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| Gold ends solidly lower, hits 4-month low, on technical selling Commodity Online By Jim Wyckoff (Kitco News) - Comex gold futures prices closed solidly lower, near the daily low and hit a fresh nearly four-month low Thursday. ... See all stories on this topic » |
Unrest and revolution – led by Tunisia – highlights the fragility of European energy supplies…
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Range Resources to save money on new Puntland well, secures equity-line funding Proactive Investors Australia – 2 hours ago Range Resources' (ASX:RRS, LON:RRL) second well in the Puntland region of Somalia will be cheaper than expected, because the AIM-listed junior will be 'part-carried' by its partner Africa Oil Corp …
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Stocks trade flat after mixed earnings reports istockAnalyst.com – 2 hours ago (Source: Associated Press/AP Online) By CHIP CUTTER and DAVID K. RANDALL NEW YORK – Stock indexes were flat in midday trading Thursday after a surprise jump in applications for unemployment …
Stocks trade flat after mixed earnings reports
Boeing (NYSE:BA) Company has received a new aircraft order from Alaska Airlines. Boeing (NYSE:BA) Builds A Strong Track Record The airliner has announced that it has placed an order for 15 next-generation 737 aircrafts to Boeing (NYSE:BA) which includes two 737-800s and thirteen 737-900ER models. Upon delivery, these aircrafts will help Alaska Airlines to connect distant city pairs across continents, like Orlando and Seattle. Marlin Dailey, Boeing (NYSE:BA) Commercial Airplanes vice president of sales and marketing said, "Alaska Airlines has established a strong record of financial and operational performance by operating a highly flexible and efficient all-Boeing (NYSE:BA) 737 fleet. Adding these next-generation 737s demonstrates their hometown partner's strong investment in future growth, he continued, and speaks to the continuous improvements they are making to the aircraft in terms of passenger comfort, reliability, efficiency and economics." Boeing Co. (NYSE:BA) shares are currently standing at 70.02. Price History Last Price: 70.02 52 Week Low / High: 57.14 / 76 50 Day Moving Average: 66.16 6 Month Price Change %: 5.6% 12 Month Price Change %: 25.9%
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Market action through the first half of trading in the United States was not substantial enough to push index composites too far on either side of breakeven. Day’s end results though were on the positive side. Trend lines hovered around this point for the majority the first half of this trading day. Earnings reports came in earlier today via AT&T and Caterpillar. AT&T posted negative news as their earnings report revealed negative trending this quarter due, in part, to wireless contracts falling to lower levels not seen in several years. Caterpillar's report was a bit more positive as the company posted 4th quarter profits due to a stronger demand for mining and construction equipment. After close yesterday, Netflix posted a report displaying a 13% share surge and better than expected earnings. The Commerce Department reported today that the number of Americans filing for first time unemployment benefits moved higher by 51,000 this past week. 454,000 applied for first time unemployment benefits across out nation. This was somewhat unexpected and deflating to the economic recovery efforts. The Fed's stated this week that unemployment figures were not what they expect, and this recent data supports the continued economic stimulus. Continuing unemployment claims also rose more than anticipated last week as well. Stocks closed higher for today though. Microsoft helped bump up indexes after it posted a net income of over $6.5 billion. The Dow Jones Industrial Average ended the day in the green by .04% and it settled at 11,989.83. The Nasdaq ended higher by .58% and it ended the day at 2,755.28. The S&P 500 ended the session higher by .22% as it finished the session at 1,299.54. The dollar gained strength today as it moved ahead versus the euro and the British pound. Author: Frank Matto
Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.
