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Biostar Raises $3.6 Million

Fri, 06 Nov 2009 17:26:18 GMT

Biostar Pharmaceuticals has completed a private placement that raised $3.6 million in new capital. Biostar will use the proceeds to complete its new raw materials processing facility. By taking its raw material production in house, Biostar will lower costs and ensure its product quality. Biostar plans to sell excess raw materials to other pharmaceutical companies in the Shaanxi province.[More...]

Bulls Back On Track?

Fri, 06 Nov 2009 16:21:18 GMT

Good morning. With chants of "Dow 10K… Dow 10K" once again rising from the streets at the corner of Broad and Wall yesterday, it is easy to believe that the bulls are back on track and that we'll soon be looking at new highs for the stock market. And when reviewing the data inputs to yesterday's 204 point romp, it is also easy to don the Dow10K hat once again and join in on the celebration.[More...]

Ford's Main Problem: The UAW's Crippling Job Classifications And Work Rules

Fri, 06 Nov 2009 13:52:50 GMT

Ford's 2,215 page 2007 master contract with the UAW 1941 UAW-Ford contract[More...]

Your Kind of Day?

Thu, 05 Nov 2009 19:06:48 GMT

As a rule, I try not to read too terribly much into a "Fed Day" as there is usually a big batch of volatility that may or may not mean much of anything come the dawn of the next day. Maybe, it's just me. Or maybe there are others that find themselves inclined to simply stand aside and watch the nuttiness from the sidelines on "Fed Days." But in any event, the volatility after a Fed announcement, while fun to watch, may not be telling as to what to expect in the future.[More...]

The Dollar-Proof Portfolio

Thu, 05 Nov 2009 17:31:14 GMT

Don't put off this important piece of the financial-planning process.[More...]

What Investors Should Look for In Today’s Fed Statement

Wed, 04 Nov 2009 13:04:24 GMT

In its continuing efforts to nurture the fragile economic recovery, the U.S. Federal Reserve is widely expected to leave interest rates at record lows when it concludes its meeting today (Wednesday).[More...]

Are Discount Brokers Shares Worth Owning?

Wed, 04 Nov 2009 01:28:03 GMT

The third quarter was a favorable one for the longs. Except for a few short-lived, minor pullbacks stock prices moved higher through the quarter. Stock price volatility declined, takeover activity rose, and risk appetite improved to help the S&P gain 15%.[More...]

Technology Rises And Buying Facebook

Tue, 03 Nov 2009 16:54:11 GMT

Technology stocks have done well this year. The Technology Select Sector SPDR (XLK) bottomed out in March and by late October was up more than 60%. Tech has performed better than any other sector year-to-date – up 33.7% as of Friday’s close.[More...]

Buffett Gets His Cheque Book Out

Tue, 03 Nov 2009 16:17:34 GMT

Given the slew of positive economic data Monday you might have been forgiven for expecting a decent rebound in risk assets. There was a rebound of sorts in early New York trading, with the Dow up close to 150 points at one stage.[More...]

Five Ways To Ride The Commodities Bull

Tue, 03 Nov 2009 15:21:07 GMT

Commodity prices have faltered in the last couple of weeks, and much of the “smart money” is saying the boom is over. Don’t believe it.[More...]

Pickens Says Interest in Energy Plan Growing

Tue, 20 Oct 2009 16:47:00 GMT

Oct. 20--More than a year after introducing a grand scenario for reshaping America's energy infrastructure and breaking the proverbial addiction to oil, Texas oil billionaire T. Boone Pickens is still trying to get the rest of us to see what he sees.
And he thinks he is making progress.
Second, he is being invited as a speaker, at $125,000 per appearance, to talk about his singular focus, the Pickens Plan.

[More...]

Daily Mail, London, Market Report Column

Wed, 09 Sep 2009 19:49:00 GMT

Sep. 9--Mergers and acquisitions seem to be firmly back on the agenda after the summer break and City analysts, caught on the hop by Kraft's surprise move on Cadbury, were keen to second guess who might be the next predator or target.
Analyst Ian Shackleton said: "We see many of the Cadbury deal rationales cited by Kraft have relevance for some operators in global beer."
Moving sector, Freddie George at Seymour Pierce believes the Cadbury approach could flush out cross-border deals on the high street.

[More...]

