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MCET .008 + .0037
SCLL .007 + .0015
Falcon Ridge Development also a low float play, approximately 22 million float since most of the o/s is restricted. MCET printing .007 + .0027 now.
.0063
.0061 printing.
And amazingly ACTC .14 + .02 trades from its lows to over a dime for millions of shares on a daily basis, yet pinksheets.com is unable to contact the issuer as per their website.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=actc
Thanks.
If the o/s is over a billion, what is the float?
Message In Reply To:
just noticed SCLL O/S is over a billion,not a low-floater that's for sure
Brazil Panel Requires 11 Companies To Republish 3Q EarningsLast update: 1/23/2009 6:49:52 AMSAO PAULO (Dow Jones)--The Brazilian Securities Commission, or CVM, has ordered eleven companies to republish their third quarter financial statements in order to provide more details on derivatives operations, the CVM said in a statement Thursday night. In October, the CVM required companies to provide more details on their derivatives operations after four high-profile Brazilian companies reported losses in the foreign exchange derivatives market. However, according to the CVM, eleven companies did not provide enough information. Among the companies that must now republish their statements are Brazilian integrated steelmaker Companhia Siderurgica Nacional (SID) and Brazilian electric power utility Companhia Energetica de Sao Paulo (CESP5.BR), or Cesp. According to the CVM rule, published in October, companies must include all of their derivatives positions in their third-quarter financial statements. They must also include the margin for each position and all risks for investors. In addition, the CVM asked companies to consider three possible scenarios for derivatives performance and the potential impact of each on company balance sheets. The CVM rule came in the wake of heavy losses for some companies in their derivatives operations. Meatpacker Sadia (SDA) and Aracruz Papel e Celulose SA (ARA), in particular, announced heavy losses at the end of 2008. -By Rogerio Jelmayer, Dow Jones Newswires; 55-11-2847-4521; rogerio.jelmayer@dowjones.com (END) Dow Jones NewswiresJanuary 23, 2009 06:49 ET (11:49 GMT)
Stem Cell Innovations, Inc., Files New Patent Application Regarding Pluripotent Stem Cell ProductionLast update: 1/23/2009 6:00:00 AMHOUSTON, Jan 23, 2009 /PRNewswire via COMTEX/ -- HOUSTON, Jan. 23 /PRNewswire-FirstCall/ -- Stem Cell Innovations, Inc., (Pink Sheets: SCLL) announced today that it has filed a new patent application for the production of pluripotent stem cells from primordial germ cells. "We have been working for several years to develop a more effective method for producing stem cells from germ cells," said CEO James H. Kelly, PhD. "This filing was submitted to secure our intellectual property prior to publication in the scientific literature." The Company has been developing PluriCells(TM) for use in drug discovery. "The method in this application provides for a substantial improvement in both the yield and quality of stem cells produced. It builds on our already strong IP position in germ cell-derived stem cells and will allow us to expand in new directions," explained Kelly. About Stem Cell Innovations, Inc. SCLL is a cell biology company based in Houston, TX. The Company's ACTIVTox system is a human liver based model for high throughput toxicity testing. Stem Cell Innovations proprietary, human pluripotent stem cells, known as PluriCells, have the potential to aid in drug discovery, toxicology, and cell therapy. Additional information is available at and at . ACTIVTox and PluriCells are Trademarks of Stem Cell Innovations, Inc. Forward Looking Statement This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements. Forward-Looking statements are not statements of historical facts, but rather reflect our current expectations concerning future events and results. We use words such as "expects", "intends", "believes", "may", "will" and "anticipates" to indicate forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, but not limited to, those risks and uncertainties detailed in the Company's periodic reports filed with the Securities and Exchange Commission. We caution that these risk factors may not be exhaustive. We operate in a continually changing business environment, and new risk factors emerge from time to time. We cannot predict these new risk factors, nor can we assess the effect, if any, of the new risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ from those expressed or implied by these forward-looking statements. If any one or more of these expectations and assumptions proves incorrect, actual results will likely differ materially from those contemplated by the forward-looking statements. Even if all of the foregoing assumptions and expectations prove correct, actual results may still differ materially from those expressed in the forward-looking statements as a result of factors we may not anticipate or that may be beyond our control. While we cannot assess the future impact that any of these differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our common stock, the difference could be significant. We do not undertake to update any forward-looking statements made by us, whether as a result of new information, future events or otherwise. You are cautioned. SOURCE Stem Cell Innovations, Inc.
