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DXO...chart
stockcharts.com/c-sc/sc?s=DXO&p=D&b=5&g=0&i=t53928307762&r=4131
Thanks Willa...I appreciate your posting these charts..
Fed engaged in "cover-up" of BofA-Merrill deal-lawmaker
Wed Jun 24, 2009 1:45pm EDT
WASHINGTON, June 24 (Reuters) - The Federal Reserve sought to hide its extensive involvement and concerns about Bank of America Corp's (BAC.N: Quote, Profile, Research, Stock Buzz) acquisition of Merrill Lynch amid the latter's worsening financial condition, a top Republican congressman said on Wednesday.
"The committee has already learned that Ben Bernanke and the Federal Reserve made inappropriate threats to fire Bank of America management unless they went ahead with the 'shotgun wedding' that was the Merrill Lynch acquisition," Rep. Darrell Issa of the House Oversight and Government Reform Committee said in a statement released to Reuters.
"The Federal Reserve also engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," the statement said.
The committee has obtained a number of emails and documents from the U.S. central bank about its behind-the-scenes role in the merger, according to sources familiar with documents. (Reporting by Julie Vorman and Kim Dixon, editing by Leslie Gevirtz)
absolutely...have felt that for awhile..LOL
Exactly what I thought you would reply ----- I'm a mindreader!
Oh please...here we go again...they just never learn eh??
Fannie, Freddie asked to relax condo loan rules-WSJ 06/22 02:06 AM
June 22 (Reuters) - Two U.S Democratic lawmakers want Fannie Mae (FNM:$0.67,00$0.02,003.08%) and Freddie Mac (FRE:$0.70,00$-0.02,00-2.78%) to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said.
In March, Fannie Mae (FNM:$0.67,00$0.02,003.08%) <FNM.P> said it would no longer guarantee mortgages on condos in buildings where fewer than 70 percent of the units have been sold, up from 51 percent, the paper said. Freddie Mac (FRE:$0.70,00$-0.02,00-2.78%) <FRE.N> is due to implement similar policies next month, the paper said.
In a letter to the CEO's of both companies, Representatives Barney Frank, the chairman of the House Financial Services Committee, and Anthony Weiner warned that a 70 percent sales threshold "may be too onerous" and could lead condo buyers to shun new developments, according to the paper.
The legislators asked the companies to "make appropriate adjustments" to their underwriting standards for condos, the paper added.
In an interview with the paper, Weiner said the rules have "had a real chill on the ability to get these condos sold," at a time when prices of condos have fallen enough to attract potential buyers.
In addition to the 70 percent sales threshold, Fannie Mae (FNM:$0.67,00$0.02,003.08%) will also not purchase mortgages in buildings where 15 percent of owners are delinquent on condo association dues or where one owner has more than 10 percent of units, as the firm sees these as signals that a building could run into financial trouble, the paper added.
Both Fannie and Freddie are preparing a response to the lawmakers, according to the paper.
Fannie Mae (FNM:$0.67,00$0.02,003.08%) and Freddie Mac (FRE:$0.70,00$-0.02,00-2.78%) could not be immediately reached for comment by Reuters. (Reporting by Chakradhar Adusumilli in Bangalore; editing by Simon Jessop)
FuelCell Energy Announces $24.2 Million Registered Direct Offering
FuelCell Energy Announces $24.2 Million Registered Direct Offering
6.7 Million Shares to be Issued At $3.59 Per Share
DANBURY, Conn., June 16, 2009 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq:FCEL) announced today that it entered into definitive agreements to sell 6.7 million shares of its common stock at $3.59 per share in a registered direct offering. The transaction is expected to close on June 19, 2009, subject to customary closing conditions.
FuelCell Energy intends to use the net proceeds from this offering for product development, project financing, expansion of manufacturing capacity, and general corporate purposes. Canaccord Adams Inc. and Lazard Capital Markets LLC acted as placement agents for the offering.
A shelf registration statement relating to these securities previously was filed and declared effective by the Securities and Exchange Commission. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful. A copy of the base prospectus and prospectus supplement (once filed) can be obtained at the Securities and Exchange Commission's website http://www.sec.gov or via written request to FuelCell Energy at 3 Great Pasture Road, Danbury, CT 06813, Attention Investor Relations.
About FuelCell Energy, Inc.
