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Baidu Clinches Mobile Search For China Unicom

Wed, 21 Oct 2009 13:58:17 GMT

Baidu, Inc., the leading Chinese language Internet search provider, today announced it has entered into a strategic partnership with China Unicom (Hong Kong) Limited to provide wireless search for China Unicom’s 3G mobile subscribers.[More...]

CHU Reports, Seals iPhone Deal

Mon, 31 Aug 2009 17:25:43 GMT

China Unicom (CHU) has announced interim 2009 results with reported net income of RMB6.6 billion (US$970 billion) or RMB0.28 per share, down 42.1% compared to RMB12.1 billion (US$1.8 billion) or RMB0.51 per share reported in the corresponding period a year-ago. This significant year-over-year decline in profitability is due to erosion in fixed-line revenue, higher marketing and capital expenditures associated with deployment and expansion of 3G wireless services, and intense domestic competition. Capital spending for expansion of its 3G network grew 17.1% year over year to RMB10.1 billion (US$1.5 billion) during the first-half of 2009 while associated marketing expenses increased 6.6% to RMB9.7 billion (US$1.4 billion).[More...]

Dell (Nasdaq: DELL) Launching a Phone?

Tue, 11 Aug 2009 13:31:08 GMT

With a failing PC business, Dell Inc. (DELL) now plans to enter the mobile phone market. Rumor has it that Dell will launch its first mobile phone -- in the Chinese market exclusively -- within the next two days. Not much information is known about the phone, either on the hardware or the software front, but according to some sources, it will be like an iPhone with a large touch-screen and without a physical keyboard. The phone is anticipated to be based on Google’s (GOOG) Android operating system with either China Mobile (CHA) or China Unicom ([More...]

Starnet Networks (STAR) 3G Player with 4G Potential

Wed, 29 Apr 2009 18:54:30 GMT

It really has been a struggle to find new opportunities that have real growth potential to them; it seems much of the lauded U.S. "industry creation" must be happening in the private side as finding solid public companies, that can sustain growth at 25%+ has been difficult for a long while. I've been interested in the tech space here for a few weeks, but most of the names blasting off are names coming out of cyclical troughs - as I've said most of the technology space is an over hyped "industrial" theme, but covered in silicon to make it sexy. Most of the real growth is centered in just a few larger names that everyone knows... One idea I've been sitting on for a few weeks is Starnet Networks[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report for Thursday, Mar 5, 2009

Thu, 05 Mar 2009 14:05:00 GMT

Daily Report for Thurs., Mar. 5, 2009 (7:57am ET) Equity markets made steady progress on Wednesday as Energy (XLE +4.8%) and Basic Material (XLB) stocks rallied from the opening bell, giving traders hope that an upside move was about to commence. By the end of the session, the DJIA (+149.82 +2.23% to 6875.84, still down from Friday’s 7062.93 close); the S&P 500 (+16.54 +2.38% to 712.87, still down from Friday’s 735.09); and the NASDAQ Composite (+32.73 +2.48% to 1353.74, still down from 1377.84) showed promise. The Canadian markets were also firm as the Toronto Composite gained +183.13 +2.40% to 7814.75 (down from Friday’s 8123.02 close), while the Venture Board gained just +6.88 +0.83% to 830.95 (down from Friday’s 861.66). Earlier in the day today, Asia-Pacific equity markets were mixed: Australia (+0.73% to 3148.8); Japan (+1.95% to 7433.5); and Shanghai China (+1.04% to 2221.1) were strong, whereas Hong[More...]

Daily Report for Thurs., Feb. 19, 2009

Thu, 19 Feb 2009 14:02:00 GMT

(9:44am ET) In one of the narrowest ranging trade sessions of the past year, active traders became frustrated at their inability to act. By the end of the day, the S&P 500 (-0.75 -0.10% to 788.42), DJIA (+3.03% to 7555.63), and NASDAQ Composite (-2.69 -0.18% to 1467.97) were all very quiet. The big sector winner, Consumer Staples (XLP +0.53%) hardly moved, while the big loser by far was Utilities (XLU -1.51%) was down just a bit. The Toronto Composite (-202.75 -2.42% to 8175.95) did plunge, while the Venture Board (-3.34 -0.36% to 915.82) pulled back a bit. Earlier in the day today, at 7:34am ET, the European bourses were quiet. The French CAC (-0.33%), the German DAX (+0.24%), and the UK FTSE 100 (-0.11%) had hardly moved. Today also, the Asia-Pacific equity markets were quiet Australia (+0.92% to 3398.0), Nikkei 225 (+0.31% to 7557.7), Shanghai (+0.78% to 2227.1), Hong Kong (+0.06% to[More...]

