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eeeeks, now lettuce...
Lettuce Recalled Over E. Coli Concerns
Monday October 9, 6:41 am ET
By Rachel Konrad, Associated Press Writer
Lettuce From California's Salinas Valley Recalled Over E. Coli Concerns; None Found So Far
SAN FRANCISCO (AP) -- A popular brand of lettuce grown in California's Salinas Valley, the region at the center of a nationwide spinach scare, has been recalled over concerns about E. coli contamination.
The lettuce does not appear to have caused any illnesses, according to the president of Salinas-based Nunes Co. Inc.
Executives ordered the recall Sunday after learning that irrigation water may have been contaminated with E. coli, Tom Nunes Jr. said.
So far, company investigators have not found E. coli bacteria in the lettuce itself, Nunes said.
"We're just reacting to a water test only. We know there's generic E. coli on it, but we're not sure what that means," he said. "We're being extra careful. This is precautionary."
The recall comes amid other federal warnings that some brands of spinach, bottled carrot juice and recent shipments of beef could cause grave health risks -- including paralysis, respiratory failure and death.
It covers green leaf lettuce under the Foxy brand that was purchased in grocery stores Oct. 3-6 in Arizona, California, Nevada, Washington, Oregon, Idaho and Montana. It was also sold to distributors in those states who may have sold it to restaurants or institutions.
The recalled lettuce was packaged as "Green Leaf 24 Count, waxed carton," and "Green Leaf 18 Count, cellophane sleeve, returnable carton." Packaging is stamped with lot code 6SL0024.
FDA spokeswoman Julie Zawisza said the agency was aware of the voluntary recall but had no details.
"As a standard course of action, we would expect the firm to identify the source of the contamination and take steps to ... ensure that it doesn't happen again," Zawisza said in an e-mail.
It's unlikely that the bacteria in the lettuce fields share the source of the E. coli found in spinach that has sickened nearly 200 people and has been linked to three deaths nationwide, Nunes said.
Pathogenic Escherichia coli bacteria, or E. coli, can proliferate in uncooked produce, raw milk, unpasteurized juice, contaminated water and meat. When consumed, it may cause diarrhea and bloody stools.
Although most healthy adults recover within a week without long-term side effects, some people may develop a form of kidney failure. Children and the elderly are especially vulnerable to illness.
The recall at Nunes Co., a family-owned business with more than 20,000 acres of cropland in Arizona and California, comes days after federal agents searched two Salinas Valley produce companies connected to the spinach scare.
Epidemiologists warned consumers last week to stay away from some bottled carrot juice after a Florida woman was paralyzed and three people in Georgia experienced respiratory failure, apparently due to botulism poisoning.
On Friday, an Iowa company announced that it was recalling 5,200 pounds of ground beef suspected of having E. coli. The government said no illnesses have been reported from consumption of the beef.
The outbreaks have sparked demands to create a new federal agency in charge of food safety. Sens. Charles Schumer and Hillary Rodham Clinton, both New York Democrats, are sponsoring legislation authored by Sen. Richard Durbin, D-Ill., to create the unified Food Safety Agency.
"There's a high level of urgency in our industry, and we're being very proactive," Nunes said. "It's obviously based upon recent events in the produce industry and concern for customers. We just don't want anything to happen."
http://www.foxy.com
I wish, but expecting some special company this weekend so with catch up next week...lol
T G I F for sure.
SELL....lol
Smart, just don't throw the wrapper in the street.
talking more about the recent NOBO bs than the stocks,
just a plot for POS companies to sell shares.
just burgers to me, flip em and go on to the next.
SSSU - Silver Screens Studios: Receives Transfer Agent's Shareholders List for Restructuring of Capital Structure for NOBO Evaluation
Business Wire - October 06, 2006 12:07
A SSSU Receives Transfer Agent's Shareholder List will Compare to NOBO List for Shareholders Integrity Plan Implementation
ATLANTA, Oct 06, 2006 (BUSINESS WIRE) -- Silver Screen Studios, Inc. (OTCBB: SSSU) www.silverscreenstudiogroup.com, http://finance.yahoo.com/q?s=SSSU.OB, Traders Nation, www.tradersnation.com/sssu.shtml, Global 1 Realty Corporation, www.1global1realty.com, forms venture capital private equity investment funds for acquisitions of companies, financing of investments in other entities, and files to do business as Silver Screen Holdings to reflect our new business model.
Transfer Agent's Shareholder's List:
We have received the Transfer Agent's Shareholders list and will compare with the NOBO list. The management has designed a Shareholders Integrity Plan to address the NOBO list and the capital structure of the company. We are readying the share exchange with one of the Reg. E Funds and will inform the certified shareholders of the exchange shortly.
Restructuring of Capital Structure:
Our management feels there is a significant failure to deliver position in our stock and the NOBO list will identify the extent of the position. To protect our shareholders we are developing the share exchange program with one of the Reg. E Funds that will place an estimated value of $.10 to $.25 on the shares of SSSU.
Business Combination
We have a strategy to increase the book value of SSSU and enter into a business combination via Form S-4. Once the business combination is completed we expect the combined business to trade at the value of the combined entity. More details will be forth coming regarding the share exchange program.
Shareholder Benefits and Dividend Distribution:
We have developed the dividend program with one of the Reg. E. Funds. Each Reg. E fund can raise up to $5.0 million per year exempt from registration. The family of funds we are developing will assist SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units. We have developed our business model to fund and develop new high growth companies.
About Global 1 Investment Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on SSS behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
SOURCE: Silver Screen Studios, Inc.
Silver Screen Studios, Inc.
Barry Thomas, 404-255-0400
sssu@mindspring.com
Copyright Business Wire 2006
On Watch...
TTSR - Tactical Solution Partners Completes Historical Audit and Reports Third Quarter Financial Results
GLEN BURNIE, Md., Oct. 6 /PRNewswire-FirstCall/ -- Tactical Solution Partners, Inc. ('TSPI') (Pink Sheets: TTSR) announced today the completion of the audit of its financial statements for the years ended December 31, 2004 and 2005 by Marcum & Kliegman, LLP, its certified public accountants.
TSPI recognized revenue of $9,081,780 for the year ended December 31, 2005, an increase of approximately 19% over 2004 revenue of $7,647,593. The primary reason for the increase in sales was due to replacement of legacy mobile data hardware and software solutions by TSPI's PelicanMobile customers and new sales to customers in the Mid-Atlantic region. Sales of ruggedized laptops represented the majority (61%) of revenues during 2005, which is expected to continue for the PelicanMobile Division in the future.
