http://www.pennypayday.com/street-beat-articles-29.aspxThe Street Beat's up-to-the minute stock market commentary, quotes & analysis, video charts and hot stock alerts will help you make smart investment decisions. We know the hot stocks to watch today!sean@thestreetbeat.com (The Street Beat)support@viestly.com (Vesta Digital)Thu, 31 May 2012 19:30:56 GMTThu, 31 May 2012 19:30:56 GMTViestly60http://feedproxy.google.com/~r/streetbeat/~3/te6UCtqW0Ww/4436-nouveau-life-pk-nouv-trading-11-after-releasing-its-female-supplement.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4436/stock-happy-17_180x120.jpg" title="Nouveau Life (PK: NOUV) Trading +11% After Releasing Its Female Supplement" alt="Nouveau Life (PK: NOUV) Trading +11% After Releasing Its Female Supplement" align="left" style="margin-right:10px;" />Palm Beach, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; Nouveau Life Pharmaceuticals, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/nouv.aspx">Pink Sheets: NOUV</a>) announced today the release of the first product in the Company's New Life Naturals&#8482; line of quality, all-natural dietary supplements.<br /><br />The new supplement &#8211; New Life Naturals: For Her Senses&#8482; &#8211; is an all-natural product intended to help the nearly 48% of American women suffering with female sexual dysfunction (FSD). Each capsule of For Her Senses&#8482; contains a special blend of herbs best known for their aphrodisiac qualities, including Horny Goat Weed, Macuna Pruriens, Tongkat Ali, Polypodium Vulgare, Saw Palmetto, Muira Puama, Arginine, Maca, and Panax Ginseng. The supplement is being sold in 60-count bottles.<br /><br />Nouveau Life Pharmaceuticals began work on the For Her Senses&#8482; formulation in February of this year and began production in April at an FDA-approved manufacturing facility based in the U.S. The Company plans to distribute New Life Naturals: For Her Senses&#8482; through multiple online sales channels, independent retailers, and health professionals.<br /><br />About Nouveau Life Pharmaceuticals<br /><br />The Company, formerly known as Hybrid Fuels, Inc., was incorporated in the state of Nevada in 1998 as Polo Equities. It has primarily been a development stage company with management focused on developing innovative business opportunities and further advancing technologies.<br /><br />Forward-Looking Statements - This press 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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Nouveau Life Pharmaceuticals, Inc. undertakes no obligation to update such statements.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/te6UCtqW0Ww" height="1" width="1"/>Ashley MontgomeryThu, 31 May 2012 15:08:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4436-nouveau-life-pk-nouv-trading-11-after-releasing-its-female-supplement.aspxhttp://www.pennypayday.com/street-beat-articles-29/4436-nouveau-life-pk-nouv-trading-11-after-releasing-its-female-supplement.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/GPQlgACcb1E/4435-microvision-nasdaq-mvis-gets-4m-pioneer-order-shares-jump.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4435/news-5_180x120.jpg" title="Microvision (NASDAQ: MVIS) gets $4M Pioneer order, shares jump" alt="Microvision (NASDAQ: MVIS) gets $4M Pioneer order, shares jump" align="left" style="margin-right:10px;" />Palm Beach, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Microvision Corp. (<a href="http://www.thestreetbeat.com/market-data-125/mvis.aspx">NASDAQ: MVIS</a>), the Redmond maker of ultra-miniature projection display technology, said it's received $4 million in purchase orders from Pioneer Corp. for technology Pioneer will incorporate into its future automotive navigation systems.<br /><br />In early Thursday trading, shares in Microvision had soared more than 27 percent, rising 52 cents to $2.43, which is a big switch from Wednesday trading, when its shares fell more than 26 percent, dropping 68 cents to close at $1.91.<br /><br />"MicroVision has already begun shipping components to Pioneer for its aftermarket (head-up display) product that is expected to be available in Japan in July. The Cyber Navi is the world&#8217;s first HUD to project augmented reality information in front of the windscreen and the world&#8217;s first onboard HUD to use lasers," Microvision said in a statement.<br /><br />Earlier in May, Microvision said private investors have invested $5 million in the company.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/GPQlgACcb1E" height="1" width="1"/>Ashley MontgomeryThu, 31 May 2012 14:55:21 GMThttp://www.pennypayday.com/street-beat-articles-29/4435-microvision-nasdaq-mvis-gets-4m-pioneer-order-shares-jump.aspxhttp://www.pennypayday.com/street-beat-articles-29/4435-microvision-nasdaq-mvis-gets-4m-pioneer-order-shares-jump.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/XfjQ4TDHu0U/4434-buckle-nyse-bke-sales-trend-slows-in-may-nearly-flat.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4434/stock-down-arrow-47_180x120.jpg" title="Buckle (NYSE: BKE) sales trend slows in May; nearly flat" alt="Buckle (NYSE: BKE) sales trend slows in May; nearly flat" align="left" style="margin-right:10px;" />Palm Beach, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Teen apparel retailer The Buckle Inc.'s (<a href="http://www.thestreetbeat.com/market-data-125/bke.aspx">NYSE: BKE</a>) revenue at stores open at least a year was nearly flat in May, missing analyst expectations.<br /><br />The measure edged up just 0.2 percent, during the four weeks ended May 26. Analysts expected a 3.3 percent rise, according to aThomson Reuters poll.<br /><br />This figure is a key indicator of a retailer's health because it excludes results from store recently opened or closed.<br /><br />The results show consumers appear to have slowed spending on items like Buckle's trendy jeans and t-shirts in May from the company's first quarter, which runs from February through April. Revenue in stores open at least one year rose 7.4 percent in that period.<br /><br />Total revenue for the four weeks ended May 26 rose 2.7 percent to $69.9 million.<br /><br />So far this year, revenue at stores open at least a year was up 5.9 percent and total revenue increased 8.3 percent to $333.6 million.<br /><br />Buckle is based in Kearney, Neb., and currently runs 423 stores in 41 states.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/XfjQ4TDHu0U" height="1" width="1"/>Ashley MontgomeryThu, 31 May 2012 14:46:05 GMThttp://www.pennypayday.com/street-beat-articles-29/4434-buckle-nyse-bke-sales-trend-slows-in-may-nearly-flat.aspxhttp://www.pennypayday.com/street-beat-articles-29/4434-buckle-nyse-bke-sales-trend-slows-in-may-nearly-flat.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/eOstmKWpAWc/4433-all-grade-mining-otcbb-hyii-signs-loi-to-acquire-2nd-iron-ore-mining-project-in-chile.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4433/contract-signing1-15_180x120.jpg" title="All Grade Mining (OTCBB: HYII) Signs LOI to Acquire 2nd Iron Ore Mining Project in Chile" alt="All Grade Mining (OTCBB: HYII) Signs LOI to Acquire 2nd Iron Ore Mining Project in Chile" align="left" style="margin-right:10px;" />Northern, WI 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- All Grade Mining (<a href="http://www.thestreetbeat.com/market-data-125/hyii.aspx">OTCBB:HYII</a>), a development-stage company focused on the extraction of iron ore, yesterday announced that the Company has signed a Letter of Intent (LOI) to acquire a second iron ore mining project located adjacent to the Company's Salitrosa Project in Chile.<br /><br />The iron ore property is located outside of the town of Chanyaral with identical geological landscape as the Salitrosa property. There are several small and medium mines in the area of the prospectus by individuals and small companies that currently exploit the iron ore in small amounts. Preliminary geological study was performed on the property and based on the geo structure of the area and the region itself, the Company believes there is a substantially larger deposit of iron ore on the property well above the estimated reserves on the Salitrosa property. The mineral appearing in cloaks and streaks on the surface is a mixture of Hematite, magnetite and surround rock mass and in vertical depth the study indicates higher concentration of magnetite-Hematite; therefore indicating iron concentrate possibility of approximately 65%.<br /><br />Gary Kouletas, CEO of All Grade Mining, commented, "We continue to seek out additional prospects in Chile and as the global demand for iron ore continues to rise, we have an opportunity to lock our footprint in a region that is known for tremendous amounts of iron ore production and with the Chilean government enacting favorable new mining legislation we believe that we are in the right place at the right time to establish growth for the Company and build shareholder value."<br /><br />The transaction is subject to a number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive agreement.<br /><br />About All Grade Mining, Inc.<br /><br />All Grade Mining is a development-stage company whose mission is to acquire mining concessions in all phases, all sizes and all minerals. The Company is currently focused on the extraction of iron ore in South America, primarily in Chile and has established an experienced team of executives and mining professionals to lead its exploration and excavation efforts.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/eOstmKWpAWc" height="1" width="1"/>Steve KanavalThu, 31 May 2012 14:32:35 GMThttp://www.pennypayday.com/street-beat-articles-29/4433-all-grade-mining-otcbb-hyii-signs-loi-to-acquire-2nd-iron-ore-mining-project-in-chile.aspxhttp://www.pennypayday.com/street-beat-articles-29/4433-all-grade-mining-otcbb-hyii-signs-loi-to-acquire-2nd-iron-ore-mining-project-in-chile.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/eelzfdsqR64/4432-a123-nasdaq-aone-sees-going-concern-risk-due-to-steep-losses.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4432/conerned-person_180x120.jpg" title="A123 (Nasdaq: AONE) sees "going concern" risk due to steep losses" alt="A123 (Nasdaq: AONE) sees "going concern" risk due to steep losses" align="left" style="margin-right:10px;" />Northern, WI 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Lithium-ion battery maker A123 Systems Inc (<a href="http://www.thestreetbeat.com/market-data-125/aone.aspx">Nasdaq:AONE</a>) said on Wednesday there was "substantial doubt" about its viability because the company expects to burn through cash and report steep losses over the next several quarters.<br /><br />The disclosure illustrates the sharp reversal of A123's fortunes since 2009, when the Obama administration granted it $249 million as part of a program to spur battery development. That year, the company also went public and its stock rose 50 percent during its first day of trading on the Nasdaq.<br /><br />A123, which has contracts to make batteries for Fisker Automotive, General Motors Co (<a href="http://www.thestreetbeat.com/market-data-125/gm.aspx">NYSE:GM</a>) and BMW (<a href="http://www.thestreetbeat.com/market-data-125/bmw.aspx">GER:BMW</a>), said it was looking to raise additional cash and is exploring "other strategic alternatives." A123 said in a regulatory filing that it could tap the capital markets for funds.<br /><br />"There is no assurance that the company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the company to operate its business," A123 said in the filing with the U.S. Securities and Exchange Commission.<br /><br />The losses stem from A123's recall of defective batteries built at its Livonia, Michigan, plant. The flaw came to light earlier this year when a Fisker Karma plug-in hybrid with an A123 battery failed during a test by Consumer Reports magazine.<br /><br />The repairs will cost nearly $67 million and force A123 to rebuild its inventory. A123 makes the battery for the Fisker Karma, the BMW hybrid 3- and 5-Series cars and GM's all-electric Chevy Spark due in 2013.<br /><br />A123, which developed as a start-up at the Massachusetts Institute of Technology, BMW and Fisker could not be immediately reached for comment.<br /><br />"We are aware of the filing and we continue to work closely with A-123 Systems as we do with all of our suppliers," GM said in a statement. "Our plans for the Chevrolet Spark remain unchanged."<br /><br />President Barack Obama's administration has been a strong proponent of electric vehicles and set a goal of getting 1 million battery-powered vehicles on the road by 2015. Both A123 and Fisker received funding as part of this goal.<br /><br />A123's Livonia plant was described as the largest lithium-ion factory in North America when it opened in September 2010 with a ribbon-cutting ceremony attended by U.S. Energy Secretary Steven Chu, as well as U.S. Senators Debbie Stabenow and Carl Levin from Michigan. President Obama called in for the event.<br /><br />But Americans have been slow to adopt EVs and A123 was also hurt by its over reliance on Fisker. A123 spends $1.57 for every $1 in revenue it receives from Fisker, according to Dougherty &amp; Co analyst Andrea James.<br /><br />Fisker cut back its orders last fall. A123 reported a $125 million first-quarter loss, its largest-ever quarterly loss.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/eelzfdsqR64" height="1" width="1"/>Steve KanavalThu, 31 May 2012 14:28:17 GMThttp://www.pennypayday.com/street-beat-articles-29/4432-a123-nasdaq-aone-sees-going-concern-risk-due-to-steep-losses.aspxhttp://www.pennypayday.com/street-beat-articles-29/4432-a123-nasdaq-aone-sees-going-concern-risk-due-to-steep-losses.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/d4YB0mwdyjI/4431-chelsea-therapeutics-nasdaq-chtp-rheumatoid-arthritis-drug-fails-trial.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4431/stock-chart-falls-25_180x120.jpg" title="Chelsea Therapeutics' (Nasdaq: CHTP) rheumatoid arthritis drug fails trial" alt="Chelsea Therapeutics' (Nasdaq: CHTP) rheumatoid arthritis drug fails trial" align="left" style="margin-right:10px;" />Shawshank, VA 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Chelsea Therapeutics International (<a href="http://www.thestreetbeat.com/market-data-125/chtp.aspx">Nasdaq: CHTP</a>) said it will stop developing its experimental drug for rheumatoid arthritis after the treatment failed a mid-stage study, sending its shares down 27 percent before the bell.<br /><br />The drugmaker said methotrexate, the standard treatment for rheumatoid arthritis, showed better results than its drug CH-4051 in the trial.<br /><br />"The outcome of the trial was confounded by the unexpectedly robust response reported by patients treated with methotrexate," Chelsea Therapeutics CEO Simon Pedder said.<br /><br />The Charlotte, North Carolina-based company will now focus on the development of its hypotension drug Northera.<br /><br />The company is facing shareholder lawsuits after the U.S. health regulators declined to give marketing approval to Northera in its current form.<br /><br />Chelsea Therapeutics shares, which have lost about 47 percent of their value since the Northera application was turned down, closed at $1.95 on Wednesday on Nasdaq. They fell to $1.42 in trading before the bell on Thursday.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/d4YB0mwdyjI" height="1" width="1"/>Andy DufraneThu, 31 May 2012 14:17:35 GMThttp://www.pennypayday.com/street-beat-articles-29/4431-chelsea-therapeutics-nasdaq-chtp-rheumatoid-arthritis-drug-fails-trial.aspxhttp://www.pennypayday.com/street-beat-articles-29/4431-chelsea-therapeutics-nasdaq-chtp-rheumatoid-arthritis-drug-fails-trial.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/d8l-Zh2NE0M/4430-cgi-nyse-gib-to-acquire-it-company-logica-lse-log-for-about-us26b.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4430/cash-wad-7_180x120.jpg" title="CGI (NYSE: GIB) to acquire IT company Logica (LSE: LOG) for about US$2.6B" alt="CGI (NYSE: GIB) to acquire IT company Logica (LSE: LOG) for about US$2.6B" align="left" style="margin-right:10px;" />Shawshank, VA 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Canada's CGI Group Inc. (<a href="http://www.thestreetbeat.com/market-data-125/gib.aspx">NYSE: GIB</a>) is acquiring the British-based information technology services firm Logica PLC (<a href="http://www.thestreetbeat.com/market-data-125/log.aspx">LSE:LOG</a>) for 1.7 billion pounds, or about US$2.6 billion, the companies announced Thursday.<br /><br />Montreal-based CGI said it would also assume Logica's net debt of about US$500 million.<br /><br />CGI CEO Michael Roach said the acquisition was consistent with the company's growth strategy and its belief that global consolidation of the industry is both necessary and inevitable.<br /><br />"We believe Logica is the right acquisition, at the right price and at the right time to create one of the very few independent global end-to-end technology services providers," he said.<br /><br />Logica chairman David Tyler said combining the two businesses will help meet clients' requirements for a more comprehensive international presence.<br /><br />Under the deal, Logica shareholders would get 105 pence in cash for each share, a premium of almost 60 percent on Wednesday's closing share price of 65.70 pence.<br /><br />Logica stock has traded at an average of 70.2 pence for the month ending May 30, CGI said.<br /><br />Logica's board has unanimously agreed to recommend the deal to its shareholders.<br /><br />The companies expect the purchase will be effective by the end of September.<br /><br />Meanwhile, the pension fund manager Caisse de depot et placement du Quebec announced an investment of about US$1.03 billion in CGI Thursday, which will help the company finance its planned acquisition of Logica.<br /><br />CGI said the combined company that will result from its acquisition will have approximately 72,000 professionals in 43 countries and revenue of about US$10.7 billion.<br /><br />Founded in 1976, CGI is one of the largest independent IT and business process services firms in the world with about 31,000 employees and US$4.4 billion Canadian in annual revenue.<br /><br />CGI shares closed up 5 Canadian cents at 21.01 Canadian dollars on Wednesday on the Toronto Stock Exchange.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/d8l-Zh2NE0M" height="1" width="1"/>Andy DufraneThu, 31 May 2012 14:09:04 GMThttp://www.pennypayday.com/street-beat-articles-29/4430-cgi-nyse-gib-to-acquire-it-company-logica-lse-log-for-about-us26b.aspxhttp://www.pennypayday.com/street-beat-articles-29/4430-cgi-nyse-gib-to-acquire-it-company-logica-lse-log-for-about-us26b.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/xcaqs5_JD40/4429-gaylord-nyse-get-to-sell-brand-to-marriott-international.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4429/hotel_180x120.jpg" title="Gaylord (NYSE: GET) to sell brand to Marriott International" alt="Gaylord (NYSE: GET) to sell brand to Marriott International" align="left" style="margin-right:10px;" />Orlando, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Gaylord Entertainment Co (<a href="http://www.thestreetbeat.com/market-data-125/get.aspx">NYSE:GET</a>) said it will sell the Gaylord hotels brand and the rights to manage four hotels to Marriott International Inc (<a href="http://www.thestreetbeat.com/market-data-125/mar.aspx">NYSE:MAR</a>) for $210 million in cash.<br /><br />The Nashville, Tennessee-based operator of convention-focused hotels and entertainment venues said it will continue to own its hotel properties and other businesses.<br /><br />Marriott will take over management responsibilities of the four hotels - located in Tennessee, Texas, Florida and Maryland - under long-term agreements.<br /><br />Gaylord will continue to own and operate the Grand Ole Opry, Ryman Auditorium and other properties.<br /><br />On the completion of the deal, Gaylord will reorganize itself as a real estate investment trust, effective January 1, 2013.<br /><br />The company said it will not proceed with the Aurora, Colorado hotel and convention center project in the form it previously anticipated.<br /><br />It also plans to issue a special one-time dividend of about $415-$450 million, or about $8.47-$9.18 per share based on outstanding shares of about 49 million.<br /><br />Separately, Marriott said it expects to earn an incentive fee in its first full year of management. The deal will add 2 cents per share to its 2013 earnings, it said.<br /><br />Gaylord shares rose 12 percent to $38.51 in premarket trade. They had closed at $34.48 on Wednesday on the New York Stock Exchange.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/xcaqs5_JD40" height="1" width="1"/>Janice MeehanThu, 31 May 2012 13:55:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4429-gaylord-nyse-get-to-sell-brand-to-marriott-international.aspxhttp://www.pennypayday.com/street-beat-articles-29/4429-gaylord-nyse-get-to-sell-brand-to-marriott-international.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/qCjQQ7x6INM/4428-talbots-nyse-tlb-stock-doubles-after-buyout-announcement.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4428/stocks-increase-45_180x120.jpg" title="Talbots (NYSE: TLB) Stock Doubles after Buyout Announcement" alt="Talbots (NYSE: TLB) Stock Doubles after Buyout Announcement" align="left" style="margin-right:10px;" />Orlando, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Private equity firm Sycamore Partners will buy Talbots (<a href="http://www.thestreetbeat.com/market-data-125/tlb.aspx">NYSE:TLB</a>) for $2.75 per share, a 30-cent discount to its initial offer for the retailer, Talbots said today. Talbots stock doubled on the news.<br /><br />Sycamore&#8217;s initial buyout offer was for $3.05, but it withdrew the offer on May 25.<br /><br />The new cash deal is worth $369 million.<br /><br />&#8220;The purchase price represents a 113% premium to the closing price on May 30, 2012 and a 76% premium to the closing price on December 6, 2011, the closing price prior to the public disclosure of Sycamore&#8217;s initial proposal to acquire the Company,&#8221; Talbots said in a statement.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/qCjQQ7x6INM" height="1" width="1"/>Janice MeehanThu, 31 May 2012 13:47:47 GMThttp://www.pennypayday.com/street-beat-articles-29/4428-talbots-nyse-tlb-stock-doubles-after-buyout-announcement.aspxhttp://www.pennypayday.com/street-beat-articles-29/4428-talbots-nyse-tlb-stock-doubles-after-buyout-announcement.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/I6NcHD2cE-4/4427-alternative-energy-partners-inc-otcbb-aegy-announces-new-acquisition-agreement.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4427/wlst2-27_180x120.jpg" title="Alternative Energy Partners, Inc. (OTCBB: AEGY) Announces New Acquisition Agreement" alt="Alternative Energy Partners, Inc. (OTCBB: AEGY) Announces New Acquisition Agreement" align="left" style="margin-right:10px;" />Orlando, FL 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Alternative Energy Partners, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/aegy.aspx">OTCBB:AEGY</a>) announced today that it has acquired Clarrix Energy, LLC, a Florida limited liability company, in exchange for 40 million shares of common stock and 5 million shares of convertible preferred stock. The preferred stock issued in the transaction carries 51 percent of the shareholder vote and will be convertible at any time after one year at the discretion of the holder into 51 percent of the resulting outstanding common stock. As a result of the transaction, Clarrix has become a wholly-owned subsidiary of AEGY. Based on the closing price for AEGY stock on Tuesday, May 29, 2012, the transaction is valued at $200,366.<br /><br />Clarrix Energy, LLC provides consultative and brokerage energy services to business of all sizes. The objective of these services is to decrease utility costs, in as many ways as possible for every client. The company currently has agreements to supply deregulated energy in 10 states, and is in pursuit of supply partners. Management has focused initially on large energy users.<br /><br />Clarrix Energy was founded in April, 2012 by a management team composed of a diverse group of highly skilled executives with a broad base of skills in medicine, finance, web development, and retail. The company's initial source of revenue is from commissions generated by saving businesses from 1 to 25% on their utility bills. Management will be diligently searching for products and services for clients, including solar, surge protection, lighting and more.<br /><br />The company will be focusing on a creative online strategy to attract and manage clients. Management is developing a sales force in all areas permitted by its supply agreements. Management plans to use technology and state-of-the-art web and social networking strategies to maximize lead generation and minimize advertising costs.<br /><br />Clarrix has already secured a number of energy customers and expects to expand its business operations substantially over the next six months. The Clarrix revenue model is based on a commission arrangement with the energy providers whose services are placed by Clarrix with its end user clients, and Clarrix receives continuing commission revenues for each client for as long as they remain a customer of the energy provider, resulting in constantly increasing revenues. As part of its operating costs, Clarrix also pays commissions to intermediate brokers, and as part of the acquisition of Clarrix by the Company, each of the three principal owners of Clarrix before the acquisition will receive an aggregate royalty of 10 percent of gross revenues of Clarrix for a period of 30 months through August 31, 2014. Gross revenues over the next 12 months are expected to exceed $1.5 million and net income before taxes for the same period is projected at $258,504.<br /><br />About Alternative Energy Partners<br /><br />Alternative Energy Partners is focused on sourcing, marketing and distributing renewable alternative energy solutions on a national and international basis. Alternative Energy Partners is publically traded on the NASDAQ OTC (AEGY). <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/I6NcHD2cE-4" height="1" width="1"/>Janice MeehanThu, 31 May 2012 13:41:26 GMThttp://www.pennypayday.com/street-beat-articles-29/4427-alternative-energy-partners-inc-otcbb-aegy-announces-new-acquisition-agreement.aspxhttp://www.pennypayday.com/street-beat-articles-29/4427-alternative-energy-partners-inc-otcbb-aegy-announces-new-acquisition-agreement.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Taa8DAFKOwQ/4426-ambicom-otcbb-abhi-announces-13-million-order-for-wifi-cards.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4426/stock-happy-16_180x120.jpg" title="AmbiCom (OTCBB: ABHI) Announces $1.3 Million Order for WiFi Cards" alt="AmbiCom (OTCBB: ABHI) Announces $1.3 Million Order for WiFi Cards" align="left" style="margin-right:10px;" />Atlanta, GA 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- AmbiCom Holdings, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/abhi.aspx">OTCBB:ABHI</a>), a leading designer and developer of wireless products for the medical industry and a distributor of innovative healthcare products, yesterday announced that it has received a $1.3 million order from one of its major medical device customers, for AmbiCom WiFi cards to be used in the manufacture of this healthcare company's hospital grade glucose meters. The order is expected to be shipped to the customer by the end of July.<br /><br />Wireless transmission of medical data is an area that continues to grow both in the United States and internationally. AmbiCom has been a supplier of WiFi cards for this segment of the market for the past six years. This order, in addition to several other potential orders the company is developing, are expected to bring about a turnaround for the company's business going forward.<br /><br />About AmbiCom Holdings, Inc.<br /><br />AmbiCom is headquartered in Milpitas, California, and is a leading designer and developer of wireless products focusing on the wireless medical industry. The Company's wireless modules and devices are based on the Company's innovative application software for both WiFi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. AmbiCom also serves as a distributor for innovative healthcare products both in the US and abroad. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value. For more information, visit www.ambicom.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Taa8DAFKOwQ" height="1" width="1"/>Bob BenderThu, 31 May 2012 13:11:59 GMThttp://www.pennypayday.com/street-beat-articles-29/4426-ambicom-otcbb-abhi-announces-13-million-order-for-wifi-cards.aspxhttp://www.pennypayday.com/street-beat-articles-29/4426-ambicom-otcbb-abhi-announces-13-million-order-for-wifi-cards.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/6b7NZff3WAg/4425-scio-diamond-otcbb-scio-success-in-cvd-single-crystal-diamond-production.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4425/scio-1_180x120.jpg" title="Scio Diamond (OTCBB: SCIO) - Success in CVD Single Crystal Diamond Production" alt="Scio Diamond (OTCBB: SCIO) - Success in CVD Single Crystal Diamond Production" align="left" style="margin-right:10px;" />Atlanta, GA 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Scio Diamond Technology Corporation (<a href="http://www.thestreetbeat.com/market-data-125/scio.aspx">OTCBB:SCIO</a>) announced today that the first production runs of cultured diamond initiated in May were a success. The company has scheduled 10 reactors to be in full production during its fiscal second quarter with 7 reactors having passed their initial 50-hour testing and starting the second phase of testing today.<br /><br />Joe Lancia, Scio Diamond's CEO said, "Our concentration in the first weeks of mass production will be on diamond seeds. Our process is largely self-sustaining so creating and harvesting our own seed stock is a key ongoing cost reduction driver."<br /><br />In parallel with creating seed stock, Scio will be providing specified samples for testing by a number of customers in the industrial / commercial marketplace, as well as specific sizes, colors and grades of diamond for the gemstone market. "The demand for diamond continues to amaze me," says Lancia, "We are contacted nearly every day about our product with questions about when we will be ready to start shipping."<br /><br />As the first 7 reactors enter their second phase of production testing, the last 3 are being fitted with our latest power and program technology. Their startup includes the same of multiple levels of precise testing of functionality in short, mid-range and long runs that we used for the initial 7. Scio remains on schedule to meet its stated milestones to initiate and build production during its fiscal first quarter ending June 30 and to phase into full production during the following quarter ending September 30.<br /><br />About SCIO Diamond<br /><br />Scio Diamond will employ a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting, with such diamonds referred to as "lab-grown" or cultivated diamonds. The diamonds are intended to have the identical chemical, physical and optical properties as diamonds found in the earth, and the company's highly controlled manufacturing process will enable it to produce very high-quality, high-purity, high volume, single-crystal colorless, near colorless and fancy colored diamonds.<br /><br />Scio's technology will permit it to produce lab-grown diamond in size, color, and quality combinations that are very rare in nature. SCIO intends to offer diamonds in limited quantities as jewelry and in the technology arena as the material operating system of the future.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/6b7NZff3WAg" height="1" width="1"/>Bob BenderThu, 31 May 2012 13:01:53 GMThttp://www.pennypayday.com/street-beat-articles-29/4425-scio-diamond-otcbb-scio-success-in-cvd-single-crystal-diamond-production.aspxhttp://www.pennypayday.com/street-beat-articles-29/4425-scio-diamond-otcbb-scio-success-in-cvd-single-crystal-diamond-production.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/goSineyHu5o/4424-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4424/rose-rock-midstream-1_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Atlanta, GA 5/31/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were mostly a bit lower in Asian trade. The Nikkei was among the worst, it fell one percent, Shanghai was down a half percent, Australia dipped 0.4% and the Hang Seng was off by a third of a percent. European indexes are mostly higher this morning, with the Footsie up 0.8% and the Dax better by a third of a percent. US stock futures are up about a third of a percent as I write.<br /> <br />*The Irish are voting on the Euro Zone &#8220;fiscal compact&#8221; today. Polling stations will be open from 7am to 10pm local time. Vote counting is expected to begin at 9am local time on Friday, with an indication of the outcome given by mid-day at the latest.<br /> <br />*There were dueling headlines about the ability of the ESM to recapitalize euro area banks; ECB&#8217;s Draghi thinks something can be done, with a nip here and a tuck there on the fund, but an EU Commission spokesperson says, no probably not.<br /> <br />*Report says that Spain will be given an additional year to get their budget deficits in order.<br /> <br />*The April reading of German Retail Sales was +0.6% month on month, or three times the expected increase.<br /> <br />*The May reading of Germany&#8217;s Unemployment Rate was down one tenth from the month before to 6.7%, a steady result had been forecast. However, the net change in the number of unemployed was unchanged on the month and this had been expected to decline 7k.<br /> <br />*The Q1 reading of Switzerland&#8217;s GDP was +0.7% on a quarterly basis and +2.0% year on year. Both results were well above the forecasts of +0.0% quarterly and +0.7% annualized.<br /> <br />*The May reading of UK house prices is +0.3% month on month, according to Nationwide.<br /> <br />*The Challenger Group says that in May there were 61,887 job cut announcements; up 21k from the month before, 66.7% higher than a year ago in May and the highest result since last September.<br /> <br />*The chain stores have been releasing their May same store sales results this morning. Some of the early reports include: Bon Ton Stores, +1.5% compared to sales at stores open at least a year; Limited Brands, +6%; Cato Stores, +3%; and Wet Seal, -8.8%.<br /> <br />*ADP is set to announce at 7:15am CDT their estimate for the net change in May for private sector payrolls; the forecast is for +150k. The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 370k. Also due out at 7:30am is the first revision to Q1 GDP. Growth is expected to be revised down three tenths to +1.9%; Personal Consumption is forecast to be steady at +2.9%; and the estimate for the GDP Price Deflator is also unchanged from the previous report at +1.5%. The May reading of the Chicago Purchasing Managers Index is due out at 8:45am CDT, but remember the subscribers get the report three minutes earlier; the estimate for the Chicago Index is 56.8, up just fractionally from the April result of 56.2.<br /> <br />*The weekly reports on energy inventories are due out this morning. The Natural Gas report is set to be released at 9:30am CDT, it is expected to show an increase of 72 bcf. The petroleum based energy inventory data is set to be released at 10:00am CDT. Stocks of Crude Oil are forecast to increase 1.0 million barrels, Gasoline inventories are expected to decline 1.0 million and the estimate for Distillates is unchanged from the week before.<br /> <br />*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT. The June schedule for Operation Twist is set to be released by the New York Fed at 1:00pm CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/goSineyHu5o" height="1" width="1"/>Bob BenderThu, 31 May 2012 12:56:15 GMThttp://www.pennypayday.com/street-beat-articles-29/4424-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4424-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/E8SqQj3hgis/4423-strikeforce-technologies-otcbb-sfor-files-sec-form-8-k-regulation-fd-disclosure-financial-statements-and-exhibits.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4423/penny-stocks-3_180x120.jpg" title="Strikeforce Technologies (OTCBB: SFOR) Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits" alt="Strikeforce Technologies (OTCBB: SFOR) Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits" align="left" style="margin-right:10px;" />Atlanta, GA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Strikeforce Technologies (<a href="http://www.thestreetbeat.com/market-data-125/sfor.aspx">OTCBB: SFOR</a>) is filing an 8k that includes the 1st Qtr 2012 Financial Results presentation in order for the entire shareholder base and others to be made aware of the video&#8217;s availability. StrikeForce presented a live public Webex Presentation on Tuesday, May 22nd, 2012. In that Webex Presentation Mr. Mark Kay, our Chief Executive Officer, presented the results of the first quarter of 2012, inclusive of explaining the details of the recently filed current report on Form 8-K, the status of our "Out-of-Band" Patent, and our 2012 business outlook.<br /><br />The direct link to the video presentation will automatically play through the entire presentation combined with narration is as follows:<br /><br /><a href="http://www.strikeforcetech.com/video/SFOR-2012-q1-investor-review.wmv">http://www.strikeforcetech.com/video/SFOR-2012-q1-investor-review.wmv<br /></a><br />There is also a link that one can click on our Company website (<a href="www.strikeforcetech.com">www.strikeforcetech.com</a>) under News or Events, as well as by clicking the tab our Company/Investor Relations/ then the first item in the list to get to the video.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer<br /></a><br /><br /><br /><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/E8SqQj3hgis" height="1" width="1"/>Steve KanavalWed, 30 May 2012 17:18:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4423-strikeforce-technologies-otcbb-sfor-files-sec-form-8-k-regulation-fd-disclosure-financial-statements-and-exhibits.aspxhttp://www.pennypayday.com/street-beat-articles-29/4423-strikeforce-technologies-otcbb-sfor-files-sec-form-8-k-regulation-fd-disclosure-financial-statements-and-exhibits.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/u_zQkIfK5ZE/4422-is-fuelcell-nasdaq-fcel-energy-on-the-verge-of-profitability.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4422/stocks-increasing-18_180x120.jpg" title="Is FuelCell (Nasdaq: FCEL) Energy On The Verge Of Profitability?" alt="Is FuelCell (Nasdaq: FCEL) Energy On The Verge Of Profitability?" align="left" style="margin-right:10px;" />Atlanta,GA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Shares of FuelCell Energy (<a href="http://www.thestreetbeat.com/market-data-125/fcel.aspx">Nasdaq:FCEL</a>) were on the move to open the new - albeit shortened - trading week, spiking by eight percent on Tuesday after the company received some positive coverage by a couple of popular financial media outlets which are predicting that profitability may be a possibility for the company over the short term.<br /><br />Concerns of profitability have weighed down the FCEL share price each time the stock has ran on encouraging news. Earlier this year news of alarge cash infusion from a South Korean partner allowed FCEL to run towards the two dollar mark, but the push faded and shares subsequently dropped to well below the price of a recent stock offering.<br /><br />It is precisely the relationship with Fuel Cell's Korean partner that has sparked positive coverage from both Forbes and Bloomberg over the past weeks. Forbes argued that the relationship has allowed FuelCell to solidify its pipeline and production expectations with enough volume where the company could achieve profitability at a manufacturing volume of 80 megawatts annually, approximately 30% higher than the current levels.<br /><br />Bloomberg also piped in, citing the low prices of natural gas as a key factor in FuelCell's near term ability to reach profitability.<br /><br />These predictions may be well within reach, as progress and the expansion of existing agreements materializes in both Asia and Europe. Earlier this month FuelCell announced the acquisition of key assets by its German subsidiary and a European joint venture that will improve the company's ability to leverage its technology to fuel growth on the European continent.<br /><br />Additionally, an existing order in Korea will be accelerated in order to meet growing demand in the region.<br /><br />Those news items were followed-up with a release by FuelCell this week announcing that existing customers have extended their service agreements in flock, helping to solidify the company's mid to long term revenue stream.<br /><br />Like Capstone Turbine (<a href="http://www.thestreetbeat.com/market-data-125/cpst.aspx">Nasdaq:CPST</a>), another company looking to take advantage of the global shift towards 'cleaner' energy production, FuelCell is primed to find itself in the middle of a potentially very lucrative trend.<br /><br />Short interest had increased from the April to May period, but continued positive developments and coverage by high-profile media outlets could spark a modest round of short covering and may ultimately lead to a quick return to previously-traded levels - levels that might hold, given the reinvigorated and encouraging outlooks of prosperity for the company.<br /><br />One to keep an eye on for those that might be looking for a clean energy pick or two. Also look for encouraging trends during the company's earnings call, slated for June 6th.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/u_zQkIfK5ZE" height="1" width="1"/>Bob BenderWed, 30 May 2012 15:43:05 GMThttp://www.pennypayday.com/street-beat-articles-29/4422-is-fuelcell-nasdaq-fcel-energy-on-the-verge-of-profitability.aspxhttp://www.pennypayday.com/street-beat-articles-29/4422-is-fuelcell-nasdaq-fcel-energy-on-the-verge-of-profitability.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/omqcLKPc22E/4421-godfather-media-otcbb-gfmd-announces-2nd-acquisition-agreement-for-territory.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4421/contract-signing1-14_180x120.jpg" title="Godfather Media (OTCBB: GFMD) announces 2nd acquisition agreement for Territory" alt="Godfather Media (OTCBB: GFMD) announces 2nd acquisition agreement for Territory" align="left" style="margin-right:10px;" />Atlanta, GA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Godfather Media, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/gfmd.aspx">OTCBB:GFMD</a>) is pleased to announce the signing of an acquisition agreement between its subsidiary American West Baseball League (AWBL) and James Hoynes for the San Diego, California Territory.