Evening Standard, London, Market Report Column

Thu, 27 Aug 2009 19:49:00 GMT

Aug. 27--Lady luck has been a cruel mistress to gaming group 888 recently.
The internet bingo, poker and casinos group posted a 43 percent plunge in pre-tax profits today as gamblers reduced their stakes and the frequency of visits to 888's sites.
The results left investors keen to pocket profits after a strong run in the past week, sending its shares diving 7.1p to 87.25p to leave it the biggest dud among mid-caps.

[More...]

Diageo full year net profit up 7 pct

Thu, 27 Aug 2009 17:51:00 GMT

LONDON - Diageo PLC, the world's biggest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting from favorable currency exchange rates and cost-cutting amid weaker demand for many of its key products.
The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness stout cut its profit target for the current year because of concerns about the strength of an economic recovery - but also stressed that it believed the worst was over.
"Even in a global recession, Diageo can pull in billions of pounds in pure profit," McCluskey said.

[More...]

Spirits maker Diageo full year net profit up 7 pct

Thu, 27 Aug 2009 10:50:00 GMT

LONDON - Diageo PLC, the world's largest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting from favorable currency exchange rates and cost-cutting amid weaker demand for many of its key products.
The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness stout cut its profit target for the current year because of concerns about the strength of an economic recovery - but also stressed that it believed the worst was over.
"Even in a global recession, Diageo can pull in billions of pounds in pure profit," McCluskey said.

[More...]

Diageo full year net profit up 7 percent

Thu, 27 Aug 2009 09:50:00 GMT

LONDON - Diageo PLC, the world's largest spirits maker, posted a 7 percent rise in full-year net profit on Thursday, benefiting largely from positive exchange rate movements and cost-cutting amid weaker demand for many of its key products.
The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness stout cut its profit target for the current year because of concerns about the strength of an economic recovery - but also stressed that it believed the worst was over.
Net profit for the 12 months to June 30 was 1.62 billion pounds ($2.62 billion), up from 1.52 billion pounds a year ago.

[More...]

Diageo full year net profit up 7 percent

Thu, 27 Aug 2009 07:50:00 GMT

LONDON - Diageo PLC, the world's largest spirits maker, posted a 7 percent rise in full-year profit on Thursday, benefiting largely from positive exchange rate movements amid weaker demand for its key products.
The maker of Johnnie Walker whisky, Smirnoff vodka and Guinness stout said net profit for the 12 months to June 30 was 1.62 billion pounds ($2.62 billion), up from 1.52 billion pounds a year ago.
Organic operating profit growth was 4 percent - at the lower end of the company's forecast 4 to 6 percent range.

[More...]

Brewery Executive Fudged Pollution Reports, Feds Say: He Didn't Test Air Emissions at Upper Macungie Facility, Indictment Charges.

Fri, 17 Jul 2009 13:57:00 GMT

Jul. 17--The former environmental and safety manager for a Lehigh County brewery has been charged with violating the federal Clean Air Act by failing to perform routine air emissions tests.
Maurice Lynch also ordered two employees to create false monitoring reports assuring the Pennsylvania Department of Environmental Protection that the Diageo North America plant in Upper Macungie Township was complying with federal emissions standards, federal prosecutors allege.
Lynch, 36, was indicted by a grand jury in Philadelphia and charged Tuesday with one count of submitting false Clean Air Act statements, one count of knowingly violating a permit, one count of obstructing an agency proceeding, and aiding and abetting.

[More...]

Adwalker Placed in Liquidation

Fri, 17 Jul 2009 05:48:00 GMT

THE PUBLICLY-QUOTED marketing company Adwalker has been placed in provisional liquidation after failing to raise additional funding to remain in business.
Adwalker, which developed digital sandwich boards for advertising at entertainment venues and events, raised [euro]1 million when it was floated on London's Alternative Investment Market in 2003.
The Dublin-based firm was established in 2003 by chief executive Simon Crisp and Irish businessman Keith Jordan, who have personally guaranteed borrowings of [euro]250,000 from AIB and are owed [euro]60,000 as creditors.

[More...]

Diageo and Shui Jing Fang Introduce New Vodka in Hong Kong

Fri, 26 Jun 2009 15:50:00 GMT

Diageo, a UK-based alcoholic beverage group, has partnered with Shui Jing Fang, a Chinese white spirit producer, to manufacture a premium vodka called Shanghai White in Hong Kong, revealed Reuters.
According to the news source, the company gave no details about the venture with Shui Jing Fang.
Reuters quoted Kenneth Macpherson, managing director of Diageo Greater China, as saying: "Shanghai White's roots are firmly in Asia, a tribute to the vast and centuries-old distilling heritage found in this region.

[More...]

