition and may make Axial a force to be reckoned with in the near future. Axial owns, develops and licenses a revolutionary suite of internal combustion engine and electric power generation technologies. These technologies are well-positioned to fulfill global engine and energy needs with greater fuel-efficiency, cost effectiveness, versatility, and environmental sensitivity than ever before in a wide variety of applications in commercial, industrial, vehicular, and military sectors. The Axial Vector Engine is an ideal application for dealing…

FridayOct 10, 2008 6:56 am

Hi-Shear Technology Corp. (HSR) Declares $0.50 Cash Dividend on Even Governmental Pyrotechnic Sales

In some markets, there are only a few companies that can really get the job done to tolerances and expectations. These companies attract the best and brightest of employees to develop some of the most exacting products. In a general sense, this is the world of the elite product manufacturer, a manufacturer that generally has a captive customer base desiring a very specific product. Hi-Shear Technology Corp., a pyrotechnic device developer and manufacturer, works to develop and manufacture explosive devices for space and military applications. The company works primarily in space vehicle and military applications but has solid high tolerance…

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