Blog - Page 5192 of 5632

MondayAug 06, 2007 8:53 am

Morning News Monday August 6th 2007

General News: - Oil prices fell, extending a decline prompted at the close of last week by news of a cooling U.S. job market. Light, sweet crude for September delivery fell $1.17 to $74.31 a barrel in electronic trading on the New York Mercantile Exchange, afternoon in Europe. - A gauge of energy producers in the S&P 500 retreated 2.6 percent and contributed the most to the decline in the overall index. - Chrysler LLC named former Home Depot Inc. Chief Executive Officer Robert Nardelli as CEO, demoting Tom LaSorda, as new owner Cerberus Capital Management LP takes control of…

MondayAug 06, 2007 8:52 am

News Around The Bulletin Boards

Companies’ earnings reports often generate a buzz in the marketplace whether the reports provide positive results or potentially downward pointing earnings. Commerce Planet Inc. (OTCBB: CPNE) reported preliminary revenues and operating income for the second quarter of 2007. Profits are believed to have increased by 48 to 55 percent year over year and generated an increase in the company’s share price of 7 cents, or 9 percent, to 89 cents on the day. In other earnings news, Fremont Michigan InsuraCorp Inc. (OTCBB: FMMH) earnings didn’t have quite the same effect as Commerce Planet. The earnings report drove the company’s price…

MondayAug 06, 2007 8:37 am

Petrosun, Inc. (PSUD.PK) Share Prices Increase 27.3% Monday Morning

Earlier this morning, shares traded at $0.28 for a 27% increase above Friday’s close. The stock is currently in an upward trend as it has risen from $0.155 to $0.28 for a 81% increase in the past 6 trading days. Petrosun is a diversified energy company specializing in the discovery and development of both traditional fossil fuels and renewable energy resources. The present and future market for oilfield services is extremely favorable as the worldwide demand for crude oil and natural gas increases each year. Please share your thoughts: PetroSun Inc. Message Board

MondayAug 06, 2007 7:14 am

MN1 Covering the Dallas auditions of American Idol

Market News First (www.mn1.com) sent field reporter Megan Eaks to Texas Stadium today to film the frenzy surrounding the American Idol auditions. Capturing the demographic and the heart of the 40 million viewers is a constant media pursuit. At MN1.com we have written several articles on small-cap company CKXE, the company behind the scenes, as part of our normal market coverage of stocks under $1 billion market cap. Stay tuned for additional coverage of the Dallas auditions and analysis of the stock as we think this is a unique way to anticipate the upcoming American Idol season. CKX Inc. (NASDAQ:…

MondayAug 06, 2007 7:01 am

Wall Street News Issues Trade Alert for Monogram Energy, Inc. (MGRA.PK)

After the market closed on Friday, Monogram Energy announced that it has obtained rights to workover the Mobhun 1 well in Pecos County, Texas. Mobhun 1’s last production was in 1998 when it was shut down because of the low oil prices. The Company's analysis of the well and its reserves anticipate it should produce approximately 150-250 barrels per month. The CEO of the company stated, “With our second well acquisition announced today, management feels confident that we will meet our goal of 50 additional wells for our Workover Program by year's end. We will continue to identify and procure…

MondayAug 06, 2007 6:29 am

Investors Skeptical as Economic Numbers Point To Slowdown

Ben Bernanke and the rest of the Federal Reserve are scheduled to meet tomorrow morning, and the overall consensus is that the Fed will keep the interest rate steady at 5.25 percent. Volatility and concerns surrounding the stock markets and the consumer debt levels have several investors believing the fed should lower rates by years end. The November fed funds contract shows a 100 percent probability the central bank will cut its target rate to 5 percent by its Oct. 31 meeting, compared with 14 percent odds on July 23. Thoughts providing the general consensus include the worries over the…

MondayAug 06, 2007 6:18 am

TCAR & HAIN Teaming up to Take Care of Babies

Shares of TenderCare International Inc. (OTCBB: TCAR) jumped up today after news about its acquisition by The Hain Celestial Group Inc. (Nasdaq: HAIN) surfaced. In early trading today, TCAR was up 3 cents (6 percent) to 44 cents per share. HAIN slipped down 21 cents (1 percent) to $27.20 per share in early trading today. TCAR announced the signing of a letter of intent to sell all of the outstanding shares of stock to HAIN for 45 cents per share in cash. As of December 31, 2006, there were 7,454,582 shares of TCAR common stock outstanding. The total value for…

MondayAug 06, 2007 5:15 am

Global Resource Corp. (GBRC.PK) Recently Recognized by the U.S. Department of Energy

Global Resource was recognized by the United States Department of Energy in June as a company that has the potential to make hundreds of years of oil available. The company’s patent pending technology produces energy in an economical and environmentally friendly way when applied to various natural and synthetic materials. Global Resource’s technology has been proven in laboratory conditions. The technology applies high frequency microwaves to shale, tar sands, residual oil, coal, and other resources, to heat and gasify hydrocarbons. The process is performed in a closed-loop vacuum which does not emit harmful pollutants, unlike other petroleum production processes. The…

MondayAug 06, 2007 4:45 am

eBenefits Direct, Inc. (EBFD.PK) Subsidiary Launches New Call Center in the Dominican Republic

eBenefits announced that its subsidiary, L.A. Marketing Plans, LLC, recently launched a new Call Center in the Dominican Republic, which will market and sell the RightHealth programs to consumers throughout the United States. The new call center will also reach out to the Hispanic market by using its developed marketing strategies and advertising campaign. In 1998, Nearly one-third of all Hispanics and one-fifth of all African-Americans in the United States had no health insurance, compared with 12.2% of Caucasians. The total number of Americans without health insurance was 42.3 million, or 15.8% of the population Randy Schleger, President of eBenefits…

MondayAug 06, 2007 4:27 am

Intelligentias, Inc. (ITLI.OB) Global Expansion now Includes the U.S.

Intelligentias announced this morning that it has secured a license from its first customer in the United States. The company and its subsidiary’s main focus have been on sales efforts in Europe, Africa, and the Middle East, but the new $1.3 million dollar license broadens the focus to have a presence in the U.S. market. Intelligentias Chairman Ian Rice stated, “The licensor is a technology company which has a dominant presence in the US. The securing of this contract is an excellent introduction to the US security sphere and hopefully serves as an indication of the need and demand for…

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