MondaySep 22, 2008 11:51 am

Status Change for Two Remaining Investment Banks

In a potentially risky play for survival, the two largest remaining investment banks, Goldman Sachs Group (NYSE: GS) and Morgan Stanley (NYSE: MS), moved to change their status to bank holding companies. This switch will allow the companies to create commercial banks that can take deposits, and potentially save them from a fate similar to those of the many failed institutions of the past several weeks. In a unanimous decision, the Fed's board of governors approved the requests late on Sunday. Like many of the present changes happening on Wall Street, the move will subject the banks to direct regulation…

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MondaySep 22, 2008 11:50 am

Oil Spikes, Dollar Drops on Talk of Government Bailout

In the biggest single-afternoon price hike ever recorded, the value of crude oil for October delivery surged as much as $25.45 per barrel to $130, before receding to a more modest level of $122. Mounting pressure over the government's proposed bailout plan knocked the dollar down, and oil up on Monday. Over the last four trading sessions, oil has rallied close to $40, reversing, at least for the time being, a two-month regression to below $100 a barrel. At the current rate, many people are worried that oil's all-time record of $147.27 (recorded this past July) could be surpassed. Let…

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MondaySep 22, 2008 11:49 am

Proposed “Troubled Assets Relief Program” Could Cost Taxpayers Dearly

While much of the talk surrounding Treasury Secretary Henry Paulson's $700 billion market-wide bailout plan has been speculation, many experts are estimating the total cost for individual taxpayers to be upwards of six-thousand dollars. On the flip-side of the coin, Liz Ann Sonders, chief investment strategist at Charles Schwab believes in the possibility that Paulson's quick-fix "ultimately may not cost us anything." She cited the Resolution Trust Corp. experience of the early nineties, stating that it may be possible for the government to actually turn a profit from this plan, as opposed to accruing further debt. This outcome, however, does…

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MondaySep 22, 2008 11:48 am

Stockhouse, Inc. (STKH.OB) – Considered Undervalued by Many

If you are an avid online investor, chances are you have heard of Stockhouse.com. This financial information portal is an excellent jumping-off point for investors of virtually any experience level. The company's goal, which it has certainly accomplished, is to provide an open forum for traders of all sorts; effectively creating an entire online investment community where people can share their thoughts and ideas. Amid the major troubles in the world of finance today, there are certainly still value-stocks that should not be ignored. Stockhouse.com is one of them. Currently trading at around twenty cents per share, Stockhouse stock has…

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MondaySep 22, 2008 11:23 am

Emisphere Technologies Inc. (EMIS) to Conduct Studies for Treatment of Osteoarthritis of the Knee

Osteoarthritis affects roughly 21 million people in the United States each year. This inflammatory affliction accounts for 25 percent of visits to primary care physicians, and represents half of all non-steroidal anti-inflammatory drug prescriptions. Osteoarthritis can be extremely painful, whether sitting or standing, as the cartilage between joints wears away. Approximately 80 percent of Americans are expected to suffer from this affliction by the time they are 65 years of age. To combat this number, Emisphere Technologies Inc. (Nasdaq: EMIS) focuses on improved delivery of therapeutic molecules through its Eligen Technology, which can be administered orally or through buccal, rectal,…

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MondaySep 22, 2008 11:21 am

Cyalume Light Technologies Offers the Only Phthalate-Free Chemical Light in Accordance with Safety Act Moving through Congress

Cyalume recently announced its response to the “Kids Safe Chemical Act” currently before Congress, stating that its SnapLight lightstick product line will be made phthalate free. Though not all phthalates have been proven to be a health or safety threat, per the Act, six phthalates have been banned. While phthalates are found in the chemical composition of many everyday items and are commonly used in the manufacture of light sticks, some phthalates are harmful to the environment, can damage the human reproductive system, disrupt hormones, and have even been blamed for causing cancer. Though Cyalume’s SnapLights don’t contain any of…

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MondaySep 22, 2008 10:43 am

Airspan Networks, Inc. (AIRN) Wins Telenor Wireless Expansion Contract

Airspan Networks, Inc., the global wireless technology developer, announced Monday that it has been awarded a multi-year contract with Telenor, the Norwegian-based mobile communications provider, to expand their national IP network across Norway. Telenor wants to use Airspan’s WiMAX products to offer high-speed wireless data IP services to homes and businesses in rural areas previously unreached by broadband. Airspan is seen as offering Telenor flexibility in range, capacity, and cost. Bjørn Netland, Director of Broadband Platforms for Telenor, commented, “We have enjoyed our ongoing relationship with Airspan and look forward to a continued and long-lasting partnership.” Telenor is one of…

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MondaySep 22, 2008 9:13 am

Converted Organics Inc. (COIN) Announces Tactical Relationship

Converted Organics Inc. (COIN) is a company dedicated to producing a valuable, all-natural, organic soil fertilizer product through food waste recycling. The company will sell and distribute its environmentally-friendly fertilizer or bio-stimulant in the retail, turf management and agribusiness markets. Converted Organics has received the permits needed to build their first facility in Woodbridge, New Jersey. This facility is licensed to process 500 tons of organic food waste per day. When operational, this will translate to 150,000 tons of waste diverted from landfills each year. Converted Organics possesses proprietary, state-of-the-art technology. The company's high-temperature, liquid composting process is a proven…

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MondaySep 22, 2008 9:11 am

Industrial Services of America, Inc. (IDSA) Expects Third Quarter Profits to Triple

Industrial Services of America, Inc. (IDSA), a processor and recycler of ferrous and non-ferrous scrap metals, provided guidance for the third quarter of fiscal 2008 this morning before the open. The company expects earnings to be in a range of $0.34 to $0.36 per share. For the third quarter of 2007, Industrial Services earned $383,159, or $0.11 per share. Through the first nine months of 2008, the company expects to earn $1.10 to $1.12 per share, compared to $0.55 per share for the same period in 2007. “We will be increasing our ferrous material inventory in the fourth quarter as…

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MondaySep 22, 2008 7:45 am

Northgate Minerals Corp. (NXG) – Mining Gold and Copper

Founded in 1919, Northgate Minerals Corporation is a gold and copper mining company with corporate headquarters in Vancouver, British Columbia. The company lists on the American Stock Exchange under the symbol (NXG). They also list on the Toronto Stock Exchange under the symbol (NGX). They have mining operations, development projects, and exploration properties in Canada and Australia. With a current market capitalization of $349.96 million, the company has forecast significant unhedged gold production for this year. Their plans for growth in the industry include further acquisition opportunities in politically stable mining regions around the world. On February 18, 2008, Northgate…

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