Jason Bush in Forbes suggests that Russia's recovery may be buoyant: 'while the Russian government is still cautiously forecasting 2 percent GDP growth in 2010, many independent economists are already predicting growth of as much as 5 percent next year'.  Oleg Deripaska's heavily-indebted RusAl has made a deal to sell 1.68 million tons of aluminum to Chinese state corporation Norinco over seven years.  Renault COO Patrick Pelata has told the press that whilst the French car giant will support bankruptcy-skirting Avtovaz, the company will not supply the cash booster shot that the Russians allegedly want.  Corporate loan portfolios and overdue corporate loans fell slightly in September, as the ruble gained in value.  The Russian Gold Industrialists Union has announced that gold production rose 14.6% in the first nine months of 2009, year-on-year, an increase they attributed to a number ...

One company that has been getting attention from the investment community is Magnum D’Or Resources. The young Florida Company with a Canadian presence has positioned itself to become a global leader in rubber and scrap tire recycling and its Next Generation technology could potentially revolutionize the industry worldwide. Today, all of their hard work was recognized with a major announcement.

In a press release, Magnum, whom recently has been breaking new ground at their Colorado site, announced they would have Colorado State and local representatives visit their facility on November 2nd of this year. The new site, which has been completely cleaned and renovated, will be one of the cornerstones to their future success.

One of the main reasons Magnum has spread so far so fast is Bryan Brammer. Brammer, who serves as Magnum’s COO, came to the Magnum team in September of this year as the Corporate

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Pay88, Inc. reported yesterday that its wholly-owned subsidiary Qianbao Technology will act as a distributor for Alibaba.com Limited (HKSE: 1688.HK). Pay88 already has an established network of users in Southwestern China where the distribution for Alibaba will occur.

Pay88, Inc. is a rapidly growing digital technology company and the leading reseller of internet game time in China. Alibaba.com Limited (HKSE: 1688.HK) is the world’s largest marketplace for global trade and the leader in business-to-business (B2B) e-commerce. The agreement will enable Pay88 to expand products in its current distribution pipeline while opening new geographic markets up to Alibaba.

Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, “Pay88’s diverse distribution channels and strong presence in Chongqing and the southwest regions of China offer a unique opportunity to utilize the strengths of both companies.”

Tao Fan, COO of Pay88, added, “As a result of this new relationship, Qianbao Technology will

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Euro Telecom Giants Swap Numbers, Agree Mega Merger

by Martin Denholm, Senior Editor

It’s Friday night…

French telecom firm Orange is standing at one corner of the bar, sipping a fine Bordeaux. Its German rival T-Mobile is propped up at the other, slugging down a hearty Hefeweizen.

Their eyes lock. The deal is on.

Before you know it, the two have swapped numbers and arranged to get together.

That’s the deal that has the European telecom sector buzzing at the moment, as Deutsche Telecom’s T-Mobile and France Telecom’s Orange have agreed to merge their British operations.

The result is a veritable cellular beast, boasting 24.8 million customers, vaulting it to the top of the pile in the U.K. and knocking Telefonica’s O2 into second place. The T-Mobile-Orange partnership would own almost 40% of the British mobile market and bring together two firms with combined annual sales

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It's a relatively quiet week on the earnings front with only 50 companies scheduled to report, including a smattering of retailers and food companies. Only 2 S&P 500 members are on tap to report including Campbell Soup Co. (CPB) and National Semiconductor (NSM).

The economic calendar is also quiet to start the first "real" trading week in September, as Wall Street comes back from August vacations. It's a shortened trading week due to the Labor Day holiday on Monday.

Monday: Markets closed for Labor Day Tuesday: ICSC-Goldman Store Sales, Redbook Wednesday: Beige Book Thursday: International trade, weekly jobless claims, weekly natural gas inventories, weekly crude inventories Friday: Import and export prices, University of Michigan consumer sentiment survey for September, Treasury budget Volume is likely to return to more "normal" levels to start the week. Despite recent weakness in the markets, the bulls remain in charge. Wall Street will also be watching trading

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With just 51 companies scheduled to report, economic news will be at the forefront. The only S&P 500 members on the earnings calendar are Brown Foreman (BF.B) and Ciena (CIEN)

The economic calendar is pretty packed with the August ISM surveys, August employment data and minutes from the last Fed meeting all scheduled to be released. Adding to the potential volatility will be light volume, particularly on Friday afternoon as many traders leave early for the holiday.

Monday: August Chicago PMI Tuesday: August ISM manufacturing index, August auto sales, July construction spending, July pending home sales Wednesday: August ADP employment survey, August Fed minutes, July factory orders, revised Q2 productivity, weekly crude inventories, weekly mortgage applications Thursday: August ISM services index, weekly initial jobless claims, weekly natural gas inventories Friday: August unemployment rate and nonfarm payrolls

No Fed officials are scheduled to speak.

The U.S. financial markets will be closed on Monday,

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China Growth Development Inc. is a Chinese commercial property developer, investor and operator of commercial property in Shanxi Provence, China. The company recently reported its 2009 second-quarter financials, posting an increase in revenue and net income.

For the second quarter ended June 30, 2009, China Growth reported revenue at $4.18 million, up 12 percent from the $3.74 million reported for the second quarter of 2008. The company attributes the boost to expansion of shopping malls and initialization of their operations, as well as to deferred payments from commercial tenants.

Sam Liu, COO of China Growth, said the positive results reflect the company’s ability to execute expansion efforts.

“We are pleased at our progress and ability to deliver solid results this quarter,” Liu stated in the press release. “Our expansion projects have lead the way to increased revenue, and that is a perfect example of our growth strategy succeeding. We are

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SpongeTech® Delivery Systems, Inc. was pleased to announce today that it has partnered with an additional high profile team in the National Football League (NFL), the Cleveland Browns. Becoming a proud partner of the Browns, the company now has the opportunity to promote their Uncle NormanTM’s Pet Sponge. SpongeTech will receive prominent in-stadium signage, on-site product kiosks and run various local promotions to market its products.

“We are excited to partner with the Cleveland Browns,” commented Steven Moskowitz, COO of SpongeTech. “This partnership will allow us to leverage the synergy between the Dawg Pound and our Uncle Norman’s Pet Sponge Product and we are looking forward to taking advantage of the Browns’ proactive efforts in promoting our product line.”

SpongeTech currently sponsors the Cincinnati Bengals, New York Giants, Tampa Bay Buccaneers, Houston Texans and New York Jets. The company aims to continue growing its sports sponsorship portfolio in 2009, previously

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China Voice Holding Corp. is a company with a portfolio of next-generation communications products and services doing business in mainland China as a licensed telecommunications company. Through its subsidiaries, the company provides VoIP telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services.

China Voice Holding is managed by a team of professionals with experience in the communications industry both in the US and in Asia. Here is the company’s management team:

Hin Hiang Khoo, Chairman of the Board – Mr. Khoo is an international business advisor and entrepreneur who has assisted many companies in their public flotation around the globe during the last 40 years. He is also chairman of VolUM Technologies, a communications software company based in Singapore. Mr. Khoo was a partner in Softgen, a telecom software company that was purchased by a US

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JASO, JA Solar Holdings Co., Ltd.

SPNG, SpongeTech Delivery Systems Inc, SPNG.OB

 

DrStockPick Watch List!

DrStockPick Watch List! for Friday July 24, 2009

 

My Picks for Friday July 24, 2009 are:

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JASO, JA Solar Holdings Co., Ltd.

JASO is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs.

JASO sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

JASO’s Headquarters is located in Shanghai, China with current manufacturing facilities located in Ningjin, Hebei

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