<br /><br />James Hoynes spent a career as an artillery and logistics officer in the United States Marine Corps. He served in various leadership assignments and deployed throughout the globe including Operation Restore Hope in Somalia and Operation Iraqi Freedom in Iraq for 20 months. Following his military career James worked for Lockheed Martin as the Logistics Modernization Coordinator for the Marine Corps' west coast logistics command at Camp Pendleton, California.<br /><br />Mr. Hoynes grew up in Winnetka, Illinois just north of Chicago often riding the El down to Wrigley Field to cheer on the Cubs. He attended Ripon College in Wisconsin graduating with a bachelor's degree in Economics. He also has a master's degree in Executive Leadership from the business school at the University of San Diego. <br /><br />James' personal and professional passion is minor league baseball. His desire is to bring a professional minor league baseball franchise to San Diego County to provide safe, affordable, family entertainment for all to enjoy.<br /><br />Mr. Hoynes commented, "I am very excited to have this opportunity to bring a baseball franchise to San Diego County. The new American West Baseball League is sure to provide a great baseball entertainment venue for residents of all ages." <br /><br />"The agreement between GFMD's subsidiary AWBL and Mr. Hoynes is another great addition to our league and new business strategy, our goal is to continue to grow rapidly through strategic territories, such as the San Diego, California. With this 4th addition, we've achieved a significant milestone and I look forward to our continued success," stated Michael Cummings, Godfather Media's Chief Executive Officer. "In addition, the synergies and partnership will play a significant role in Godfather Media's growth while the expansion of American West Baseball League will enhance our ability to be one of the top rated minor baseball leagues on the West Coast."<br /><br />The American West Baseball League Founding Members are:<br />Orange County Flyers, Yuma Panthers, Long Beach-South Bay and San Diego<br /><br />About Godfather Media, Inc.<br /><br />Godfather Media, Inc is an American holding company headquartered in Mission Viejo, California, United States, that will take ownership with minor or 100% interest in a number of subsidiary companies. Godfather Media's ("GFMD") portfolio will be comprised primarily of long-term investments in small to medium market companies using cash, preferred/common stock and other equity interests. Our targeted investment will typically range between $500 thousand and $5 million, although this investment size may vary proportionately as the size of our capital base changes.<br /><br />The Company's principal focus is to invest in growth opportunities in sports, entertainment, and mobile and social media industries. Godfather Media generally seeks to target companies that generate free cash flow, have experienced management teams and possess strong competitive positions within their respective industries.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/omqcLKPc22E" height="1" width="1"/>Bob BenderWed, 30 May 2012 15:04:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4421-godfather-media-otcbb-gfmd-announces-2nd-acquisition-agreement-for-territory.aspxhttp://www.pennypayday.com/street-beat-articles-29/4421-godfather-media-otcbb-gfmd-announces-2nd-acquisition-agreement-for-territory.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/T_8EvInAp4A/4420-cannabis-science-otcbb-cbis-gets-set-to-release-phytiva.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4420/wlst1-74_180x120.jpg" title="Cannabis Science (OTCBB: CBIS) Gets Set to Release "Phytiva"" alt="Cannabis Science (OTCBB: CBIS) Gets Set to Release "Phytiva"" align="left" style="margin-right:10px;" />Orlando, FL 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Cannabis Science, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/cbis.aspx">OTCBB:CBIS</a>), a pioneering U.S. biotech company developing pharmaceutical cannabis (marijuana) products, is pleased to provide insight on the upcoming release of its new over-the-counter skin and nutraceutical product line to be branded "Phytiva" through its newest venture Phytiva Pharmaceuticals Inc. The Company is working as fast as it can to make its cannabis-based formulations that target critical ailments more widely available through multiple regulatory body guidelines. This approach will allow the Company to release its formulations to multiple markets reaching the maximum amount of people in the shortest time frame across the nation and internationally. To support this cause Cannabis Science has been working with numerous patients who have been documenting their self-medicating treatment process using the cannabis-extracts.<br /><br />The Company continues to receive a large number of inquiries about current and new product releases and operational updates on its projects in the works. The Company is in the process of updating its website to provide up-to-date timeline information on its projects, product lines, events, conferences and other important corporate and operational information for the public as released for the public.<br /><br />FDA Initiatives<br /><br />Cannabis Science is working very closely with its previously announced FDA clinical trials consultants to guide the Company through the formal FDA new product release regulatory guidelines. The main steps required to be completed are as follows:<br /><br />1. Pre-IND meeting with the FDA<br />*** The Company is currently in this stage and is working close with its FDA advisory group towards requesting a pre-IND meeting date. The Company has identified its initial target indication as skin cancer and will present this case to the FDA at the pre-IND meeting.<br /><br />2. Application filing for IND Number<br />Once the Company has presented its case at the pre-IND meeting with the FDA and makes any recommended adjustments to its case study, it will then submit its formal application to the FDA for the IND number application.<br /><br />3. IND Number assignment<br />FDA will assign an IND number for the case study once the Company has completed a successful application process. The IND number assignment will give the Company the green light to begin its clinical trials.<br /><br />4. Begin clinical trials<br />Once the Company has successfully completed the application process and receives its IND number from the FDA it can then begin formal clinical trials to prove the product viable for general market consumption or use.<br /><br />5. Successful IND product release<br />Working within the FDA regulatory procedures is paramount for Cannabis Science. Once it receives full approvals from the FDA on each of its target indications, it will then release its products for patients in need of the treatments for their critical ailments nationwide.<br /><br />Over-the-counter Nutraceutical Product Lines<br /><br />This market opportunity for the Company and the people who are looking for Cannabis Science formulations is very large and spans the nation and beyond. The Company has identified several target products to release and is finalizing a few for immediate OTC market release. Our supporters recognize that these products will helpfinance the company as we move forward with the FDA process.<br /><br />Cannabis Science is rapidly moving to commercialize Phytiva, our new over-the-counter skin and nutraceutical product line to be available through its newest venture Phytiva Pharmaceuticals Inc.Cannabis Science formulations for these new products are finalized and we are making decisions for mass manufacturing and nationwide distribution. With several products on the roster for the Phytiva product line, the Company has made public a few: a lip balm to improve the dryness of lips and promote healing, a sunscreen with dual purposes to block the sun, promote sunburn healing and relief, and a dry skin lotion that enhance skin care for those suffering with Eczema and Psoriasis, a fourth product is a facial and body moisturizer that contains compounds with anti-aging properties that promote healthy skin and appearance.<br /><br />As we develop the initial products for the Phytiva Product line, Cannabis Science is working on lateral expansion as we negotiate to acquire new and effective products and treatment processes.<br /><br />State Regulated Medical Cannabis Dispensaries<br /><br />The Company target initiatives in states that have approved medical marijuana programs is based on the successful results being reported by patients self-medicating using Cannabis Science approved formulations through state licensed manufacturers and distributors. The Company is working to expand availability of our formulations across the nation on a state-by-state basis as states continue to approve medical cannabis treatments.<br /><br />Currently, Cannabis Science has its cannabis-based high quality extract formulations available in Pueblo andDenver, Colorado, through licensing agreements. As well, the Company has signed a licensing deal with Apothecary Genetics in California to provide the same full circle operations required under State regulated medical cannabis laws to provide California State licensed medical cannabis patients its formulations.<br /><br />The Company has been receiving outstanding feed back from the current patients using its formulations for Skin Cancer as documented on the www.cannabisscience.com website.<br /><br />Cannabis Science President &amp; CEO, Dr. Robert Melamede Ph.D. and the Science<br /><br />In order for one to understand the unique health benefits provided by cannabis extracts, including their ability to kill numerous cancer cell types, one must examine the role of the endocannabinoids system in maintaining and promoting human health. The endocannabinoid system formally evolved with the appearance of vertebrates, with the development of receptors that specifically bind to the lipid derived endocannabinoids. Surprisingly, the endocannabinoid system is a global, multi-scaled, homeostatic regulator of all body systems. Thus, the cardiovascular, digestive, endocrine, immune, musculoskeletal, nervous, reproductive, and tegumentary systems are all kept in dynamic balance by the endocannabinoid system through its ability to regulate mass and energy flow (the munchies). All cells can only survive by extracting what they need from their environment in order to maintain their internal organization. Cannabinoids, including those derived from the plant (phytocannabinoids), those produced by our bodies (endocannabinoids), and those synthesized by man (synthetics) can very powerfully promote the death of cancer cells by disrupting their internal organization while minimizing the ability of the environment to support them. Thus, unlike conventional pharmaceuticals and anticancer agents that typically target a single pathway (the magic bullet approach), cannabinoids impact many aspects of cellular and organismic biochemistry to kill cancers. The chemical complexity of concentrated cannabis extracts holistically decreases the probability that a cancer cell can survive while at the same time promoting general health, as evidenced by the anti-aging and health promoting properties that arise from stimulating the endocannabinoids system.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/T_8EvInAp4A" height="1" width="1"/>Janice MeehanWed, 30 May 2012 14:54:45 GMThttp://www.pennypayday.com/street-beat-articles-29/4420-cannabis-science-otcbb-cbis-gets-set-to-release-phytiva.aspxhttp://www.pennypayday.com/street-beat-articles-29/4420-cannabis-science-otcbb-cbis-gets-set-to-release-phytiva.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/SsAkMDXbmNo/4419-teavana-nyse-tea-sales-miss-estimates-shares-tumble.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4419/stock-chart-falls-24_180x120.jpg" title="Teavana (NYSE: TEA) sales miss estimates; shares tumble" alt="Teavana (NYSE: TEA) sales miss estimates; shares tumble" align="left" style="margin-right:10px;" />Orlando, FL 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Specialty tea retailer Teavana Holdings Inc (<a href="http://www.thestreetbeat.com/market-data-125/tea.aspx">NYSE: TEA</a>) reported lower-than-expected quarterly revenue on tepid sales at its stores open at least a year.<br /><br />The company's shares plunged 19 percent to their life-low of $13.60 in early trading. The stock was one of the top percentage losers on the New York Stock Exchange.<br /><br />Net sales rose 27 percent to $44.3 million in the first quarter, but missed estimates of $45.1 million, according to Thomson Reuters I/B/E/S.<br /><br />Comparable sales increased 1.7 percent.<br /><br />Net income rose to $3.5 million, or 9 cents a share, from $3.3 million, or 9 cents a share, a year earlier.<br /><br />Excluding items, it earned 10 cents a share, in line with the average analysts' estimate.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/SsAkMDXbmNo" height="1" width="1"/>Janice MeehanWed, 30 May 2012 14:41:19 GMThttp://www.pennypayday.com/street-beat-articles-29/4419-teavana-nyse-tea-sales-miss-estimates-shares-tumble.aspxhttp://www.pennypayday.com/street-beat-articles-29/4419-teavana-nyse-tea-sales-miss-estimates-shares-tumble.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/6lHZtcuNpzo/4418-wednesdays-biggest-gaining-and-declining-stocks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4418/stock-market-63_180x120.jpg" title="Wednesday’s biggest gaining and declining stocks" alt="Wednesday’s biggest gaining and declining stocks" align="left" style="margin-right:10px;" />Shawshank, VA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Here are some of the biggest gaining and declining stocks on Wednesday morning:<br /><br />Gainers<br /><br />Booz Allen &amp; Hamilton (<a href="http://www.thestreetbeat.com/market-data-125/bah.aspx">NYSE: BAH</a> +14.65%) rose 14% after posting a sharp increase in fiscal fourth-quarter earnings with the help of higher revenue from government markets and improved margins.<br /><br />Fresh Market (<a href="http://www.thestreetbeat.com/market-data-125/tfm.aspx">Nasdaq:TFM</a> +11.87%) jumped almost 13% after the organic grocery chain reported a hefty rise in quarterly profit on robust same-store sales growth and upped its top and bottom line forecast for the rest of the year.<br /><br />Neonode (<a href="http://www.thestreetbeat.com/market-data-125/neon.aspx">NYSE:NEON</a> +25.08%) shares jumped 22%. The company will make a presentation later Wednesday at Cowen &amp; Co.&#8217;s technology, media and telecom Conference in New York.<br /><br />Decliners<br /><br />KBR (<a href="http://www.thestreetbeat.com/market-data-125/kbr.aspx">NYSE:KBR</a> -5.56%) fell about 7% following a management reshuffle announcd late Tuesday.<br /><br />Pep Boys &#8212; Manny Moe &amp; Jack (<a href="http://www.thestreetbeat.com/market-data-125/pby.aspx">NYSE:PBY</a> -21.82%) shares fell 22% on Wednesday after a deal to sell the company to private-equity firm Gores Group fell through.<br /><br />Shares of Perfect World (<a href="http://www.thestreetbeat.com/market-data-125/pwrd.aspx">NYSE:PWRD</a> -14.26%) shed 14%. The Chinese online gaming company said late Tuesday first-quarter earnings fell 21% from a year ago and issued a disappointing outlook.<br /><br />Research In Motion Ltd. (<a href="http://www.thestreetbeat.com/market-data-125/rimm.aspx">Nasdaq:RIMM</a> -7.38%) shares fell 10%. Late Tuesday, the BlackBerry maker said it would likely post a first-quarter operating loss &#8212; a reflection of &#8220;lower volumes and highly competitive pricing dynamics in the marketplace,&#8221; according to Chief Executive Thorsten Heins. <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/6lHZtcuNpzo" height="1" width="1"/>Andy DufraneWed, 30 May 2012 14:33:43 GMThttp://www.pennypayday.com/street-beat-articles-29/4418-wednesdays-biggest-gaining-and-declining-stocks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4418-wednesdays-biggest-gaining-and-declining-stocks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/v1CsAywNTQA/4417-osiris-nasdaq-osir-receives-medicare-reimbursement-codes-for-grafix.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4417/stock-happy-15_180x120.jpg" title="Osiris (Nasdaq: OSIR) Receives Medicare Reimbursement Codes for Grafix®" alt="Osiris (Nasdaq: OSIR) Receives Medicare Reimbursement Codes for Grafix®" align="left" style="margin-right:10px;" />Shawshank, VA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Osiris Therapeutics, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/osir.aspx">Nasdaq:OSIR</a>), the leading stem cell company focused on developing and commercializing products to treat medical conditions in inflammatory, cardiovascular, orthopedic, and wound healing markets, announced yesterday that it has received transitional pass-through status from the Center for Medicare &amp; Medicaid Services (&#8220;CMS&#8221;), with C-Codes being designated for Grafix&#174;. Further, the product has been assigned pass-through status under Medicare's outpatient prospective payment system (&#8220;OPPS&#8221;), effective July 1, 2012. These codes will assist in facilitating reimbursement when Grafix products are used to treat Medicare patients with acute and chronic wounds in the hospital outpatient department and ambulatory surgical center settings.<br /><br />&#8220;We are very pleased with CMS, and their decision to assign pass-through codes for our Grafix line of Biosurgery products,&#8221; said Frank Czworka, Executive Director, Wound Care of Osiris Therapeutics. &#8220;This step will allow more Medicare patients and their providers to have greater access to these next-generation regenerative medicine products."<br /><br />CMS also issued a preliminary positive decision for the assignment of permanent Healthcare Common Procedure Coding System (HCPCS) Q-codes for Grafix. If the decision is made permanent, it is anticipated that the Q-codes would be available starting in January 2013. The assignment of unique Q-codes will assist in facilitating reimbursement in the physician office setting, offering additional access for Medicare patients.<br /><br />Non-healing wounds remain a serious unmet medical need and result in over 100,000 amputations each year in the United States alone. Current treatment options include growth factors and bioengineered dressings. However, when chronic wounds fail to respond to current standards of care, new advances are needed. Research shows that mesenchymal stem cells (MSCs) in normal skin play a critical role in the wound healing process. Grafix is the only commercially available product that provides viable, endogenous MSCs together with growth factors and an optimal tissue matrix, making it well suited to promote active dermal healing.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/v1CsAywNTQA" height="1" width="1"/>Andy DufraneWed, 30 May 2012 14:14:09 GMThttp://www.pennypayday.com/street-beat-articles-29/4417-osiris-nasdaq-osir-receives-medicare-reimbursement-codes-for-grafix.aspxhttp://www.pennypayday.com/street-beat-articles-29/4417-osiris-nasdaq-osir-receives-medicare-reimbursement-codes-for-grafix.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Rf3hYvnnsA4/4416-strong-texas-economy-and-new-housing-numbers-benefit-lig-assets-pk-liga.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4416/texas-housing-recovery_180x120.jpg" title="Strong Texas Economy and New Housing Numbers Benefit LIG Assets (PK: LIGA)" alt="Strong Texas Economy and New Housing Numbers Benefit LIG Assets (PK: LIGA)" align="left" style="margin-right:10px;" />Shawshank, VA 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Purchases of new homes increased 3.3 percent in April from the previous month to an annual pace of 343,000 according to the Commerce Department. U.S. home builders are reporting their most-improved spring selling season in seven years as record low mortgage rates, job gains, and shrinking inventories draw buyers to sales offices that have been quiet since the property market collapse. After dragging the economy into recession, housing is set to "contribute modestly" to growth, said Vincent Foley, a credit analyst for Barclays in New York.<br /> <br />CNBC's latest report on the American housing market reiterates the strong home sales numbers in the U.S. and their effect on the overall market. As sales continue to rise throughout the county, we're not seeing a significant increase in inventory. These two factors together are causing price stabilization and even pricing increases in some select real estate market.<br /> <br />The Texas housing market also has fared better than many. The mortgage delinquency rate (the portion of borrowers three months behind on payments) is 5.78 percent, compared with 8.78 nationwide, according to First American CoreLogic. That's partly because relaxed zoning codes and abundant land kept both price appreciation and speculation down. "House prices didn't experience a bubble in the same way as the rest of the nation," said Anil Kumar, senior economist at the Federal Reserve Bank of Dallas. But it's also because of two attributes not commonly associated with the Longhorn State: financial restraint and comparatively strong regulation. Unlike many of its neighbors, Texas has state laws that prohibited consumers from using home-equity lines of credit to increase borrowing to more than 80 percent of the value of their homes. The upshot: Dallas housing prices have fallen only 7 percent from their 2007 peak, according to the Case-Shiller index.<br /> <br />LIG Assets, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/liga.aspx">Pinksheets: LIGA</a>) headquartered in the downtown Dallas, TX office building at 1700 Pacific Ave. is focused primarily on income producing properties in commercial and residential real estate in stable Texas cities. Properties currently generating cash flow for LIG Assets include nearly 300 residential properties throughout Texas with the vast majority purchased since 2009. The Company says debt is covered two times by revenue from the properties. LIG Assets has plans to construct larger projects that include an apartment building, storage facilities, a retirement living project, and possibly even mobile home parks.<br /> <br />Quarterly earnings posted on Friday continue to show positive net income. CEO Jeff Love stated, "First quarter earnings are typically hampered by our need to pay property taxes during that time of the year. Despite this drain on cash, we were still able to report positive net income, and we anticipate much strong results in the coming quarters."<br /> <br />While demand for existing homes has been on the rise in recent months, the improvement in sales of new homes signals that the growing appetite for residential real estate goes beyond foreclosures and other distress sales targeted by investors. Traditional homebuyers, including those who have to sell another property to upgrade, are coming off the fence, Stan Humphries, Zillow Inc.'s chief economist said.<br /> <br />Mortgage rates for 30-year loans fell to 3.78 percent in the week ended Thursday, the lowest in Freddie Mac records dating back to 1971. The Federal Reserve has pledged to hold interest rates near zero through the end of 2014 and has bought home-loan bonds to lower borrowing costs.<br /> <br />A recent report issued titled "LIGA Inc. Has Home Run Written All Over It" by Rob Goldman of Goldman Small Cap Research (www.goldmanresearch.com) forecasts $5.0 million in income for 2012 up from $1.3 million in 2011, and could approach $10 million if some portfolio assets are sold. At a multiple of just 7x 2012 EPS, Goldman derives a price target of $0.50. Goldman released an updated report yesterday after the close of trading yesterday and reiterated his forecasted numbers.<br /> <br />It should be noted that LIG Assets also has other divisions that could add to earnings this year. The Company retains ownership of 45% of SuiteMagic, which owns patent-pending software for internet-based television and cable programming, interactive game content, as well as a host of other goods and services for the hospitality industry. This will be sold to hotel and motel chains as a significant upgrade to existing systems largely controlled currently by LodgeNet. LIG Assets believes income from just this division could surpass other income within two years.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Rf3hYvnnsA4" height="1" width="1"/>Andy DufraneWed, 30 May 2012 14:07:14 GMThttp://www.pennypayday.com/street-beat-articles-29/4416-strong-texas-economy-and-new-housing-numbers-benefit-lig-assets-pk-liga.aspxhttp://www.pennypayday.com/street-beat-articles-29/4416-strong-texas-economy-and-new-housing-numbers-benefit-lig-assets-pk-liga.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/UKVbJFWhEbU/4415-booz-allen-hamilton-nyse-bah-earnings-jump-to-506-million.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4415/profit-increase-12_180x120.jpg" title="Booz Allen Hamilton (NYSE: BAH) earnings jump to $50.6 million" alt="Booz Allen Hamilton (NYSE: BAH) earnings jump to $50.6 million" align="left" style="margin-right:10px;" />Northern, WI 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- McLean-based Booz Allen Hamilton Holding Corp. (<a href="http://www.thestreetbeat.com/market-data-125/bah.aspx">NYSE: BAH</a>) reported a surge in profits in its latest quarter as revenue rose. Stock in the company rose on news of a special cash dividend.<br /><br />Booz Allen Hamilton Holding, the parent company of management and technology consulting firm Booz Allen Hamilton Inc., reported net income of $50.1 million, or 36 cents per diluted share, in the company's fiscal 2012 fourth quarter ended March 31. That compares with net income of $18.1 million, or 13 cents per diluted share, in the year ago period.<br /><br />Revenue in the quarter rose 3 percent to $1.54 billion, compared with $1.49 billion a year ago.<br /><br />For the entire fiscal year 2012, Booz Allen reported net income of $240 million, or $1.70 per diluted share. That compares with $84.7 million, or 66 cents per diluted, in fiscal 2011. Revenue in fiscal 2012 rose nearly 5 percent to $5.86 billion, from $5.59 billion in the prior year.<br /><br />Booz Allen reported a backlog of $10.8 billion as of March 31, down from $10.9 billion a year ago.<br /><br />Booz Allen also said in a statement announcing its earnings Wednesday that it had declared a regular quarterly cash dividend in the amount of 9 cents per share and a special cash dividend of $1.50 per share. Both the quarterly and special dividend are payable on June 29, 2012, to stockholders of record on June 11, 2012.<br /><br />Shares of Booz Allen Hamilton (NYSE: BAH), which closed Tuesday at $14.88, rose as much as 20 percent to $18.00 in pre-open trading Wednesday, according to MarketWatch.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/UKVbJFWhEbU" height="1" width="1"/>Steve KanavalWed, 30 May 2012 14:00:34 GMThttp://www.pennypayday.com/street-beat-articles-29/4415-booz-allen-hamilton-nyse-bah-earnings-jump-to-506-million.aspxhttp://www.pennypayday.com/street-beat-articles-29/4415-booz-allen-hamilton-nyse-bah-earnings-jump-to-506-million.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/QWRPVRo5BJY/4414-fresh-market-nasdaq-tfm-1q-profit-rises-lifts-2012-outlook.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4414/wlst-30_180x120.jpg" title="Fresh Market (Nasdaq: TFM) 1Q profit rises, lifts 2012 outlook" alt="Fresh Market (Nasdaq: TFM) 1Q profit rises, lifts 2012 outlook" align="left" style="margin-right:10px;" />Northern, WI 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Fresh Market's (<a href="http://www.thestreetbeat.com/market-data-125/tfm.aspx">Nasdaq:TFM</a>) first-quarter net income climbed 43 percent and the grocer bumped up its outlook for the year Wednesday citing strong sales to begin 2012.<br /><br />Fresh Market earned $19.3 million, or 40 cents per share, for the period ended April 29. That's up from $13.5 million, or 28 cents per share, a year ago.<br /><br />This topped the 36 cents per share that analysts polled by FactSet expected.<br /><br />Revenue rose 23 percent to $324.8 million from $264.5 million, beating Wall Street's $310.6 million.<br /><br />The number of transactions climbed 5.7 percent during the quarter, while the average transaction size increased 2.5 percent.<br /><br />Revenue at stores open at least a year climbed 8.2 percent. This metric is a key gauge of a retailer's health because it excludes results the volatility from stores recently opened or closed.<br /><br />Fresh Market now expects fiscal 2012 earnings of $1.28 to $1.34 per share, up from $1.26 to $1.31 per share.<br /><br />Analysts predict earnings of $1.30 per share.<br /><br />Fresh Market Inc., based in Greensboro, N.C., had 116 stores in 21 states in the Southeast, Midwest, Mid Atlantic and Northeast as of Wednesday.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/QWRPVRo5BJY" height="1" width="1"/>Steve KanavalWed, 30 May 2012 13:55:23 GMThttp://www.pennypayday.com/street-beat-articles-29/4414-fresh-market-nasdaq-tfm-1q-profit-rises-lifts-2012-outlook.aspxhttp://www.pennypayday.com/street-beat-articles-29/4414-fresh-market-nasdaq-tfm-1q-profit-rises-lifts-2012-outlook.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/frWS_uBAMg4/4413-pep-boys-nyse-pby-in-the-junkyard-shares-plunge-after-buyout-deal-cancelled.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4413/stock-down-arrow-46_180x120.jpg" title="Pep Boys (NYSE: PBY) In The Junkyard: Shares Plunge After Buyout Deal Cancelled" alt="Pep Boys (NYSE: PBY) In The Junkyard: Shares Plunge After Buyout Deal Cancelled" align="left" style="margin-right:10px;" />Palm Beach, FL 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Pep Boys Manny, Moe &amp; Jack (<a href="http://www.thestreetbeat.com/market-data-125/pby.aspx">NYSE: PBY</a>) shares crashed this morning after investors learned that private-equity shop Gores Groups will walk away from the $791 million deal to buy the auto-parts retailer. Gores cited serious problems with Pep Boys&#8217; business.<br /><br />Shares of Pep Boys tumbled 22.5% to $8.59 in pre-market trading. Pep Boy shares have been under pressure for much of May, as Gores sought to delay the shareholder meeting to vote on the deal. After Gores initially agreed to the deal, Pep Boys stock stayed near the $15 offer price.<br /><br />Pep Boys has sought a buyer for several years now, as its business deteriorated. Its profits were virtually flat in the first quarter, after a $8 million loss a quarter earlier. Its stock has dropped 43% in the past five years.<br /><br />Meanwhile, other auto-parts retailers have raced ahead, taking advantage of Americans&#8217; need to keep used cars running longer. AutoZone stock has risen more than 200% since 2007, while profit went from $509 million to $849 million. Advance Auto Parts shares increased 83%, and its net income grew from $238 million to $395 million. O&#8217;Reilly Automotive grew 165.1% on profits rising from $194 million to $508 million.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/frWS_uBAMg4" height="1" width="1"/>Ashley MontgomeryWed, 30 May 2012 13:36:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4413-pep-boys-nyse-pby-in-the-junkyard-shares-plunge-after-buyout-deal-cancelled.aspxhttp://www.pennypayday.com/street-beat-articles-29/4413-pep-boys-nyse-pby-in-the-junkyard-shares-plunge-after-buyout-deal-cancelled.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Ift063jzLiQ/4412-apple-nasdaq-aapl-gears-up-for-new-products.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4412/apple-products_180x120.jpg" title="Apple (Nasdaq: AAPL) Gears Up for New Products" alt="Apple (Nasdaq: AAPL) Gears Up for New Products" align="left" style="margin-right:10px;" />Palm Beach, FL 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Apple Inc. (<a href="http://www.thestreetbeat.com/market-data-125/aapl.aspx">Nasdaq: AAPL</a>) chief executive Tim Cook teed up big expectations for the world's largest technology company, saying in an interview that the company is preparing to release some "incredible" new products.<br /><br />But, pressed about possibilities such as whether Apple would develop a smaller iPhone or a television, he gave no details, vowing to "double down" on product secrecy.<br /><br />During his remarks during the Tuesday evening opening interview at the D: All Things Digital conference&#8212;his first appearance at the annual event&#8212;Mr. Cook stressed continuity with his predecessor, Steve Jobs, who handed him the reins in August. Mr. Jobs died in October.<br /><br />Mr. Cook said that Apple would continue to innovate and hinted at big things ahead. "The juices are flowing," he said. "We have some incredible things coming out."<br /><br />But the 51-year-old Apple veteran also provided a rare hint of how he is doing things differently than his predecessor Steve Jobs, whose legacy include a culture that prized secrecy.<br /><br />He said Apple would be more transparent about issues related to social change, he added, including labor rights in China, where Apple has faced continue scrutiny.<br /><br />Mr. Cook said he hoped more components for Apple products would be made in the U.S. Noting that iPhone's processor and glass covering are made in the U.S., he said: "We will do as many of these as we can."<br /><br />He also said he spends less time on design and marketing than Mr. Jobs, who had a particular passion and reputation for micromanaging those functions.<br /><br />The Apple leader had little to say about one issue the tech and media worlds are on pins and needles about: whether the technology company plans to build a television or create a new type of television content service.<br /><br />Mr. Cook dodged the question as he has in the past, highlighting the growth of Apple's existing $99 Apple TV box. Mr. Cook called the device, which is still relatively a niche product, "an area of intense interest for us."<br /><br />"We are going to keep pulling this string and see where it takes us," he said.<br /><br />He said Apple would consider issues like whether the company could "control the key technology" in assessing whether to do more. But he also refused to address whether the company would do so.<br /><br />When pressed about whether Apple would release different versions of the iPhone and iPad in different sizes, Mr. Cook said, "There is not a policy or commandment that thou shalt have one. If we find we can do more, great."<br /><br />He did identify one priority&#8212;Siri the voice-response technology Apple delivered with its latest iPhone, which has received some criticism for not working consistently.<br /><br />"There is more that it can do," Mr. Cook said. "I think you'll be really pleased with some things you will see over the coming months."<br /><br />Mr. Cook told the audience to "stay tuned" on the question of whether Apple would strike a partnership with Facebook Inc., the social-networking juggernaut that still isn't integrated into the iPhone in a meaningful way. The relationship between the technology powerhouses is a topic of persistent gossip in Silicon Valley, particularly as Apple has struck such a deal with social service Twitter. "I think we can do more with them," he said.<br /><br />Mr. Cook also addresses his frustration with the company's proliferating patent battles with Samsung Electronics Co. and other smartphone rivals. While defending Apple's action against other companies for copying what he regards as Apple's creative works, he reiterated his views it is unfair for Samsung and others to sue Apple for infringing patents that are considered essential to building phones compatible with industrywide technology standards.<br /><br />Owners of so-called standards essential patents agree to license them on fair, reasonable and nondiscriminatory terms. "There is some of this that is maddening," Mr. Cook said.<br /><br />The conference, like The Wall Street Journal, is owned by News Corp.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Ift063jzLiQ" height="1" width="1"/>Ashley MontgomeryWed, 30 May 2012 13:25:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4412-apple-nasdaq-aapl-gears-up-for-new-products.aspxhttp://www.pennypayday.com/street-beat-articles-29/4412-apple-nasdaq-aapl-gears-up-for-new-products.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/-qMRAYBfxHc/4411-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4411/wall-st1-62_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Palm Beach, FL 5/30/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were mostly lower in Asian trade. The Hang Seng was among the worst with a 1.9% decline, Australia lost a half percent, the Nikkei fell a quarter percent and Shanghai was down a slight fraction. European indexes are mostly lower, with the Footsie off 1.1% and the Dax down about a half of a percent. US stock futures are off by about a half of a percent as I write.<br /> <br />*The April reading of Australian Retail Sales is -0.2% on a monthly basis, well short of the two tenth gain that was expected.<br /> <br />*Italy sold EU5.73 billion of five and ten year debt earlier this morning, but that was short of the maximum target of EU6.25 billion. Disappointment is showing up in the 10 Year yield, a four month high above 5.90%.<br /> <br />*The European Commission said in a report released this morning that they could envision using the ESM permanent rescue fund to directly bail-out troubled Euro Zone banks.<br /> <br />*Speaking of bailing out banks; the ECB denied a report that it had rejected a plan by Spain to recapitalize Bankia, noting that it had not been consulted on the matter and had not taken a position on it.<br /> <br />*All things considered, the German Bund remains a popular hiding place, as evidenced by new all-time low yield at about 1.30%.<br /> <br />*Germany&#8217;s FinMin will host a meeting with his Spanish counterpart in Berlin today; no post meeting statement is planned, but they might be tempted by a microphone.<br /> <br />*In April there were 51.8k mortgage approvals in the UK, according to the Bank of England.<br /> <br />*US mortgage applications were down 1.3% in the week ended May 25, according to the Mortgage Bankers Association; both key components were lower on the week.<br /> <br />*Just a reminder; the ADP Jobs guess is postponed until Thursday morning because of the US holiday on Monday. Also pushed back a day is the weekly report on energy inventories.<br /> <br />*The weekly report on chain store sales from ICSC showed on a week on week basis for the week ended May 26. The Johnson Redbook report on the same thing is due out at 7:55am CDT.<br /> <br />*The April reading of Pending Home Sales is due out at 9:00am CDT, it is expected to be unchanged on a monthly basis.<br /> <br />*The Fed is scheduled to buy Treasuries today that are due to mature between 8/15/20 and 5/15/22; the results of the operation will be announced just after 10:00am CDT.<br /> <br />*There is a bit of Fed speak on the calendar today, including: Dallas Fed&#8217;s Fisher is set to speak on the economy at 12:20pm CDT; New York Fed boss Dudley talks about the regional economy at 12:30pm CDT; and Boston&#8217;s Rosengren speaks at 3:30pm CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/-qMRAYBfxHc" height="1" width="1"/>Ashley MontgomeryWed, 30 May 2012 13:15:46 GMThttp://www.pennypayday.com/street-beat-articles-29/4411-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4411-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/oHqr532tOZw/4410-who-ya-gonna-call.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4410/man-on-phone_180x120.jpg" title="Who ya gonna call…" alt="Who ya gonna call…" align="left" style="margin-right:10px;" />Palm Beach, FL 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- If there&#8217;s sonethin&#8217; strange in your Eurohood<br />Who ya gonna call&#8230;<br /><br />The ECB, I&#8217;ll call the ECB, that&#8217;s who I&#8217;m gonna call to clean up this euro debt crisis. Hmmm, nobody&#8217;s answering at the central bank; that&#8217;s strange, their phone is on call forward to Euro Zone politicians.<br /><br />We are living at a critical juncture in the history of the Union. The sovereign debt crisis has exposed serious weaknesses in the institutional framework; in this context, the difficulties in finding common solutions are having a negative impact on market valuations. The extraordinary measures taken by the ECB have gained us time; they have preserved the functioning of monetary policy.<br /><br />But we have now reached a point where European integration, in order to survive, needs a bold leap of political imagination. It is in this sense that I have referred to the need for a &#8220;growth compact&#8221; alongside the well-know &#8220;fiscal compact&#8221;.<br /><br /> ECB President Mario Draghi spoke in Rome on May 24<br /><br />ECB Governing Board member Jens Weidmann told Le Monde newspaper on May 25 that the central bank had &#8220;reached the limit of our mandate particularly&#8221; with unconventional measures. He said, in essence, call the politicos; &#8220;governments must take responsibility and not subcontract to monetary policy.&#8221; Or maybe call a rehab clinic; ECB cash injections &#8220;have helped save time but don&#8217;t solve the structural causes of the crisis. It&#8217;s like morphine: they relive the pain, but don&#8217;t cure the disease.&#8221; <br /><br />He can&#8217;t mean that; maybe if I speak with him at his Frankfurt office to see if he can give Greece just one more break, help them to take just one more step in their twelve step program. The Bundesbank; that&#8217;s who I&#8217;m gonna call. Hmmm&#8230;automated phone system...hit five for Greece commentary&#8230;<br /><br />Current developments in Greece are extremely worrying. Greece is threatening not to implement the reform and consolidation measure that were agreed in return for the large-scale aid programmes. This jeopardizes the continued provision of assistance. Greece would have to bear the consequences of such a scenario. The challenges this would create for the euro area and Germany would be considerable, but manageable give prudent crisis management. By contrast, a significant dilution of existing agreements would damage confidence in all euro-area agreements and treaties and strongly weaken incentives for national reform and consolidation measures. In such circumstances the institutional status quo comprising liability, control and individual responsibility of member states would be fundamentally called into question.