Ener1 Inc. (NASDAQ: HEV) shares continued to climb today following yesterday’s announcement of a new executive management for its subsidiary EnerDel Inc. Christopher Cowger will serve as EnerDel’s new CEO and president. Cowger’s resume includes his previous role as general manager for Advanced Micro Devices Inc. (NYSE: AMD), as well as a position at Dell [...]
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Stock Alert – Toyota Motor dips on Japan Production Delays
Toyota Motor Corporation (ADR) (NYSE: TM) shares slipped this morning after the company said it expects interruptions at its plants in North America mostly due to disruptions in the supply of vehicle parts from Japan resulting from the devastating earthquake and tsunami. The company is currently unsure about the location or duration of the interruptions, [...]
Finance Stock on Watch; Huntington Bancshares
Huntington Bancshares Inc. (NASDAQ: HBAN) is slated to release its financial results for the fiscal first quarter of the year on April 20 before the opening of the market. In the meantime, HBAN is battling a Michigan bankruptcy claim in which the banking company’s subsidiary Huntington National Bank may be ordered to pay up to [...]
Tech Stock on Watch; a Green Apple is better than a Red Apple
Shares of Apple Inc. (NASDAQ: AAPL) inched into the green this morning, gaining nearly 1% at $336; AAPL opened the week at $356.48, dipping as low as $326.32 Thursday before making slight gains today. Shares of the tech giant also took a hit with a downgrade by JMP Securities analyst Alex Gauna to Market Perform. [...]
Apple iPad2 Sold Out on Debut Day
Apple Inc. (NASDAQ: AAPL) recently released the second generation of its tablet iPad and offered a $100 discount on the iPad 1. Anticipation and popularity of Apple’s latest device was evident as stores sold out on the iPad 2′s debut date. The company is also selling the tablet online, where the shipping period has now [...]
3 Active Stocks you should be Watching
Arena Pharmaceuticals Inc. (NASDAQ: ARNA) announced lower than expected loss for its fourth quarter. The company also announced decline in its research and development expenses, whereas its revenue increased. The company reported its net loss for the quarter at $28.2 million, down from $29.8 million loss it had incurred a year earlier. Its revenue increased [...]
Blockbuster to Shed Assets in “Stalking Horse” Bid upon Bankruptcy Court Nod
Blockbuster Inc. (PINK: BLOAQ) agreed to sell itself to a group of debt holders for $290 million in a “stalking horse” bid to Cobalt Video Holdco, subject to bankruptcy court approval. In addition, the company filed a motion seeking authorization from the U.S. Bankruptcy Court for the Southern District of New York to start an [...]
Top Stocks in the News; Starbucks and Green Mountain Coffee ink Sweet Deal
Starbucks Corporation (NASDAQ: SBUX) traded in the green today, gaining nearly 10% to close at $37.97, moving on its strategic relationship with Green Mountain Coffee Roasters (NASDAQ: GMCR) for the manufacturing, marketing, distribution and sale of Starbucks and Tazo tea branded K-Cup portion packs for use in GMCR’s Keurig Single-Cup brewing system. Per the agreement, [...]
Top Biotech Stock Spotlight; StemCells on the Move
StemCells Inc. (NASDAQ: STEM) shares climbed after the company today announced that it has completed its process of dosing in the second trial of Neural Stem Cell related to Pelizaeus-Merzbacher disease (PMD), a fatal disorder that affects male children. The company is conducting its trial in collaboration with UCSF Benioff Children’s Hospital, with results expected [...]
Top Tech Talk; Edgewater Shares Soar after Preliminary Q4 Results
Edgewater Technology Inc. (NASDAQ: EDGW) shares soared in today’s trading after the company announced its preliminary fourth-quarter financial results. Edgewater reported a 107% increase in its fourth-quarter total revenue to $23.5 million, compared with $11.4 million reported for the same period in 2009. The company reported a 65% increase in service revenue to $17.7 million, [...]