October 2008 - Page 46 of 50

FridayOct 03, 2008 4:21 am

NewBridge Bancorp (NBBC): Conservative Approach to Banking in Tough Financial Times

NewBridge Bancorp (NBBC) is a bank holding company offering traditional banking services to customers in North Carolina and Virginia. NewBridge generates deposit products, including noninterest-bearing checking accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, and individual retirement accounts. The company's loan portfolio is comprised of commercial, consumer and real estate loans, and according to a recent news release, the company holds no mortgage-backed securities issued by the tarnished Fannie Mae and Freddie Mac. Additionally, NewBridge offers mortgage production, brokerage, and financial planning and asset management, as well as equity and fixed income investments through third party broker dealers.…

FridayOct 03, 2008 4:18 am

GenVec, Inc. (GNVC) Continues Funding Streak from NIAID for HIV Vaccine Research

GenVec, Inc. (NASDAQ: GNVC) announced Thursday that it received a third year option of funding, as part of a five-year contract with the National Institute of Allergy and Infectious Disease. The company will receive up to $3.8 million to continue the development of new HIV vaccine candidates. GenVec’s research is based on its proprietary adenovirus vector and production cell line technologies. “We appreciate NIAID’s decision to execute its renewal option under our contract,” said Dr. Rick King, GenVec’s senior vice president of research and development. “GenVec’s adenovector technology platform now includes six distinct serotypes that can be used singly or…

FridayOct 03, 2008 4:17 am

Elray Resources, Inc. (ELRA.OB) Discovers More Gold Drilling Targets In Cambodia

Elray Resources, Inc announced its investment in the historical Rom Dey Vein is paying off, with new high-value drilling targets identified. Elray owns 100 percent of the mineral licensing for the 5,400-hectare Angkor Wat project in Cambodia, including the historic Rom Dey Vein. Historical workings are seen as good indicators of the presence of gold, the company says in a news release. Recent grab samples collected from the Rom Dey deposit and analyzed by ALS Chemex laboratories returned values up to 71.9 grams of gold per ton. The Angkor Wat lands contain several large areas of colluvial gold workings and,…

ThursdayOct 02, 2008 11:32 am

Hybrid Technologies, Inc. (HYBR.OB) Improves R&D to Create Power System

Hybrid Technologies, Inc. (OTCBB: HYBR) opened a fully-owned subsidiary in India in May of this year with the intention of creating greater in-house capabilities for research and development (R&D), and to explore the vast knowledge pool of India's engineers. As the R&D department began to grow, Hybrid Technologies created a power system that consists of an integrated network of high performance components that are adaptable to multiple energy sources and are capable of powering a wide variety of end-user product applications. The power system uses three kinds of energy including solar, a fuel cell, or a generator to charge lithium-ion…

ThursdayOct 02, 2008 11:24 am

Thorium Power Ltd. (THPW.OB) Responds to U.S., India’s Peaceful Uses of Nuclear Energy Agreement

Thorium Power Ltd. (OTCBB: THPW) develops non-proliferative nuclear fuel technology and provides comprehensive advisory services for emerging nuclear programs as well. The company today announced its favorable view regarding Congress’ action to approve the Peaceful Uses of Nuclear Energy Agreement between the United States and India. The “123 Agreement” will allow for full civil nuclear energy cooperation between the two nations and permit American companies to collaborate with Indian companies and scientists on research and development efforts, as well as enabling joint ventures in the civilian nuclear energy field. The agreement represents an industry movement toward establishing a partnership between…

ThursdayOct 02, 2008 11:19 am

Capstone Turbine Corp. (CPST) Rakes in Purchase Orders of Microturbine Energy Systems

The clean technology market is not only making technological advances at considerable rates, but is growing just as quickly. Crossing international lines, the demand for reliable power generation solutions to reduce energy costs and protect the planet is gaining momentum. Capstone Turbine Corp. (Nasdaq: CPST) has grown to become one of the world’s leading clean technology manufacturers of microturbine energy systems. The company has already shipped more than 4,000 Capstone MicroTurbine systems worldwide, and today announced it has received an order for 10 megawatts of C1000 systems. For the C1000 system alone, this represents 26 orders for the unit, or…

ThursdayOct 02, 2008 10:00 am

Zippi Networks, Inc. (ZIPI.PK) Rediscovers the Power of eBay

Zippi Networks, Inc., the fast-growing, San Jose-based eBay services company, is injecting new life into the maturing industry of servicing eBay sellers and is experiencing revenue growth some would have thought impossible in 2006, when the company was founded. Zippi bases its success on a powerful business model and high-end technology in the service of two related but distinct markets: people who have items to sell on eBay, but don’t want to bother doing it themselves; and people who want to make money servicing the eBay community but are frustrated with shrinking margins and increased competition Zippi is beating out…

ThursdayOct 02, 2008 9:57 am

ZAGG, Inc. (ZAGG) Taps a Massive Market

Zagg, Inc. (ZAGG.OB), a Utah-based maker of a patent-pending scratch protection shield, has tapped what can only be described as a vast potential market, based on the inevitable need of consumers to protect their ever-increasing supply of digital gadgets. Zagg (www.Zagg.com) produces protective clear coverings for all types of consumer electronic and hand-held devices, distributed worldwide under the brand name invisibleSHIELD™. The company’s flagship product is made from an exclusive film, originally designed for the U.S. military to protect helicopter blades from high-speed abrasion. Zagg cuts the material into over 2,000 shapes, to fit almost any cell phone, laptop, digital…

ThursdayOct 02, 2008 9:54 am

Stocks Down in Early Afternoon Trading

As of 1:10 PM EDT, the Dow was down nearly 275 points, or -2.7 percent. The Nasdaq and the S&P were down 68 and 36 points respectively, both falling more than three percent on the day. The continuation of downward momentum seems to be stemming from a variety of causes; unemployment claims remain at their highest levels since 2001, orders to U.S. factories were shown to have declined by four percent, and anxieties over the current bailout bill making its way through Congress have been rising. All around, people are scared of what all of this means for them, but…

ThursdayOct 02, 2008 9:53 am

Senate Passes Revised Bailout Package – Public Dissent Grows

Debate continues over the bailout package that was pushed through the Senate Monday night, with many Americans expressing outrage over the mountain of pork barrel spending that has been built into the bill as it moves to a House vote. It seems that the last thing taxpayers are concerned with is taking care of special interest groups, and yet the revised package does just that. With many House members harboring re-election concerns, and fundamental differences in opinion on just how this problem should be handled, many are wondering if this new bill can pass. That remains to be seen; the…

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Month: October 2008