<br /><br />When the Eurosystem provided Greece with large amounts of liquidity, it trusted that the programmes would be implemented and thereby ultimately assumed considerable risks. In the light of the current situation, it should not significantly increase these risks. Instead, the parliaments and governments of the member states should decide on the manner in which any further financial assistance is provided and therefore whether the associated risks should be assumed.<br /><br />Bundesbank Monthly Report, May 2012: The Current Economic Situation in Germany; current developments in Greece.<br /><br />Well, I guess I&#8217;m gonna call some Euro Zone politicians, that&#8217;s who I&#8217;m gonna call; but who? French President Francois Hollande is the growth guy Draghi is looking for; he&#8217;s all in on the idea of euro bonds to fix what ails the Eurohood. The all-for-one-and-one-for-all-bonds in which everyone, from Germany down to Greece, back the securities with the combined power of all seventeen euro country balance sheets. Hollande likes it, but not all of his peers are with him; &#8220;Some countries are totally hostile,&#8221; he said after the EU summit/dinner, adding that others &#8220;can imagine them in the future, some can imagine doing them much more quickly. I was not alone.&#8221; It can be said that the appointed Italian boss Mario Monti is also a euro bond fan; it&#8217;s German Chancellor Angela Merkel who &#8220;totally&#8221; is not. Monti however thinks he can make Merkel see the light. <br /><br />Maybe I should call Merkel, but then again euro bonds are not her call to make, no matter how she feels about them. Andreas Vosskuhle is the head of Germany&#8217;s Constitutional Court; last fall he nixed the joint bond idea, explaining to the Frankfurter Allgemeine, &#8220;The sovereignty of the German state is inviolate and anchored in perpetuity by basic law. It may not be abandoned by the legislature. There is little leeway left for giving up core powers to the EU. If one wants to go beyond this limit&#8212;which might be politically legitimate and desirable&#8212;then Germany must give itself a new constitution. A referendum would be necessary. This cannot be done without the people.&#8221; The court, Vosskuhle said, had given its blessing to the package of measures that have been agreed to so far, but &#8220;our judgment makes clear that the Bundestag cannot abdicate its fiscal responsibilities to other actors. And no permanent mechanism may be created that entails taking over the liabilities of other states,&#8221; and that includes euro bonds. <br /><br />Maybe I should call Vosskuhle, but then again there&#8217;s a new idea being backed by a couple of German economists about doing a color coded bond system that they think will end run the Constitutional Court prohibition. This plan has group support bonds, and therefore lower interest rates, for debt burdens that fall inside the 60 percent of GDP allowance, as per the founding treaties; these are the blue bonds. The red bonds are for debt burdens that exceed the treaty parameters and this debt would be the sole responsibility of the countries that overstepped the spending guidelines; higher rates for some, Greece for instance, and lower for others, Germany, let&#8217;s say. <br /><br />Well, maybe I should call the Greek Prime Minister to see what he thinks about the situation. After all, his country is the epicenter of the action, so maybe he has a good suggestion about how to fix what ails the Eurohood. OK, one ringy dingy&#8230;two ringy dingy&#8230;three ringy dingy&#8230;hmmm, I wonder why no one is picking up&#8230;four ringy dingy&#8230;<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/oHqr532tOZw" height="1" width="1"/>Ashley MontgomeryTue, 29 May 2012 15:56:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4410-who-ya-gonna-call.aspxhttp://www.pennypayday.com/street-beat-articles-29/4410-who-ya-gonna-call.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/KaF7ZAbe0OY/4409-facebook-nasdaq-fb-tries-tries-again-on-a-smartphone.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4409/facebook-phone-thumb_180x120.jpg" title="Facebook (Nasdaq: FB) Tries, Tries Again on a Smartphone" alt="Facebook (Nasdaq: FB) Tries, Tries Again on a Smartphone" align="left" style="margin-right:10px;" />Northern, WI 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Can a software company build its own smartphone? We may find out soon.<br /><br />This past week, Google (<a href="http://www.thestreetbeat.com/market-data-125/goog.aspx">Nasdaq: GOOG</a>) completed its acquisition of the hardware maker Motorola Mobility for $12.5 billion, which could lead to the search giant's making its own smartphone. But another software titan might be getting into the hardware game as well: Facebook (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">Nasdaq: FB</a>).<br /><br />Employees of Facebook and several engineers who have been sought out by recruiters there, as well as people briefed on Facebook's plans, say the company hopes to release its own smartphone by next year. These people spoke only on the condition of anonymity for fear of jeopardizing their employment or relationships with Facebook.<br /><br />The company has already hired more than half a dozen former Apple software and hardware engineers who worked on the iPhone, and one who worked on the iPad, the employees and those briefed on the plans said.<br /><br />This would be Facebook's third effort at building a smartphone, said one person briefed on the plans and one who was recruited. In 2010, the blog TechCrunch reported that Facebook was working on a smartphone. The project crumbled after the company realized the difficulties involved, according to people who had worked on it. The Web site AllThingsD reported last year that Facebook and HTC had entered a partnership to create a smartphone, code-named "Buffy," which is still in the works.<br /><br />Now, the company has been going deeper into the process, by expanding the group working on Buffy, and exploring other smartphone projects too, creating a team of seasoned hardware engineers who have built the devices before.<br /><br />One engineer who formerly worked at Apple (<a href="http://www.thestreetbeat.com/market-data-125/aapl.aspx">Nasdaq: AAPL</a>) and worked on the iPhone said he had met with Mark Zuckerberg, Facebook's chief executive, who then peppered him with questions about the inner workings of smartphones. It did not sound like idle intellectual curiosity, the engineer said; Mr. Zuckerberg asked about intricate details, including the types of chips used, he said. Another former Apple hardware engineer was recruited by a Facebook executive and was told about the company's hardware explorations.<br /><br />When asked Friday, Facebook did not deny or confirm that a project to build a smartphone existed, but pointed to a previous statement it gave to AllThingsD last year that said in part, "We're working across the entire mobile industry; with operators, hardware manufacturers, OS providers, and application developers."<br /><br />For Facebook, the motivation is clear; as a newly public company, it must find new sources of revenue, and it fears being left behind in mobile, one of the most promising areas for growth.<br /><br />"Mark is worried that if he doesn't create a mobile phone in the near future that Facebook will simply become an app on other mobile platforms," a Facebook employee said.<br /><br />Facebook is going to great lengths to keep the phone project a secret, specifically not posting job listings on the company's job Web site, but instead going door-to-door to find the right talent for the project.<br /><br />But can a company that is wired as a social network learn how to build hardware? Mixing the cultures of hardware and software designers is akin to mixing oil and water. With the rare exception of Apple, other phone makers aren't very good at this.<br /><br />The biggest names in consumer electronics have struggled with phone hardware. Hewlett-Packard tried and failed. So did Dell. Sony has never done very well making phones.<br /><br />"Building isn't something you can just jump into," explained Hugo Fiennes, a former Apple hardware manager for the first four iPhones who has since left Apple and is starting a new hardware company,Electric Imp. "You change the smallest thing on a smartphone and you can completely change how all the antennas work. You don't learn this unless you've been doing it for a while."<br /><br />He added, "Going into the phone business is incredibly complex."<br /><br />Facebook also faces hurdles, often of its own making, on mobile. Twitter, for example, is fully integrated into the Apple iPhone and allows people to seamlessly send Twitter messages with photos or article links. Facebook, which has had a contentious relationship with Apple, is still not integrated into iOS.<br /><br />One Facebook employee said the phone project had been rebooted several times because Facebook originally thought it could figure out hardware on its own. The company has since learned that it needed to bring in people with phone-making experience, several people said. So it is hiring hardware engineers to work with a phone manufacturer and design the shape, style and inner workings of a Facebook phone.<br /><br />Despite the difficulties, Facebook seems well positioned in certain ways to enter the smartphone market. It already has an entire operating system complete with messaging, calendar, contacts and video, and an immense app store is on its way with thousands of highly popular apps. There's also that billion-dollar camera app, in the form of Instagram.<br /><br />If Facebook fails with its own team of engineers, it could buy a smartphone maker. The company took in $16 billion from its bumpy I.P.O. It could easily scoop up an infirm company like Research in Motion, which is valued at less than $6 billion, and drop a beautifully designed Facebook operating system on top of RIM's phones. HTC, which is upset with Google for buying Motorola, is worth about $11.8 billion and becoming cheaper by the day.<br /><br />Facebook would not necessarily challenge Apple if it entered the smartphone marketplace. Instead, it could be Facebook vs. Google, which makes the Android operating system, with both companies going after a huge number of buyers of lower-priced smartphones.<br /><br />"When you offer an advertising-based phone, you're targeting all the users on prepay that are budget-conscious of their communications costs," said Carolina Milanesi, a vice president and analyst for the Gartner Group.<br /><br />Ms. Milanesi said that at a mass market level, both companies could take the same approach as Amazon, offering low-cost hardware, like the Kindle, and subsidizing some of the costs through advertising.<br /><br />After all, both Facebook and Google make their money through advertising. If the companies have the opportunity to continually put ads in front of people on a smartphone screen, you would think the only question left would be to pick the right ringtone that makes that ka-ching sound.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/KaF7ZAbe0OY" height="1" width="1"/>Steve KanavalTue, 29 May 2012 15:47:12 GMThttp://www.pennypayday.com/street-beat-articles-29/4409-facebook-nasdaq-fb-tries-tries-again-on-a-smartphone.aspxhttp://www.pennypayday.com/street-beat-articles-29/4409-facebook-nasdaq-fb-tries-tries-again-on-a-smartphone.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/N7ISe1WLgIs/4408-lecroy-nasdaq-lcry-shares-up-over-55-after-company-agrees-to-teledyne-takeover.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4408/stock-research-29_180x120.jpg" title="LeCroy (Nasdaq: LCRY) shares up over 55% after company agrees to Teledyne takeover" alt="LeCroy (Nasdaq: LCRY) shares up over 55% after company agrees to Teledyne takeover" align="left" style="margin-right:10px;" />Northern, WI 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Teledyne Technologies (<a href="http://www.thestreetbeat.com/market-data-125/tdy.aspx">NYSE:TDY</a>), a provider of electronic subsystemsand instrumentation, said this morning that it will acquire LeCroy Corporation (<a href="http://www.thestreetbeat.com/market-data-125/lcry.aspx">Nasdaq:LCRY</a>) for $291M, including stock options, stock appreciation rights and net debt at March 31. Teledyne will pay $14.30 per share for LeCroy, a supplier of oscilloscopes, protocol analyzers and signal integrity test solutions. LeCroy has approximately 500 employees worldwide and had sales of about $178.1M for the fiscal year ended July 2, 2011. LeCroy may be required to pay Teledyne a termination fee equal to $10.5M and to pay Teledyne&#8217;s expenses up to $1M if the merger is terminated. <br /><br />Stifel Nicolaus Weisel is acting as exclusive financial advisor to LeCroy, while Needham &amp; Company is acting as exclusive financial advisor to Teledyne. Teledyne CEO Dr. Robert Mehrabian says LeCroy will broaden the company's portfolio of analytical instrumentation businesses, while LeCroy CEO Thomas Reslewic believes Teledyne can help the company accelerate its high-end oscilloscope programs to deliver real-time bandwidth well beyond 100GHz. The transaction has been unanimously approved by both boards of directors, and LeCroy directors and officers, including founder Walter LeCroy, agreed to vote their shares in favor of the deal.<br /><br />LeCroy is up $5.06, or 55.41%, to $14.20 in mid-morning trading. Meanwhile, Teledyne is up 30c, or 0.50%, to $60.14.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/N7ISe1WLgIs" height="1" width="1"/>Steve KanavalTue, 29 May 2012 14:50:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4408-lecroy-nasdaq-lcry-shares-up-over-55-after-company-agrees-to-teledyne-takeover.aspxhttp://www.pennypayday.com/street-beat-articles-29/4408-lecroy-nasdaq-lcry-shares-up-over-55-after-company-agrees-to-teledyne-takeover.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/nm5MxmiNsMA/4406-vertex-nasdaq-vrtx-corrects-cystic-fibrosis-data-shares-fall.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4406/stocks-market-crash-39_180x120.jpg" title="Vertex (Nasdaq: VRTX) corrects cystic fibrosis data; shares fall" alt="Vertex (Nasdaq: VRTX) corrects cystic fibrosis data; shares fall" align="left" style="margin-right:10px;" />Shawshank, VA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Vertex Pharmaceuticals Inc (<a href="http://www.thestreetbeat.com/market-data-125/vrtx.aspx">Nasdaq: VRTX</a>) released corrected data involving its cystic fibrosis treatments on Tuesday that lowered the number of patients who showed certain levels of improvedlung function, sending its shares down more than 22 percent.<br /><br />The initial data, released earlier this month, sent Vertex shares soaring on hopes the company could have a multibillion-dollar franchise in the treatment of cystic fibrosis, a life-threatening genetic disorder that affects about 70,000 people worldwide.<br /><br />"The corrected data appear weaker than the original data," ISI Group analyst Mark Schoenebaum said.<br /><br />Vertex blamed the error on a misinterpretation of the data from a vendor involved in the statistical analysis.<br /><br />"This mistake is very disappointing," Chief Executive Officer Jeffrey Leiden told analysts on a conference call. "It's unacceptable to us."<br /><br />Still, Leiden said, the company's conclusions "haven't changed" and that it plans to move forward with a late-stage clinical trial.<br /><br />Cystic fibrosis causes the thin layer of mucus that helps keep the lungs free of germs to become thick, clogging airways and leading to infections that damage the lungs.<br /><br />The phase 2 study involves a combination of Vertex's new cystic fibrosis drug, Kalydeco, with an experimental drug called VX-809.<br /><br />Kalydeco helps only about 4 percent of cystic fibrosis patients with a specific gene mutation. Vertex is testing combinations it hopes will eventually be able to address the larger CF population.<br /><br />The study examined patient performance based on a measure of the maximum amount of air that can be exhaled in one second, known as FEV1.<br /><br />On May 7, Vertex released data that it said showed that about 46 percent of patients experienced an improvement in lung function of 5 percentage points or more based on FEV1. On Tuesday, the company said that figure was actually about 35 percent.<br /><br />The initial results also said about 30 percent of patients experienced an improvement of at least 10 percentage points. That number has been lowered to 19 percent.<br /><br />The company also released data that showed patients on the combination saw an average absolute improvement in lung function of 8.5 percent compared to those taking a placebo.<br /><br />That effect looked more pronounced in part because patients on a placebo saw a decline in lung function that was much greater than expected by Wall Street analysts.<br /><br />Even with the placebo patients worsening, the improvement for patients on the Vertex treatments "is much higher than original Street expectations," Schoenebaum said in a research note.<br /><br />Brian Abrahams, an analyst at Wells Fargo, said in a research note that the early drop in Vertex's shares seemed "excessive" and recommended buying the shares on weakness.<br /><br />"While we are slightly disappointed by the less robust data, the Kalydeco/'809 combo still clearly appears active to us and we believe should still have multi-billion dollar potential."<br /><br />Vertex plans to release final data from the Phase II study by the middle of the year.<br /><br />Vertex shares fell more than 22 percent to $50.41 in early trading on Nasdaq.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/nm5MxmiNsMA" height="1" width="1"/>Andy DufraneTue, 29 May 2012 14:12:25 GMThttp://www.pennypayday.com/street-beat-articles-29/4406-vertex-nasdaq-vrtx-corrects-cystic-fibrosis-data-shares-fall.aspxhttp://www.pennypayday.com/street-beat-articles-29/4406-vertex-nasdaq-vrtx-corrects-cystic-fibrosis-data-shares-fall.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/nwqlPQ7MTSw/4405-tuesdays-biggest-gaining-and-declining-stocks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4405/stock-market-62_180x120.jpg" title="Tuesday’s biggest gaining and declining stocks" alt="Tuesday’s biggest gaining and declining stocks" align="left" style="margin-right:10px;" />Shawshank, VA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Here are some of Tuesday&#8217;s biggest gaining and declining stocks:<br />Gainers<br /><br />D.J. LeCroy (<a href="http://www.thestreetbeat.com/market-data-125/lcry.aspx">Nasdaq: LCRY</a> +55.58%) shares jumped 56%. The firm said on Tuesday that it had agreed to be bought by Teledyne Technologies Inc. for $291 million.<br /><br />Interline Brands (<a href="http://www.thestreetbeat.com/market-data-125/ibi.aspx">NYSE: IBI</a> +39.80%) shares rose 42%. The firm said Tuesday that it is being bought by an investor group that includes Goldman Sachs Group Inc. for about $1.1 billion.<br /><br />Shares of Peabody Energy Corp. (<a href="http://www.thestreetbeat.com/market-data-125/btu.aspx">NYSE: BTU</a> +4.81%) added 6.8% on Tuesday. Analysts at Goldman Sachs upgraded the shares to buy, saying the coal producer&#8217;s future in China, plus current valuations, make the shares attractive.<br /><br />Decliners<br /><br />Vertex Pharmaceuticals Inc. (<a href="http://www.thestreetbeat.com/market-data-125/vrtx.aspx">Nasdaq: VRTX</a> -16.15%) shares fell 19% on Tuesday. Earlier, the biotech firm said that it had revised study results for a recent clinical trial. The company said the trial showed 19% of patients experienced a 10 percentage point improvement or more, well below the 30% it had first seen.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/nwqlPQ7MTSw" height="1" width="1"/>Andy DufraneTue, 29 May 2012 14:06:46 GMThttp://www.pennypayday.com/street-beat-articles-29/4405-tuesdays-biggest-gaining-and-declining-stocks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4405-tuesdays-biggest-gaining-and-declining-stocks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/epVIIjy8GMA/4404-trustmark-nasdaq-trmk-buying-banctrust-nasdaq-btfg-in-554m-transaction.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4404/cash-wad-6_180x120.jpg" title="Trustmark (Nasdaq: TRMK) buying BancTrust (Nasdaq: BTFG) in $55.4M transaction" alt="Trustmark (Nasdaq: TRMK) buying BancTrust (Nasdaq: BTFG) in $55.4M transaction" align="left" style="margin-right:10px;" />Orlando, FL 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Trustmark Corp. (<a href="http://www.thestreetbeat.com/market-data-125/trmk.aspx">Nasdaq: TRMK</a>) is buying BancTrust Financial Group Inc. (<a href="http://www.thestreetbeat.com/market-data-125/btfg.aspx">Nasdaq: BTFG</a>) in a stock deal valued at approximately $55.4 million, helping the bank to expand in Florida and Alabama.<br /><br />The deal, announced Tuesday, values BancTrust stock at $3.08 per share based on Trustmark's closing stock price of $24.66 Friday. This is a 62 percent premium to BancTrust's closing price of $1.90 on Friday.<br /><br />Each BancTrust stockholder will receive 0.125 shares of Trustmark common stock for each BancTrust share they own.<br /><br />Trustmark CEO Gerard Host said the deal would add to the bank's earnings per share in 2013 and later.<br /><br />BancTrust, which is based in Mobile, Ala., has 49 offices in Alabama and Florida, with $1.3 billion in loans and $1.8 billion in deposits as of March 31. Trustmark, based in Jackson, Miss., has more than 170 offices in Florida, Mississippi, Tennessee and Texas.<br /><br />Trustmark also said it plans to buy back $50 million in preferred stock and warrants from the Treasury Department. The stock and warrants were issued by BancTrust as part of the government's bank bailout during the 2008 financial crisis.<br /><br />Both companies' boards have unanimously approved the transaction, which is targeted to close in the fourth quarter. The acquisition still needs the approval of BancTrust shareholders.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/epVIIjy8GMA" height="1" width="1"/>Janice MeehanTue, 29 May 2012 13:56:14 GMThttp://www.pennypayday.com/street-beat-articles-29/4404-trustmark-nasdaq-trmk-buying-banctrust-nasdaq-btfg-in-554m-transaction.aspxhttp://www.pennypayday.com/street-beat-articles-29/4404-trustmark-nasdaq-trmk-buying-banctrust-nasdaq-btfg-in-554m-transaction.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Z-znFvvOmLE/4403-oregon-community-credit-union-expands-relationship-with-online-resources-corporation-nasdaq-orcc.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4403/wlst1-73_180x120.jpg" title="Oregon Community Credit Union Expands Relationship with Online Resources Corporation (Nasdaq: ORCC)" alt="Oregon Community Credit Union Expands Relationship with Online Resources Corporation (Nasdaq: ORCC)" align="left" style="margin-right:10px;" />Orlando, FL 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Online Resources Corporation (<a href="http://www.thestreetbeat.com/market-data-125/orcc.aspx">Nasdaq: ORCC</a>), a leading provider of digital financial services, today announced that Oregon Community Credit Union, the second largest state-chartered credit union in Oregon, has signed a multi-year agreement to extend use of ORCC&#8217;s services by implementing the Architect TMDigital Banking solution.<br /><br />A client of ORCC&#8217;s bill pay services since 2006, Oregon Community Credit Union will now implement Architect to offer members a single user experience for their banking and bill pay services. Both solutions integrate seamlessly with the credit union&#8217;s FIS MISER&#174; core solution.<br /><br />&#8220;Based on our success with their bill pay solution, selecting ORCC again to further enhance our member&#8217;s experience was logical,&#8221; said Darrell Stark, chief retail operations officer for Oregon Community Credit Union. &#8220;For the past six years, ORCC has supported our efforts to provide members a secure and efficient way to make payments, and as our members&#8217; needs evolve, Architect Digital Banking will allow us to customize our interactions and grow our online and mobile channels.&#8221;<br /><br />ORCC&#8217;s Architect solution will enable Oregon Community&#8217;s members to not only have a highly-intuitive, personalized user experience, but one that adapts to user behavior and preferences. Oregon Community will also be able to offer their members new advanced functionality for services such as personal financial management, one-to-one marketing and social media integration. With Architect&#8217;s extensible platform, Oregon Community CU will have full control to easily add or develop their own new and innovative features as new trends or needs emerge as well as manage new configuration and administration as user adoption increases.<br /><br />&#8220;Oregon Community Credit Union exemplifies a strong commitment to providing exceptional, personalized service, and to do so, it knows that its technology must deliver flexibility and control,&#8221; said Eric Labiak, chief sales officer for ORCC. &#8220;We&#8217;re pleased to continue working with Oregon Community and look forward to helping them grow their membership.&#8221;<br /><br />ORCC&#8217;s Architect solution integrates seamlessly with its Advantage banking bill payment solution, where it has been serving community banks and credit unions as an industry leader for more than 15 years. ORCC has connections to core processors and ATM networks that provide real-time access to more than 90 percent of checking accounts in the United States and to the 9,000+ domestic biller endpoints within ORCC&#8217;s Biller Endpoint Network.<br /><br />ORCC Digital Banking and Bill Payment services enable higher electronic rates, faster payment speed and a consistent payment process for its clients and their end users.<br /><br />About Online Resources Corporation<br /><br />Online Resources Corporation (ORCC) powers financial interactions between millions of consumers and the company&#8217;s financial institution and biller clients. Backed by its proprietary payments gateway that links banks directly with billers, the company provides web and phone-based financial services, electronic payments and marketing services to drive consumer adoption. Founded in 1989, ORCC is the largest financial technology provider dedicated to the online channel. For more information, visit www.orcc.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Z-znFvvOmLE" height="1" width="1"/>Janice MeehanTue, 29 May 2012 13:46:18 GMThttp://www.pennypayday.com/street-beat-articles-29/4403-oregon-community-credit-union-expands-relationship-with-online-resources-corporation-nasdaq-orcc.aspxhttp://www.pennypayday.com/street-beat-articles-29/4403-oregon-community-credit-union-expands-relationship-with-online-resources-corporation-nasdaq-orcc.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/TvlDj9rmrxU/4402-interline-brands-nyse-ibi-to-be-bought-by-gs-capital-for-11-billion.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4402/contract-signing1-13_180x120.jpg" title="Interline Brands (NYSE: IBI) To Be Bought By GS Capital For $1.1 Billion" alt="Interline Brands (NYSE: IBI) To Be Bought By GS Capital For $1.1 Billion" align="left" style="margin-right:10px;" />Atlanta, GA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Interline Brands Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ibi.aspx">NYSE: IBI</a>) agreed to be bought by affiliates of GS Capital Partners LP and P2 Capital Partners LLC in a deal valued at $1.1 billion including debt.<br /><br />Interline shareholders will receive $25.50 a share, a premium of 42 percent over the closing price on May 25, according to a statement from Jacksonville, Florida-based Interline today. The company may solicit alternative proposals through June 28.<br /><br />&#8220;This agreement provides excellent value to shareholders,&#8221; said Michael J. Grebe, Interline&#8217;s chairman and chief executive officer. &#8220;Interline has operated successfully in both public and private settings in the past. As we now look forward, GS Capital Partners and P2 Capital Partners have a shared vision of our value creation opportunities and the actions needed to realize them.&#8221;<br /><br />In addition to equity from funds managed by GS Capital Partners and P2 Capital Partners, members of Interline&#8217;s management plan to invest a portion of their proceeds from the transaction, according to the statement. The company&#8217;s board of directors approved the offer.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/TvlDj9rmrxU" height="1" width="1"/>Bob BenderTue, 29 May 2012 13:35:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4402-interline-brands-nyse-ibi-to-be-bought-by-gs-capital-for-11-billion.aspxhttp://www.pennypayday.com/street-beat-articles-29/4402-interline-brands-nyse-ibi-to-be-bought-by-gs-capital-for-11-billion.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/1EhvEkEGcPU/4401-samsungs-pinksheets-ssnlf-galaxy-s3-gets-head-start-on-rival-iphone.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4401/galaxy-s3-versus-iphone-4s_180x120.jpg" title="Samsung's (Pinksheets: SSNLF) Galaxy S3 gets head start on rival iPhone" alt="Samsung's (Pinksheets: SSNLF) Galaxy S3 gets head start on rival iPhone" align="left" style="margin-right:10px;" />Atlanta, GA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Samsung Electronics (<a href="http://www.thestreetbeat.com/market-data-125/ssnlf.aspx">Pinksheets: SSNLF</a>) launched its top-of-the-range Galaxy S3 smartphone in Europe on Tuesday, aiming to outsell the previous model that helped the South Korean company topple Apple (<a href="http://www.thestreetbeat.com/market-data-125/aapl.aspx">Nasdaq: AAPL</a>) s the world's largest smartphone maker.<br /><br />The Galaxy S3, which tracks the user's eye movements to keep the screen from dimming or turning off while in use, hits stores in 28 European and Middle East countries, including Germany and Britain, as Samsung aims to widen the gap with Apple months ahead of its rival's new iPhone, expected in the third quarter.<br /><br />In the kind of anticipation that has become the norm for Apple gadget releases, about 50 customers queued outside the BASE mobile phone shop in Berlin on Monday night eager to be the first to lay their hands on the S3.<br /><br />The smartphone, running on Google's (<a href="http://www.thestreetbeat.com/market-data-125/goog.aspx">Nasdaq: GOOG</a>) Android operating system, boasts a 4.8-inch screen, one of the largest on smartphones ever, and much bigger than the 3.5-inch display on the iPhone 4S.<br /><br />Top global carriers - from Britain's Vodafone to Singapore's SingTel - have started to aggressively promote the S3, fuelling speculation the smartphone could top its predecessor, the GalaxyS2's 20 million sales worldwide.<br /><br />"In the two years that we've been offering pre-orders, it's the most pre-ordered Android device we've had in our line-up," said a spokesman for Vodafone UK, declining to disclose exact numbers. "It's on track to meet, if not exceed, the level of pre-orders we expected by the time it actually launches."<br /><br />Samsung itself has said it expects the new flagship model to outsell its predecessor.<br /><br />Samsung introduced its first Galaxy in 2010, three years after the iPhone's debut, to counter Apple's roaring success in smartphones at a time when the demise of bigger rivals Nokia and BlackBerry maker Research In Motion had started.<br /><br />Samsung sold 44.5 million smartphones in January-March - equal to nearly 21,000 every hour - giving it 30.6 percent market share. Apple sold 35.1 million iPhones, taking 24.1 percent market share.<br /><br />"The Galaxy S3 is a real challenger to the upcoming iPhone," said Francisco Jeronimo, an IDC analyst based in London. "This is likely be one of the most sold smartphones this year, though the real test will come when the next iPhone is launched."<br /><br />The race for global smartphone supremacy comes as Apple has accused Samsung of copying some of its products. The South Korean company counter-claims that Apple has infringed its patents. Both have denied the allegations, and a long-running court saga continues.<br /><br />Apple plans to use a larger screen on the next iPhone, according to people familiar with the situation. The current iPhone 4S model was introduced last October.<br /><br />Samsung launched its own music service on the Galaxy S3, putting itself head-to-head with Apple. It has previously rebranded existing music and video services.<br /><br />"Samsung is not known for our content services; we make good hardware products but we haven't done much in the content space but that's changing," T.J. Kang, senior vice president of Samsung Electronics' Media Solution Center, said.<br /><br />"We are doing it to create a better experience for our users. There are things we could do better if we have complete control over all of the service."<br /><br />MORE ROUNDED<br /><br />In a departure from its predecessor, whose look and feel became the main subject of the legal dispute with Apple, the latest Galaxy has a more rounded outline. It also has voice recognition, dubbed S Voice, which will inevitably be compared with Apple's Siri, and image recognition software that can tag and share photographs.<br /><br />Prices vary depending on the contract. A model with 16 gigabytes of memory costs up to 189 pounds ($300) under a 12-month contract with Vodafone. A similar package for the iPhone 4s costs 159 pounds, but comes with a more expensive monthly data plan.<br /><br />Samsung said it will release the S3 via 296 carriers in 145 countries by July.<br /><br />Profit from Samsung's mobile division nearly tripled in January-March to $3.6 billion, accounting for 73 percent of operating profit.<br /><br />Samsung - whose shares have gained 82 percent since late-August, beating Apple's 58 percent rise - is now banking on an aggressive marketing campaign ahead of the summer London Olympics to further drive sales. It has said its mobile market share in China doubled after the 2008 Beijing Olympics.<br /><br />"The S3 is supported by an unprecedented promotional campaign," said Geoff Blaber, an analyst at CCS Insight in London. "Samsung's timing with the Galaxy S3 is perfect."<br /><br />($1 = 0.6396 British pounds)<br />($1 = 1185.3500 Korean won)<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/1EhvEkEGcPU" height="1" width="1"/>Bob BenderTue, 29 May 2012 13:28:43 GMThttp://www.pennypayday.com/street-beat-articles-29/4401-samsungs-pinksheets-ssnlf-galaxy-s3-gets-head-start-on-rival-iphone.aspxhttp://www.pennypayday.com/street-beat-articles-29/4401-samsungs-pinksheets-ssnlf-galaxy-s3-gets-head-start-on-rival-iphone.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/gpsUTBIfOxA/4400-jpmorgan-nyse-jpm-dips-into-cookie-jar-to-offset-london-whale-losses.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4400/money-jar_180x120.jpg" title="JPMorgan (NYSE: JPM) dips into cookie jar to offset "London Whale" losses" alt="JPMorgan (NYSE: JPM) dips into cookie jar to offset "London Whale" losses" align="left" style="margin-right:10px;" />Atlanta, GA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- JPMorgan Chase &amp; Co (<a href="http://www.thestreetbeat.com/market-data-125/jpm.aspx">NYSE: JPM</a>) has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades.<br /><br />CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter.<br /><br />The sales of profitable securities from elsewhere in the bank's investment portfolio will increase its costs by triggering taxes on the gains and by eliminating future earnings from the securities.<br /><br />Gains from the sales could provide about 16 cents a share of earnings, about one-fifth of the bank's second-quarter profit,analysts said. But rather than creating new value for investors, the transactions merely shift gains in securities from one part of the company's financial statements to another.<br /><br />"They really made two stupid decisions," said Lynn Turner, a consultant and former chief accountant of the Securities and Exchange Commission. The first was taking risks with derivatives that they did not understand, Turner said.<br /><br />"The second is selling assets with high income that they can't replace," Turner added. In a low interest-rate environment, the bank will struggle to generate as much income with the cash it received from selling the securities, he said.<br /><br />Dimon first disclosed the sales on May 10 when he announced the derivatives losses generated from the bank's London office and trader Bruno Iksil -- dubbed the "London Whale" in credit markets due to the size of the trading positions he took. Dimon noted that the bank has another $8 billion of profit it could gain by selling an array of debt securities.<br /><br />It remains unclear exactly when the bank sold the securities, and the bank has not detailed the value of securities it sold. Given the drawbacks of the sales, it also is unclear how many more the bank will sell to bolster second-quarter profits. To be sure, the bank may have additional reasons for making the sales, and the sales do not violate laws nor are they likely to hurt the bank's stability.<br /><br />A JPMorgan spokeswoman declined to comment beyond the company's public statements.<br /><br />$380 MILLION TAX BILL<br /><br />However, based on disclosures that show the bank has historically realized less than a 4 percent gain from selling these kinds of securities, JPMorgan would have to sell $25 billion in securities to generate $1 billion in gains, according to a Reuters analysis of the bank's practices.<br /><br />Taxes on the gains, if calculated at the 38 percent tax rate that JPMorgan uses to illustrate its business to analysts, would mean a $380 million cost to realize the gains. That would leave a net gain to earnings of $620 million, or 16 cents a share.<br /><br />Before the sale, the gains would have existed on the bank's books as so-called paper profits, and would have been included on its balance sheet. But when the bank sold and realized the gains, they moved to its income statement as profit.<br /><br />Paul Miller, an analyst at FBR Capital Markets, said the bank should skip the asset sales and "just take the pain" of reporting lower profits.<br /><br />Dimon, too, has said he is reluctant to cash in good investments. He highlighted the tax issues in selling these securities when he spoke to analysts May 10.<br /><br />"We can take some of those gains and we can take them to offset this loss," he said. "But usually it's tax inefficient, so we're very careful about taking gains."<br /><br />Yet the bank is under pressure to show strong profits. Its stock has fallen 18 percent since the day before it disclosed the losses. It closed Friday at $33.50.<br /><br />The bank currently is expected to report earnings of 90 cents a share for the second quarter, according to analysts surveyed by Thomson Reuters I/B/E/S. That compares with $1.24 a share before the derivatives debacle was disclosed and $1.27 a share that the bank reported a year earlier.<br /><br />LOSSES COULD INCREASE<br /><br />Dimon has not said who at the bank decided to sell the securities. Nor has he said if the decision was made before he knew that the derivatives losses could top $3 billion and before he told analysts on April 13 that reports of trouble with derivatives trades were a "tempest in a teapot."<br /><br />Meanwhile, the bank's losses could grow, which could increase pressure on the bank to continue securities sales. Some analysts have said the total losses could exceed $5 billion, since the credit derivative markets in which the trades were made are thinly traded and current prices are not favorable to JPMorgan.<br /><br />The pool from which the securities were sold included, as of March 31, corporate debt securities with an average yield of 3.15 percent and mortgage-backed securities yielding 3.41 percent, according to a company filing. Using the cash to buy back similar securities would not produce yields as high, analysts said.<br /><br />The financial industry has gone through periods in the past when banks cashed out good assets to cushion losses, said former SEC Chief Accountant Turner. It happened during the U.S. savings and loan crisis in the 1980s, abated during a period of tougher regulatory scrutiny and fewer losses, and then came back during the latest financial crisis.<br /><br />But the costs are significant. In statements about the latest losses, Dimon has been careful to emphasize the disadvantage of paying more taxes, said Chris Kotowski, an analyst at Oppenheimer &amp; Co.<br /><br />"I think he was trying to tell you, 'Don't expect us to offset all of these losses,'" Kotowski said.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/gpsUTBIfOxA" height="1" width="1"/>Bob BenderTue, 29 May 2012 13:18:48 GMThttp://www.pennypayday.com/street-beat-articles-29/4400-jpmorgan-nyse-jpm-dips-into-cookie-jar-to-offset-london-whale-losses.aspxhttp://www.pennypayday.com/street-beat-articles-29/4400-jpmorgan-nyse-jpm-dips-into-cookie-jar-to-offset-london-whale-losses.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Q1Z-CeUfADU/4399-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4399/wall-st1-61_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Atlanta, GA 5/29/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were generally strong in Asian trade on Tuesday. The Hang Seng was up one and a third percent, Shanghai gained 1.2%, Australia added 1.1% and the Nikkei rose three quarters of a percent. European indexes are mixed this morning, with the Dax up three quarters of a percent and the Footsie better by a slight fraction, but Spain is down two and a half percent. US stock futures are up about a half percent as I write.<br /> <br />*The April reading of Japan&#8217;s Jobless Rate unexpectedly rose one tenth to 4.6%; it had been forecast to be unchanged from March.<br /> <br />*The April reading of Japan&#8217;s Retail Trade was down 0.3% from the month before, a one tenth increase was the estimate.<br /> <br />*The Bank of Spain thinks the economy there is going to continue shrinking in Q2. Also the Spanish Treasury says they will need to recapitalize troubled bank Bankia through new debt issuance.<br /> <br />*There was some unsubstantiated talk earlier this morning about a large German bank looking to raise capital again.<br /> <br />*The preliminary May reading of Germany&#8217;s Consumer Price Index was -0.3% month on month, well under the unchanged reading that was expected. The annualized rate was down one tenth from the month before to 2.1%; both measures are EU Harmonized.