QualityStocks Stock Newsletters Archives - Page 351 of 1818

MondayDec 06, 2010 9:11 am

Hennessy Advisors, Inc. (HNNA.OB) Announces Fully Diluted Earnings per Share of $0.16 for Fiscal Year Ended September 30, 2010

Hennessy Advisors, Inc. announced on Friday fully diluted earnings per share of $0.16 for the fiscal year ended September 30, 2010. Earnings increased over 633 percent versus the prior fiscal year, which were a loss of $(0.03) per share. The increase in earnings is due to assets under management and a reduction in fixed costs. Total assets under management decreased slightly from the beginning of fiscal year 2010 to the end ($923 million on Sept. 30, 2009 to $892 million on Sept. 30, 2010). The average level of assets during the entire year was $903 million. By comparison, during fiscal…

MondayDec 06, 2010 9:06 am

Can Lithium Reserves Support their Rising Automotive Fan Base?

The global market for lithium is valued at more than $4 billion a year, ultimately due to its extensive list of applications, which include batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries are the darling of electronics, and are the most widely used rechargeable battery in cell phones, computers, hybrid-electric cars and electric cars. Many auto manufacturers have taken notice of increasing demand and are working plans to build Li-ion battery-powered vehicles. As such, the market demand for lithium-powered vehicles is expected to grow five times by 2012. Ideally, the U.S. auto industry would have a…

MondayDec 06, 2010 9:02 am

LJ International (JADE) Reiterates Guidance, Highlights Company Expectations

LJ International designs, brands, markets and distributes a full range of jewelry through its ENZO stores in China, distributing to fine jewelers, department stores, national jewelry chains and electronic and specialty retailers throughout North America and Western Europe. On Friday, the company reiterated its fourth-quarter guidance for the fiscal year ended December 31, 2010. The company expects revenues to total approximately $42.5 million in the fourth quarter, an 8 percent increase from the year prior. LJ International said it expects fourth-quarter net income of approximately $3.8 million, or $0.13 per fully diluted share, up 44 percent on a per-share basis…

FridayDec 03, 2010 4:30 pm

RadNet, Inc. (RDNT) Completes Handful of Acquisitions to Increase Market Reach

RadNet Inc. is a national leader through its high-quality and cost effective fixed-site outpatient diagnostic imaging services. The company recently announced it has completed the acquisition of five imaging centers in Northern New Jersey, as well as a 50 percent stake in a sixth center, from Progressive Health LCC. Friday's announcement stems from a previous announcement in the third quarter of 2010, in which RadNet announced it signed an agreement to acquire substantially all of the New Jersey businesses of Progressive Health and related entities. RadNet will retain two key executive positions of Progressive Health to serve in management roles…

FridayDec 03, 2010 2:29 pm

Ivanhoe Energy Inc. (IVAN) Updates Drilling Program in China

Ivanhoe Energy Inc. reported that the company has reached total depth on two oil and gas wells being drilled on its properties in China. The wells are being drilled by Sunwing Energy Ltd., a wholly owned subsidiary of the company. Ivanhoe Energy Inc. said that the Zitgong-1 well reached a total depth of approximately 14,000 feet and was targeting the Xu2 formation. The company has cased and cemented this well. Ivanhoe Energy Inc. said that the Yixin-2 well reached a total depth of approximately 13,600 feet and was targeting the Xu3 formation. The company is placing casing into the Yixin-2…

FridayDec 03, 2010 2:25 pm

Cell Therapeutics, Inc. (CTIC) Files Appeal on FDA Decision for Pixantrone

Cell Therapeutics, Inc. (“CTI”) has filed a formal appeal with the Office of New Drugs in the U.S. Food and Drug Administration's Center for Drug Evaluation and Research to contest the decision from earlier this year on CTI’s New Drug Application (“NDA”) for pixantrone as a therapy for relapsed/refractory aggressive non-Hodgkin's lymphoma ("NHL"). CTI had requested accelerated approval of its pixantrone NDA for a patient group as there are no drugs currently approved in this clinical setting. A portion of the Office of Oncology Drug Products’ requested Complete Response Letter stated that CTI's prior clinical trial, PIX301, did not demonstrate…

FridayDec 03, 2010 11:53 am

Encompass Digital Media to Acquire Ascent Media Corp.’s (ASCMA) Content Distribution Business

Encompass Digital Media, a US-based digital media services provider, today announced it will purchase the global content distribution business of Ascent Media Corp. for approximately $113 million in cash and assumption of about $7 million in debt. The acquisition will create a leading global provider of critical outsourced media services to cable channels, broadcasters, media companies and others. The transaction will also greatly expand Encompass' scale and geographic footprint by combining its core operations in Los Angeles and Atlanta with Ascent's broadcast facilities in New York, Minnesota, Burbank, Singapore and London. The company will benefit from a high quality and…

FridayDec 03, 2010 11:42 am

“Bernie” Rice Joins Madison Ave. Media (KHZM.OB) Advisory Board

Madison Ave. Media, Inc., provider of advanced digital media marketing and communication solutions, announced today that James Bernard “Bernie” Rice has joined its Advisory Board. After starting with IBM, where he held increasingly senior level positions in sales and finance, Mr. Rice became Vice President of Business Development for IBM’s Consumer Division. Here he began a distinguished career in the development of breakthrough online research and learning platforms, including the formation of Riverdeep, Inc., an IBM spin-off, helping to make it the fastest growing educational software company in the nation, now serving approximately 45,000 schools in over 20 countries. In…

FridayDec 03, 2010 10:51 am

GigaMedia Ltd. (GIGM) Video Chart for Friday, December 3, 2010

GIGM was poised to move in October but fell through the base and dropped 50 cents to the $1.40 area. A reversal appears to be in the making from these levels and technical traders should be on alert for a possible move through resistance and the 20 day simple moving average. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

FridayDec 03, 2010 9:43 am

BioNeutral Group Inc. (BONU.OB) Elects Dr. Andy Kielbania to Board of Directors

With headquarters in New Jersey, BioNeutral Group is a specialty technology-based life science company that has developed a unique technology platform that neutralizes harmful environmental contaminants, toxins and dangerous micro-organisms which include bacteria, mold, fungi and spores. Today, BioNeutral announced the addition of Dr. Andy Kielbania to their Board of Directors. Dr. Kielbania has over 35 years experience in the field and is a renowned name throughout the sector. Dr. Kielbania joined BioNeutral in 2005 as their Chief Science Officer after a distinguished career as an inventor, researcher and developer. When asked what this move will mean to the future…

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