Nordic American Tanker Shipping Ltd. (NAT)-(NYSE: NAT) Letter to Shareholders From the Chairman and CEO - Dividend Policy Remains Firmly in Place

Tue, 29 Sep 2009 13:50:00 GMT

Nordic American is in an excellent situation in a tanker market which has declined during the last few months primarily due to weakened international economic conditions.
Based on its clean balance sheet and available liquidity resources, Nordic American has a significant upside potential and a limited downside.
SOURCE: Nordic American Tanker Shipping Ltd

[More...]

Ketel One(R) Vodka Offers Unique Experience for Guests During PGA Tour Playoffs for the FedExCup

Wed, 26 Aug 2009 15:51:00 GMT

Ketel One vodka will unveil Club Ketel One during The Barclays, the first event of the PGA TOUR Playoffs for the FedExCup, at Liberty National in Jersey City, NJ. Club Ketel One is an open hospitality area with a contemporary lounge vibe located near the second hole of one of the most unique courses on the PGA TOUR.[More...]

Beaulieu Vineyard(R) Names Jeffrey Stambor Head Winemaker

Mon, 24 Aug 2009 16:14:00 GMT

Beaulieu Vineyard, a leading Cabernet producer in Napa Valley for more than 100 years, announced that Jeffrey Stambor will become head winemaker. He takes over for Joel Aiken, who has been with Beaulieu Vineyard since 1982 and winemaker since 1985.[More...]

Diageo Opens the Doors of Its New $20.2 Million Bottling Facility in Plainfield, IL

Sat, 22 Aug 2009 14:55:00 GMT

Diageo, the world's leading spirits, beer and wine company celebrates the grand opening of the Company's $20.2 million bottling line today at its Plainfield, IL brand technical center and bottling facility. The 44,000 square foot addition will house a new bottling line for Diageo's line of Ready-to-Serve cocktails, including Smirnoff Pomegranate Martini, Smirnoff Mojito, Smirnoff Grand Cosmopolitan, and Smirnoff Tuscan Lemonade.[More...]

Nordic American Tanker Shipping Ltd. - (NYSE: NAT) - Cancellation of Director and Employee Stock Options

Fri, 14 Aug 2009 09:48:00 GMT

HAMILTON, BERMUDA -- -- 08/14/09 --[More...]

Sterling Vineyards(R) Celebrates the Summer of '69

Mon, 10 Aug 2009 16:55:00 GMT

Nixon took office, Led Zeppelin I and Easy Rider were released, Neil Armstrong took the first steps on the moon, Woodstock changed the face of music, Sesame Street debuted and Sterling Vineyards was born. It was 1969, can you dig it?[More...]

Diageo Applauds Michigan Legislature for Working to Strengthen Laws to Combat Underage Drinking

Mon, 10 Aug 2009 15:15:00 GMT

HB 5198 Seeks to Target the Source of Alcohol to Kids by Punishing Adult Providers[More...]

Nordic American Tanker Shipping Ltd. (NYSE: NAT) - Announces Dividend for the 48th Consecutive Quarter - the 2nd Quarter Report of 2009. No Change to Dividend Policy.

Fri, 07 Aug 2009 09:50:00 GMT

Nordic American Tanker Shipping Ltd. ("NAT" or "the Company") today announced its dividend and results for the 2nd quarter of 2009.
The Company will pay a dividend of $0.50 per share on or about September 4, 2009, to shareholders of record as of August 21, 2009.
Non-cash G&A items for the quarter, including one-time costs in connection with the follow-on offering in May 2009, constitute $0.09 per share, resulting in net income of $0.00 per share.

[More...]

'COMEDY CENTRAL Live Starring Mike Birbiglia: I'm in the Future Also' Tour - The Stories Begin August 15 In Newport, RI

Wed, 05 Aug 2009 17:30:00 GMT

'COMEDY CENTRAL Live Starring Mike Birbiglia: I'm in the Future Also' Tour - The Stories Begin August 15 In Newport, RI[More...]

Naturally Advanced Technologies Enters Agreement for the Manufacturing of Crailar Organic Fibers

Wed, 29 Jul 2009 11:00:00 GMT

- Agreement with G. J. Littlewoods & Son, Inc. Enables Crailar Organic Fibers to Project Initial Revenue in the Fourth Quarter of 2009 - PORTLAND, OR, July 29 /CNW/ - Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT) a company committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers, signed an agreement with G.J. Littlewoods & Son, Inc. to manufacture Crailar(R) Organic Fibers for use in commercial products made by apparel companies.[More...]