<br /> <br />*The March reading of the Case/Shiller Home Price Index is due out at 8:00am CDT; it is expected to be -2.60% on a year on year basis. The May reading of Consumer Confidence is due out at 9:00am CDT; it is forecast to be up a fraction to 69.6.<br /> <br />*The May reading of the Dallas Fed Manufacturing Index is due out at 9:30am CDT, it is expected to be +3.0, it was -3.4 in April.<br /> <br />*The Fed is scheduled to sell Treasuries today that are due to mature between 6/30/14 and 5/15/15; the results of the operation will be announced just after 10:00am CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Q1Z-CeUfADU" height="1" width="1"/>Bob BenderTue, 29 May 2012 13:04:39 GMThttp://www.pennypayday.com/street-beat-articles-29/4399-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4399-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/dkDqfmlIM-U/4398-domark-international-otcbbdomk-receives-confirmation-that-1st-solapad-units-are-being-prepared-for-shipment.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4398/solar-ipad_180x120.jpg" title="DoMark International (OTCBB:DOMK) Receives Confirmation That 1st “SolaPad” Units Are Being Prepared for Shipment" alt="DoMark International (OTCBB:DOMK) Receives Confirmation That 1st “SolaPad” Units Are Being Prepared for Shipment" align="left" style="margin-right:10px;" />Atlanta, GA 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- DoMark International Inc. (<a href="http://www.thestreetbeat.com/market-data-125/domk.aspx">OTCBB: DOMK</a>) announced today that management of its wholly-owned subsidiary, SolaWerks, has confirmation from the manufacturer of the hot new &#8220;SolaPad&#8221; product that the first order of production units are being prepared for shipment. Management anticipates pre-orders for &#8220;SolaPad&#8221; will be accepted via the SolaWerks website by the middle of next week. Deliveries to pre-order customers are anticipated to begin during the 1st week of June.<br /><br />The revolutionary new SolaPad product is an ever-charging solar and battery system that fits all versions of the Apple (Nasdaq: AAPL) iPad. Once an iPad is placed into a SolaPad sleeve, there is theoretically no reason to ever plug the iPad into any wall-mounted charger again.<br /><br />About SolaWerks:<br /><br />SolaWerks, Inc. is a newly formed subsidiary, wholly owned by Domark International Inc. SolaWerks' current focus is to develop and distribute the SolaPad: a combined cover and charging system for Apple's iPad, and the SolaCase: a combined cover and charging system for all versions of Apple's iPhone. SolaWerks competes in a market that also includes Hewlett Packard (<a href="http://www.thestreetbeat.com/market-data-125/hpq.aspx">NYSE: HPQ</a>), IBM (<a href="http://www.thestreetbeat.com/market-data-125/ibm.aspx">NYSE: IBM</a>) and ReneSola (<a href="http://www.thestreetbeat.com/market-data-125/sol.aspx">NYSE: SOL</a>).<br /><br />SolaWerks has launched its "SolaCase" product for all versions of the Apple iPhone. Similar to the SolaPad, the SolaCase contains a large, high-efficiency solar panel on its reverse side, plus an additional internal battery to keep the iPhone charged at all times.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/dkDqfmlIM-U" height="1" width="1"/>Bob BenderFri, 25 May 2012 15:21:37 GMThttp://www.pennypayday.com/street-beat-articles-29/4398-domark-international-otcbbdomk-receives-confirmation-that-1st-solapad-units-are-being-prepared-for-shipment.aspxhttp://www.pennypayday.com/street-beat-articles-29/4398-domark-international-otcbbdomk-receives-confirmation-that-1st-solapad-units-are-being-prepared-for-shipment.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/LFPbMYCJCY8/4397-russian-court-issues-expanded-restrictions-on-vimpelcom-nyse-vip.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4397/stock-down-arrow-45_180x120.jpg" title="Russian Court Issues Expanded Restrictions on VimpelCom (NYSE: VIP)" alt="Russian Court Issues Expanded Restrictions on VimpelCom (NYSE: VIP)" align="left" style="margin-right:10px;" />Atlanta, GA 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- VimpelCom Ltd. (<a href="http://www.thestreetbeat.com/market-data-125/vip.aspx">NYSE: VIP</a>), a leading global provider of telecommunications services, announces that the Moscow Arbitration Court has issued a new, expanded injunction order in connection with the previously announced claim by the Russian Federal Anti-monopoly Service ("FAS"). The injunction order is related to the previously disclosed claims brought by the FAS against two of the largest shareholders of VimpelCom, Telenor East Holding II AS and Weather Investments II S.a r.l., in the Moscow Arbitration Court. The FAS claim allege that Telenor acquired preferred shares of VimpelCom from Weather and that the two shareholders entered into other agreements in violation of the Russian Law on Strategic Investments. VimpelCom has been named as a third party to the claim, which means that its rights and obligations may be affected by the claim.<br /><br />The injunction order states that it prohibits each of the Company and its wholly-owned subsidiaries, OJSC "Vimpel-Communications" ("OJSC VimpelCom") and VimpelCom Holdings B.V., and their respective management bodies (CEOs and members of the boards of directors) from giving effect to the resolutions of the Annual General Shareholders Meeting ("AGM") of the Company's subsidiary OJSC VimpelCоm, which was held on May 21, 2012, including:<br /><br />- Prohibiting the payment of dividends to shareholders of OJSC VimpelCom based on the results of operations in 2011, and the transfer of the cash intended for dividend distribution to the accounts of OJSC VimpelCom or other companies with foreign banks;<br /><br />- Prohibiting the external auditors elected at the OJSC VimpelCom AGM from exercising the powers conferred on them;<br /><br />- Prohibiting the board of directors of OJSC VimpelCom elected at the OJSC VimpelCom AGM from exercising their powers pursuant to the charter of OJSC VimpelCom; and<br /><br />- Prohibiting the taking of other actions and steps designated to transfer the indicated funds out of our Russian subsidiary OJSC VimpelCom.<br /><br />A hearing on the merits of the FAS claim is currently scheduled to take place on October 17, 2012. Unless it is lifted on appeal, the injunction will be in force until a decision by the court on the merits of the FAS claim comes into effect.<br /><br />The Company intends to appeal the expanded injunction order, but will also work toward reaching an amicable resolution with the relevant regulators as the Company was not directly involved in the transaction between Telenor and Weather. The Company is currently assessing the scope and potential impact of the expanded injunction on the VimpelCom Group's general business and financial position, current financing arrangements and future liquidity. <br /><br />In connection with this newest injunction by the Russian court, the Company is reviewing and considering the following:<br /><br />1. Deferring the payment of the previously declared VimpelCom Ltd. dividend in order to help ensure appropriate liquidity; and<br />2. Delaying its annual shareholder meeting until it has more clarity on the scope and impact of all of the injunctions and the claim brought by the FAS.<br /><br />The issue of the VimpelCom Ltd. dividend payment and the timing of the annual shareholder meeting will be considered by the Company's Supervisory Board at its meeting scheduled for May 31, 2012.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/LFPbMYCJCY8" height="1" width="1"/>Bob BenderFri, 25 May 2012 15:01:10 GMThttp://www.pennypayday.com/street-beat-articles-29/4397-russian-court-issues-expanded-restrictions-on-vimpelcom-nyse-vip.aspxhttp://www.pennypayday.com/street-beat-articles-29/4397-russian-court-issues-expanded-restrictions-on-vimpelcom-nyse-vip.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/V_z7ALj6VYs/4396-geltechs-otcbbgltc-fireice-to-be-used-for-wildland-fire-ground-attacks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4396/fireice_180x120.jpg" title="GelTech's (OTCBB:GLTC) FireIce To Be Used for Wildland Fire Ground Attacks" alt="GelTech's (OTCBB:GLTC) FireIce To Be Used for Wildland Fire Ground Attacks" align="left" style="margin-right:10px;" />Palm Beach, FL 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- GelTech Solutions, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/gltc.aspx">OTCBB:GLTC</a>), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques globally announced that on June 1, 2012, Rocky Mountain Fire Company ("RMFC") will begin deploying FireIce on its ground attack fire trucks when it is engaged in fighting wildfires. RMFC operates a fleet of six wildland fire engines used to fight wildland forest fires for the US Forest Service and other state and federal agencies. The use of FireIce by RMFC will be on a non-exclusive basis.<br /><br />"As a mainstay of the wildland firefighting community, the selection by RMFC to utilize FireIce on their wildland fire engines speaks volumes about the growing acceptance of FireIce as an effective and environmentally friendly alternative for fighting wildland fires," stated Ed Kleiman, wildland fire coordinator for GelTech Solutions.<br /><br />Joseph Ingarra, president of GelTech Solutions stated, "Recently, the Northern region's resources have been dealing with dry, fire prone conditions as a result of the beetle killed forests. The state of the art ground based vehicles provided by RMFC are an integral firefighting resource that can make the difference between catastrophic outcomes or control and containment of these types of fires."<br /><br />There are over 200 wildland engines, including the six operated by RMFC, being operated by fire contractors, in the Northern Rockies. GelTech believes that when other contractors witness the effectiveness of FireIce, it will be able to increase its market share.<br /><br />About Rocky Mountain Fire Company<br /><br />Headquartered in Missoula and Loma, Montana. Rocky Mountain Fire Company has been in operation since 2000. They provide wildland fire suppression and support services to federal, state and local agencies as well as private land owners and other wildland fire contractors. Our wildland services include fire operations, firefighter training, fire equipment inspection and verification of personnel qualifications, prescribed fire operations and fuel treatment and wildlife engine fabrication and maintenance.<br /><br />About GelTech Solutions, Inc.<br /><br />GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public achieve environmental and safety goals such as water conservation and protecting lives, homes and property from fires. All the products currently marketed by GelTech Solutions, Inc. were created for the Company by inventor and chief technology officer, Peter Cordani.<br /><br />FireIce is a patent pending fire suppressant used for direct attack of fires as well as a medium term retardant for structure protection. FireIce can be used in all types of apparatus; fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.<br /><br />GelTech also markets Soil2O which is both a non-toxic soil conditioner and a dust abatement product. Soil2O "Dust Control" products and solutions stop all types of particulate matter from entering the air and water, solving even the most stubborn dust control problems. Soil2O Granular and Topical blends reduce water consumption up to 50% and promote healthy root development in plants and lawns, generating faster seed germination by keeping nutrients and moisture at the root level longer.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/V_z7ALj6VYs" height="1" width="1"/>Ashley MontgomeryFri, 25 May 2012 14:55:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4396-geltechs-otcbbgltc-fireice-to-be-used-for-wildland-fire-ground-attacks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4396-geltechs-otcbbgltc-fireice-to-be-used-for-wildland-fire-ground-attacks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/vTNf15pvLLQ/4395-securealert-inc-otcbb-scra-announces-record-six-month-revenue-results.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4395/wlst1-72_180x120.jpg" title="SecureAlert, Inc. (OTCBB: SCRA) Announces Record Six Month Revenue Results" alt="SecureAlert, Inc. (OTCBB: SCRA) Announces Record Six Month Revenue Results" align="left" style="margin-right:10px;" />Palm Beach, FL 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211;&nbsp;SecureAlert, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/scra.aspx">OTCBB: SCRA</a>), a leading international provider of patented, wireless electronic monitoring systems and services to global public safety agencies, announced today its financial results for the second fiscal quarter ended March 31, 2012.<br /><br />For the three months ended March 31, 2012, the Company reported revenues of $4,903,954, representing an increase of $1,014,923, or 26%, compared to second quarter 2011 revenues of $3,889,031.<br /><br />The Company has also achieved record year-to-date, or six-month, revenues of $10,458,658, compared to $7,565,995 for the six months ended March 31, 2011, representing an increase of $2,892,663, or 38%. Importantly, the Company's monitoring revenues for the six-month period reached a record of $8,993,665, compared to $7,113,210 for the same six-month period of 2011, an increase of $1,880,455, or 26%. As the Company's core business, this revenue increase represents the continued growth that the Company continues to achieve from serving both domestic and international clients.<br /><br />Additionally, while SecureAlert continues to post record fiscal year-to-date revenues, the Company reported a stable quarterly gross profit margin of 47% through the six months ended March 31, 2012, which is also a historical year-to-date achievement.<br /><br />"Our continued focus on global business development, device deployment and service initiatives has yielded record reported revenues for the first fiscal six months and demonstrates the strength of our core business," said John L. Hastings III, President and Chief Executive Officer of SecureAlert, Inc. He continued, "Over the past year, we have competed aggressively in the global marketplace and are working with several progressive multi-national governments to collaborate on correctional and security opportunities which we believe can lead to new record growth levels for our company."<br /><br />Hastings further commented, "Most importantly, long gone are our days of negative gross profit margins. Now, as a leaner operation, we have rededicated ourselves to deliver target gross margins at, or above, 60%, as we believe we can do better than our record achievements of 47% gross margins. In effect, we have implemented several cost-cutting and efficiency initiatives, which should not only result in meaningful gross margin improvements, but should drive net income attainment and future profitability," concluded Hastings.<br /><br />A more complete discussion of operating results for the second quarter ended March 31, 2012, is included in the Company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2012.<br /><br />About SecureAlert<br /><br />SecureAlert is a leading global provider of electronic monitoring systems, case management and services widely utilized by law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The Company delivers highly reliable solutions and peace of mind through programs that allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/vTNf15pvLLQ" height="1" width="1"/>Ashley MontgomeryFri, 25 May 2012 14:45:18 GMThttp://www.pennypayday.com/street-beat-articles-29/4395-securealert-inc-otcbb-scra-announces-record-six-month-revenue-results.aspxhttp://www.pennypayday.com/street-beat-articles-29/4395-securealert-inc-otcbb-scra-announces-record-six-month-revenue-results.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/dWd66kktl-g/4394-pivotal-therapeutics-otcbbpvttf-gaining-ground-on-omega-3-deficiencies.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4394/fish-oil-vitamin-d-capsule_180x120.jpg" title="Pivotal Therapeutics (OTCBB:PVTTF) Gaining Ground on Omega-3 Deficiencies" alt="Pivotal Therapeutics (OTCBB:PVTTF) Gaining Ground on Omega-3 Deficiencies" align="left" style="margin-right:10px;" />Shawshank, VA 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; There are plenty of milestones for any company, but navigating the regulatory pathway for biotechnology companies to bring a product to market can be an especially daunting task. Ontario-based Pivotal Therapeutics Inc. (<a href="http://www.thestreetbeat.com/market-data-125/PVTTF.aspx">OTCBB:PVTTF</a>) has successfully run the Food and Drug Administration gauntlet and now today reported that prescription sales of their lead therapeutic product VASCAZEN&#8482; have begun in the United States. Manufactured according to FDA current Good Manufacturing Practices (cGMP), VASCAZEN&#8482; is prescription-only medical food for the aid in the dietary management of Omega-3 deficient cardiovascular disease patients. To date, Pivotal is the only company to introduce an FDA regulated prescription-grade Omega-3 fatty acid medical food for the clinical dietary management of Omega-3 deficiency in patients with cardiovascular disease. <br /><br />What&#8217;s &#8220;medicinal food?&#8221; According to the FDA, it is &#8220;a food which is formulated to be consumed or administered orally under the supervision of a physician and which is intended for the specific dietary management of a disease or condition for which distinctive nutritional requirements, based on recognized scientific principles, are established by medical evaluation.&#8221;<br /><br />The prowess of Omega-3 has long been known for a wide array of benefits. Although some people use it for the cosmetic benefits of making the skin look better, it is used for medicinal purposes as Omega-3 deficiency is believed to and/or proven to have an impact in many diseases and ailments, including plays arthritis, angina, autoimmune diseases and even cancers and autism, to name a few. <br /><br />Studies at Harvard University released in 2009 showed that Omega-3 deficiency causes 96,000 deaths in the United States each year; ranking it as the sixth largest killer of Americans annually. That figure even outpaces the perils of excessive trans-fat intake. <br /><br />Pivotal Therapeutics Inc. Open Label Study, released in September, 2011, showed VASCAZEN&#8482; to effectively correct an Omega-3 deficiency in study participants within four to six weeks. <br /><br />Each capsule of Pivotal&#8217;s VASCAZEN&#8482; provides 680 milligrams of Eicosapentaenoic (EPA) and 110 milligrams of Docosahexaenoic (DHA) Omega-3 fatty acids for oral administration. The recommended 4 capsules/day dose delivers 3 grams of EPA and DHA, attaining levels that cannot be reasonably achieved through normal diet alone, according to the company. <br /><br />Pivotal is also crossing another substantial hurdle with recognition and reimbursement for VASCAZEN&#8482; with prescriptions now available in a vast majority of pharmacies throughout the States and partial reimbursement being delivered from a growing number of the nation&#8217;s largest private insurers. <br /><br />"VASCAZEN's&#8482; rapid entry into the US market is a reflection of physician interest that is being expressed for Pivotal's approach to cardiovascular disease as a dietary deficiency of Omega-3,&#8221; said Rachelle MacSweeney, President, Pivotal Therapeutics. "The response we are receiving from the medical community has been very positive and we believe that continued demonstration of VASCAZEN's&#8482; effectiveness will lead to continued interest and growing sales." <br /><br />The company also produces OMAZEN&#8482; which is commercialized for sale and distribution in Canada. Much like VASCAZEN, it is a greater than 90% pure, proprietary EPA:DHA fatty acid formulation. <br /><br />With the commercialization in Canada and now sales starting to stream in from the U.S., shares of Pivotal Therapeutics look to have found a bottom early in 2012. After briefly dipping below 20 cents each, shares are making higher lows and trading at 29 cents, heading into the closing bell; representing a gain of 11.54 percent over yesterday&#8217;s closing price.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/dWd66kktl-g" height="1" width="1"/>Andy DufraneFri, 25 May 2012 14:38:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4394-pivotal-therapeutics-otcbbpvttf-gaining-ground-on-omega-3-deficiencies.aspxhttp://www.pennypayday.com/street-beat-articles-29/4394-pivotal-therapeutics-otcbbpvttf-gaining-ground-on-omega-3-deficiencies.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/oZ6yHRWF26o/4393-maxwell-technologies-inc-stock-downgraded-nasdaq-mxwl.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4393/stocks-market-crash-38_180x120.jpg" title="Maxwell Technologies Inc. Stock Downgraded (Nasdaq: MXWL)" alt="Maxwell Technologies Inc. Stock Downgraded (Nasdaq: MXWL)" align="left" style="margin-right:10px;" />Shawshank, VA 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; Maxwell Technologies (<a href="http://www.thestreetbeat.com/market-data-125/mxwl.aspx">Nasdaq:MXWL</a>) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.<br /><br />Highlights from the ratings report include:<br /><br />&#8226; MXWL's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 48.32%, which is also worse that the performance of the S&amp;P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.<br />&#8226; Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Electronic Equipment, Instruments &amp; Components industry and the overall market, MAXWELL TECHNOLOGIES INC's return on equity significantly trails that of both the industry average and the S&amp;P 500.<br />&#8226; 45.90% is the gross profit margin for MAXWELL TECHNOLOGIES INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 1.30% trails the industry average.<br />&#8226; Net operating cash flow has slightly increased to -$11.81 million or 7.20% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -4.45%.<br />&#8226; MXWL's debt-to-equity ratio is very low at 0.09 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, MXWL has a quick ratio of 1.51, which demonstrates the ability of the company to cover short-term liquidity needs.<br /><br />Maxwell Technologies, Inc., together with its subsidiaries, develops, manufactures, and markets energy storage and power delivery products, and microelectronic products worldwide. The company has a P/E ratio of 88.7, below the average electronics industry P/E ratio of 159.6 and above the S&amp;P 500 P/E ratio of 17.7. Maxwell has a market cap of $232.4 million and is part of the technology sector and electronics industry. Shares are down 50.9% year to date as of the close of trading on Thursday.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/oZ6yHRWF26o" height="1" width="1"/>Andy DufraneFri, 25 May 2012 14:31:14 GMThttp://www.pennypayday.com/street-beat-articles-29/4393-maxwell-technologies-inc-stock-downgraded-nasdaq-mxwl.aspxhttp://www.pennypayday.com/street-beat-articles-29/4393-maxwell-technologies-inc-stock-downgraded-nasdaq-mxwl.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/-Vow7S12gF0/4392-fridays-top-gaining-and-declining-stocks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4392/stock-market-61_180x120.jpg" title="Friday’s top gaining and declining stocks" alt="Friday’s top gaining and declining stocks" align="left" style="margin-right:10px;" />Orlando, FL 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; Here are some of the biggest gaining and declining stocks this Friday:<br /><br />Gainers<br /><br />Shares of Frontline Ltd. (<a href="http://www.thestreetbeat.com/market-data-125/fro.aspx">NYSE: FRO</a> +10.64%) rose 8.3%. The firm posted better than expected results early Friday and gave an optimistic outlook for the future.<br /><br />Infoblox Inc. (<a href="http://www.thestreetbeat.com/market-data-125/blox.aspx">NYSE: BLOX</a> +2.26%) shares rose 7.8% on Friday.The firm recently reported fiscal third-quarter results and said it expects a gross margin of 76% in its fourth quarter.<br /><br />Decliners<br /><br />Rosetta Genomics Ltd. (<a href="http://www.thestreetbeat.com/market-data-125/rosg.aspx">Nasdaq: ROSG</a> -6.16%) fell 12%. The company said early Friday that it is selling 570,755 shares of stock to investors at a 29% discount. The firm said it&#8217;s raising the cash to help fund operations.<br /><br />Verifone Systems Inc. (<a href="http://www.thestreetbeat.com/market-data-125/pay.aspx">NYSE: PAY</a> -11.53%) shares shed 8.3% on Friday. Late Thursday the company said that its fiscal second-quarter profit fell 43% and said that it expected earnings in the future a bit below Wall Street analyst expectations.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/-Vow7S12gF0" height="1" width="1"/>Janice MeehanFri, 25 May 2012 14:26:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4392-fridays-top-gaining-and-declining-stocks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4392-fridays-top-gaining-and-declining-stocks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/0gd9csOpwDI/4391-talbots-nyse-tlb-sinks-35-as-sycamore-buyout-falls-through.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4391/wlst2-26_180x120.jpg" title="Talbots (NYSE: TLB) Sinks 35% As Sycamore Buyout Falls Through" alt="Talbots (NYSE: TLB) Sinks 35% As Sycamore Buyout Falls Through" align="left" style="margin-right:10px;" />Orlando, FL 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Shares of Talbots (<a href="http://www.thestreetbeat.com/market-data-125/tlb.aspx">NYSE:TLB</a>) were sinking more than 35%, to $1.66 in morning trading after the apparel retailer said its exclusivity deal with Sycamore Partners expired without a takeover agreement.<br /><br />Earlier this month the private equity firm had sweetened its bid, valuing Talbots around $215 million or $3.05 a share. However, after two extensions, Sycamore said it wasn&#8217;t prepared to go through with the takeover; Talbot says it is still open to discussion, but is also seeking alternatives.<br /><br />The scuttled deal overshadowed the company&#8217;s better-than-expected first-quarter earningsreport. Talbots says it earned $1.1 million, or 2 cents a share, up from $739,000, or a penny a share, in the year-ago period. Adjusted profit rose to 9 cents a share from 8 cents a share. Sales fell to $276 million from $301.3 million. Analysts expected the company to lose 2 cents a share on sales of $272.5 million.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/0gd9csOpwDI" height="1" width="1"/>Janice MeehanFri, 25 May 2012 14:17:57 GMThttp://www.pennypayday.com/street-beat-articles-29/4391-talbots-nyse-tlb-sinks-35-as-sycamore-buyout-falls-through.aspxhttp://www.pennypayday.com/street-beat-articles-29/4391-talbots-nyse-tlb-sinks-35-as-sycamore-buyout-falls-through.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Zvfa7VRAww0/4390-pdi-inc-nasdaq-pdii-announces-new-business-win-valued-at-57-million.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4390/stock-slight-increase-32_180x120.jpg" title="PDI, Inc. (Nasdaq: PDII) Announces New Business Win Valued at $57 Million" alt="PDI, Inc. (Nasdaq: PDII) Announces New Business Win Valued at $57 Million" align="left" style="margin-right:10px;" />Orlando, FL 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- PDI, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/pdii.aspx">Nasdaq: PDII</a>) today announced the signing of a contract with a new customer to provide promotional services across PDI's multiple communications channels that will target primary care physicians. The contract is subject to FDA product approval. The contract is expected to generate total revenue to PDI of approximately $57 million over the life of the two-year agreement, with $10-$12 million to be recorded over the second half of 2012.<br /><br />Under the agreement, PDI will provide an array of promotional services, including but not limited to dedicated sales teams, as well as teledetailing and digital communications through PDI's Group DCA division.<br /><br />"We are delighted to have been selected by this new client to provide a wide range of promotional support," said Nancy Lurker, Chief Executive Officer of PDI, Inc. "In applying our multi-channel promotional capabilities, PDI looks forward to demonstrating the value, strategic flexibility and high return on investment that we can provide through our outsourcing services."<br /><br />About PDI, Inc.<br /><br />PDI is a leading health care commercialization company providing superior insight-driven, integrated multi-channel message delivery to established and emerging health care companies. The company is dedicated to enhancing engagement with health care practitioners and optimizing commercial investments for its clients by providing strategic flexibility, full product commercialization services, innovative multi-channel promotional solutions, and sales and marketing expertise. For more information, please visit the company's website at http://www.pdi-inc.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Zvfa7VRAww0" height="1" width="1"/>Janice MeehanFri, 25 May 2012 13:57:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4390-pdi-inc-nasdaq-pdii-announces-new-business-win-valued-at-57-million.aspxhttp://www.pennypayday.com/street-beat-articles-29/4390-pdi-inc-nasdaq-pdii-announces-new-business-win-valued-at-57-million.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/NtyoAjT3lgM/4389-tech-firm-changing-the-way-the-world-uses-keyboards-38-million-in-q1-net-profit.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4389/word-logic_180x120.jpg" title="Tech Firm Changing the Way the World Uses Keyboards, $3.8 Million in Q1 Net Profit" alt="Tech Firm Changing the Way the World Uses Keyboards, $3.8 Million in Q1 Net Profit" align="left" style="margin-right:10px;" />Northern, WI 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Nearly everyone has been typing into a Google search and seen the gray boxes that are filling in the potential word (&#8220;offering suggestion&#8221;) that you are looking for or knows what &#8220;auto fill&#8221; is when typing words. Those features are driven by now commonly-used algorithms that are second nature in our digital world. Basically, their function is to simplify usage. Well, get ready for the next wave of that technology. It&#8217;s already out there and gaining traction; most just haven&#8217;t seen it yet unless they are the real techie-type. <br /><br />Vancouver, British Columbia may be known as a mining community to many, but it&#8217;s also the home of WordLogic Corporation (<a href="http://www.thestreetbeat.com/market-data-125/wlgc.aspx">OTCBB:WLGC</a>), a cutting-edge developer of predictive platform software designed to accelerate information discovery and text input. The WordLogic patented technology reduces text movements by more than 50 percent while offering a &#8220;web&#8221; of additional other functions to keep a myriad of information at the users fingertips without leaving the application that is in use. Data can be added to the user&#8217;s dictionary as well as commonly used words and phrases being predicted based upon frequency of usage. Honestly, it&#8217;s amazing stuff. A brief video showcasing just a sampling of what WordLogic has to offer can be viewed at: <br /><br /><a href="http://www.youtube.com/watch?feature=player_embedded&amp;v=TUwNo7S15CI">http://www.youtube.com/watch?feature=player_embedded&amp;v=TUwNo7S15CI.<br /></a><br />Their Intellectual Property is secure as WordLogic holds 4 issued U.S. patents and 2 European patents and 3 pending patent applications that cover hundreds of claims. The technology covers much more than just texting. The innovations can be incorporated into smartphones, personal computers, cell phones, Smart TV&#8217;s, media players, GPS systems, game consoles and much more. <br /><br />Let&#8217;s face it; the keyboard is the root of information. Voice recognition technology is fantastic in theory, but it has struggled for years to grab any sizeable market share and has been relegated to basic commands as it has failed to overcome major complications of truly recognizing each word that a person is saying. WordLogic is re-inventing the functionality of a keyboard as not just a point of data entry, but as an information management tool. With their technology, keyboards can be customized to a user&#8217;s individual needs and be knowledgeable about the user&#8217;s information and connections. <br /><br />Moreover, the WordLogic platform allows third-party developers to add new information sources, utilities and connections to the existing WordLogic knowledge-base; making it infinitely expandable. <br /><br />With a bit of due diligence on the industry and technology, the potential of WordLogic can be extrapolated with regards to licensing and sales. To that end, the company posted numbers on Monday, May 21, 2012 disclosing their financial results from the fiscal 2012 first quarter ended March 31, 2012. Quarterly revenues tallied $5 million for the quarter as compared to $10 million in the 2011 quarter, but profits soared to $3.8 million, or $0.05 per share, in the 2012 quarter as compared to a net loss of ($670,000), or $0.04 per share in the year ago quarter. <br /><br />"For the first time in the history of WordLogic, we achieved a significant licensing deal which leveraged our substantial intellectual property portfolio," said CEO Frank Evanshen, "and to generate a $.05 per share earnings for this first quarter is tremendous and only the beginning of our expected success this coming year." <br /><br />The company is well-aligned and poised for the global launch of its WordLogic predictive products for the mobile and tablet markets throughout the remainder of the year. With a market cap of only $9.4 million, this fully-reporting company is worthy of a much closer look as it begins to hit its stride as a force in the industry. The fact is that, in the not too distant future, we all could be looking at our keyboards in a completely different way. Proper due diligence is, as always, encouraged.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/NtyoAjT3lgM" height="1" width="1"/>Steve KanavalFri, 25 May 2012 13:46:44 GMThttp://www.pennypayday.com/street-beat-articles-29/4389-tech-firm-changing-the-way-the-world-uses-keyboards-38-million-in-q1-net-profit.aspxhttp://www.pennypayday.com/street-beat-articles-29/4389-tech-firm-changing-the-way-the-world-uses-keyboards-38-million-in-q1-net-profit.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/njrDsBtUrDQ/4388-inspiremd-otcbb-nspr-announces-enrollment-completion-in-master-trial.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4388/science-tubes-1_180x120.jpg" title="InspireMD (OTCBB: NSPR) Announces Enrollment Completion In Master Trial" alt="InspireMD (OTCBB: NSPR) Announces Enrollment Completion In Master Trial" align="left" style="margin-right:10px;" />Northern, WI 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- InspireMD, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/nspr.aspx">OTC BB: NSPR)</a>, a medical device company focusing on the development and commercialization of its proprietary stent platform technology for use in patients with Acute Myocardial Infarctions, today announced that is has completed enrollment in the MASTER (MGuard&#8482; for Acute ST Elevation Reperfusion) trial. The Company is on track to release preliminary top line results in the third quarter of 2012. <br /><br />Eli Bar, CTO and Vice President of Research and Development of InspireMD, commented: "This is an important milestone in the clinical development of MGuard&#8482;. The timely completion of enrollment has been achieved one month ahead of schedule. Completion of the MASTER trial is a key component of our plan to establish MGuard&#8482; as the standard of care for Acute MI patients."<br /><br />The MASTER Trial is a multinational randomized controlled trial designed to evaluate the MGuard&#8482; and MGuard Prime Coronary Stents compared with the standard of care, bare metal stents (BMS) or drug eluting stents (DES), for acute ST-elevation myocardial infarction (STEMI) patients. It has enrolled 432 patients in a two-arm, parallel design study. The primary endpoint is complete ST segment resolution. Clinical follow-up will continue for one year and important secondary endpoints such as TIMI (Thrombolysis In Myocardial Infarction) flow, MBG (Myocardial Blush Grade) and MACE (Major Adverse Cardiac Events) will be measured. Sub-studies include infarct size measured by cardiac MRI, as well as restenosis by invasive angiographic follow-up at 13 months.<br /><br />The MASTER Trial is being conducted in 50 centers in nine countries: Germany, Hungary, Israel, Poland, Czech Republic, France, Ireland, Brazil and South Africa. Dr. Gregg Stone, Director of Cardiovascular Research and Education, Columbia University in New York, is the study chairman. The trial's principal investigators are Prof. Alexandre Abizaid of the Institute Dante Pazzanese de Cardiologia in Sao Paulo Brazil; Prof. Dariusz Dudek from Jagiellonian University in Krakow, Poland; and Prof. Sigmund Silber of University of Munich, Germany. Detailed results from the trial are expected to be submitted for presentations at interventional cardiology meetings in the second half of the year.<br /><br />About InspireMD, Inc.<br /><br />InspireMD is a medical device company focusing on the development and commercialization of its proprietary stent system technology, MGuard&#8482;. InspireMD intends to pursue applications of this technology in coronary, carotid and peripheral artery procedures. InspireMD's common stock is listed on the OTC BB under the ticker symbol "NSPR".<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/njrDsBtUrDQ" height="1" width="1"/>Steve KanavalFri, 25 May 2012 13:23:42 GMThttp://www.pennypayday.com/street-beat-articles-29/4388-inspiremd-otcbb-nspr-announces-enrollment-completion-in-master-trial.aspxhttp://www.pennypayday.com/street-beat-articles-29/4388-inspiremd-otcbb-nspr-announces-enrollment-completion-in-master-trial.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/8_wbH1Z7EsM/4387-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4387/wall-st1-60_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Northern, WI 5/25/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were mixed in Asian trade. The Nikkei and the Hang Seng both rose a slight fraction, but Shanghai was down three quarters of a percent and Australia dropped two thirds of a percent. European indexes are also mixed, with the Dax up a slight fraction and the Footsie down a quarter percent or so. US stock futures are essentially unchanged as I write.<br /> <br />*The April reading of Japan&#8217;s Consumer Price Index, ex-fresh food, was +0.2% on a year on year basis; steady from the month before, but one then more than forecast. However, the May reading for that same price measure for Tokyo was -0.8% year on year; three tenths more deflationary than the previous month and the expectation.<br /> <br />*Belgian Foreign Minister Didier Reynders says &#8220;there are no structured talks or negotiations&#8221; underway for a Greek euro zone exit. Policy makers are not considering it, &#8220;But technical staffs are doing their studies. That&#8217;s their job. The problem is the moment you say a central bank is studying something, the press presents it as it being planned. But that&#8217;s their job to study the consequences of various eventualities.&#8221; Bank of Tokyo Mitsubishi-UFJ is not so sanguine; they note rumors that a planned Greek departure could come as soon as the weekend of June 2nd/3rd.<br /> <br />*The troubled, nationalized Spanish bank, Bankia, has had trading in its shares halted because of talk that it will need another EU15 billion in financial aid in order to restructure.<br /> <br />*The final May reading of consumer sentiment from the University of Michigan is due out at 8:55am CDT, it is expected to be steady with the month&#8217;s preliminary report at 77.8; it was 76.4 in April.<br /> <br />*Stocks are open for regular hours today in the US, but some futures markets will close early because of the Memorial Day holiday in the US on Monday. European markets will be open on Monday, but some participants will be out for Whit Monday, also known as Pentecost Monday.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/8_wbH1Z7EsM" height="1" width="1"/>Steve KanavalFri, 25 May 2012 13:12:55 GMThttp://www.pennypayday.com/street-beat-articles-29/4387-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4387-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/GmJPCl2b_LE/4386-a123-systems-inc-nasdaqgs-aone-on-move.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4386/stocks-increasing-17_180x120.jpg" title="A123 Systems, Inc. (NasdaqGS: AONE) on Move" alt="A123 Systems, Inc. (NasdaqGS: AONE) on Move" align="left" style="margin-right:10px;" />Northern, WI 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for A123 Systems, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/aone.aspx">NasdaqGS: AONE</a>) trading up at $1.00, up 0.0699(7.52%) 1:03PM EDT with a morning high of $1.03 on volume of just over 1.3 Million shares . <br /><br />Earlier this month the company reported its first quarter results . According to the Company, "Our first quarter results were consistent with our revised expectations as reported last week. Revenue for the first quarter was impacted by our campaign to replace prismatic products in the field that may be defective and the temporary shutdown of our facility in Livonia, Mich," stated David Vieau, CEO of A123 Systems. "Since announcing the field campaign, we believe we have identified and corrected the root cause of the defective cells. We are gradually restarting production in a controlled manner consistent with our commitment to improve our manufacturing processes and quality, and have started shipping replacement products to impacted customers. Our customers have been generally supportive during this process, and we continue to work with them during this challenging period." <br /><br />A123 Systems, Inc. (Nasdaq:AONE - News) is a leading developer and manufacturer of advanced lithium-ion batteries and energy storage systems for transportation, electric grid and commercial applications. The company's proprietary Nanophosphate(R) technology is built on novel nanoscale materials initially developed at the Massachusetts Institute of Technology and is designed to deliver high power and energy density, increased safety and extended life. A123 leverages breakthrough technology, high-quality manufacturing and expert systems integration capabilities to deliver innovative solutions that enable customers to bring next-generation products to market. For additional information please visit www.a123systems.com.