MondayFeb 08, 2010 10:06 am

Unemployment Rate Falls, yet Outlook still Grim

The outlook for jobs became a bit less bleak Friday after the government released January's unemployment rate showing an unexpected decline from 10 percent to 9.7 percent, the first drop in seven months. However, the White House forecasts an average unemployment rate of 10 percent for 2010. President Barack Obama said the drop in the unemployment rate was "cause for hope but not celebration." Obama said the figures show modest progress, but he cautioned that the data will continue to fluctuate for months. In this recession, the job market is still weighed down by little to no hiring due to…

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MondayFeb 08, 2010 10:02 am

Use of Accuray Inc.’s (ARAY) CyberKnife System Continues to Rise

Global leader in the radiosurgery field, Accuray Inc. announced Friday that its CyberKnife radiosurgery has been used in treatment of over 12,000 courses of lung cancer. The rate continues to climb, demonstrated by a 25 percent increase in 2009. CyberKnife offers lung cancer patients a non-invasive treatment to be completed in completed in five or fewer visits, and is both painless and non-surgical. The CyberKnife System uses continual image guidance along with continual correction for respiratory motion, allowing it to deliver high-doses of radiation to the tumor from hundreds of angles with pinpoint precision. Judith, a lung cancer survivor, shares…

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MondayFeb 08, 2010 9:58 am

Unitil Corp. (UTL) Reports Decline in Net Income

Unitil Corp. reported net income of $1.2 million, or $0.11 per share, in the fourth quarter of 2009, down significantly from the $3.2 million, or $0.53 per share, reported for the same quarter of 2008. The company attributed the decline in earnings to adverse weather in its area of business in New England, which resulted in extraordinary legal fees and an accounting charge by state regulatory authorities. Excluding these charges, the company earned $5.1 million, or $0.47 per share, in the fourth quarter of 2009. Bob Schoenberger, the CEO of Unitil Corporation, said, “We had a challenging year in 2009…

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MondayFeb 08, 2010 9:56 am

L&L Energy, Inc. (LLEN.OB) Announces Subcontract Agreement for ZoneLin Coal Coking Operations in Yunnan Province of China

L&L Energy, Inc., a coal-mining company founded in the United States in 1995 serving the Chinese coal market, recently announced that the company has subcontracted the operations of ZoneLin Coal Coking located in Yunnan Province of China through its subsidiary, L&L Yunnan Tianneng Industry Co., Ltd. Through its subsidiaries, L&L Energy operates profitable coal mines, coal wholesale, coking and coal-washing facilities in Yunnan and Guizhou Provinces in China. Under a fixed fee of $1 million for five years, the agreement allows L&L Yunnan Tianneng Industry Co., Ltd to operate ZoneLin's 150,000-ton annual coking facility, including providing the necessary working capital…

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FridayFeb 05, 2010 4:40 pm

Lithium Corp. (LTUM.OB) is “One to Watch”

Lithium Corporation engages in the identification, acquisition, and exploration of mineral properties with a focus on lithium mineralization in Nevada. The Company holds interests in the Fish Lake Valley property, located in west central Nevada; and the Fish Creek Caldera property, located in west-central Lander County, northern Nevada. Founded in 2007, the Company formerly went by the name Utalk Communications, Inc. and changed their name to Lithium Corporation on September 30, 2009. Lithium Corporation trades on the OTC Bulletin Board, and they have their headquarters in Reno, Nevada. On October 9, 2009, the Company entered into a share exchange agreement…

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FridayFeb 05, 2010 3:56 pm

Gen2Media Corp. (GTWO.OB) Launches Newest Software Platform for Emmis Communication Inc.’s NY and Chicago Radio Networks

Video technology company Gen2Media Corp. recently launched the publisher version of its Online Video Platform for the company’s network radio partnerships. Gen2 worked with Emmis Communications to launch the software, and rolled out the platform for Emmis’ flagship stations in New York and Chicago. “Launching our publisher level software for radio marks a groundbreaking achievement for Gen2,” Gen2 CEO Mark Argenti stated in the press release. “We believe that our Online Video Platform continues to set the standard for how video is published and managed, and this new publisher version is the very best of breed for managing content and…

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FridayFeb 05, 2010 2:33 pm

Tsodilo Resources Ltd. (TSD.V) is “One to Watch”

Tsodilo Resources Limited is an international diamond and metals exploration company. They engage in the search for economic kimberlites and metal deposits at their Newdico (Pty) Limited and Gcwihaba Resources (Pty) Limited projects in northwest Botswana. The Company has offices in Toronto, Canada, and Gaborone and Maun, Botswana. They trade on the TSX Venture Exchange. Tsodilo Resources Limited has a 95 percent stake in Newdico, which holds 9,400 square kilometers under 10 diamond Prospecting Licenses. Trans Hex Group, a South African diamond mining and marketing company, holds the remaining 5 percent. Exploration in the Newdico Ngamiland project area is at…

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FridayFeb 05, 2010 2:26 pm

Kulicke & Soffa Industries, Inc. (KLIC) Reports Outstanding Q1 FY 2010 Results

Kulicke & Soffa Industries, Inc. announced Q1 FY 2010 (ending Jan. 2) results yesterday, reporting net revenue of $128.4 million. Known as a pioneering global leader in designing and manufacturing semiconductor production equipment, KLIC is well known throughout the industry for its packaging solutions, die and wedge bonding, as well as a growing range of tools for its core ball bonding products. With a vast wealth of advanced technological process expertise under its belt, the Company is well-positioned to exploit future growth in the semiconductor industry, helping customers to produce next-generation semiconductor products while increasing value for its shareholders. Chairman…

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FridayFeb 05, 2010 2:20 pm

China Runji Cement Inc. (CRJI.OB) Profits from Chinese Rural Economy Stimulus Plan

China Runji Cement Inc., a leading cement producer with a 1 million ton annual capacity located in China’s Anhui Province, announced today that the Company has prospered from the government’s 2010 rural economy stimulus policy, with the price of cement clinker rising $1.46 per ton, or $245,973 extra per month based on current output of 5,600 tons per day. The Central Committee of the Communist Party of China and the State Council issued the first policy document aimed at investing in and subsidizing rural areas, with particular emphasis on allocating budget resources and fixed-asset investments toward rural agribusiness infrastructure that…

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FridayFeb 05, 2010 12:34 pm

NovaBay Pharmaceuticals Inc. (NBY) Realizes Development Goals from Spanish Licensee

The developmental pharmacological world is a game of paying forward. Pay now and reap later. There is very little option until approvals of the US FDA are gained. If, however, the US FDA gives approval, exceedingly large profits can be had. NovaBay Pharmaceuticals Inc., a middle-stage developmental pharmaceuticals company, works to manufacture and market anti-infection products directed primarily (although not exclusively) at preventing infections within a hospital environment. The company works at the molecular level and has solid ties to larger operations that can offer financing and other marketing services. Perhaps the most beneficial aspect that the company brings to…

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