Blog - Page 4422 of 5623

FridaySep 05, 2008 4:08 am

Shareholders Elect Board Members at China North East Petroleum Holdings Ltd. (CNEH) Meeting

China North is an oil production company based in its namesake. The shareholders meeting was held Tuesday at its corporate office in Harbin, China. Those attending included CNEH executives, the company's board of directors, and company shareholders, including lead investor Harmony Capital, which sent two representatives from Singapore and Hong Kong. Newly re-elected until the next annual shareholders' meeting in 2009 are Mr. Wang Hongjun, Mr. Yu Liguo, Mr. Li Jingfu, Mr. Robert Bruce and Mr. Edward Rule. "We are very satisfied with the company's progress since we made our $15 million investment at the end of February 2008," said…

FridaySep 05, 2008 4:03 am

Revlon, Inc. (REV) Announces Plans to Reduce Corporate Debt by $170 Million

Revlon, Inc. (NYSE: REV), a worldwide cosmetics, skin care, fragrance, and personal care products company that delivers the promise of beauty through creation and development, recently announced that the company plans to reduce its debt by $170 million by repaying the $170 million MacAndrews & Forbes Senior Subordinated Term Loan (the “M&F Term Loan”) that matures on August 1, 2009. Management will achieve this debt reduction in two steps. First, the company will use $63 million of the net proceeds from the sale of its Bozzano business in Brazil to repay a significant portion of the $170 million M&F Term…

FridaySep 05, 2008 4:02 am

Isle of Capris Casinos, Inc. (ISLE) Comments on First Quarter Earnings and Property Closure Due to Hurricane

Isle of Capris Casinos, Inc. (NASD: ISLE), a gaming and entertainment company that operates 18 casino properties, recently reported its financial results for the first quarter of fiscal year 2009 ended July 27, 2008. The company’s first quarter net revenues increased by $3.8 million, a 1.4 percent year-over-year gain, which improved the quarterly net loss to $3.6 million from $7.1 million during the first quarter of fiscal 2008. Earnings per share improved from a loss of $0.23 per share to a loss of $0.12 per share. The chief financial officer of Isle of Capris Casinos, Dale R. Black, recently commented…

FridaySep 05, 2008 3:57 am

CytRx Corporation (CYTR): Finding Cures and Profits?

CytRx (CYTR) is a biotechnology company focused on the development of human therapeutic products primarily based upon small molecule molecular chaperone co-induction technology. The company has completed a Phase IIa clinical trial of its small molecule product candidate, arimoclomol, for the treatment of amyotrophic lateral sclerosis, commonly known as Lou Gerhig's Disease. CytRx is awaiting FDA approval to start clinical trials in Phase IIb. The company is also examining the possibility of the aforementioned treatment being used to treat and repair stroke damage, and is working on a Phase II clinical trial of iroxanadine for the treatment of diabetic foot…

FridaySep 05, 2008 3:55 am

AeroGrow International Inc. (AERO): Cultivating Profits?

AeroGrow International (AERO) is a provider of aeroponic garden systems for gardening, cooking and small kitchen appliance, healthy eating, and home and office decor markets on a global level. The company's AeroGarden product line technology allows customers to grow fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round and without using dirt. AeroGrow International was founded in 2002 and is based in Colorado. The company is in the midst of an expanded effort to get the word out about its products to the investment community. Earlier this month, AeroGrow International presented its story to bankers at the…

FridaySep 05, 2008 3:53 am

ZOLL Medical Corp.’s (ZOLL) AutoPulse® Units Installed for the First Time in Canadian Hospital

ZOLL Medical Corporation (ZOLL) develops technologies that help advance the practice of resuscitation. The company provides products for pacing, defibrillation, circulation, ventilation, and fluid resuscitation, such as its Real CPR Help and See-Thru CPR®, which helps clinicians, EMS professionals, and lay rescuers resuscitate cardiac arrest or trauma victims. ZOLL, based in Chelmsford, Massachusetts, markets and sells its products in more than 140 countries, and has direct operations, distributor networks and business partners throughout the U.S., Canada, Latin America, Europe, the Middle East and Africa, Asia, and Australia. ZOLL’s AutoPulse® Non-Invasive Cardiac Support Pump has been installed for the first time…

ThursdaySep 04, 2008 4:21 pm

Coal Stocks Revisited

Coal stocks, like most other commodity-related stocks, have been beaten like a rented mule lately on Wall Street. Many of these stocks, such as Peabody Energy (BTU) and Bucyrus International (BUCY) are down 40% - 50% over the past two months. Is this justified? On a fundamental basis, the drop in coal stocks is not justified. Worldwide demand for steel is expected to grow at 4 to 5 percent over the next several years. This demand is being driven by the industrialization occurring in the emerging markets. This growth rate exceeds the current capacity of both iron ore and metallurgical…

ThursdaySep 04, 2008 4:19 pm

Hoku Scientific, Inc. (HOKU) Subsidiary Signs Major Polysilicon Supply Contract with Solargiga Worth up to $455 Million

Hoku Materials, Inc., a wholly owned subsidiary of Hoku Scientific, Inc. (HOKU), a diversified alternative energy technology company in China, announced this afternoon the signing of a polysilicon supply agreement worth up to $455 million with Solargiga Energy Holdings Ltd., the number two producer of monocrystalline ingots in China. Under terms of the deal, Hoku will deliver polysilicon to Solargiga over a ten-year period beginning in the first quarter of 2010. Solargiga will make an initial $22 million deposit to Hoku in September 2008, and additional prepayments of $21 million by December 20, 2008, $20 million by March 15, 2009,…

ThursdaySep 04, 2008 11:51 am

Comstock Homebuilding Companies Inc. (CHCI) Relieved of Foreclosure Pressures by Regions Bank

Comstock Homebuilding Companies Inc. (Nasdaq: CHCI) functions as a diversified real estate development firm focused on affordable, residential products. The company builds and markets single-family homes, townhomes, mid-rise condominiums and more. The company today announced an agreement with Regions Bank regarding approximately $5.3 million of the company’s $144 million of secured debt as of June 30, 2008. Per the forbearance and conditional release agreement, Comstock will work with Regions with respect to its foreclosure on its real estate assets in Georgia. Regions will relieve Comstock from its obligations on three properties with no deficiency liability post-foreclosure. Christopher Clemente, Comstock's chairman…

ThursdaySep 04, 2008 11:50 am

Satcon Technology Corp. (SATC) Setting the Bar for Solar Technology, Participating in the World’s Largest Rooftop Project

For more than 22 years, Satcon (Nasdaq: SATC) has provided utility-scale distributed power solutions, such as solar photovoltaic (PV), stationary fuel cells, wind turbines and energy storage systems for the renewable energy market. The company today announced it will make history by taking part in the world’s largest rooftop solar photovoltaic power project, to be installed on top of the General Motors car manufacturing facility in Figueruelas, Zaragoz Spain. Designed and built by Clairvoyant Energy, Veolia Environment and the Government of Aragon, the 12-megawatt (MW) system will cover approximately 2 million square feet with a surface area of 183,000 square…

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