Blog - Page 4174 of 5725

ThursdayJul 23, 2009 11:52 am

Bristol-Myers Squibb Company (BMY) Announces Merger with Medarex, Inc.

Bristol-Myers Squibb Company and Medarex, Inc. (NASDAQ: MEDX) were excited to announce that the companies have signed a definitive merger agreement providing for the acquisition of Medarex by Bristol-Myers Squibb for $16.00 per share in cash. Both companies’ boards of directors have unanimously approved the transaction, with an aggregate purchase price of approximately $2.4 billion. Medarex’s projected $300 million in net cash and marketable securities at closing would be an asset acquired by Bristol-Myers Squibb resulting in an implied purchase price of approximately $2.1 billion. James M. Cornelius, chairman and chief executive officer of Bristol-Myers Squibb, stated, “Medarex’s technology platform,…

ThursdayJul 23, 2009 11:23 am

Savoy Energy Corp. (SNVP.OB) Lays Out the Details

Savoy Energy Corp., a Houston based oil and gas company currently focused on the reworking of existing Texas wells, has detailed their plans covering their acquired wells in Gonzales County, Texas, between San Antonio and Houston. Since oil and gas recovery always involves a certain amount of risk in achieving the desired production rates and final recovery goals, even in existing and proven wells, the information is especially useful and welcome to investors who have helped fund the company’s operations. Savoy laid out a wide range of technical specifics regarding the wells, their potential, and the company’s operational plans. •…

ThursdayJul 23, 2009 9:54 am

Holloman Energy Corp. (HENC.OB) Announces Expansion of Executive Management Team

Holloman Energy Corp. announced today that it has appointed Eric Prim to the newly created role of Chief Operating Officer. Mark Stevenson, Holloman CEO, commented, “Eric's extensive management skills and engineering focus make him the perfect man for the job...we are happy to engage him more fully in this work." Eric Prim has been the Vice President of Engineering and Construction of Holloman Corporation since 1997, and part of the company’s Board of Directors since September of 2007. Prior to his involvement with Holloman, Mr. Prim served in senior technical management positions for Huntsman Corporation and Rexene Corporation. Receiving his…

ThursdayJul 23, 2009 9:38 am

Accuride Corp.’s (AURD.OB) Steel Wheels Standard Across America’s Oldest, Privately Owned, Family-Operated Trailer Manufacturer

Accuride Corp. announced earlier today that its powder coated steel wheels will be standard on all trailers produced by Utility Trailer Manufacturing Co. at their five regional manufacturing plants located in Clearfield, Utah; Paragould, Arkansas; Glade Spring, Virginia; Adkins, Virginia and Enterprise, Alabama. The new standard will take effect on October 1st of this year. Stephen Bennett, Vice President of Utility Trailer Manufacturing Co., stated, "Accuride's premium powder coating and light weight are excellent additions to Utility's premium light weight trailers. The powder coated wheels provide improved durability and corrosion resistance and compliment our stainless steel rear frames as standard,…

ThursdayJul 23, 2009 9:32 am

China Aoxing Pharmaceutical Company, Inc. (CAXG.OB) Announces Renewal of GMP Certification

China Aoxing Pharmaceutical Company, Inc., a pharmaceutical company located in China specializing in research, development, manufacturing and distribution of a variety of narcotics and pain-management products, announced this morning that it has received renewal of the Good Manufacturing Practice (GMP) certification for its capsule formulation and packaging production facility. The certificate of compliance was issued after a site inspection by the State Food and Drug Administration (SFDA). GMP compliance guarantees that pharmaceuticals, active ingredients and medical devices are manufactured and quality-controlled in accordance with state-of-the-art standards. According to the National Medicine Administration Law of the People's Republic of China, all…

ThursdayJul 23, 2009 9:25 am

First Resource Bank (FRSB.OB) Gets Hit By FDIC Assessment

First Resource Bank reported a net loss of $32,000 in its second quarter of 2009 earnings report, compared to net profit of $23,000 in the same quarter of 2008. The bank said that the loss was caused by a special assessment imposed by the Federal Deposit Insurance Corporation (FDIC) related to deposit insurance. The assessment totaled $55,000 in the quarter. The bank has a $100 million loan portfolio that is concentrated in four areas - commercial real estate, commercial construction, commercial business and consumer loans. Fifty four percent of its loans are in the commercial real estate area, and 22%…

ThursdayJul 23, 2009 9:21 am

Recon with AGR Diamond Tools (LBUV.OB)

Lean back in your chair for a moment and think why we get so involved with the world’s activities regarding the market. You can probably count several reasons that we all share in one form or another. One reason for this writer is being provided with information that can move the earth like New Zealand just did. Jumping at something and profiting by the time everyone else catches on is the art of successful investing. So in this crazy life of the market, in order for things to be manufactured, there has to be tools to make the items available…

ThursdayJul 23, 2009 9:17 am

Dana Resources (DANR.OB) Acquires Additional Base Metals Project

Dana Resources, a precious and base metals exploration company with offices in the United States and Peru, recently announced the acquisition of the Locroja copper-lead-zinc project, a copper porphyry prospect covering 494 acres located in Southern Peru in the region of Huancavelica in the province of Huaytara. Easily accessible via the Pan American South Highway, the geology of this project consists of volcanic and intrusive rocks, which present a polymetallic occurrence of silver, lead and zinc. Peru is one of the highest producing countries of precious and base metals in Latin America, holding approximately 16 percent of the world's known…

ThursdayJul 23, 2009 7:33 am

Globes Interview with Suspect Detection Systems, Inc. (SDSS.OB)

You look for suspicious responses, but people are different from one another. Maybe a suspect is mentally disturbed, or merely weird? Maybe his response will be different from that of other people of his nationality, because his parents were immigrants? "In such a case, we 'll see a very different response from that of other people of his nationality, but we won 't see an exceptional response to the special words. His responses to all the words will be equally odd." Can a terrorist develop a response to beat the system? "Terrorists don’t know our special words, which we constantly…

WednesdayJul 22, 2009 1:19 pm

Axial Vector Energy Corp. (AXVC.PK) Announces Global Operations LLC as Advisor

Axial Vector Energy Corporation recently announced that Global Operations LLC will begin serving as an advisor and will also be positioned to provide strategic planning and financial access to investors. Axial Vector Energy Corporation, a publicly-traded global solutions provider who owns, develops and licenses advanced internal combustion engine and power generator technologies, is excited to work with Global Operations on forthcoming projects. AVEC focuses on applying technology to develop new, smaller and lighter internal combustion engines that produces significantly greater horsepower on less fuel than conventional engines of similar size. The Axial Vector engines design will comfortably meet the challenges…

Site Search

Company Search