WednesdayMay 14, 2008 6:14 pm

Acxiom Corp. (ACXM) Sees Cloudy Skies Ahead

Acxiom Corp. (ACXM) posted a loss for the fiscal fourth quarter as costs to lay off workers and close properties ate into results, according to the marketing services company. Acxiom lost $58.3 million, or 76 cents per share, in the three months ended March 31, compared with profit of $5.7 million, or 7 cents per share, in the fiscal fourth quarter last year. The company was squeezed by $107.2 million in costs stemming largely from a restructuring. The company spent $42.9 million to lay off workers and close properties, $13.5 million to close other operations, and $15 million to dispose…

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WednesdayMay 14, 2008 6:12 pm

XO Holdings Inc. (XOHO.OB) Subsidiary Announces Agreement with Smith Seckman Reid to Provide Cost-Saving Network Solution

Founded in 1968, Smith Seckman Reid provides consulting services to more than 500 professionals spanning clients in commercial, sports and entertainment, health, government and education. The company’s international and domestic products range from small renovations to large-scale products exceeding hundreds of millions of dollars. To strengthen its services, SSR has teamed with XO Communications, a subsidiary of XO Holdings Inc. (OTCBB: XOHO), in which XO will provide a nationwide IP-based networking solution to SSR. Per the agreement, XO will provide its Multiprotocol Label Switching (MPLS)-based Internet Protocol (IP) Virtual Private Network (VPN) solution to SSR. “Our existing network wasn't meeting…

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WednesdayMay 14, 2008 6:08 pm

OTCPicks Featured Company: ActionView International, Inc. (AVWI.OB) Sends Letter for Acquisition Transaction

An acquisition transaction has been agreed upon between ActionView International, Inc. (OTCBB: AVWI) and Jim Palmer Trucking, Inc. ActionView announced that the agreement between the two parties came in the form of a letter. At the closing of Tuesday's trading, ActionView's stock increased by 233.33%. Under the terms of the initial agreement, ActionView would acquire all of the issued and outstanding shares of Jim Palmer Trucking, Inc. in exchange for a majority of percentage of ActionView International. This definitive agreement will later outline more details of the acquisition. The content of the letter included a description of additional due diligence,…

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WednesdayMay 14, 2008 6:01 pm

General Electric (GE) To Sell Appliances Unit

General Electric (GE) plans to auction off its appliance business for as much as $8 billion, ending the company's long association with so-called "white goods". With appliance sales getting hit by the slowing U.S. economy and the housing bust, jettisoning the business could help GE reach its long-term goal of boosting profits by at least 10% annually. A sale could also help appease critics who are calling for a more dramatic restructuring of the 120-year-old company, a chorus that grew noisier after GE's surprise first-quarter earnings disappointment and forecast reduction last month. The appliance outfit consists of refrigerators, freezers, electric…

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WednesdayMay 14, 2008 11:35 am

GeoEye Inc. (GEOY) to Launch Satellite August 22nd

GeoEye, Inc. (GEOY) is a provider of space-based and aerial imagery, and geospatial information through both high and low resolution imagery, imagery-derived products, and image processing services to customers worldwide. The company operates a constellation of Earth imaging satellites, along with mapping aircraft, and also has an international network of ground stations. GeoEye's imagery information products enable customers to map, measure, and monitor the earth. The company has a number of both foreign and domestic customers and these include both private companies and government agencies. Some of the applications for their imagery include: national security, intelligence gathering, homeland defense, precision…

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WednesdayMay 14, 2008 11:29 am

WisdomTree Investments, Inc. (WSDT.PK) and Dreyfus Launch Currency Income ETFs

WisdomTree Investments, Inc. and The Dreyfus Corporation, a BNY Mellon Asset Management Company, has established several new ETFs (Exchange-Traded Fund) to be listed on the NYSE Arca. WisdomTree Dreyfus Currency Income ETFs will be listed effective today, Wednesday May 14th. The WisdomTree Dreyfus Japanese Yen Fund will follow and be list on or after Friday, May 16th. By issuing these funds, the companies will seek to earn current income reflective of money market rates available to U.S. investors in the specified country or region, as well seek to provide exposure to changes in the value of a designated non-U.S. currency…

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WednesdayMay 14, 2008 11:14 am

VanceInfo Technologies Inc (VIT) Ranked as the #1 Chinese Offshore Software Development Company

VanceInfo Technologies Inc (NYSE: VIT) announced today that International Data Corporation, IDC, has ranked VanceInfo as #1 among Chinese offshore software development vendors for the North American and European markets, based on 2007 revenues. IDC generates global market intelligence for the Information Technology, telecommunications, and consumer technology markets. VanceInfo provides its customers with a complete range of Information Technology services in five major areas: Platform and Operating Systems, Network and System Management, Database Warehousing and Management, Middleware Systems, and Application Packages. Its vision is to be a top, well-respected, China-based company providing world class, value added, and adaptive IT services.…

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WednesdayMay 14, 2008 8:24 am

Nano-Proprietary, Inc. (NNPP.OB) to Receive Grant from the US Government

The U.S. Department of Energy has selected Applied Nanotech, Inc, a subsidiary of Nano-Proprietary, Inc., to receive a new phase I Small Business Technology Transfer Program grant in the amount of approximately $100,000. The company’s operations currently consist of two wholly-owned operating subsidiaries, but the main focus of the company continues to be the Applied Nanotech subsidiary. It was incorporated in January 1997 and is developing proprietary carbon nanotubes and related technologies. The company’s research is focused in the broad area of carbon nanotube technology and its application to the display, electronics, sensor, medical, and other industries. Nano-Propriety and its…

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WednesdayMay 14, 2008 7:55 am

HotOtc Featured Company: FEED Networks LLC. (SYPJ.OB) Joins with Symposium Productions to Access Digital Entertainment World and the Billions it has to Offer

One of the newest “last frontiers” of the digital age is how to give the entertainment consumer what they want while still taking a slice of the billion dollar entertainment industry pie for your company. The consumer is ahead of the curve, taking their entertainment “wants” for free while cutting several rightful owners of the product out of the loop. How to get the owners back into the loop while adding value to the consumer in a digital age is the question. Answering it is the billion dollar reward. FEED Networks LLC., a newly added subsidiary of Symposium Productions Corp,…

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WednesdayMay 14, 2008 6:18 am

4Kids Entertainment Inc. (KDE) Sees the World from a Child's Point of View

4Kids Entertainment Inc. (KDE), a major provider of children's entertainment and merchandise licensing, sees their job as helping to entertain and engage children during their leisure time. With this goal in mind, they have, through their wholly owned subsidiaries, developed a number of channels to meet it. Headquartered in New York City, 4Kids Entertainment is part of the Consumer Services business sector. They operate internationally and have offices in London, England. They represent some of the most popular children's brands such as Yu-Gi-Oh, Teenage Mutant Ninja Turtles, Dinosaur King, and Cabbage Patch Kids. 4Kids provides domestic and international merchandise licensing,…

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