Element 21 Golf is a maker and developer of golf and fishing equipment that is produced from the company’s proprietary Scandium Alloys. Element 21 says Scandium Alloys were previously used as one of the materials in the construction of the MiG fighter jet and are now used by the company to make fishing rods and golf shafts. The international markets for golf and fishing total $5.5 billion and $4.8 billion in sales annually, respectively. Earlier this week, PGA professional Vijay Sigh won Deutsche Bank Championship using Element 21 shafts. Singh currently is not an official endorser of the company’s products.

Singh’s win marked the third time in the past month a player has won a PGA tour event using Element 21 shafts. Element 21’s Eagle One Scandium Alloy shafts are manufactured using a proprietary 25-step production process to create a seamless, extruded shaft. The company’s shafts reduce vibration upon impact and

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A number of big Wall Street banks are reportedly becoming “increasingly nervous that Russia’s high-risk, high-reward environment is becoming too much about the risk.” US electronics chain Best Buy Co will begin expanding into Russia. Russian aircraft company MiG held its first meeting to discuss its massive liabilities.