Great morning.
Great morning.
GVHR chart ;
GVHR 1.96 + .20
GVHR 1.91 + .15 Just added to our watch list as a potential long term play.
EESO .0095 pushing .01
Seems like there was a buying opportunity on today's HWBI dip mick.
[ X ] yep
Glad to hear he's okay. I suggested it because he has a family that depends on him to be there :)
Should see pennyland soon.
EESO reminds me of the QMNM run a little while back.
lol
Yeah, I needed that laugh.
Shamwow !
GWOW symbol reminds me of the ShamWOW :)
Hedge Funds Had Worst Yr Ever Amid $155B In Withdrawals -HFRLast update: 1/21/2009 10:00:14 AM
DOW JONES NEWSWIRES Another collector of hedge-fund-industry data affirmed that 2008 was the industry's worst year ever, saying investors withdrew a record amount of capital, wiping out two years of record growth. Hedge Fund Research Inc. said investors withdrew a record $155 billion last year, as industry assets returned to 2006 levels. The steep decline followed a year of record inflows in 2007. The report follows studies by other hedge-fund data compilers, such as Hennessee Group LLC, which found similar declines. HFR's Weighted Composite Index fell more than 18% for 2008, only the second calendar-year decline since 1990. The industry also saw a period of six consecutive months of declines from June through November. The industry's year-end assets totaled $1.4 trillion, down $525 billion from their mid-year peak. The financial crisis spurred investors to convert holdings to cash, and some funds faced unexpected disruptions to their trading strategies, including temporary bans on selling stock short. HFR found that investor redemptions were "widespread and indiscriminate" across the industry, regardless of fund size or performance. The group said financial market volatility contributed to polarized performance by many funds during the year - the bottom 10% of funds declined an average of 62%, but the top 10% of funds gained an average 40%. HFR President Kenneth J. Heinz said HFR expects continued asset consolidation but sees improving credit markets and global financial stimulus supporting industry performance this year. -By Kerry E. Grace, Dow Jones Newswires; 201-938-5089; kerry.grace@dowjones.com (END) Dow Jones NewswiresJanuary 21, 2009 10:00 ET (15:00 GMT
It could create some momo for several stocks involved in the housing industry.
Lawyers in your area ...
http://www.yellowbook.com/search/?what=injury+lawyer&who=&where=north+carolina
Stock Market Update 2009-01-21 09:20 Wed Jan 21 09:20:00 EST 2009 | Briefing.com
S&P futures vs fair value: +12.60. Nasdaq futures vs fair value: +16.80. Investors seem to be looking for some relief after seeing the S&P 500 fall nearly 15% during the past two weeks. Stock futures are pointing toward an opening gain of roughly 1.1% for the S&P 500. Still, investors know it is whether stocks finish higher or lower that counts. IBM (IBM) is helping underpin this morning's positive bias. IBM posted better-than-expected fourth quarter earnings and upside guidance for 2009 after the prior session's closing bell. However, the outlook appears to be company specific as numerous companies continue to issue tepid forecasts as they grapple with stiff headwinds. Still, fellow Dow component United Technologies (UTX) exceeded analysts' consensus quarterly estimate. Its outlook brackets the consensus forecast. Citigroup (C) has slashed its dividend yet again. Citi's quarterly dividend now stands at just $0.01 per share. BlackRock (BLK) and US Bancorp (USB) both missed the consensus earnings forecast, but Northern Trust (NTRS) posted an upside surprise. Investors will be watching financial stocks closely, since they have been the driving force behind much of the weakness in the broader market. Financials dropped nearly 17% in the prior session. The sector is now down more than 35% for the month.
Toyota knocks off GM as #1 ...
