Blog - Page 4278 of 5516

WednesdaySep 24, 2008 3:59 am

Angiotech Pharmaceuticals, Inc. (ANPI) Announces Cost Reduction Initiatives

Angiotech Pharmaceuticals, Inc. (NASD: ANPI), a developer of treatments for cancer, arthritis, and other diseases characterized by inappropriate cell proliferation and blood vessel growth, recently announced that the company is considering various initiatives to decrease operating costs and to better structure its business focus, pending continued exploration of alternatives to support the organization’s balance sheet and current capital structure. Angiotech’s senior management team is working to determine if it will be able to consummate the company’s previously announced transaction with Ares Management and New Leaf Venture Partners, or other potential transaction alternatives with Ares and New Leaf. Additionally, the company…

WednesdaySep 24, 2008 3:57 am

RBC Life Sciences, Inc. (RBCL.OB) Names Kaiser to Its Board of Directors

RBC Life Sciences (OTCBB: RBCL) announced that strategic business growth veteran Robert A. Kaiser has joined it board of directors. The news release says his 30 years of executive-level leadership comes to the board “at a time when RBC Life Sciences is focusing on aggressive domestic and international expansion.” "Robert has an impressive entrepreneurial background and strategic experience in profit and revenue expansion and shareholder development that will serve the company as it positions itself moving forward,” said RBC Life Sciences President John Price. “Robert’s expertise will be invaluable as we redouble growth efforts within the United States and abroad.”…

WednesdaySep 24, 2008 3:55 am

Tim Turner is New VP at Western Standard Energy Corp. (WSEG.OB)

Western Standard Energy Corp., (OTCBB: WSEG) has hired Tim Turner as vice-president of its Land division. Starting at Exxon in 1980, Turner’s career spans 28 years through upstream oil and gas and business consulting services in Texas, throughout the United States, and internationally. He worked for Exxon Company, in New Orleans, La., and for Phillips Petroleum in Houston, Texas. For the last 13 years, Turner, a certified Landman, has led the oil industry-consulting firm, Tim Turner & Associates, LLC. Clients there include Gazprom, Pemex, PDVSA and Saudi Aramco, as well as other major, independent and international oil and gas producers.…

WednesdaySep 24, 2008 3:52 am

AVP Inc. (AVPI.OB): Capitalizing on the Popularity of Beach Volleyball

AVP (AVPI) is the owner and operator of the AVP volleyball tour in the United States. The company's operations include establishing and managing tournaments; sponsorship and advertising sales; sale of broadcast, licensing, and trademark rights; sale of tickets, food, beverage, and merchandise at the tournaments; and contracting with players in the tournaments. Several AVP players played for the United States volleyball teams during the recent Beijing Olympics, including gold medalists Misty May-Treanor and Kerri Walsh. Last week, AVP said it received a $3.5 million strategic investment from Meyer Ventures LLC of New York. Under the terms of the agreement, Meyer…

TuesdaySep 23, 2008 5:09 pm

Immtech Pharmaceuticals Inc. (IMM): Working on Cures for Rare Diseases and for Ailing Portfolios

Immtech Pharmaceuticals (IMM) is an early stage biotechnology working on cures and treatments for infectious diseases such as African Sleeping Sickness and Pneumocystis pneumonia (PCP). While these diseases are rare in the developed world, they infect millions, if not billions, of people in the third world, meaning the market for Immtechs products could be nearly limitless at some point. The company is also working on a cure for malaria and sports a strong library of compounds aimed at treating bacterial and fungal infections, along with Hepatitis C. Last month, Immtech reported a surge in fiscal first quarter sales along with…

TuesdaySep 23, 2008 5:07 pm

Basin Water Inc. (BWTR): Quenching the Thirst of the West

Basin Water (BWTR) is a designer, maker and marketer of water treatment systems used by utilities, cities, municipalities, special districts, real estate developers, and other organizations for treating groundwater. Major stocks publicly traded for Basin Water include Aqua America Inc. and American States Water Co. Basin Water is looking to expand nationally, with an eye toward the Southwest, particularly the booming population centers of Southern California and Arizona. The company says those areas are expected to add 12 million in population in the next 20 years. California-based Basin Water makes a market for itself in treating groundwater for consumption, particularly…

TuesdaySep 23, 2008 3:04 pm

After Hours Notes 9/23/08

Buffett buys Goldman stake: Warren Buffett’s Berkshire Hathaway Inc. (BRK-A) will buy $5 billion of perpetual preferred stock in Goldman Sachs Group Inc. (GS) that will pay a 10% dividend. Berkshire will also receive warrants to purchase $5 billion of common stock at $115 per share, exercisable in five years. “Goldman Sachs is an exceptional institution,” said Buffett. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.” Shares of GS are trading $8.45 higher, or 6.8%, after hours at $133.50, after closing at $125.05…

TuesdaySep 23, 2008 2:39 pm

A-Power Energy Generation Systems, Ltd. (APWR) Announces Initial Sales Contract for 2.7MW Wind Turbines

A-Power Energy Generation Systems, Ltd. (APWR), China’s largest provider of distributed power systems and a recent entrant into China’s wind energy market, this morning announced that it has signed a sales contract with China National Control System Corp. (“CACS”) for five 2.7-MW wind turbines for delivery during the fourth quarter of fiscal 2008. These wind turbines are destined for China National’s wind farm projects in Gansu and Inner Mongolia, and will be the first produced at A-Power’s new production facility in Shenyang, China, which has an annual production capacity of 300 2.7-MW turbines and 420 750-kW turbines. “We are excited…

TuesdaySep 23, 2008 2:36 pm

Head of FDIC Calls for Restructured Mortgages

As Congress continued to mull over the proposed $700B relief plan on Tuesday, FDIC Chairwoman Sheila Blair expressed the hope that the acquisition of troubled mortgages "will be a feature of that." So many recent failures in the lending sector has left her and others concerned for the state of the entire housing market. Blair suggested buying delinquent mortgages, and "removing them from the overall pool of mortgages". FHFA director James Lockhart offered another possible solution; less stringent lending standards. By helping more potential homebuyers qualify for loans, he believes that the tumultuous conditions of the mortgage market could be…

TuesdaySep 23, 2008 2:35 pm

GIC Looks to the West – Sees Opportunity

In its first ever annual report, the The Government of Singapore Investment Corp. (GIC) said that it saw plenty of opportunities in America during this time of economic crisis. The GIC, which has around $300 billion in total assets, has agreed to adhere to a voluntary set of standards for sovereign funds, in the hopes that its impending actions would not be seen by Americans as being politically motivated. Said chief investment officer Ng Kok Song, "Problems in the U.S. would present very interesting opportunities in impaired assets." Let us hear your thoughts below:

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