Net Income for the year ended December 31, 2005 was $1,732,115, an increase of approximately 58% over 2004 net income of $1,098,661.
TSPI also announced unaudited financial results for the third quarter of 2006. Revenue for the third quarter ended September 30, 2006 was $4,989,866 compared to $2,332,559 in the same period in 2005. For the nine months ended September 30, 2006, TSPI reported revenue of $12,600,803 compared to $6,373,943 in the same period in 2005, representing a 97.7% increase.
About Tactical Solution Partners, Inc.
Tactical Solution Partners, Inc is a leading provider of rugged mobile communication and anti-terrorism training and preparedness solutions through two divisions. PelicanMobile provides rugged mobile data communication solutions to the public safety and law enforcement markets. Tactical Solution Options delivers tactical training and threat identification and mitigation solutions to deter, defy, and defeat terrorism in the United States and abroad.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words 'expect,' 'anticipate,' 'estimate,' 'project,' 'forecast,' 'outlook,' 'target,' 'objective,' 'plan,' 'goal,' 'pursue,' 'on track,' and similar expressions, are 'forward-looking statements' and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
SOURCE Tactical Solution Partners, Inc.
Source: PR Newswire (October 6, 2006 - 9:32 AM EST)
News by QuoteMedia
www.quotemedia.com
TTSR - Tactical Solution Partners Completes Historical Audit and Reports Third Quarter Financial Results
GLEN BURNIE, Md., Oct. 6 /PRNewswire-FirstCall/ -- Tactical Solution Partners, Inc. ('TSPI') (Pink Sheets: TTSR) announced today the completion of the audit of its financial statements for the years ended December 31, 2004 and 2005 by Marcum & Kliegman, LLP, its certified public accountants.
TSPI recognized revenue of $9,081,780 for the year ended December 31, 2005, an increase of approximately 19% over 2004 revenue of $7,647,593. The primary reason for the increase in sales was due to replacement of legacy mobile data hardware and software solutions by TSPI's PelicanMobile customers and new sales to customers in the Mid-Atlantic region. Sales of ruggedized laptops represented the majority (61%) of revenues during 2005, which is expected to continue for the PelicanMobile Division in the future.
Net Income for the year ended December 31, 2005 was $1,732,115, an increase of approximately 58% over 2004 net income of $1,098,661.
TSPI also announced unaudited financial results for the third quarter of 2006. Revenue for the third quarter ended September 30, 2006 was $4,989,866 compared to $2,332,559 in the same period in 2005. For the nine months ended September 30, 2006, TSPI reported revenue of $12,600,803 compared to $6,373,943 in the same period in 2005, representing a 97.7% increase.
About Tactical Solution Partners, Inc.
Tactical Solution Partners, Inc is a leading provider of rugged mobile communication and anti-terrorism training and preparedness solutions through two divisions. PelicanMobile provides rugged mobile data communication solutions to the public safety and law enforcement markets. Tactical Solution Options delivers tactical training and threat identification and mitigation solutions to deter, defy, and defeat terrorism in the United States and abroad.
Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words 'expect,' 'anticipate,' 'estimate,' 'project,' 'forecast,' 'outlook,' 'target,' 'objective,' 'plan,' 'goal,' 'pursue,' 'on track,' and similar expressions, are 'forward-looking statements' and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
SOURCE Tactical Solution Partners, Inc.
Source: PR Newswire (October 6, 2006 - 9:32 AM EST)
News by QuoteMedia
www.quotemedia.com
Stock futures fall on weaker jobs data
Friday October 6, 8:37 am ET
NEW YORK (Reuters) -U.S. stock index futures dropped, pointing to a weaker market open on Friday, after September employment data showed fewer-than-expected jobs were created in September, signaling a weaker economy.
S&P 500 futures (SPc1) were down 3.1 points, below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures (DJc1) fell 21 points, and Nasdaq 100 (NDc1) futures dipped 3.25 points.
nope not drunk...
13:30 10/06/2006 RSLI Russell Industries Inc Common Stock RSDI Russell Industries, Inc. New Common Stock 5-1 R/S; Payable Upon Surrender **
BTXO - BTX Holdings, Inc. Receives Key Patent for Citrus Separation Technology for Use in the Biomass Industry; Company Estimates the Market Value of Citrus Products Could Be in Excess of $500 Million Per Year in the U.S. Alone
Thursday October 5, 4:05 pm ET
FORT LAUDERDALE, FL--(MARKET WIRE)--Oct 5, 2006 -- BTX Holdings, Inc. (OTC BB:BTXO.OB - News), a development stage company that specializes in the development and acquisition of technologies to extract useable products from biomass, today announced that it was granted U.S. Patent #7,060,313 by the United States Patent and Trademark Office for its Citrus Separation Technology. BTX acquired the patent pending in May 2005 and has waited over a year for the patent to be issued. The CST can process the citrus waste that remains after fruit is juiced. The majority of this waste is currently treated with chemicals, dried and pressed into pellets and sold as cattle feed, often at a financial loss to the juicing operation. BTX Holdings' CST process instead extracts from the raw citrus waste a fermentable sugar syrup which can be used as a very high quality feedstock for ethanol production or as a beverage base, oils and essences for use in the flavorings and perfume industries and a dry product which has myriad uses including pectin production and food filler. Juicing operations in the United States alone generate 3 million tons of citrus peels and pulp annually. The Company estimates that the value of products extracted from this waste peel could be in excess of $500 million per year in the U.S. alone.
"Now that we have been granted the patent to this revolutionary process, we can begin our marketing and deployment efforts," said Scott Silverman, the president and CEO of BTX Holdings. "We believe that the CST process will provide a solution to the increasing problem of disposing citrus juicing plant waste, while creating profit from where there is currently loss."
BTX has acquired, is developing, or is in the process of acquiring the global rights and/or patents to multiple biomass reduction and alternative fuel feedstock separation and production technologies.
About BTX Holdings
BTX Holdings, Inc., and its wholly owned subsidiary, BioTex Corporation, were established in 2003 to develop and employ technologies from around the world to process biomass (plant derived) waste, extract the usable fractions, and then utilize or sell those extractions in further downstream processes. Many of these waste streams have traditionally been disposed of either by dumping into landfills or by burning. BioTex has acquired, developed or is in the process of acquiring several extraction and separation technologies which can process this waste to derive value added products, such as alternative energy feedstocks, cellulose, fiber, oils and essences, and others.