GM Sales Drop 11% In 2008 As Company To Lose No. 1 RankingLast update: 1/21/2009 9:06:42 AM
DOW JONES NEWSWIRES
General Motors Corp. (GM) reported an 11% drop in 2008 sales, capping a year in which it will lose its crown as the world's biggest auto maker to Toyota Motor Co. (TM) after 77 years. Sales continues to slump for auto makers as 2008 came to an end, with auto makers reporting plunges in the U.S. and Europe. GM's fourth-quarter global sales dropped 26% to 1.7 million. For the year, the total was 8.4 million. GM global sales executive Jonathan Browning noted global sales for the auto industry dropped by 3.5 million vehicles. The company's woes led it to seek federal aid, getting $13.4 billion from the government as it burns through billions of dollars in cash a quarter to fund its money-losing operations. Chief Executive Rick Wagoner admitted last week that a bankruptcy filing can't be ruled out. The declines for 2008 at GM were led by a 21% skid in North America to 3.6 million. Sales in Europe, which like the U.S. has fallen into recession and had been recording slumping sales in recent months, fell 6.5% for the year to 2.04 million. Former hot spots in emerging markets also saw slowing demand, with sales rising 2.7% in the Asia Pacific region and 3.2% in Latin America, Africa and the Middle East. Still, Russia recorded 30% growth while Brazil gained 10% and India rose 9%. China sales increased 6%. International sales rose to 64% of GM's total from 59% in 2007. GM shares were up 5.7% pre-market at $3.70. -By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com (END) Dow Jones NewswiresJanuary 21, 2009 09:06 ET (14:06 GMT)
Good morning Bigzz. I've also been watching this ...
http://realconcepts.blogspot.com/2009/01/housing-revisions-under-tarp-reform.html
On Friday the U.S. Senate voted 52-48 to approve the release of the $350 billion second tranche of TARP funds to the Treasury Department. The House continues work on the TARP Reform and Accountability Act (H.R. 384) introduced by Representative Barney Frank on January 9th to amend the original TARP provisions, which as presented includes significant changes on foreclosure mitigation and loan modifications.
BusinessWeek cites the argument by some "that TARP has failed because it hasn't cut to the root of the credit crisis: the rise in foreclosures on poorly vetted home loans, which has turned a vast assortment of securitized products into a toxic brew." The bill proposed by Rep. Frank suggests setting aside a portion of the rescue funds—"up to $100 billion but in no case less than $40 billion"—to prevent and reduce residential foreclosures. "President-elect Obama has promised to use as much as $100 billion of the TARP money in this way."
This TARP funds allocation will be used to also strengthen the Hope for Homeownership program, which to date has been a complete flop.
From an earlier Real Concept blog on the Hope program:
Hope for Homeowners, run by HUD, has proven to be a dismal failure. Only 357 people have signed up for loan modification aid since October 1. So what's the problem? Here is where the Washington Blame Game for Hope gets interesting:
The Creators: Congress says that lenders aren't willing to modify loans voluntarily and they should be forced to do so.
The Administrators: HUD says Congress made it too restrictive and too expensive for homeowners.
The Solution: Amnesty for liars.
In order to refinance through Hope for Homeowners, applicants must certify they did not supply false or misleading information on a previous loan application. The HUD program also requires homeowners to supply two years of financial records.
So what did our governing fathers propose to strengthen Hope for Homeowners? They watered it down - significantly. And they provided amnesty for liars. Borrowers no longer have to prove they did not lie on their previous loan application and they don't have to prove their income. In other words, The Liars Club is once again open for business, courtesy of our own government. Isn't this how we got into this mess? It sounds dangerously like a government sponsored Subprime loan.
Here is an excerpt of some of the "Hope for Homeownership Improvements":
Raises maximum loan to value (LTV) from 90% to 93% for borrowers above a 31% mortgage debt to income (DTI) ratio or above a 43% ratio
Eliminates government profit sharing of appreciation over market value of home at time of refi. Retains government declining share (from 100% to 50% after five years) of equity created by the refi, to be paid at time of sale or refi as an exit fee
And my personal favorite:
Administrative simplification: (a) eliminates borrower certifications regarding not intentionally defaulting on any debt, (b) eliminates special requirement to collect 2 years of tax returns, (c) eliminates originator liability for first payment default, (d) eliminates March 1, 2008 31% DTI test, (e) eliminates prohibition against taking out future second loans, (f) requires Board to make documents, forms, and procedures conform to those under normal FHA loans to the maximum extent possible consistent with statutory requirements.