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy's ultra-clean and high efficiency DFC(r) fuel cells are generating power at over 50 locations worldwide. The company's power plants have generated over 315 million kWh of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at www.fuelcellenergy.com
This news release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the continuing development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, competition, and the Company's ability to achieve its sales plans and cost reduction targets, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
Direct FuelCell, DFC, DFC/T and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc. DFC-ERG is a registered trademark jointly owned by Enbridge, Inc. and FuelCell Energy, Inc.
CONTACT: FuelCell Energy
Lisa Lettieri
(203) 830-7494
ir@fce.com
Source: GlobeNewswire (June 16, 2009 - 9:18 AM EDT)
http://app.quotemedia.com/quotetools/newsItem.htm?webmasterId=91004&storyId=23313762&topic=FCEL
Check this one out Gym...FCEL..at 4.01..up 6%
Sector Update: Health Care Shares Mostly Higher - Vical Completes 2nd-Year Milestones Under $6 Mln NIH Grant 06/18 09:07 AM
09:07 AM Eastern Daylight Time, 06/18/2009 (MidnightTrader) -- Dow Jones U.S. Health Care Index: +5.13 (+2.01%) at 260.94 (Tuesday regular session close)
Top Health Care Stocks:
JNJ: +0.53%
PFE: +0.14%
ABT: -0.35%
MRK: +1.05%
AMGN: +1.31%
Health care shares are mostly higher in the pre-market session. Vical (VICL:$2.50,00$-0.09,00-3.47%) said it has successfully completed second-year milestones under a three-year $6 million grant awarded in 2007 by the National Institutes of Health and is advancing with the development of a DNA vaccine manufacturing process with the potential to produce several million doses of vaccines in a matter of days. The RapidResponse system is designed to allow extremely rapid and large-scale production of DNA vaccines with low capital requirements.
Meanwhile, Ivivi Technologies (IVVI:$0.21,00$-0.01,00-4.55%) will not appeal NASDAQ's delisting of the stock. Trading in the company's shares will be suspended at the opening of business on Tuesday.
HLTH (HLTH:$11.76,00$0.08,000.68%) and subsidiary WebMD Health (WBMD:$28.21,00$0.00,000.00%) will merge in a tax-free, all-stock transaction. HLTH (HLTH:$11.76,00$0.08,000.68%) currently owns 48.1 million shares of WebMD Class B Common Stock, which represents about 80% of WebMD's equity, after giving effect to the net shares relating to WebMD's outstanding options and restricted stock. The merger will eliminate both HLTH's (HLTH:$11.76,00$0.08,000.68%) controlling interest in WebMD and WebMD's existing dual-class stock structure.
Cytokinetics (CYTK:$2.70,00$0.01,000.37%) has initiated a first-time-in-humans phase I clinical trial of CK-2017357 in healthy male volunteers. CK-2017357 is a fast skeletal muscle troponin activator and is the lead drug candidate that has emerged from the company's skeletal sarcomere activator program. CK-2017357 selectively activates the troponin complex and increases its sensitivity to calcium, subsequently leading to an increase in skeletal muscle force.
Separately, Spectrum Pharmaceuticals (SPPI:$5.73,00$0.04,000.70%) has received $10 million from two existing institutional investors in a previously announced registered direct offering of $5.83 per share.
Aastrom Biosciences (ASTM:$0.378,0$0.0028,0.75%) reported that the FDA removed the clinical hold from the company's US phase II IMPACT-DCM clinical trial and that patient enrollment would resume at all five initiated clinical sites. The IMPACT-DCM trial is evaluating the use of cardiac repair cells, a mixture of stem and progenitor cells derived from a patient's own bone marrow, for the treatment of dilated cardiomyopathy, a severe form of chronic heart failure. On Wednesday, the FDA informed Aastrom that it had completed its investigation into the death of a patient following treatment with the company's CRCs and that the clinical hold had been lifted; therefore, the IMPACT-DCM clinical trial could resume.
Based on autopsy results and medical records, the FDA, the clinical site's principal investigator and an independent data safety monitoring board have attributed the patient death to progression of the disease and determined it was unrelated to the CRC treatment.
http://www.midnighttrader.com
Pre-Market Most Actives: Nasdaq 06/18 08:00 AM
08:00 AM Eastern Daylight Time, 06/18/2009 (MidnightTrader) -- The top 5 most actively traded stocks on Nasdaq are:
ACAS, -16%
CTIC, -16%
LNC, +2%
SIRI, +8.5%
ASTM, +40%
http://www.midnighttrader.com
this ought to be interesting..
