Blog - Page 4292 of 5516

WednesdaySep 17, 2008 3:57 am

Titan Machinery, Inc. (TITN) Discusses Second Quarter and First Half 2009 Results and Increased Outlook for Fiscal Year 2009

Titan Machinery, Inc. (NASD: TITN), the owner and operator of one of the largest networks of full-service agricultural and construction equipment stores in North America, recently reported its financial results for the second quarter of fiscal 2009 ending July 31, 2008. Second quarter revenue increased to $134.9 million from $85.8 million during the second fiscal quarter of last year. Earnings per share for the quarter slipped to $0.19 per diluted share from $0.22 per diluted share for the second quarter one year earlier. For the six-months ended July 31, 2008, revenue increased significantly to $287.5 million from $165.6 million during…

WednesdaySep 17, 2008 3:55 am

Napster, Inc. (NAPS) to be Acquired by Best Buy Co., Inc. (BBY) for $2.65 per Share in Cash

Best Buy Co., Inc. (NYSE: BBY), a multinational retailer of technology and entertainment products and services, and Napster Inc. (NASD: NAPS), one of the most recognized brands in digital music and a leading provider of online music for the consumer market, recently announced that the two companies have entered into a definitive merger agreement for Best Buy to commence a tender offer for all outstanding Napster shares at a price of $2.65 per share in cash. With an aggregate purchase price of roughly $121 million (or $54 million net of approximately $67 million in cash and short-term investments of Napster…

TuesdaySep 16, 2008 5:32 pm

Zynex Inc. (ZYXI.OB): Products for Health, Healthy Profits for Investors?

Zynex is a maker of medical devices for the electrotherapy, stroke and spinal cord injury rehabilitation markets. The company primarily sells its products in the United States. Zynex products are useful for patients suffering from limited mobility resulting from strokes or spinal cord injuries. Zynex products can also be used to treat patients with chronic pain symptoms. The company focuses its sales efforts in two markets: standard digital electrotherapy products for pain relief and pain management. Last month, the Colorado-based company said orders more than doubled, rising 121 percent, compared to August 2007. Zynex received 2,252 orders in August 2008…

TuesdaySep 16, 2008 5:27 pm

Fed Staves off American Intl Group, Inc. (AIG) Demise, Grants $85 Billion Loan for 80% Stake

The Federal Reserve stepped up to defend troubled insurance giant American International Group (AIG) late Tuesday afternoon, helping the firm avert total collapse and certain bankruptcy. According to early reports, the terms of the deal provide AIG with an $85 billion loan in exchange for an 80% stake in the company. Fear of failure at AIG, which has been beset by a massive short-term liquidity crunch due to credit default swaps and the rising cost of capital, caused much consternation on Wall Street in recent days. Unlike Lehman Brothers, which was allowed to expire over the weekend, AIG is widely…

TuesdaySep 16, 2008 12:46 pm

Lehman Bankruptcy Proceedings Commence

Tuesday marked the first hearing of the largest bankruptcy case in the history of the United States. 158-year-old Lehman Brothers Holdings is expected to seek the initial approval of Judge James Peck with respect to asset sales, however, final sales would have to be approved by the court. British bank Barclays has agreed to the purchase of Lehman's core broker-dealer business for approximately $2 billion, after declining to acquire the entire company over the weekend. Given that Lehman was such a big player in commodities, some experts are warning of the adverse effect that Lehman asset sales could have on…

TuesdaySep 16, 2008 12:45 pm

No Change in Key Interest Rate

Even as pressure on the financial markets rose dramatically, the Federal Reserve left the federal funds rate unchanged on Tuesday. This rate determines the interest applied by banks to overnight loans, and, at least for now, will remain at two percent. The Fed has expressed its preparedness to "act as needed to promote sustainable economic growth and price stability", however, refused to concede that the current struggles of the American economy warranted immediate action in the form of a rate-cut. Let us hear your thoughts below:

TuesdaySep 16, 2008 12:44 pm

Oil Drops to $92 Amid Financial Fiasco

As a result of tapered demand, oil fell to around $92 on Tuesday. Fears have been fueled by the current economic crisis affecting many of the nation's financial giants, previously imagined to be infallible. From a retail perspective, nearly all Gulf oil production remains shut down as hurricane season wears on, keeping prices at the pumps above $3.85 a gallon. Experts warn that with so many factors playing into the equation, demand could continue to drop. Since July 11th, the price of crude oil has decreased by more than one-third. Let us hear your thoughts below:

TuesdaySep 16, 2008 12:43 pm

New Generation Biofuels Holdings, Inc. (AMEX: GNB) to Build BioFuel Manufacturing Facility

New Generation Biofuels Holdings' ("NGB") diesel fuel oil alternative is on the brink of reaching commercialization. NGB announced on Monday that it had signed a site lease on the proposed location of its first full-scale biofuel production plant. This critical step is the culmination of more than two years' work on the development and testing phases of the company's environmentally-friendly, enhanced-performance renewable biofuel. NGB has enlisted the help of Chicago development firm ECE Design to design the facility, and noted that development efforts would commence on the site "within the next few weeks". The 25 million-gallon-per-year plant will be located…

TuesdaySep 16, 2008 12:02 pm

Is NewMarket Technology, Inc. (NMKTE.OB) Worth More than Market Value?

NewMarket Technology, Inc. (NMKTE.OB) is a company focused on providing certified integration and maintenance services for name-brand products with an asset-based approach to help clients create a balance between maintaining legacy systems and gaining a competitive edge with the latest technological innovations. Additionally, NewMarket continually seeks to acquire emerging technology to incorporate into its product portfolio to keep ahead of the industry standards. The company has stayed on the cutting edge by focusing its acquisition efforts in new technologies in the homeland security, healthcare, and telecommunications industries. Since 2002, NewMarket has focused on marketing its services in the fastest-growing emerging…

TuesdaySep 16, 2008 11:13 am

Tri-Star Holdings, Inc. (TSHL.PK) Announces Company Has Confirmed Lucky Linda Geologicial Reports, Board of Directors Calls Meeting to Finalize Dividend Details

TRI-STAR HOLDINGS, INC. announced that secondary tests began yesterday and confirm previous assay reports of the company's precious metal reserves in the Lucky Linda Claim. Yesterday, six independent samples produced high concentrations of gold and platinum confirming the company's existing reports on the 160 acre claim in Nevada. The samples themselves were core samples collected by Spooner & Associates to represent independent samples from various locations on site. The samples were in turn processed by Mr. Chastain, the metals analyst, for the purpose of independently verifying existing reports on the claim and estimates of the precious metals reserves there. Mr.…

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