Home » Archive for May, 2010

Lumber Prices Have Crashed On Weak Outlook For Builders

On May 17th and again on May 25th, the Chicago Mercantile Exchange stopped trading in lumber futures because the contract price had fallen by the maximum allowable amount of $10. On the 25th, lumber was halted at a price of $225/thousand board feet, which is the price that the contract opened at again this morning. The July contract is trading now at $234. Since April 21st, the contract price is down... 

Euro’s reserve role undermined by debt crisis

LONDON (MarketWatch) — China said it’s not reviewing its holdings of euro-zone bonds, but it can hardly be a surprise that reserve managers are nervous about their exposure to the troubled single currency, economists said Thursday. A news report late Wednesday that China’s State Administration of Foreign Exchange, or SAFE, was looking to review its holding of euro-zone bonds put pressure... 

SOHM Inc. (SHMN)

Sohm, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Global headquarters is located in North America with manufacturing sites in India. Generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia. Estimated Market Cap $14,938,876 as of May... 

DAYBREAK OIL AND GAS, Inc (OTCBB: DBRM)

Daybreak Oil and Gas Inc. has secured significant interests in several oil and gas plays in the Gulf Coast region of Texas, Louisiana, Alabama and the central region of the State of California. The selected areas are in and around major oil and gas producing regions. Current Operational Projects Daybreak Oil and Gas seeks to acquire exploration and development projects that compliment higher-risk,higher-reward... 

SHMN is the next big deal, triple digits gains to an 8 billion market in India

SHMN is the next big deal, triple digits gains to an 8 billion market in India SHMN closed @ 0.063 up 21.15% on Friday, hitting a high of 0.077.  SHMN is up 986.20% from its 52 week-low of 0.0058 from March of this year. PSC thinks SHMN is a great opportunity for members to cash in. SHMN closed on over 1.3 million in volume on Friday beating out its 10 average of 63,967 shares.  The spike in... 

Toyota’s investment to help Tesla IPO: analyst

NEW YORK (MarketWatch) — Toyota’s $50 million investment in electric car start-up Tesla Motors Inc. will help Tesla’s already-bright prospect for its initial public offering, an IPO analyst said Friday. John Fitzgibbon of IPOscoop.com, said Tesla will soon add Toyota Motor Corp.’s(TM 74.99, +0.99, +1.34%) name to its list of high-profile investors in an upcoming amendment... 

Google unveils TV service in bid to expand into new market

SAN FRANCISCO (MarketWatch) — Google Inc. on Thursday unveiled its widely anticipated Google TV service, a blending of television programming and Internet content that marks another attempt to expand into larger advertising markets. “We’ve been waiting a long, long time for today,” Google (GOOG 475.19, +0.18, +0.04%) Chief Executive Eric Schmidt said during the company’s... 

Financial sector runs red with sell-offs

SAN FRANCISCO (MarketWatch) — The U.S. financial sector closed as the S&P 500’s worst performer Tuesday as investors focused on Europe’s debt crisis and German plans to announce a ban on so-called naked short selling. The Financial Select Sector SPDR Fund (XLF 14.92, -0.44, -2.86%) opened flat but swung to a loss of nearly 3% by the end of the day. Compared to the broader index,... 

Gas prices rise but don’t always fall

PORT WASHINGTON, N.Y. (MarketWatch) — The price of crude oil has fallen almost $18 to $70 a barrel — the lowest level since last July — yet gasoline prices have remained stubbornly high Nationwide, the price of a gallon of regular gas remains close to its recent high of around $2.90 a gallon. This is actually 40 cents a gallon higher than it was last July, believe it or not. It is... 
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