The result of processing biomass waste with BioTex technologies is the ability to specifically extract the feedstock necessary for a further downstream process, such as ethanol production, as well as utilizing the remaining fractions for alternative uses, such as an extremely nutritive animal feed, or a base for pectin production.
For more information, please visit the company's website at www.biotexcorp.com
Safe Harbor Statement:
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Contact:
Contact:
Scott J. Silverman
President/CEO
BTX Holdings, Inc.
Phone: 954-776-6600
Email Contact
--------------------------------------------------------------------------------
Source: BTX Holdings
SGIHF - Sungold International Holdings Corp.: The Company Announces Positive Position on Unlawful Gambling Enforcement Act of 2006
Thursday October 5, 5:57 pm ET
Announces plans for current marketing strategy and new advertising agreements
http://biz.yahoo.com/iw/061005/0169956.html
CECU - Clean Energy signs a Letter of Intent with Chilliwack Power Corporation to purchase water license applications for the development of Run of the River hydro projects
http://biz.yahoo.com/prnews/061005/to398.html?.v=5
PSRZ - Pop Starz Inc. Announces Start of Trading
fwiw, HYPF Last Trading Day Before 3 for 1 Stock Split
Well I was one of the few that made out like a bandit on GVRP
just too many burgers to flip instead of playing games...imo
lol mz Missy, like your new siggy.
Well mostly I stay away from the screw ups now, as it can work against us. the SEC, brokers and MMs see to that.
re: RSLI
Confusing for sure...
first we have this,
Posted by: IRISHBULL
13:30 10/06/2006 RSLI Russell Industries Inc Common Stock RSDI Russell Industries, Inc. New Common Stock 5-1 R/S; Payable Upon Surrender **
then this from company PR,
Russell Industries Announces 5 for 1 Stock Split
Russell Industries, Inc. (PINKSHEETS: RSLI) announces that that its Board of Directors has approved a 5 for 1 forward stock split of the Company's common shares. Each shareholder at the close of business on September 15, 2006 will receive four (4) additional shares for every outstanding share thereof. The effective date will be on or about September 19, 2006.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. From its inception until 2005 the Company engaged in locating and developing base and precious metals and waste stream reclamation. In May 2005 the Company's founders elected new management with a strong background in the securities, financial, energy and healthcare industries. New management quickly restructured the organization and guided Russell Industries through a successful 15(c)2-11 registration for Pink Sheets quotation. The new Russell Industries is a holding company for assets in the energy, mining, healthcare and financial industries.
Safe Harbor
Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
Source: Market Wire (August 31, 2006 - 1:00 PM EST)
News by QuoteMedia
www.quotemedia.com
AFML Ameritrade restricted...(Agreement With Alcoa Inc.)
No politics please...TIA
Mary...
;-(
sorry its still bothering U
I do know vitamin E is effective in helping
fwiw and best 2 U
I will....lol
Cyber Merchants Exchange, Inc. Announces Name Change and New Ticker Symbol
Wednesday October 4, 4:30 pm ET
HONG KONG--(MARKET WIRE)--Oct 4, 2006 -- Cyber Merchants Exchange, Inc. ("Cyber Merchants") (OTC BB:CMXG.OB - News) announced today that it anticipates filing a Certificate of Amendment to the Company's Articles of Incorporation with the California Secretary of State on or about October 12, 2006, pursuant to which its name will be changed to Infosmart Group, Inc. (hereafter "Infosmart" or the "Company").
Effective August 16, 2006, Infosmart completed a reverse merger with Cyber Merchants, a publicly traded shell company.
The Company also announced that following the name change, it will request its ticker symbol on the Over-The-Counter Bulletin Board be changed to "ISGI" (OTC BB:ISGI.OB - News). If approved, Infosmart anticipates the new ticker symbol to be effective on or about October 16, 2006.
About Infosmart Group, Inc.
Infosmart Group, Inc., a fast-growing and profitable writable DVD (DVDR) manufacturer, operates a state-of-the-art DVDR production facility in Hong Kong and is preparing to manufacture new writable High Density (HD-DVDR) media. In addition, Infosmart will soon become the largest manufacturer of DVDR discs in Brazil. Disc media will be the storage media of choice for years to come, whether as HD-DVDR for mature markets or traditional DVDR for developing markets. No other storage media available rivals its combination of high capacity, low cost and exceptional portability.
ADVERTISEMENT
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Contact:
CONTACT:
After Market Support, LLC
Pamela Solly
Phone: (720) 489-4912
ps@aftermarketsupport.com
--------------------------------------------------------------------------------
Source: Infosmart Group Limited
TIXC - Tix Corporation Announces Dramatic Increase in September Revenues and a Record Quarter
Wednesday October 4, 8:00 pm ET
STUDIO CITY, Calif., Oct. 4, 2006 (PRIMEZONE) -- Tix Corporation (OTC BB:TIXC.OB - News) (the ``Company'') is pleased to announce that its Las Vegas half-price, same day ticket business, ``Tix4Tonight,'' realized a 142% increase in the dollar volume of ticket sales for September 2006 as compared to September 2005, to $2,089,197 in 2006 from $862,562 in 2005.
Tix4Tonight's monthly ticket sale revenue for the entire third quarter ended September 30, 2006 evidenced similar dramatic growth, resulting in a record quarter in terms of ticket sales. Monthly ticket sales for July 2006 increased 115% as compared to July 2005, and August 2006 increased 126% as compared to August 2005.
Mitch Francis, CEO of Tix Corporation and Tix4Tonight commented, ``We are thrilled by the dramatic increase in ticket sales for the months and the quarter, as well as the 2006 year-to-date period, which reflected a 119% increase over 2005. We anticipate that the third quarter 2006 results will include record net income and operating cash flows.''
Tix Corporation's wholly-owned subsidiary, Tix4Tonight, sells tickets for Las Vegas shows, concerts, attractions and sporting events at half-price, on the same day of the performance. Tix4Tonight has four prime ticket booth facilities, strategically placed at highly foot-trafficked locations in Las Vegas, Nevada. They include the Hawaiian Marketplace at the South end of the Strip, the Fashion Show Mall in front of Neiman Marcus, directly across the street from the new Wynn Resort at the middle of the Strip, North Strip, across from the Stardust Hotel, and a new downtown Las Vegas facility in the Four Queens Hotel, fronting onto the Fremont Street Experience.
