New ETF Book by Larry Connors - Click here to read more
July 3, 2008 -- Cody Ventures Corporation (PINK SHEETS: CVCP | Quote | Chart | News | PowerRating) announced a relaunch date for their flagship property, TheOuterPost.Com. The company stated that they will be relaunching the second phase of their social networking website on August 31st, 2008. The website will be completely redesigned and will have several new and unique features. The Outer Post will be relaunched as a "social commerce" website with all of the members having the capability of building a store on their homepage in order to sell their intellectual and creative property. The website will transfer all of its current members seamlessly and will keep to its niche of "young creative types" while offering more features to continue website growth and excitement. The art, fashion, music and culture pages will offer more unique multimedia content while the other user pages will be updated with new designs and communication features, including a brand new instant messaging and group chat system. The Outer Post will also offer a new text messaging platform where users can text anyone in their fan club at no cost to them. The Outer Post relaunch will also include a new advertising platform including banner ads and text messaging ads, in addition to transaction fees for users selling their items on the website that will all work to increase website revenue. Cody Ventures Corp. president, Roy Cooper stated, "We have been working quietly on phase two of The Outer Post for a long time now and can't wait to get it off the ground on August 31st. Since The Outer Post is all about web community involvement, we took in a lot of advice from our users on what features they would like to see before beginning to build the applications." Roy went on to state, "The new Outer Post has the potential to increase advertising revenue exponentially through the text ads, banner ads and ecommerce transaction fees. We truly feel as though the new site will be not only great for the website members who requested new features, but will also help our company grow to the next level of success."
July 3, 2008 -- MetroPCS Communications, Inc. (NYSE: PCS), the nation's leading provider of unlimited wireless communications service for a flat-rate with no signed contract, announced selected subscriber information for the quarter ended June 30, 2008. In the second quarter of 2008, on a consolidated basis, MetroPCS reported gross additions of approximately 793 thousand subscribers, which represents an increase of 20% over the second quarter of 2007. Churn for the second quarter of 2008 was down 0.3% when compared to the second quarter of 2007, and consistent with seasonal patterns, increased 0.5% to 4.5% when compared to the first quarter of 2008. MetroPCS ended the second quarter with approximately 4.6 million subscribers, which includes net additions during the quarter of approximately 184 thousand subscribers. MetroPCS has added over one million subscribers during the twelve month period ended June 30, 2008, representing total subscriber growth of approximately 30% as compared to subscribers as of June 30, 2007. "Achieving 184 thousand net additions during the seasonally slow second quarter, coupled with a challenging economic environment highlighted by dramatically escalating prices for fuel and food, strongly demonstrates the resiliency of the MetroPCS business model," said Roger D. Linquist, MetroPCS' Chairman, President and Chief Executive Officer.
July 3, 2008 -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced that it has entered into a sales contract with Enfinity Management, bvba ("Enfinity"), a global renewable energy project developer located in Ghent, Belgium. Under the terms of the agreement, Yingli Green Energy is expected to supply 10 MW of PV modules to Enfinity from July 2008 to December 2008. "This is the first time we have collaborated with Enfinity and we are pleased that they trusted us with such a large initial order," commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We earned their confidence with our solid track record and the growing recognition of our reliable and efficient modules that have been used in a number of other European projects. We look forward to building this relationship and diversifying our market presence in Europe with other partners."
July 3, 2008 -- Mylan Inc. (NYSE: MYL | Quote | Chart | News | PowerRating) announced that its subsidiary, Mylan Pharmaceuticals Inc., has received tentative approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for Linezolid Tablets, 600 mg. Linezolid Tablets, an antibiotic, are the generic version of Pharmacia and Upjohn's Zyvox Tablets, which had U.S. sales of approximately $422 million for the 12 months ending March 31, 2008, according to IMS Health. Currently, Mylan has 93 ANDAs pending FDA approval, 21 of which are potential first-to-file opportunities. Mylan Inc., with a presence in more than 90 countries, ranks among the leading diversified generic and specialty pharmaceutical companies in the world. The company maintains one of the industry's broadest -- and highest quality -- product portfolios, supported by a robust product pipeline; owns a controlling interest in the world's second largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies.