Here is the proposed language for the Home Buyer Stimulus program (Good news!):
Requires Treasury to develop a program, outside of the TARP, to stimulate demand for home purchases and clear inventory of properties, including through ensuring the availability of affordable mortgages rates for qualified home buyers. In developing such program, Treasury may take into consideration impact on areas with highest inventories of foreclosed properties. The program will be executed through the purchase of mortgages and MBS using funding under HERA.
In developing such program, Treasury shall provide mechanisms to ensure availability of such reduced rate loans through financial institutions that act as either originators or as portfolio lenders.
Treasury shall make the affordable rates available under this program available in connection with Hope for Homeowner refinancing program.
Click Here for H.R. 384 "TARP Reform and Accountability Act of 2009"
Manager's Amendment
Short Summary of Manager's Amendment
Long Summary of Manager's Amendment
Click Here for Summary of Amendments
NOTE:
Still, there is the legal question of performing surgery on the principle for loan modifications. The following is a quote from Congressional testimony that proposes the use of Eminent Domain to buy mortgages for loan modification principle reduction. I find the thought pretty scary, but at this point it was only discussed in testimony before Congress - that's all. Messy, messy, messy can of worms. It bears watching closely:
"In testimony before Congress on Jan. 13, John Taylor, president and chief executive of the National Community Reinvestment Coalition (NCRC), proposed using the doctrine of Eminent Domain as the legal basis for the government to buy 3 million to 5 million home loans at a 30% to 35% discount from homeowners who still have jobs and are good credit risks. That would allow the principal on these mortgages to be reduced so that families can afford to stay in their homes."
Stay tuned.
News Highlights: Top Equities Stories Of The DayLast update: 1/21/2009 8:00:30 AM
TOP STORIES
INTEL CEO SAYS CAN'T RULE OUT 1Q LOSS
Intel chief executive told employees last week that conditions are so uncertain in the 1Q that he could not rule out reporting a loss. The chip maker has not reported a net loss since 1986.
US STOCKS TIPPED FOR MODEST RECOVERY
U.S. equities are expected to open slightly higher Wednesday as a modest early recovery from Tuesday's sharp falls was predicted.
UNITED TECHNOLOGIES RISES ON AEROSPACE STRENGTH
United Technologies posts an 8% increase in fourth-quarter net income at $1.15 billion, or $1.23 a share as positive results from its aerospace division more than offset a slide at its Carrier business.
BANK OF NEW YORK POSTS $1.2B WRITE-DOWN
Bank of New York Mellon abruptly announces its 4Q earnings two days ahead of schedule, posting $1.2 billion in unrealized losses even as the firm seeks to ease investors' fears.
IBM PROFIT RISES 12%; ISSUES STRONG '09 VIEW
IBM reports net income of $4.43 billion, or $3.28 a share, while revenue falls 6.4% to $27.01 billion. Analysts expected EPS of $3.03 on revenue of $28.15 billion. Shares rise 4% late as the computer giant issues a 2009 earnings view above analysts' estimates.
NEW PRESIDENCY RISES UNDER FALL OF RECESSION
With President Barack Obama's first day on the job, the financial uncertainty facing his presidency made itself felt. The markets continue to fall, worst inauguration-day performance in history, amid fresh signs of trouble among the nation's banks.
CITIGROUP CEO, OTHERS DECLINE INCENTIVES
Citigroup's Vikram Pandit, Chairman Sir Winfried Bischoff and Chief Financial Officer Gary Crittenden decide not to be considered for recently approved incentive or retention awards.
BLACKROCK NET FALLS ON MARKET DOWNTURN
BlackRock net earnings plunge 84% in fourth-quarter to $53 million, or 40 cents a share on performance fees as steep declines in the global equity markets cut into assets under management. Shares fall 3% premarket.
CRUDE DOWN WITH SHARES, FOCUS ON ECONOMY
Oil futures broadly stable as participants looked to key U.S. supply data Thursday to gauge future price direction, but the market continued to fret about slowing oil consumption and turmoil across financial markets.