<br />Research more cleantech stocks on global stock exchanges &#8211;and up to 1400 at Investorideas.com renewable energy stocks stock directory <br /><br />About Investorideas.com &#8211; a leader in cleantech investor research <br />Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch. <br /><br />Follow Investorideas.com on Twitter <br />Follow Investorideas.com on Facebook <br />Follow Investorideas.com on Google Plus <br /><br />Follow Renewable Energy Stocks on Facebook.com<br /><br />Sign Up: Get Free investor news and stock alerts <br /><br />Join Investor Ideas Get 24/7 Login to 13 of the best stock directories online;<br />Research oil and gas stocks, gold stocks, water stocks, renewable energy stocks, tech and more. <br /><br />Disclaimer/ Disclosure: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and its management and is not the opinion of Investorideas.com. Learn more: www.InvestorIdeas.com/About/Disclaimer.asp Investorideas.com was not compensated for this report and does not hold a position in the stock <br />BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894<br /><br />For more information about Investorideas.com <br />contact:<br />800.665.0411<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/GmJPCl2b_LE" height="1" width="1"/>Steve KanavalThu, 24 May 2012 17:14:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4386-a123-systems-inc-nasdaqgs-aone-on-move.aspxhttp://www.pennypayday.com/street-beat-articles-29/4386-a123-systems-inc-nasdaqgs-aone-on-move.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/6CnC3vpPoRs/4385-facebook-ipo-fiasco-heres-how-small-investors-got-rolled-over.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4385/facebook-stock_180x120.jpg" title="Facebook IPO Fiasco: Here’s How Small Investors Got Rolled Over" alt="Facebook IPO Fiasco: Here’s How Small Investors Got Rolled Over" align="left" style="margin-right:10px;" />Northern, WI 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- There is a lot of finger pointing going on about Facebook's (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">Nasdaq: FB</a>) initial public offering last Friday.<br /><br />A lot of attention is being focused on the social media giant's Chief Financial Officer David Ebersman, who decided to increase the number of shares offered to investors by 25 percent days before the IPO.The Wall Street Journal writes, "That decision by the 41-year-old Facebook executive may have doomed any real chance the social-networking company had that its stock would jump on its first day of trading&#8212;a hallmark of successful IPOs."<br /><br />As the Facebook IPO rapidly becomes a public-relations and legal nightmare for the company and its Wall Street underwriters, there are legitimate complaints to be made, but laying blame on the CFO is not one of them.<br /><br />Investors are really frustrated about three aspects of the IPO, which not long ago was being hyped as the deal of the century.<br /><br />The first problem, a legitimate complaint, was that NASDAQ's computer systems failed on the morning of the deal. This led to many investors being unable to place or cancel stock orders or being left in the dark about whether their orders had been executed. This "glitch" may well have caused some investors to lose money.<br /><br />The second complaint, which would deserve no sympathy if it weren't for other recent revelations, is that Facebook's stock did not "pop" as much as expected on the first day of trading. Investors have come to expect that such pops are as good as guaranteed on hot IPOs, and they therefore view them as a way to pick up some free money. But of course nothing is guaranteed, and every dollar short-term investors make from a big "pop" is a dollar the company has given away for nothing, so underwriters do a better job for their clients when they price their stocks just under the prevailing market value. In Facebook's case, this initial market value was about 10% above the IPO price, or $42, which is plenty of "free money" for investors.<br /><br />But then there are the recent revelations, which is that big institutional investors had much better information about the current condition of Facebook's business than small investors did. This revelation may well have played into the modest stock "pop" on the first day of trading, and it may also have caused some would-be long-term institutional investors to jettison Facebook's shares, thus exacerbating the price decline.<br /><br />The information that big institutions were given was estimates for Facebook's future performance, which were developed by the underwriters' research analysts.<br /><br />These estimates are verbally distributed in most IPOs, and the institutions use these estimates to help decide on a fair price to pay for the stock. In Facebook's case, however, the underwriters' analysts cut their estimates midway through the roadshow, which is a highly unusual and negative event. They did this because Facebook told them that its business outlook had deteriorated--information that was not given to small investors.<br /><br />As a result of this estimate cut, combined with an increase in the size and price of the deal and the number of shares sold by insiders, some institutional investors "got the willies" about the Facebook deal. Individual investors, meanwhile, were unaware that anything had changed.<br /><br />In the wake of these revelations, Facebook's lead underwriter, Morgan Stanley, said that it had followed the rules. And it may have. If Morgan Stanley followed the rules, however, the rules themselves are grossly unfair. Because they allowed big institutional investors to learn just before the IPO that Facebook's business had deteriorated, while smaller investors were left thinking everything was just fine.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/6CnC3vpPoRs" height="1" width="1"/>Steve KanavalThu, 24 May 2012 15:35:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4385-facebook-ipo-fiasco-heres-how-small-investors-got-rolled-over.aspxhttp://www.pennypayday.com/street-beat-articles-29/4385-facebook-ipo-fiasco-heres-how-small-investors-got-rolled-over.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/dmqfTk5QHjY/4384-vse-corp-nasdaq-vsec-wins-health-and-it-contracts-with-a-potential-value-of-20b.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4384/stock-happy-13_180x120.jpg" title="VSE Corp (Nasdaq: VSEC) Wins Health and IT Contracts with a Potential Value of $20B" alt="VSE Corp (Nasdaq: VSEC) Wins Health and IT Contracts with a Potential Value of $20B" align="left" style="margin-right:10px;" />Northern, WI 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- VSE Corporation (<a href="http://www.thestreetbeat.com/market-data-125/vsec.aspx">NASDAQ:VSEC</a>) reported today it has been awarded a prime contract by the National Institutes of Health (NIH), an agency of the Department of Health and Human Services (HHS). The 10-year, multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) government-wide acquisition contracts (GWAC), have a cumulative ceiling value of approximately $20 billion. The ceiling dollars are to be 100% federally funded.<br /><br />VSE&#8217;s IT, Energy and Management Consulting Group will perform the work, which includes on-going information technology (IT) integration and outsourcing support services through the NIH Information Technology Acquisition and Assessment Center (NITAAC) Chief Information Officer Solutions and Partners III (CIO-SP3) program. Task areas are designed to support the Federal Enterprise Architecture (FEA) and all IT services described in the FEA. VSE&#8217;s work under the contract is expected to include routine and critical IT services for biomedical research and healthcare, IT operations and maintenance, infrastructure protection and information assurance, and enterprise management systems.<br /><br />VSE CEO Maurice &#8220;Mo&#8221; Gauthier said, &#8220;This is a great opportunity to continue to expand our presence in the federal health and information technology market place. We look forward to leveraging the synergies created by our talented employees and our diversified subcontractor teammates to serve the mission critical IT needs of NIH and the CIO-SP3 program.&#8221;<br /><br />About VSE<br /><br />Established in 1959, VSE is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management, consulting and supply chain management. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/dmqfTk5QHjY" height="1" width="1"/>Steve KanavalThu, 24 May 2012 15:26:22 GMThttp://www.pennypayday.com/street-beat-articles-29/4384-vse-corp-nasdaq-vsec-wins-health-and-it-contracts-with-a-potential-value-of-20b.aspxhttp://www.pennypayday.com/street-beat-articles-29/4384-vse-corp-nasdaq-vsec-wins-health-and-it-contracts-with-a-potential-value-of-20b.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/O_wKxCHwhfY/4383-thursdays-top-gaining-and-declining-stocks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4383/stock-market-60_180x120.jpg" title="Thursday’s top gaining and declining stocks" alt="Thursday’s top gaining and declining stocks" align="left" style="margin-right:10px;" />Northern, WI 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Here are some of the biggest gaining and declining stocks on Thursday:<br /><br />Gainers<br />Hewlett-Packard Co. (<a href="http://www.thestreetbeat.com/market-data-125/hpq.aspx">NYSE: HPQ</a> +3.75%) shares rose 5.6%. After the close on Wednesday the tech firm released better-than-expected quarterly results and said it would cut thousands of jobs.<br /><br />Pandora Media (<a href="http://www.thestreetbeat.com/market-data-125/p.aspx">NYSE: P</a> +16.55%) shares rose 17% on Thursday. Wednesday afternoon the firm posted better-than-expected quarterly results, and the online radio company raised its full-year outlook citing increased listener hours.<br /><br />Decliners<br />NetApp Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ntap.aspx">Nasdaq: NTAP</a> -12.33%) shares fell 12%. A day earlier, the company posted financial results and projected a lower than expected profit for the current quarter.<br /><br />Signet Jewelers (<a href="http://www.thestreetbeat.com/market-data-125/sig.aspx">NYSE: SIG</a> -8.55%) shares fell 8% on Thursday after the company posted results.<br /><br />Tiffany &amp; Co. (<a href="http://www.thestreetbeat.com/market-data-125/tif.aspx">NYSE: TIF</a> -9.42%) shares fell 9% in Thursday trading. The famed luxury-goods merchant on Thursday said that its most recent quarter&#8217;s profit grew, but sales in the U.S. were off target and it trimmed its outlook.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/O_wKxCHwhfY" height="1" width="1"/>Steve KanavalThu, 24 May 2012 15:19:27 GMThttp://www.pennypayday.com/street-beat-articles-29/4383-thursdays-top-gaining-and-declining-stocks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4383-thursdays-top-gaining-and-declining-stocks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/qyj__w2Xtt4/4382-dynasil-nasdaq-dysl-signs-technology-collaboration-agreement-with-mayo-clinic.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4382/contract-signing1-12_180x120.jpg" title="Dynasil (Nasdaq: DYSL) Signs Technology Collaboration Agreement with Mayo Clinic" alt="Dynasil (Nasdaq: DYSL) Signs Technology Collaboration Agreement with Mayo Clinic" align="left" style="margin-right:10px;" />Shawshank, VA 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Dynasil Corporation of America (<a href="http://www.thestreetbeat.com/market-data-125/dysl.aspx">Nasdaq: DYSL</a>) today announced that it has entered into a technology collaboration agreement with Mayo Clinic, a not-for-profit worldwide leader in medical care, research and education for people from all walks of life. The first project under the collaborative agreement will focus on the development of a therapeutic hypothermia core cooling technology designed to protect the brain during cardiac arrest and traumatic brain injury. Separately, Dynasil and Mayo Clinic are working together on a blood storage technology designed to extend the shelf life of blood products.<br /><br />The collaboration agreement addresses issues such as reimbursement for development costs as well as the role each party will play in patent protection and commercialization. It broadens a relationship that began in 2011, when Dynasil acquired a biomedical technology portfolio from hematologist Dr. Daniel Ericson. The portfolio included several discoveries owned jointly by Dr. Ericson and Mayo Clinic.<br /><br />&#8220;This agreement establishes the intellectual property and commercialization framework through which Dynasil and Mayo Clinic will advance early-stage innovations to patented products for therapeutic applications,&#8221; said Steven Ruggieri, president and chief executive officer of Dynasil. &#8220;As one of the world&#8217;s leading not-for-profit medical care and research institutions, Mayo Clinic is a wellspring of inventions and discoveries that have the potential to transform healthcare. Dynasil uniquely complements Mayo Clinic&#8217;s initiatives with unsurpassed research, development and manufacturing expertise, coupled with a unique ability to assess and prioritize discoveries for commercialization. We are excited about this collaboration and we believe it provides significant growth potential for our Company.&#8221;<br /><br />About Dynasil<br /><br />Dynasil Corporation of America (DYSL) develops and manufactures detection and analysis technology, precision instruments and optical components for the homeland security, medical and industrial markets. Combining world-class technology with expertise in research and materials science, Dynasil is commercializing products including dual-mode radiation detection solutions for Homeland Security and commercial applications, probes for medical imaging and sensors for non-destructive testing. Dynasil has an impressive and growing portfolio of issued and pending U.S. patents. The Company is based in Watertown, Massachusetts, with additional operations in Mass., Minn., NY, NJ and the United Kingdom. More information about the Company is available atwww.dynasil.com.<br /><br />About Mayo Clinic<br /><br />Mayo Clinic is a not-for-profit worldwide leader in medical care, research and education for people from all walks of life. For more information, visit MayoClinic.com or MayoClinic.org/news.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/qyj__w2Xtt4" height="1" width="1"/>Andy DufraneThu, 24 May 2012 14:59:58 GMThttp://www.pennypayday.com/street-beat-articles-29/4382-dynasil-nasdaq-dysl-signs-technology-collaboration-agreement-with-mayo-clinic.aspxhttp://www.pennypayday.com/street-beat-articles-29/4382-dynasil-nasdaq-dysl-signs-technology-collaboration-agreement-with-mayo-clinic.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/DMuX13KM7as/4381-medicinova-nasdaq-mnov-asthma-drug-fails-trial-shares-crash.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4381/stocks-market-crash-37_180x120.jpg" title="MediciNova (Nasdaq: MNOV) asthma drug fails trial; shares crash" alt="MediciNova (Nasdaq: MNOV) asthma drug fails trial; shares crash" align="left" style="margin-right:10px;" />Shawshank, VA 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Biopharmaceutical company MediciNova Inc (<a href="http://www.thestreetbeat.com/market-data-125/mnov.aspx">Nasdaq: MNOV</a>) said its experimental asthma drug failed to meet the main goal of a second mid-stage trial, sending its shares down as much as 51 percent in extended trade.<br /><br />MediciNova, which is testing MN-221 as a treatment for acute asthma attacks not responsive to standard therapy, said the drug failed to show a statistically significant improvement over a placebo.<br /><br />MN-221 looks to treat the condition by bypassing constricted airways to deliver the drug directly into the lungs. It aims to improve FEV1 ratio when compared with a placebo.<br /><br />FEV1 ratio measures volume of air exhaled in the first second.<br /><br />The trial, however, demonstrated a reduction in hospital admissions when MN-221 was added to standard treatments, the company said in a statement.<br /><br />MediciNova, which said there were three serious adverse events in the trial, plans to continue development of the drug.<br /><br />Shares in the San Diego, California-based company fell 51 percent to $1.35 in extended trade. They closed at $2.75 on Wednesday on the Nasdaq.<br /><br />Please contact www.thestreetbeat.com for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br />StreetBeat Disclaimer<p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/DMuX13KM7as" height="1" width="1"/>Andy DufraneThu, 24 May 2012 14:51:39 GMThttp://www.pennypayday.com/street-beat-articles-29/4381-medicinova-nasdaq-mnov-asthma-drug-fails-trial-shares-crash.aspxhttp://www.pennypayday.com/street-beat-articles-29/4381-medicinova-nasdaq-mnov-asthma-drug-fails-trial-shares-crash.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/alz73__SMGQ/4380-pandora-nyse-p-executive-insights-radio-market-quarterly-trends.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4380/pandora-logo2_180x120.jpg" title="Pandora (NYSE: P) Executive Insights: Radio Market, Quarterly Trends" alt="Pandora (NYSE: P) Executive Insights: Radio Market, Quarterly Trends" align="left" style="margin-right:10px;" />Palm Beach, FL 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- On Wednesday, Pandora Media Inc (<a href="http://www.thestreetbeat.com/market-data-125/p.aspx">NYSE:P</a>) reported its first quarter earnings and discussed the following topics in its earnings conference call. Here&#8217;s what executives shared with analysts and investors.<br /><br />Radio Market:<br /><br />Douglas Anmuth &#8211; JPMorgan: Just wanted to ask two quick things. Just first on the significance of the Triton announcement last week, obviously a good breakthrough here, but can you help us understand if you only have (Triton) for some period of time and you haven&#8217;t broken through yet with Arbitron and can you help us understand just how penetrated you can get in the radio market? And then also is there anything that you&#8217;re doing different here in terms of the trends that we&#8217;re seeing in mobile ads in terms of the audio versus display mix and the number of ads per hour that we&#8217;re seeing?<br /><br />Joe Kennedy &#8211; President and CEO: Doug, we don&#8217;t see the absence of Arbitron as any significant impediment to our development of this market. Triton is actually out front in terms of Internet radio measurement. They were the first person in the market. Their national Webcast Metrics product is Media Research Council certified and I think it is an absolute perfectly fine solution for us to grow the business on. So we certainly would welcome Arbitron joining the market, but don&#8217;t see that as any significant drag on our development of the radio advertising business. In terms of trends, I wouldn&#8217;t say that there&#8217;s any step function change to the trends in terms of ad loads, et cetera, again adjusted for the season I&#8217;d say generally in line with the trends that we&#8217;ve established, including a trend that there&#8217;s a very gradual increase in the level of audio advertising, but no different from the gradual upward trend that we&#8217;ve been on for over two years now.<br /><br />Quarterly Trends:<br /><br />Ralph Schackart &#8211; William Blair: Joe, I think historically you&#8217;ve given us some incremental color on mobile RPM. Just curious how they trended in the quarter, and then secondly can you give us some mobile engagement metrics perhaps, a little bit more color perhaps click through rates or engagement metrics. I think on the call you talked about seven times per hour interaction. Just curious how mobile is trending versus overall Internet and mobile engagement?<br /><br />Joe Kennedy &#8211; President and CEO: Sure. We&#8217;re not planning on releasing the RPM fordesktop and mobile every quarter. One of the reasons I think it&#8217;s very important to look at those metrics on an annual basis as opposed to a quarter-by-quarter basis, clearly as Steve indicated this is the quarter in which we are seasonally weakest in terms of consumer advertising but very strong in terms of consumer adoption, but we continue to believe in terms of the full year fiscal &#8217;13 that we expect mobile monetization for the year to be in line with where we were last year and desktop monetization to be roughly in line with where we were last year. Put another way we see the monetization keeping up with very dramatic growth in terms of users and usage. In terms of engagement, we continue to see very strong engagement with Pandora (NYSE:P) whether it&#8217;s on the desktop or on mobile seven or more times an hour with no material differences between the platform. So, it&#8217;s still I think this wonderful combination of our product who&#8217;s primary benefit is auditory, but one with which consumers interact very consistently on an hour to hour basis. And as I said, I think that&#8217;s sets up a lot of the unique monetization potential that we have including the unique monetization potential that we have on mobile.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/alz73__SMGQ" height="1" width="1"/>Steve KanavalThu, 24 May 2012 14:16:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4380-pandora-nyse-p-executive-insights-radio-market-quarterly-trends.aspxhttp://www.pennypayday.com/street-beat-articles-29/4380-pandora-nyse-p-executive-insights-radio-market-quarterly-trends.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/xfxFL22g2yM/4379-columbus-mckinnon-nasdaq-cmco-4th-qtr-results-beat-estimates.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4379/stock-research-28_180x120.jpg" title="Columbus McKinnon (Nasdaq: CMCO) 4th-qtr results beat estimates" alt="Columbus McKinnon (Nasdaq: CMCO) 4th-qtr results beat estimates" align="left" style="margin-right:10px;" />Palm Beach, FL 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Columbus McKinnon Corp (<a href="http://www.thestreetbeat.com/market-data-125/cmco.aspx">Nasdaq: CMCO</a>), a maker of crane hooks, reported quarterly results that beat market estimates on higher U.S. sales.<br /><br />January-March net income nearly quadrupled to $9 million, or 46 cents per share, from $2.5 million, or 13 cents per share, a year earlier.<br /><br />Sales rose 11 percent to $159.6 million. U.S. sales grew 20 percent in the quarter to $90.4 million.<br /><br />Analysts on average had expected the company to earn 39 cents per share, before special items, on revenue of $155.05 million, according to Thomson Reuters I/B/E/S.<br /><br />Shares of the Amherst, New York-based company closed at $13.88 on Wednesday on the Nasdaq.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/xfxFL22g2yM" height="1" width="1"/>Ashley MontgomeryThu, 24 May 2012 14:09:14 GMThttp://www.pennypayday.com/street-beat-articles-29/4379-columbus-mckinnon-nasdaq-cmco-4th-qtr-results-beat-estimates.aspxhttp://www.pennypayday.com/street-beat-articles-29/4379-columbus-mckinnon-nasdaq-cmco-4th-qtr-results-beat-estimates.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/ldaBHirG1p4/4378-ku6-media-nasdaq-kutv-announces-partnership-with-kaixin001.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4378/agreement-22_180x120.jpg" title="Ku6 Media (Nasdaq: KUTV) Announces Partnership with Kaixin001" alt="Ku6 Media (Nasdaq: KUTV) Announces Partnership with Kaixin001" align="left" style="margin-right:10px;" />Orlando, FL 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Ku6 Media Co., Ltd. (<a href="http://www.thestreetbeat.com/market-data-125/kutv.aspx">Nasdaq: KUTV</a>), a leading internet video company in China, focusing on User Generated Content (UGC), today announced that it has entered into an agreement with famous Chinese SNS website Kaixin001.com ("Kaixin001"). <br /><br />Pursuant to the agreement, Ku6 Media, as the video hosting provider, is assisting Kaixin001 to add a brand new video sharing function by supplying technology support to all video uploading activities on Kaixin001. Users on Kaixin001 will enjoy a one-stop service that enables them to upload, store and share their videos without leaving the website. Meanwhile, users on Ku6 Media's platform can share the videos with their friends on Kaixin001 by only one click. <br /><br />Mr. Jeff Shi, Chief Executive Officer of Ku6 Media, commented, "We are very pleased with the cooperation with Kaixin001. We believe our cooperation can help enlarging Ku6's user base as well as richening our users' online experience. We also hope our videos and service can bring users on Kaixin001 more fulfilling experiences and more joy."<br /><br />Mr. Binghao Cheng, Chief Executive Officer of Kaixin001, added, "We are very excited about partnering up with Ku6 Media. Our video sharing function is an important feature we have launched recently. We believe it will enhance our user experience by bringing them abundant video content and also by providing a great platform for them to share their original videos."<br /><br />About Kaixin001.com<br /><br />Kaixin001.com, founded in March 2008, is one of the leading and most influential social networking websites in China. It locks on people who create social wealth and mainstream culture as core users; moreover, it has always devoted itself in offering a real and relaxed interactive platform for Chinese net citizen by exploring and satisfying users' needs, improving users' experience and keeping innovation on technology and products. In general, Kaixin001.com provides rich and useful social tools, including diary, photo album, note, repast, and social game etc, which help users to easily communicate and share information with family members, friends, classmates and colleagues.<br /><br />About Ku6 Media Co., Ltd.<br /><br />Ku6 Media Co., Ltd. (KUTV) is a leading internet video company in China, focusing on User Generated Content (UGC). Through its premier online brand and online video website,www.ku6.com, Ku6 Media provides online video upload and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visithttp://ir.ku6.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/ldaBHirG1p4" height="1" width="1"/>Janice MeehanThu, 24 May 2012 14:03:39 GMThttp://www.pennypayday.com/street-beat-articles-29/4378-ku6-media-nasdaq-kutv-announces-partnership-with-kaixin001.aspxhttp://www.pennypayday.com/street-beat-articles-29/4378-ku6-media-nasdaq-kutv-announces-partnership-with-kaixin001.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/YclUcFqes-0/4377-tiffanys-nyse-tif-profit-essentially-flat-cuts-outlook.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4377/stock-down-arrow-44_180x120.jpg" title="Tiffany's (NYSE: TIF) profit essentially flat, cuts outlook" alt="Tiffany's (NYSE: TIF) profit essentially flat, cuts outlook" align="left" style="margin-right:10px;" />Orlando, FL 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Tiffany &amp; Co. (<a href="http://www.thestreetbeat.com/search-results-14/search.aspx?q=j1PR114hxBLkXNmSDqdsGA%3d%3d">NYSE: TIF</a>) cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the U.S. but in many other countries.<br /><br />The downbeat outlook delivered Thursday came as the luxury chain reported that its profit for the first quarter was essentially the same as a year ago, hurt by business at home.<br /><br />Its shares fell more than 8 percent in premarket trading.<br /><br />Tiffany is considered a key barometer of health for the luxury consumer, so its report raises concerns that weakness in the stock market and an accelerating debt crisis in Europe are making shoppers pull back in spending.<br /><br />Tiffany said that its net income amounted to $81.5 million, or 64 cents per share in the quarter ended April 30. That compares with $81.1 million, or 63 cents per share, a year ago.<br /><br />Worldwide revenue rose almost 8 percent to $819.2 million in the quarter. Revenue at stores opened at least a year was up 4 percent. The measure is an indicator of a retailer's health.<br /><br />Analysts had expected 69 cents per share on revenue of $817.1 million.<br /><br />The company said that sales in the Americas region, which include the U.S., Canada and Latin America, rose 3 percent to $386 million.<br /><br />And sales in Europe rose a 3 percent to $88 million. Sales in the Asia-Pacific region rose 17 percent to $195 million, while sales in Japan soared 15 percent to $142 million.<br /><br />Tiffany said that it now expects earnings per share to be in the range of $3.70 per share to $3.80 per share for the year. It had originally expected $3.95 per share to $4.05 per share.<br /><br />Analysts had projected $3.98 per share, according to FactSet.<br /><br />Tiffany also says that it now anticipates worldwide sales to be up 7 percent to 8 percent, instead of the originally projected 10 percent.<br /><br />Its shares fell $5.05, or 8.2 percent, to $56.75 per share in premarket trading.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/YclUcFqes-0" height="1" width="1"/>Janice MeehanThu, 24 May 2012 13:40:25 GMThttp://www.pennypayday.com/street-beat-articles-29/4377-tiffanys-nyse-tif-profit-essentially-flat-cuts-outlook.aspxhttp://www.pennypayday.com/street-beat-articles-29/4377-tiffanys-nyse-tif-profit-essentially-flat-cuts-outlook.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/_fpo1QOC00Y/4376-hewlett-packard-nyse-hpq-to-lay-off-27000-profit-slides-31-percent.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4376/layoffs-1_180x120.jpg" title="Hewlett Packard (NYSE: HPQ) to lay off 27,000, profit slides 31 percent" alt="Hewlett Packard (NYSE: HPQ) to lay off 27,000, profit slides 31 percent" align="left" style="margin-right:10px;" />Orlando, FL 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Hewlett Packard Co (<a href="http://www.thestreetbeat.com/market-data-125/hpq.aspx">NYSE: HPQ</a>) plans to lay off roughly 27,000 employees or about 8 percent of its workforce over the next couple of years to jumpstart growth and save up to $3.5 billion annually, sending its shares 11 percent higher.<br /><br />The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014, when the layoffs are expected to the completed.<br /><br />The world's No. 1 personal computer maker, which employs more than 300,000 people globally, also said on Wednesday that it had a 31 percent decline in second-quarter profit and a 3 percent decline in revenue, compared with a year ago.<br /><br />The results, however, were better than Wall Street expectations.<br /><br />Layoffs "adversely impact people's lives, but in this case, they are absolutely critical to the long-term health of the company," Chief Executive Meg Whitman said.<br /><br />"This is broad based," she said in an interview. "By design, it will touch all of HP."<br /><br />Whitman said a third of the layoffs would be in the United States. The company will take a pretax charge of $1.7 billion in fiscal 2012 related to the layoffs.<br /><br />Whitman plans to boost spending on research and development, especially in printing and PCs, with the savings from the cost cuts.<br /><br />Sterne Agee analyst Shaw Wu said the quarter was surprisingly strong for HP, which had missed its own forecast most quarters in the last 18 months and prior to Whitman taking over as CEO.<br /><br />"Everyone expected a miss, given what Dell said," Wu said. "It looks like HP is regaining its footing."<br /><br />Dell (<a href="http://www.thestreetbeat.com/search-results-14/search.aspx?q=tJXK5hUEkki8A4FhtbAp9w%3d%3d">Nasdaq: DELL</a>) shares on Wednesday plunged 17 percent following weaker than expected results and a disappointing revenue forecast spurred fears that global tech spending is weakening faster than anticipated.<br /><br />HP itself has been trying to move past the internal upheaval that marked 2011, including the departure of two chief executives.<br /><br />Whitman, a veteran Silicon Valley executive who took the top job last September, has been trying to turn the company around.<br /><br />Whitman said both business leaders and consumers in Europe were worried about the region's economy, which is hurting HP's business. She warned that the European debt crisis was a big "headwind" the company was facing.<br /><br />HP reported second-quarter net income of $1.59 billion, or 80 cents a share, compared with $2.3 billion, or $1.05 a share, a year ago. Revenue of $30.69 billion was down 3 percent compared with the same period last year.<br /><br />Excluding after-tax costs for amortization, restructuring charges and acquisition-related charges, HP said it earned 98 cents a share, compared with analysts' average estimate of 91 cents, according to Thomson Reuters I/B/E/S.<br /><br />TABLET LAUNCH FOR HOLIDAY<br /><br />Whitman, who has been at the helm for six months, said the company also plans to launch tablets -- for both consumers and corporations -- later this year.<br /><br />"We will have a Windows 8 tablet for the holiday," she said.<br /><br />This would be HP's second attempt in the tablet market. HP killed its previous WebOS-based TouchPad tablet last year after just seven weeks on store shelves, citing poor demand.<br /><br />Whitman also said HP's acquisition of British software company Autonomy for over $11 billion is facing challenges, and results in the division fell short of HP's expectations.<br /><br />HP has moved the division under its chief strategy officer Bill Veghte. Autonomy founder Mike Lynch will be leaving the company.<br /><br />Results from HP's other divisions were also weak.<br /><br />Sales from the personal systems group, encompassing PCs, were flat with a decline in sales to consumers offsetting revenue from commercial clients.<br /><br />Revenue from its bread-and-better printing group, which is being merged with the PC group, fell 10 percent after weak consumer and corporate demand.<br /><br />"We improved the channel inventory to within an acceptable range," Whitman said on a conference call, referring to the printing group. "However, we continue to face a weak demand environment."<br /><br />Sales of enterprise servers, storage and networking equipment fell 6 percent.<br /><br />HP shares rose to $22.35 after hours after ending down 3.2 percent at $21.08.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/_fpo1QOC00Y" height="1" width="1"/>Janice MeehanThu, 24 May 2012 13:34:50 GMThttp://www.pennypayday.com/street-beat-articles-29/4376-hewlett-packard-nyse-hpq-to-lay-off-27000-profit-slides-31-percent.aspxhttp://www.pennypayday.com/street-beat-articles-29/4376-hewlett-packard-nyse-hpq-to-lay-off-27000-profit-slides-31-percent.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/LJDoH8etU_g/4375-taglich-updates-alr-technologies-otcbb-alrt-maintains-50-cent-price-target.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4375/wlst1-71_180x120.jpg" title="Taglich Updates ALR Technologies (OTCBB: ALRT), Maintains 50 Cent Price Target" alt="Taglich Updates ALR Technologies (OTCBB: ALRT), Maintains 50 Cent Price Target" align="left" style="margin-right:10px;" />Atlanta, GA 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Analyst firm Taglich Brothers has updated their research report on ALR Technologies (<a href="http://www.thestreetbeat.com/market-data-125/alrt.aspx">OTCBB: ALRT</a>). The New York-based firm has maintained their 50 cent, 12-month price target on ALRT and &#8220;Speculative Buy&#8221; rating based on five-year revenue potential for the company. Shares of ALRT closed trading on Wednesday at $0.0795; ahead 13.57% from Tuesday&#8217;s closing price.<br /><br />The research update can be viewed <a href="http://www.otcshowcase.com/ALRT/TaglichUpdateALRTMay2012.pdf">here</a>.<br /><br />ALR Technologies Inc., based in Richmond, Virginia, has developed Heatlh-e-Connect (HeC), an FDA-cleared Internet-based system that links patients and clinicians. HeC records and transmits diagnostic data, e.g., self-monitored blood glucose data collected by patients, which can be uploaded to a personal computer and transmitted over the Internet to clinicians. The data is reviewed by clinicians who can communicate over HeC to patients or their caregivers. HeC is useful for managing patients with diabetes and other chronic diseases that lend themselves to self-monitoring, and for recording usage of self-monitoring test supplies. Data collected by HeC can also enable health insurers to monitor patient compliance by accurately tracking their consumption.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/LJDoH8etU_g" height="1" width="1"/>Bob BenderThu, 24 May 2012 13:25:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4375-taglich-updates-alr-technologies-otcbb-alrt-maintains-50-cent-price-target.aspxhttp://www.pennypayday.com/street-beat-articles-29/4375-taglich-updates-alr-technologies-otcbb-alrt-maintains-50-cent-price-target.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/9tTw2UfHNII/4374-social-media-companies-compared.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4374/social-network-2_180x120.jpg" title="Social Media Companies Compared" alt="Social Media Companies Compared" align="left" style="margin-right:10px;" />Atlanta, GA 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Facebook Inc. (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">NASDAQ: FB</a>), LinkedIn Corporation (<a href="http://www.thestreetbeat.com/market-data-125/lnkd.aspx">NYSE: LNKD</a>), Zynga Inc. (<a href="http://www.thestreetbeat.com/market-data-125/znga.aspx">NASDAQ: ZNGA</a>), CrowdGather Inc. (<a href="http://www.thestreetbeat.com/market-data-125/crwg.aspx">OTCBB: CRWG</a>) and other social media companies have a wide array of valuations in the public markets. In this article, we&#8217;ll compare those valuations to determine the most underpriced and overpriced plays in the burgeoning industry.<br /><br /><img src="http://ibdata.intellibuilder.net/ib-pennypayday/UserFiles/Image/social chart.png" width="595" height="110" alt="" /><br />* Data from Google Finance and Yahoo! Finance; Revenue Growth % for CRWG represents increase in Q3 FY 2012 revenue compared to Q3 FY 2011. <br /><br />CrowdGather: The Most Undervalued Play<br /><br />CrowdGather Inc. (OTCBB: CRWG) appears to be the most undervalued play in the sector, with solid revenue growth and a low price-book ratio. Currently, investors can purchase the stock for slightly less than the value of its assets minus its liabilities, and benefit from strong revenue growth that could translate to profitability on the bottom line over the near-term.<br /><br />Aside from these statistics, the company has also seen a number of other qualitative factors that could make it a good buy. The firm&#8217;s CEO, Sanjay Sabnani, has been a consistent buyer of the stock and has even retired a significant number of shares. In fact, the insider&#8217;s cost basis for acquiring these shares is significantly higher than the current share price.<br /><br />From a growth prospective, CrowdGather also has a lot more blue-sky potential. It&#8217;s far easier for a $16.88 million company to double its size and deliver outsized investor returns than it is for a $5.1 billion or $92.8 billion company to do the same. As a result, investors may find that this stock has greater upside potential than many other more popular players.<br /><br /><img src="http://ibdata.intellibuilder.net/ib-pennypayday/UserFiles/Image/crowdgather forums.jpg" width="615" height="315" alt="" /><br />Popular Forums Owned by CrowdGather Inc.<br /><br />High Multiples Could Benefit Smaller Stocks<br /><br />Many companies in the social media space trade with lofty price-earnings multiples, such as Facebook&#8217;s (NASDAQ: FB) 108.4x and LinkedIn&#8217;s (NYSE: LNKD) 604.3x multiples. While these are higher than other tech companies, such as Google&#8217;s (<a href="http://www.thestreetbeat.com/market-data-125/goog.aspx">NASDAQ: GOOG</a>) 18.44x or Apple&#8217;s (NASDAQ: AAPL) 13.84x multiples, they are very positive signs for smaller companies that are approaching profitability.<br /><br />For instance, CrowdGather is rapidly narrowing its net loss, and with high price-earnings multiples throughout the industry, the company could see its share price significantly higher if it were valued along the lines of the other Internet company multiples once it achieves profitability. And this could mean outsized returns for shareholders.<br /><br />These multiples are largely driven by recent mergers and acquisitions in the space, such as Zynga&#8217;s buyout of the private company OMGPOP at a lofty price or Facebook&#8217;s purchase of Instagram for around $1 billion. Meanwhile, venture capital investments at similarly high multiples are also driving valuations higher throughout the sector.<br /><br />Investing in the Social Media Sector<br /><br />Many social media companies have experienced strong run-ups in valuation thanks to new IPOs, venture capital investments and M&amp;A. However, some investors believe that these valuations may eventually prove too high to justify, especially in an industry that constantly changes. As a result, investors may be better of seeking undervalued plays with similar growth prospects.<br /><br />CrowdGather Inc. (<a href="http://www.thestreetbeat.com/market-data-125/crwg.aspx">OTCBB: CRWG</a>) is an owner and operator of a network of online communities that generate hundreds of millions of page views each month. With a market capitalization of just over $16 million, investors can purchase this stock for less than the value of its net assets and still benefit from the growth in the social media space.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/9tTw2UfHNII" height="1" width="1"/>Bob BenderThu, 24 May 2012 13:19:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4374-social-media-companies-compared.aspxhttp://www.pennypayday.com/street-beat-articles-29/4374-social-media-companies-compared.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/0Em1WscYZtA/4373-3-things-to-consider-when-trading-today.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4373/giraffes-3_180x120.jpg" title="3 Things to Consider When Trading Today" alt="3 Things to Consider When Trading Today" align="left" style="margin-right:10px;" />Atlanta, GA 5/24/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were mixed in Asian trade. The Hang Seng fell two thirds of a percent, Shanghai was down a half percent and Australia slipped a quarter percent, but the Nikkei gained a slight fraction. European indexes are generally higher this morning, with the Footsie among the best with an increase of 1.4% and the Dax better by 0.7%. US stock futures are up a quarter percent as I write.<br /> <br />*The preliminary May reading of China&#8217;s manufacturing sector Purchasing Managers Index fell six tenths of a point to 48.7 , according to HSBC.