July 3, 2008 -- The Boeing Company (NYSE: BA | Quote | Chart | News | PowerRating) during this month's Farnborough International Airshow will spotlight a range of pioneering technologies that will help develop a sustainable future for the global aerospace industry. "We're working across Boeing to develop and deliver technology in our products that drive the efficiencies and environmental performance that have become so important to our customers," said Tom Downey, senior vice president, Communications. "As fuel costs rise, we continue to see demand for the benefits that our new products and services deliver." The Boeing exhibit on the show grounds highlights technologies the company is implementing now and researching for the future to improve the environmental performance of its products and the air transportation system. In addition, Air India -- India's national flag carrier -- will display a new, fuel-efficient Boeing 777-300ER.
July 3, 2008 -- Delta Air Lines (NYSE: DAL | Quote | Chart | News | PowerRating) reported traffic results for June 2008. International traffic remained strong in June, increasing 13.9 percent year over year on a 14.1 percent increase in capacity. Delta's international load factor was 83.3 percent, flat compared to June 2007. The load factor for Latin America was 81.6 percent, higher than any previous June on record for Delta. In addition, a record number of passengers flew internationally on Delta during June. The number of passengers for international, Latin America and Atlantic increased 9.3 percent, 5.1 percent and 10.6 percent, respectively, versus the same period last year. Delta's system traffic, capacity and load factor in June 2008 were flat compared to June 2007. Domestic traffic in June 2008 decreased 7.0 percent year over year on a capacity decrease of 6.6 percent. Delta's domestic load factor was 86.9 percent, flat compared to June 2007.
Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. The Dow Jones industrial average showed a sizable advance, while the broader indexes ended mixed. The stock market closed early ahead of the Fourth of July holiday. The Institute for Supply Management said its index of service sector activity fell to 48.2 from 51.7 in May. That news touched off more misgivings about the well-being of the economy. The look at the service sector follows a largely as-expected report from the Labor Department, which said the nation's unemployment rate held steady at 5.5 percent last month. The government also reported that 62,000 jobs were lost in June, but that number was close to economists' forecasts. The jobs report appeared to assuage some worries that the snapshot of the labor market would be more grim. Employment numbers are critical because consumers who are out of work or are nervous about losing their job are likely to cut their spending. They've already become cautious because of higher food and energy prices. Christopher Molumphy, chief investment officer at Franklin Templeton fixed income group, said the employment figures don't point to a labor market in distress. "We are not seeing data that would be consistent with recessionary conditions," he said. He also said volatility in Thursday's shortened session wasn't unexpected. Low trading volume and liquidity can skew price movements. "Unusual short-term volatility should and would not be unexpected," Molumphy said. "Frankly, we try not to overanalyze some of the moves because I think you can easily do that." According to preliminary calculations, the Dow rose 73.03, or 0.65 percent, to 11,288.54. Broader stock indicators ended mixed. The Standard & Poor's 500 index rose 1.38, or 0.11 percent, to 1,262.90, and the Nasdaq composite index fell 6.08, or 0.27 percent, to 2,245.38. Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where volume came to 931.9 million shares. Inflation concerns remained as the price of oil neared $146 for the first time. Light, sweet crude rose 6 cents to $143.63 per barrel on the New York Mercantile Exchange but earlier rose as high as $145.85. Investors also examined the European Central Bank's decision to raise interest rates for the first time in more than a year. The bank's concerns about rising prices in the 15 nations that use the euro prompted the quarter-point increase in the key rate to 4.25 percent. Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.98 percent from 3.96 percent late Wednesday. The dollar was mixed against other major currencies, while gold prices fell.
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com.
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.
InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. InvestSource has agreed to be compensated 50,000 of unrestricted stock of CVCP for services rendered. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
CONTACT: InvestSource, Inc WWW: http://www.investsourceinc.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
