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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:

TuesdaySep 23, 2008 2:34 pm

China Energy Recovery, Inc. (CGYV.OB): Bringing Greater Efficiency to Chinese Coal Plants

During this time of turmoil, there is a great reluctance overtaking many investors, and it can be difficult to draw a positive outlook from the many piles of battered companies. Thankfully, there are always companies like China Energy Recovery ("CER"), whose keen business will be needed and desired no matter what the market conditions present. CER is a Chinese corporation with a progressive technology that strengthens the efficiency of traditional power plants. Electricity is often produced by burning coal to produce steam, which in turn powers a turbine. The problem created by this process is a loss of up to…

TuesdaySep 23, 2008 2:30 pm

Paulson, Bernanke Meet with Resistance During Tuesday’s Congressional Hearing

Attempting to convince Congress of the viability of the $700B bank-bailout, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were met with skepticism from both parties in Tuesday's hearing. Alabama Republican Richard Shelby called the plan "neither workable nor comprehensive," while Democrat Chris Dodd, chairman of the Senate Banking Committee said, "It does nothing in my view to help a single family save a home." Despite the resistance to the proposed bailout, Ben Bernanke warned of the "very serious consequences" of choosing not to enact the plan. Let us hear your thoughts below:

TuesdaySep 23, 2008 2:30 pm

SkyPostal Networks, Inc. (SKPN.OB) is Growing Smoothly in the Midst of a Changing Mail Industry

In recent years, the mailing industry and the businesses they serve have been seeking new avenues to bring into the mailing process in response to multiple events that have impacted this industry. SkyPostal Networks, Inc. (OTCBB: SKPN) is a Miami-based international mail distribution company with much of their focus on Latin America and the Caribbean (LAC). As a new company entering the fast-paced mailing industry, being the new kid on the block may turn out to be one of the biggest advantages for the company. There have been a surprising number of mergers and acquisitions, alliances and agreements, newcomers entering…

TuesdaySep 23, 2008 11:51 am

RedChip Featured Company: India Globalization Capital, Inc. (IGC)

India Globalization Capital, Inc. (IGC) is a construction and engineering company based out of Bethesda, Maryland. IGC has controlling interest in two India-based businesses, Sricon Infrastructure Private Limited and Techni Bharathi Limited, which form its company infrastructure. Interestingly, IGC is the only company listed and traded in the US with an India-only infrastructure. IGC was created to acquire operating businesses in India through mergers, capital stock exchanges, and asset acquisitions. The company focuses on three areas: civil construction and engineering of high-temperature cement and steel plants, mining and quarrying, and the construction of highways and other heavy construction. IGC retains…

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