<br /> <br />*The Bank of Japan says they will reduce the amount of inflation indexed bonds that they buy, but increase the amount of floating rate bonds and keep steady their JGB purchase amounts.<br /> <br />*Europe&#8217;s leaders have returned home with no fresh plans on the way forward, but to be fair this was not meant to be a meeting at which decisions were taken. They have requested the European Investment Bank (EIB) to come up with something for the next summit set for the end of next month. There is some thought that they may try to use the EIB as an end run around the German constitution to achieve a euro bond.<br /> <br />*The preliminary May reading of the Euro Zone&#8217;s manufacturing sector PMI was down nine tenths from the month before to 45.0; the lowest result since June 2009. The Euro Zone service sector PMI was four tenths lower in May at 46.5. Both measures were below the forecasts.<br /> <br />*The preliminary May reading of Germany&#8217;s manufacturing sector PMI declined more than one point to 45.0, a fractional gain was the forecast. Their service sector PMI however was steady from the month before at 52.2 and this was expected to fall two tenths.<br /> <br />*The May reading of Germany&#8217;s IFO Business Confidence Index fell three points to 106.9, but only a fractional decline was expected. The IFO Current Assessment Index was down more than four points on the month to 113.3, while the Expectations component was down almost two points to 100.9; both of these surveys also fell short of estimates.<br /> <br />*The April reading of Switzerland&#8217;s Trade Balance was a surplus of SF1.33 billion, well under the expectation for a surplus of SF1.90 billion. The shortfall was the result of a 0.9% drop in Exports on the month and a 2.6% increase for Imports.<br /> <br />*The Q1 UK GDP was revised for the worse by one tenth, -0.3% quarter on quarter and -0.1% year on year.<br /> <br />*The weekly report on Initial Jobless Claims is due out at 7:30am CDT, it is expected to be 370k. Also due out at 7:30am is the April reading of Durable Goods Orders. Headline Orders are forecast to be up 0.2% on a month on month basis; Orders Ex-transportation are expected to be +0.8% on the month.<br /> <br />*Markit is a London based financial services company. They will release at 7:58am CDT (not a misprint, likely trying to stand out with the unusual release time) the first issue of their US Purchasing Managers Index. There will be a number that will mean nothing without some context provided by Markit; then we&#8217;ll see if the market takes note today, or in the future.<br /> <br />*The FDIC is scheduled to release Q1 bank earnings data at 9:00am CDT.<br /> <br />*The weekly report on inventories of Natural Gas is due out at 9:30am CDT; it is expected to show an increase of 78 bcf.<br /> <br />*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.<br /> <br />*The May reading of the Kansas City Fed Manufacturing Activity Index is due out at 10:00am CDT, it is expected to rise two points on the month up to 5.<br /> <br />*The Treasury plans to sell $29 billion 7 Year Notes today; the auction results will be announced just after noon CDT.<br /> <br />*New York Fed boss Dudley is set to speak at the Council on Foreign Relations at noon CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/0Em1WscYZtA" height="1" width="1"/>Bob BenderThu, 24 May 2012 13:03:07 GMThttp://www.pennypayday.com/street-beat-articles-29/4373-3-things-to-consider-when-trading-today.aspxhttp://www.pennypayday.com/street-beat-articles-29/4373-3-things-to-consider-when-trading-today.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/7RJEMLSrUbw/4372-movado-nyse-mov-says-1q-was-strong-raises-year-forecast.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4372/stocks-increasing-16_180x120.jpg" title="Movado (NYSE: MOV) says 1Q was strong, raises year forecast" alt="Movado (NYSE: MOV) says 1Q was strong, raises year forecast" align="left" style="margin-right:10px;" />Atlanta, GA 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Shares of Movado Group Inc. (<a href="http://www.thestreetbeat.com/market-data-125/mov.aspx">NYSE: MOV</a>) climbed Wednesday after the luxury watch seller said that results in the three months ended in April were strong and raised its forecast for the year.<br /><br />The stock gained $2.08, or 8 percent, to $28.02 in late morning trading.<br /><br />Movado said that for its February-April quarter, it expects to report net income of $6.1 million to $6.6 million, or 24 to 26 cents per share, in the first quarter. A year ago, Movado reported a profit of $491,000, or 2 cents per share, because of a higher tax rate.<br /><br />The company predicts that revenue grew about 15 percent to $103 million on higher demand for its products, especially its licensed brands. Movado designs and sells watches under its own name and under brand names including Coach, Tommy Hilfiger and Hugo Boss.<br /><br />For all of its fiscal year, which ends in January 2013, Movado expects to earn $29 million to $29.7 million, or $1.15 per share. Its previous forecast was for annual profit of $27 million to $28 million, or $1.10 per share.<br /><br />The company maintained its revenue forecast for the year of $505 million to $510 million.<br /><br />That's up from its previous year's adjusted profit of $27.2 million, or $1.08 per share, on revenue of $468.1 million.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/7RJEMLSrUbw" height="1" width="1"/>Bob BenderWed, 23 May 2012 15:15:38 GMThttp://www.pennypayday.com/street-beat-articles-29/4372-movado-nyse-mov-says-1q-was-strong-raises-year-forecast.aspxhttp://www.pennypayday.com/street-beat-articles-29/4372-movado-nyse-mov-says-1q-was-strong-raises-year-forecast.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/ldFLu834E1k/4371-wednesdays-biggest-gaining-and-declining-stocks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4371/stock-market-59_180x120.jpg" title="Wednesday’s biggest gaining and declining stocks" alt="Wednesday’s biggest gaining and declining stocks" align="left" style="margin-right:10px;" />Atlanta, GA 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Below are some of Wednesday&#8217;s biggest gaining and declining stocks:<br /><br />Gainers<br /><br />RailAmerica Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ra.aspx">NYSE: RA </a>+8.00%) shares added 6%. Late Tuesday, the freight-railroads operator said that it was pursuing strategic alternatives including a possible sale of the company. It has hired Deutsche Bank as its financial adviser.<br /><br />Shares of gamemaker Take-Two Interactive Software Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ttwo.aspx">Nasdaq: TTWO</a> +6.36%) rose 8.2%. Late Tuesday, the company reported fourth-quarter earnings and disclosed an outlook for a loss, but investors focused on better-than-expected revenue generated in the company&#8217;s March quarter.<br /><br />PetSmart Inc. (<a href="http://www.thestreetbeat.com/market-data-125/petm.aspx">Nasdaq: PETM</a> +10.32%) gained 10% following financial results that one analyst described as a &#8220;howler&#8221; of a first quarter. The firm beat analyst expectations as all aspects of its business grew.<br /><br />Guess Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ges.aspx">NYSE: GES</a> +4.30%) shares rose 6.3% on Wednesday. The clothing retailer said on Tuesday after the market closed that its first-quarter profit fell 38% from a year ago, but it topped analyst expectations.<br /><br />Decliners<br /><br />Dell Inc. (<a href="http://www.thestreetbeat.com/market-data-125/dell.aspx">Nasdaq: DELL</a> -17.11%) shares fell nearly 16%. On Tuesday, the computer maker posted first-quarter results that came in below expectations, with the company&#8217;s chief financial officer pointing to challenges in its business.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/ldFLu834E1k" height="1" width="1"/>Bob BenderWed, 23 May 2012 15:09:07 GMThttp://www.pennypayday.com/street-beat-articles-29/4371-wednesdays-biggest-gaining-and-declining-stocks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4371-wednesdays-biggest-gaining-and-declining-stocks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/wql5QzArhwE/4370-dell-nasdaq-dell-shares-fall-on-disappointing-results.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4370/stock-chart-falls-23_180x120.jpg" title="Dell (Nasdaq: DELL) shares fall on disappointing results" alt="Dell (Nasdaq: DELL) shares fall on disappointing results" align="left" style="margin-right:10px;" />Palm Beach, FL 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Shares of Dell Inc. (<a href="http://www.thestreetbeat.com/market-data-125/dell.aspx">Nasdaq: DELL</a>) tumbled late Tuesday after the computer maker posted quarterly results that fell below expectations, with the company&#8217;s chief financial officer pointing to challenges in its business.<br /><br />Dell (Nasdaq: DELL -16.84%) was down more than 12% after hours.<br /><br />The company reported a fiscal first-quarter profit of $635 million, or 36 cents a share, compared with a profit of $945 million or 49 cents a share for the year-earlier period.<br /><br />Revenue was $14.4 billion, down from $15 billion. Adjusted profit was 43 cents a share.<br /><br />Analysts were expecting the Round Rock, Texas-based Dell to report a profit of 46 cents a share on revenue of $14.9 billion, based on a consensus survey by FactSet Research.<br /><br />For the current quarter, Dell said it expects revenue to rise sequentially by 2% to 4%, which translates to a range of $14.7 billion to $15 billion.<br /><br />Analysts were expecting sales of $15.4 billion, according to data from FactSet Research.<br /><br />The company&#8217;s weak outlook appeared to have an impact on shares of rival Hewlett-Packard Co. (<a href="http://www.thestreetbeat.com/market-data-125/hpq.aspx">NYSE: HPQ</a> -4.58%), which reports results on Wednesday. H-P&#8217;s stock was down more than 2% at last check.<br /><br />Brian Gladden, the chief financial officer, said Dell had a &#8220;mixed quarter,&#8221; noting gains in the data storage, networking and services businesses.<br />However, he added: &#8220;The consumer business has become a bit more challenging.&#8221;<br /><br />Gladden also pointed to changes in the consumer market, particularly the shift from laptops to smartphones and tablets. &#8220;Consumers today have other options in terms of alternative mobile devices.&#8221;<br /><br />Analysts have noted how the rise of mobile devices hurts PC sales. Dell, for its part, has been pushing harder to expand its presence in higher-margin segments of the tech industry geared to corporate customers. But the company also has been buffeted by macroeconomic issues, including the crisis in Europe and weaker public-sector spending.<br /><br />&#8220;Nasty&#8221; was how ISI analyst Brian Marshall described Dell&#8217;s results, adding that &#8220;I am sure they will have to lower expectations.&#8221; <br /><br />Sterne Agee analyst Shaw Wu said the company had a &#8220;disappointing quarter despite low expectations. &#8230; It looks like the turnaround efforts the company is making is taking longer than expected.&#8221; <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/wql5QzArhwE" height="1" width="1"/>Ashley MontgomeryWed, 23 May 2012 15:00:38 GMThttp://www.pennypayday.com/street-beat-articles-29/4370-dell-nasdaq-dell-shares-fall-on-disappointing-results.aspxhttp://www.pennypayday.com/street-beat-articles-29/4370-dell-nasdaq-dell-shares-fall-on-disappointing-results.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/9a2PdOsRPTk/4369-firefish-otcbb-frfs-expands-in-rapidly-growing-mobile-ad-market-in-india.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4369/mobile-advertising-post_180x120.jpg" title="Firefish (OTCBB: FRFS) Expands in Rapidly Growing Mobile Ad Market in India" alt="Firefish (OTCBB: FRFS) Expands in Rapidly Growing Mobile Ad Market in India" align="left" style="margin-right:10px;" />Palm Beach, FL 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- India represents one of the hottest mobile advertising markets in the world. Research by industry expert InMobi over the last two years continues to show steady growth trends that are accelerating each year. In a 2010 report, James Lamberti, VP of Global Research &amp; Marketing at InMobi, said "The Indian mobile advertising market continues to show rapid growth due to the improving ad ecosystem. Major publishers are bringing their media into the mobile channel while brands are simultaneously discovering the power of mobile advertising. This healthy ecosystem along with 3G network infrastructure improvements will position India as one of the most influential mobile markets on the globe".<br /><br />InMobi certainly knows what they are talking about. The five-year-old Bangalore mobile advertising company recently attracted $200 million in funding from Japanese Internet giant Softbank in a placement that outsiders figure values InMobi at close to $1 billion.<br /><br />Mobile campaigns are feeling a boon in the region unlike anywhere else in the world, with the mobile medium outstripping online advertising by more than three-fold. <br /><br />The reasoning is pretty simple. As an emerging market, more sophisticated phones by mainstream brands have now penetrated the countries. In addition to the huge organic growth of mobile internet users, these popular handsets further promote usage and visibility in advertising by bundling applications like Facebook (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">Nasdaq: FB</a>), Foursquare, Angry Birds, Flickr, and more. <br /><br />Mobile devices are not a fad. They are the future of internet usage because accessing the web is far more convenient as compared to a PC. By the end of 2012, some experts predict that the number of mobile internet users will more than double that of PC internet users in India. The paradigm shift is in full swing and there are limited companies here in the U.S. that have established roots in the Indian markets to capitalize on the burgeoning mobile advertising field.<br /><br />Firefish, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/frfs.aspx">OTCBB: FRFS</a>) is the mobile advertiser of choice in Mumbai city due to its large and highly segmented database, which currently has 2.5 million numbers in Mumbai. With its legacy programs advertising everything from jewelry to health services to consumer electronics, Firefish has even conducted mobile advertising programs for political organizations and religious institutions. The company's portfolio of services includes multi-city and nation-wide mobile advertising campaigns.<br /><br />Engaging the targeted demographic is the key to success in any campaign. Firefish designs high-recall, high-engagement mobile advertising campaigns and provides detailed campaign delivery reports and analysis; setting them apart from competition and earning repeat customers.<br /><br />Firefish's online platform allows retailers to log into their account, choose a consumer segment to send their advertising message to selecting age, gender, location and income levels, compose the advertising message to send, personalize the message via addressing the consumer by name, and schedule the message for later delivery. Retailers can also pay online. In addition, retailers can also call Firefish to fully manage their advertising campaign.<br /><br />A diversified firm, Firefish also offers educational services to young learners and young adults in India, including the English Olympiad - an annual English competency program and competition for young learners. The company also owns online social networking platform www.ionisee.com. Ionisee.com offers all of the traditional features of social networking, with additional features that include the ability to communicate extensively with the platform over mobile phones and the ability to communicate with others in many languages.<br /><br />With its primary launch area of Mumbai gaining momentum, Firefish has plans to expand its range of marketing and education services to the top 25 Indian metropolitan areas, which have in the aggregate more than 200,000,000 people.<br /><br />Because the deal-flow is starting to roll-in, we are taking a closer look at Firefish. In March, the company reported two new orders from the government of Chhattisgarh, a state in central India, for books and services. The orders are being executed in partnership with the Cambridge University Press and total about $170,000 for the Firefish coffers. This week, the company disclosed that it has been selected as a marketing partner by the International Institute of Financial Markets (IIFM) for their nationwide marketing campaign. IIFM services are used by several of the premier trading companies in India.<br /><br />The company is looking for liquidity, as shown by a recent 10 for 1 forward split in an attempt to create more robust trading activity. Combining the new orders, expanding business model in a massive market and corporate efforts to generate liquidity, is the reason that we encourage our members to begin their own due diligence on Firefish, Inc. and promptly add it to their watchlist.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/9a2PdOsRPTk" height="1" width="1"/>Steve KanavalWed, 23 May 2012 14:35:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4369-firefish-otcbb-frfs-expands-in-rapidly-growing-mobile-ad-market-in-india.aspxhttp://www.pennypayday.com/street-beat-articles-29/4369-firefish-otcbb-frfs-expands-in-rapidly-growing-mobile-ad-market-in-india.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/M3IwDPcH6Tc/4368-take-two-nasdaq-ttwo-shares-jump-as-analysts-see-gta-window.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4368/ttwo_180x120.jpg" title="Take-Two (Nasdaq: TTWO) shares jump as analysts see GTA window" alt="Take-Two (Nasdaq: TTWO) shares jump as analysts see GTA window" align="left" style="margin-right:10px;" />Orlando, FL 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Take-Two Interactive Software Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ttwo.aspx">Nasdaq: TTWO</a> +8.15%) saw its shares jump 7.8% to $12.02 on Wednesday morning. The videogame publisher reported a wider-than-expected loss for its fourth fiscal quarter late Tuesday, along with a forecast for the current period that was below Wall Street's expectations. Analysts, however, cued in to the expected release of "Grand Theft Auto V," which many now expect to take place in March of 2013 -- the tail end of the company's fiscal year.&#8221;<br /><br />Although management did not provide a release date or window for GTA V, its Fiscal '13 revenue guidance is unattainable without a huge seller from Rockstar," wrote Michael Pachter of Wedbush Securities, referring to the develepment studio behind the GTA franchise.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/M3IwDPcH6Tc" height="1" width="1"/>Janice MeehanWed, 23 May 2012 14:11:12 GMThttp://www.pennypayday.com/street-beat-articles-29/4368-take-two-nasdaq-ttwo-shares-jump-as-analysts-see-gta-window.aspxhttp://www.pennypayday.com/street-beat-articles-29/4368-take-two-nasdaq-ttwo-shares-jump-as-analysts-see-gta-window.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/N8ibgm1W33U/4367-recon-technology-nasdaq-rcon-wins-major-contract-of-pcs-sis-systems-in-turkmenistan.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4367/contract-signing1-11_180x120.jpg" title="Recon Technology (Nasdaq: RCON) Wins Major Contract of PCS & SIS Systems in Turkmenistan" alt="Recon Technology (Nasdaq: RCON) Wins Major Contract of PCS & SIS Systems in Turkmenistan" align="left" style="margin-right:10px;" />Orlando, FL 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Recon Technology, Ltd (<a href="http://www.thestreetbeat.com/market-data-125/rcon.aspx">Nasdaq: RCON</a>), a Chinese non-state-owned oil and gas automation services provider (the "Company"), announced today that one of its variable interest entities, Nanjing Recon Technology Co., Ltd. ("Nanjing Recon"), signed a major contract with the China National Petroleum Corporation's ("CNPC") Sichuan Petroleum Administration Bureau to provide the latter with the Emerson PCS &amp; SIS Systems in its South Yolotan Gas Field Project (the "Project") located in Turkmenistan. The total contract value exceeds RMB19 million (USD3.02 million), which was by far the biggest contract for the Project's PCS &amp; SIS Systems.<br /><br />Under the contract, Nanjing Recon will not only provide all hardware and software related to the PCS &amp; SIS Systems, but is also responsible for the procurement, production and installation of the systems and the after-sale services. The Project is significant in scale, advanced in technology and sophisticated in the overall design. As the systems involve all steps of the natural gas extraction process, they require intricate engineering techniques. Nanjing Recon is closely involved in the overall design of the automation control and undertakes the most critical step in designing the Emerson PCS &amp; SIS Systems. The systems are expected to be delivered before May 30, 2012 and the entire project is expected to be completed by the end of year 2012.<br /><br />"Located in Turkmenistan, the South Yolotan Gas Field is the largest natural gas field in the world with proved reserves of 7 trillion cubic meters," Mr. Yin Shenping, Recon's CEO, said. "CNPC signed the joint development agreement with the gas field in 2011 and is at the stage of researching and developing key techniques. We are very fortunate to have this opportunity to work with CNPC outside China at this critical stage. Our cooperation marks the first time Recon undertakes a foreign project and is an excellent first step for Recon to grow into an international company. This is also the first time Recon introduces the Emerson systems to the Central Asian market. We believe this project will lay a solid foundation for our automation business and will become a launch pad for additional large-scale overseas projects. As part of our overseas expansion strategy, we will take this opportunity to gain experience and win additional projects."<br /><br />"The Emerson PCS &amp; SIS Systems we supply focus mainly on automation solutions for the gathering and transmission of natural gas," Mr. Yin continued. "We won this contract thanks to our continued efforts in this area. First of all, Recon has cooperated with CNPC for more than 10 years. We have accumulated enough experience in initial designing and on-site implementation. We believe this project attests to our capabilities and experience in project management. Secondly, we have established a long-term strategic relationship with Emerson, which assures best products to our clients. Moreover, Recon has been consistently investing in the training of its service staff. Through its experienced team, Recon is able to provide the most cost-effective solutions and timely services of the highest quality. We believe we are capable of successfully implementing large-scale projects and further burnishing our reputation among our clients. We look forward to servicing our clients with a broader offering of state-of-the-art products and services."<br /><br />About Recon Technology, Ltd<br /><br />Recon Technology, Ltd. is a non-state-owned oil field service company in China. The company has been providing software, equipment and services designed to increase the efficiency and automation in oil and gas exploration, extraction, production and refinery for Chinese oil and gas fields for more than 10 years. More information may be found at http://www.recon.cn or through e-mailinfo@recon.cn.<br /><br />Please contact www.thestreetbeat.com for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/N8ibgm1W33U" height="1" width="1"/>Janice MeehanWed, 23 May 2012 14:02:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4367-recon-technology-nasdaq-rcon-wins-major-contract-of-pcs-sis-systems-in-turkmenistan.aspxhttp://www.pennypayday.com/street-beat-articles-29/4367-recon-technology-nasdaq-rcon-wins-major-contract-of-pcs-sis-systems-in-turkmenistan.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/sHUpjeQdNj4/4366-school-specialty-nasdaq-schs-announces-completion-of-debt-refinancing.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4366/stocks-increase-44_180x120.jpg" title="School Specialty (Nasdaq: SCHS) Announces Completion of Debt Refinancing" alt="School Specialty (Nasdaq: SCHS) Announces Completion of Debt Refinancing" align="left" style="margin-right:10px;" />Shawshank, VA 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- School Specialty (<a href="http://www.thestreetbeat.com/market-data-125/schs.aspx">Nasdaq:SCHS</a>), a leading K-12 education company with the broadest array of products in the market, today announced that it has refinanced its existing credit facility with two new separate agreements. The new multi-year agreements consist of a secured $200 million asset-based credit agreement with a group co-led by affiliates of Wells Fargo &amp; Company and GE Capital, and a separate secured $70 million credit agreement with an affiliate of Bayside Capital, Inc. The new agreements replace the credit agreement dated April 23, 2010, and last amended on July 1, 2011, which had outstanding borrowings of $130 million as of May 18, 2012.<br /><br />"We are pleased to announce the refinancing of our credit agreement," said President and CEO Michael P. Lavelle. "The new asset-based credit agreement and term loan provides us with a more appropriate borrowing structure for our business. With this important step in our planning behind us, we are poised to further focus our business and accelerate our transformational activities to drive long term growth and enhance value to our customers and investors."<br /><br />Additional details regarding the Company's new credit agreements will be set forth in its Current Report on Form 8-K, to be filed with the Securities and Exchange Commission.<br /><br />About School Specialty, Inc.<br /><br />School Specialty is a leading education company that provides innovative and proprietary products, programs and services to help educators engage and inspire students of all ages and abilities to learn. The company designs, develops, and provides preK-12 educators with the latest and very best curriculum, supplemental learning resources, and school supplies. Working in collaboration with educators, School Specialty reaches beyond the scope of textbooks to help teachers, guidance counselors and school administrators ensure that every student reaches his or her full potential.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/sHUpjeQdNj4" height="1" width="1"/>Andy DufraneWed, 23 May 2012 13:53:58 GMThttp://www.pennypayday.com/street-beat-articles-29/4366-school-specialty-nasdaq-schs-announces-completion-of-debt-refinancing.aspxhttp://www.pennypayday.com/street-beat-articles-29/4366-school-specialty-nasdaq-schs-announces-completion-of-debt-refinancing.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/kwfjE7p-Pkw/4365-franklin-mining-pink-sheets-fmnj-announces-1-for-2000-reverse-split-of-common-shares.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4365/penny-stocks-2_180x120.jpg" title="Franklin Mining (Pink Sheets: FMNJ) Announces 1-for-2000 Reverse Split of Common Shares" alt="Franklin Mining (Pink Sheets: FMNJ) Announces 1-for-2000 Reverse Split of Common Shares" align="left" style="margin-right:10px;" />Shawshank, VA 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- FRANKLIN MINING, INC. (<a href="http://www.thestreetbeat.com/market-data-125/fmnj.aspx">Pink Sheets: FMNJ</a>) &#8211; Announces today the Board of Directors have authorized a 1 for 2000 reverse stock split.<br /><br />The reverse split will consolidate every two thousand common shares into one common share, par value of $0.01 per share. The number of authorized common shares and preferred shares will not be affected by the reverse split. In respect to the underlying common shares associated with any derivative securities, such as warrants, options and convertible notes, the conversion and exercise prices and number of common shares issued will be adjusted in accordance to the 1:2000 ratio. As a result of the reverse stock split, the number of common shares of the Company's common shares outstanding will be reduced from 198,103,400,000 to approximately 99,051,700 shares, subject to rounding up of all fractional shares to the nearest whole share.<br /><br />It is anticipated that this action will establish a higher market price for the Company's common shares and reduce per share transaction fees as well as expand the potential market for investors otherwise hindered by trading limitations.<br /><br />Franklin Mining has retained its transfer agent, Olde Monmouth Stock Transfer Co., Inc., to act as exchange agent for the reverse stock split. After the reverse split takes effect, shareholders will receive information from Olde Monmouth Stock Transfer Co., Inc. regarding the process for exchanging their common shares. Franklin Mining will notify shareholders of record that hold physical certificates as of the effective time to transmit outstanding share certificates, and, unless requested, will subsequently issue new book entry statements of holding representing one post-split common share for every two thousand common shares held of record as of the effective time. Shareholders that currently hold common shares in book entry form will receive updated statements of holding reflecting the reverse split and need not take any action.<br /><br />"This action is part of our strategy to improve the marketability and liquidity of Franklin Mining's common stock," Stated Mustafa Dar, President, Franklin Mining, Inc. "It is our anticipation that the higher split-adjusted stock price will allow greater flexibility in our transactions, broaden our potential audience and shareholder base, and ultimately enhance our shareholder valuation. As we continue to expand our operations in Bolivia, this action will also help better position Franklin Mining for our long-term goal of applying for a listing on a higher exchange as soon as we come within reach of the listing requirements."<br /><br />About Franklin Mining, Inc. &#8211; Franklin Mining, Inc. is a publically traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc. has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website:www.FranklinMining.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/kwfjE7p-Pkw" height="1" width="1"/>Andy DufraneWed, 23 May 2012 13:44:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4365-franklin-mining-pink-sheets-fmnj-announces-1-for-2000-reverse-split-of-common-shares.aspxhttp://www.pennypayday.com/street-beat-articles-29/4365-franklin-mining-pink-sheets-fmnj-announces-1-for-2000-reverse-split-of-common-shares.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/SSOwqyUZuqE/4364-thermoenergy-otcbb-tmen-to-deploy-its-ammonia-recovery-system-in-the-netherlands.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4364/scientist_180x120.jpg" title="ThermoEnergy (OTCBB: TMEN) to Deploy its Ammonia Recovery System in the Netherlands" alt="ThermoEnergy (OTCBB: TMEN) to Deploy its Ammonia Recovery System in the Netherlands" align="left" style="margin-right:10px;" />Shawshank, VA 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- ThermoEnergy Corporation (<a href="http://www.thestreetbeat.com/market-data-125/tmen.aspx">OTCBB: TMEN</a>) has announced that it will be deploying a ThermoEnergy ARP&#8482; (Ammonia Recovery Process) system at an award-winning biogas production plant outside of Amsterdam, the Netherlands. The ARP system will be owned and operated by ThermoEnergy and its partner in the Netherlands, ProfiNutrients BV.<br /><br />The ARP system will be used to recover ammonia from anaerobic digester wastewater and convert it into ammonium sulfate fertilizer for European agricultural markets. The process is environmentally-friendly and the fertilizer product will meet all EU regulatory standards. The unit is expected to start operating in August 2012.<br /><br />"Because our Thermo ARP&#8482; systems convert wastewater ammonia into valuable fertilizer products, they not only make biogas production more environmentally friendly, they provide the industry with an additional source of revenue to offset cost," said ThermoEnergy Chairman and CEO, Cary Bullock. <br /><br />"High natural gas prices in Europe have created strong demand for biogas, and we believe this is an exceptional market opportunity for ThermoEnergy," Bullock added.<br /><br />About ProfiNutrients<br />Based in the Netherlands, ProfiNutrients specializes in removing and recovering nutrients and minerals from organic waste such as sewage, sludge, slurry and gas in ways that reduce costs and create new revenue opportunities. ProfiNutrients' provides consulting and project management for both pilot projects and full-scale installations. Visit www.profinutrients.nl<br /><br />About ThermoEnergy<br />Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies.<br /><br />ThermoEnergy Corporation has spent nearly two decades developing sustainable water treatment and clean energy technologies that help clients operate more efficiently, save money, reduce their carbon footprints, and meet sustainability goals. Our award-winning wastewater recovery systems provide superior process economics and environmental compliance for a variety of industrial and municipal water treatment facilities. The Company's water division, specializing in custom-designed, turn-key solutions for a wide variety of clients, is being managed from its offices in Worcester, Massachusetts corporate headquarters, In addition, the Company has established a broad network of independent dealers and representatives throughout the U.S.<br /><br />ThermoEnergy's clean combustion technology, Pressurized Oxy-Combustion ( POXC&#8482;), will allow power producers and manufacturers that rely on conventional fossil fuels to take advantage of cheaper energy sources while eliminating virtually all air emissions, as well as achieving full CO2 capture. With POXC&#8482;, toxic air emissions from stationary power plants will become a thing of the past. The Company is pursuing the commercialization of POXC&#8482; through the Unity Power Alliance.<br /><br />ThermoEnergy's corporate mission is to continue to grow its market share and technological leadership within the global municipal/industrial wastewater treatment and power generation industries. Visit www.thermoenergy.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/SSOwqyUZuqE" height="1" width="1"/>Andy DufraneWed, 23 May 2012 13:36:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4364-thermoenergy-otcbb-tmen-to-deploy-its-ammonia-recovery-system-in-the-netherlands.aspxhttp://www.pennypayday.com/street-beat-articles-29/4364-thermoenergy-otcbb-tmen-to-deploy-its-ammonia-recovery-system-in-the-netherlands.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/lC--LDqkSxo/4363-comprehensive-care-corporation-otcbb-chcr-announces-profit-for-first-quarter.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4363/wlst2-25_180x120.jpg" title="Comprehensive Care Corporation (OTCBB: CHCR) Announces Profit for First Quarter" alt="Comprehensive Care Corporation (OTCBB: CHCR) Announces Profit for First Quarter" align="left" style="margin-right:10px;" />Northern, WI 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Comprehensive Care Corporation ("CompCare") (<a href="http://www.thestreetbeat.com/market-data-125/chcr.aspx">OTCBB: CHCR</a>), a leading behavioral health, substance abuse and psychotropic pharmacy management services provider for managed care companies throughout the U.S., today announced that its revenues for the first quarter of 2012 ending March 31, 2012 totaled $17,890,000. Net income totaled $80,000 for the quarter.<br /><br />"We are pleased to announce that CompCare achieved a profit, albeit modest, for its first quarter of 2012. This was an important goal for CompCare following completion of significant changes in our business structure and the streamlining and automation of key business functions," said Robert Kulbick, the Company's new president. <br /><br />"We are especially pleased that our at-risk pharmacy contracts produced $9,597,000 in revenue in the first three months of 2012. The 19.8 percent increase over the first quarter of last year is attributable primarily to a 9.9 percent increase in members and a contract rate increase, effective Jan. 1, 2012, from our major customer in Puerto Rico for whom CompCare manages the psychotropic drug benefits," Mr. Kulbick explained. "We are also pleased that general and administrative costs decreased in the quarter to $515,000 compared to $1,161,000 in the same period in 2011."<br /><br />"For the past two years, CompCare's management team has worked hard to improve the foundation of the Company, such that it can support substantial, profit oriented growth. We now offer services in 46 U.S. states, the District of Columbia, and Puerto Rico, compared to a much smaller number in 2009. We have recently launched the expansion of our drug management program on an at-risk basis to health plans and self insured entities to reduce their drug spend. Plus we have expanded our service provider network to approximately 35,000 providers. There is still much work to be done. However, we are proud of our progress and committed to further improving the Company's performance at all levels," Mr. Kulbick said.<br /><br />About CompCare:<br />Established in 1969, CompCare provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the United States. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands. The Company's recently filed 10-Q is available at www.sec.gov. For more information, please call 813-288-4808 or visit our website at www.compcare.com. <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/lC--LDqkSxo" height="1" width="1"/>Steve KanavalWed, 23 May 2012 13:27:08 GMThttp://www.pennypayday.com/street-beat-articles-29/4363-comprehensive-care-corporation-otcbb-chcr-announces-profit-for-first-quarter.aspxhttp://www.pennypayday.com/street-beat-articles-29/4363-comprehensive-care-corporation-otcbb-chcr-announces-profit-for-first-quarter.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/8CTuQOmM3RM/4362-toll-brothers-nyse-tol-returns-to-profit-in-2nd-quarter.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4362/profits-increase-17_180x120.jpg" title="Toll Brothers (NYSE: TOL) returns to profit in 2nd quarter" alt="Toll Brothers (NYSE: TOL) returns to profit in 2nd quarter" align="left" style="margin-right:10px;" />Northern, WI 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Toll Brothers (<a href="http://www.thestreetbeat.com/market-data-125/tol.aspx">NYSE: TOL</a>) returned to profitability in the second quarter as a growing confidence in the beleaguered housing market drove up home deliveries and the company reported a backlog.<br /><br />The Horsham, Pa., homebuilder was also had lower write-downs and a tax benefit as well.<br /><br />"In some locations, it is no longer a buyer's market; in a few locations it's even a seller's market," said Executive Chairman Robert Toll. "We would like to say ?We're back', but we need a little more confirmation: Nonetheless, it sure feels good, compared to the desert we've just crossed."<br /><br />The Commerce Department is reporting new home sales Wednesday and economists expect to see further indications of a turnaround in the market. That would jibe with the numbers posted Tuesday by Toll Brothers, which has operations in 20 states, including Arizona, California and Florida, which were devastated by the housing downturn.<br /><br />Home deliveries at Toll Brothers climbed to 671 units from 591 units, while net signed contracts increased to 1,290 units from 879 units. Backlog rose to 2,403 units from 1,760 units.<br /><br />The homebuilder earned $16.9 million, or 10 cents per share, for the three months ended April 30. A year earlier it lost $20.8 million, or 12 cents per share.<br /><br />It also beat the 3 cents per share in earnings that analysts surveyed by FactSet had expected.<br /><br />Toll Brothers said that the current quarter included $2 million in inventory write-downs and a $1.6 million recovery of previous joint venture impairments, plus a $1.2 million tax benefit.<br /><br />In the prior-year period the company incurred $32.5 million in write-downs and joint venture impairments.<br /><br />Toll Brothers caters to the luxury sector, which has withstood the economic downturn better than others. Its target market includes high-income earners who typically make more than $100,000 a year, can afford to make a down payment of as much as 30 percent on a home, have great credit and have an unemployment rate about half that of everyone else.<br /><br />Revenue rose 17 percent to $373.7 million, but that was short of Wall Street's $381 million estimate.<br /><br />Toll Brothers said it now expects to end the year with between 230 and 245 communities. That is slightly lower than its prior forecasts, but only because some are selling out faster than expected.<br /><br />CEO Douglas Yearley said. the company is benefiting from five years of pent-up demand and reduced competition in the luxury sector.<br /><br />"It appears that the housing market has moved into a new and stronger phase of recovery as we have experienced broad-based improvement across most of our regions over the past six months. The spring selling season has been the most robust and sustained since the downturn began," Yearley said.<br /><br />Toll Brothers Inc. also has operations in Colorado, Connecticut, Delaware, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, Virginia and Washington.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br />StreetBeat <a href="http://www.thestreetbeat.com/disclaimer.aspx">Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/8CTuQOmM3RM" height="1" width="1"/>Steve KanavalWed, 23 May 2012 13:20:51 GMThttp://www.pennypayday.com/street-beat-articles-29/4362-toll-brothers-nyse-tol-returns-to-profit-in-2nd-quarter.aspxhttp://www.pennypayday.com/street-beat-articles-29/4362-toll-brothers-nyse-tol-returns-to-profit-in-2nd-quarter.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/IIxlRAWr_jM/4361-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4361/water-7_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Northern, WI 5/23/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were lower throughout Asia. The Nikkei fell two percent, Australia and the Hang Seng were both down one and a third percent, while Shanghai decline 0.4%. European indexes are weak this morning, with the Dax down 1.5% and the Footsie off by 1.6%. US stock futures are down about three quarters of a percent as I write.