January 2009 - Page 4 of 19

TuesdayJan 27, 2009 7:37 am

Fed Expected to Keep Rates at Record Lows; Examines other Methods of Revitalizing Economy

Federal Reserve Chairman Ben Bernanke and his colleague will be opening a two-day meeting this afternoon where they will reassess the current state of economy and financial conditions. It is almost certain that they will leave the key interest rate at a record low to battle the stubborn recession. At last month’s meeting, the Fed made history by slashing its key rate from 1 percent to a new, targeted range of between zero and 0.25 percent. Many economists anticipate that the Fed will leave rates at that range throughout the rest of 2009. The Fed may also unveil new actions…

TuesdayJan 27, 2009 7:15 am

German American Bancorp, Inc. (GABC) Achieves Remarkable Results during 2008

Today, German American Bancorp announced that even with the slowing economic environment, it has achieved record 2008 financial performance, earning $12,803,000, or $1.16 per share. In comparision, the company reported net income of $9,405,000, or $0.85 per share, in 2007. Mark Schroeder, President & Chief Executive Officer, commented, "We are pleased to report a continuation of the Company's strong financial results in the fourth quarter and throughout 2008, a feat made even more remarkable given the events of the past year and the many issues facing the national economy. Despite these significant challenges, we enjoyed solid performance throughout our Company,…

TuesdayJan 27, 2009 7:04 am

Lawson Software (LWSN) Provides Innovative Analytics Packages for Manufacturers and Distributors Looking to Save Money

Today, Lawson Software announced that it has launched two new analytics applications designed to help companies improve decision-making and find ways to increase profitability. The core offering, Lawson M3 Analytics, focuses on four key business areas: sales, finance, procurement and warehousing/logistics; while M3 Analytics for Manufacturing provides additional manufacturing-specific analysis capabilities. Commenting on the effect the software has had on his business, Martin Murgatroyd, head of IT for Brunner Mond, stated, “Lawson M3 Analytics offered a fast and affordable way for us to get the business intelligence we need to help us better manage our operations and customer service levels.…

TuesdayJan 27, 2009 6:07 am

Sector 10, Inc. (SECT.OB) Achievements in 2008 Make Way for Rapid Growth

Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. The company strongly emphasizes pre-deployed resources as the way to save lives, avert injuries, and reduce liability. In November of 2007, Sector 10 Holdings, Inc. acquired SKRM Interactive. The new management team set a list of goals under a restructuring plan that would position the newly acquired company as the sales and distribution arm for Sector 10's life saving products. As part of the plan, SKRM Interactive was renamed Sector 10, Inc. in April of last year. Pericles DeAvila, CEO of Sector 10,…

TuesdayJan 27, 2009 5:22 am

Axial Vector Energy Corporation (AXVC.PK) Offers Versatile Technology Applicable to Nearly Any Industry

We've heard about Axial Vector's cutting-edge power generation technology, and the application of its advanced engines to everything from boats and cars, to aircraft. The truth is, the possibilities are virtually endless. For instance, the Axial Vector engine is thought to be a sure-fire way of advancing the field of personal watercraft manufacturing. Having fewer components than conventional engines, Axial Vector's system is far lighter than the competition without sacrificing horsepower. In marine applications, this decreases the overall weight of the vessel, resulting in a higher-powered craft. Jet-ski manufacturers who implement Axial Vector's engine are sure to gain the upper-hand…

MondayJan 26, 2009 3:29 pm

January 26th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, CETG, CNLG, ENZ, GNBT, MWAV, RXAF It was an historic week for the country with the inauguration of President Barack Obama on Tuesday, but another bewildering week on Wall St. as uncertainty surrounding the financial sector and questions about the timing of an economic recovery continued to plague the markets. All told, the Dow ended down 2.5%, losing 203 points to end the week at 8077 and bring its year to date losses to 7.9%. The Nasdaq finished down 3.4% on the week, closing at 1477 bringing its YTD loss to…

MondayJan 26, 2009 3:19 pm

FluoroPharma Medical, Inc. (FPMI) Obtains US Patent for Imaging Cardiovascular Plaque using FDG

FluoroPharma, Inc. announced today that the United States Patent and Trademark Office issued U.S. Patent No. 7,438,891, covering methods of imaging cardiovascular plaque formation using F18 labeled 2-fluorodeoxy-D-glucose (FDG). This patent, exclusively licensed from the Massachusetts General Hospital, provides FluoroPharma with additional patent claims that cover imaging of atherosclerotic plaque inflammation and rupture. "The use of 18F-FDG PET for imaging atherosclerosis, for tracking inflammation within plaque and for monitoring the response to drug therapy is promising and should be part of future diagnostic armament," said Dr. David Elmaleh, FluoroPharma founder and Chief Scientific Advisor. "Molecular imaging of the inflammatory status…

MondayJan 26, 2009 2:07 pm

JetBlue Airways Corporation (JBLU) Should Be Put on Radar

JetBlue Airways Corporation provides passenger air transportation services in the United States. Founded in 1998, the Company has their headquarters in Forest Hills, New York. Trading on the NASDAQ, the Company created a new airline category, which they based on value, service, and style. JetBlue is America's first and only airline to offer their proprietary Customer Bill of Rights. They promise meaningful and specific compensation for customers inconvenienced by service disruptions within the Company's control. The Company operates approximately 600 daily flights. They serve 51 destinations in 21 states, Puerto Rico, Mexico, and the Caribbean. They have a strong business…

MondayJan 26, 2009 2:02 pm

Labopharm Inc. (DDSS) is “One to Watch

Headquartered in Laval, Quebec, Canada, Labopharm Inc. is optimizing the performance of existing small molecule drugs using their proprietary controlled-release technologies. The Company's lead product is being commercially launched in key markets globally. This product is a unique once-daily formulation of tramadol. Their second product, a novel formulation of trazodone for the treatment of major depressive disorder, is under regulatory review by the FDA. The Company also has a pipeline of follow-on products in both pre-clinical and clinical development. Their corporate mission is to become an integrated, international, specialty pharmaceutical company with the capability to internally develop and commercialize their…

MondayJan 26, 2009 10:15 am

Modavox, Inc. (MDVX.OB) Files Patent Infringement Lawsuit Against AOL, Time Warner, Inc. and Platform-A, Inc.

Today before the opening bell, Modavox announced that it has filed a lawsuit against AOL LLC, Time Warner, Inc. and Platform-A, Inc. in the United States District Court for the Central District of California (Case No. CV08-05914 SJO PJWx), stating that the companies are infringing on United States Patent No. 6,594,691, 'Method and System for Adding Function to a Web Page,' and United States Patent No. 7,269,636, a continuation of the original patent that provides additional details of the invention assigned to Modavox. According to the press release, the company also amended a claim against AOL for trademark infringement, Unfair…

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Month: January 2009