BANKS, FIRMS SEEK BIGGER ROLE IN INFRASTRUCTURE
In a report due out today, a group of firms and banks, including Morgan Stanley, Credit Suisse and The Carlyle Group, say $180 billion of private capital is available for investment in highways, airports and other transportation infrastructure.
CHRYSLER-FIAT DEAL NEEDS US LOANS
Chrysler has found an international partner in Fiat SpA but the auto maker isn't out of the woods, mainly because the deal is contingent on Chrysler getting $3 billion in additional government loans, say people familiar with the pact.
ERICSSON NET PROFIT DIPS 31%, TO CUT JOBS
Shares in Sweden's Ericsson rise sharply as it reports better than expected fourth-quarter sales, but posts a 31% drop in net profit on restructuring costs and a lower contribution from Sony Ericsson.
US CHAIN STORE SALES UP 1.1%
ICSC and Goldman Sachs Retail Chain Store Sales Index increases 1.1% in the week to January 17 from its level a week before, on a seasonally-adjusted, comparable store basis
PENSION FUNDS SEE PROPERTY INVESTMENTS SOUR
Real-estate investments by pension funds and other big investors lost a record 11% of their value in the fourth quarter of 2008, with market participants saying that values are almost certain to fall further,
BOE MULLS MONEY SUPPLY INCREASE
The Bank of England is preparing to increase the broad money supply to ensure growth doesn't slow so much that inflation falls sharply below target, BOE Governor Mervyn King says.
PIMCO QUITS GM BONDHOLDER GROUP
Pacific Investment Management has resigned from an investor committee negotiating with General Motors in a debt-for-shares exchange, Bloomberg News reports. Pimco is among the biggest holders of GM bonds.
EUROPEAN SHARES FALL AS BANKS SLIDE AGAIN
The financial sector is hit once again in Europe, with most lenders falling sharply as investors continued to fret that governments will be forced to step in and nationalize ailing lenders.
ISRAEL SAYS GAZA STRIP PULLOUT COMPLETED
Israeli soldiers complete their withdrawal from the Gaza Strip after a 22-day offensive against the Islamist Hamas movement, an army spokesman says.
PROSECUTORS FOCUS ON MADOFF POINT MAN
As a key lieutenant to money manager Bernard Madoff for more than 30 years, Frank DiPascali Jr. says he headed stock-options trading and was the point man for investment-advisory clients. Now, he is a potential point man in the investigation of an alleged Ponzi scheme.
ECB'S TRICHET SAYS NO THREAT OF DEFLATION
Euro-zone inflationary pressures are diminishing, but there is currently no threat of deflation, European Central Bank President Jean-Claude Trichet says.
BHP SHEDS 6% OF WORKERS AS DEMAND SLUMPS
BHP Billiton says it will shed around 6% of its global workforce, shut an Australian nickel mine, and cut coal output in response to low commodity prices. Earlier, Rio Tinto announced a further 6% reduction in aluminum production at its Alcan operations.
HYPO RE SAYS GOVERNMENT UPS GUARANTEE
Troubled German property financier Hypo Real Estate says the federal government has increased the state guarantee for bonds issued by the company by $15.5 billion.
SOCIETE GENERALE SAYS SHOULD BREAK EVEN IN 4Q
French bank Societe Generale says it should break even in the 4Q as worsening market conditions hamper its equity derivatives business. Separately, the French government gives banks until the end of August to benefit from a second round of financial support.
BARCLAYS, LLOYDS SHARES TUMBLE ON RESULTS FEARS
Shares in Barclays fall to a 20-year low, after a newspaper report said that the U.K. bank was under intense pressure to bring forward its full-year results. Meanwhile, shares in Lloyds Banking Group are also sharply lower.
OBAMA SEEKS SUSPENSION OF GUANTANAMO CASES
President Barack Obama has ordered prosecutors to seek a suspension of military trials at the controversial camp at Guantanamo Bay, documents due to go before judges today show.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
IN THE MONEY
Market Downturn Fuels Active-Passive Debate In recent months, tens of billions of dollars have flowed out of actively-managed investment vehicles. Aside from money-market funds, chief beneficiaries have been funds whose composition mimics an index -- so-called passive investments, Michael A. Pollock says.