Mayor Calls CHA 'Embarrassment'

Tue, 03 Nov 2009 16:50:00 GMT

Nov. 3--Mayor Ron Littlefield has called the Chattanooga Housing Authority "an embarrassment" to the city and said its conduct "continues to defy common sense."
The mayor expressed those feelings in an Oct. 15 letter to the U.S. Department of Housing and Urban Development.
"The unprofessional conduct of the housing authority continues to defy common sense and has become an embarrassment to our city," he wrote in the letter addressing the expansion at Fairmount Avenue Apartments.

[More...]

Starent Networks is in Growth Mode

Tue, 29 Sep 2009 19:09:00 GMT

Sep. 29--TEWKSBURY -- Starent Networks Inc., a fast-growing maker of gear used by wireless carriers to offer enhanced voice and data services, has agreed to more than double its space at Ames Pond Corporate Center.
"We've been busting at the seams," said Mike Messier, Starent's vice president of global human resources.
Messier said the company now has 288 people and occupies about 90,000 square feet between Ames Pond and its corporate headquarters down the road at 30 International Place.

[More...]

CHA Discusses Mayfair on Market

Mon, 28 Sep 2009 13:48:00 GMT

Sep. 28--DOC: 9-28-09 Public Hearing Agy Plan rev.
Nearly a year after the Chattanooga Housing Authority was cited in a lawsuit for defaulting on the Mayfair on Market project, CHA officials say they expect to reach an agreement today with the development partners.
According to the agenda for a CHA meeting today, the board will consider approval of a settlement with the 700 Block Development Project, the group that was going build the Mayfair on Market project.

[More...]

Crowd Enjoys Watermelon Festival Despite Oppressive Heat

Mon, 10 Aug 2009 07:48:00 GMT

Aug. 10--Charlie, a 7-month-old boxer, may have had the best seat along West Cary Street yesterday.
The young yet stocky pooch immersed herself in a small, round swimming pool filled with water during the 26th Carytown Watermelon Festival.
Temperatures reached a high of 97 degrees, with the heat index even higher.

[More...]

China to spend reserves to grow overseas

Tue, 21 Jul 2009 23:45:00 GMT

China to spend reserves to grow overseas[More...]

Public Housing Utility Costs Rise

Sat, 04 Jul 2009 13:48:00 GMT

Jul. 4--Chattanooga Housing Authority officials plan to decrease public housing residents' utility allowance and charge a $20 fee to residents who have air conditioning.
Mr. Holmes said it's the first change in utility rates from the housing authority in about five or six years.
The U.S. Department of Housing and Urban Development allows each unit an amount of utility usage at no cost to the resident, but if the resident goes over that cost, then the resident has to pay the difference, said Bill Lord, CHA's chief information officer.

[More...]

BRIEF: CHA Expected to Get $6.3 Million Stimulus Money

Tue, 31 Mar 2009 22:55:00 GMT

Mar. 31--The Chattanooga Housing Authority will receive $6.35 million in federal stimulus money, but it can't be used to pay back the authority's $4.5 million debt, CHA officials said.
The money, given under the American Recovery & Reinvestment Act of 2009, is expected to be available to the housing authority next month, officials said.
On Tuesday, CHA board members also approved a contract that may lead to the sale of Gurley Street Apartments.

[More...]

Making a Difference

Tue, 03 Mar 2009 20:49:00 GMT

Mar. 3--Pat Miller is not only a resident of Columbia public housing, she is also a dedicated and consistent volunteer of the area's food pantry.
To help fight this situation, the Columbia Housing Authority has partnered with the Central Missouri Food Bank and opened the Annie Fisher Food Pantry to accommodate the 650-plus CHA families.
"She does everything and anything that is needed to make this volunteer-driven food pantry work," says Ron Schmidt, director of resident services.

[More...]

RiverCity Should Get 700 Block Site Back, Replies Firm Hit in Suit

Wed, 07 Jan 2009 15:51:00 GMT

Jan. 7--RiverCity Co. has no right to reclaim property on the 700 block of Market Street in downtown Chattanooga, according to a company that had planned condominiums on the site in answer to a lawsuit.
The company, 700 Block Development Partners LLC, meanwhile has brought the Chattanooga Housing Authority into the lawsuit, saying CHA's failure to turn over funds for the project is a cause of its having ground to a halt.
RiverCity, the nonprofit downtown redevelopment group, sued 700 Block Development and another entity, Rose & Crown LLC, in November and is seeking to regain ownership of the property.

