Archive | April, 2010
An Interview with Jane D’Arista on the Volcker Rule
In addition to off-balance reform, I wanted to do an interview about the Volcker Rule that is proposed with Senator Merkley’s amendment. Jane D’Arista is a research associate at PERI and the co-coordinator of the Economists’ Committee for Stable, Accountable, Fair, and Efficient Financial Reform (SAFER). We both participated in a conference call hosted by [...]
Continue reading..."That Economic Heartbeat is Growing Stronger"
30 April 2010 – 10:48 am PST
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Earlier today, President Obama delivered remarks on the oil spill in the Gulf of Mexico before talking about the economy. He explained that while BP is ultimately responsible for the costs of cleanup operations, the government has been discussing the response effort with BP and is prepared to help affected communities. He announced that there [...]
Continue reading...Trex Co (TREX) Reports Narrower Loss, But Light Revs, Moving Up On Guidance
30 April 2010 – 10:42 am PST
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Shares of Trex Co. (TREX) are surging nearly 12% today back to its yearly high after reporting a smaller loss than what analysts were expecting. The company reported a loss of .31/share on revenues of $66.3 while analysts expected a .39/share loss on revenues of $71 million. So a mixed report, but traders like the [...]
Continue reading...BYD Picks Los Angeles for US Headquarters
30 April 2010 – 10:40 am PST
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BYD Company Limited, one of China’s fastest growing auto manufacturers, will establish the US headquarters of three separate operating divisions in the City of Los Angeles. Company officials estimate its new offices would create 50 jobs initially with plans to increase its assembly work force to 2,000 employees over the next three years. BYD expects [...]
Continue reading...Mitsubishi and Tokyo Institute of Technology Developing EV Smart Charging from Wind Turbines
30 April 2010 – 10:35 am PST
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Nikkei. Mitsubishi Corp. and the Tokyo Institute of Technology are developing a smart charging system to exploit wind power produced at night to charge electric vehicles. Power companies buy windmill electricity generated during the daytime and resell it to households, factories and buildings. But they often are not interested in buying power produced at night [...]
Continue reading...DragonBack Assets Under Management
30 April 2010 – 10:20 am PST
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DragonBack AUM Hong Kong Hedge Fund, DragonBack, Sees AUM Fall 85% A Hong Kong hedge fund has been hit hard after investors completed mass withdrawals cutting assets dramatically. DragonBack’s two hedge funds now manage just $45 million after a peak of $600 million–an 85% drop! Interestingly, only one of the funds has had negative performance [...]
Continue reading...Porous Power Signs $1.41M CRADA with Oak Ridge National Laboratory to Commercialize a New Lithium-Ion Battery Manufacturing Process
30 April 2010 – 10:10 am PST
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Porous Power Technologies LLC, a developer of highly porous, laminable separator membranes for lithium-ion batteries, has signed a $1.41 million cooperative research and development agreement (CRADA) with Oak Ridge National Laboratory to accelerate the SYMMETRIX production process. (Earlier post.) The SYMMETRIX production process reduces the cost of free-standing separator membranes by coating SYMMETRIX separator film [...]
Continue reading...Wall Street and Republicans Play Whac-A-Mole with Wall Street Reform
30 April 2010 – 10:06 am PST
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First they said the Wall Street Reform bill was a "bailout." They thought they’d found the winning strategy to kill reform. But there was one problem: it wasn’t true. And with all the facts against them, there was only so long they could use that argument as an excuse for delay. Now, less than forty-eight [...]
Continue reading...Philadelphia Newspapers Hedge Fund
30 April 2010 – 10:05 am PST
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Philadelphia Newspapers Hedge Fund Hedge Fund, Buyout Firm Buy Philly’s Two Daily Papers A hedge fund and a private equity firm have collaborated to purchase Philadelphia’s two daily newspapers. Angelo Gordon & Co. and Credit Suisse Group won a thirty hour long auction with a bid of $139 million to win control of the Philadelphia [...]
Continue reading...Pozen (NASDAQ:POZN): Price Retreating after Break-Out Ahead of FDA Decision
30 April 2010 – 10:00 am PST
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Written by Bill Rusnak. After a high-volume break of Pozen’s (NASDAQ:POZN) level of resistance at 11.50, buyers have been unimpressive in sustaining the momentum caused by the company’s most recent news. Yesterday, with a volume of 2.8 million, POZN was able to close over a full point higher than its Thursday open of 11.00 per [...]
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30 April 2010 – 10:50 am PST
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