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Monday Nov 23, 2009

DrStockPick.com Stock Report!

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, expects to complete phase II clinical validation trials of its blood serum diagnostics for Alzheimer’s disease (NuroPro-AD), and Parkinson’s disease (NuroPro-PD) in 2009 and for breast cancer in 2010, followed by filings with the FDA.

FirstEnergy Generation Corp., a subsidiary of Akron, Ohio-based FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating

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A. Schulman Inc. (SHLM) reported fiscal fourth-quarter results before the opening bell today. The company swung to a GAAP net loss of $7.9 million from a GAAP net profit of $4.7 million in the year-ago quarter. Excluding charges related to restructuring and asset impairment, adjusted earnings per share came in at $5.4 million, or 21 cents per share, beating the Zacks Consensus Estimate by 4 cents. A. Schulman is an international supplier of high-performance plastic compounds and resins, which are used in a variety of consumer, industrial, automotive and packaging applications. The company is engaged in three types of business, including engineered plastics, master batch and distribution services and employs about 2,200 people across 16 manufacturing facilities in North America, Europe and Asia. The Akron, OH-based company’s sales slipped 35.3% year over year to $320.6 million as sluggish demand in end markets amid the global economic ...

Goodyear Tire & Rubber Co. (GT) will release its sales and earnings results for the third quarter before the markets open on Wednesday, Oct 28. The Akron, Ohio-based tire manufacturing company – one of the largest worldwide – reported a net loss of $221 million or 92 cents per share in the second quarter of 2009, worse than the Zacks Consensus Estimate loss of 72 cents per share. The company reported earnings of $75 million or 31 cents per share in the same quarter a year back.   Total segment operating income plummeted 93% to $24 million in the second quarter from $330 million in the prior-year quarter. This can be attributed to continued weak demand that resulted in a negative volume impact of $129 million and under-absorbed fixed costs of approximately $250 million prior to a restructuring actions benefit.   However, Goodyear witnessed a sequential improvement in ...

The Goodyear Tire & Rubber Company (GT) has revealed details about its master labor contract, ratified by members of the United Steel Workers (USW) union on Sep 18. The master contract covered about 10,300 employees at seven tire plants in the U.S. The plants are in Akron, Ohio; Buffalo, New York; Danville, Virginia; Fayetteville, North Carolina.; Gadsden, Alabama; Topeka, Kansas; and Union City, Tennessee.  The master contract is expected provide Goodyear with cost savings of $215 million over its term. Combined with savings realized through pre-bargain agreements to reduce staffing levels at five plants, the company expects to realize $555 million in total savings over the term of the agreements.  The contract also allows Goodyear to invest $600 million over the term of the agreement in its USW facilities to make them more efficient and productive. Additionally, it provides continued job security for six of the ...

 

PennyOmega.com Hot Stock News & Alerts!

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Wednesday September 9, 2009

PennyOmega.com Stock Report!

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China Armco Metals, Inc. (OTC.BB:CNAM), a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China, today announced that Armco Metawise, Ltd. the Company’s wholly owned subsidiary, has completed delivery of iron ore to a China based steel company pursuant

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The Goodyear Tire & Rubber Co. (GT) revealed that it reached a tentative four-year agreement on a United Steel Workers (USW) deal, about three hours before a midnight deadline for expiration last Saturday. The new contract covers about 10,300 employees at seven tire plants in the U.S. The plants are in Akron, Ohio; Buffalo, New York; Danville, Virginia; Fayetteville, North Carolina.; Gadsden, Alabama; Topeka, Kansas; and Union City, Tennessee.

The three-year old contract has been extended twice. Goodyear was in talks with USW in Cincinnati since June 8. The steelworkers were adamant throughout the negotiations about maintaining their job security. However, Goodyear did not disclose any details about the deal, especially on job cuts and plant closures.

Goodyear is focused on streamlining its operations by achieving cost reductions of $2.5 billion by 2009. Of this, the company already achieved $1.8 billion by the first half of the year. Goodyear anticipated that

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FirstEnergy Corp. (FE) stated yesterday that its previously announced tender offer for its Series B Notes due 2011, with coupon rate of 6.45%, is oversubscribed. The company has increased the size of the offer to $1.2 billion from $725 million. The increased cap is to match the $1.253 billion principal amount of the Notes already tendered by holders.   FirstEnergy intends to fund the repurchase either through liquid cash or by delving into its $2.75 billion revolving credit facility from 25 banks. On a pro-rata basis, the company will disburse $1,092.50 to holders of per $1,000 principal amount of Notes who have tendered before the original deadline of midnight Aug 17, 2009. However, holders who have tendered subsequent to that will receive $1,062.50 per $1,000 principal amount of Notes.   FirstEnergy’s move to clean its balance sheet will further strengthen its financial profile. The high dividend yielding (5.04%) ...