WednesdayOct 22, 2008 11:37 am

Monogram Biosciences, Inc. (MGRM) Presents Its VeraTagTM Assays at EORTC-NCI-AACR Symposium

Monogram Biosciences, Inc., a California based leader in molecular diagnostics for improving drug treatment of serious diseases, today announced presentations made by its scientists related to the company’s VeraTag™ assays. The presentations were made at the 20th EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics in Geneva, Switzerland. The presentations dealt with what are called EGFR/HER receptors, known to be significant to the proliferation of many different cancers, such as breast cancer. The presentations were about Monogram’s developments in the field of assays used for detecting these receptors in cancerous tissues, information that is critical for associated drug development and…

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WednesdayOct 22, 2008 11:35 am

Dyax Corp. (DYAX) Announces Major Third Quarter Revenue Increase

Dyax Corporation, a Massachusetts biopharmaceutical company, has announced third quarter revenues of $5.5 million, compared with $2.6 million for the comparable quarter in 2007, an increase of 111%. In addition, revenues for the nine-month period ending September 30, 2008, increased to $12.0 million, compared to $7.9 million for the comparable nine-month period in 2007, an increase of nearly 52%. The dramatic increase in revenue was due largely to returns from license and collaboration agreements, including $2.5 million received under the company’s Licensing & Funded Research Program (LFRP). Dyax has also received $38.2 million from licensing and collaboration agreements for its…

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WednesdayOct 22, 2008 10:08 am

Applications for New Mortgages at 8-Year Low

Homebuyer demand in the U.S. is as low as it has been since December of 2001. It is clear that the lull is, at least in part, due to plummeting stocks, mortgage rates near their annual highs, and lenders demanding exorbitant down-payments. The Mortgage Bankers Association's mortgage application index backslid more than 16.5 percent last week, reflecting a population in decision-making limbo; most people do not feel that the time is right to invest in a new home, and for the moment, experts feel that they are probably correct. It has been estimated that one out of every six homeowners…

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WednesdayOct 22, 2008 10:07 am

Dow Extends Losses on Flimsy Earnings

Fear and panic on Wall Street was in full-force again on Wednesday, with the Dow sliding more than 250 points by midday. Third quarter earnings ended up disappointing many investors already racked with aprehension over the recessional nature of world economies at present. Adding to the turbulence, were grim forecasts made regarding the expected fourth quarter performance of several major corporations. Mirroring many stocks, oil fell to below $68 a barrel this week. Let us hear your thoughts below:

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WednesdayOct 22, 2008 10:06 am

World Leaders to Convene in Washington

In order to address the financial crisis now blanketing the planet, world leaders will converge on Washington this November 15th for a number of meetings aimed at devising a unilateral global response, as well as divining the root causes of the crisis itself. Political and economic leaders from Japan, the U.K., France, Germany, Italy, Canada, China, Brazil, India, Russia, South Korea, and the U.S. will be in attendance. Senate Majority Leader Harry Reid expressed the belief that a global summit was just what the doctor ordered, stating: "I am hopeful that the meeting will not only address the immediate crisis…

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WednesdayOct 22, 2008 9:07 am

ZBB Energy Corp (ZBB) Signs Distribution Agreement to Energize Australia and New Zealand

ZBB Energy Corporation (AMEX: ZBB), a company focused on providing turn-key energy storage systems and renewable energy generators, is pleased to announce that it has entered into a sales distribution agreement with Zest Energy Pty Ltd. Zest will be responsible for the marketing, selling, and distribution of the ZBB products throughout Australia and New Zealand. Based in Australia, Zest focuses on providing energy storage systems that use regenerative fuel cells to technology suppliers, property developers, and utility companies. Zest works with its clients to design and install the storage systems that reduce energy costs and provide supplemental energy during peak…

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WednesdayOct 22, 2008 7:44 am

Conolog Corp. (CNLG) Making Progress with New August/September Orders

Most products that are used every day are taken for granted in their simplicity. Turn the product on and it should work. What is involved in making that product go, especially if it is an electronic product, is rarely considered. Understanding the process of what actually makes a product work, through the use of electricity, can lead to a solid and stable investment opportunity, even if the overall concept of energy is an esoteric one. Conolog Corp., a designer, manufacturer and distributor of electronic and electro-magnetic sub assemblies, works to supply equipment involved in converting electrical signals into mechanical energy…

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WednesdayOct 22, 2008 4:10 am

Money4Gold Holdings Inc. (MFGD.OB): A Different Kind of Gold Company With Golden Profits?

Money4Gold Holdings (MFGD) is a buyer of gold, platinum and silver jewelry from consumers. The company gives sellers cash for their jewelry and refines the precious metals back to their original form. The company primarily produces gold, platinum, and silver metals from recycling customers' jewelry, coins, electronic components, and heirloom collectibles. It also offers recycling services for other precious metals, including platinum and palladium. Money4Gold is the only public company in the burgeoning cash-for-gold industry. Money4Gold's business stands to benefit as the US economy remains sluggish and consumers need cash. Consumers in need of extra money for daily living expenses…

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WednesdayOct 22, 2008 4:05 am

Clear Skies Solar, Inc. (CSKH.OB) Signs $8 Million Solar Energy Deal

Clear Skies Solar just signed an $8 million USD agreement with Prayag Green Solar Power Private Limited to develop and construct a two megawatt solar power project in Chitrakoot, Uttar Pradesh, India. This deal rides in the wave of a previously announced $20 million project for the area. Since its launch, Clear Skies Group has installed solar power systems for municipalities, real estate developers, agricultural locations, office and residential complexes, storage facilities, manufacturing plants, schools, and more. Systems today run at efficiencies up to 95% for inverters and 15-20% efficiency of the solar panels. Clear Skies Group has developed several…

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WednesdayOct 22, 2008 4:03 am

TVI Corporation (TVIN) Marks 50% Revenue Growth in Preliminary Q3 Numbers

Quite possibly a sign of the times, a maker of mobile safety equipment such as Airborne Infection Isolation huts and Mobile Surge Capacity shelters, TVI Corporation expects to report revenue of approximately $11 million for the third quarter of 2008. That figure reflects an increase of 50 percent from approximately $7 million in revenue for the third quarter of 2007. Release of its complete third-quarter 2008 financial results is scheduled for the week of November 10, 2008. Now, the figures don’t come without some caveats. The Company has been going through some drastic changes in order to turnaround the company…

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