[More...]

Chattanooga: Despite City Aid, Tenants Still Missing

Wed, 03 Dec 2008 15:51:00 GMT

Dec. 3--Chattanooga downtown boosters thought they had a plan to revitalize a core block of the central city.
But a decade after the RiverCity Co. bought part of the 700 block of Market Street -- and three years after transferring the site to a private developer -- the downtown development group still is waiting for the development, dubbed Mayfair on Market, on the fenced-off construction site.
Three blocks away from the stalled Mayfair on Market, another condo project, Renaissance Square on M.L. King Boulevard, has only one tenant, although it opened more than a year ago.

[More...]

Halter USX China Index Up 10.59% for Third Quarter 2009

Wed, 30 Sep 2009 21:46:00 GMT

For the third quarter of 2009, the Halter USX China Index (NYSE Arca: HXC) was up 10.59%.
During the same period, the Dow Jones Industrial Average increased 14.98% and the NASDAQ increased 15.66%.
HXC is also pleased to announce the inclusion of 20 new constituents to its existing index of China-focused, U.S. listed companies including: China Auto Logistics, Inc. (NASDAQ: CALI) an importer, seller, and trader of automobiles; China Integrated Energy, Inc (NASDAQ: CBEH) which engages in the development, exploration, production, and distribution of bio-diesel; China GrenTech Corporation Limited (NASDAQ: GRRF) that is a manufacturer and seller of wireless coverage products and services; China Marine Food Group Limited (AMEX: CMFO) that engages in the processing, distribution, and sale of processed seafood products; China Mass Media Corp. (NYSE: CMM) which operates as an independent television advertising company; China Natural Gas, Inc. (NASDAQ: CHNG) a distributor and seller of natural gas and gasoline to commercial, industrial, and residential customers; China North East Petroleum Holdings Limited (AMEX: NEP) which engages in the exploration and production of crude oil; China Ritar Power Corp. (NASDAQ: CRTP) a designer, developer, manufacturer, and seller of lead-acid batteries; Deer Consumer Products, Inc. (NASDAQ: DEER) which designs, manufactures, and sells home and kitchen electronic appliances; Harbin Electric, Inc. (NASDAQ: HRBN) that engages in the design, development, manufacture, supply, and service of various electric motors; Mindray Medical International Limited (NYSE: MR) which develops, manufactures, and markets medical devices worldwide; NIVS IntelliMedia Technology Group, Inc. (AMEX: NIV) a designer, manufacturer, marketer, and seller of audio and video consumer products; RINO International Corporation (NASDAQ: RINO) that is engaged in the business of environmental protection and remediation; SinoHub Inc. (AMEX: SIHI) which engages in electronic component sales and electronic component supply chain management (SCM) services; Tongxin International Limited (NASDAQ: TXIC) that designs, develops, manufactures, sells, and services engineered vehicle body structures (EVBS) for light, medium, and heavy duty trucks, and light vehicles; Universal Travel Group (AMEX: UTA) a domestic and international airline ticketing service provider, and cargo transportation agency; Changyou.com Limited (NASDAQ: CYOU) which develops and operates online games; Skystar Bio Pharmaceutical Company (NASDAQ: SKBI) that engages in the development, manufacture, and distribution of medicines, vaccines, and other health care and medical care products for poultry, livestock, and domestic pets; Telestone Technologies Corporation (NASDAQ: TSTC) which provides wireless communications coverage solutions; Tianyin Pharmaceutical Company, Inc. (AMEX: TPI) a developer, manufacturer, marketer, and seller of traditional Chinese medicines and other pharmaceuticals; Wuhan General Group, Inc. (NASDAQ: WUHN) which engages in the design, development, manufacture, and sale of industrial blowers for steam-driven electrical power generation plants; and China Agritech, Inc. (NASDAQ: CAGC) which manufactures and sells organic liquid compound fertilizers and related agricultural products.

[More...]

The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition

Wed, 02 Sep 2009 19:47:00 GMT

PHILADELPHIA, Sept. 2 /PRNewswire-FirstCall/ -- The Emerging Markets Telecommunications Fund, Inc. (the "Fund") (NYSE AMEX: ETF), a closed-end equity fund, announced today its performance data and portfolio composition as of July 31, 2009.
(All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.

[More...]

China Telecom Launches First China-India Terrestrial Cable Transmission System

Wed, 26 Aug 2009 11:55:00 GMT

China Telecom Americas, the largest international subsidiary of China Telecom Corporation Limited , announced that its parent company has launched the first terrestrial broadband cable transmission system between China and India.[More...]

