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WednesdaySep 17, 2008 4:01 am

China NE Petroleum Holdings, Ltd. (CNEH) Predicts Steep Revenue Increases by Year-End 2008

A 200-percent increase in net income to $15 million is just one of the positives in a recently released financial forecast from China North East Petroleum Holdings, Ltd. (OTCBB: CNEH). The company, which explores and extracts oil resources in northeast China, also estimates a 133% increase in oil production in 2008 to 623,000 barrels and a 217% increase in expected revenue to $62 million. In addition, the company's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is expected to increase 224% to $41 million, or $1.70 per fully diluted share. For 2008, the estimated range for fully diluted earnings per…

WednesdaySep 17, 2008 3:59 am

ClickSoftware Technologies, Ltd. (CKSW) Mobile Management Services to Be Used by Fortune 500 Field Agents

ClickSoftware Technologies Ltd., a mobile workforce management company, announced earlier this week that it has a big-time client aboard for its suite of services. The unnamed Fortune 500 property and casualty insurance company will use ClickSoftware tools to schedule and dispatch claims representatives (both employees and independent contractors) for its home and vehicle inspections. ClickSoftware's integrated ServiceOptimization Suite includes ClickSchedule, ClickMobile, ClickLocate and ClickAnalyze. Through wireless handhelds, the employees and managers can communicate, providing efficient route location and analytical tools that show many layers of operational data in easy-to-read formats such as job status and job priorities. "As a company,…

WednesdaySep 17, 2008 3:58 am

Active Power, Inc. (ACPW) Receives Its Largest Order from Online Search Engine Provider

Active Power, Inc. (NASDAQ: ACPW) announced that an unnamed global search engine has placed a multimillion dollar order for its uninterruptible power supply equipment. The 12-megawatt sale, intended for delivery before the end of the year, will be deployed at one of the customer's newer data centers to protect against power outages. The order is for twelve 1,200 kVa CleanSource systems, which incorporate flywheel technology. "We continue to see rapid adoption of our flywheel technology particularly among major data center owners and operators who recognize the value proposition and performance benefits inherent with systems of this design," said Active Power…

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:

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