For more information and answers to typical questions about how the Tix4Tonight service works, call 877-849-4868 or visit http://www.tix4tonight.com.
Cautionary Statement pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
All statements in this news release that are not statements of historical fact are deemed to be forward-looking statements. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. Many of these risks and uncertainties are identified in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements. This document is only for the general information of shareholders, potential investors and other interested parties, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities. The opinions expressed herein are the current opinions of management as of the date appearing on this document.
Contact:
Tix Corporation
Media Contacts:
Mitch Francis, CEO
(818) 761-1002
--------------------------------------------------------------------------------
Source: Tix Corporation
RLTR - ReelTime Caught in Confusion
SEATTLE, WA, Oct 04, 2006 (MARKET WIRE via COMTEX) -- ReelTime Rentals, Inc. (PINKSHEETS: RLTR) today issued a clarification to news from Australia, stating that trading had been suspended in the shares of Reeltime Media Ltd, which is traded on the Australian Stock Exchange. ReelTime Rentals, Inc has no connection with ReelTime Media Ltd. of Australia. ReelTime Rentals, Inc is 100% in compliance with all laws, regulations, and the requirements of the exchange upon which its shares are traded. All of its filings have been complete and timely.
According to CEO Barry Henthorn, "There seems to have been some confusion between our two separate companies. We have been flooded with inquiries from stockholders who have confused the companies. ReelTime Rentals, Inc. has no affiliation with Reeltime Media Ltd."
About ReelTime Rentals, Inc.
ReelTime Rentals' mission is to deliver diverse programming over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the only DVD quality "point, click, and watch" user experience available on the World Wide Web. For more information, go to www.reeltime.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that forward-looking statements involve risks and uncertainties. Although ReelTime Rentals, Inc. believes the assumptions underlying forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there is no assurance that forward-looking statements included herein will prove to be accurate, and inclusion herein should not be regarded as a representation by ReelTime Rentals, Inc. or other persons that objectives and plans of ReelTime Rentals will be achieved.
Investor Contact:
Michael Gersh
(206) 219-6889
NNBP - Signs Agreement with American Health Associates Clinical Laboratories to Provide Calcifying Nanoparticle Tests in the United States
Business Wire "US Press Releases "
TAMPA, Fla.--(BUSINESS WIRE)--
Nanobac Pharmaceuticals Inc. (OTCBB:NNBP) ("Nanobac" or "the Company") and American Health Associates Clinical Laboratories (AHA) have reached an agreement for AHA to serve as the exclusive U.S. provider of Nanobac proprietary blood tests that can detect blood levels of Calcifying Nanoparticles (CNPs), which are found in coronary artery calcification, kidney stones, and other stone forming diseases. CNPs have been found in preliminary studies to be markers of arterial calcification, which in turn is a reliable marker of heart disease risk. AHA is a well-established certified laboratory headquartered in Miramar, Florida, and accepts blood samples from across the U.S.
"Nanobac has partnered with AHA for this important test so that our company can focus on its core R&D while continuing to make available and expanding the availability of these tests for research purposes," explained Nanobac Co-Chairman Dr. Benedict Maniscalco. "For the first time ever we now have a qualified laboratory in the U.S. where physicians can send blood samples for testing, along with authorized stations where patients can go to have blood drawn and know that the samples will be properly handled," Dr. Maniscalco added.
The tests can detect CNP antigens and antibodies. Analysis is done by Nanobac's own laboratories in Kuopio Finland; the only lab in the world capable of such analysis. Nanobac has performed thousands of such tests worldwide since the year 2000.
(a) (Note to editors: the term "Calcifying Nanoparticle (CNP)" has been adopted in recently published literature to help distinguish these particles from bacteria.)
About Nanobac Pharmaceuticals: Nanobac Pharmaceuticals Inc. is a life sciences company dedicated to the discovery and development of products and services to improve people's health through the detection and treatment of Calcifying Nanoparticles (CNPs), otherwise known as "nanobacteria." The company's pioneering research is establishing the pathogenic role of CNPs in soft tissue calcification, particularly in coronary artery, prostate and vascular disease.
Nanobac's drug discovery and development is focused on new and existing compounds that effectively inhibit, destroy or neutralize CNPs. Nanobac manufactures In Vitro Diagnostic (IVD) kits and reagents for detecting calcifying nanoparticles. IVD products include a line of assays, proprietary antibodies and reagents for uniquely recognizing CNPs. Nanobac's BioAnalytical Services works with biopharmaceutical partners to develop and apply methods for avoiding, detecting, and inactivating or eliminating CNPs from raw materials.
Nanobac Pharmaceuticals Inc. is headquartered in Tampa, Florida. For more information, visit our website at: http://www.nanobac.com.
Investors are cautioned that certain statements in this document, some statements in periodic press releases and some oral statements of Nanobac Pharmaceuticals, Inc. officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Nanobac Pharmaceuticals, Inc. actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and Nanobac Pharmaceuticals, Inc. has no specific intention to update these statements.
Source: Nanobac Pharmaceuticals Inc.
RLTR - ReelTime Attending MIPCOM 2006 in Cannes, France
Tuesday October 3, 9:09 pm ET
SEATTLE, WA--(MARKET WIRE)--Oct 3, 2006 -- Reeltime Rentals, Inc. (Other OTC:RLTR.PK - News) announces today that the Company's Chief executive, Barry Henthorn, and Vice President of Acquisitions and Business Development, Beverly Zaslow, will be attending the MIPCOM 2006 conference in Cannes, France on October 9 - 13. Ms. Zaslow has been attending the bi-annual conference for many years, often speaking and participating in panel discussions.
Producers, distributors and programmers from all over the world come to MIPCOM twice a year offering the very best that television has to offer. MIPCOM is the world's largest international trade show concentrating on television and direct to DVD content. It is customary for distribution deals to be announced at MIPCOM, and ReelTime expects to be able to do that this year as well.
"In addition to all the major studio and network content there is great programming from all around the globe that we never get the chance to see here in the USA," commented Beverly Zaslow, VP of Acquisitions. "We want to make all this content available for our subscribers to enjoy."
The CEO added: "Now that ReelTime is open for business, and the industry has opened its arms to the arrival of the digital platform, we can make real progress together," said Barry Henthorn. "As the only Point Click and Watch, DVD quality broadband network, we expect to make a real difference. ReelTime is providing the motion picture industry and the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth."
