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Oct
27 |
FREE Daily Stock Alerts From CRWEPicks.com
________________________________________ NEW YORK (CRWENewswire) -- Stocks mostly fell Tuesday as mixed reports on home prices and consumer confidence give investors little incentive to step into the market. A decision by IBM Corp. to double its stock-repurchase plan gave a boost to the Dow Jones industrials, but the Nasdaq composite index fell after Baidu Inc., the Chinese Internet search company, warned its revenue could take a hit as it switches its advertising system. Falling stocks outpaced those that rose.
KANSAS CITY, Mo. (CRWENewswire) -- Bank holding company UMB Financial Corp. on Tuesday reported a 10 jump in its third-quarter profit, fueled in part by a jump in total deposits. The company also boosted its quarterly dividend by 5.7 percent to 18.5 cents per share. Investors responded by pushing the company's stock up $2.18, or 5.6 percent, to $41.33 in afternoon trading. For the three months ending Sept. 30, UMB said it earned $24 million or 59 cents per share. That compared to $21.8 million or 53 cents per share, in the year-ago period. The performance beat Wall Street expectations. On average, analysts polled by Thomson Reuters forecast earnings of 49 cents per share. NEW YORK (CRWENewswire) -- Syngenta Ventures, the venture capital unit of agribusiness company Syngenta AG, said Tuesday it is investing an undisclosed amount in privately held biotechnology company Metabolon. Metabolomics develops technology sued to accelerate the development of plants. Syngenta Ventures will take a seat on Metabolon's board of directors. It said the equity investment was made in the Series C financing of Metabolon which raised $12.3 million from a several investors, including Syngenta Ventures.
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Oct
27 |
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________________________________________ NEW YORK (CRWENewswire) -- Shares of Winn-Dixie Stores Inc. continued to drop on Tuesday, a day after the grocery-store operator posted a wider loss in its first quarter and gave a weak forecast for fiscal 2010. BMO Capital Markets analyst Karen Short in a note to investors called Winn-Dixie sales a"wild card." She said there is a chance that Winn-Dixie might not meet its lower outlook, suggesting that sales at stores open more than a year will decline between 1 percent and rise 1 percent. LAS VEGAS (CRWENewswire) -- Casino operator Harrah's Entertainment, the world's largest gambling company, is reporting a third-quarter loss of more than $1.6 billion. The Las Vegas company says it lost $1.62 billion in the quarter that ended Sept. 30 on revenue of $2.28 billion. In the same period a year earlier, it lost $129.7 million on revenue of $2.65 billion. The company says it recorded a $1.33 billion drop in the value of its assets. CHARLOTTE, North Carolina (CRWEnewswire) -- Shares of American International Group Inc. fell Tuesday as the company continues to face challenges in repaying government funds. The insurer's recent loss of executives to the company of former CEO Maurice "Hank" Greenberg may further complicate its efforts to pay back more than $180 billion, a report published in The New York Times said Tuesday. Shares of AIG fell $1.65, or 4.6 percent, to $34.60 in afternoon trading.
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Oct
27 |
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________________________________________ COSTA MESA, Calif. (CRWENewswire) -- Ceradyne Inc. posted a steep third-quarter decline Tuesday as the ceramics products saw fewer orders for its lightweight body armor programs, prompting the company to reduce its 2009 outlook. The Costa Mesa, Calif., company reported net income of $4.9 million, or 19 cents per share, down 74 percent from $18.8 million, or 71 cents per share in the prior year period. The latest results included a pretax charge of $1.8 million related to a loss on auction rate securities, which reduced earnings by roughly 7 cents per share. SAN FRANCISCO (CRWENewswire) -- Shares of apparel maker VF Corp., maker of Lee and Wrangler jeans, fell Tuesday, a day after the company said third-quarter profit fell 7 percent as revenue fell. Shares fell $5.82, or 7.3 percent, to $72.73. The Greensboro, N.C., company that also owns the North Face and Vans brands missed analysts' estimates by a penny on Monday. Lazard Capital Markets analyst Todd Slater said VF was being punished for expectations that were too high and kept a "Hold" rating on the shares. PROVIDENCE, R.I. (CRWENewswire) -- Textron Inc. said Tuesday its third-quarter profit plunged 98 percent as the company continues to face reduced sales at its corporate jet and helicopter businesses. The Providence, R.I., company which also makes Bell helicopters and EZ-Go golf carts, said its profit fell to $4 million, or 1 cent per share, for the period ended Oct. 3, down sharply from $206 million, or 83 cents per share, a year ago. It earned 2 cents per share from continuing operations. On that basis, analysts surveyed by Thomson Reuters on average expected a loss of 3 cents per share.
