Read Larry Connors' blog – Short Term Trading Strategies
-- Jun 30, 2009 CombinatoRx, Incorporated (NASDAQ: CRXX | Quote | Chart | News | PowerRating) closed at $0.80 on a volume of 65,680 shares.
CombinatoRx and Neuromed Sign Merger Agreement
Merger to Create a Sustainable Biotechnology Company: Brings Together Significant Product Assets, Unique Discovery Capabilities and Financial Resources -
CAMBRIDGE, Mass. & VANCOUVER, British Columbia, Jul 01, 2009 -- Conference Call Scheduled for Today at 8:30am ET
CombinatoRx, Incorporated (NASDAQ: CRXX | Quote | Chart | News | PowerRating) and Neuromed Pharmaceuticals, Inc., a privately-held biopharmaceutical company, today announced they have entered into a definitive merger agreement under which CombinatoRx and Neuromed will merge in an all-stock transaction. Under the terms of the merger agreement, CombinatoRx is expected to issue approximately 36 million new shares of its common stock to Neuromed stockholders with each party owning approximately 50% of the voting power of the merged organization upon closing. Relative ownership of CombinatoRx will then be adjusted based upon the outcome of the FDA's review of the NDA product candidate, Exalgo(TM).
About CombinatoRx
CombinatoRx, Incorporated (CRXX) is pioneering the new field of synergistic combination pharmaceuticals. Going beyond traditional combinations, CombinatoRx creates product candidates with novel mechanisms of action, striking at the biological complexities of human disease. The CombinatoRx proprietary drug discovery technology provides a renewable and previously untapped source of novel drug candidates. The Company was founded in 2000 and is located in Cambridge, Massachusetts. To learn more about CombinatoRx, please visit www.combinatorx.com.
-- Jun 30, 2009 Titan Machinery Inc. (NASDAQ:TITN) closed at $12.69 on a volume of 276,837 shares.
Titan Machinery Closes Acquisition of Dealership: Valley Equipment, Inc.
FARGO, N.D., Jul 01, 2009 -- Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the previously announced acquisition of Valley Equipment, Inc., a Case IH brand agriculture equipment dealership in Mayville, North Dakota.
Located in the Red River Valley, Mayville is a progressive agricultural community with highly productive soils. Valley Equipment is strategically located between Titan Machinery's Grand Forks and Arthur stores. In its most recently reported fiscal year, Valley Equipment generated annual revenues of $2.6 million.
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in Fargo, North Dakota, is a multi-unit business with mature locations and newly acquired locations. The Company owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. Including the Valley Equipment Inc. acquisition, the Titan Machinery network consists of 67 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska and Wyoming, including three outlet stores, representing one or more of the CNH Brands (NYSE:CNH) Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about Titan Machinery Inc. can be found atwww.titanmachinery.com.
-- Jun 30, 2009 FX Energy, Inc. (Nasdaq: FXEN | Quote | Chart | News | PowerRating) closed at $3.82 on a volume of 93,988 shares.
FX Energy Reports Class Action Complaint Dismissed
SALT LAKE CITY, July 1, 2009 -- FX Energy, Inc. (Nasdaq: FXEN | Quote | Chart | News | PowerRating) reported today that the class action lawsuit which was filed in November 2007 against FX Energy and certain officers and directors of the Company has been dismissed. On June 26, 2009, the court granted FX Energy's motion to dismiss for failure to state a claim.
"This case is a reminder that we have a long way to go to stop the frivolous litigation that burdens U.S. business," said David Pierce, president of FX Energy. "The Private Securities Litigation Reform Act of 1995 was adopted to curb the 'abusive practices committed in private securities litigation' including 'the routine filing of lawsuits against issuers of securities and others whenever there is a significant change in an issuer's stock price, without regard to any underlying culpability of the issuer and with only faint hope that the discovery process might lead eventually to some plausible cause of action.' The case just dismissed was exactly the kind of case this law was intended to curb. I only wish the law could be strengthened to prevent such cases, rather than curb them."
