ThursdayOct 23, 2008 9:01 am

FDIC To Protect Homeowners Against Foreclosure

FDIC chairwoman Sheila Bair appeared before the Senata Banking Committee on Thursday, citing that her agency was working with the Treasury Department to address the problems of so many American homeowners. With third quarter foreclosures jumping 71 percent, and the American people displeased with the main focus of the financial rescue resting on large institutions, people are now looking to the goverment to provide aid to the individual homeowner. The plan would include providing guarantees to lenders who modify loans, allowing individuals to avoid unecessary foreclosures. Let us hear your thoughts below:

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ThursdayOct 23, 2008 7:27 am

Hydrogenics Corp. (HYGS) to Deliver Fuel Cells for Back-Up Power in Telecom Centers

Today, Hydrogenics Corp. announced that it will be delivering Fuel Cell Power Modules as well as its power conditioning and controller modules to CommScope Inc. The modules will be used to provide extended run and environmentally friendly backup power systems to leading telecom carriers around the globe. Hydrogenics HyPM fuel cell modules will be integrated in Andrews' EcoPower Integrated Fuel Cell Solution. Daryl Wilson, President and CEO of Hydrogenics, stated, “Hydrogenics HyPM fuel cells deliver the ideal technology for power backup systems. The Proton Exchange Membrane (PEM) hydrogen fuel cells housed in Andrews' secure, weather resistant cabinets, provide a smaller…

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ThursdayOct 23, 2008 7:21 am

China Natural Gas Inc. (CHNG.OB) Appoints New Chief Financial Officer

Today before the opening bell, China Natural Gas Inc. announced that it has appointed Richard P.Wu as its CFO, effective immediately. Mr. Wu has over a decade of leadership experience working in both financial and operational positions. He received his Master of Business Administration in Finance from The Wharton School, University of Pennsylvania, and a Master of Justice Administration from Indiana University. In addition, he holds a Master of Law from China University of Political Science & Law. Prior to joining China Natural Gas, Mr. Wu served Tejari World FZ LLC, one of the largest online e-procurement service providers and…

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ThursdayOct 23, 2008 6:18 am

ICP Solar Technologies Inc. (ICPR.OB) Leaps to International Status with Letter of Intent

Vision is an elusive talent for many company managers. It is, in many instances, quite a bit easier to follow the crowd and try to make a company go through traditional channels instead of breaking with the crowd and going a different way. Sometimes the less taken path leads to a dead end, others times it leads to success as paths once again converge. Just because a company is taking a different path does not make it less of an opportunity, only a hidden opportunity. Recognizing the different path and the opportunity it presents is the key, a key that…

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WednesdayOct 22, 2008 5:01 pm

Volterra Semiconductor Corp. (VLTR) Announces Positive Third Quarter Earnings

Volterra Semiconductor Corporation (NASD: VLTR), a leading provider of high-performance analog and mixed-signal power management semiconductors, recently announced the company’s financial results for the third quarter ended September 30, 2008. Third quarter net revenue jumped 62 percent year-over-year to $30.6 million, compared to the third quarter of 2007 and a 7 percent increase over net revenue of $28.7 million for the second quarter of 2008. Non-GAAP net income totaled $6.5 million or $0.25 per diluted share for the third quarter of 2008, a 215 percent increase over non-GAAP net income of $2.1 million, or $0.08 per diluted share for the…

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WednesdayOct 22, 2008 12:44 pm

FDA Approves the Endologix, Inc. (ELGX) IntuiTrak™ Delivery System

Abdominal Aortic Aneurysms (AAA) is an aneurysm caused from a weakening of the wall of the aorta, the largest artery of the body. Aortic aneurysm disease is a leading cause of death in the United States and it is estimated that 1.7 million persons over 55 years of age have an AAA. Each year, physicians diagnose approximately 200,000 people in the United States with AAA. The overall patient mortality rate for ruptured AAA is approximately 75%. IntuiTrak has a novel design and deployment mechanism that simplifies delivery of the unibody bifurcated Powerlink device. The low-profile delivery system features enhanced flexibility,…

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WednesdayOct 22, 2008 12:42 pm

Elray Resources, Inc. (ELRA.OB) – Diving into the Zircon Sands of Indonesia

Founded by senior executives and geologists with experience in the major gold production companies, Elray Resources saw a niche for a company that could combine the level of expertise typically found in a major company with the responsiveness, speed and growth potential of a junior firm. It’s this quick, nimble movement of Elray Resources that has led them to the latest in mineral finds – the Indonesian Zircon Sands. Indonesia has some of the world's largest deposits of zircon sand, coal, copper, tin, nickel and gold, and is keen to earn more from the sector particularly as strong demand from…

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WednesdayOct 22, 2008 12:40 pm

China Water and Drinks, Inc. (CWDK.OB) and Heckmann Corporation (HEK) Close Acquisitions

Bottled water continues to be a huge market worldwide. Back in May, China Water entered into a definitive merger agreement with Heckmann Corporation. Closing of the merger is expected to occur on October 31st, pending shareholder approval. The joining of the two water giants is expected to continue the financial flexibility of the conglomerate, with the acquisitions of two multi-million dollar bottled water companies as proof of their new purchasing power. U.S. sales of bottled water rose by nearly 10 percent in 2006, according to estimates from Beverage Marketing Corporation provided to the International Bottled Water Association. Americans consumed about…

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WednesdayOct 22, 2008 12:13 pm

RXi Pharmaceuticals (RXII) Hires Dr. Anastasia Khvorova as its First Chief Scientific Officer

RXi Pharmaceuticals Corporation (NASDAQ: RXII) reported today that it has hired Dr. Anastasia Khvorova to fill the new post of Chief Scientific Officer (CSO). RXi Pharmaceuticals expects to benefit from the six years of experience Khvorova gained in the development and supply of RNAi compounds in her last job as CSO of Dharmacon, Inc. According to company President and CEO, Dr. Tod Woolf, Khvorova’s appointment adds to the scope and depth of RXi’s talent in the RNAi field. "Among her many accomplishments,” noted Woolf, “Dr. Khvorova's group at Dharmacon designed and manufactured RNAi compounds targeting virtually all of the known…

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WednesdayOct 22, 2008 11:54 am

Kidney Cancer May Meet its Match with Antigenics Inc.’s (AGEN) Marketing Application Submittal

Renal Cell Carcinoma is the most common type of kidney cancer. According to the International Agency for Research on Cancer, renal cell carcinoma accounts for nearly 90 percent of all kidney tumors. Approximately 60,511 new cases of kidney cancer were diagnosed in 2004, 29,453 of those individuals diagnosed died from the disease. Antigenics Inc.’s (Nasdaq: AGEN) Oncophage contains an “antigenic fingerprint” of a patient’s particular cancer. It was designed to reprogram the body’s immune system to target only the cancer cells with this specific fingerprint. In April, 2008, Oncophage was approved in Russia for the treatment of kidney cancer patients;…

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