Blog - Page 5006 of 5436

TuesdayJul 31, 2007 7:55 pm

SEC to Crack Down on Fraud

It looks like the Securities and Exchange Commission (SEC) is going to crack down even harder on individuals looking to manipulate the market for their own needs this year, according to this morning's statement from SEC Chairman Christopher Cox to the Banking, Housing and Urban Affairs Committee of the U.S. Senate. "The initiatives underway at the Commission have a common theme: they are aimed at benefiting investors whose returns are dependent on healthy, well-functioning markets," Cox said. "Back in Joseph Kennedy's day, our first SEC Chairman was amazed that ‘one person in every 10' owned stocks. But today, more than…

TuesdayJul 31, 2007 7:53 pm

Valley Forge’s Agreement with NASA Sends Shares up 15 Percent

Valley Forge Technologies Inc. (OTCBB: VLYF) shares are up $1.05, nearly 14 percent, to $8.80, rolling off this morning's news. Today the developer and manufacture of next generation detection and aerospace systems announced it has signed an agreement with NASA in which Valley Forge will provide Attitude Control Instruments to fit NASA specifications. According to the statement, the company's experience with satellite momentum wheels and bearing fields allowed it to produce a composite rotor that is lighter, more stable, and less expensive than currently used metal rotors. "Our aerospace section is rapidly evolving and this venture represents a fantastic opportunity.…

TuesdayJul 31, 2007 7:50 pm

Economic Numbers Have Positive Feelings for Investors

The stock market witnessed a strong morning start, and positive economic data released early this morning could be a driving force leading the stock market's rally this morning. Consumer Confidence Index for July rose this morning by 7.3 compared to June's revised index of 105.3 to 112.6. The level has reached a six-year high as conditions in the job market and business have improved. As the confidence level increased, the Commerce Department reported that consumer spending rose by 0.1 percent in June. The minimal change in June might signal a potential cooling off in spending, as the change in personal…

TuesdayJul 31, 2007 7:44 pm

EMFP, APNN to Merge

Share prices for Emergency Filtration Products (Pink Sheets: EMFP) jumped 23 percent to 32 cents a share today, thanks to the news that the company recently signed a letter of intent to merge with Applied Nanoscience Inc. (Pink Sheets: APNN). According to the deal, Applied Nanoscience will issue around 34 million shares of its common stock and 17 million warrants in exchange for the $45 million outstanding shares of Emergency Filtration. At this point, Applied Nanosciences reportedly has $21 million common shares outstanding, and both companies have warrants or options to acquire additional shares outstanding. As a result of the…

TuesdayJul 31, 2007 7:35 pm

YTB Int’l Announces New Ticker

Shares for YTB International Inc. (Pink Sheets: YTBL) gradually climbed 28.39 percent over the course of the day to $8.05 a share by mid-morning, soaring on the news of its new ticker symbol and the subsequent update of its stock split. According to the announcement, YTB International's Class A common shares will begin trading under the new ticker symbol YTBLA on August 1, 2007, in accordance with the company's recently announced stock reclassification. As a result, each share of Class B common stock will automatically convert into a share of Class A common stock; shareholders will receive two shares of…

TuesdayJul 31, 2007 7:29 pm

Everything’s Bigger in Texas for ERF Wireless

Shares of ERF Wireless Inc. (OTCBB: ERFW) jumped up in mid-day trading after announcing the opening of its first US-BankNet in Texas. Shares of ERFW were up 9 cents (10 percent) to 97 cents per share on volume of just over 382,000 shares. ERFW announced in a press release that its ERF Enterprise Network Services subsidiary has completed certification of the first segment of its US-BankNet system in the State of Texas. The encrypted, enterprise-class wireless and fiber network of US-BankNet will provide contracting financial institutions and large commercial customers in the state with high-speed connectivity to key service providers,…

TuesdayJul 31, 2007 7:28 pm

Chinese Patent Drives SOBM Up the Charts

Shares of Sinobiomed Inc. (OTCBB: SOBM) jumped up in early trading today after announcing that its subsidiary was granted a Chinese patent. Shares of SOBM were up 25 cents (9 percent) to $3.07 per share on volume of just over 554,000 shares. SOBM announced in a press release this morning that Shanghai Wanxing Bio-pharmaceuticals Co. Ltd., the company's 82 percent owned subsidiary, has received the patent grant notice from the State Intellectual Property Office of the People's Republic of China for "a purified recombinant batroxobin with high bioactivity." Natural batroxobin is the world's most prescribed biological anti-bleeding agent, but also…

TuesdayJul 31, 2007 7:23 pm

Early Movers with Big News

As the market's opening bell rings, investors fly out of the gates to begin trading. The major markets are following up yesterday's gains by starting strong again today. The Dow is up 103.72 points to begin this morning, while the S&P and Nasdaq are up 10 and 20 points respectively as of 8:40 a.m. CDT. This should signal similar movements in the microcap markets today as we do have several companies making gains this morning. HealthSport Inc. (OTCBB: HSPO) announced this morning the commencement of production of the latest addition to its offering of edible thin strip products, the Fix…

TuesdayJul 31, 2007 7:21 pm

Biofield Up 76 Percent

Share prices for the Biofield Corp. (OTCBB: BZET) jumped an additional 76.4 percent this morning after rising 40 percent yesterday afternoon, following the recent announcement of its master license agreement with MacKay Group Limited. According to the statement, this agreement grants the MacKay Group an "exclusive, sublicensable royalty-bearing license" to distribute, manufacture, develop and commercialize Biofield's breast cancer technology on the worldwide market. In return, the MacKay Group will pay Biofield a number of royalties based on the gross receipts received by MacKay Group and its affiliates, along with a payment of $1 million for licensing fees. This could be…

TuesdayJul 31, 2007 7:15 pm

Pre-Market Movers to Watch Today

Pre-market movers generally give a good indication of companies whose stock might make dramatic jumps throughout the day. Investors are trying to capitalize on late news from yesterday after markets close by getting a jump on other investors early in the morning. Napster Inc. (Nasdaq: NAPS) today confirmed a marketing campaign with Toshiba America information Systems Inc. Digital Products Division, that will make Napster To Go digital music available to customers who purchase Toshiba Satellite and Qosmio notebook computers in the United States. "Working with Toshiba, which is one of the pre-eminent names in mobile computing and consumer electronics, again…

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