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ThursdayOct 23, 2008 9:03 am

Unemployment Claims Continue to Rise

Last week's numbers for jobless claims were up by 15,000 to a more-than-expected total of 478,000. Unemployment levels above 400,000 have traditionally been considered a sign of recession. Several large corporations have been announcing heavy job cuts and reductions in hiring, and according to former Fed chairman Alan Greenspan, the job market is only going to get worse. "Given the financial damage to date, I cannot see how we can avoid a significant rise in layoffs and unemployment," he said Thursday. If Greenspan is correct, it could mean more bad news for an already floundering economy. Let us hear your…

ThursdayOct 23, 2008 9:02 am

$50 Oil in the Cards?

Back on July 18th, when many people thought oil prices would continue their meteoric rise, Scott Bleier, president of CreateCapital.com, said: "The commodity trade is over...oil is going to $100 per barrel." As it turns out, Mr. Bleier understated himself. Today, he predicts that by the beginning of 2009, we are going to see fifty dollar oil. Prices on Thursday rose above $67 a barrel as investors prepared for an OPEC production cut. Let us hear your thoughts below:

ThursdayOct 23, 2008 9:01 am

FDIC To Protect Homeowners Against Foreclosure

FDIC chairwoman Sheila Bair appeared before the Senata Banking Committee on Thursday, citing that her agency was working with the Treasury Department to address the problems of so many American homeowners. With third quarter foreclosures jumping 71 percent, and the American people displeased with the main focus of the financial rescue resting on large institutions, people are now looking to the goverment to provide aid to the individual homeowner. The plan would include providing guarantees to lenders who modify loans, allowing individuals to avoid unecessary foreclosures. Let us hear your thoughts below:

ThursdayOct 23, 2008 7:27 am

Hydrogenics Corp. (HYGS) to Deliver Fuel Cells for Back-Up Power in Telecom Centers

Today, Hydrogenics Corp. announced that it will be delivering Fuel Cell Power Modules as well as its power conditioning and controller modules to CommScope Inc. The modules will be used to provide extended run and environmentally friendly backup power systems to leading telecom carriers around the globe. Hydrogenics HyPM fuel cell modules will be integrated in Andrews' EcoPower Integrated Fuel Cell Solution. Daryl Wilson, President and CEO of Hydrogenics, stated, “Hydrogenics HyPM fuel cells deliver the ideal technology for power backup systems. The Proton Exchange Membrane (PEM) hydrogen fuel cells housed in Andrews' secure, weather resistant cabinets, provide a smaller…

ThursdayOct 23, 2008 7:21 am

China Natural Gas Inc. (CHNG.OB) Appoints New Chief Financial Officer

Today before the opening bell, China Natural Gas Inc. announced that it has appointed Richard P.Wu as its CFO, effective immediately. Mr. Wu has over a decade of leadership experience working in both financial and operational positions. He received his Master of Business Administration in Finance from The Wharton School, University of Pennsylvania, and a Master of Justice Administration from Indiana University. In addition, he holds a Master of Law from China University of Political Science & Law. Prior to joining China Natural Gas, Mr. Wu served Tejari World FZ LLC, one of the largest online e-procurement service providers and…

ThursdayOct 23, 2008 6:55 am

Simtrol (SMRL.OB) Provides the Necessary Solutions

Simtrol is a company with a vision that may lead to a dominate position in the healthcare industry by providing efficiency in the operating room and allowing this saved time to equate to saved money in the pockets of patients. Simtrol has embraced the challenge of cutting healthcare costs. Today, hospitals across the country have technology-heavy operating rooms that increase the price of a hospital stay to patients across the United States. Numerous controllable devices, including scopes, arms, lasers, operating tables, lighting, drapes, and teleconferencing technology, are used to conduct critical procedures and display vital information; yet hospitals have lacked…

ThursdayOct 23, 2008 6:18 am

ICP Solar Technologies Inc. (ICPR.OB) Leaps to International Status with Letter of Intent

Vision is an elusive talent for many company managers. It is, in many instances, quite a bit easier to follow the crowd and try to make a company go through traditional channels instead of breaking with the crowd and going a different way. Sometimes the less taken path leads to a dead end, others times it leads to success as paths once again converge. Just because a company is taking a different path does not make it less of an opportunity, only a hidden opportunity. Recognizing the different path and the opportunity it presents is the key, a key that…

WednesdayOct 22, 2008 5:01 pm

Volterra Semiconductor Corp. (VLTR) Announces Positive Third Quarter Earnings

Volterra Semiconductor Corporation (NASD: VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, recently announced the company’s financial results for the third quarter ended September 30, 2008. Third quarter net revenue jumped 62 percent year-over-year to $30.6 million, compared to the third quarter of 2007 and a 7 percent increase over net revenue of $28.7 million for the second quarter of 2008. Non-GAAP net income totaled $6.5 million or $0.25 per diluted share for the third quarter of 2008, a 215 percent increase over non-GAAP net income of $2.1 million, or $0.08 per diluted share for the…

WednesdayOct 22, 2008 4:58 pm

The Fight Zone, Inc. (TFZI.PK): An Investment Opportunity in the Mixed Martial Arts World

The Fight Zone, Inc. (TFZI.PK) is dedicated to developing and promoting the mixed martial arts (MMA) world and their athletes. The company's core focus is set on developing and producing only world-class fighters. The Fight Zone provides complete services including discipline training, strength and conditioning training, management, marketing and sponsorship programs. Mixed martial arts, known mainly as MMA, is a full contact combat sport in which the participants draw from a variety of fighting disciplines including jiu-jitsu, karate, wrestling, boxing, and many others, in order to submit or knockout their opponent. There is no doubt that MMA is easily the…

WednesdayOct 22, 2008 1:15 pm

Tri-Star Holdings, Inc. (TSHL.PK) Divests Amore TV, Appoints Three New Officers

Today, Tri-Star Holdings announced that it has divested Amore TV as part of its corporate restructuring strategy and vision of future growth. By divesting Amore TV, the company has eliminated liabilities and made it possible to focus more attention to its diversifying metals industry division. Tri-Star Holdings believes this move is in the best interest of the company’s progress and shareholder value. Also announced was the appointment of three new officers. These officers were appointed by the company’s board of directors. J. Rocky Hollingshead was appointed to the office of COO, Charles L. Ilvento was appointed CFO, and Scott Spooner…

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