Thanks Gym..watching it
UPDATE 1-Aastrom: FDA lifts clinical hold from heart study
Thu Jun 18, 2009 7:51am EDT
* To resume enrollment at 5 initiated clinical sites
* On track to complete trial enrollment by 2009 year-end
* Shares jump 39 pct in premarket trade
June 18 (Reuters) - Aastrom Biosciences Inc (ASTM.O: Quote, Profile, Research, Stock Buzz) said U.S. health regulators removed the clinical hold from the company's mid-stage trial of a treatment for congestive heart failure, sending its shares up 39 percent in premarket trade.
The company said it would resume patient enrollment at all five initiated clinical sites.
In May, the U.S. Food and Drug Administration (FDA) decided to put the trial on hold following a patient's death, leading Aastrom to temporarily suspend enrollment and patient treatment in the trial, called IMPACT-DCM. [ID:nBNG147123]
Patients in the trial were treated with Aastrom's cardiac repair cells (CRC), a product that contains stem and early progenitor cells produced from the patient's own bone marrow.
The FDA, the clinical site's principal investigator and an independent Data Safety Monitoring Board (DSMB) attributed the patient's death to progression of the disease and determined it was unrelated to the CRC treatment, Aastrom said.
"We do not expect that this short delay will interfere with our goal of completing patient enrollment in this trial by the end of calendar year 2009," Chief Executive George Dunbar said in a statement.
Shares of the company were up 15 cents at 53 cents in premarket trade. They closed at 38 cents Wednesday on Nasdaq.
For the alerts double-click [ID:nWNAB0918] . (Reporting by Anand Basu in Bangalore; Editing by Aradhana Aravindan)
Thursday's Economic Calendar
8:30 Jobless Claims
9:30 Geithner speaks before the Senate Banking Committee
10:00 Leading Indicators
10:00 Philly Fed Business Outlook
10:30 EIA Natural Gas Inventory
4:30 PM Fed Balance Sheet
4:30 PM Money Supply
Considering the way we are now perceived as weak this should come as no surprise..
Emerging powers try to wean themselves off U.S. dollars
Guy Faulconbridge, Reuters Published: Tuesday, June 16, 2009
YEKATERINBURG, Russia -- Leaders of emerging world powers discussed creating a new global order on Tuesday, one less dependent on the United States and the West.
Existing reserve currencies, including the U.S. dollar, had not performed their function and it was time for change, said Russian President Dmitry Medvedev as he hosted a summit of the so-called BRIC nations of Brazil, Russia, India and China.
"We are likely to witness the creation of a supranational reserve currency ... which will be used for international settlements," Mr. Medvedev said.
"The existing currency system is not ideal."
Countries should use their national currencies more for trade, he added.
The range of topics on the summit agenda and the line-up of presidents attending showed the growing economic and political power of the world's emerging nations and their desire to forge new levers of influence.
Mr. Medvedev hailed the Urals city of Yekaterinburg as "the epicentre of world politics" as he said the need for major developing world nations to meet in new formats was "obvious."
The BRIC nations called for reform of international financial institutions, sweeping changes to the United Nations to give a bigger role to Brazil and India and a "stable and predictable" currency system.
The BRIC summit ended with a statement by Mr. Medvedev and a communiqué that demanded more power for developing nations. It did not mention the two key Moscow initiatives -- a smaller role for the U.S. dollar and a supranational reserve currency.
The Kremlin's top economic aide, Arkady Dvorkovich, said the International Monetary Fund should expand the basket of its Special Drawing Right (an international reserve asset) to include the Chinese yuan, the Russian rouble and gold.
Last week it was also announced that Russia and Brazil had joined China in plans to diversify their debt holdings by becoming the first countries to buy a new bond to be issued by the IMF. Russia said some reserves may be moved out of U.S. dollars to fund the IMF purchase.
However, one analysts said the move appeared to be more of a political statement rather than a serious attempt to diversify their assets away from their large holdings in U.S. debt.
On Tuesday, the dollar fell 0.9% against a basket of major currencies on world markets after Mr. Medvedev's comments. The slide "underlines the likely sensitivity of the [foreign exchange] market to comments emerging from today's meeting," analysts at Barclays wrote.
Between them, the four BRIC nations represent about 40% of the world's population and 15% of its GDP.