Kaufman Brothers reiterated Buy rating and $118 price target on Baidu.com, Inc. (NASDAQ:BIDU). RBS maintained Sell rating and $85 price target on Baidu.com, Inc. (NASDAQ:BIDU). Citigroup maintained Buy rating and HK$21.50 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Goldman Sachs maintained Buy rating and HK$21.80 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Credit Suisse maintained Underperform rating and HK$14 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Nomura maintained Neutral rating and HK$4.80 price target on the Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Brean Murray initiated coverage of China Hydroelectric Corporation (NYSE:CHC) with Buy rating and $10 price target. Nomura maintained Buy rating and HK$95 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Roth Capital Partners downgraded China Natural Gas, Inc. (NASDAQ:CHNG) from Neutral to Sell, and cut price target from $5.00 to $4.50. Nomura maintained Buy rating and HK$13.50 price target on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU). Janco Partners maintained Buy rating on Changyou.com Limited (NASDAQ:CYOU), and raised price target from $41.84 to $42.94. RBS maintained Buy rating and $36 price target on Changyou.com Limited (NASDAQ:CYOU). Credit Suisse initiated coverage of E Commerce China Dangdang Inc (NYSE:DANG) with Neutral rating and $30.4 price target. Global Hunter Securities reiterated Buy rating and $18 price target on Deer Consumer Products, Inc. (NASDAQ:DEER). Roth Capital Partners maintained Neutral rating and $11.50 price target on Fushi Copperweld, Inc. (NASDAQ:FSIN). Global Hunter Securities reiterated Buy rating and $15 price target on Fushi Copperweld, Inc. (NASDAQ:FSIN). Roth Capital Partners maintained Buy rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and cut price target from $55 to $50. Brean Murray maintained Buy rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and cut price target from $55 to $49. Piper Jaffray reiterated Overweight rating on LDK Solar Co., Ltd. (NYSE:LDK), and maintained $25 price target. Bank of America Reiterate Neutral rating on LDK Solar Co., Ltd. (NYSE:LDK), with $14.50 price objective. Soleil Securities maintained Sell rating on LDK Solar Co., Ltd. (NYSE:LDK), with $8 price target. Global Hunter Securities reiterated Buy rating and $17 price target on Lihua International, Inc. (NASDAQ:LIWA). Goldman Sachs maintained Neutral rating and $84 price target on SouFun Holdings Limited (NYSE:SFUN). RBS maintained Buy rating and $94 price target on Sohu.com Inc. (NASDAQ:SOHU). JPMorgan reiterated Overweight rating on WuXi PharmaTech (Cayman) Inc. (NYSE:WX), and raised price target from $21 to $23.
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Analyst Actions on Chinese Stocks: BIDU, CEO, CHA, CHC, CHL, CHNG, CHU, CYOU … (Jan 27, 2011)
This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. This portfolio is better suited for investors nearing retirement, who want growth and income in a low-risk, broad-based portfolio. Its goal is capital appreciation and generating cash. This is considered an investment approach which is mid-way between aggressive growth funds and conservative income funds. 6 Top Fidelity Funds for Your 401k TICKER fund focus allocation FDGKX Dividend Growth Large Blend 25% FLPSX Low-Priced Stock Mid Value 20% FCNTX Contrafund Large Growth 15% FGBLX Global Balanced Large Growth 15% FFRHX Floating Rate High Income Bank Loan 15% FTQGX Focused Stock Large Growth 10% TOTAL: 100% Data as of Jan. 27, 2011.
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QUALCOMM Inc. ( NASDAQ: QCOM ) announced its results for the first quarter of fiscal 2011, with revenues at $3.35 billion, an increase of 25% year-over-year and 13% sequentially. The net income reported was $1.17 billion, an increase of 39% as compared to comparable period previous year and 35% sequentially. The diluted earnings per share stood at $0.71, an increase of 42% as compared to comparable period previous year and 34% sequentially. This quarter's performance was driven by increased demand for smartphones and data-centric devices across an expanding number of regions and price points. Qualcomm is in the business of designing, manufacturing and marketing digital wireless telecommunications products and services based on its code division multiple access technology and other technologies. Amylin Pharmaceuticals Inc. ( NASDAQ: AMLN ) recently reported its fourth-quarter and full-year financial results 2010, with net revenues at $668.8 million, which includes net product sales of $651.1 million, and revenues under collaborative agreements of $17.7 million for the full year. The operating loss was $4.4 million for the year as compared to a loss of $58.7 million for previous year. The net loss, excluding restructuring charges, was $135.5 million, or $0.94 per share, for the year as compared to $169.3 million, or $1.20 per share, for the previous year. The company reported revenue of $174.2 million for the quarter, including net product sales of $162.3 million and revenue under collaborative agreements of $11.9 million. The net loss, excluding restructuring charges, was $11.9 million or $0.08 per share for the quarter as compared to $44.7 million, or $0.32 per share for the comparable period previous year. Amylin engages in the discovery, development and commercialization of medicines. Starbucks Corporation ( NASDAQ: SBUX ) recently reported financial results for its fiscal first quarter 2011, with net revenues making a record $3.0 billion, an increase 8% as compared to comparable period previous year. The earnings per share reported a record $0.45, a 41% increase as compared to comparable period previous year. The comparable store sales increased 7%, driven by a 5% increase in traffic and a 2% increase in average ticket and U.S. comparable store sales increased 8%, driven by a 6% increase in traffic and a 2% increase in average ticket. The international comparable store sales increased 5%, driven by a 2% increase in both traffic and average ticket. Starbucks is the roaster and retailer of specialty coffee in the world, operating in more than 50 countries. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell any stock mentioned in this report at any time after this post.
