Citigroup Inc. (NYSE: C)  has agreed to settle a lawsuit filed by the Securities and Exchange Commission (SEC) by paying $75 million. The lawsuit relates to the bank’s failure to disclose $40 billion in subprime exposure to investors. As part of the settlement with the SEC, Gary Crittenden, former CFO of Citi, has agreed to [...]

Shares of Ballard Power Systems Inc. (USA) (NASDAQ: BLDP) climbed 2.40% to $1.71 in Friday’s early trading. The small cap stock has a 52-week range of $1.49-$3.25. It is currently trading below its 50-day and 200-day moving averages of $1.94 and $2.26, respectively. The stock has seen support at $1.62 and has met with resistance [...]

Somaxon Pharmaceuticals Inc. (SOMX) Company Brief Shares of Somaxon Pharmaceuticals Inc. (NASDAQ: SOMX) are up in today’s trading. The small cap stock reached a high of $3.30 in mid-day trading. At last check, it was up 5.50% to $3.26, with volume at 1.22 million in mid-day trading. The small cap stock has a 52-week range [...]

Shares of Treaty Energy Corporation (OTC: TECO) jumped more than 80% in today’s trading. The penny stock reached a 52-week high of $0.03 in trading. At last check, it was up 75% to $0.0210, with volume up from daily average of 570,000 to 19.59 million. Houston, Texas-based Treaty Energy is a oil and natural gas [...]

SandRidge Energy Inc. (SD) Alters Merger Agreement with Arena Resources Inc. (ARD) SandRidge Energy Inc. (NYSE: SD), the Oklahoma City-based oil and natural gas Company, has alerted its merger agreement with Arena Resources Inc. (NYSE: ARD). On Wednesday, the two companies announced jointly that they agreed to alter the merger agreement under which SandRidge will [...]

Ecosphere Technologies Inc. (ESPH) Jumps more than 33% Shares of Ecosphere Technologies Inc. (OTC: ESPH) surged more than 34.12% in today’s trading to close at $1.14. Stuart, Florida-based Ecosphere Technologies is a water engineering and services company that focuses on solving critical water recovery, treatment and recycling challenges. Tuesday night, the company was featured on [...]

By Dominique de Kevelioc, de Bailleul Beacon Contributing Writer In today’s centrally controlled media and sophisticated techniques of mass mind control and suggestion, finding the truth—whatever that is—requires lots of effort and courage. We heard the mantra during the housing bubble that real estate never declines.  Well, the awful decline in housing prices is not [...]