About ReelTime Rentals, Inc.
ReelTime Rentals' mission is to deliver diverse programming over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the only DVD quality "point, click, and watch" user experience available on the World Wide Web. For more information, go to www.reeltime.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that forward-looking statements involve risks and uncertainties. Although ReelTime Rentals Inc. believes the assumptions underlying forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there is no assurance that forward-looking statements included herein will prove to be accurate, and inclusion herein should not be regarded as a representation by ReelTime Rentals Inc. or other persons that objectives and plans of ReelTime Rentals will be achieved.
Contact:
Press Contact:
Richard Lewis
(818) 973-2754
Investor Contact:
Michael Gersh
(206) 219-6889
--------------------------------------------------------------------------------
Source: ReelTime Rentals, Inc.
I have wasted way to much time calling them, they suk, and its only gotten worse since the TD merger.
scamdogs
Tried to buy TFZP yesterday (.03), TDAmeriturd said no.
CBZFF...Carbiz Inc. Commences Trading on the U.S. OTC:BB
Market Wire "US Press Releases "
SARASOTA, FL -- (MARKET WIRE) -- 10/03/06 -- Ewire -- Carl Ritter, chief executive officer of Carbiz Inc., (OTCBB: CBZFF) announced the commencement of trading for Carbiz stock on the U.S. OTC:BB under the symbol CBZFF.OB. Carbiz stock will cease to trade on the TSX Venture Exchange today.
"This is a major milestone for Carbiz that will help fuel the expansion strategy for Carbiz Auto Credit, the company's specialty automotive consumer finance division," Ritter said.
Based in Sarasota, Florida, Carbiz is a leading provider of software, training and consulting solutions to the U.S. automotive industry. Carbiz's suite of business solutions includes dealer software products focused on the "buy-here pay-here," sub-prime finance and automotive accounting markets. Carbiz also operates a chain of "buy-here pay-here" dealerships in Florida which are wholly owned and joint venture companies.
The Carbiz Auto Credit division operates in a $50-billion-a-year industry providing consumer financing for automotive loans at buy-here, pay-here locations. Capitalizing on expertise developed over 10 years of providing software and consulting services to buy-here, pay-here businesses across the United States, Carbiz entered the market in 2004 with a location in Palmetto, Florida. The company has added two more credit centers since -- in Tampa and St. Petersburg -- and plans to expand with multiple units across Florida.
Carbiz has reported double-digit growth in annual revenues for the past three fiscal years. The company recently reported that revenue increased by 31% or U.S. $1,057,648 in the fiscal year ending Jan. 31, 2006, compared to the prior year. This was a result of software and consulting revenue growth of 14% or U.S. $297,727 and an increase in auto sales from the Carbiz chain of dealerships of 152% or U.S. $902,124.
For more information about Carbiz and its services, visit Carbiz's web site: www.carbiz.com.
Forward-Looking Statements
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Carbiz. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Carbiz assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The OTC:BB has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Heidi Smith
Heidi Smith Communications, Inc.
(941) 504-2803
Company Contact:
Carl Ritter
Chief Executive Officer
Carbiz Inc.
(941) 952-9255, ext. 1014
G'morning ma'am
CDSS - McAfee, Inc. To Acquire Citadel Security Software Inc.
Tuesday October 3, 8:32 am ET
Acquisition Strengthens McAfee's Capabilities Through Comprehensive Policy Compliance and Vulnerability Remediation
SANTA CLARA, Calif., Oct. 3 /PRNewswire-FirstCall/ -- McAfee, Inc. (NYSE: MFE - News) today announced it has signed a definitive agreement to acquire substantially all of the assets of Citadel Security Software Inc. (OTC Bulletin Board: CDSS - News) for approximately $56 million in cash, plus an estimated $4 million in working capital reimbursement.
Citadel provides leading solutions in security policy compliance and vulnerability remediation. The acquisition will add to McAfee's suite of products that helps enterprises neutralize security vulnerabilities and reduce risk, giving McAfee a broader capability for security policy compliance enforcement and vulnerability remediation.
"Security risk management is emerging as one of our highest-growth opportunities. This acquisition will help us develop the next generation of real-world security risk management solutions that customers are demanding," said Kevin Weiss, president of McAfee. "With the addition of Citadel, we can offer our customers the major components of vulnerability assessment, policy compliance enforcement and remediation, building on our suite of existing products, including ePolicy Orchestrator®, Preventsys®, Policy Enforcer and Foundstone®."
Highly regulated enterprises, including government and health-care customers, will especially benefit as McAfee integrates Citadel's automated solutions that help enterprises comply with regulatory requirements and internal policies, speed their compliance process and minimize threat exposure.
"We see companies struggle to bridge the gap between IT security and operations -- such as tying compliance audits to remediation," said Rose Ryan, analyst at IDC. "Companies should seek to improve their exposure to risks from vulnerabilities, threats and intrusions while reducing total cost of ownership by leveraging a unified security risk management architecture."
"McAfee has a significant lead in the market with the release of the industry's first truly integrated system security solution for the enterprise with Total Protection solutions. We believe we can considerably extend the market for Citadel's solutions by leveraging McAfee's 45 million desktops under management by ePolicy Orchestrator and becoming a key component of McAfee's security risk management portfolio," said Steven Solomon, chairman and chief executive officer at Citadel. "Together with Citadel's compliance and remediation solutions, McAfee has an excellent opportunity to deliver unmatched security to its enterprise business users-helping them to save valuable time and money, mitigate risk and comply with corporate and government mandates."
The transaction is expected to close in the fourth quarter of 2006, subject to customary closing conditions including Citadel stockholder approval and expiration of the Hart-Scott-Rodino (HSR) waiting period.
McAfee will discuss the impact of this acquisition on quarterly performance when it provides guidance on its third quarter earnings conference call Thursday, October 26th.
Forward-Looking Statements
This release contains forward-looking statements including those regarding the effect of the acquisition on McAfee's security risk management capabilities, anticipated product development and integration efforts, the anticipated benefits of the acquisition to McAfee's customers, the belief that the acquisition will extend the market for Citadel's solutions and the expected closing timeline for the acquisition. Actual results may vary, perhaps materially, from those contained in the forward-looking statements and the expected results may not occur. For example, the anticipated closing date for the acquisition may be delayed or may not occur at all; McAfee may not be able to successfully integrate Citadel's products on the anticipated time line or at all and Citadel technology once integrated with McAfee's other products may not perform as anticipated. In addition, actual results are subject to other risks, including that McAfee may not succeed in its efforts to grow its business, build upon its technology leadership or capture market share, notwithstanding related commitment or related investment. More information on risks and uncertainties related to McAfee and its business may be found in the company's quarterly and annual reports filed with the United States Securities and Exchange Commission (SEC).
