ChinaTel Group Inc. provides high speed wireless broadband and telecommunications infrastructure engineering and construction services. The company recently signed two stock purchase agreements calling for a $640 million investment into the company, which will equip it with enough funds to move forward with its expansion plans.

The combined investment represents 48 percent of the company’s total outstanding shares, valuing ChinaTel at more than $1.33 billion. By March 1, 2010, ChinaTel will have received $241 million, and said it expects to receive the remaining balance of $399 million by June 1, 2010.

“With this infusion of capital, we can pursue our global expansion plans, and accelerate the deployment of the Chinacomm network in the Peoples Republic of China (PRC). We expect to complete build-out of the first 12 PRC cities by June 2011. When completed, the Chinacomm network will be one of the largest wireless broadband networks

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National Automation Services Inc., a growing control systems integration company based in Nevada, has been quietly growing a strong customer based of cities and towns in the Southwest. These are municipalities that have come to depend upon National for water and other processing solutions, and they’ve done much to solidify the company’s positive reputation.

Wastewater treatment involves extensive processing and National has shown its ability to apply a wide range of technologies to solve customer problems. In particular, National has performed extensive water related processing engineering and implementation work for municipalities throughout the state of Arizona.

• Phoenix, Arizona – National designed remote terminal units to deliver and meter all reclaimed water for golf courses and parks, involving PLC programming and integration for tying totalized data back to the city’s DCS (distributed control system) at the associated water reclamation plant. • San Carlos

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Newport Digital Technologies, Inc. announced earlier today that it has launched the installation of the Worldwide Interoperability for Microwave Access (WiMax) base station and long range subscriber stations, encompassing four buildings for Newport Center Medical Plaza in Newport Beach, California. Newport Center Medical Plaza is one of the largest medical complexes in California with more than 300 doctors and dentists.

This project is a result of the current Phase I installation project with the Orange County Department of Education’s (OCDE) Learning Resources Center (LRDC) in Costa Mesa, California. It has been designed to confirm NPDT’s WiMax solution as a leading edge product for the commercial vertical market. NPDT will also use this installation to validate the potential of a recurring revenue model based on private business subscriptions for a high-speed, secure wireless solution.

Once finished with the first phase, NDPT will install

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AstraZeneca (AZN) received approval from the US Food and Drug Administration (FDA) for expanded use of one of its key drugs, Crestor (rosuvastatin calcium). The drug can be used to treat patients with normal cholesterol levels but with increased risk of cardiovascular disease. Earlier, in December 2009, Crestor received a positive opinion from the Endocrinologic and Metabolic Drugs Advisory Committee (EMDAC). The committee voted 12-4 in favor of the drug after analyzing its benefits in some patients. However, they were concerned about the drug’s use on patients with low risk.   The FDA approval was based on data presented from the JUPITER (Justification for the Use of statins in Prevention: an Intervention Trial Evaluating Rosuvastatin) study conducted on 17,802 patients. It was observed that Crestor lowered deaths, heart attacks and strokes in middle-aged people (above 50 years) with normal cholesterol level suffering from heart disease.

Crestor is one of AstraZeneca’s

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Cousins Properties Inc. (CUZ), a real estate investment trust (REIT), reported dismal fourth quarter 2009 results, with FFO (fund from operations) of $7.3 million or 7 cents per share, compared to $10.2 million or 20 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.   The year-over-year decrease in FFO was primarily due to large impairment charges recorded in the quarter. Excluding the one-time charges, FFO for the quarter was $11.5 million or 11 cents per share. For full year 2009, FFO was approximately ($92) million or ($1.40) per share. Excluding the non-recurring items, FFO for full year 2009 was 50 million or 77 cents per share.   Total revenues were $65.5 million during the quarter versus $52.7 million in the year-ago period. ...