Blog - Page 4268 of 5516

MondaySep 29, 2008 1:39 pm

Wachovia Acquired by Citigroup on Monday

Realizing that it had been beaten like so many others, Wachovia Corp. sold its banking operations to Citigroup on Monday, for the tidy sum of $2.2 billion, or one dollar per share. It wasn't a total victory for Citigroup, however, as the company expects to sustain heavy losses in excess of $42 billion in order to write down Wachovia's damaged $312 billion loan portfolio. The deal was brokered by the Federal Deposit Insurance Corporation. To calm to the fears of Wachovia customers, the FDIC released this statement: "All depositors are fully protected and there is expected to be no cost…

MondaySep 29, 2008 1:38 pm

Foreign Markets Also Feeling the Pressure

The ripple effects of America's credit crisis are beginning to be felt around the globe, as expected. Monday saw the crumbling of several foreign financial institutions as European stocks echoed their American counterparts with heavy losses. Global Insight's chief European economist Howard Archer believes that global financial catastrophes are going to worsen before they get any better. "...the more the turmoil and dislocation continues, the further this could spread," he said, "We live in vicious times." Let us hear your thoughts below:

MondaySep 29, 2008 1:37 pm

Hybrid Technologies, Inc. (HYBR.OB) Gains Popularity in the Carolinas

Hybrid Technologies, one of the premier lithium-ion powered vehicle manufacturers of today, is located in a small town just north of Charlotte, North Carolina. Over the past few weeks, the region has been hit hard with gas shortages; panicked drivers running on fumes, mile-long lines, and even pump-side fights and arrests have been the order of the day. Shipments slowly began to arrive on Monday, but indeed a lasting impression was made. It was a wake-up call for many people in this fast-growing southern city, who never quite took the time to realize the extent of their dependency on gasoline…

MondaySep 29, 2008 1:28 pm

Thorium Power Ltd. (THPW.OB) Secures Agreement with Russian Nuclear Research Facility, a Step toward Regulatory Licensing

Thorium Power Ltd. (OTCBB: THPW) develops non-proliferative nuclear fuel technology and offers comprehensive advisory services for emerging nuclear programs. The company has established long-standing relationships with Russian nuclear entities with expert resources and facilities, and today announced an agreement with Post-Irradiation Examination (PIE), one of Russia’s leading nuclear research facilities. In the press release, the company referred to the deal as a “significant milestone” in which Thorium will have access to world-class nuclear fuel analysis technologies. Seth Grae, Thorium CEO, said the agreement will open doors to further developments. "We are tremendously encouraged by the continued process of testing and…

MondaySep 29, 2008 1:27 pm

Future Now Group Inc. (FUTR.OB) Breaks Old Record; Signs New Clients

Future Now Group Inc. (OTCBB: FUTR) provides software and services to increase online traffic and enhance online marketing optimization. The company’s success stories have been picked up by some of the largest media outlets, and the company today announced it broke its record for new licensing contracts in one quarter - news that is sure to signal more industry recognition. "I'm very proud of our team this quarter. We broke this record with over two weeks remaining in the quarter. We have new records to set and more goals to surpass. I expect to end the quarter strong,” Howard Kaplan,…

MondaySep 29, 2008 1:06 pm

Elray Resources, Inc. (ELRA.OB) is “One to Watch”

Headquartered in Phnom Penh, Cambodia, Elray Resources, Inc. is a junior exploration and development enterprise trading on the OTCBB. Their corporate mission is to become a multi-region, multi-property exploration and production mining company. They have a portfolio of four highly prospective and heavily mineralized mining tenements in Cambodia and Mexico. Their focus now is to source potential and viable projects, conduct geological assessments, and seek joint venture partners to develop these properties. Their 100-percent controlled entity in Cambodia is Angkor Wat Minerals Ltd. Elray Resources' properties in Cambodia total over 15,000 hectares. Cambodia has emerged as a stable and pro-business…

MondaySep 29, 2008 12:34 pm

Superlattice Power Inc. (SLAT.OB) to Potentially Join Forces with Major U.S. Company for Further Development of Lithium Ion Battery Technology

Superlattice Power, Inc. announced today after the bell that it is working towards a partnership with a major U.S. company to achieve advanced development of lithium ion battery technology with partially lithiated anode and cathode technology. Fully lithiated cathode materials with unlithiated anode materials lose their total capacity by huge amounts after just a few preliminary cycles. Although metallic oxide anodes have the potential to hold a charge longer compared to carbonaceous materials, investigated metal oxide anodes suffer large irreversible capacity losses due to the formation of solid electrolyte interfaces (SEI) and irreversible lithium oxide in metallic oxide anode. Dedicated…

MondaySep 29, 2008 11:16 am

Tri-Star Holdings, Inc. (TSHL.PK) Announces the Company Is in Discussions With Autter Augers of Arizona to Begin Extraction Process

TRI-STAR HOLDINGS, INC. announced the Company has negotiated an agreement with Autter Augers, an Arizona mining and security contractor, to man and outfit its mining operation at the Lucky Linda claim in Nevada. As a result of the negotiations, Autter Augers will provide equipment and manpower including two dump bucket cats, two 6 yard dump trucks, two 1 ton trucks, a wash rack and dry rack, and security equipment. Additionally, they will provide two RVs for the employees to stay on property both saving time and money while ensuring the security of the site. Autter Augers is presently preparing the…

MondaySep 29, 2008 9:02 am

Superlattice Power Inc. (SLAT.OB) Has a Detailed Plan to Achieve Mass Production of Batteries

Superlattice Power Inc. (SLAT.OB), located in Mooresville, North Carolina, is a pioneer in creating next-generation, rechargeable lithium-ion batteries. Superlattice will work close with Hybrid Technologies during this development stage. The superlattice structure is a revolutionary hexagonal design structure that accommodates more lithium and more energy. Even the elements and transition metals in the batteries make the company’s cathodes less costly, safer, and more environmentally friendly. Superlattice has developed a six-step project plan to take its technology to a mass-production scale. The first step in the plan is to test and select subcontractors to synthesize the high-capacity cathode materials. The company…

MondaySep 29, 2008 8:50 am

Aehr Test Systems (AEHR) Comments on First Quarter Financial Performance

Aehr Test Systems (NASD: AEHR), a leading supplier of semiconductor test and burn-in equipment, recently announced its financial results for the first quarter of fiscal 2009, ended August 31, 2008. The company reported net sales of $9.7 million for the first quarter of fiscal 2009, an increase of 27 percent from $7.7 million in the first quarter of fiscal 2008 with net income of $865,000, or $0.10 per diluted share, compared with net income of $779,000, or $0.09 per diluted share, for the same period one-year earlier. Income from operations totaled $1.4 million during the first quarter of fiscal 2009,…

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