<br /> <br />*The April reading of Japan&#8217;s Merchandise Trade Balance was a deficit of Y520 billion. Exports rose a less than forecast 7.9%, but Imports were up eight percent; resulting in a larger than expected trade shortfall.<br /> <br />*The Bank of Japan kept rates, the asset purchase fund and the credit loan program unchanged at their policy meeting overnight, as expected.<br /> <br />*EU leaders are assembling in Brussels. The President of the European Commission, Barroso, urged Greece to fully implement the second bailout plan, maintain all their commitments and he reiterated that the European community will do everything they can to keep Greece in the euro. UK PM Cameron said all that sounds good, but he added that Europe needs contingency plans for a Greek exit. German Deputy Finance Minister Thomas Steffen says Germany will accept outcome of Greece vote, adding that the ESM firewall is &#8220;adequate&#8221; to avert contagion. German government spokesman, pushing back against expectations, says today&#8217;s EU summit is a stepping stone to the June meeting.<br /> <br />*The Netherland biggest housing association, Vestia Groep, is being forced into bankruptcy; said to be because of an adverse unhedged EU20 billion interest rate swap exposure that may cause its bank counterparties to write off their derivative losses.<br /> <br />*Germany&#8217;s first ever sale of Zero Coupon 2 Year Schatz was met with strong demand and a record low yield of 0.07%.<br /> <br />*The Bank of England said the vote was unanimous for keeping interest rates steady at their last policy meeting, according to the minutes from that meeting. The vote to keep the bond purchases steady was 8 to 1, but they say the vote was finely balanced for several MPC members as there was a case to expand stimulus at the meeting, the minutes say.<br /> <br />*The April reading of UK Retail Sales was much weaker than forecast, -2.3% on a month on month basis, but expected to be down only 0.8%.<br /> <br />*US mortgage applications were up 3.8% in the week ended May 18, according to the Mortgage Bankers Association.<br /> <br />*The April reading of New Home Sales is due out at 9:00am CDT; it is expected to show an annualized sales rate of 335k or up 2.1% from the month before. Also due out at 9:00am is the March reading of the FHFA House Price Index, forecast to be +0.3% month on month.<br /> <br />*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to increase 1.65 million barrels, Gasoline inventories are expected to decline 650k and the estimate for Distillates is -500k.<br /> <br />*The Fed is scheduled to buy Treasuries twice today. They will buy Treasuries that are due to mature between 8/15/22 and 2/15/31; the results of this operation will be reported just after 10:00am CDT. They will also buy Treasuries that are due to mature between 5/31/18 and 5/15/20; these results will be announced just after 1:00am CDT.<br /> <br />*The Treasury plans to sell $35 billion 5 Year Notes today; the auction results will be announced just after noon CDT.<br /> <br />*Minneapolis Fed boss Kocherlakota is set to speak at noon CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/IIxlRAWr_jM" height="1" width="1"/>Steve KanavalWed, 23 May 2012 13:14:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4361-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4361-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/GOsV81VWcIM/4360-facebook-nasdaq-fb-bankers-secretly-cut-revenue-estimates-in-middle-of-ipo-roadshow.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4360/fb-zuck_180x120.jpg" title="Facebook (Nasdaq: FB) Bankers Secretly Cut Revenue Estimates In Middle Of IPO Roadshow" alt="Facebook (Nasdaq: FB) Bankers Secretly Cut Revenue Estimates In Middle Of IPO Roadshow" align="left" style="margin-right:10px;" />Northern, WI 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; And now comes some news about the Facebook (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">Nasdaq: FB</a>) IPO that buyers deserve to be outraged about.<br /><br />Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (<a href="http://www.thestreetbeat.com/market-data-125/ms.aspx">NYSE: MS</a>), JP Morgan (<a href="http://www.thestreetbeat.com/market-data-125/jpm.aspx">NYSE: JPM</a>), and Goldman Sachs (<a href="http://www.thestreetbeat.com/market-data-125/gs.aspx">NYSE: GS</a>) all cut their earnings forecasts for the company in the middle of the IPO roadshow.<br /><br />This by itself is highly unusual (I've never seen it during 20 years in and around the tech IPO business).<br /><br />But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook.<br /><br />This is a huge problem, for one big reason:<br />&#8226; Selective dissemination. Earnings forecasts are material information, especially when they are prepared by analysts who have had privileged access to company management. As lead underwriters on the IPO, these analysts would have had much better information about the company than anyone else. So the fact that these analysts suddenly all cut their earnings forecasts at the same time, during the roadshow, and then this information was not passed on to the broader public, is a huge problem.<br /><br />Any investor considering an investment in Facebook would consider an estimate cut from the underwriters' analysts "material information."<br /><br />What's more, it's likely that news of these estimate cuts dampened interest in the IPO among those who heard about them. (Reuters reported exactly this--that some institutions were "freaked out" by the estimate cuts, as anyone would have been.)<br /><br />In other words, during the marketing of the Facebook IPO, investors who did not hear about these underwriter estimate cuts were placed at a meaningful and unfair information disadvantage. They did not know what a lot of other investors knew, and they suffered for it.<br /><br />Selective dissemination of this sort could be a direct violation of securities laws. Irrespective of its legality, it is also grossly unfair. The SEC should investigate this immediately.<br /><br />We first heard rumblings about this last week, and we were so startled that we assumed the reports were wrong. Then, over the weekend, when Reuters reported the basic story again, we said that if it was true, Facebook IPO buyers deserved to be "mad as hell" about it. And now Reuters has the details, and they sound as bad as we had feared.<br /><br />There are a couple of possibilities for what happened.<br /><br />The first one is bad news for Morgan Stanley and the other lead underwriters on the deal.<br /><br />The second is also bad news for Facebook.<br /><br />According to Reuters, the underwriter analysts cut their estimates after Facebook issued an amended IPO prospectus in which the company mentioned, vaguely, that recent trends in which users were growing faster than revenue had continued into the second quarter.<br /><br />To those experienced in reading financial statements, this language was unnerving, because its mere existence could have been taken to mean that Facebook's revenue in the second quarter wasn't coming in as strong as Facebook had hoped (why else would the language have suddenly been added at the 11th hour?)<br /><br />To those who aren't experienced at reading filings, however, the real meaning of this language could easily have been missed. Facebook's users have been growing faster than revenue for a while, so why would it be news that this was continuing?<br /><br />In response to the amendment, meanwhile, all three lead underwriter analysts suddenly cut their estimates.<br /><br />Now, regardless of why the analysts cut their estimates (and this will be important), estimate cuts of any sort are material information, so if this news was given to some institutional clients, it also obviously should have been given to everyone.<br /><br />That's the first problem.<br /><br />The second potential question and problem is whether Facebook told the underwriters to cut their estimates--either by directly telling them to, or, more likely, by "suggesting" that the analysts might want to revisit their estimates in light of the new disclosures in the prospectus.<br /><br />If there was any communication at all between Facebook and its underwriters regarding the analysts' estimates, Facebook will likely be on the hook for this, too.<br /><br />Speaking as a former analyst, it seems highly unlikely to me that the vague language in the final IPO amendment would prompt all three underwriter analysts to immediately cut estimates without some sort of nod and wink from someone who knew how Facebook's second quarter was progressing. (To get this message from the language, you really have to read between the lines). But even if this is what happened, it is still unfair that news of the estimate cut wasn't disseminated quickly and clearly to everyone considering buying Facebook's IPO.<br /><br />The bottom line is that, even if dissemination laws were followed to the letter (which frankly seems unlikely), the selective disclosure here was grossly unfair.<br /><br />The SEC needs to look into this.<br /><br />And as it does, the SEC should also revisit the practice that allows underwriter analysts to develop estimates that are used to market IPOs to institutional clients but are not shared with the public. In Europe, research analysts publish full reports on companies BEFORE they go public. This is a much better system, and the U.S. should switch to it. But at the very least, the SEC should mandate that any information given to some clients (e.g., earnings estimates and changes in earnings estimates) be given to all clients.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/GOsV81VWcIM" height="1" width="1"/>Steve KanavalTue, 22 May 2012 15:06:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4360-facebook-nasdaq-fb-bankers-secretly-cut-revenue-estimates-in-middle-of-ipo-roadshow.aspxhttp://www.pennypayday.com/street-beat-articles-29/4360-facebook-nasdaq-fb-bankers-secretly-cut-revenue-estimates-in-middle-of-ipo-roadshow.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/QpXnUoRWkEk/4359-ralph-lauren-nyse-rl-1q-net-income-rises-doubles-dividend.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4359/stock-happy-12_180x120.jpg" title="Ralph Lauren (NYSE: RL) 1Q net income rises, doubles dividend" alt="Ralph Lauren (NYSE: RL) 1Q net income rises, doubles dividend" align="left" style="margin-right:10px;" />Northern, WI 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; Ralph Lauren Corp. (<a href="http://www.thestreetbeat.com/market-data-125/rl.aspx">NYSE: RL</a>) said Tuesday that its fiscal fourth-quarter profit climbed 29 percent, benefiting from strong sales and a lower tax rate. The clothing and home products company also doubled its quarterly dividend to 40 cents per share.<br /><br />Its shares rose almost 4 percent in morning trading.<br /><br />President and Chief Operating Officer Roger Farah said in a statement that the company is pleased with its performance given rising raw material costs and uncertain economic conditions.<br /><br />Heading into fiscal 2013, Farah said Ralph Lauren is cautious about near-term economic trends, particularly in Europe, but that it doesn't change the company's long-term growth expectations.<br /><br />Ralph Lauren, whose brands include Ralph Lauren Collection, Polo by Ralph Lauren and others, reported net income of $94.4 million, or 99 cents per share, for the three months ended March 31, up from $73.2 million, or 74 cents per share, a year earlier.<br /><br />Analysts expected earnings of 85 cents per share, according to a FactSet poll.<br /><br />Revenue increased 13 percent to $1.62 billion from $1.43 billion on higher wholesale and retail sales. Wall Street analysts expected $1.6 billion.<br /><br />For the full year, Ralph Lauren reported net income of $681 million, or $7.13 per share, up from $567.6 million, or $5.75 per share, a year earlier. Annual revenue rose 21 percent to $6.86 billion from $5.66 billion.<br /><br />Ralph Lauren said its quarterly dividend will be paid on July 13 to shareholders of record on June 29.<br /><br />The New York company anticipates a mid-single-digit percentage increase in fiscal 2013 revenue. It foresees a low single-digit percentage rise in first-quarter revenue.<br /><br />Its shares rose $5.63, or 3.8 percent, to $151.93 in morning trading after rising as high as $161.30 earlier in the session, Its shares are approaching the high end of their 52-week range of $105.11 to $182.48.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/QpXnUoRWkEk" height="1" width="1"/>Steve KanavalTue, 22 May 2012 14:58:44 GMThttp://www.pennypayday.com/street-beat-articles-29/4359-ralph-lauren-nyse-rl-1q-net-income-rises-doubles-dividend.aspxhttp://www.pennypayday.com/street-beat-articles-29/4359-ralph-lauren-nyse-rl-1q-net-income-rises-doubles-dividend.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/OBMIMFzROk0/4358-ec-development-pk-ecdi-completes-installation-of-oasis-gaming-center.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4358/stock-research-27_180x120.jpg" title="EC Development (PK: ECDI) Completes Installation of Oasis Gaming Center" alt="EC Development (PK: ECDI) Completes Installation of Oasis Gaming Center" align="left" style="margin-right:10px;" />Northern, WI 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; EC Development, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/ecdi.aspx">Pinksheets: ECDI</a>) announced yesterday that it has completed the installation of its Tahoe Casino Management (CMS) Product Suite for the Oasis Gaming Center in New Brunswick, Canada. The Tahoe CMS will manage the casino's 56 gaming machines. The Company anticipates revenues in excess of $200,000 over the duration of the three year agreement.<br /><br />"We are very pleased to have successfully completed this installation for the Oasis Gaming Center," said Gene Estep, CEO of EC Development. He added, "We are looking forward to continued expansion of the Tahoe product line into the Canadian marketplace. The Company has recently added additional sales agents to further expand our sales in the Canadian and European markets."<br /><br />EC Development's flagship Tahoe CMS (Casino Management System) technology, brings speed and efficiency to casino gaming by providing customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely eliminating disparate systems while enabling the use of some truly cutting edge marketing tools.<br /><br />About EC Development, Inc.<br /><br />EC Development, Inc. (ECDI), founded in 2005, designs, developments and markets software for the U.S. and international gaming and casino markets. The software monitors, audits, analyzes and manages all financial transactions and customer activities for casinos and other gaming related environments.<br /><br />Its flagship technology, the Tahoe CMS (Casino Management System) is a complete class 2 and class 3 game accounting system and offers customers a packaged, fully modern, fully computerized slot accounting, promotions, marketing, and reporting system which allows a casino to run virtually any vendor's games on one system, completely negating the need to have disparate systems while also enabling the use of some truly cutting edge marketing tools.<br /><br />For more information on the company, please visit www.ecdevonline.com.<br /><br />About Oasis Gaming Center<br /><br />The Oasis Gaming Center is located on the Tobique Reservation in New Brunswick, Canada. The gaming center currently operates 56 electronic gambling machines and expects to expand its gaming floor within the year.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/OBMIMFzROk0" height="1" width="1"/>Steve KanavalTue, 22 May 2012 14:54:28 GMThttp://www.pennypayday.com/street-beat-articles-29/4358-ec-development-pk-ecdi-completes-installation-of-oasis-gaming-center.aspxhttp://www.pennypayday.com/street-beat-articles-29/4358-ec-development-pk-ecdi-completes-installation-of-oasis-gaming-center.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/vs535j5jXgc/4357-nightculture-inc-otcbb-nght-acquires-stereo-live-a-premier-concert-venue-in-houston-tx.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4357/nightculture_180x120.jpg" title="NightCulture Inc. (OTCBB: NGHT) Acquires Stereo Live, A Premier Concert Venue In Houston, TX" alt="NightCulture Inc. (OTCBB: NGHT) Acquires Stereo Live, A Premier Concert Venue In Houston, TX" align="left" style="margin-right:10px;" />Northern, WI 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; NightCulture Inc. (<a href="http://www.thestreetbeat.com/market-data-125/nght.aspx">OTCBB: NGHT</a>) today announced that it has completed the acquisition of Stereo Live LLC, operator of the Stereo Live music venue inHouston, Texas.<br /><br />Stereo Live operates a 25,000 square foot venue located on 2 1/2 acres of land at 6400 Richmond Avenue in Houston, Texas. Stereo Live hosts music and cultural events in three distinct rental spaces with event capacities ranging from 100 to 3,000 and featuring state-of-the-art sound and lighting with 7 bar areas strategically located throughout the venue.<br /><br />Michael Long, President and CEO of NightCulture, stated, "We are excited to add our own dedicated venue to host NightCultureevents. Stereo Live has been our go to venue for event promotion operations and will be a focal point of our branding and promotion initiatives going forward. By adding the venue to our portfolio we believe we can improve our operating efficiencies, add new profit centers, broaden our operations and further establish our position in the event promotion and production market."<br /><br />About NightCulture Inc.<br /><br />NightCulture Inc., "Concerts that Change Your Life," is a premier producer of live concerts and events. NightCulture operates in the following markets: Houston, TX, Austin, TX, San Antonio, TX, &amp; Oklahoma City, OK. NightCulture events are primarily in the Electronic Dance Music (EDM) genre. Hundreds of thousands attendees have experienced our events and the number continues to grow with every show. With the decline in album sales and the emergence of online music downloading, touring and live performance is now a vital revenue stream for artists and musicians. NightCulture Inc. is uniquely positioned to take advantage of this monumental shift in the music industry and is the first Electronic Music oriented company to ever trade in the public markets.http://www.NightCulture.com<br /><br />NightCulture Inc. has produced hundreds of concerts featuring world class artists such as: Tiesto, David Guetta, Deadmau5, Skrillex, Armin van Buuren, Benny Benassi, Kaskade, Infected Mushroom, Afrojack, Above &amp; Beyond, Will.i.am from the Black Eyed Peas, Paul van Dyk, Rusko, Axwell from Swedish House Mafia, Ferry Corsten, Calvin Harris, Flux Pavilion, Gareth Emery, Markus Schulz, ATB, Sasha, John Digweed, Cosmic Gate, Pretty Lights, Paul Oakenfold, Carl Cox, Pete Tong, Richie Hawtin, Avicii, Bob Sinclar, Boys Noize, Hernan Cattaneo, Wolfgang Gartner, Bonobo, Deep Dish, plus many many more! <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/vs535j5jXgc" height="1" width="1"/>Steve KanavalTue, 22 May 2012 14:45:35 GMThttp://www.pennypayday.com/street-beat-articles-29/4357-nightculture-inc-otcbb-nght-acquires-stereo-live-a-premier-concert-venue-in-houston-tx.aspxhttp://www.pennypayday.com/street-beat-articles-29/4357-nightculture-inc-otcbb-nght-acquires-stereo-live-a-premier-concert-venue-in-houston-tx.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Czg3W8pL084/4356-social-media-investment-bubble-has-popped.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4356/social-media1-1_180x120.jpg" title="Social media investment bubble has popped" alt="Social media investment bubble has popped" align="left" style="margin-right:10px;" />Atlanta, GA 5/22/12 (StreetBeat) &#8211; That fizzing sound you just heard coming from Wall Street in the wake of the Facebook Inc. (Nasdaq: FB) initial public offering was the sound of a bubble deflating.<br /><br />You may have missed it due to the angry shouts of those who have lost big money on the most-hyped stock offering in history, even as Chief Executive Mark Zuckerberg and other insiders are laughing all the way to the bank. <br /><br />Now that frothy air is accelerating out of the valuations of Internet social media companies, those investors who got in late to the party are worried how bad things might get. Many are selling first and asking questions later.<br /><br />If you own shares of mutual funds focused on tech or growth stocks, those investors likely include you, unfortunately, since it was institutional money managers who were left holding the bag on Facebook. If you don&#8217;t own those funds, pat yourself on the back for avoiding the disappointment that social media investing has produced in 2012.<br /><br />These stocks are now officially in correction mode.<br /><br />As of this writing, in the last six trading days, $14 billion has been erased from the combined market caps of Facebook (Nasdaq: FB) , Zynga Inc. (Nasdaq: ZNGA +2.12%), LinkedIn Corp. (NYSE: LNKD +8.47%), Groupon Inc. (Nasdaq: GRPN -1.53%) and Yelp Inc. (NYSE: YELP -1.25%). That&#8217;s a 10.4% drop for the sector, which as of Tuesday was valued at $120 billion in aggregate.<br /><br />Before this month, the sector had mostly tread water as big gains in LinkedIn offset losses in Zynga and Groupon.<br /><br />Regular readers of this column will remember that last August, I suggested that the value of Groupon had peaked, after the company&#8217;s amended regulatory filings showed that its losses were widening despite a 10-fold jump in revenue. <br /><br />That column came the month after Marc Andreessen, the new rising star of Silicon Valley venture capitalists, said of tech-company valuations: &#8220;On a 30-year basis, these things are cheap.&#8221; <br /><br />But few investors have a three-decade time horizon, and the meaning of the word &#8220;cheap&#8221; isn&#8217;t the same for VCs &#8212; who get their shares in private transactions &#8212; as it is for investors who pay retail stock prices.<br /><br />Private investors poured $1.4 billion into Internet companies in the first quarter of 2012, according to the National Venture Capital Association. It was the eighth straight quarter that Web startups garnered more than $1 billion, which means Andreessen is far from alone in his bullish assessment.<br /><br />But with Facebook and the other young Internet companies now all failing to find firm bids in the public markets, it&#8217;s just a matter of time before the froth starts to come out of the valuations of private Internet companies as well.<br /><br />The questions now are: Will the correction become a full-blown bear market? And how much will the social media bubble look like the dot-com bubble?<br /><br />Fear and greed<br /><br />As with other bubbles &#8212; from tulips to dot-coms &#8212; the social media boom was created by greed and inflated by fear.<br /><br />The greed that started this bubble came from those in the private investment community who &#8212; by design, of course &#8212; are out to maximize profits. People invest money to make money, after all, so it&#8217;s no surprise that VC firms have rushed in to fund so many social media startups.<br /><br />The fear that inflated it emanated from professional money managers who were terrified of missing out on the &#8220;hot&#8221; IPOs of the past 12 months; that fear is ironic when you consider these fund managers are, for the most part, playing with other people&#8217;s money &#8212; in millions of brokerage and retirement accounts &#8212; and thus have no real skin in the game.<br /><br />Now that the VC-fed bubble in social media stocks has met the sharp anger of all those money managers counting up their Facebook losses, look for the public markets to start picking winners and losers in the social media industry. The rising tide that has lifted all social media boats is clearly ebbing.<br /><br />Companies that can&#8217;t produce annual net income despite billions of dollars in annual sales &#8212; including Groupon and Zynga &#8212; are going to end up as also-rans or takeover fodder at valuations well below their current prices. But don&#8217;t grieve for their insiders, who cashed out big even before their disastrous IPOs.<br /> <br />At the same time, there&#8217;s a reasonable chance that Facebook and LinkedIn will survive as public companies &#8212; given that every new technology market produces two or three winners. (For example, think Intel and AMD in chips; Dell, H-P and Apple in PCs; Oracle, IBM and Microsoft in enterprise software; or Google and Amazon.com in Internet services.)<br /><br />P/E watch<br /><br />But it will take both Facebook and LinkedIn a long time to grow into their current valuations.<br /><br />Based on Tuesday&#8217;s closing share price of $34.03 a share, Facebook is trading at about 65 times expected 2012 earnings of 52 cents a share, according to the consensus earnings estimates compiled by Thomson.<br /><br />LinkedIn is even pricier. At a price of $96 a share, it&#8217;s trading at 143 times expected 2012 earnings of 67 cents a share.<br /><br />Given that froth, even the best of the social media stocks might have much further to fall. <br /><br />Please contact www.thestreetbeat.com for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br />StreetBeat Disclaimer<p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Czg3W8pL084" height="1" width="1"/>Bob BenderTue, 22 May 2012 14:30:32 GMThttp://www.pennypayday.com/street-beat-articles-29/4356-social-media-investment-bubble-has-popped.aspxhttp://www.pennypayday.com/street-beat-articles-29/4356-social-media-investment-bubble-has-popped.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/7GIL8DA4aEI/4355-cree-inc-nasdaq-cree-tumbles-cfo-leaving-for-same-job-at-extreme-networks.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4355/job-loss_180x120.jpg" title="Cree Inc. (Nasdaq: CREE) Tumbles; CFO Leaving For Same Job At Extreme Networks" alt="Cree Inc. (Nasdaq: CREE) Tumbles; CFO Leaving For Same Job At Extreme Networks" align="left" style="margin-right:10px;" />Atlanta, GA 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Cree Inc. (<a href="http://www.thestreetbeat.com/market-data-125/cree.aspx">Nasdaq: CREE</a>) shares are falling hard Tuesday morning after the LED lighting company announced that CFO John Kurtzweil has resigned effective yesterday to take the CFO job at Extreme Networks, a networking equipment company.<br /><br />At Extreme, Kurtzweil will succeed interim CFO Jim Judson.<br /><br />At Cree, on an interim basis he will be replaced by Michael McDevitt, who has been corporate controller. The company has hired Russell Reynolds to conduct a search for a permanent replacement. Kurtwell will remain an employee of the company until June 15 to assist with the transition.<br /><br />&#8220;The decision to leave Cree was a very difficult one for me as the past six years have been personally rewarding,&#8221; Kurtzweil said in a statement. &#8220;At this point in my career, however, I decided to move to Extreme Networks, a smaller firm where I can have a more hands-on role in growing the business.&#8221;<br /><br />Investors always hate CFO transition, and this one is no exception: CREE is down $3.77, or 13%, to $25.32.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/7GIL8DA4aEI" height="1" width="1"/>Bob BenderTue, 22 May 2012 14:15:10 GMThttp://www.pennypayday.com/street-beat-articles-29/4355-cree-inc-nasdaq-cree-tumbles-cfo-leaving-for-same-job-at-extreme-networks.aspxhttp://www.pennypayday.com/street-beat-articles-29/4355-cree-inc-nasdaq-cree-tumbles-cfo-leaving-for-same-job-at-extreme-networks.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/bAb33iwPPAQ/4354-retailer-express-nyse-expr-cuts-profit-outlook-shares-slump.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4354/stock-down-arrow-43_180x120.jpg" title="Retailer Express (NYSE: EXPR) cuts profit outlook; shares slump" alt="Retailer Express (NYSE: EXPR) cuts profit outlook; shares slump" align="left" style="margin-right:10px;" />Shawshank, VA 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Specialty apparel retailer Express Inc (<a href="http://www.thestreetbeat.com/market-data-125/expr.aspx">NYSE: EXPR</a>) reported lower-than-expected quarterly results and cut its full-year earnings guidance as higher costs hurt margins, sending its shares plunging 22 percent.<br /><br />First-quarter net income rose to $42.1 million, or 47 cents per share, from $35.0 million, or 39 cents per share, a year ago.<br /><br />Net sales increased 6 percent to $496.0 million.<br /><br />Analysts on average had expected earnings of 49 cents per share, on revenue of $503.2 million, according to Thomson Reuters I/B/E/S.<br /><br />Gross margin fell to 38.1 percent from 38.2 percent.<br /><br />The company now expects to earn $1.79 to $1.89 per share in fiscal 2012, compared with its previous guidance of $1.84 to $1.97 per share.<br /><br />Shares of the company fell $5.09 to $18 before the bell.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/bAb33iwPPAQ" height="1" width="1"/>Andy DufraneTue, 22 May 2012 14:07:30 GMThttp://www.pennypayday.com/street-beat-articles-29/4354-retailer-express-nyse-expr-cuts-profit-outlook-shares-slump.aspxhttp://www.pennypayday.com/street-beat-articles-29/4354-retailer-express-nyse-expr-cuts-profit-outlook-shares-slump.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/qQEe2zTIoSo/4353-noah-holdings-nyse-noah-announces-us30-million-share-repurchase-program.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4353/wlst1-70_180x120.jpg" title="Noah Holdings (NYSE: NOAH) Announces US$30 Million Share Repurchase Program" alt="Noah Holdings (NYSE: NOAH) Announces US$30 Million Share Repurchase Program" align="left" style="margin-right:10px;" />Shawshank, VA 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Noah Holdings Limited (<a href="http://www.thestreetbeat.com/market-data-125/noah.aspx">NYSE: NOAH</a>), the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced that its board of directors has approved a share repurchase program, effective immediately, which authorizes the Company to repurchase up to US$30 million worth of its issued and outstanding American Depositary Shares ("ADSs") over the course of one year.<br /><br />The proposed share repurchase may be made on the open market at prevailing market prices pursuant to Rule 10b5-1 and/or Rule 10b-18, in privately negotiated transactions, in block trades or otherwise from time to time depending on market conditions and in accordance with applicable rules and regulations. Noah's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.<br /><br />ABOUT NOAH HOLDINGS LIMITED<br />Noah Holdings Limited is the leading independent service provider focusing on distributing wealth management products to the high net worth population in China. Noah distributes over-the-counter wealth management products that are originated in China, including primarily fixed income products, private equity funds and securities investment funds. With 580 relationship managers in 60 branch offices as of March 31, 2012, Noah's total coverage network encompasses China's most economically developed regions where the high net worth population is concentrated. Through this extensive coverage network, product sophistication, and client knowledge, the Company caters to the wealth management needs of China's high net worth population. For more information please visit the Company's website at http://www.noahwm.com.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/qQEe2zTIoSo" height="1" width="1"/>Andy DufraneTue, 22 May 2012 14:02:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4353-noah-holdings-nyse-noah-announces-us30-million-share-repurchase-program.aspxhttp://www.pennypayday.com/street-beat-articles-29/4353-noah-holdings-nyse-noah-announces-us30-million-share-repurchase-program.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/OrfB2a4KnXg/4352-benihana-nasdaq-bnhn-to-go-private-in-296-mln-deal.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4352/benihana_180x120.jpg" title="Benihana (Nasdaq: BNHN) to go private in $296 mln deal" alt="Benihana (Nasdaq: BNHN) to go private in $296 mln deal" align="left" style="margin-right:10px;" />Orlando, FL 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Japanese-style restaurant chain Benihana Inc (<a href="http://www.thestreetbeat.com/market-data-125/bnhn.aspx">Nasdaq: BNHN</a>) said it will be taken private by private equity group Angelo Gordon &amp; Co in a deal valued at about $296 million.<br /><br />Under the agreement, the private equity firm will pay Benihana shareholders $16.30 per share, a 23 percent premium to the stock's close on Monday.<br /><br />Earlier this year, the company had said it was exploring strategic alternatives, including a possible sale.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/OrfB2a4KnXg" height="1" width="1"/>Janice MeehanTue, 22 May 2012 13:51:12 GMThttp://www.pennypayday.com/street-beat-articles-29/4352-benihana-nasdaq-bnhn-to-go-private-in-296-mln-deal.aspxhttp://www.pennypayday.com/street-beat-articles-29/4352-benihana-nasdaq-bnhn-to-go-private-in-296-mln-deal.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/zqRpp_Fx2Zg/4351-cleantech-solutions-nasdaq-clnt-receives-17-million-in-orders-for-wind-power-components.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4351/wind-energy-4_180x120.jpg" title="Cleantech Solutions (Nasdaq: CLNT) Receives $1.7 Million in Orders for Wind Power Components" alt="Cleantech Solutions (Nasdaq: CLNT) Receives $1.7 Million in Orders for Wind Power Components" align="left" style="margin-right:10px;" />Orlando, FL 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Cleantech Solutions International, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/clnt.aspx">Nasdaq: CLNT</a>), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries, today announced that the Company has received purchase orders to supply motor shaft forgings to Nanjing Turbine &amp; Electric Machinery Changfeng Alternative Energy Co., Ltd ("Nanjing Turbine") for an aggregate amount of $1.7 million.<br /><br />The purchase orders provide that Cleantech Solutions will deliver a total of 800 units of motor shaft forgings, amounting to total revenue of RMB10.6 million (approximately $1.7 million) by the end of 2012. The Company has received advance payments of RMB1.6 million (approximately $0.3 million).<br /><br />"We are encouraged to receive follow-on purchase orders from Nanjing Turbine, an established player in China's wind power market," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions. "We believe this demonstrates the high-quality of our products and our ability to meet our customers' needs for wind components and other equipment."<br /><br />About Cleantech Solutions International<br /><br />Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology industries. The Company supplies forging products, fabricated products and machining services to a range of clean technology customers, primarily in the wind power sector. Cleantech Solutions is committed to achieving long-term growth through ongoing technological improvement, capacity expansion, and the development of a strong customer base. The Company's website is www.cleantechsolutionsinternational.com. Any information on the Company's website or any other website is not a part of this press release.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/zqRpp_Fx2Zg" height="1" width="1"/>Janice MeehanTue, 22 May 2012 13:45:13 GMThttp://www.pennypayday.com/street-beat-articles-29/4351-cleantech-solutions-nasdaq-clnt-receives-17-million-in-orders-for-wind-power-components.aspxhttp://www.pennypayday.com/street-beat-articles-29/4351-cleantech-solutions-nasdaq-clnt-receives-17-million-in-orders-for-wind-power-components.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/hYv_3tgzjkg/4350-the-week-ahead-the-worst-case-scenario.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4350/restuarant_180x120.jpg" title="The Week Ahead; The Worst Case Scenario" alt="The Week Ahead; The Worst Case Scenario" align="left" style="margin-right:10px;" />Palm Beach, FL 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- As one can readily imagine, a man in my position is constantly on the move. You don&#8217;t get to be the assistant to the deputy administrator for monocotyledon classifications of the European Union&#8217;s Community Plant Variety Office (CPVO), regional sub-division in Brussels, without being a go getter. It can certainly be said that I fill my seven hour work day with action befitting my portfolio. That kind of exhausting schedule really builds an appetite, which I feel I can sate by justifiably tapping the CPVO expense account, but of course. <br /><br />So I find myself once again settling into the familiar surroundings of Comme Chez Soi. You must know it, the Michelin three star joint just off the Avenue de Stalingrad. Sure its upper end, but I do the EU a great service and this is quid pro quo at the very least. Besides, as their wine list clearly states they carry &#8220;a fully detailed and well supplied heading of white and red wines for less than EU100.&#8221; Not that I care to drink that swill, but I could if need be. But then again do you really think the EU would want a key team member, such as myself, to lower his standards and possibly risk having that reduced vision creep into one&#8217;s mission; yeah, I know it&#8217;s ridiculous to even consider it, but it&#8217;s my nature to look at all sides of an issue. <br /><br />Waiter: Good evening, once again, sir. Would you like to start with the usual? <br /><br />Why not? The Royal Belgian caviar &#8220;Oscietra Gold&#8221; sounds great.<br /><br />You work for the European Union, don&#8217;t you sir?<br /><br />That&#8217;s who pays the bills.<br /><br />Well, a couple of top ministers dined here just shortly before you arrived. They had a fascinating conversation about the situation with Greece and the chance that they could leave the currency union and go back to the drachma. Very interesting indeed; what do you think will happen?<br /><br />Hmmm, actually I&#8217;m knee deep in trying to figure out how the EU can charge a fee to Eastern Europe for wind-blown pollination from Western European grasses. Tricky and important stuff like that leaves me no time to worry about how to pay for a holiday in Greece. What happens in Athens stays in Athens, right? <br /><br />Not quite sir, not according to the ministers. They say that there was never before a thought given to the possibility that a country could leave the euro zone, that the only thing to worry about was how to accommodate the new arrivals. But since last autumn there has been a recognition, up to the most senior levels of European leadership, that Greece could exit the single currency union; might actually be asked to go, in a here&#8217;s your hat what&#8217;s your hurry sort of way. The ministers said that some contingency plans are being made, even by the ECB, to prepare for a Greece exit. <br /><br />They seemed very worried about the Greek vote coming up in June; &#8220;never good to have the people decide their own country&#8217;s fate,&#8221; they said, it was like the blind leading the blind; you never know who they might elect, maybe even someone who will lead them out of the euro and back into the drachma.<br /><br />Well good riddance, I say. I&#8217;ll take the Beef fillet with black truffles please.<br /><br />The beef, certainly sir. But, in regards to Greece, the ministers were not too sure about the riddance being good if Greece were to leave. They kept referring to the &#8220;worst case scenario&#8221;. The vote in June, they say, may end up being the catalyst for Greece to exit the zone and because of that senior EU leadership has a conscious strategy to make it very clear to the Greek voters that if they decide to cut and run the consequences will be ominous; the country will be ostracized, their economy will be in ruins and they will lose an entire generation to emigration in search of work. They want to be sure the voters in Athens hear them loud and clear that leaving the euro zone would be a disaster for them.<br /><br />Well, that could be my good man, but I am pretty sure the &#8220;worst case scenario&#8221; is that the banks in the rest of Europe, including the national central banks, such as the Bundesbank, will take a hit on any debts owed by Greece because, sir, who in their right mind would want to be paid in drachma?<br /><br />Well, no that was not the &#8220;worst case scenario&#8221; that seemed to have them terrified. They were not happy about the potential losses that would result from Greece leaving; both from Greek debts and from the fear of contagion rippling through to the debt of other countries such as Spain, Portugal or Ireland. But they figured that they could build a tall enough firewall to fence in the remainder of the zone and fence out most of the ripple effect from Greece. It wouldn&#8217;t be the best thing ever, but not the &#8220;worst case&#8221; either. It could even turn out that a disastrous outcome in Greece from their decision to leave the euro and print the drachma would focus their minds in the euro zone and result in a more comprehensive union; fiscal, political, etc that would satisfy everyone, even Germany, without going overboard with Berlin&#8217;s austerity hair shirt.<br /><br />Espresso please. But first please tell me what this terrifying &#8220;worst case scenario&#8221; of which the ministers spoke?<br /><br />Clearly there is one thing that has the EU ministers most afraid. The &#8220;worst case scenario&#8221; that could bring down the euro zone as we know it.<br /><br />What? What is it?<br /><br />The &#8220;worst case scenario&#8221; is that Greece stops using the euro, re-installs the drachma and that the country prospers, possibly in short order, as a result. The ministers were as white as ghosts when they talked about Greece improving its current account deficit with cheap exports and a reinvigoratedtheir tourist industry. Olive oil and other products leaving the country in massive amounts while discount seeking vacationers come in at a record pace. They shuddered as they discussed the possibility of China investing in the Greek infrastructure and revitalizing the Mediterranean ports as their own logistics center for exports to the rest of Europe. <br /><br />And if all this were to occur, the ministers moaned, then what will be the reaction in Madrid, Dublin, or, don&#8217;t even say it, Rome? They envisioned mass protests by the otherwise unoccupied youth in those countries, possibly leading to, don&#8217;t say it, more votes that become referenda on using or leaving the euro. And they worried that one or more of these other exiteers could see the advantage of being an early mover and then no firewall would be big enough to cover the losses on the debt from these countries. The worst case is Greece succeeding on its own, not the reverse. <br /><br />The ministers left without desert. <br /><br />This cannot be good for the EU Plant Variety Office, check please.