Today, 310 Holdings, Inc. announced that it has changed its corporate name to JBI, Inc. The company will announce a symbol change when available. Despite a name change, JBI is still committed to investing its resources in long-term, highly sustainable growth and real value through its recently acquired subsidiaries.

JBI also announced that its unaudited, nine month consolidated pro-forma revenues totaled $10,156,919, with reported net earnings at $167,398. The company’s total assets valued at $22,486,751. Full financial details are available at www.sec.gov on the Form 8-K filed with the Securities & Exchange Commission on October 7, 2009.

John Bordynuik, JBI CEO and President, stated, “Currently, we are working to integrate the Company’s recently acquired wholly owned subsidiary Pak-It, LLC’s ‘Made In Canada’ manufacturing and marketing operations with that of JBI. Also, I am pleased that the Company is profitable in light of the recently incurred, non-recurring costs and fees associated with our

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The longer the rally persists, the more dangerous it becomes.

The S&P 500 is up almost 60% since March. The Dow just had its best quarter since ’98.

Yesterday, the Dow slipped 29 points. Is the rally finally rolling over? Or is this a genuine bull market, just taking a pause?

If it is a real bull market it’s a funny-looking bull – one that is missing parts!

For example, corporate earnings are missing. P/E ratios are rising far above the corporate earnings that support them. This puts the market 35% overvalued on a cyclically-adjusted P/E basis, says Smithers & Co.

And if you look at it in terms of its “q” ratio – a comparison of capitalisation and replacement costs – the S&P is even more overvalued. As for emerging markets, “they’re off the charts,” says the Financial Times.

Another missing part is the consumer. This from David Rosenberg:

“ Consumer confidence not only

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Easy Energy, Inc. announced, as represented in a Form 4 filing with the Securities & Exchange Commission (SEC), that the Company’s Chief Executive Officer, Guy Ofir, purchased 1,404,153 common stock shares from two individual shareholders for a total cost of $188,394.53.

CEO Guy Ofir stated, “I firmly believe that the Company’s publicly traded share price undervalues the true equity of our Company given our recent sales announcement and our world-wide marketing plan going forward. For this reason I elected to consummate this private sale and further demonstrate my enthusiastic belief in our Company’s business model and vision.

Let us hear your thoughts below:

Smart Grid Investing: How Our Nation’s Future Energy Security Can Boost Your Portfolio Now

by Dave Fessler, Advisory Panelist

The “Smart Grid.”

You may have heard the media toss the term around recently. But ask the next 10 people you meet to tell you something… anything… about it, and I’ll wager that you’ll get deafening silence.

The reason? All of us take electricity – and the system that generates and distributes it – for granted. And despite having spent my entire professional life as an electrical engineer, I’m guilty as charged, too.

So what is the Smart Grid? How will it work? And why is it important to our nation’s future energy security? Read on for details, including two companies working to boost the nation’s power capacity that you can add to your portfolio today…

Why Our Current Systems Are Maxed Out…

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Negative news flow continues for the U.S credit rating agencies, as a U.S. federal judge rejected the appeal by Morgan Stanley (MS), Moody’s Corporation (MCO) and McGraw-Hill's (MHP) Standard & Poor’s to dismiss the fraud charges brought against them for not disclosing the risks associated with an investment related to subprime mortgages. This fraud claim was brought against the defendants by Abu Dhabi Commercial Bank and King County in Washington State. However, U.S. District Judge Shira Scheindlin dismissed all claims brought against a fourth defendant, Bank of New York Mellon Corp. We believe this ruling could adversely affect the prospects of these credit rating agencies as it might strengthen other pending cases against them. Recently, the rating agencies have been in the news for providing inaccurate information about some securities to certain clients. After that, the Securities & Exchange Commission (SEC), the market watchdog, ...

Standard and Poor’s Rating Services (S&P) recently downgraded American Capital’s (ACAS) long-term counterparty credit rating to "B-" from "BB-". The outlook is negative. S&P expressed concern about the rapid decline in the company’s realized earnings, debts and the deteriorating performance of its portfolio companies.

American Capital has been significantly hurt by the financial downturn. It reported a loss of $2.52 per share in the second quarter compared with a loss of 34 cents in the year-ago period. Realized loss per share was $1.41 in the quarter compared with a gain of 95 cents a year earlier. It also defaulted on $2.3 billion of debt repayments.

On an operating basis, American Capital earned 9 cents per share in the second quarter compared to the Zacks Consensus Estimate of 20 cents.

According to S&P, American Capital’s balance sheet will take time to recover after the severe impact. During this period,

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In a filing with the Securities Exchange Commission (SEC), American Capital (ACAS) has said that it may offer up to $1.5 billion aggregate of common stock, preferred stock and debt in one or more offerings from time to time. The filing was done on Wednesday. Like other entities, American Capital has been facing the fallout in the financial markets and as such, this step would help to preserve its capital. The company intends to use the proceeds from the offerings for general corporate purposes. These may include investment in middle market companies in accordance with the company’s investment objectives, repayment of indebtedness, acquisitions and other general corporate purposes. American Capital has been significantly impacted by the negative developments in the financial world. Last month, the company reported a loss of $547 million. It also defaulted on $2.3 billion of debt repayments. Current recessionary conditions have ...

Hard times seem far from over for Dell (DELL). The company’s Chairman Michael Dell and Chief Executive Officer Kevin Rollins are encountering problems on all fronts.

Trouble started with the Sony (SNE) laptop battery fiasco back in 2006, which prompted the company to recall over four million units. More recently, management decided to terminate its agreement with Intel (INTC) and use Advanced Micro Devices (AMD) chips instead. We believe this could impair consumer confidence, especially since rumblings of customer dissatisfaction are getting louder.

Further, one of its most successful business strategies is also not working well. Dell used to attract clients by displaying cheap products on the company website. Customers browsing the website would end up spending an additional $2500 on PC accessories.

This scenario is changing rapidly since PCs with enhanced processors and accessories are now easily available at stores. Rivals HP (HPQ),

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Do you remember the first time you saw a rain drenched Peter Finch scream, “I’m as mad as hell, and I’m not going to take this anymore!”? We do. We were too young to see Network in the cinema (the movie came out the year we were born: 1976). Instead, we watched it late one night on TV. And we’ll never forget the moment when Finch’s character, news anchor Howard Beale, arrives in the television studio in his tan raincoat with a deranged look on his face and begins to speak to camera.

I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth; banks are going bust; shopkeepers keep a gun under the counter; punks are running wild in the street, and there’s nobody anywhere who seems ...

– Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), the two last major investment banks left standing after the carnage Wall Street, have ended the era of investment banking by changing their status to bank holding companies. The change means the two firms can now create commercial banks that will be able to take deposits.

– The move marks a sea change on Wall Street 75 years since the Glass-Steagall Act that separated them from deposit-taking banks. The Federal Reserve will now take over from the Securities Exchange Commission as regulator of the two banks.

– “The decision marks the end of Wall Street as we have known it,” said William Isaac, a former chairman of the FDIC. “It’s too bad.”

– Concern is growing that Hank Paulson’s vast rescue plan for Wall Street may “crush” the dollar. According to Bloomberg: “The combination of spending $700 billion on soured mortgage-related assets and providing $400 …