industry / Top Stories
Longwei Petroleum (LPIH.OB) Reports Net Income and Revenue Guidance for Fiscal 2009Longwei Petroleum Investment Holding Ltd. (LPIH.OB), one of the leading distributors and wholesalers of diesel, gasoline, kerosene and fuel oils in Taiyuan City in the People??s Republic of China, recently announced revenue of approximately $197 million for the fiscal year ended June 30, 2009. The company??s net income totaled $23.9 million, equating to earnings per [...]
IB Times Tuesday, September 15, 2009Wykanta Acquires Asian Distribution Rights for Global Biotech Corp.??s (GBIQ.OB) ProductsGlobal Biotech Corp., a publicly traded green consumer health products development company, recently announced that Wykanta International, Inc., an international nutraceuticals company, is acquiring the exclusive Asian distribution rights for all of Global Biotech??s product line. This agreement includes Global Biotech??s leading oxygenated product ??Aquaboost?,? a water product well-positioned to become a leader in the [...]
IB Times Tuesday, September 15, 2009Protalix Biotherapeutics, Inc. (PLX) Completes Phase III Trial for Gaucher Disease TreatmentProtalix Biotherapeutics, Inc. continues to make headlines with its innovative compound, a recombinant form of glucocerebrosidase (prGCD). Last week, the company released that its compound had received the FDA??s Orphan Drug Donation. Yesterday, the company announced that they have completed the Phase III trial for prGCD. The compound is designed to treat Gaucher disease, a [...]
IB Times Tuesday, September 15, 2009The Muscle Flex, Inc. (MFLI.PK) VATA Brasil(TM) Sports and Active Wear Collection to Be Included in Nominee Gift BasketMuscle Flex Inc. announced this morning that its VATA Brasil(TM) Sports and Active Wear Collection will be included in the prestigious and exclusive “Everybody Wins at the Emmys Gift Basket” produced by Lash Fary and Distinctive Assets (www.DistinctiveAssets.com). Lash Fary founded Distinctive Assets which has provided the most coveted and sought after Gift Baskets to [...]
IB Times Tuesday, September 15, 2009Consorteum Holdings, Inc.??s (CSRH.OB) Business Model Fits into Many Diverse MarketsConsorteum Holdings Inc., the innovative payment
technology and applications company, has identified significant opportunities in the North American marketplace for all aspects of their business model. To this end, the company has worked on building solutions that are now portable into many diverse markets. For example, the solution set that the company has built for the [...]
IB Times Tuesday, September 15, 2009What Glut? Oops, Maybe There Is A Glut After AllFor weeks the talk in the investment world and the
energy business was what would happen when the glut of natural gas rendered winter storage no longer an option.
rigzone.com Tuesday, September 15, 2009Brazil's New Oil Law Could Be Approved Next YearThe chief
executive officer of Brazil's state-controlled
energy firm Petrobras said proposed legislation governing subsalt discoveries in the country could be approved in February or March.
rigzone.com Tuesday, September 15, 2009The Old Man and the Sea of OilOil bulls are putting their faith in an old man and a little boy. They hope the former, Saudi Oil Minister Ali Naimi, is right in saying there has been "a fundamental change" in the oil
market. They hope the latter, El Nino, will go easy on them.
rigzone.com Tuesday, September 15, 2009Kroger 2nd-qtr profit down, full-year forecast cutSupermarket operator Kroger Co posted quarterly profit below Wall Street estimates and trimmed its full-year forecast, sending its shares down 6.3 percent.
IB Times Tuesday, September 15, 2009Duke picks Convergys to support smart gridDuke
energy Corp picked Convergys Corp to provide billing and customer
management solutions in support of the utility's smart grid initiative for its four million electric and gas customers in five states, the companies said in a release Tuesday.
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