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US Stock Futures Lose Early Gains After Data Wall Street Journal – 1 hour ago By Kristina Peterson Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US stock futures wiped out early gains on Thursday as an unexpected jump in jobless claims doused enthusiasm over corporate …
US Stock Futures Lose Early Gains After Data
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London stock market slightly higher by midday Trading Markets – 2 hours ago The London stock market went slightly higher by midday on Thursday with the leading FTSE 100 index up by 4.37 points, or 0.07 percent, at 5,973.58 points at noon. Shares in Mining companies went …
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Australia Shares End Flat As Flood Tax Announced Wall Street Journal – 6 hours ago SYDNEY (Dow Jones)–Australian stocks tracked sideways Thursday on low volumes as investors returned from their Australia Day public holiday to news of a A$1.8 billion tax to help fund …
Australia Shares End Flat As Flood Tax Announced
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Gold, Silver, Platinum and Copper contract prices went green across the precious metal board as of last session close. The dollar struggled versus the British pound and euro and safe haven precious metals trended higher. Gold futures for February delivery moved higher by 70 cents to $1,333. Silver bumped higher by 32 cents. Platinum moved higher by $9.60. Copper moved higher by about 4 cents. Trending for gold has been moving in a negative direction over the past month. The one month change for gold is negative by 3.70%. Silver has been trending a similar path over the past month. The one month change for Silver has been negative by 5.34%. The trending change for both Gold and Silver has been similar, but silver has shown a more dramatic decline over the last several weeks. Both trend lines are post an incline for recent trading values. Both Spot gold and Spot Silver are posting favorably. Spot gold per gram is green by .37 and is posting at 43.20. Spot gold per kilo is green by 370.06 and is posting at 43204.06. Spot silver price per kilo is posting green by 28.32 and is at 890.09. Spot silver price per ounce is posting green by .88 as it is at 27.68. Data reveals positive trending right now for precious metals across the board. Author: Camillo Zucari
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Market update (AM): Miners rise to the top as metal prices gain What Investment – 4 hours ago Miners were among the biggest risers in early trading with Randgold Resources leading the pack as metal prices gained. Randgold Resources saw share price rise by 5.6 per cent to 5,005p, while …
Alcoa Inc. (NYSE:AA) has been sued by a North Carolina environmental group. Environmental Group Impugns Alcoa Inc. (NYSE:AA) The environmental group informed Alcoa Inc. (NYSE:AA) that excessive discharges of cyanide and PCBs into the North Carolina lake by the company has provoked them for such a move. Environmental groups are required by law to give companies 60 days notice prior to filing lawsuits for violations of the federal Clean Water Act. The company spokesman Mike Belwood said that "The Company has rarely exceeded its state permit allowing limited discharges of industrial chemicals." Aloca Inc. (NYSE:AA) company shares are currently standing at 16.24. Price History Last Price: 16.24 52 Week Low / High: 9.81 / 16.72 50 Day Moving Average: 14.73 6 Month Price Change %: 46.3% 12 Month Price Change %: 22.6%
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Top 10 Dow 30 (DJIA) Stocks with Highest Momentum: XOM, CVX, DD, UTX, AA, WMT, CAT, PG, DIS, HD (Jan 27, 2011) China Analyst – 8 minutes ago Below are the top 10 Dow Jones Industrial Average (DJIA) stocks with highest price momentum, UPDATED TODAY before 4:30 AM ET. Exxon Mobil Corporation (NYSE:XOM) has the 1st highest price momentum …
Below are the top 10 most widely followed Small Cap stocks, UPDATED TODAY before 4:30 AM ET, based on the number of brokerage analysts following them. Two Chinese companies (STP, YGE) are on the list.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) is the 1st most widely followed stock in this segment of the market. It is covered by 45 analysts. It currently receives positive investment ratings from 13 brokerage analysts. SunPower Corporation (NASDAQ:SPWRA) is the 2nd most widely followed stock in this segment of the market. It is covered by 41 analysts. It currently receives positive investment ratings from 16 brokerage analysts. Leap Wireless International, Inc. (NASDAQ:LEAP) is the 3rd most widely followed stock in this segment of the market. It is covered by 28 analysts. It currently receives positive investment ratings from 7 brokerage analysts. athenahealth, Inc (NASDAQ:ATHN) is the 4th most widely followed stock in this segment of the market. It is covered by 28 analysts. It currently receives positive investment ratings from 6 brokerage analysts. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the 5th most widely followed stock in this segment of the market. It is covered by 27 analysts. It currently receives positive investment ratings from 15 brokerage analysts.