Underlining its growing economic influence abroad, Chinese President Hu Jintao offered Central Asian states US$10-billion of credit support to help counter the global economic slump, though he did not mention the proposals for diluting dollar dominance.
Beijing, with its massive holdings of U.S. dollars and bonds, has been cautious about these ideas.
In a snub to the West, the leaders of the Shanghai Cooperation Organisation summit - taking place at the same time and venue - welcomed Iranian President Mahmoud Ahmadinejad, making his first foreign trip to attend the summit since his disputed re-election on the weekend.
Russia and China lead the SCO, a security and economic co-operation forum that also includes four Central Asian states, plus Iran, Mongolia, India and Pakistan as observers.
Mr. Ahmadinejad arrived a day late in Yekaterinburg after mass protests against his disputed victory in Tehran but Kremlin spokeswoman Natalia Timakova said the SCO presidents had congratulated Mr. Ahmadinejad on his victory.
"America is in the grasp of political and economic crisis," Mr. Ahmadinejad told the SCO leaders in a speech that touched on the Palestinian issue and reform of the world order.
"The United States and its allies are unable to deal with the crisis."
On the sidelines, Indian Prime Minister Manmohan Singh met Pakistani leader Asif Ali Zardari for the first time since the Mumbai attacks and asked him to ensure that Islamist terrorists could not operate from Pakistani territory.
"The territory of Pakistan must not be used for terrorism," Mr. Singh said.
Reuters
http://www.nationalpost.com/news/story.html?id=1702643
ChinaCast Education Corporation Set to Join Russell 3000 and Russell Global Indexes 06/17 08:16 AM
BEIJING, June 17, 2009 (GLOBE NEWSWIRE) -- ChinaCast Education Corporation (CAST:$5.42,00$-0.05,00-0.91%) , a leading for-profit, post-secondary and e-learning services provider in China, today announced it is set to join the broad-market Russell 3000(R) Index when Russell Investments ("Russell") reconstitutes its U.S. and global equity indexes on June 26, 2009, according to a preliminary list of additions posted on June 12, 2009, at www.russell.com.
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, 2009, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion for ChinaCast in the small-cap Russell 2000(R) Index as well as the appropriate growth and value style indexes.
Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are very pleased to be selected for the Russell Indexes," stated Mr. Ron Chan, Chairman and Chief Executive Officer. "We believe inclusion in these indexes will help increase our visibility among investors and contribute to our efforts to increase liquidity and shareholder value."
The Russell 3000 Index also serves as the U.S. component of the Russell Global(R) Index, which Russell launched in 2007. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to them. Total returns data for the Russell 3000 and other Russell indexes are available at www.russell.com/Indexes/performance/default.asp
About ChinaCast Education Corporation (CAST:$5.42,00$-0.05,00-0.91%)
Established in 1999, ChinaCast Education Corporation (CAST:$5.42,00$-0.05,00-0.91%) is a leading for-profit, post-secondary education and e-learning services provider in China. The Company provides its post-secondary degree programs through its 80% ownership in the holding company of the Foreign Trade and Business College (FTBC) of Chongqing Normal University. FTBC offers career-oriented bachelor's degree and diploma programs in business, economics, trade, tourism management, advertising, language, IT and music. These degree and diploma programs are fully accredited by the PRC Ministry of Education. The Company provides its e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. These services include interactive distance learning applications, multimedia education content delivery, English language training and vocational training courses. The company is listed on the NASDAQ with the ticker symbol CAST. For more information, visit www.ChinacastEducation.com.
CONTACT: ChinaCast Education Corporation (CAST:$5.42,00$-0.05,00-0.91%) Michael J. Santos, Chief Marketing Officer
+1-347-482-1588
mjsantos@chinacasteducation.com
HC International, Inc.Ted Haberfield, Executive VP
+1-760-755-2716
thaberfield@hcinternational.net
Get Ready to Hop on the Asian IPO Pipeline
by Tony Sagami on June 17, 2009 at 8:30 AM
http://www.uncommonwisdomdaily.com/get-ready-to-hop-on-the-asian-ipo-pipeline/
News Alert
from The Wall Street Journal
----------------------------
Sponsored by NASDAQ OMX
----------------------------
FedEx reported its fiscal fourth-quarter loss widened to $876 million, or $2.82 a share, from $241 million, or 78 cents a share, a year earlier, reflecting write-downs for its Kinko's business and a 20% drop in revenue.
