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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...]

GDF SUEZ, Gulf Investment Corporation Achieve Financial Close on Al Dur Independent Water and Power Project

Sun, 26 Jul 2009 19:46:00 GMT

Jul. 26--Gulf Investment Corporation (GIC) and GDF SUEZ have completed the limited recourse financing of the $2.1 billion Al-Dur Independent Water and Power Producer (IWPP) project (the Project), the largest privately-owned industrial project in Bahrain.
On the 28th of August 2008, the Project was awarded to GDF SUEZ and GIC by the Bahrain Ministry of Finance following an international competitive tendering process.
GIC and GDF SUEZ upheld their commitment to the Government of Bahrain and equally-funded project work, where the Project is presently almost 30% completed and is expected to meet the target completion dates agreed with the Government of Bahrain.

[More...]

The Salt Lake Tribune Rebecca Walsh Column: Walsh: Advocate's Soft Power is Hard to Beat

Sun, 25 Jan 2009 09:48:00 GMT

Jan. 25--Other advocates for the poor call Pamela Atkinson the "Queen Mum."
Some might say Gayle Ruzicka is the most powerful woman in Utah, or Margaret Dayton, chairwoman of the Utah Senate Rules Committee, or Salt Lake County Attorney Lohra Miller.
After years of working for Intermountain Health Care and hauling bags of dog food to homeless camps, she's the closest thing to an unaffiliated saint Utah has.

[More...]

Independence Holding Company Appoints Managing General Underwriter

Mon, 17 Aug 2009 18:27:00 GMT

Independence Holding Company today announced the appointment of an employer medical stop-loss managing general underwriter by Madison National Life Insurance Company, Inc.[More...]

Independence Holding Company Reports Second-Quarter and Six Months Results

Mon, 10 Aug 2009 17:47:00 GMT

STAMFORD, Conn., Aug. 10, 2009 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC) today reported 2009 second-quarter and six months results.
This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release.
Net income (loss) per share from continuing operations attributable to IHC increased to $.13 per share, diluted, or $1,976,000, for the three months ended June 30, 2009 compared to $(.43) per share, diluted, or $(6,693,000), for the three months ended June 30, 2008.

[More...]

Independence Holding Company Announces Semi-Annual Cash Dividend

Fri, 26 Jun 2009 18:41:00 GMT

Independence Holding Company today reported declaration of a semi-annual cash dividend of $0.025 per share of common stock, payable to stockholders of record on July 6, 2009, with a payment date of July 20, 2009.[More...]

Independence Holding Company Reports Net Income From Continuing Operations of $.22 Per Share, Diluted, for the First Quarter of 2009 Versus $.20 Per Share, Diluted, for the First Quarter of 2008

Mon, 11 May 2009 20:49:00 GMT

Independence Holding Company today reported 2009 first-quarter results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release.[More...]

American Independence Corp. Announces 2009 First-Quarter Results

Mon, 11 May 2009 20:45:00 GMT

American Independence Corp. today reported 2009 first-quarter results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release.[More...]

IHC Group Announces Defined Solutions Limited Benefit Medical Insurance Plan for Individuals and Families

Thu, 09 Apr 2009 17:02:00 GMT

The IHC Group, an insurance organization composed of Independence Holding Company (NYSE: IHC) and its operating subsidiaries, recently announced the launch of Defined Solutions, a guaranteed issue limited benefit medical insurance plan for individuals and families. Defined Solutions provides a simple solution for people who may be struggling to find and qualify for affordable health insurance.[More...]

American Independence Corp. Announces 2008 Fourth-Quarter and Annual Results

Mon, 16 Mar 2009 22:17:00 GMT

American Independence Corp. today reported 2008 fourth-quarter and annual results. This press release contains both GAAP and non-GAAP financial information for which a reconciliation can be found on the final page.[More...]

Independence Holding Company Announces 2008 Fourth-Quarter and Annual Results

Mon, 16 Mar 2009 22:10:00 GMT

Independence Holding Company today reported 2008 fourth-quarter and annual results. This press release contains both GAAP and non-GAAP financial information for which a reconciliation can be found on the final page.[More...]

A.M. Best Company Affirms Group Rating of 'A-' (Excellent) of All Carriers in the IHC Group

Thu, 29 Jan 2009 20:26:00 GMT

Independence Holding Company today announced that A.M. Best Company affirmed the financial strength rating of 'A-' for each of Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company. The outlook for all ratings has been revised to 'negative' from 'stable.'[More...]

A.M. Best Affirms Ratings of Independence Holding Company and Its Subsidiaries; Revises Outlook to Negative

Thu, 29 Jan 2009 19:49:00 GMT

A.M. Best Co. has affirmed the issuer credit rating of “bbb-” of Independence Holding Company (Independence Holding) [NYSE: IHC]. A.M. Best also has affirmed the financial strength rating of A- (Excellent) and ICRs of “a-” for Madison National Life Insurance Company, Inc. (MNL) (Madison, WI), Standard Security Life Insurance Company of New York (SSL) (New York, NY) and Independence American Insurance Company (Independence American) (New Castle, DE). The outlook for all ratings has been revised to negative from stable.[More...]