The Cheesecake Factory Incorporated (NASDAQ:CAKE) is the 6th most widely followed stock in this segment of the market. It is covered by 27 analysts. It currently receives positive investment ratings from 9 brokerage analysts. EnerNOC, Inc. (NASDAQ:ENOC) is the 7th most widely followed stock in this segment of the market. It is covered by 26 analysts. It currently receives positive investment ratings from 17 brokerage analysts. Knight Transportation (NYSE:KNX) is the 8th most widely followed stock in this segment of the market. It is covered by 26 analysts. It currently receives positive investment ratings from 12 brokerage analysts. Werner Enterprises, Inc. (NASDAQ:WERN) is the 9th most widely followed stock in this segment of the market. It is covered by 25 analysts. It currently receives positive investment ratings from 15 brokerage analysts. MedAssets, Inc. (NASDAQ:MDAS) is the 10th most widely followed stock in this segment of the market. It is covered by 24 analysts. It currently receives positive investment ratings from 18 brokerage analysts.
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Top 10 Most Widely Followed Small Cap Stocks: STP, SPWRA, LEAP, ATHN, YGE, CAKE, ENOC, KNX, WERN, MDAS (Jan 27, 2011)
The tone of this year's State of the Union speech is being touted as much friendlier to business, and much more focused on creating jobs and getting the nation's economic engine going again than any speech President Obama has ever delivered. The president spoke of corporate tax cuts, and a five-year partial federal spending freeze that he said would cut $400 billion from the deficit over a decade. That news was welcomed by Wall Street, but perhaps the most important lines of the speech, at least for investors, were the president's targeting of sectors he thinks the nation should "invest" in. The speech singled out three particular sectors that Mr. Obama wants to funnel taxpayer dollars toward—biotech, information technology and green energy. Here's the money quote from the State of the Union that could translate into a boom for these sectors: "This is our generation's Sputnik moment. Two years ago, I said that we needed to reach a level of research and development we haven't seen since the height of the Space Race. In a few weeks, I will be sending a budget to Congress that helps us meet that goal. We'll invest in biomedical research, information technology, and especially clean energy technology – an investment that will strengthen our security, protect our planet, and create countless new jobs for our people." When a president telegraphs the government's preference for specific industries the way Mr. Obama did, investors should take note. And regardless of whether you think it's appropriate for the federal government to choose which private industries to redirect taxpayer dollars, the fact is it is happening. Moreover, given the spending tendencies in Washington, you can bet that the largess going to these three sectors won't be a mere pittance. Translation—we could see a flood of new capital headed toward biotech, IT and green energy. Now, one thing nobody knows just yet is which companies in these particular sectors are going to profit the most from the government's spending spree. Until the budget is revealed, hashed out and passed, it really is just a guessing game as to which corporate entities benefit the most. But a lack of knowledge as to the specific companies getting money can be overcome by adding a basket of company exposure to these sectors via exchange-traded funds (ETFs). Here are a number of ETFs and individual stocks that investors should keep an eye on going forward. Biotech Stocks The president didn't say specifically what kind of spending would be pegged for biomedical research, so we are left a bit in the dark about exactly which segments of the biotech space will be getting federal money. That's ok though, because investors can get exposure to the entire sector via the biggest, most