About McAfee, Inc.
McAfee Inc., headquartered in Santa Clara, California and the global leader in intrusion prevention and risk management, delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.mcafee.com
Important Additional Information will be Filed with the SEC
In connection with the proposed transaction, Citadel intends to file a proxy statement and other relevant materials with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ASSET PURCHASE AGREEMENT AND THE PARTIES THERETO. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Citadel at the Securities and Exchange Commission's Web site at http://www.sec.gov. The proxy statement and such other documents may also be obtained for free from Citadel by directing such request to Citadel Security Software Inc., Investor Relations, Two Lincoln Centre, 5420 LBJ Freeway, 16th Floor, Dallas, Texas 75240, telephone: (214) 520-9292.
Citadel and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed asset purchase agreement. Information concerning the interests of Citadel's participants in the solicitation, which may be different than those of Citadel stockholders generally, is set forth in Citadel's proxy statements and Annual Reports on Form 10-K, previously filed with the SEC, and in the proxy statement relating to the asset purchase when it becomes available.
Descriptions of the terms of the purchase agreement and related agreements in this press release are qualified in their entirety by reference to the agreements filed by Citadel on its current report on Form 8-K filed with the SEC.
NOTE: McAfee, Foundstone, Preventsys, ePO and ePolicy Orchestrator are registered trademarks of McAfee, Inc. and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. All other registered and unregistered trademarks herein are the sole property of their respective owners.
--------------------------------------------------------------------------------
Source: McAfee, Inc.
Stock Futures Lower Ahead of Auto Sales
Tuesday October 3, 8:29 am ET
Stock Futures Tilt Lower on Worries About Auto Sales, Economy
LONDON (AP) -- U.S. stock futures tilted lower on Tuesday on concerns about how much U.S. economic growth will slow and on expectations of sluggish auto sales.
Dow Jones futures were recently down 10 points, S&P 500 futures declined 1.7 points and Nasdaq futures eased 3.5 points.
"Sentiment is moving back and forward between manic and depressive. And it is the degree of belief in the soft landing scenario that steers these waves," said Philippe Gijsels, a strategist at Fortis Bank.
"At the current time, the sharp drop in commodity prices is seen as quite positive since it means lower inflation and lower interest rates. But if the drop continues and economic figures continue to weaken, recession fears may once again creep in," he added.
On Monday, U.S. stocks closed lower, with technology shares in particular seeing weakness. The Dow industrials again couldn't close at a record high. The Dow finished 8.7 points lower, the Nasdaq Composite lost 20.8 points and the S&P 500 weakened 4.5 points.
Automakers will be in focus on Tuesday with the release of September sales figures, with the Chrysler unit of DaimlerChrysler expected to have the worst performance. Sales of General Motors and Ford Motor Co. are seen roughly flat compared with last year.
GM also was the subject of a "Heard on the Street" column in The Wall Street Journal, which quoted analysts as saying its momentum could stall in the second half of the year.
Automakers also drew attention in Europe, where both Renault and PSA Peugeot Citroen saw broker downgrades.
The dollar edged higher on the Japanese yen following news that North Korea is conducting a nuclear test. The greenback was basically steady against the euro.
Crude-oil futures declined further in electronic trading, slipping 73 cents at $60.30 a barrel. Gold futures were down around $5 an ounce.
Elsewhere, Marvell Technology is expected to decline after saying late Monday that third-quarter revenue will drop around 10 percent from second-quarter levels on flagging demand for its hard disk drive customers. Marvell also said it would have to restate past results because of stock-option accounting errors.
Shares of rival Broadcom may also come under pressure.
Skyworks Solutions may rally after cutting its workforce by 10 percent as part of a plan to save $70 million in annual costs.
Pier 1 Imports, the struggling retailer, suspended its 10-cents-a-share dividend payment.
Nintendo lifted its earnings forecast on sales of video game hardware and software and a strong outlook for its forthcoming Wii console.
Rival Sony finished lower in Tokyo after a broker downgrade.
Overseas markets were mostly weaker, with the Nikkei 225 closing 0.1 percent lower in Japan, and the CAC-40 losing 0.7 percent in late-morning Paris trade.
McAfee, Inc. To Acquire Citadel Security Software Inc.
Tuesday October 3, 8:32 am ET
Acquisition Strengthens McAfee's Capabilities Through Comprehensive Policy Compliance and Vulnerability Remediation
SANTA CLARA, Calif., Oct. 3 /PRNewswire-FirstCall/ -- McAfee, Inc. (NYSE: MFE - News) today announced it has signed a definitive agreement to acquire substantially all of the assets of Citadel Security Software Inc. (OTC Bulletin Board: CDSS - News) for approximately $56 million in cash, plus an estimated $4 million in working capital reimbursement.
Citadel provides leading solutions in security policy compliance and vulnerability remediation. The acquisition will add to McAfee's suite of products that helps enterprises neutralize security vulnerabilities and reduce risk, giving McAfee a broader capability for security policy compliance enforcement and vulnerability remediation.
"Security risk management is emerging as one of our highest-growth opportunities. This acquisition will help us develop the next generation of real-world security risk management solutions that customers are demanding," said Kevin Weiss, president of McAfee. "With the addition of Citadel, we can offer our customers the major components of vulnerability assessment, policy compliance enforcement and remediation, building on our suite of existing products, including ePolicy Orchestrator®, Preventsys®, Policy Enforcer and Foundstone®."
Highly regulated enterprises, including government and health-care customers, will especially benefit as McAfee integrates Citadel's automated solutions that help enterprises comply with regulatory requirements and internal policies, speed their compliance process and minimize threat exposure.
"We see companies struggle to bridge the gap between IT security and operations -- such as tying compliance audits to remediation," said Rose Ryan, analyst at IDC. "Companies should seek to improve their exposure to risks from vulnerabilities, threats and intrusions while reducing total cost of ownership by leveraging a unified security risk management architecture."
