Blog - Page 5230 of 5661

WednesdayAug 01, 2007 4:48 am

Morning Movers for August 1, 2007

History tends to repeat itself, if that’s the case, the good start of the market this morning may not end on a dramatic slide pushing the larger markets into the red. The Dow, Nasdaq, and S&P are all up as of 8:35a.m. CDT, but anything can happen over the course of the day with the market’s recent volatile trend. Nova Measuring Instruments (Nasdaq: NVMI) is following the lead by starting the day off strong. The stock price is currently up 30 cents, or 11 percent, to $3.01 on volume of 81, 230. The jump this morning was caused by news…

WednesdayAug 01, 2007 4:41 am

Hybrid Technologies, Inc. (HYBT.OB) Develops and Implements High-Speed Charger

Hybrid Technologies announced today that it has completed developing and testing a highly advanced rapid charger system. The system was designed to satisfy the needs of NASA and US Military customers. A battery pack comparable to 35-40 kWh can be charged from 0% to 100% within 2.75-4 hours. The system was designed and fabricated at Hybrid’s research center and built to operate at a constant current and pulse charge in various conditions. The company was recently awarded a prestigious contract from the Canadian Federal Government. The new charger system will enable Hybrid to more easily acquire contracts from Federal Fleets. Please…

TuesdayJul 31, 2007 9:41 pm

PetroSun (PSUD.PK) Shares Soar 37.5%

Shares of PetroSun, Inc climbed 37.5% today on light volume following yesterdays news that the Company has executed a Purchase Agreement with Mobile Equipment Services Company of Dewey, Oklahoma to acquire an automated top-drive drilling rig for its Arizona exploration program. The SR-35 will be remanufactured with a depth rating of 5,500 feet. PetroSun anticipates delivery within sixty days. Share your thoughts: PetroSun Message Board

TuesdayJul 31, 2007 9:38 pm

Reed’s Inc. (REED.OB) Announces Exclusive Distribution Agreement with All-Star Distributing

Reed’s, Inc. (REED.OB) announced today that it has entered into an exclusive distribution agreement with All-Star Distributing, a leading distributor of brand name beverages, for distribution of Reed’s brands throughout Central Pennsylvania. Christopher Reed, Founder and CEO of Reed’s, Inc., stated, “All-Star Distributing has been in business since 1975 and has built a strong reputation as a beer wholesaler in Central Pennsylvania. We are tremendously excited to be a part of their expansion into non-alcoholic beverages. All-Star Distributing’s relationships with over 25 leading brand name suppliers, which range from Coors and Yuengling to Gallo and Mike’s Hard beverages, as well…

TuesdayJul 31, 2007 9:33 pm

Wall Street News Alert Puts Edgeline Holdings, Inc. (ELHI.OB) On Watch.

With the world-wide boom in VoIP and IP Telephony, together with its recent acquisition, Edgeline Holdings, Inc. (OTCBB: ELHI) is a new high technology stock that should have aggressive investors watching. Tuesday after the markets closed, this new company, specializing in the area of discovering and acquiring leading-edge niche technologies, issued a press release announcing that it's Beta version of its application layer attack sensor (ALAS), which is a key component of its Secure SIP Technology initiative and addresses the billion dollar VOIP market, will be ready for customer evaluation within 60 days. This technology should excite investors! IP telephony…

TuesdayJul 31, 2007 8:08 pm

Companies on the Move on the Pink Sheets

Several companies on the Pink Sheets are making noise in the markets today, surrounding news or intentions of acquisitions. Oxford Funding Corp. (Pink Sheets: OXFD) may not be acquiring another company, but the company is acquiring a portfolio of under-performing loans at a substantial discount from a U.S. mortgage lender. Evan with the housing market facing serious problems and the mortgage sector in shambles, Oxford believes the acquisition of these under-performing loans might have a potential turnaround to become profitable. Oxford, which plans on receiving $3 million in these under-performing loans, will be receiving these loans at quite a discount.…

TuesdayJul 31, 2007 8:04 pm

Cambridge Display Shares Soar 89 Percent

Shares of Cambridge Display Technology Inc. (CDT) (Nasdaq: OLED) soared throughout the day, closing up $5.47, about 89 percent, to $11.62 at the market's close - easily surpassing the company's 52-week high of $7.88. Cambridge announced today it has agreed to be acquired for $12 per share, an aggregate of $285 million, by its Japan-based licensee Sumitomo Chemical Co. to expand its display material business. "In recent years, Sumitomo Chemical has positioned its display materials business as one of its strategically important business areas and an area of focus for our business resources. P-OLEDs are expected to see considerable market…

TuesdayJul 31, 2007 8:01 pm

Novavax Begins Test on New Vaccine Technology

Share prices for biotech vaccine developer Novavax Inc. (NASDAQ: NVAX) climbed a respectable 8 percent over the course of the day today, thanks to the news that the company has started the first human clinical trial of its vaccine for the pandemic flu virus. According to the latest statement from the company, Novavax has begun vaccinating 230 healthy human volunteers for the trial of its Virus-Like Particle (VLP)-based H5N1 clade 2 pandemic influenza vaccine to determine both the safety and immunogenicity - that is, the ability of any particular substance in a biological system to provoke an immune response -…

TuesdayJul 31, 2007 8:00 pm

IFT Shares up 22 Percent on News of Product Sales

Shares of International Fuel Technology Inc. (ITF) (OTCBB: IFUE) are up 9 cents, nearly 22 percent, to 51 cents this morning, moving on volume of 1.5 million. The flux comes after this morning's announcement Schnuck Markets Inc. has bought IFT's fuel additive, DiesoLIFT 10, for use in its distribution fleet. As a fuel performance enhancement company, IFT developed DiesoLIFT 10 as part its focus of providing its technology to industrial facilities using liquid hydrocarbon-based fuels. DiesoLIFT 10 is applicable to over-the-road, rail, marine and stationary power generations. According to the statement released today, the sale to Schnuck comes after a…

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…

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