liquid and broadest-based ETF in the space, the iShares Nasdaq Biotechnology (NASDAQ: IBB ). This fund, which seeks to mirror the price and yield performance of the Nasdaq Biotechnology index, was up nearly 15% in 2010. The red-hot sector fund also recently hit a multi-year high. Top holdings in this fund include Amgen (NASDAQ: AMGN ), Celgene Corporation (NASDAQ: CELG ) and Gilead Sciences , (NASDAQ: GILD), all big name biotechs that will almost certainly be on the short list to receive some federal biotech research bucks. Information Technology Stocks The president singled out Google (NASDAQ: GOOG ) and Facebook as examples of American technological ingenuity, but he also said that taxpayer dollars were responsible in large part for creating the Internet. Look for IT infrastructure firms, and wireless infrastructure companies to capture a good dose of taxpayer capital when the spending spree begins. For Internet infrastructure company exposure, look at the Internet Architecture Holder (NASDAQ: IAH ). Top holdings here include tech stalwarts IBM (NYSE: IBM ), Cisco Systems (NASDAQ: CSCO ) and EMC Corp. (NYSE: EMC ), and though these companies may not receive any taxpayer dollars directly, the boosted spending in the space could have a spillover effect on the entire sector. As for wireless infrastructure companies, look at the Wireless HOLDRs (NYSE: WMH ), which has as its top holdings Crown Castle International (NYSE: CCI ), Qualcomm (NASDAQ: QCOM ) and Verizon (NYSE: VZ ). Green Energy Stocks The president said he wanted to end oil company subsides and shift from conventional fossil fuels to clean energy over the next couple decades. Now, we've heard talk like this before, and each time we hear it more money gets shunted toward solar, wind and nuclear energy spending. That's great for those sectors, as they actually have a hard time making it without federal subsidies. Of course, we don't know which alternative energy stocks are going to benefit most from new federal spending just yet, but we do know that we can cover most of our bases with one ETF. That fund is the PowerShares WilderHill Clean Energy (NYSE: PBW ). This ETF includes solar standouts Trina Solar (NYSE: TSL ), Renesola Ltd. (NYSE: SOL ) and JA Solar Holdings (NASDAQ: JASO ), but it also holds wind energy firm Broadwind Energy (NASDAQ: BWEN ) among other top alternative energy companies. Disclosure: As of this writing, Jim Woods did not own a position in any of the stocks named here.
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The Conference Board recently reported that the consumer confidence index rose from 53.3 in December to 60.6 in January. This is one positive sign for our economic recovery in America. The average unemployment rate in America recently fell lower as well, which is another positive sign. These data points individually however are not as important as the positive line of trending that needs to be seen from several positive points of data. We could begin to add to this data set today as the government will report initial claims for unemployment benefits later this day. The Feds recent assessment of the recovery and the unemployment situation across the United States wasn’t pessimistic, but it wasn’t glowing with positivity either. The Feds report that the economic recovery is not moving as fast as they would like, and the unemployment data is not improving as quickly as they would like to see happen either. The Feds will continue to move forward with a variety of methods to promote economic stimulus. The tax cut package put into effect last week is helping Americans take more pay home as it lowered potential income taxes and Social Security taxes. Unemployment is still the main concern however. The rate, 9.4 percent, is still at an unacceptably high level and the Feds are still looking for ways to bring this number lower, and keep the number lower at over time. The extension of unemployment benefits is helping those Americans out of work, but getting Americans back to work is the ultimate goal. Author: Stephen Johnson