"McAfee has a significant lead in the market with the release of the industry's first truly integrated system security solution for the enterprise with Total Protection solutions. We believe we can considerably extend the market for Citadel's solutions by leveraging McAfee's 45 million desktops under management by ePolicy Orchestrator and becoming a key component of McAfee's security risk management portfolio," said Steven Solomon, chairman and chief executive officer at Citadel. "Together with Citadel's compliance and remediation solutions, McAfee has an excellent opportunity to deliver unmatched security to its enterprise business users-helping them to save valuable time and money, mitigate risk and comply with corporate and government mandates."
The transaction is expected to close in the fourth quarter of 2006, subject to customary closing conditions including Citadel stockholder approval and expiration of the Hart-Scott-Rodino (HSR) waiting period.
McAfee will discuss the impact of this acquisition on quarterly performance when it provides guidance on its third quarter earnings conference call Thursday, October 26th.
Forward-Looking Statements
This release contains forward-looking statements including those regarding the effect of the acquisition on McAfee's security risk management capabilities, anticipated product development and integration efforts, the anticipated benefits of the acquisition to McAfee's customers, the belief that the acquisition will extend the market for Citadel's solutions and the expected closing timeline for the acquisition. Actual results may vary, perhaps materially, from those contained in the forward-looking statements and the expected results may not occur. For example, the anticipated closing date for the acquisition may be delayed or may not occur at all; McAfee may not be able to successfully integrate Citadel's products on the anticipated time line or at all and Citadel technology once integrated with McAfee's other products may not perform as anticipated. In addition, actual results are subject to other risks, including that McAfee may not succeed in its efforts to grow its business, build upon its technology leadership or capture market share, notwithstanding related commitment or related investment. More information on risks and uncertainties related to McAfee and its business may be found in the company's quarterly and annual reports filed with the United States Securities and Exchange Commission (SEC).
About McAfee, Inc.
McAfee Inc., headquartered in Santa Clara, California and the global leader in intrusion prevention and risk management, delivers proactive and proven solutions and services that secure systems and networks around the world. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector, and service providers with the ability to block attacks, prevent disruptions, and continuously track and improve their security. http://www.mcafee.com
Important Additional Information will be Filed with the SEC
In connection with the proposed transaction, Citadel intends to file a proxy statement and other relevant materials with the Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ASSET PURCHASE AGREEMENT AND THE PARTIES THERETO. Investors and security holders may obtain a free copy of the proxy statement (when available) and other documents filed by Citadel at the Securities and Exchange Commission's Web site at http://www.sec.gov. The proxy statement and such other documents may also be obtained for free from Citadel by directing such request to Citadel Security Software Inc., Investor Relations, Two Lincoln Centre, 5420 LBJ Freeway, 16th Floor, Dallas, Texas 75240, telephone: (214) 520-9292.
Citadel and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed asset purchase agreement. Information concerning the interests of Citadel's participants in the solicitation, which may be different than those of Citadel stockholders generally, is set forth in Citadel's proxy statements and Annual Reports on Form 10-K, previously filed with the SEC, and in the proxy statement relating to the asset purchase when it becomes available.
Descriptions of the terms of the purchase agreement and related agreements in this press release are qualified in their entirety by reference to the agreements filed by Citadel on its current report on Form 8-K filed with the SEC.
NOTE: McAfee, Foundstone, Preventsys, ePO and ePolicy Orchestrator are registered trademarks of McAfee, Inc. and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. All other registered and unregistered trademarks herein are the sole property of their respective owners.
--------------------------------------------------------------------------------
Source: McAfee, Inc.
Construction Spending Rises in August
Monday October 2, 10:28 am ET
By Martin Crutsinger, AP Economics Writer
Construction Spending Rises in August Despite Another Big Decline in Housing Activity
WASHINGTON (AP) -- Spending on construction projects unexpectedly edged up in August as the best gain in nonresidential activity in 11 months offset another big decline in home building.
The Commerce Department reported that construction spending rose by 0.3 percent to a seasonally adjusted annual rate of $1.20 trillion. It followed a huge 1 percent decline in July and represented the best showing in five months.
Analysts had been forecasting construction spending would drop in August, reflecting continued weakness in residential construction. However, a big drop in residential activity was offset by strength in office building and other nonresidential projects. Spending by state and local governments also rose.
Nonresidential construction was up 3.4 percent to a seasonally adjusted annual rate of $312 billion. It was the biggest one-month increase since a 4.1 percent rise in September 2005.
The strength came from increases in office construction, hotels and the category that includes shopping centers.
Spending on private home construction dropped 1.5 percent in August to a seasonally adjusted rate of $617 billion. The August decline followed an even bigger 2.1 percent July decrease and marked the fifth straight home building has fallen.
The housing industry, which has enjoyed five years of booming sales and construction activity, has been losing altitude this year under the impact of higher mortgage rates. The slowdown has been engineered by the Federal Reserve, which raised interest rates as a way of slowing the economy and keeping inflation under control.
Spending on government projects rose 1.1 percent to a seasonally adjusted annual rate of $271.6 billion. That reflected an increase of 1.4 percent on state and local projects and a 4.3 percent decline on federal projects.
Big increases in private construction included an 8.2 percent jump in spending to build factories, a 4.8 percent rise in spending on amusement parks, a 3.1 percent rise in office building and a 1.8 percent increase in hotel and motel construction.
The 1.4 percent rise in state and local government projects followed a 1.5 percent drop in that category last month.
The 4.3 percent fall in spending on federal projects was the biggest setback since last April.
Manufacturing Growth Slows in Sept.
Monday October 2, 10:53 am ET
Manufacturing Sector Growth Slows in September
NEW YORK (AP) -- The nation's manufacturing sector expanded at the slowest pace in over a year in September amid weaker U.S. auto sales and a slumping housing market, a trade group said Monday.
The Institute for Supply Management, based in Tempe, Ariz., said its manufacturing index registered 52.9 in September, below August's reading of 54.5 and the lowest reading since May 2005.
Analysts had been expecting a reading of 53.5.
A reading of 50 or more indicates expansion, while below 50 shows contraction. The September figure represented the 40th consecutive month of growth.
The manufacturing sector's strength is waning after performing well in the first half of the year, said Dan Meckstroth, chief economist for the Manufacturers Alliance/MAPI trade group in Washington, D.C.
"For the first two quarters of the economy, you had manufacturing growth exceeding the growth of the general economy. That's unusual," Meckstroth said. He said a big reason was that companies wanted rebuild their inventories after last fall's hurricanes. Inventories are ample now, and business is slowing down.
