Blog - Page 4196 of 5438

ThursdaySep 25, 2008 9:13 am

Goldman Sachs Group, Inc. (GS) Gets $5 Billion from Buffett

Goldman Sachs Group, Inc. (NYSE:GS), one of only two major Wall Street investment banks left standing (the other being Morgan Stanley), has attracted the interest of one of the world’s top investors, Warren Buffett, to the tune of $5 billion. On Wednesday, Buffett agreed to purchase $5 billion in preferred Goldman stock. Buffett also secured the right, not the obligation, to purchase $5 billion more in common stock. In a CNBC interview, Buffett said that he’d been approached by Lehman and other investment banks over the past few months, but decided to go with what he considered the best firm…

ThursdaySep 25, 2008 7:41 am

Petrosearch Energy Corp. (PTNL.OB) Expects Full Flood Installation at Texas Site by 2008 Year-End

In the natural resources exploration and development game, all the testing and exploration in the world is of little use unless the end-product can be extracted at a profitable cost/price ratio. For the most part, achieving this ratio requires excellent planning and execution to maximize yield and minimize cost. From an investment perspective, a management team with a valid, long-term plan and the capacity to make it work is required. An investor who can find such a team, and company, with development prospects is an investor who will most likely profit. Petrosearch Energy Corp., an oil and gas exploration and…

ThursdaySep 25, 2008 6:43 am

XsunX Inc. (XSNX.OB) Says Congressional Passage of Solar ITC Legislation ‘Significant’

California-based XsunX Inc. (XSNX.OB) is a thin-film photovoltaic company. The company has focused on the development of thin-film amorphous technologies and products due to the inherent advantages of amorphous silicon over other solar absorbers. XsunX stated that the passage of solar ITC legislation by the U.S. Senate earlier this week was significant. The company also said that the adoption earlier this month of the California Public Utilities Commission call for energy efficient homes by 2020 is an important regulatory action. XsunX CEO Tom Djokovich noted that the extension of the solar tax credit is a huge bonanza to the solar…

ThursdaySep 25, 2008 6:41 am

GreenChek Technology Inc. (GCHK.OB) Turns Heads of Investors and Helps Environment

GreenChek Technology Inc. is working hard for the environment and making a splash on Wall Street. The company has developed a proprietary, hydrogen-generating system that helps internal combustion engines burn fuel more cleanly and efficiently. GreenChek actually has two systems that have been making national news for the young company. Those two systems are: The Onboard Hydrogen Generation (OHG) and the ERD 1.0 system. The Onboard Hydrogen Generation (OHG) system produces and then injects hydrogen gas into a regular internal combustion engine. Hydrogen enhances the combustion process by allowing a more complete fuel burn while significantly reducing harmful emissions typically…

ThursdaySep 25, 2008 6:38 am

Adept Technology Inc. (ADEP) is Very Adept at Robotics

Adept Technology Inc. is a global provider of intelligent robotics systems and services. Trading on the NASDAQ Global Market, they enable their customers to achieve precision, speed, quality, and productivity in their assembly, handling, packaging, testing, and other automated processes. Headquartered in Livermore, California, the company began in 1983, and they are the largest United States-based manufacturer of industrial robots. Adept's product portfolio consists of high-performance motion controllers, industrial robots, application development software, vision-guidance technology, configurable linear modules, and high-reliability robot mechanisms. The company provides their robotic systems and services to the packaged goods, medical, disk drive/electronics, and solar markets.…

ThursdaySep 25, 2008 6:14 am

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) Continues Momentum from Yesterday; Up 17.46%

Brite-Strike Tactical Illumination Products, Inc. (BSTI.PK) shares are currently trading 17.46% higher than yesterday's close with 27,000 shares traded. Yesterday the stock closed up 26% on volume of 315,216, which was significantly greater than the 3 month average volume of 264,312. Investor attention was drawn to Brite-Strike after Flaherty Financial News announced its opinion that the company is an even bigger bargin at current share prices. Let us hear your thoughts: Brite Strike Tactical Illumination Products, Inc. Message Board

ThursdaySep 25, 2008 5:54 am

Contracts worth $16.2 Million Go To China Sun Group (CSGH.OB) Subsidiary

China Sun Group High-Tech Company (OTCBB: CSGH) announced that its wholly-owned subsidiary, Dalian Xinyang High-Tech Development Co. Ltd. ("DLX"), has entered into two one-year contracts with Shenzhen Haoran Battery Co., Ltd. The two purchase and sale agreements, together worth about $16.2 million in revenues, will supply Haoran Battery with 20 tons of lithium cobalt oxide and 20 tons of lithium manganese oxide per month beginning this November. DLX has the second largest cobalt production capacity in China, according to the China Battery Industry Association. DLX will provide the lithium cobalt and lithium manganese, which will be used in the manufacture…

ThursdaySep 25, 2008 5:45 am

‘Lower 48’ Domestic Oil Deposits Much Larger Than Previously Thought

Earlier this year the United States Geological Survey, a government department, released a report that said the area known as the Bakken Formation in North Dakota and Montana could yield between 3 to 4.3 billion barrels of oil. That is 25 times more than the USGS had estimated in 1995. In contrast, ANWR is estimated to have a recoverable yield of about 11 billion barrels of oil. "New geologic models applied to the Bakken Formation, advances in drilling and production technologies, and recent oil discoveries have resulted in these substantially larger technically recoverable oil volumes," a USGC news release states.…

ThursdaySep 25, 2008 4:35 am

Axial Vector Engine Corp. (AXVC.PK) Gaining Momentum Due to Recent Report

Axial Vector Engine Corporation (OTC: AXVC.PK) owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. By developing these novel technologies, Axial Vector™ has the ability to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The company has seen steady growth over the years, but not until now have they received substantial attention. Recently, The Green Baron Report issued a summary saying they believe Axial Vector will begin to move up literally any day now. During…

ThursdaySep 25, 2008 4:06 am

Pozen Inc.’s (POZN) Chief Executive Officer Presents at UBS Global Life Sciences Conference

John R. Plachetka, the chairman and chief executive officer of POZEN Incorporated (NASD: POZN), a pharmaceutical company committed to developing therapeutic advancements for diseases with unmet medical needs, presented earlier this week at the UBS Global Life Sciences Conference in New York, New York. The company’s research and development efforts are focused primarily on the development and commercialization of pharmaceutical products for the treatment of acute and chronic pain and other pain-related conditions. The company focuses on providing therapeutic advancements that can improve efficacy, safety, and/or patient convenience. POZEN currently has development and commercialization alliances with GlaxoSmithKline for Treximet™, a…

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