The Securities and Exchange Commission said on Wednesday that JPMorgan Chase & Company (JPM) agreed to pay more than $700 million to settle federal regulators' charges for an unlawful payment scheme that helped them win business involving municipal-bond offerings and swap-agreement transactions in Jefferson County , Alabama. JPMorgan Securities Inc, a division of JPMorgan Chase & Company, and two of its former managing directors, Charles LeCroy and Douglas MacFaddin, made those unlawful payments to win business and earn fees. The scandal was over the county's debt of around $4 billion which was pushing the county into the biggest municipal bankruptcy in U.S. history. JPMorgan Securities has agreed to pay a fine of $25 million and $50 million to Jefferson County . The company will also lose more than $647 million in claimed termination fees on the swaps. JPMorgan, LeCroy and MacFaddin were alleged to have ...

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Wednesday November 4, 2009

DrStockPick.com Stock Report!

PWRM, INTC, PSFT, JPM, AQNM, MSFT, CVAT, STEC, CSRH

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PSFT, Powersafe Technology Corp., PSFT.PK

PSFT subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

The devices are available in both Si and InGaAs/InP technologies. As compared to TO5 devices, these TO8 packaged detectors have 10-30X lower dark current depending on operating temperature. The Si devices offer flat and

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DrStockPick.com Stock Report!

Thursday August 20, 2009

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Elephant Talk Communications, Inc. (OTC Bulletin Board: ETAK), an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, announced second quarter 2009 financial results and is providing a shareholder update.

Dreams, Inc. (NYSE Amex: DRJ) the vertically integrated leader in the licensed sports products industry, today announced an agreement with JCPenney that provides customers the ability to purchase from a tremendous array of licensed sports memorabilia and apparel directly from the retailer’s online sports fan shop at (www.jcp.com). Representing the largest collaboration of its kind for Dreams, Inc., the new site provides an expanded offering

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Strategic American Oil Corporation is an up and coming young exploration and production company that made a major splash in the financial sector on August 6 when it announced that it has leased additional acreage in the Illinois Basin, which has the potential to recover approximately 4 billion barrels of oil according to the Illinois State Geographical Survey (ISGS).

Strategic has made their mark in Illinois with their mass amount of coverage. Currently, Strategic has leased 2,757.9 acres which cover several prospects in Jefferson County. In addition to this, the company leased 213.84 acres in Hamilton County which has been “farmed out” to Admiral Exploration Company with Strategic retaining a 5% ORRI (Overriding Royalty Interest) and a 10% back-in after payout.

ISGS has stated that Strategic’s Oakdale, Northeast, DST, and Waterflood Prospect (Jefferson County) are on trend with and offset fields that have produced 764,600 to 3,570,500 barrels of oil

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Gold declined gently throughout Far East and early European trading on Tuesday…and by shortly after lunchtime in London…had given up around four bucks. From there, a smallish rally developed that made an attempt to continue rallying on the Comex, but got cut off at the knees [at its high of the day] shortly after 9:10 a.m. Eastern time. This decline lasted until 1:15 p.m. in New York…and by the time electronic trading ended at 5:15 p.m. yesterday afternoon…gold was back to virtually unchanged from Monday’s close. Silver didn’t do much. It lost a dime in choppy trading.

I mentioned yesterday that the open interest decline on Friday [in that short-covering rally] would have been somewhat offset by the big rally that we had on Monday. Well, I was only partially right. Open interest for Monday’s big day showed a staggering increase…up 12,999 contracts to 393,536…on big volume of 139,361 contracts. Friday’s

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Just a few stray thoughts this morning.What did you think about the presidential debate? I watched so I wouldn't miss anything as opposed to expecting to hear something great.I think I have been consistent in expecting that Obama is going to end up winning (not a preference just an expectation) but one thing I just don't get and am surprised that we don't hear more about, but why do so many people think that a senator in his mid 40s serving first term (of which he has spent a lot of the time campaigning) is the best choice for the job?My dad made a comment about Palin lacking experience and having her only be one heart beat away makes him uncomfortable. Fair enough but Obama is only a couple of years older and he would be the heartbeat....