Free Trial!
Today’s Best Stocks To Trade! Click Here
July 10, 2008 - UOMO Media Inc. (OTCBB: UOMO | Quote | Chart | News | PowerRating) a multi-channel entertainment and media company, announced today that Christopher "Tricky" Stewart and his team from Redzone Entertainment have written and produced two songs for Lindsay Lohan's soon to be released album "Spirit in the Dark". For Lohan's third studio album, Redzone produced and wrote the songs, "Washing My Hands" and "Problem Solver". "Washing My Hands" was co-written and co-produced with Redzone's Christopher "Tricky" Stewart, Terius "The-Dream" Nash and Thaddis "Kuk" Harrell. Stewart and Nash also co-wrote and co-produced "Problem Solver". Lindsay Lohan's new album, "Spirit in the Dark" is scheduled to be released in November 2008. "Tricky and Redzone continue to dominate the music business," commented Mr. Camara Alford, CEO and Chairman of UOMO Media, Inc. "The UOMO team is well positioned as global leaders in producing media content." Earlier this year, Tricky Stewart and Redzone Entertainment signed an exclusive international management agreement with UOMO Media. Redzone has worked with top recording artists including Mary J. Blige, Usher, Rihanna, Janet Jackson, Jesse McCartney, Madonna, Britney Spears, and Mariah Carey.
July 10, 2008 -- Scientific Games Racing, LLC (SGR), a wholly-owned subsidiary of Scientific Games (NASDAQ: SGMS), announced an agreement with the California Horse Racing Board (CHRB) regarding the CHRB investigation of the software programming in the Quick-Pick software of SGR's BetJet terminal -- a terminal that was introduced for use in California beginning in July 2007.
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries.
July 10, 2008 -- Allstate (NYSE: ALL | Quote | Chart | News | PowerRating) Allstate Senior Corporate Relations Manager Peter DeMarco issued the following statement regarding the California Department of Insurance's order to lower Allstate's homeowners rates in California by 28.5%: "While we are disappointed in this order, we respect the authority of the Department and will comply. We are reviewing the order in detail and communicating with the Department about the process for adjusting the rates of our 850,000 homeowners policyholders in the state. Californians can continue to rely on more than 1,300 Allstate agents to help them with insurance and retirement needs." The Allstate Corporation is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate " slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,900 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate . Encompass and Deerbrook Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.
July 10, 2008 -- CV Therapeutics, Inc. (NASDAQ: CVTX | Quote | Chart | News | PowerRating) announced that it has received marketing authorization from the European Medicines Agency (EMEA) for ranolazine for the treatment of patients with chronic angina in all 27 European Union (EU) member states. This approval follows a positive opinion from the EMEA Committee for Medicinal Products for Human Use (CHMP) on April 24, 2008. Ranolazine is approved for use in Europe as add-on therapy for the symptomatic treatment of patients with stable angina pectoris who are inadequately controlled or intolerant to first-line antianginal therapies. Ranolazine is approved for use in 375 mg, 500 mg and 750 mg doses, administered twice daily. The approved European labeling reflects data from the MERLIN TIMI-36 and other recently reported studies, including data showing statistically significant reductions in ventricular arrhythmias with ranolazine. The labeling also notes that the ability of ranolazine to reduce cellular calcium overload is expected to improve myocardial relaxation and decrease left ventricular diastolic stiffness.
July 10, 2008 -- Deckers Outdoor Corporation (NASDAQGS: DECK | Quote | Chart | News | PowerRating) announced that it has entered into a joint venture with Stella International Holdings Limited (SEHK:1836) for the opening of retail stores and wholesale distribution for the UGG Australia brand in China. Initial plans call for the opening of one to two stores in 2008. The joint venture will be owned 51% by Deckers and 49% by Stella International. The initial investment in the joint venture is $1 million to be contributed by each party in proportion to their respective ownership in the joint venture. The estimated total investment amount for the joint venture is approximately $5 million. Angel Martinez, President and Chief Executive Officer of Deckers, commented, "We are very excited about this initiative. China has quickly become a dynamic market for U.S. consumer branded footwear and apparel and we are confident that UGG Australia's lifestyle message and product line will resonate very well in this new market. We have a long term relationship with Stella having worked with them for over 12 years and look forward to continuing to work closely with them in order to maximize the potential of this extremely compelling opportunity for our Company." Stella International develops and manufactures footwear products for leading casual and fashion ootwear companies worldwide. The Company manufactures footwear at its facilities in Guangdong Province, China and through processing and contractual arrangements in both China and Vietnam.
July 10, 2008 -- Grainger (NYSE: GWW), North America's leading industrial distributor, announced that its direct marketing subsidiary, Lab Safety Supply, Inc., (LSS) has acquired substantially all of the assets of Highsmith, Inc. located in Fort Atkinson, Wisconsin. Highsmith is a direct marketing leader in the library equipment, furniture and supplies market. Terms of the agreement were not disclosed. "We are pleased to be adding Highsmith to our specialty catalog group," said Larry Loizzo, President of Lab Safety Supply. "They have built a solid brand position in the library and school supplies market over the past 50 years; we intend to build upon it." The integration of Highsmith into LSS's operations should be completed over the next 6 months. The acquisition is expected to add $20-30 million to LSS's sales in 2008. The transaction is expected to breakeven in the first 12 months; due to the timing and anticipated transition costs, the 2008 impact is expected to be dilutive by $.02 to $.03 per share.
Wall Street stumbled through another volatile session but ended with a respectable gain Thursday after a multibillion dollar deal between Dow Chemical Co. and rival Rohm and Haas Co. helped offset concerns about the financial sector and energy costs. Shares of mortgage finance companies Fannie Mae and Freddie Mac skidded lower on worries they will be forced to sell more new shares than anticipated to compensate for losses from the housing slump. Several retail banks and investment banks also dropped, particularly Lehman Brothers Holdings Inc. The declines in financials came after Treasury Secretary Henry Paulson told Congress Wall Street can't expect the government to bail out troubled financial companies. "For market discipline to effectively constrain risk, financial institutions must be allowed to fail," Paulson said. Meanwhile, crude oil prices rebounded by more than $5 to more than $141 a barrel. Though investors found a reason to buy after Dow Chemical's $15 billion all-cash acquisition of the special chemicals maker Rohm and Haas, they are cautious ahead of quarterly earnings, in particular financial results due next week. "Investors lack real clarity from the banks," said Marc Pado, U.S. market strategist at Cantor Fitzgerald in New York. "It's this uncertainty that keeps investors out of the market so what you get is a situation where you're reacting to news. There are a lot of crosscurrents." The Dow Jones industrial average finished up 81.58, or 0.73 percent, at 11,229.02. Oil's resurgence back above $141 a barrel briefly pulled the Dow into negative territory in afternoon trading. Broader stock indicators also finished higher. The Standard & Poor's 500 index gained 8.70, or 0.70 percent, to 1,253.39, while the Nasdaq composite index rose 22.96, or 1.03 percent, to 2,257.85. Light, sweet crude for August delivery rose $5.60 to $141.65 a barrel on the New York Mercantile Exchange on another missile test by Iran and worries about more supply disruptions in Nigeria. Bond prices ticked higher as stocks fluctuated. The yield on the benchmark 10-year Treasury note, which moves opposite to its price, slipped to 3.80 percent from 3.82 percent late Wednesday. The dollar was mixed against other major currencies, while gold prices rose.
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. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
CONTACT: InvestSource, Inc e-mail: info@investsourceinc.com 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