HEARD ON THE STREET
Japan's Regional Banks Line Up For Cash In a world of bank bailouts and nationalizations, Japan has mainly been a spectator. Until now. Japan's regional banks need cash, writes James Simms.
============ U.S. MARKETS ACTION ===========
DJIA 7949.09 from Tuesday
NASDAQ 1440.86 from Tuesday
S&P 500 805.22 from Tuesday
10-year T-note 111 23/32 at 2.400 yield dn .044
NYMEX Crude up $0.70 at $41.54/bbl
Euro/Dollar up 0.0008 at 1.2912
(END) Dow Jones Newswires
Our thoughts and prayers go out to you and your family.
News Highlights: Top Equities Stories Of The DayLast update: 1/21/2009 8:00:30 AM
TOP STORIES
INTEL CEO SAYS CAN'T RULE OUT 1Q LOSS
Intel chief executive told employees last week that conditions are so uncertain in the 1Q that he could not rule out reporting a loss. The chip maker has not reported a net loss since 1986.
US STOCKS TIPPED FOR MODEST RECOVERY
U.S. equities are expected to open slightly higher Wednesday as a modest early recovery from Tuesday's sharp falls was predicted.
UNITED TECHNOLOGIES RISES ON AEROSPACE STRENGTH
United Technologies posts an 8% increase in fourth-quarter net income at $1.15 billion, or $1.23 a share as positive results from its aerospace division more than offset a slide at its Carrier business.
BANK OF NEW YORK POSTS $1.2B WRITE-DOWN
Bank of New York Mellon abruptly announces its 4Q earnings two days ahead of schedule, posting $1.2 billion in unrealized losses even as the firm seeks to ease investors' fears.
IBM PROFIT RISES 12%; ISSUES STRONG '09 VIEW
IBM reports net income of $4.43 billion, or $3.28 a share, while revenue falls 6.4% to $27.01 billion. Analysts expected EPS of $3.03 on revenue of $28.15 billion. Shares rise 4% late as the computer giant issues a 2009 earnings view above analysts' estimates.
NEW PRESIDENCY RISES UNDER FALL OF RECESSION
With President Barack Obama's first day on the job, the financial uncertainty facing his presidency made itself felt. The markets continue to fall, worst inauguration-day performance in history, amid fresh signs of trouble among the nation's banks.
CITIGROUP CEO, OTHERS DECLINE INCENTIVES
Citigroup's Vikram Pandit, Chairman Sir Winfried Bischoff and Chief Financial Officer Gary Crittenden decide not to be considered for recently approved incentive or retention awards.
BLACKROCK NET FALLS ON MARKET DOWNTURN
BlackRock net earnings plunge 84% in fourth-quarter to $53 million, or 40 cents a share on performance fees as steep declines in the global equity markets cut into assets under management. Shares fall 3% premarket.
CRUDE DOWN WITH SHARES, FOCUS ON ECONOMY
Oil futures broadly stable as participants looked to key U.S. supply data Thursday to gauge future price direction, but the market continued to fret about slowing oil consumption and turmoil across financial markets.
BANKS, FIRMS SEEK BIGGER ROLE IN INFRASTRUCTURE
In a report due out today, a group of firms and banks, including Morgan Stanley, Credit Suisse and The Carlyle Group, say $180 billion of private capital is available for investment in highways, airports and other transportation infrastructure.
CHRYSLER-FIAT DEAL NEEDS US LOANS
Chrysler has found an international partner in Fiat SpA but the auto maker isn't out of the woods, mainly because the deal is contingent on Chrysler getting $3 billion in additional government loans, say people familiar with the pact.
ERICSSON NET PROFIT DIPS 31%, TO CUT JOBS
Shares in Sweden's Ericsson rise sharply as it reports better than expected fourth-quarter sales, but posts a 31% drop in net profit on restructuring costs and a lower contribution from Sony Ericsson.
