Blog - Page 4371 of 5617

MondaySep 29, 2008 4:01 am

How Did US Financial Institutions Get Themselves Into Such a Mess?

One of the biggest mistakes that executives running the major US financial institutions made is a simple one. It's a mistake even a novice investor wouldn't make. They assumed that all US assets would always go up and never down - a perpetual bull market. To make money off of this "fact", Wall Street created all types of strange, new derivative instruments. Wall Street sold these derivatives, making hundreds of millions of dollars in the process. Wall Street ignored all warnings about these derivatives. One of the most famous of these warnings was delivered in 2003 by famed investor, Warren…

SaturdaySep 27, 2008 6:34 am

Nuvelo, Inc. (NUVO) Discusses Merger Agreement with ARCA Biopharma

Nuvelo, Inc. (NASD: NUVO), a privately held biopharmaceutical company developing genetically targeted therapies for heart failure and other cardiovascular diseases, announced that the company has entered into a definitive merger agreement with ARCA Biopharma, Inc. The merger of the two companies is expected to create a biotechnology organization with a near-term commercial opportunity named Gencaro (bucindolol hydrochloride), as well as a mid-stage pipeline asset (a novel, short-acting anticoagulant NU172) to drive long-term growth. Dr. Ted W. Love, chairman and chief executive officer of Nuvelo, commented on the merger stating, "We believe this combination brings both immediate and longer-term value to…

SaturdaySep 27, 2008 6:33 am

SEDONA Corp. (SDNA.OB) Helps Bank Marketing Efforts in Current Down Economy

SEDONA Corporation (OTCBB: SDNA), a provider of customer and member relationship management for financial services organizations, reports that its CRM solution, Intarsia, is helping them retain and grow customers. In a news release, SEDONA points to the success of Central Bancshares, an independent bank in central Kentucky. The bank, with 100,000 customers, saw revenues and earnings increase in the first half of 2008, based partly on programs and initiatives organized through Intarsia. The Intarsia system can, for example, help existing customers by letting banks know when their timed deposits mature. That in turn that allows bank officers to contact them…

SaturdaySep 27, 2008 6:32 am

ASAT Holdings Ltd. (ASTTY.OB) Reaches 20 Twenty Years as a Semiconductor Packaging Service

ASAT Holdings Ltd. announced it has reached the 20-year landmark as a company providing semiconductor package design, assembly and test services. "From the beginning of our existence, ASAT focused on being an advocate for the semiconductor packaging, assembly and test technologies industry," said Tung Lok Li, acting CEO of ASAT. "Looking ahead, we remain committed to our corporate legacy of providing our customers with the service and solutions they require for another 20 years and beyond." ASAT has been an industry innovator for the semiconductor packaging and assembly market. This includes being the first to introduce the Leadless Plastic Chip…

SaturdaySep 27, 2008 6:30 am

Navarre Corp. (NAVR) Subsidiary Debuts HOYLE 2009 Games and Hoylegaming.com

Encore Software, a wholly owned subsidiary of Navarre Corporation (NASDAQ: NAVR), announced the launch of the 2009 edition of HOYLE online games, as well as the new www.hoylegaming.com Web site. "HOYLE games' popularity began over 200 years ago and although the rules have not changed, the way people enjoy games has," said Cal Morrell, Encore Software President. "By combining classic games with new technology, we have taken the HOYLE brand to the next level." The new games include HOYLE Card Games 2009, HOYLE Casino Games 2009 and HOYLE Puzzle & Board Games 2009. All are available for Mac and Windows…

SaturdaySep 27, 2008 6:29 am

Journal Communications Inc. (JRN): A Media Darling?

Journal Communications (JRN) is a publishing company operating in the printing services, broadcasting and publishing segments. Its flagship newspaper is the Milwaukee Journal Sentinel, and the company owns 49 community newspapers and shoppers throughout Florida and Wisconsin. The broadcasting segment operates 35 radio stations and 11 television stations in 12 states, as well as the operation of a television station under a local marketing agreement. JRN's Printing Services segment offers a range of commercial printing services, including printing of publications, professional journals, and documentation material. As media transforms from print to digital, Journal Communications has shifted its focus toward broadcast…

FridaySep 26, 2008 6:47 pm

Perfumania Holdings Inc. (PERF): Looking to Rebound after a Disappointing Quarter

Perfumania Holdings (PERF) operates as a wholesaler and retailer of designer perfume and fragrances. The company also offers bath aides and skin care products for men, women and children. Perfumania primarily markets its products through the Website Perfumania.com. On Friday, the company warned investors same-store sales and earnings for October 2008 will fail to meet expectations due to a weak U.S. economy. The company also said it will reduce the number of new stores it opens in 2009. Perfumania opened 56 new stores in fiscal 2008. Slumping sales in August and September, inventory reductions at the company's recently acquired Model…

FridaySep 26, 2008 1:35 pm

ViewCast Corp.’s (VCST.OB) HD Video Capture Card Captures Award for Streaming Media Magazine’s Readers’ Choice Award

ViewCast Corp. (OTCBB: VCST), a designer, manufacturer and marketer of hardware and software solutions for live video streaming and video-on-demand (VOD) delivery over IP and mobile networks, today announced its Osprey-700e HD video capture card has been named the winner of Streaming Media Magazine's 2008 Readers' Choice Award in the Encoding Hardware category. The company’s product beat out more than 200 different products and services from 150 countries; the votes were cast by Streaming Media readers set to choose the industry’s most innovative streaming solutions. According to Eric Schumacher-Rasmussen, editor of Streaming Media magazine, ViewCast faced strong competition within the…

FridaySep 26, 2008 1:34 pm

Memory Pharmaceuticals Corp. (MEMY) Announces Completion of Phase I Ascending Dose Study to Fight Alzheimer’s

According to the Alzheimer’s Association, approximately 5.2 million Americans are living with Alzheimer’s. Someone develops Alzheimer’s every 71 seconds, and it is the sixth-leading cause of death. To fight the mental, physical and emotional devastation this disease causes individuals, family and friends, Memory Pharmaceuticals Corp. (Nasdaq: MEMY) is focused on developing innovative drugs for the treatment of debilitating CNS disorders that may impair memory and other cognitive functions, including Alzheimer’s disease and schizophrenia. The company today announced the completion of its phase I multiple ascending dose study of R4996/MEM 63908. The study is the fourth and final study involving health…

FridaySep 26, 2008 1:13 pm

SkyPostal Networks, Inc. (SKPN.OB) to Create Growth through Acquisition

A common trend these days within the international mail and parcel industry is that of mergers, acquisitions and strategic partnerships between long-standing companies. One of these companies is SkyPostal (OTCBB: SKPN), based out of Miami, Florida. Earlier this year, when the company began trading on the public markets, Albert P. Hernandez, President and CEO of SkyPostal, stated, "Going public through this merger is the next step in our evolution, as SkyPostal strives to become the dominant mail distribution company in Latin America, the Caribbean and Mexico ('LAC'). SkyPostal has been active since last year already acquiring Spring Global Mail Latin…

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