The shipping giant issued an earnings outlook for the current quarter well below Wall Street expectations, citing in part rising fuel prices, and said the manufacturing slump will make for an "extremely difficult" operating environment through November.
http://online.wsj.com/article/SB124523650041122929.html#mod=djemalertNEWS
Thanks and yes I know..I will..
Be very cautious w/ both FMN and FRE, Hoagie!!
Oh wow very nice...
thanks Willah..I will be looking at FRE
U.S. OPEN GOLF contest for FREE membership.....
http://investorshub.advfn.com/boards/board.aspx?board_id=2442
Rules:
1. You pick 5 players for the tournament. You can only pick 1 player from the top 5 in the world ranking. The top 5 are Woods, Mickelson, Casey, Garcia and Ogilvy.
You must also pick a tie breaker total score...even par for the 4 rounds is 280.
2. Teams must be submitted prior to the first group teeing off on Thursday June 18th.
3. Must have fun
4. The winner will be the team with the highest total dollar total at the end of the Tournament.
5. Points will be deducted for spelling mistakes and poor punctuation.
6. All of Fred's decisions are final.
7. No gimmees or mulligans allowed.
8. Void where prohibited.
http://investorshub.advfn.com/boards/board.aspx?board_id=2442
Anyone here....seen anything 'big' in "stemcell" news this morning ?
Aastrom Biosciences Inc up 11.01% to $0.38 06/16 09:43 AM
Aastrom Biosciences Inc (ASTM:$0.3831,$0.0381,11.04%) rose 11.01% to $0.38 at 9:43 AM ET on June 16, 2009.
Sweeeeeeeetttt!!
NUE +2.25 +4.92% 1,819,288 48.00 NUCOR CP - - 2009-06-26 2009-08-10 1.40 2.90% 25.25 - 79.24
NXG +0.10 +4.70% 265,344 2.20 NORTHGATE MINERALS L - - - - N/A N/A 0.55 - 2.96
STLD +1.06 +6.96% 2,713,203 16.30 Steel Dynamics, Inc.
pffffffffffffffffffffft! Me no go there at all
Federal National Mortgage Association (Fannie Mae) up 10.61% to $0.67 06/16 09:46 AM
Federal National Mortgage Association (Fannie Mae (FNM:$0.6786,$0.0686,11.25%) ) rose 10.61% to $0.67 at 9:46 AM ET on June 16, 2009.
FNM / FRE both gettin' giggley this morning!!
All over the board...............
MidnightTrader's Pre-Market News Movers 06/16 09:21 AM
09:21 AM Eastern Daylight Time, 06/16/2009 (MidnightTrader) -- Some of the stocks moving on news-driven events in this morning's pre-market include:
BBY, -3.3%
MSFT, +0.4%
T, -0.9%
CDII, +9.3%
SFD, +0.6%
SPPI, -3.6%
MRNA, +8%
APWR, -10.6%
F, -0.5%
SOAP, +7%
APWR, -10.6%
GSK, +2.7%
ESLT, -4.9%
ZHNE, +14.3%
NUE, +2.1%
STEC (STEC:$18.02,00$-0.71,00-3.79%) , halted
SATC, +8%
http://www.midnighttrader.com
Time to grab some builders ?!?!?!?!?
Builders get boost from housing-starts data 06/16 09:35 AM
BOSTON (MarketWatch) -- Home-builder stocks opened higher Tuesday after the Commerce Department reported U.S. housing starts rose more than 17% in May, much higher than expected. The sector's top gainers included Standard Pacific Corp. (SPF:$2.2801,$0.1301,6.05%) , Beazer Homes USA Inc. (BZH:$2.53,00$0.15,006.30%) , Hovnanian Enterprises Inc. (HOV:$2.5699,$0.1699,7.08%) and Lennar Corp. (LEN:$8.05,00$0.43,005.64%) . The iShares Dow Jones U.S. Home Construction Index Fund , an exchange-traded fund, rose more than 3% in early trade Tuesday.
Umm if you want to send your rain this way we would be so appreciative..
Rain Rain go away, come back another day!
Storms and rain, HOT and Humid later in week
Hope you are cooler than we are warm and humid here..Yukk
Morning LH! Was up and moving a bit ago
Sure hope so stuffit..it would really be nice..and GM to you..:^)
Nice Willa!
YES let's see if S can give us all playing those calls a giddeyup!
nice double bottom....should go up tuesday
There was a stock talk that said they expect BAC to go to 32.00..I am not so sure about that..LOL
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