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According to the U. S. Energy Information Administration, fossil fuels supply about 70 percent of the country’s requirements for electricity generation. Currently the dominant fossil fuels used by the industry are coal, petroleum, and natural gas. Many investors feel that the price of oil has peaked for now and is in a downtrend. Some analysts believe that due to the glut of natural gas and the recent major gas finds, that the price of gas will remain low for a while. The price of coal is much lower than it was in 2008. If this trend continues, investors could benefit from investing in utility stocks that use oil, gas, and/or coal as a major fuel source of electrical generation, since the cost savings for these companies should pass through to the bottom line. According to WallStreetNewsNetwork.com, there are around 30 electric utilities with yields above 4% . Many of these companies use fossil fuels as a significant source of fuel to generate electricity. For example, Pinnacle West Capital Corp. (PNW) has one of the heaviest exposures, with approximately 31% of its electric energy coming from natural gas and oil. About 38% comes from coal and 27% from nuclear. This Phoenix, Arizona based electric utility trades at 14 times earnings and provides a generous yield of 5%. Earnings for the quarter ending September 30 were up 25%. The company reports its latest earnings February 18. OGE Energy Corp. (OGE) has 38% of its energy coming from natural gas, with 60% from coal. The company serves the south central United States. The stock has a price to earnings ratio of 15 and a yield of 3.3%. Earnings for the quarter ending September 30 were up 19%. The company reports its latest earnings February 17. Westar Energy Inc. (WR) generates about 7% of its energy from natural gas, with 78% from coal and 14% from nuclear. This utility, which serves Kansas, has a PE of 13.8 and a yield of 4.8%. If you like utility stocks, you can find a free Excel database of utility stocks, which you can download, update and sort, at WallStreetNewsNetwork.com Disclosure: Author did not own any of the above at the time the article was written. By Stockerblog.com
High Yield Utilities that can Benefit from Lower Fossil Fuel Prices
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New Ratings (NBR, GOLD) TradersHuddle.com – 1 hour ago New York, January 27 th (TradersHuddle.com) – Following are some of the new analyst ratings before the market open. Nabors Industries (NYSE:NBR), the land driller contractor, was initiated with a …
Star Scientific, Inc (NASDAQ:CIGX) fell by 1.75% after hitting its day high of $2.08 on news of a favorable ruling received by Star by U.S. Patent and Trademark Office (PTO). Shares trade closed at $1.68 after trading in the range of $1.64-$2.08 on high volume of 6.89 million shares as compared to the average trading volume of 0.905 million shares. The shares trade in a 52-week range of $0.66-$3.69 and have a market capitalization of $200.77 million on 119.50 million shares outstanding. The Company had been granted its request to reopen the reexaminations of Star’s ’649 and ’401 patents as per the appeals of reexamination of Star’s ’649 and ’401 patents filed by RJ Reynolds Tobacco Company (RJR) in a patent infringement lawsuit against RJR. The PTO ruled that applicable PTO procedures had been satisfied by the Company and that the matters will now be returned to the panel of examiners for action on the merits of the patent claims. The Company had previously in May 2010 received a decision of intent to cancel the involved claims on the ground that Star had not filed a written record of an examiner interview. Star also provided that the Company's oral arguments in the June 2009 jury trial of its patent infringement lawsuit against RJ Reynolds Tobacco Company (RJR) has been heard by the US Federal Circuit Court of Appeals, located in Washington, DC, on January 11. The Company is confident to have a favorable ruling in both the lawsuit and patent reexamination process. Star Scientific, Inc. (Star Scientific) is engaged in the development of very low-tobacco-specific nitrosamines (TSNA), non-fermented smokeless tobacco products.
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Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The blue chip index briefly exceeded the 12,000 mark on Wednesday as strong home sales and the Fed’s decision to keep rates steady triggered a stock buying spree from investors. Dow briefly crosses 12,000 mark on strong home sales Around 10:15 a.m., the Dow Jones Industrial Average hit 12,020, 43 points or 0.4 percent up, a level reached on June 20, 2008. The Dow eventually closed 8 points or 0.1 percent to 11,985, the highest since June 19, 2008. The Standard & Poor’s 500 Index was up 5 points or 0.4 percent closing at 1,296. The Nasdaq rose 20 points or 0.7 percent to close at 2,740. Oil for March delivery rose $1.14 or 1.3 percent to settle at $87.33 a barrel. Gold futures for February delivery rose 70 cents to settle at $1,330 an ounce. Article
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