US CHAIN STORE SALES UP 1.1%
ICSC and Goldman Sachs Retail Chain Store Sales Index increases 1.1% in the week to January 17 from its level a week before, on a seasonally-adjusted, comparable store basis
PENSION FUNDS SEE PROPERTY INVESTMENTS SOUR
Real-estate investments by pension funds and other big investors lost a record 11% of their value in the fourth quarter of 2008, with market participants saying that values are almost certain to fall further,
BOE MULLS MONEY SUPPLY INCREASE
The Bank of England is preparing to increase the broad money supply to ensure growth doesn't slow so much that inflation falls sharply below target, BOE Governor Mervyn King says.
PIMCO QUITS GM BONDHOLDER GROUP
Pacific Investment Management has resigned from an investor committee negotiating with General Motors in a debt-for-shares exchange, Bloomberg News reports. Pimco is among the biggest holders of GM bonds.
EUROPEAN SHARES FALL AS BANKS SLIDE AGAIN
The financial sector is hit once again in Europe, with most lenders falling sharply as investors continued to fret that governments will be forced to step in and nationalize ailing lenders.
ISRAEL SAYS GAZA STRIP PULLOUT COMPLETED
Israeli soldiers complete their withdrawal from the Gaza Strip after a 22-day offensive against the Islamist Hamas movement, an army spokesman says.
PROSECUTORS FOCUS ON MADOFF POINT MAN
As a key lieutenant to money manager Bernard Madoff for more than 30 years, Frank DiPascali Jr. says he headed stock-options trading and was the point man for investment-advisory clients. Now, he is a potential point man in the investigation of an alleged Ponzi scheme.
ECB'S TRICHET SAYS NO THREAT OF DEFLATION
Euro-zone inflationary pressures are diminishing, but there is currently no threat of deflation, European Central Bank President Jean-Claude Trichet says.
BHP SHEDS 6% OF WORKERS AS DEMAND SLUMPS
BHP Billiton says it will shed around 6% of its global workforce, shut an Australian nickel mine, and cut coal output in response to low commodity prices. Earlier, Rio Tinto announced a further 6% reduction in aluminum production at its Alcan operations.
HYPO RE SAYS GOVERNMENT UPS GUARANTEE
Troubled German property financier Hypo Real Estate says the federal government has increased the state guarantee for bonds issued by the company by $15.5 billion.
SOCIETE GENERALE SAYS SHOULD BREAK EVEN IN 4Q
French bank Societe Generale says it should break even in the 4Q as worsening market conditions hamper its equity derivatives business. Separately, the French government gives banks until the end of August to benefit from a second round of financial support.
BARCLAYS, LLOYDS SHARES TUMBLE ON RESULTS FEARS
Shares in Barclays fall to a 20-year low, after a newspaper report said that the U.K. bank was under intense pressure to bring forward its full-year results. Meanwhile, shares in Lloyds Banking Group are also sharply lower.
OBAMA SEEKS SUSPENSION OF GUANTANAMO CASES
President Barack Obama has ordered prosecutors to seek a suspension of military trials at the controversial camp at Guantanamo Bay, documents due to go before judges today show.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
IN THE MONEY
Market Downturn Fuels Active-Passive Debate In recent months, tens of billions of dollars have flowed out of actively-managed investment vehicles. Aside from money-market funds, chief beneficiaries have been funds whose composition mimics an index -- so-called passive investments, Michael A. Pollock says.
HEARD ON THE STREET
Japan's Regional Banks Line Up For Cash In a world of bank bailouts and nationalizations, Japan has mainly been a spectator. Until now. Japan's regional banks need cash, writes James Simms.
============ U.S. MARKETS ACTION ===========
DJIA 7949.09 from Tuesday
NASDAQ 1440.86 from Tuesday
S&P 500 805.22 from Tuesday
10-year T-note 111 23/32 at 2.400 yield dn .044
NYMEX Crude up $0.70 at $41.54/bbl
Euro/Dollar up 0.0008 at 1.2912
(END) Dow Jones Newswires
Hmmm, puckerboy rings a bell ...
http://ragingbull.quote.com/mboard/boards.cgi?board=PAVP&read=30679
Kool aid was over there as per this trader ...
http://ragingbull.quote.com/mboard/boards.cgi?board=PAVP&read=30720
Another was PAVP, ProActive Computer Services .
Have a great evening.