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Oct
27 |
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________________________________________ NEW YORK (CRWENewswire) -- Billionaire investor Carl Icahn offered Tuesday to buy bonds from CIT Group Inc.'s smaller bondholders at a discount as he tries to thwart a restructuring plan by the commercial lender. Icahn said in a letter he will pay those bondholders 60 cents on the dollar for their debt if they agree to reject CIT's debt restructuring plan.
Columbus, Ohio-based AEP also lobbied on capturing carbon dioxide and burying it underground, coal ash, legislation that seeks to protect the nation's electricity system from cyber attacks, legislation that would require metal recycling companies to keep track of sales to deter theft and more.
The group lobbied on legislation to provide incentives to accelerate production of plug-in electric vehicles, climate change and protecting the electricity grid from a cyber attack, as well as on coal ash, electric transmission, energy efficiency and more.
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Oct
27 |
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________________________________________ NEW YORK—(CRWENEWSWIRE) Oct 27, 2009. PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC. The devices are available in both Si and InGaAs/InP technologies. As compared to TO5 devices, these TO8 packaged detectors have 10-30X lower dark current depending on operating temperature. The Si devices offer flat and wide spectral response in the visible light spectrum from 300 to 800 nm and significantly improved photon detection efficiency (PDE) of 30-40%. The InGaAs/InP devices offer spectral response in the near infrared spectrum from 1000 to 1700 nm, and modestly improved PDE in the range of 10-20%. Jack Mayer, president of PowerSafe stated “we are very pleased with these improved parameters. Their achievement is a significant step in our goal of penetrating scientific instrumentation and range finding and tracking photodetection markets.” These devices also offer very high gain >100,000, excess noise factor <1.1, response time <500ps,and photon counting capability. Unlike conventional Geiger-mode APDs, these detectors do not need an external quenching circuit and operate in a non-gated continuous mode. The technology is expected to allow the creation of linear and 2D arrays that combine: high gain, low noise factor and high speed operation using conventional semiconductor fabrication techniques. These products are targeted at a broad range of applications including medical imaging, night vision, scientific and industrial instrumentation, flow cytometry, range finding, tracking, free space communication, spectroscopy, quantum key distribution (QKD), low light level imaging and high energy physics. About PowerSafe Technology Corp. (PSFT.PK) Based in New York, PowerSafe Technology, thru its wholly owned subsidiary ATI, (www.amplificationtechnologies.com) seeks to transform the field of low-level signal detection. The company’s patented platform semiconductor technology has the potential to offer unparalleled and far-reaching benefits to industries such as medical diagnostics, drug development, scientific instrumentation and homeland security. The technology has been successfully used to develop extremely sensitive detectors of low levels of light and the company believes its detectors will be used in many existing applications as well as open up new markets. ATI’s technology is patented to encompass detection of signals other than light, and could in principle be used to create highly sensitive biological, radiological, electrical, and chemical sensors. Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of PowerSafe and Amplification. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherit herein and set forth in PowerSafe’s SEC filings and such other matters as are contained therein. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements. Technical Contact PR Contact Source: PowerSafe Technology Corp.
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******************************** Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations.Powersafe Technologies Crown Equity Holdings, Inc. (CRWE.OB) has received five thousand dollars from a third party for 30 days of advertisement services for PowerSafe Technology Corp. (PSFT.PK). 144 restricted stocks for 6 months of advertisement and diseminate news for Power 3 Medical Products Inc. (PWRM.OB).
