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Pfizer gobbles up remaining Icagen Stake for $56M

Posted by on Jul 20, 2011 | No comment

Pfizer Inc. (NYSE: PFE), which already has an 11% stake in drug developer Icagen Inc. (NASDAQ: ICGN), today announced that it entered into a definitive merger agreement to acquire the remaining 8.3 million shares of Icagen it does not own at a price of $6 per share. The two companies have been collaborating since 2007 on [...]


Quepasa, myYearbook Merger sparks Favorable Trade

Posted by on Jul 20, 2011 | No comment

Quepasa Corp. (AMEX: QPSA) shares spiked more than 23% this morning following news the company will merge with Insider Guides Inc.’s myYearbook for $100 million, which includes $82 million in Quepasa common stock and $18 million in cash. Quepasa is the West Palm Beach-based owner and operator of Quepasa.com, a social networking and gaming platform for the [...]

Powered-up Pink Sheet: iBrands advances toward Galileo Acquisition

Posted by on Jul 20, 2011 | No comment

Shares of iBrands Corp. (PINK: IBRC) shot past 100% gains this morning on news the company is moving forward with its acquisition of Galileo Optics, a provider of telescopes, microscopes, binoculars and associated science products, adding a niche brand to the company’s portfolio. At last check, iBrands shares were trading 114.29% higher at $0.0015, with [...]

Investors are Lovin’ Infinera’s Narrowed Q2 Loss

Posted by on Jul 20, 2011 | No comment

Shares of Infinera Corp. (NASDAQ: INFN) spiked more than 7% in today’s trading after the company released its second-quarter financial results. The California-based provider of optical networking systems reported second-quarter revenue of $96 million, compared with $92.9 million reported in previous quarter and $111.4 million reported for the same period in the previous year. The company’s gross [...]

Play it right, and you could bank on these 3 Finance Stocks

Posted by on Jul 20, 2011 | No comment

Cleveland, Ohio-based KeyCorp (NYSE: KEY) released its second-quarter financial results after market close yesterday, reporting better-than-expected second-quarter financial results as credit quality in its market continued to improve. KeyCorp posted second-quarter earnings of $234 million, or $0.25 per share, compared with earnings of $29 million, or $0.03 per share, reported for the same period in [...]

Hold your Gold! Persian “Gray Swan” lurks

Posted by on Jul 20, 2011 | 2 comments

With so many threats to an already tipsy global currency regime lurking within the balance sheets of every sovereign nation of meaningful size outside of China, another potentially catastrophic event could take investors by surprise—including, of course, a Black Swan Event—but also an event, which Nassim Taleb refers to in his book, “The Black Swan,” [...]

Tech Talk: Eastman Kodak trumps Apple in Patent Infringement Case

Posted by on Jul 19, 2011 | No comment

Eastman Kodak Company (NYSE: EK) received a favorable ruling from the International Trade Commission (ITC) in a patent infringement case against Apple Inc. (NASDAQ: AAPL). On Monday, the ITC upheld the decision made by one of its judges earlier that Eastman Kodak did not infringe on any Apple patents for digital cameras. Apple filed the [...]

Wall Street Watcher & 5 Hot Stocks for Wednesday

Posted by on Jul 19, 2011 | No comment

Great earnings from a variety of big names sent the stock market sharply higher on Tuesday. The appearance that the debt ceiling will be raised prior to the deadline added to the bullish sentiment. The largest increase in single family home building in two years worked to counteract negative Eurozone concerns. Midweek holds another full [...]

Silver Sale: 3 Precious Metal Stocks on the Down

Posted by on Jul 19, 2011 | No comment

Silvercorp Metals Inc. (NYSE: SVM) shares dropped more than 5% in today’s trade. The Vancouver, Canada-based company is engaged in the acquisition, exploration, development and mining of high-grade silver-related properties in China and Canada, last week reported record silver production and sales of the first quarter of fiscal 2012. Silvercorp reported record revenue of $69.7 [...]

Airline Stock Review: Delta Air Expansion Project “on Time”

Posted by on Jul 19, 2011 | No comment

Delta Air Lines Inc. (NYSE: DAL) shares inched upward today after the airliner announced that it is on schedule with the $1.2 billion expansion of Terminal 4 at John F. Kennedy International Airport, expected to open in 2013. Delta offers customers a virtual tour of the expanded terminal through a video available on Delta Air [...]

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