September 2008 - Page 50 of 61

FridaySep 05, 2008 9:00 am

Oil Prices Continue to Fall

The price of crude oil set a record of $147.27 a barrel on July 11, but the price has dropped significantly since then in the last two months. This week’s trading saw crude oil prices down nearly $40, or 27%, to $107.89 on Thursday. “With prices falling so rapidly, I think OPEC would like to protect that $100 price barrier,” stated Gavin Went of the research firm Fat Prophets in Sydney. OPEC is scheduled to meet next week in Vienna and may do just that. Prices are falling in other markets as well. In London, the ICE Futures exchange saw…

FridaySep 05, 2008 8:52 am

Stock Market Reacts in Early Hours to Announcement of Unemployment Data

Upon the release of unemployment numbers, the stock market has taken a dip in the initial hours of trading. The Labor Department announced that August saw a reduction of 84,000 jobs, which caused the unemployment rate to rise to a five-year high of 6.1%. In the first hour of trading, the Dow Jones industrial average fell 34.33, which is a 0.31% decrease, to 11,153.79. By 12:30pm Eastern, the Dow Jones recovered a majority of the initial loss to reach 11,186.52. Let us hear your thoughts below:

FridaySep 05, 2008 8:49 am

International Indexes on a Downward Trend

At least 5 International indexes reached a 52-week low today, which indicates investor concerns over weakening growth and uncertainty regarding the global economy. As a result of Friday’s trading, Singapore’s Straits Times index ended 2% lower, Taiwan’s Taiex ended 1.6% lower, Indonesia’s JSX Composite lost 2.5%, Hong Kong’s Hang Seng Index dropped 2.2%, and China’s Shanghai Composite ended 3.3% for the week. Additionally, Japan’s Nikkei 225 Average ended down 2.8%, South Korea’s Kospi fell 1.6%, New Zealand’s NZX 50 index lost 0.4%, India’s Sensex ended 2.8% lower, and Australia’s S&P/ASX 200 lost 2.1% for the week. Let us hear your…

FridaySep 05, 2008 8:16 am

Welwind International Corp. (WWEI.OB) Signs Definitive Wind Energy Power Purchase Agreement, Working to Expand Further in China

Etiquette is an important part of international business development. It is especially important in some countries where the entire social (etiquette) business relationship drives the final outcome. China is perhaps one of the more strict followers of its defined business etiquette and hangs many decisions and approvals on it. Although the process may appear cumbersome at times, it is nonetheless a necessary and important part of long-term strategy. A company that can incorporate the needed “niceties” into their development plans in China will have a solid beginning and a new road to large potential profits. Welwind International Corp., an international…

FridaySep 05, 2008 8:14 am

Vortex Resources Corp. (VTEX.OB) Signs Agreement Letter, Bartlett Gas Acreage said to Support 108- One Billion Cubic Feet Wells

Gone are the old days of oil and gas exploration, when a driller could stake a claim and drill a hole, hoping to hit a gusher. Today’s oil and gas marketplace is a bit different, with paperwork and lawyers being the first step in any drill program. Unfortunately, a company needs to have a certain finesse with this paperwork if it expects to bring in a gusher. If a company can be found that has skill and luck on both sides of the oil and gas exploration game (paper & drilling), profits may well gush for all. Vortex Resources Corp.,…

FridaySep 05, 2008 7:42 am

The Low-Profile but High Value Business of Metalico Inc. (AMEX: MEA)

Some may sneer at scrap metal, but let no snobbery stand in the way of cascading dollars from this corner of the Iron & Steel Industry. It is convenient to blame the BRIC block of countries for demanding so much of various metals that scrap enterprises have become profitable. However, the truth is that it has always been so. Fierce competition and conservation concerns make a heady mix in terms of recycling finite resources. 59% of the 36.04 million shares of this small-capital member of the Basic Materials Sector are held by reputed financial institutions. The early-September 2008 stock price…

FridaySep 05, 2008 7:39 am

How to Grow a Business & Stock Investment Mind – The Productive Weekend Series

A-Series funding is exciting for everyone. The promoter has used his or her own seed funds, and the business model is about halfway to financial success, though without adequate cash inflows from operations as yet. It would be a crying shame to abandon ship at this delicate stage. It is only natural for venture capitalists to ask awkward questions, but the lure of superior returns is also irresistible. There used to be a time when Alphabet Rounds were the preserves of Wall Street and the wealthy. High-technology, global business, and the dreams of academic researchers hoping to get rich have…

FridaySep 05, 2008 6:29 am

iBasis Inc. (IBAS) is Building a Base for Future Growth

Trading on NASDAQ as part of the Internet Software and Services industry, iBasis Inc. is a leading wholesale carrier of international long-distance telephone calls and a provider of retail prepaid calling services. Founded in 1996, iBasis also provides enhanced services for mobile operators. With corporate headquarters in Burlington, Massachusetts, the company is one of the largest carriers of international voice traffic in the world today. This is due to their acquisition, last October, of KPN Global Carrier Services. KPN is now a majority stockholder of iBasis Inc. With the acquisition of KPN, iBasis expanded their product portfolio to include guaranteed…

FridaySep 05, 2008 6:26 am

Retalix Ltd. (RTLX) – Helping Retailers Operate Efficiently

You know you're well on your way to building for future enterprise growth when over 50 percent of the 'top 50' food retailers and food distributors in the U.S. use your product. That's the case with Retalix Ltd.'s software solutions, which they offer to retailers and distributors on a global basis. Headquartered in Ra'anana, Israel, and with offices in Dallas, Texas, Retalix is an independent provider of enterprise-wide software for business. Founded in 1982, they trade on NASDAQ. The company offers a portfolio of software applications that automate and synchronize essential retailing, distribution, and supply chain operations. This enables enterprises…

FridaySep 05, 2008 6:09 am

Ecosphere Technologies Inc. (ESPH.OB) to Start 2nd Water Recycling Pilot Program in the Barnett Shale

Ecosphere Technologies Inc. (ESPH.OB) is a diversified water engineering and services company primarily focused on the natural gas industry. The company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. On September 3, 2008, Ecosphere Technologies announced an agreement for the company's 2nd water recycling program. The company announced it has signed a letter of intent to enter into an Eco-Alliance water recycling pilot program with Tulsa, Oklahoma-based Williams Companies. The letter of intent calls for Ecosphere Technologies to provide its mobile water recycling services to…

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Month: September 2008