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Oct
27 |
FREE Daily Stock Alerts From CRWEPicks.com
________________________________________ TaxMasters, Inc. Prepares for Fourth Quarter Surge HOUSTON, Oct. 27 (CRWENEWSWIRE) TaxMasters, Inc. (OTC Bulletin Board: TAXS - News) finalized plans this week to take advantage of the expected surge in sales that begins for the IRS tax relief industry in October and builds through April of the following year. TaxMasters reported sales for the first six months in 2009 of $18,758,000, an increase of $12,348,000 or 193 percent, over 2008 sales for the same period of $6,410,000. The company used this growth data along with historical data to plan for the expected 4Q increase in sales. Full financial results are available in the 8-KA filed on October 20, 2009 with the SEC. Patrick Cox, the President and CEO of TaxMasters, Inc. said on Friday that he was pleased with the company's "ability to plan and coordinate efforts to accommodate the sales we expect to see between now and mid April. Especially with the current economic situation, some taxpayers out there are really hurting." The 4Q plans at TaxMasters include moving into larger office space to accommodate an expected growth in personnel, delivering a review of the company's processes and procedures with efficiency recommendations, rolling out proprietary workflow control software to streamline production, and increasing advertising to grow sales. All of these plans are rooted in TaxMasters' commitment to manage growth successfully while increasing sales on a consistent, predictable path. Any forward-looking statements, as defined in the Securities Exchange Act of 1934, in this release (often identified by such words as "believes," "expects," "beginning," "intended," "planned") regarding future expectations, objectives, and plans for TaxMasters, Inc. are based on opinions and estimates of management at the time the statement was made. Various known and unknown factors may cause actual results to be materially different from the expected outcomes. TaxMasters, Inc. does not, as a matter of policy, update or revise forward-looking statements. Actual results may vary materially. About TaxMasters, Inc. For more information about TaxMasters, Inc. and its commitment to helping taxpayers in the United States regain compliance with the IRS, please visit the TaxMasters website. Contact
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Oct
06 |
FREE Daily Stock Alerts From CRWEPICKS.com
________________________________________ Aerospace, Inc. (NASDAQ:BEAV) will issue its financial results for the quarter ended September 30, 2009 prior to the opening of the NASDAQ Stock Market on Tuesday, October 27, 2009, and will hold a conference call to discuss the results at 9:00 a.m. Eastern time on Tuesday, October 27, 2009. A live audio broadcast of the conference call, along with a supplemental presentation, will be available on the investor relations page of the company's website at www.beaerospace.com.
JetBlue Airways Corporation (Nasdaq: JBLU) reported today that its traffic in September increased 9.8 percent compared to September 2008, on a capacity increase of 8.6 percent.
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Oct
06 |
FREE Daily Stock Alerts From Stock-PR.com
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Genzyme Corporation (Nasdaq: GENZ) announced today that the FDA provided a complete response letter regarding the company's supplemental New Drug Application for Clolar(R) (clofarabine) in previously untreated older adult patients with acute myeloid leukemia (AML) and at least one unfavorable baseline prognostic factor. The agency recommended a randomized, controlled clinical study be conducted for label expansion of Clolar in this indication. Olin Corporation (NYSE: OLN) announced today that on Tuesday, October 27, at 10:00 A.M. Eastern Time, Joseph Rupp, Chairman, President and CEO; John Fischer, Vice President and CFO; John McIntosh, Vice President and President Chlor-Alkali Products Division, and Larry Kromidas, Assistant Treasurer and Director, Investor Relations will review Olin Corporation's third quarter 2009 earnings results. Prepared remarks will be followed by a question and answer period. Micro Bubble Technologies Inc. ("MBT"), the operating subsidiary of EcoloCap Solutions Inc. (OTCBB: ECOS), has further enhanced distribution of its Carbon Nano Tube Battery (CNT-Battery) by signing a multi-million dollar distribution agreement with HALO Renewable Energy LLC ("Halo"), of Portland, OR. Halo has obtained distribution rights of the CNT-Battery for "non-wheeled" applications in North America, in addition to the U.S distribution rights to MBT's M-Fuel. Halo was initially founded to exploit its proprietary system to manage energy storage and electrical systems for wind and solar applications. Halo's extensive industry experience uniquely positions them to capitalize on the CNT-Batteries' diverse applications. David Hice, CEO of Halo said, "The CNT-Battery is the final answer in our search for the ultimate energy storage and management system." ***********Advertisement***********
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Oct
06 |
*********************************** BY: Felicia Phillips January 4, 2010 Ampl AMPL, Ampal-American Israel Corp. AMPL and its subsidiaries acquire interests primarily in businesses located in the State of Israel or that are Israel-related. AMPL is seeking opportunistic situations in a variety of industries, with a focus on energy, chemicals, communication and related sectors. The Company’s goal is to develop or acquire majority interests in businesses that are profitable and generate significant free cash flow that Ampal can control. AMPL signed an option exercise agreement with Merhav (M.N.F) Ltd. to Acquire 25% in a sugarcane ethanol production Project in Colombia. The Project encompasses approximately 10,000 hectares of land, and includes both agricultural and industrial sectors. The Project is expected to start commercial production during 2012, and reach its full production capacity of 112 million liters of Ethanol annually in 2014, but you should put AMPL on your radar from now, because AMPL shares’ trading levels could change in no time. More about AMPL at www.ampal.com. ______________________________________________________________ BioMedReports.com, the news portal which covers Wall Street's biomedical sector and delivers financial and investment intelligence to a community of highly informed investors, has issued a special report on Power3 Medical Products (OTC.BB:PWRM - News), the developer of several blood tests designed for early detection, monitoring and targeting of diseases like Alzheimer's, Parkinson's and breast cancer.
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