Blog - Page 4422 of 5662

WednesdaySep 24, 2008 4:38 pm

Actuant Corp. (ATU) Signs Agreement to Acquire Cortland Companies from Investor Group Cortec Group

Actuant Corporation (ATU), based in Butler, Wisconsin, is an industrial company with operations in more than 30 countries. Actuant businesses provide highly engineered position- and motion-control systems and branded hydraulic and electrical tools and supplies. The company employs more than 7,500 people worldwide and, since its creation through a spin-off in 2000, has grown its sales from $482M to over $1.6B and its market capitalization from $113M to $1.6B. Actuant recently announced the signing of a definitive agreement to acquire the stock of the Cortland Companies from an investor group lead by Cortec Group. The Cortec Group acquires high value-added,…

WednesdaySep 24, 2008 1:15 pm

Zaldiva Inc. (ZLDV.OB) is “One to Watch”

Headquartered in Fort Lauderdale, Florida, and trading on the OTCBB, Zaldiva Inc. is a specialty online retailer of new and vintage pop culture collectibles, comic books, and memorabilia. The company markets their unique product line through their retail location in Fort Lauderdale and via their e-commerce website and portal, www.Zaldiva.com. This website works in conjunction with their other websites, as well as with their auction house operations. Zaldiva began selling comics and the collectibles associated with them online back in 2002. They purchased their retail location in 2004; however, they did not officially open it until November 24, 2006. This…

WednesdaySep 24, 2008 1:03 pm

China INSOnline Corp. (CHIO) is “One to Watch”

China INSOnline Corp. (CHIO) is an Internet service and media company focusing on the People's Republic of China insurance industry. Trading on the NASDAQ Capital Market with a current market capitalization of $148 million, the company uses localized websites targeting greater China. They provide, through Soobao, a network portal to their industry website, www.soobao.cn. They offer online automobile, property and life insurance services through this site. Soobao's goal is to raise the national insurance consciousness and reduce the cost of national security in China. They do this by constructing and maintaining their network to integrate and optimize business flow throughout…

WednesdaySep 24, 2008 11:12 am

Emotions Running High Over $700B Bailout

According to a recent poll, 55 percent of Americans do not believe that any taxpayer dollars should go to rescuing private companies, regardless of the effect that their collapse would have on the overall economy. Outrage over the plan proposed by Henry Paulson and Ben Bernanke has been steadily growing, with many citizens believing that it is just another way for the nation's rich to exploit the working class. Indeed, the government bailout would protect the fortunes of the upper one percent, but the real question is one that seems to remain largely unanswered: What sort of long-term effects would…

WednesdaySep 24, 2008 11:10 am

AIG, Fannie, Freddie, and Lehman are Under Federal Investigation

Four of the nation's largest financial institutions, whose collapses have contributed significantly to the need for the pending government action plan currently being discussed in Washington, have also drawn attention from the Federal Bureau of Investigation. The FBI has stated its intent to commence fraud investigations of insurer AIG, investment bank Lehman Brothers Holdings, and mortgage financiers Fannie Mae and Freddie Mac. Limited information regarding the investigations was given, as they are in the beginning stages, but it was noted that senior officers of the financial institutions would come under the greatest scrutiny. Let us hear your thoughts below:

WednesdaySep 24, 2008 11:09 am

Buffett Weighs In on Financial Crisis

In a move that many viewed as indicative of the beginning of a turn-around on Wall Street, billionaire investor Warren Buffett has placed a $5 billion bet on Goldman Sachs; one of the few banking superpowers left standing. Buffett, a trend-setter in the world of finance, commented on his own investment. "I am to some effect betting on the fact that the government will do the rational thing and act properly." In addition, Goldman stated on Wednesday that it would be raising an additional $5 billion in a public stock offering to further increase capital. Let us hear your thoughts…

WednesdaySep 24, 2008 11:08 am

Dollar Sinks – Investors Turn to Gold

In the past, it has been fairly commonplace to witness gold prices rallying between the months of September and December. This year's seasonal move is expected to be magnified by a troubled U.S. dollar, which has caused a reversal in gold's downward trend. There are few, if any, who believe that the value of the dollar has anywhere to go but down. The current national debt (around $9 trillion and growing by several billion daily) is weighing heavily on U.S. currency, not to mention the proposed government bailout that could increase that number by anywhere from $250 billion to $1…

WednesdaySep 24, 2008 11:05 am

NutraCea (NTRZ.OB) Caters to Chinese Baby Food Market Laden with Tainted Milk Worries

While China wrestles with tainted dairy products revolving around a “milk scandal” responsible for the deaths of four Chinese babies and the sickness of thousands more, companies such as NutraCea are addressing health and food needs in other ways. NutraCea’s product line includes nutritious ingredients for human and animal food companies, promoting health and nutrient-dense rice bran products for humanitarian feeding efforts. The company today announced it has received a purchase order to introduce nutritionally-fortified baby cereal into the Chinese market. The products are set to launch in February 2009, and soon after, the company intends for these products to…

WednesdaySep 24, 2008 11:04 am

Dyax Corp. (DYAX) Announces Completion of Biologics License Application with FDA; Moves Forward with Treatment for Life-Threatening Angiodema

Dyax Corp. (Nasdaq: DYAX) focuses on the advancement of novel biotherapeutics, such as those for the treatment of hereditary angiodema (HAE), a rare and potentially life-threatening condition that occurs in about one in every 10,000 to 50,000 people. The condition is associated with swelling in various parts of the body (including hands, feet, face and airway), abdominal pain, and nausea and vomiting. Dyax today announced the completion of its Biologics License Application (BLA) with the U.S. Food and Drug Administration (FDA) for approval of Dyax’s flagship product, DX-88 (ecallantide), for the treatment of HAE. “The submission of the DX-88 BLA…

WednesdaySep 24, 2008 10:18 am

MyECheck, Inc. (MYEC.OB) Inks Agreement with Online Medical Supply Company

This afternoon, MyECheck announced that it has added QuickMedical as a client of its online payment processing service. MyECheck’s unique alternative payment method is the safest and most effective way to process electronic payments, and provides clients with financial access to more consumers than any other payment method. QuickMedical, a medical supply store, offers a large variety of medical equipment and medical supplies. Founded in 1993, the medical supply company currently sells more than 15,000 medical products and continues to add to its growing product line. CEO of MyECheck, Edward Starrs, stated, “Checks processed on the MyECheck processing system are…

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