<br /><br />Should I add it to the EU tab?<br /><br />But of course.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/hYv_3tgzjkg" height="1" width="1"/>Ashley MontgomeryTue, 22 May 2012 13:36:29 GMThttp://www.pennypayday.com/street-beat-articles-29/4350-the-week-ahead-the-worst-case-scenario.aspxhttp://www.pennypayday.com/street-beat-articles-29/4350-the-week-ahead-the-worst-case-scenario.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/0nbuvqUmw0g/4349-best-buy-nyse-bby-results-top-estimates-outlook-maintained.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4349/best-buy-entrance_180x120.jpg" title="Best Buy (NYSE: BBY) results top estimates; outlook maintained" alt="Best Buy (NYSE: BBY) results top estimates; outlook maintained" align="left" style="margin-right:10px;" />Palm Beach, FL 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Best Buy Co Inc (<a href="http://www.thestreetbeat.com/market-data-125/bby.aspx">NYSE: BBY</a>) reported better-than-expected quarterly results and maintained its outlook for the year as a turnaround plan started to take hold, sending shares in the world's largest consumer electronics chain up more nearly 4 percent.<br /><br />The stronger results eased concerns about the future of the retailer after Chief Executive Brian Dunn resigned abruptly last month amid a probe into allegations of personal misconduct.<br /><br />Critics are also worried that Best Buy is serving as a showroom for Amazon.com Inc (<a href="http://www.thestreetbeat.com/market-data-125/amzn.aspx">Nasdaq: AMZN</a>) and other online retailers.<br /><br />"Best Buy is in a turnaround, and the strategic priorities we laid out at the beginning of the year are just the first phase of the changes to come," Interim CEO Mike Mikan said. "We know we have to better adapt to the new realities of the marketplace."<br /><br />Sales rose 2.1 percent to $11.61 billion, beating the analysts' average estimate of $11.52 billion.<br /><br />Net earnings fell to $161 million, or 47 cents a share, for the quarter ended May 5, from $255 million, or 64 cents a share, a year earlier. Excluding items, it earned 72 cents a share, beating the average estimate of 59 cents.<br /><br />Best Buy's results were also helped by a lower tax rate and strength in its U.S. online segment.<br /><br />The company maintained its fiscal 2013 outlook, seeing earnings of $3.50 to $3.80 a share, excluding restructuring costs.<br /><br />Shares rose 3.7 percent to $18.85 in premarket trading.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/0nbuvqUmw0g" height="1" width="1"/>Bob BenderTue, 22 May 2012 13:23:00 GMThttp://www.pennypayday.com/street-beat-articles-29/4349-best-buy-nyse-bby-results-top-estimates-outlook-maintained.aspxhttp://www.pennypayday.com/street-beat-articles-29/4349-best-buy-nyse-bby-results-top-estimates-outlook-maintained.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/jYvPL45FdSY/4348-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4348/wall-st1-59_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Palm Beach, FL 5/22/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were generally strong in Asian trade. The Nikkei, Shanghai and Australia all gained slightly more than one percent and the Hang Seng rose 0.6%. Europe is also doing well this morning with both the Footsie and Dax better by about one percent. US stock futures are up a slight fraction as I write.<br /> <br />*Japan&#8217;s credit rating was downgraded to A+ from AA by Fitch overnight; the outlook is negative.<br /> <br />*German government official, in a briefing for an upcoming EU summit, says that his country continues to oppose Eurobonds and doesn&#8217;t see them as a topic at the summit. The spokesman also noted that Germany opposes direct lending to banks by the EFSF or ESM.<br /> <br />*The OECD says that Europe&#8217;s debt crisis risks spiraling downward and threatens the world economy; therefore they say that fiscal consolidation in Europe should be growth friendly as well. Also the OECD thinks that the ECB should bring down its key rate to near zero and expand unsterilized purchases of long-term securities.<br /> <br />*The April reading of the UK Consumer Price Index +0.6% month on month, as expected and up 3.0% year on year, one tenth less than forecast and down a half percent from the month before.<br /> <br />*The weekly report on chain store sales from ICSC showed a decline of 1.7% on a week on week basis for the week of May 19; it is the fourth time in the last five weeks that the weekly report has been down from the week before. The Johnson Redbook report on the same thing is due out at 7:55am CDT.<br /> <br />*The April reading of Existing Home Sales is due out at 9:00am CDT. Sales are expected to be 4.61 million units annualized, an increase of 2.9% from the month before.<br /> <br />*The May reading of the Richmond Fed Manufacturing Index is due out at 9:00am CDT, it is expected to be 11, down from 14 in April.<br /> <br />*The Fed is scheduled to sell Treasuries today that are due to mature between 3.15.13 and 9/30/13; the results of the operation will be announced just after 10:00am CDT.<br /> <br />*The Treasury plans to sell $35 billion 2 Year Notes today; the auction results will be announced just after noon CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/jYvPL45FdSY" height="1" width="1"/>Ashley MontgomeryTue, 22 May 2012 13:16:55 GMThttp://www.pennypayday.com/street-beat-articles-29/4348-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4348-3-things-to-know-before-trading.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/nrvlD0CbHTA/4347-radian-nyse-rdn-shareholder-seeks-more-information-to-help-sale.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4347/stock-research-26_180x120.jpg" title="Radian (NYSE: RDN) shareholder seeks more information to help sale" alt="Radian (NYSE: RDN) shareholder seeks more information to help sale" align="left" style="margin-right:10px;" />Palm Beach, FL 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Radian Group Inc (<a href="http://www.thestreetbeat.com/market-data-125/rdn.aspx">NYSE: RDN</a>) shareholder Clinton Group pushed the mortgage insurer to disclose more information about its business to potential suitors, saying it was aware of at least one former industry executive keen on acquiring the company.<br /><br />In a letter to the company, asset manager Clinton said the potential suitor had expressed serious interest in acquiring Radian at a price significantly above its current trading level.<br /><br />Radian shares, which traded at more than $60 before the housing meltdown in 2007, opened up 6 percent at $2.15 on the New York Stock Exchange on Monday.<br /><br />Clinton asked Radian to give shareholders sufficient data about its legacy mortgage insurance and other business for estimating potential liabilities of the company.<br /><br />Clinton Group has a 1.4 percent stake in the company, according to Thomson Reuters data.<br /><br />Radian and its rivals MGIC Investment Corp (<a href="http://www.thestreetbeat.com/market-data-125/mtg.aspx">NYSE: MTG</a>) and Genworth Inc (<a href="http://www.thestreetbeat.com/market-data-125/gnw.aspx">NYSE: GNW</a>) insure home loans when the down payments are less than a fifth of the property's price.<br /><br />These insurers underwrote millions of mortgages at low premiums in the heady days of the housing boom. But the wave of foreclosures, unleashed by the crisis that followed, hit their capital levels and raised their risk ratios.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/nrvlD0CbHTA" height="1" width="1"/>Ashley MontgomeryMon, 21 May 2012 16:24:35 GMThttp://www.pennypayday.com/street-beat-articles-29/4347-radian-nyse-rdn-shareholder-seeks-more-information-to-help-sale.aspxhttp://www.pennypayday.com/street-beat-articles-29/4347-radian-nyse-rdn-shareholder-seeks-more-information-to-help-sale.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/l3tz0-KUStA/4346-greenhunter-water-nyse-grh-significantly-expands-eagle-ford-shale-play-presence.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4346/water-spout_180x120.jpg" title="GreenHunter Water (NYSE: GRH) Significantly Expands Eagle Ford Shale Play Presence" alt="GreenHunter Water (NYSE: GRH) Significantly Expands Eagle Ford Shale Play Presence" align="left" style="margin-right:10px;" />Palm Beach, FL 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- GreenHunter Energy, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/grh.aspx">NYSE: GRH</a>), a diversified renewable energy company predominately focused on water resource management in the unconventional oil and natural gas shale resource plays, announced today that its wholly owned subsidiary, GreenHunter Water, LLC, has entered into a definitive Joint Venture Agreement (&#8220;JV&#8221;) to develop seven Class II salt water disposal (SWD) wells to be located in Gonzales, Karnes, DeWitt, Frio and La Salle counties of South Texas. These new wells will be strategically located in the heart of the Eagle Ford Shale Play and will establish GreenHunter as the dominant operator of SWD capacity and a leading provider of Total Water Management Solutions&#8482; in this very active region.<br /><br />When fully operational, management expects aggregate commercial disposal capacity from these wells to exceed 140,000 Barrels per day (BBL/D). For its 75% ultimate share in the JV, GreenHunter will pay total consideration to the JV partners of approximately $3.6 million in a combination of cash, newly issued GRH restricted common stock (valued at $2.06 per share) and Series C perpetual cumulative preferred shares. Management is presently budgeting capital expenditures of approximately $1.75 million for each SWD facility location.<br /><br />The seven properties are very strategically located and include leases on a combined 84 surface acres that will be developed under a drilling and completion program scheduled to immediately commence development. The portfolio of seven properties includes four fully permitted wells and three wells in various advanced stages of the application and approval process with the Texas Railroad Commission (TRRC). GreenHunter will manage all aspects of the JV including the drilling, completion, facility equipment installation, and operations of the SWD wells and facilities.<br /><br />Commenting on this significant transaction, Jonathan D. Hoopes, GreenHunter President and COO stated, &#8220;There were 138 drilling rigs running in the five counties that comprise our Eagle Ford joint venture territory as of the end of April. This represents a 20% increase in drilling rig count since the beginning of the year and we expect the number of rigs to keep growing throughout the year as operators reposition capital budgets into this prolific resource play. A further indication of the potential future drilling activity in this five-county area is the number of oil and natural gas drilling permit approvals, which is up 76% for the three month period ending April 30 compared to last year. Significant disposal capacity restraints continue to exist in this region as produced water grows due to this increased new well activity. By combining these new joint venture SWDs with our existing Eagle Ford operations, GreenHunter Water will become a major service provider with its Total Water Management Solutions TM in the evolving Eagle Ford Shale Play.&#8221;<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/l3tz0-KUStA" height="1" width="1"/>Ashley MontgomeryMon, 21 May 2012 16:19:16 GMThttp://www.pennypayday.com/street-beat-articles-29/4346-greenhunter-water-nyse-grh-significantly-expands-eagle-ford-shale-play-presence.aspxhttp://www.pennypayday.com/street-beat-articles-29/4346-greenhunter-water-nyse-grh-significantly-expands-eagle-ford-shale-play-presence.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/HRld6c7GNuA/4345-dna-brands-otcbb-dnax-subsidiary-named-as-florida-master-distributor-for-new-leaf-brands.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4345/dnax_180x120.jpg" title="DNA Brands (OTCBB: DNAX) Subsidiary Named as Florida Master Distributor for New Leaf Brands" alt="DNA Brands (OTCBB: DNAX) Subsidiary Named as Florida Master Distributor for New Leaf Brands" align="left" style="margin-right:10px;" />Northern, WI 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- DNA Brands, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/dnax.aspx">OTCBB:DNAX</a>), makers of the great tasting DNA Energy Drink(R) and DNA Meat Snacks, each a favorite of the action sports community and its enthusiastic followers, announced today that its wholly owned subsidiary,Grass Roots Beverage, has signed an exclusive master distribution agreement with New Leaf Brands(R), the New Jersey ready-to-drink ice tea and lemonade producer.<br /><br />Ralph Sabella, Vice President of Operations for Grass Roots Beverage, stated, "We are extremely pleased to be able add New Leaf Brands(R) to our growing portfolio of distributed products. It is our goal to offer top shelf beverage producers a statewide Florida distribution alternative." Sabella added, "Grass Roots Beverage is one of the few distributors in the state that can offer this type of service because others like Coke, Pepsi, Anheuser Bush and Miller are virtually unavailable to smaller regional companies seeking to enter our market." Sabella concluded, "Our objective is to build a comprehensive product portfolio that will complement our own DNA Energy Drink(R) line and significantly increase revenue and profitability at each stop we make. With that in mind we anticipate the naming of several new products for distribution in the near future. The initial launch of the New Leaf lemonade began on May16 to the independent convenience store operators currently being serviced under the Grass Roots umbrella."<br /><br />About New Leaf Brands(R)<br /><br />New Leaf was founded on that mission in 2004, by beverage industry veteran and visionary Eric Skae. It has since become one of the fastest growing and most innovative healthful beverage brands. The Company now offers a full portfolio of seventeen products including new Strawberry, Blackberry and homemade lemonades and Tiger Half &amp; Half Iced Tea Lemonade.<br /><br />New Leaf products are now available through over 100 leading beverage distributors and the brand is in retail distribution in 35 states. The Company has a strong community and social service orientation, and take an active role in related events including the MS Bike Tour and MS Walk. It's global headquarters is located in Old Tappan, New Jersey.<br /><br />About DNA Brands, Inc.<br /><br />DNA BRANDS make DNA Energy Drink(R), the award-winning, best-tasting energy drink at the 2010 World Beverage Competition, and DNA Shred Stix(TM). DNA Energy Drink(R) is a proprietary blend of quality ingredients in four flavors Citrus, Lemon Lime, Sugar Free Citrus and CRANRAZBERRY. DNA is a proud sponsor of many action sport teams consisting of top athletes from Motorcross, Surf, Wakeboard and Skateboard has received tremendous TV and media coverage.<br /><br />Independent retailers throughout the state sell the DNA Brand products as well as national retailers including Walgreens, Race Trac and Circle K. Distribution is primarily through Grass Roots Beveragethe Company's wholly owned subsidiary and select Miller and Anheuser-Bush distributors in select markets.<br /><br />True to its actions sports roots, DNA BRANDS, INC., has earned national recognition through its sponsorship of the DNA Energy Drink/Jeff Ward Racing team where it competes on a world-class level in Supercross and Motocross, reaching millions of fans. DNA Energy Drink(R) can also be found in other action sports such as Surfing, BMX, Wakeboarding and Skateboarding and its athletes are recognized stars in their own right.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/HRld6c7GNuA" height="1" width="1"/>Steve KanavalMon, 21 May 2012 16:07:55 GMThttp://www.pennypayday.com/street-beat-articles-29/4345-dna-brands-otcbb-dnax-subsidiary-named-as-florida-master-distributor-for-new-leaf-brands.aspxhttp://www.pennypayday.com/street-beat-articles-29/4345-dna-brands-otcbb-dnax-subsidiary-named-as-florida-master-distributor-for-new-leaf-brands.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/qU5MmZcKVd8/4344-parrot-nyse-parro-distribution-agreement-with-teletouch-otcbb-tlle-for-central-region-states.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4344/contract-signing1-10_180x120.jpg" title="Parrot (NYSE: PARRO) Distribution Agreement with Teletouch (OTCBB: TLLE) for Central Region States" alt="Parrot (NYSE: PARRO) Distribution Agreement with Teletouch (OTCBB: TLLE) for Central Region States" align="left" style="margin-right:10px;" />Northern, WI 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Teletouch Communications, Inc. (<a href="http://www.thestreetbeat.com/market-data-125/tlle.aspx">OTCBB:TLLE</a>) , a leading U.S. wireless services, cellular, consumer electronics and public safety equipment distributor, today announced that Parrot, Inc., the U.S. subsidiary of Parrot S.A. (<a href="http://www.thestreetbeat.com/market-data-125/parro.aspx">NYSE: PARRO</a>), and a global leader in wireless devices for mobile phones, recently signed a new distribution agreement appointing Teletouch&#8217;s wholly-owned subsidiary, Progressive Concepts, Inc. dba PCI Wholesale as the sole preferred regional distributor for the states of Texas, Oklahoma, Arkansas &amp; Louisiana. PCIW now carries a full line of Parrot&#174; Bluetooth&#174; hands-free products for sale to approved dealers in the contracted territory.<br /><br />Peter George, Vice President of Sales and Marketing for Parrot USA, stated, &#8220;We are pleased to announce our new sole preferred regional distributor relationship with PCI Wholesale. This agreement further deepens and strengthens the long standing association Parrot has had with PCI Wholesale for many years. Even before becoming our preferred regional distributor, we have had a long history with PCI and with this new agreement now in place, look to expand the sales of Parrot products within the territory.&#8221;<br /><br />&#8220;Parrot products have been a mainstay in our Bluetooth wireless lineup for many years and we could not be happier than to better solidify our relationship with Parrot,&#8221; added T.A. &#8220;Kip&#8221; Hyde, Jr., President and COO of Teletouch, and CEO of Progressive Concepts. &#8220;Parrot has always been a leader and innovator in Bluetooth connectivity solutions. Nothing could highlight this more than their new Asteroid line of Bluetooth car stereos. In addition to quality sound, Asteroid affords users web service apps, voice recognition and hands-free calling. With more and more states enacting hands-free driving laws, we see continued growth in this category.&#8221;<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/qU5MmZcKVd8" height="1" width="1"/>Steve KanavalMon, 21 May 2012 16:00:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4344-parrot-nyse-parro-distribution-agreement-with-teletouch-otcbb-tlle-for-central-region-states.aspxhttp://www.pennypayday.com/street-beat-articles-29/4344-parrot-nyse-parro-distribution-agreement-with-teletouch-otcbb-tlle-for-central-region-states.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/JXUfBBZlBvs/4343-why-american-eagle-nyse-aeo-shares-flew.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4343/stocks-increase-43_180x120.jpg" title="Why American Eagle (NYSE: AEO) Shares Flew" alt="Why American Eagle (NYSE: AEO) Shares Flew" align="left" style="margin-right:10px;" />Northern, WI 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- What: Shares of teen-oriented apparel retailer American Eagle Outfitters (<a href="http://www.thestreetbeat.com/market-data-125/aeo.aspx">NYSE: AEO</a>) soared 11% in intraday trading today on news that it is exiting from its children's business, 77kids, and that CFO Joan Hilson is stepping down.<br /><br />So what: Lackluster sales have hurt American Eagle over the past several years, but this news suggests that new CEO Robert Hanson is pretty serious about his turnaround plans. Exiting 77kids helps the company focus on its core brands -- 77kids lost $24 million last year -- while management changes allow for fresh leadership, giving analysts plenty of good vibes about American Eagle's profitability going forward.<br /><br />Now what: Management is considering options for 77kids -- including a full or partial sale of to a third party -- and expects the charges to be taken largely in the second and third quarters. "Although making this decision is disappointing," CEO Robert Hanson said of the exit from 77kids, "it is in the best interest of the company and our shareholders to prioritize and focus our efforts on businesses with the highest return potential." With the stock now up more than 100% from its 52-week lows, however, I'd wait for a considerable pullback before buying in.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/JXUfBBZlBvs" height="1" width="1"/>Steve KanavalMon, 21 May 2012 15:48:55 GMThttp://www.pennypayday.com/street-beat-articles-29/4343-why-american-eagle-nyse-aeo-shares-flew.aspxhttp://www.pennypayday.com/street-beat-articles-29/4343-why-american-eagle-nyse-aeo-shares-flew.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Ie07zo6YxHk/4342-digital-domain-nyse-ddmg-announces-abu-dhabi-expansion.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4342/ddmg_180x120.jpg" title="Digital Domain (NYSE: DDMG) Announces Abu Dhabi Expansion" alt="Digital Domain (NYSE: DDMG) Announces Abu Dhabi Expansion" align="left" style="margin-right:10px;" />Orlando, FL 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- At the Cannes Film Festival today, digital production company Digital Domain Media Group (<a href="http://www.thestreetbeat.com/market-data-125/ddmg.aspx">NYSE:DDMG</a>), and twofour54, the Abu Dhabi government-backed media and entertainment hub, announced that they are collaborating to drive development of the local film, TV and media production industry in the Middle East.<br /><br />Digital Domain Media Group (DDMG) will establish an animation, visual effects and motion capture studio and Digital DomainInstitute media school in Abu Dhabi. The collaboration is designed to support the Emirate&#8217;s goal to become the region&#8217;s center of excellence for media content creation, growing both the industry and national talent.<br /><br />DDMG will begin production of visual effects and animation in studios in twofour54 at the beginning of 2013, with plans to recruit and hire staff immediately from local and international talent pools. Over time the studio will employ upwards of 500 people. DDMG will develop a purpose-built 150,000 square foot (14,000 square meter) state-of-the-art entertainment production complex, which is expected to be operational by the end of 2015.<br /><br />The new Digital Domain studio will create animated feature films, produce visual and 3D effects, engage in the production of original Middle Eastern-branded entertainment for global audiences and contribute to international productions. The studio will become part of Digital Domain&#8217;s global feature film VFX and animation pipeline, connected to its studios in Los Angeles, Vancouver, San Francisco, London, Florida and Mumbai.<br /><br />The Digital Domain Institute/Abu Dhabi, modeled after the Digital Domain Institute in West Palm Beach, Florida, will train students in the essential skills of digital media production for entertainment, simulation and related applications. Classes at the Digital Domain Institute/Abu Dhabi are scheduled to begin early in 2014. The market development initiative and creation of the DDMG studio and school are funded by $100M (US) in grants from the Abu Dhabi government.<br /><br />This marks the first time a major, global studio has established a presence in the region, highlighting the impact that twofour54 has had on the media industry in the Arab world. By bringing leading edge technologies and creative techniques to Abu Dhabi, DDMG will support the wider film and TV production industry and provide massive opportunities for talent and creative development in the region.<br /><br />Separately, earlier this week, twofour54 announced that the Emirate of Abu Dhabi now offers one of the world&#8217;s most competitive production incentives -- a 30% rebate for film, television and commercial media projects.<br /><br />&#8220;We are incredibly excited to join twofour54 in building a strong foundation for the filmmaking industry in Abu Dhabi,&#8221; said DDMG CEO and Chairman John Textor. &#8220;There is tremendous opportunity to produce original entertainment content for Middle Eastern audiences worldwide, and to bring Hollywood work and our own original productions here as well. Pairing the studio and school enables us to help the Emirate to build a sustainable creative industries base. Abu Dhabi was the natural location for us given its strategic location, modern infrastructure and supportive government. We&#8217;re looking forward to grooming up-and-coming Arab filmmakers at a time of such great awakening in this part of the world.&#8221;<br /><br />&#8220;Digital Domain represents the next great leap forward for twofour54 and Abu Dhabi &#8211; a strong move into digital production and the development of locally created feature films and TV content,&#8221; said Wayne Borg, Deputy CEO and Chief Operating Officer of twofour54. &#8220;The establishment of DDMG in Abu Dhabi is a significant event in the evolution of the media industry in the Middle East. It will provide incredible opportunities for young Arabs to develop skills and careers in an area of the media industry that has simply never existed before in the region.&#8221;<br /><br />An award-winning digital production company founded in 1993, DDMG is a leading provider of digital visual effects and has contributed to more than 90 major motion pictures. twofour54 is the Abu Dhabi government-backed, media and entertainment hub which focuses on training and talent development, supports creative entrepreneurship and provides enabling production, post-production and broadcast facilities. twofour54 is home to more than 160 local, regional and international media companies including CNN, BBC, Ubisoft, Fox Intl Channels, Cartoon Network, Financial Times and Charisma.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Ie07zo6YxHk" height="1" width="1"/>Janice MeehanMon, 21 May 2012 15:33:06 GMThttp://www.pennypayday.com/street-beat-articles-29/4342-digital-domain-nyse-ddmg-announces-abu-dhabi-expansion.aspxhttp://www.pennypayday.com/street-beat-articles-29/4342-digital-domain-nyse-ddmg-announces-abu-dhabi-expansion.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/UBy0J-sRvT8/4341-morning-movers-facebook-and-lowes-stumble-big-apple-in-favor.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4341/stock-market-58_180x120.jpg" title="Morning Movers: Facebook and Lowe’s Stumble BIG, Apple in Favor" alt="Morning Movers: Facebook and Lowe’s Stumble BIG, Apple in Favor" align="left" style="margin-right:10px;" />Orlando, FL 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- After a lackluster debut on Friday, shares of Facebook(<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">NASDAQ:FB</a>) fell as much as 13 percent after the opening bell. The social-media giant is now below its initial public offering price of $38 per share, trading in the $33 range this morning.<br /><br />Krispy Kreme Doughnuts Inc. (<a href="http://www.thestreetbeat.com/market-data-125/kkd.aspx">NYSE:KKD</a>) shares jumped over 8 percent in morning trading. The company reported adjusted net income of 14 cents per share for the first-quarter. By that measure, the company beat the mean estimate of 8 cents per share. Revenue also increased 3.7 percent to $108.5 million. Chief Executive Officer James H. Morgan commented: &#8220;We got off to a good start in fiscal 2013 as operating income rose 11 percent on a 4 percent increase in revenues. All four of our business segments reported improved operating results compared to last year.&#8221;<br /><br />Shares of Lowe&#8217;s Companies Inc. (<a href="http://www.thestreetbeat.com/market-data-125/low.aspx">NYSE:LOW</a>) fell 9 percent in morning trading. The home improvement company reported that first-quarter income increased 14.3 percent to $527 million (43 cents per share), compared to $461 million (34 cents per share) a year earlier. However, the company downgraded its full outlook for the year. It now expects to earn $1.73 to $1.83 a share, down from $1.75 to $1.85.<br /><br />Campbell Soup Co. (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">NYSE:CPB</a>) shares declined 2 percent early Monday. The company reported that fiscal third-quarter earnings fell 5.3 percent to $177 million (55 cents per share), compared to $187 million (57 cents per share) a year earlier. The company has now seen net income fall in each of the last four quarters.<br /><br />Apple Inc. (<a href="http://www.thestreetbeat.com/market-data-125/aapl.aspx">NASDAQ:AAPL</a>) shares surged 3 percent higher in morning trading. An analyst from Piper Jaffray explains that Apple is still on track for an October launch of the iPhone 5. Gene Munster explains, &#8220;We believe there is an 80 percent chance Apple will be able to meet our 49 million estimate given the constrained supply. We expect Apple is likely to get favorable treatment in terms of access to 28 nm inventory. Net- net, the worst case scenario is that Apple is unable to meet demand in the short term following iPhone 5 launch and units would shift from the December quarter into the March quarter as we don&#8217;t believe consumers would simply purchase another phone in most cases if they wanted the iPhone 5 and it was not available.&#8221;<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/UBy0J-sRvT8" height="1" width="1"/>Janice MeehanMon, 21 May 2012 15:25:38 GMThttp://www.pennypayday.com/street-beat-articles-29/4341-morning-movers-facebook-and-lowes-stumble-big-apple-in-favor.aspxhttp://www.pennypayday.com/street-beat-articles-29/4341-morning-movers-facebook-and-lowes-stumble-big-apple-in-favor.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/Emguae9RhWM/4340-yahoo-nasdaq-yhoo-makeover-continues-with-alibaba-deal.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4340/wlst1-69_180x120.jpg" title="Yahoo! (Nasdaq: YHOO) Makeover Continues With Alibaba Deal" alt="Yahoo! (Nasdaq: YHOO) Makeover Continues With Alibaba Deal" align="left" style="margin-right:10px;" />Shawshank, VA 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Over the weekend Yahoo! (<a href="http://www.thestreetbeat.com/market-data-125/yhoo.aspx">Nasdaq: YHOO</a>) finalized a deal to sell half of its long-standing 40% stake in Chinese e-commerce company Alibaba. The deal is valued at $7.1 billion -- $6.3 billion in cash and $800 million worth of newly minted Alibaba preferred shares.<br /><br />The deal gives Yahoo! liquidity and a clarified mission, but it comes at a price. Activist investor Daniel Loeb recently cited reports valuing all of Alibaba at $63 billion. If that's in fact the case, Yahoo! just sold $12.6 billion worth of assets at a more than 40% discount.<br /><br />Yahoo! will also take a tax hit on the agreement that could reduce the net cash the company receives to somewhere in the neighborhood of of $4 billion, according to Kara Swisher at the influential web site AllthingsD.com. As Swisher notes, the price the sides agreed upon values Alibaba at $35 billion, or some $28 billion below the figure Loeb has pointed to.<br /><br />Whatever the final tally, Yahoo!'s press release says the company "intends to return substantially all of the after tax proceeds to shareholders." Yahoo! increased its share buyback program by $5 billion in the same release.<br /><br />Any discount the company received was worth it, at least in terms of giving shareholders and employees clarity regarding Yahoo!'s strategy. Interim CEO Ross Levinsohn has been focused on ad sales at Yahoo!, and though he wasn't behind the Alibaba deal (he's been at the post for a week), he was one of Loeb's choices for Yahoo!'s CEO job.<br /><br />Shares of Yahoo! were more active than normal on the news, with volume an hour into trading heavier than what's recorded on a usual full day. The shares have been between $15.10 and $16 following the Alibaba plan and were recently up 10 cents for the session at $15.52.<br /><br />BlackBay Group's Todd Schoenberger thinks the sale is an excellent move for Yahoo!, saying it "improves the gravitas of the entire organization." Schoenberger says the success or failure of the deal will ultimately depend on what the company does with the money.<br /><br />A more aggressive move into media is, in the words of Schoenberger, a "spectacular idea," but it's not Yahoo!'s only play. There are far more interesting options that could be funded by the proceeds of the Alibaba deal, the least compelling of which is a share buyback.<br /><br />Whatever Yahoo! chooses to be, what it's not is a venture capitalist focused on China. If Yahoo! shares are as undervalued as Loeb suggests, it's a function of the Street not knowing where the company was going as a core business, not the success or failure of Alibaba and the Chinese B2B market.<br /><br />Between Loeb -- who owns 6% of Yahoo! stock -- getting three board seats, yet another change at the top and the Alibaba deal finally closing, Yahoo! seems to be getting proactive for the first time in years. Add to that the company's decision in April to cut roughly 2,000 jobs as part of its cost-cutting and refocusing efforts, and it's been an extremely busy few weeks for the Sunnyvale, Calif.-based company.<br /><br />To shareholders and employees, any move is better than sitting still.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/Emguae9RhWM" height="1" width="1"/>Andy DufraneMon, 21 May 2012 15:18:33 GMThttp://www.pennypayday.com/street-beat-articles-29/4340-yahoo-nasdaq-yhoo-makeover-continues-with-alibaba-deal.aspxhttp://www.pennypayday.com/street-beat-articles-29/4340-yahoo-nasdaq-yhoo-makeover-continues-with-alibaba-deal.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/xlapCkmi1rE/4339-where-are-facebook-nasdaq-fb-friends-stock-sinks-on-2nd-day.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4339/facebook-zuckberg-1_180x120.jpg" title="Where are Facebook (Nasdaq: FB) friends? Stock sinks on 2nd day" alt="Where are Facebook (Nasdaq: FB) friends? Stock sinks on 2nd day" align="left" style="margin-right:10px;" />Shawshank, VA 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Facebook's (<a href="http://www.thestreetbeat.com/market-data-125/fb.aspx">Nasdaq: FB</a>) stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday.<br /><br />Investors and technology industry watchers are closely tracking the Menlo Park, Calif., company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a bellwether for other social media companies.<br /><br />Facebook's market debut Friday suffered some hiccups, with trading on the Nasdaq delayed for a half hour and issues with traders' orders. The stock closed Friday just 23 cents above where it priced Thursday night, when many investors had hoped for a big first-day pop.<br /><br />Facebook Inc.'s stock is down $2.62 to $35.61 on Monday.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/xlapCkmi1rE" height="1" width="1"/>Andy DufraneMon, 21 May 2012 15:09:22 GMThttp://www.pennypayday.com/street-beat-articles-29/4339-where-are-facebook-nasdaq-fb-friends-stock-sinks-on-2nd-day.aspxhttp://www.pennypayday.com/street-beat-articles-29/4339-where-are-facebook-nasdaq-fb-friends-stock-sinks-on-2nd-day.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/XgApIY2FtkU/4338-cooper-nyse-cbe-shares-surge-25-on-eaton-merger.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4338/stock-happy-11_180x120.jpg" title="Cooper (NYSE: CBE) shares surge 25% on Eaton merger" alt="Cooper (NYSE: CBE) shares surge 25% on Eaton merger" align="left" style="margin-right:10px;" />Shawshank, VA 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; Cooper Industries (<a href="http://www.thestreetbeat.com/market-data-125/cbe.aspx">NYSE: CBE</a> +26.09%) shares leaped 25% to $69.70 early Monday after the company agreed to be bought by Eaton Corp. (<a href="http://www.thestreetbeat.com/market-data-125/etn.aspx">NYSE: ETN</a> +1.16%) in a deal valued at $11.8 billion in cash and stock.<br /><br />The deal calls for Cooper shareholders to get cash and shares worth $72 a share, a 29% premium over Cooper's May 18 closing price. The combined company will have $21.5 in revenue and be incorporated in Ireland. Eaton makes power management products. Cooper makes electrical components. Eaton shares fell 0.7% to $42.10 in early trades. <br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/XgApIY2FtkU" height="1" width="1"/>Andy DufraneMon, 21 May 2012 14:51:51 GMThttp://www.pennypayday.com/street-beat-articles-29/4338-cooper-nyse-cbe-shares-surge-25-on-eaton-merger.aspxhttp://www.pennypayday.com/street-beat-articles-29/4338-cooper-nyse-cbe-shares-surge-25-on-eaton-merger.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/X3Vk6kfYoMQ/4337-ngl-energy-partners-nyse-ngl-bulks-up-midstream-offering-with-693-million-buy.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4337/profits-up-8_180x120.jpg" title="NGL Energy Partners (NYSE: NGL) bulks up midstream offering with $693 million buy" alt="NGL Energy Partners (NYSE: NGL) bulks up midstream offering with $693 million buy" align="left" style="margin-right:10px;" />Atlanta, GA 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) &#8211; NGL Energy Partners LP (<a href="http://www.thestreetbeat.com/market-data-125/ngl.aspx">NYSE: NGL</a>) said it will buy equity interests in High Sierra Energy LP and its general partner for $693 million to add crude oil transportation and water treatment services to its offering.<br /><br />NGL Energy Partners will pay about $433 million in common units and $150 million in cash for equity interests in the High Sierra entities, the company said in a statement.<br /><br />High Sierra Energy's crude oil segment handles about 50,000 barrels (bbls) per day of crude and controls 32 pipeline injection facilities and three crude oil terminals.<br /><br />Surging oil and gas production in the U.S. is creating a scramble for infrastructure to get supplies to refining hubs. The explosive growth of domestic crude oil plays like those in the Eagle Ford Shale are feeding the trend.<br /><br />"With our combined fleet ... we will be a full service midstream solution for gas plant and fractionation operators, crude oil producers, refiners and retailers across the country," NGL CEO H. Michael Krimbill said in a statement.<br /><br />Denver, Colorado-based High Sierra's water services segment handles over 80,000 bbls of water per day.<br /><br />There is sturdy demand for water treatment services with state regulators asking oil and gas drillers to improve the treatment of harmful waste water from their operations.<br /><br />NGL expects to recommend an increase in its annual distribution to $1.65 per share from $1.45 for the quarter ended June 30, when the deal would have likely closed.<br /><br />Robert W Baird &amp; Co Inc served as the financial advisor to NGL Energy Partners on the deal.<br /><br />Please contact <a href="www.thestreetbeat.com">www.thestreetbeat.com</a> for interest in our latest investor relations platform the &#8220;CEO Interview Series&#8221; with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/X3Vk6kfYoMQ" height="1" width="1"/>Bob BenderMon, 21 May 2012 14:17:11 GMThttp://www.pennypayday.com/street-beat-articles-29/4337-ngl-energy-partners-nyse-ngl-bulks-up-midstream-offering-with-693-million-buy.aspxhttp://www.pennypayday.com/street-beat-articles-29/4337-ngl-energy-partners-nyse-ngl-bulks-up-midstream-offering-with-693-million-buy.aspxhttp://feedproxy.google.com/~r/streetbeat/~3/ZyHkvA_rqfA/4336-3-things-to-know-before-trading.aspx<img src="http://ibdata.intellibuilder.net/ib-pennypayday/files/Blog/29/4336/wall-st1-58_180x120.jpg" title="3 Things to Know Before Trading" alt="3 Things to Know Before Trading" align="left" style="margin-right:10px;" />Atlanta, GA 5/21/12 (<a href="http://www.thestreetbeat.com/street-beat-articles-29/www.thestreetbeat.com">StreetBeat</a>) -- Stocks were mostly higher in Asian trade; with relatively small changes. Australia added two thirds of a percent, the Nikkei gained a quarter percent and Shanghai rose a slight fraction; but the Hang Seng fell a slight fraction on the day. European indexes are mixed; the Footsie is up 0.7% and the Dax is better by one percent. US stock futures are up about a half to three quarters of a percent as I write.<br /> <br />*In April Swiss Consumer Confidence rose to -8 from -19 the month before; it is the best result of the year and much better than the expected result of -15.<br /> <br />*Over the weekend the G8 agreed at Camp David that it is imperative to improve global growth and create jobs, but that this should happen within that context of fiscal consolidation and, furthermore, that this neat trick should be done at a pace that is appropriate for each individual country. They also agreed that Greece should remain in the Euro Zone, but that this should be done in the context of them fulfilling their commitments; also a neat trick.<br /> <br />*Atlanta Fed boss Lockhart spoke earlier today in Tokyo. He said he doesn&#8217;t think that current circumstances are such that another round of QE is necessary. But he added that although it may be popular to rule out a further round of monetary stimulus he does not think this option should be taken off the table and that it would work under the right circumstances.<br /> <br />*The April reading of the Chicago Fed National Activity Index is due out at 7:30am CDT; it was -0.29 in March, no estimate is provided.<br /> <br />*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.<br /><br /><a href="http://www.thestreetbeat.com/disclaimer.aspx">StreetBeat Disclaimer</a><p><a href="http://www.viestly.com">Distributed by Viestly</a></p><img src="http://feeds.feedburner.com/~r/streetbeat/~4/ZyHkvA_rqfA" height="1" width="1"/>Bob BenderMon, 21 May 2012 14:08:31 GMThttp://www.pennypayday.com/street-beat-articles-29/4336-3-things-to-know-before-trading.aspxhttp://www.pennypayday.com/street-beat-articles-29/4336-3-things-to-know-before-trading.aspx