Halter USX China Index Up 40.88% for Second Quarter 2009

Tue, 30 Jun 2009 22:10:00 GMT

For the second quarter of 2009, the Halter USX China Index (NYSE Arca: HXC) was up 40.88%.
During the same period, the Dow Jones Industrial Average increased 11.01% and the NASDAQ increased 20.05%.
HXC is also pleased to announce the inclusion of 19 new constituents to its existing index of China-focused, U.S. listed companies including: Qiao Xing Universal Telephone (NASDAQ: XING) which designs, manufactures, and sells telecommunication terminals and equipment; Xinhua Sports & Entertainment Limited (NASDAQ: XSEL) which engages in the production of television programs, the placement of advertising, the provision of advertising services, market research, and the publication of magazines with a focus on sports and entertainment; China INSOnline Corp.(NASDAQ: CHIO) which operates as an Internet service and media company; China Housing and Land Development, Inc. (NASDAQ: CHLN) which engages in the acquisition, development, management, and sale of commercial and residential real estate properties; China Infrastructure Investment (NASDAQ: CIIC) which engages in the investment, construction, operation, and management of the Pinglin Expressway toll road; China TransInfo Technology Corp (NASDAQ: CTFO) which provides public transportation information systems technology and solutions; Origin Agritech Limited (NASDAQ: SEED) which engages in the research, development, production, sale, and distribution of hybrid crop seeds; Hurray!

[More...]

Canadian National Stock Exchange - Stock Split - Chava Resources Ltd. (CHA)

Wed, 17 Jun 2009 14:53:00 GMT

CNSX Bulletin 2009-0605 TORONTO, June 17 /CNW/ - Chava Resources Ltd. has announced that it plans to subdivide its outstanding share capital on the basis of two new shares for each existing share held. The stock split is being conducted via the "push-out" method. The shares in Chava Resources will begin trading on a split basis at the open on Thursday, June 18, 2009. Upon completion of the split, there will be 18,880,000 shares issued and outstanding.[More...]

Baidu Provides Wireless Search for China Telecom 3G Subscribers

Mon, 18 May 2009 13:11:00 GMT

Baidu, Inc. , the leading Chinese language Internet search provider, today announced it has entered a strategic partnership arrangement with China Telecom Corporation Limited to provide wireless search for China Telecom's 3G mobile phone subscribers.[More...]

China Telecom Promotes "Better City, Better Life" Through Sponsorship of the World Expo 2010 in Shanghai, China

Sun, 17 May 2009 22:55:00 GMT

China Telecom Americas, the largest international subsidiary of China Telecom Corporation Limited , announces on World Telecoms Day, its parent company's involvement in the World Expo 2010 Shanghai, China, scheduled for May 1 - October 10, 2010. China Telecom is an official sponsor of the Shanghai Expo. In addition, Shanghai Branch, a subsidiary of China Telecom has signed agreements with the Shanghai municipal government to invest 26 billion Yuan within two years to boost the city's economy and construct IT infrastructure for the World Expo 2010.[More...]

UTStarcom Selected to Deliver First Mobile TV System in Hainan Province

Fri, 17 Apr 2009 00:55:00 GMT

UTStarcom's First Large Scale Mobile IPTV Deployment in China[More...]

Halter USX China Index Announces First Quarter 2009 Results and Adds New Constituents - Mar 31 2009 8:21PM

Wed, 01 Apr 2009 00:16:00 GMT

For the first quarter of 2009, the Halter USX China Index (Amex: HXC) was down 1.18%.
During the same period, the Dow Jones Industrial Average decreased 13.3% and the NASDAQ decreased 3.07%.
HXC is also pleased to announce the inclusion of two new constituents to its existing index of China-focused, U.S. listed companies including: China Techfaith Wireless Communication Technology Ltd. (NASDAQ: CNTF) which is a product provider focused on research and development of cell phone solutions, and Linktone Ltd. (NASDAQ: LTON) which provides entertainment-oriented telecom services to mobile phone users over mobile telecommunications networks.

[More...]

Sage Communications Wins Three New Clients, Expands Technology Practice

Mon, 02 Mar 2009 11:56:00 GMT

VIENNA, VA -- -- 03/02/09 -- Sage Communications, one of the fastest growing full-service marketing communications firms in the Greater Washington D.C. area specializing in the technology, government and healthcare markets, today announced the addition of three new clients. Sage will apply a wide breadth and depth of marketing communications and public relations experience in the technology industry to China Telecom Americas, GigaTrust and NexAira, Inc.[More...]