Mortgage giant Fannie Mae (OTC: FNMA) today announced that it will demand compensation from mortgage servicing companies that do not handle problem mortgage loans properly. Fannie also said that it may start reviewing loan files, processes and procedures used by mortgage servicing companies.
The announcement from Fannie shows that it getting impatient with the companies engaged [...]
Cord Blood America (OTC: CBAI) is a holding company of Cord Partners, CorCell Ltd., CorCell Co. Inc., CBA Professional Services, Inc. CBA Properties, Inc. (Properties), D/B/A BodyCells, Inc. (BodyCells) and Career Channel Inc, D/B/A Rainmakers International (Rain). It is segregated in four business segments of Cord, BodyCells, Properties and Rain. The Cord segment specializes in [...]
Baidu Inc. (ADR) (NASDAQ: BIDU) is a China-based Chinese-language Internet search provider. The company operates in China through its wholly owned subsidiary Baidu Online Network Technology (Beijing) Co. Ltd. The company also conducts its operations in China through Baidu Netcom Science Technology Co. Ltd. The company also operates a Japanese search service, which is run [...]
Las Vegas Sands Corp. (NYSE: LVS) this week,reported its second-quarter financial results. The company reported second-quarter revenue of $1.59 billion, up 50.6% from the second quarter of 2009. Second-quarter consolidated adjusted property EBITDA came in at $473.5 million, up 91.2% from the same period last year. Consolidated adjusted EBITA margin, meanwhile, increased 630 basis points [...]
Shares of Ambac Financial Group Inc. (NYSE: ABK) fell 10.61% to $.09 in today’s mid-morning trading, wiping out yesterday’s 17% gain.
The Ambac stock has a 52-week range of $0.51-$3.39. It is currently trading above its 50-day and 200-day moving averages of $0.83 and $0.94, respectively. This indicates that investors are bullish on the stock, currently. [...]
Shares of Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) are up in today’s trading. The small cap stock reached a high of $1.87 in mid-day trading. At last check, it was up 4.52% to $1.85, with volume at 179,695.
The small cap stock has a 52-week range of $1.49-$3.25. It is currently trading below its 50-day [...]
Citi’s Take on Chinese Solar Stocks
In the last four trading sessions, shares of Chinese solar companies have seen a huge rally. The stocks have climbed by as much as 22% in these sessions. Citigroup analysts recently came out with their opinion on the rally:
Analysts at Citigroup initiated coverage on Trina Solar Limited (ADR) (NYSE: TSL) [...]
Shares of K-Sea Transportation Partners L.P. (NYSE: KSP) lost 3.53% in today’s mid-morning session, trading at $5.74, slightly retracting from last week’s nearly 20% gain.
The huge activity and the price surge in the small-cap stock came after K-Sea Transportation announced on Thursday that K-Sea, its wholly-owned subsidiary, executed an amendment letter to its revolving credit [...]
Cell Therapeutics Inc. (NASDAQ: CTIC) surged 8% in today’s pre-market trading to $0.43. The company last week announced that it had submitted an expanded Pediatric Investigation Plan (PIP) to the EMEA for its lead candidate pixantrone.
Pixantrone is being developed to treat relapsed or refractory aggressive non-Hodgkin’s lymphoma (NHL) in patients who have not responded to [...]
Baidu Inc. (ADR) (NASDAQ: BIDU) is Beijing, China-based Chinese-language Internet search provider. The company operates in China through its wholly owned subsidiary, Baidu Online Network Technology. The company also owns a Japanese search engine.
Baidu has lately been in news because it is search engine giant Google Inc.’s (NASDAQ: GOOG) main competitor in China. With 400 [...]
Shares of Universal Detection Technology (OTC: UNDT) are soaring in today’s trading. The penny stock is seeing huge activity in early trading, and at last check, it was up 428.57% to $0.0037, with volume up from daily average of 3.30 million to 135.17 million. The penny stock has a 52-week range...
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