About FX Energy
FX Energy is an independent oil and gas exploration and production company with production in the U.S. and Poland. The Company's main exploration activity is focused on Poland's Permian Basin where the gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England. The Company trades on the NASDAQ Global Market under the symbol FXEN. Website www.fxenergy.com
-- Jun 30, 2009 Acacia Research Corporation (Nasdaq: ACTG | Quote | Chart | News | PowerRating) closed at $7.87 on a volume of 291,246 shares.
Acacia Subsidiary Enters into License Agreement With IBM
NEWPORT BEACH, Calif., Jul 01, 2009 -- Acacia Research Corporation (Nasdaq: ACTG | Quote | Chart | News | PowerRating) announced today that its Diagnostic Systems Corporation subsidiary has entered into a license agreement with IBM Corporation covering a portfolio of patents that apply to rule-based monitoring.
ABOUT ACACIA RESEARCH CORPORATION Acacia Research's subsidiaries develop, acquire, and license patented technologies. Acacia Research's subsidiaries control over 100 patent portfolios, covering technologies used in a wide variety of industries.
-- Jun 30, 2009 LDK Solar Co., Ltd. (NYSE: LDK | Quote | Chart | News | PowerRating) closed at $11.28 on a volume of 3,825,728 shares.
LDK Solar Partners With SAEM-Kerself Group for Development of PV Plants in Italy
XINYU CITY, China and SUNNYVALE, Calif., July 1, 2009 -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has signed an agreement with SAEM Srl ("SAEM"), a primary system integrator within the PV sector, to build five one-megawatt ("MW") PV plants in the Apulia region of Italy. Construction will start in July and is expected to be completed by November of this year. LDK Solar will supply wafers for the PV project and SAEM will provide engineering, procurement, and construction services and system integration.
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.
-- Jun 30, 2009 Globalstar, Inc. (Nasdaq:GSAT) closed at $1.05 on a volume of 977,101 shares
Globalstar Completes $738 Million Financing
Financing Fully Funds Globalstar 2.0 Second-Generation Satellite Constellation and IP-Based Ground Segment
MILPITAS, Calif., Jul 1, 2009 -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments, and consumers, today announced that it has completed a financing of approximately $738 million. The total financing combines a previously announced $586 million credit facility and registered direct offering of convertible debt and warrants for $55 million plus a deposit by Thermo Funding, the majority shareholder of Globalstar, of $60 million into a contingent equity account, and funding of a debt service reserve account. The $738 million financing fully funds the manufacture, delivery and launch of the Company's Globalstar 2.0 second-generation network and ground facilities, plus certain long-lead items connected with the accelerated delivery of additional second-generation spare satellites, and provides the Company with working capital needed for current and future operations.
About Globalstar, Inc.
With over 350,000 subscribers, Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and integrated solutions such as the SPOT Satellite GPS Messenger plus flexible service packages. Many land-based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications.
About PicksThatMove.com
www.picksthatmove.com team of excellence strives to find undervalued, good momentum stock plays. We provide financial and investor relations services for small to mid-cap stocks with weekly and special newsletters to keep you informed of the latest movers. Unlike other sites, we explore, research, and understand all aspects of a company. We only recommend companies we feel has the potential for future higher valuations. Our seasoned research team is always looking for the next Xtreme Pick to send to you.
www.picksthatmove.com is a leading stock website that provides free daily alerts on stocks that are moving up. www.picksthatmove.com also tracks small cap stocks that are on the brink of exploding. We also feature companies on our website with research report, analysis, and newsletters. To feature a company on our web site please contact us at Info@picksthatmove.com
www.picksthatmove.com is an independent electronic publication that provides information on selected publicly traded companies. www.picksthatmove.com is not a registered investment advisor or broker-dealer. www.picksthatmove.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
CONTACT: PicksThatMove.com e-mail: Info@picksthatmove.com WWW: http://www.picksthatmove.com
((M2 Communications 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.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