The ISM's prices paid index fell to 61.0 in September from 73.0 in the previous month as commodity prices took a tumble. The new orders index stayed the same at 54.2, but the backlog of orders index fell to 46.5 in September from 51.5 a month earlier. Also, the employment index dropped to 49.4 in September from 54.0 in August.
The struggling U.S. auto industry and the cooling housing market are hurting the business of the companies that supply those sectors.
Automakers General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group are cutting back production. The auto industry accounts for about 10 percent of the nation's manufacturing, Meckstroth said.
On Friday, Timken Co., which makes bearings and alloy steel products, said it is slashing its earnings outlook and 700 jobs because of the weakening U.S. auto market. Earlier last week, Visteon Corp. said it expects second-half product sales to be about 10 percent lower than its first-half product sales of $5.7 billion.
Also in September, the auto supplier BorgWarner Inc. said it would eliminate 13 percent of its North American work force and reduced its 2006 earnings forecast, while Lear Corp. said the slowdown in U.S. vehicle production would cost it about $300 million in lost sales for 2006.
Meanwhile, the housing market has been leveling off. Home sales rose in August, but only after three straight months of declines, the Commerce Department said last week. The price of homes sold in August was down 1.3 percent from a year earlier -- the biggest year-over-year price decline in more than three years.
Furthermore, although falling commodity prices have been a relief for consumers, the lower prices are hurting some manufacturers -- if they've stocked up on a once-expensive commodity that can now be bought at a cheaper price, it's a capital loss, Meckstroth explained.
Oil prices have fallen about 20 percent since mid-July.
Equipment manufacturing, however, remains a bright spot on the manufacturing landscape. Last month, heavy equipment maker Caterpillar said it would raise its machinery and engine prices early next year, citing a global upswing in construction, mining and energy exploration. The unofficial monthly dealer statistics on its Web site show that sales were up in August from the previous month.
Stock prices were mixed in morning trading Monday on Wall Street. The Dow Jones industrials rose 6.16 points, or 0.05 percent, to 11,685.23, while the Nasdaq composite index fell 4.06 points, or 0.18 percent, to 2,254.37. The broader Standard & Poor's 500 index fell 0.25 points, or 0.02 percent, to 1,335.63.
With the economy slowing, the Federal Reserve on Sept. 20 decided for the second month in a row to leave interest rates unchanged. The Fed's rate-raising campaign, which lasted for more than two-year, was aimed at curbing inflation.
Economists are mixed on what the Fed will do at its meeting later this month, but inflation worries -- which eased when energy prices started tumbling in late July -- reared up again on Friday, when the Commerce Department reported that core inflation rose in August. The 2.5 percent rise in this measure over the past 12 months was the biggest year-long increase since a similar 2.5 percent 12-month rise in April 1995.
Inflation, along with the slowing housing market and energy prices that are still high relative to years past, has been cutting into consumer spending, which showed a tiny 0.1 percent rise in August -- far below the 0.8 percent jump in the previous month, the Commerce Department said Friday.
Stock Futures Flat As 4Q Begins
Monday October 2, 7:21 am ET
Stock Futures Mostly Flat Ahead of Manufacturing Data, Harrah's Report
LONDON (AP) -- U.S. stock futures were basically flat on Monday as the fourth quarter started, with a manufacturing poll's release, a report that Harrah's Entertainment may be bought and a downgrade of Apple Computer possible catalysts to the day's trading.
Dow Jones futures were recently up 4 points, S&P 500 futures rose 1.3 points, and Nasdaq futures were up 1 point.
On Friday, U.S. stocks ended lower, with St. Louis Fed president William Poole saying that any decision to start cutting interest rates may come later rather than sooner. For the third quarter, the S&P 500 rose 5.2 percent, the Dow industrials rose 4.7 percent and the Nasdaq Composite advanced 4 percent.
Monday sees the release of the Institute of Supply Management's poll on manufacturing for September, which is seen slipping to 53.7 percent from 54.5 percent last month.
Similar gauges of manufacturing sentiment were taken overseas. The quarterly tankan survey in Japan showed large manufacturers' sentiment at a two-year high. In the U.K., manufacturing sentiment rose to its best level of the third quarter, while sentiment in countries that use the euro was unchanged at 56.6.
The euro rose slightly on the dollar, while the greenback edged slightly higher on the yen.
Crude-oil futures were down 2 cents at $62.89 a barrel.
Of companies in focus, Harrah's Entertainment is in talks to be bought in what could be one of the biggest leveraged buyout deals ever, The Wall Street Journal reported Monday.
In Britain, however, shares of online gambling companies dropped after the U.S. Congress surprisingly passed a measure that would outlaw payments from American customers. PartyGaming, the biggest of the online gaming concerns, dropped 59 percent.
Wal-Mart Stores is capping wages, using more part-time workers and scheduling more workers on nights and weekends, The New York Times reported Monday, in what the newspaper said was a move to create a cheaper and more flexible workforce. Investment analysts and store managers say Wal-Mart executives have told them the company wants to transform its work force to 40 percent part-time from 20 percent; Wal-Mart denies this, but say part-timers now make up between 25 percent to 30 percent of workers, the report said.
Apple Computer declined 1.9 percent in German trading after Citigroup downgraded shares to hold. The broker told clients it sees little potential for revenue upside versus consensus in the third or fourth quarter of the year.
But in more positive news for the tech sector, worldwide sales of semiconductors reached an all-time monthly record of $20.5 billion in August, up 10.5 percent from a year ago and 2.1 percent from July, according to the Semiconductor Industry Association.
Elsewhere, two Russian firms are merging and acquiring the alumina assets of a Swiss commodities trader in a bid to challenge U.S.-based Alcoa Inc. as the world's biggest aluminum producer, according to a media report Sunday. The deal for Rusal Ltd. to take over smaller domestic rival Sual Group and acquire the assets of Glencore International AG could be announced as early as Monday, the Journal reported.
Johnson & Johnson late Friday said the U.S. Food and Drug Administration gave it an approvable letter for a schizophrenia treatment, paliperidone extended-release tablets. The letter means the FDA wants more information before giving it approval.
Delta Air Line late Friday said it chopped its losses in the month of August to $11 million, down from a loss of $158 million a year ago. But that was worse than the $69 million profit it reported in July.
Overseas, the Nikkei 225 ended with a rise of 0.8 percent. In Europe, the FTSE 100 rose 0.2 percent and the German DAX 30 was flat.