Edison International (EIX) bagged an approval from the California Public Utilities Commission (CPUC) to construction the Devers Palo Verde2 Transmission Line project in California. The project is being built by its subsidiary Southern California Edison (SCE). The $537 million, 150-mile long transmission line project, once completed, will be able transmit 1.2 GW of electricity from renewable sources to customers in Southern California.   The transmission line will connect SCE’s Devers Substation near Palm Springs to the company’s proposed Midpoint switchyard near Blythe, California. Additionally, SCE will build a 42-mile, 500-kilovolt transmission line between the Devers substation and its Valley substation in Riverside County as part of the project.   The transmission line project will provide the capability to meet generation developers’ request for interconnecting new renewable and conventional generation projects in the solar energy rich areas of Southeastern California. By providing these developers with the means to access ...

This morning the S&P Case-Schiller index was released. The Composite 20 index (C-20), which covers 20 of the largest metropolitan areas in the country rose by 0.27% on a seasonally adjusted basis (home prices are seasonal, so the adjusted data is what you should be looking at -- most of the press makes a mistake by focusing on the unadjusted data, thus these figures might vary from what you read elsewhere). That was the fourth straight increase. The Composite 10 (C-10) index, which is a subset of the Composite 20, but which has a longer history, posted a 0.36% increase for the month. On a year over year basis, the C-20 is down by 9.39% while the C-10 is down 8.53%. While it was an increase, it was a smaller one than was expected. The consensus of economists was looking for a C-20 year-over-year decline of just 9.10%. ...

The Beverly Hills Corporation Cardo Medical, Inc. has been gaining a reputation on Wall Street and in the medical field alike. As a leader in the development of reconstructive orthopedic and spinal surgery products, Cardo has a robust and innovative product pipeline. Today, Cardo announced that it has completed the previously disclosed private placement transaction, successfully raising $6.2 million.

With an array of products on display in the medical field through Cardo, the corporation intends to use this capital for the integration of recent acquisitions and the release of its total knee system which has the potential to evolve into a state-of-the-art development in the orthopedic industry.

Leading the way at Cardo is Andrew Brooks, M.D. who serves as their Chairman and CEO. Prior to starting Cardo in 2007, Dr. Brooks gained a stellar reputation in both the medical and business arena when he founded Specialty Surgical Centers, a

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Tuesday October 20, 2009

DrStockPick.com Stock Report!

BAC, PSFT, PWRM, SO, CSRH, NYX, CVAT, ATVI, AQNM

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BAC, Bank of America Corporation

BAC is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

BAC today announced a strategic alliance with Avjet Corporation, a leading aviation services provider based in Southern California, providing preferred financing terms for clients who finance their aircraft through BAC and take advantage of the business aircraft management services of Avjet.

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PSFT, Powersafe Technology Corp., PSFT.PK

POWERSAFE

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Air Products (APD) acquired a new steam methane reformer (SMR) hydrogen facility from MarkWest Energy Partners L.P. (MWE). The facility, which is under construction, is in Corpus Christi, Texas. The company did not disclose the financial details of the transaction.   This acquisition further reinforces Air Products’ position as a leading hydrogen provider in the U.S. Gulf Coast. The company said that the new facility, which is expected to be operational in March 2010, will produce over 30 million standard cubic feet per day. It will be owned and operated by Air Products.   The companies also signed a separate long-term supply agreement whereby Air Products will provide hydrogen and steam to MarkWest.   Earlier this year, Air Products strengthened its U.S. Gulf Coast hydrogen pipeline network with the successful completion of a pipeline connection across Lake Pontchartrain. The company said that this enhances the supply reliability ...

Sempra Energy (SRE) posted strong second-quarter results with earnings of $1.06 per share that topped the Zacks Consensus EPS estimate by 11.6% or 11 cents. This is commendable since GAAP EPS fell to eighty cents lower than the year-ago EPS of ninety-eight cents due to an asset write-off charge of twenty-six cents per share.   Sempra Energy is an energy services holding company involved in the sale, distribution, storage and transportation of natural gas. The company operates through two segments – Sempra Utilities and Sempra Global.   Quarterly Results

The Southern California-based company’s revenue, however, declined by a third year-over-year to $1.7 billion due to lower demand in the quarter. The downside came from both Sempra Utilities and Sempra Global.

This, coupled with the asset write-off from the Liberty gas storage project, brought net earnings down by 19%. However, year-ago earnings had included a $37 million gain from the Sempra Commodities

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Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing.

Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Trouble is, some of the statistics are frightening:

One-third of those surveyed don’t believe they’ll ever be able to afford a home. Forty-two percent of those who once purchased a home, but ...

Home Ownership: How to “Buy on Fear” in Real Estate

by Marc Lichtenfeld, Advisory Panelist

Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing.

Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Trouble is, some of the statistics

...

Almost half of all American adults no longer believe that home ownership is a realistic way to build wealth. That’s according to Gail Cunningham of the National Foundation for Credit Counseling, quoted in Barron’s this week.

Given that home ownership is a cornerstone in almost every wealth-building plan, this is astonishing. Even if the days of selling a house for an enormous profit are over, building equity in a home beats the pants off paying rent.

Of course, home ownership is not always better than renting, but in most cases, it still is. And even if home prices are flat, building a little bit of equity makes it worth the cost of ownership, especially when you add in the tax breaks associated with owning a home.

Home Ownership Statistics Are Disconcerting

Trouble is, some of the statistics about home ownership are frightening:

One-third of those surveyed don’t believe they’ll ...

Headquartered in Huntington Beach, California, Bio-Clean International, Inc. owns a minority interest in American Bio-Clean Corporation (ABC). American Bio-Clean is the exclusive, worldwide distributor of EnviroSystems EnviroTru® Disinfectant, Deodorizing and Sanitizer Cleaning Products for federal government and military facilities. ABC is a Service Disabled Veteran Owned Small Business (SDVOSB), which markets and distributes Bio-Clean International, Inc.’s cleaning fluids and parts/weapons cleaning machines.

Bio-Clean’s exclusive, non-toxic, bio-remediation fluids provide an environmentally-safe solution. Their exclusive products and machines have undergone testing and have shown to be in complete compliance with environment regulations. Bio-Clean International, Inc. trades on the Pink Sheets

Bio-Clean also has their majority-owned subsidiary, American Bio-Tech Cleaning, Inc. (ABT). ABT designs and manufactures customized parts and weapons washing/cleaning systems that are eco-friendly, using a water-based cleaning fluid integrated with a self-contained bio-remediation process.

The Company also maintains a minority interest in Veterans Training Corporation, (VTC). VTC is also a SDVOSB business,

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