Archive for October, 2007

Sun Hydraulics 2007 Third Quarter Earnings to Be Released Morning of Monday, November 5

Monday, October 29th, 2007

Sun Hydraulics Corporation (NASDAQ: SNHY) will release its third quarter 2007 earnings on Monday, November 5, 2007, at approximately 11:00 AM Eastern Time. The web cast of the Company’s conference call with analysts is scheduled for later the same day at 2:30 PM Eastern Time. The earnings release and conference call are being moved to […]

Hampshire High School Expects to Save More Than $1 Million in Energy Costs With Ice Storage System

Monday, October 29th, 2007

When building a new facility for Hampshire High School’s 2,500 students, administrators chose an innovative ice storage system in order to:
– Create high performance classrooms that optimize students’ learning environment, increase faculty retention and actually improve student test scores — Reduce energy consumption, benefiting the school, community and environment
Trane’s ice storage system offered the best […]

Electro Energy Inc. Raises $750,000 From Sale of Common Stock and Warrants to KIT Financial, Inc.

Monday, October 29th, 2007

Electro Energy Inc. (NASDAQ: EEEI) announced today that the company has completed a $750,000 sale of common stock and warrants to KIT Financial, Inc.
Michael E. Reed, President and Chief Executive Officer of Electro Energy Inc., stated, “We are proud of the confidence that KIT Financial has shown in us by making this investment and are […]

Exxon Gets Court Review of $2.5 Billion Valdez Award

Monday, October 29th, 2007

The U.S. Supreme Court agreed to hear Exxon Mobil Corp.’s appeal of a $2.5 billion punitive damage award to victims of the 1989 Valdez oil spill, the largest in U.S. history, extending an 18-year-old legal fight.
Exxon, the world’s largest publicly traded oil company, seeks to head off what would be the largest-ever punitive damage payment. […]

Merrill Lynch CEO Under Pressure to Resign after Record Loss

Saturday, October 27th, 2007

Merrill CEO Stan O’Neal is facing pressure to resign his post as chairman and chief executive officer of Merrill Lynch & Co. after misjudging the contraction in credit markets and posting the firm’s biggest-ever quarterly loss.
Merrill’s directors met yesterday to discuss his potential departure and may make a decision this weekend, the Wall Street Journal […]

Britain and France in joint tax cut initiative for green products

Friday, October 26th, 2007

The British and French finance ministers will present a joint initiative
to their EU partners next month on tax reductions for “green” products,
a European Commission spokeswoman said Friday.

Microsoft posts good profits

Friday, October 26th, 2007

DEMAND for Windows and the popular Halo 3 video game has helped Microsoft post strong quarterly profits.
The software giant saw net profits surge by 23 per cent to £2.1 billion in the three months to September 30, while revenues rose 27 per cent to £6.7bn.
Revenues from the Windows Vista operating system contributed to £2.01bn of […]

Countrywide reports $1.2 billion loss

Friday, October 26th, 2007

Mortgage lender Countrywide Financial Corp. reported Friday its first quarterly loss in 25 years, a reflection of the turmoil in the credit markets that’s roiled financial-services companies in the U.S. and elsewhere.
However, Countrywide’s shares surged more than 20% in premarket trading.
The company maintained its dividend payout and said it has also negotiated $18 billion in […]

EU chief slams ?irresponsible lending? at heart of credit crunch

Friday, October 26th, 2007

The global credit crisis which hammered British lender Northern Rock was partly sparked by “irresponsible lending” on financial markets, EU Internal Markets Commissioner Charlie McCreevy said on Friday.

Apple Race’s Ahead

Friday, October 26th, 2007

Apple is now the most valuable computer maker in the world.
In the wake of the company’s better than expected earnings in the quarter ended Sept. 30, Apple’s shares rose by nearly 7 percent, making the company’s total market value $162 billion.
That edges out I.B.M., which is worth $155 billion. Apple also surged past Intel, worth […]