QualityStocks Stock Newsletters Archives - Page 875 of 1818

MondaySep 29, 2008 1:40 pm

Bailout Fails to Pass – Stocks Crash

The Dow Jones suffered extreme losses during Monday's session. Following another failure-to-please regarding the proposed government bailout package, the index saw its heaviest ever one day decline, dropping 777 points. It appears that the warnings of Henry Paulson, and others who said that immediate action was needed, were largely ignored. This was met with a sigh of relief by the vast numbers of Americans who have been vehemently opposed to the plan from the start. At least for the time being, the bill is dead, and will most likely not receive a re-vote in its current form. The plan failed…

MondaySep 29, 2008 1:39 pm

Wachovia Acquired by Citigroup on Monday

Realizing that it had been beaten like so many others, Wachovia Corp. sold its banking operations to Citigroup on Monday, for the tidy sum of $2.2 billion, or one dollar per share. It wasn't a total victory for Citigroup, however, as the company expects to sustain heavy losses in excess of $42 billion in order to write down Wachovia's damaged $312 billion loan portfolio. The deal was brokered by the Federal Deposit Insurance Corporation. To calm to the fears of Wachovia customers, the FDIC released this statement: "All depositors are fully protected and there is expected to be no cost…

MondaySep 29, 2008 1:38 pm

Foreign Markets Also Feeling the Pressure

The ripple effects of America's credit crisis are beginning to be felt around the globe, as expected. Monday saw the crumbling of several foreign financial institutions as European stocks echoed their American counterparts with heavy losses. Global Insight's chief European economist Howard Archer believes that global financial catastrophes are going to worsen before they get any better. "...the more the turmoil and dislocation continues, the further this could spread," he said, "We live in vicious times." Let us hear your thoughts below:

MondaySep 29, 2008 1:37 pm

Hybrid Technologies, Inc. (HYBR.OB) Gains Popularity in the Carolinas

Hybrid Technologies, one of the premier lithium-ion powered vehicle manufacturers of today, is located in a small town just north of Charlotte, North Carolina. Over the past few weeks, the region has been hit hard with gas shortages; panicked drivers running on fumes, mile-long lines, and even pump-side fights and arrests have been the order of the day. Shipments slowly began to arrive on Monday, but indeed a lasting impression was made. It was a wake-up call for many people in this fast-growing southern city, who never quite took the time to realize the extent of their dependency on gasoline…

MondaySep 29, 2008 1:28 pm

Thorium Power Ltd. (THPW.OB) Secures Agreement with Russian Nuclear Research Facility, a Step toward Regulatory Licensing

Thorium Power Ltd. (OTCBB: THPW) develops non-proliferative nuclear fuel technology and offers comprehensive advisory services for emerging nuclear programs. The company has established long-standing relationships with Russian nuclear entities with expert resources and facilities, and today announced an agreement with Post-Irradiation Examination (PIE), one of Russia’s leading nuclear research facilities. In the press release, the company referred to the deal as a “significant milestone” in which Thorium will have access to world-class nuclear fuel analysis technologies. Seth Grae, Thorium CEO, said the agreement will open doors to further developments. "We are tremendously encouraged by the continued process of testing and…

MondaySep 29, 2008 1:27 pm

Future Now Group Inc. (FUTR.OB) Breaks Old Record; Signs New Clients

Future Now Group Inc. (OTCBB: FUTR) provides software and services to increase online traffic and enhance online marketing optimization. The company’s success stories have been picked up by some of the largest media outlets, and the company today announced it broke its record for new licensing contracts in one quarter - news that is sure to signal more industry recognition. "I'm very proud of our team this quarter. We broke this record with over two weeks remaining in the quarter. We have new records to set and more goals to surpass. I expect to end the quarter strong,” Howard Kaplan,…

MondaySep 29, 2008 8:50 am

Aehr Test Systems (AEHR) Comments on First Quarter Financial Performance

Aehr Test Systems (NASD: AEHR), a leading supplier of semiconductor test and burn-in equipment, recently announced its financial results for the first quarter of fiscal 2009, ended August 31, 2008. The company reported net sales of $9.7 million for the first quarter of fiscal 2009, an increase of 27 percent from $7.7 million in the first quarter of fiscal 2008 with net income of $865,000, or $0.10 per diluted share, compared with net income of $779,000, or $0.09 per diluted share, for the same period one-year earlier. Income from operations totaled $1.4 million during the first quarter of fiscal 2009,…

MondaySep 29, 2008 8:17 am

Avatech Solutions, Inc. (AVSO) Continues Profitability Increase

Avtech Solutions, Inc. (AVSO.OB), the Maryland-based, $50-million engineering company specializing in manufacturing, engineering, architecture, building design, and facilities management, today announced their fourth consecutive quarter of profitability on quarterly revenues of $11.5 million. The increase in net income over the same quarter last year was due primarily to a $1.3 million reduction in SG&A costs. The earnings report represents a significant turnaround after a challenging 2006 and 2007 for the company. George Davis, President and Chief Executive Officer of Avatech Solutions, commented, “In fiscal 2008 we returned to profitability with record net income and strengthened our balance sheet, which includes…

MondaySep 29, 2008 7:18 am

Skinny Nutritional Corp. (SKNY.OB) Announces Distribution and Bottling Expansion to the West Coast

Skinny Nutritional Corp. announced today that it has signed a distribution agreement with Prestige Sales, Anaheim, California. Prestige Sales is known as the largest Red Bull Energy drink distributor in Southern California, and has a comprehensive network of over 6,000 retail accounts. This agreement brings the total number of retail accounts offering Skinny Water products to 20,000. “Skinny Water is a real product that health conscious consumers are looking for. Skinny Water not only has zero calories, but every flavor tastes great. We have seen Skinny Water’s success on the East Coast and we are confident that we can do…

MondaySep 29, 2008 7:12 am

Ameriwest Energy Corp. (AWEC.OB) Announces Agreements to Proceed with Drilling

Today, Ameriwest Energy Corp. announced the inking of final, requisite drill-site agreements towards the spud of the Ameriwest Fee #1 well. The company plans to drill to a targeted depth of approx. 7,000 feet over a 10-day to 2-week period. Once a discovery is made, Ameriwest intends to complete the well within seven days of the discovery. Company President Walter Merschat stated, "As predicted, we have been able to move quickly to spud, and I'm looking forward to what we believe will be very positive results in the near future. As mentioned previously, I have been studying this region closely…

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