For Immediate Release

Chicago, IL – November 10, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JP Morgan Chase (JPM), U.S. Bancorp (USB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

Bank Failure Tally Reaches 120

The FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of United Security Bank; Liberty Bank and Trust Company, New Orleans, Louisiana, to assume all of the deposits of Home Federal Savings Bank;

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Regulators shut down 5 more banks in Georgia, Michigan, Minnesota, Missouri and California; tally hits 120 so far this year  U.S. regulators on Friday shuttered five more institutions in Georgia, Michigan, Minnesota, Missouri and California , as the recession continues to take its toll on banks. This takes the total number to 120, compared to 25 in 2008 and 3 in 2007.  As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more failures. However, the regulators are trying to avoid panic by seizing banks slowly. Also, the slow pace of seizing could be a strategy as it is hard to get buyers for so many failed banks.  The failed banks were -- Georgia-based United Security Bank of Sparta with total assets of $157 million and total deposits ...

China Wi-Max Communications, Inc., a Denver, Colorado-based telecommunications company formed to exploit the booming Chinese broadband market, has announced a comprehensive strategy to leverage its network foothold in Beijing.

The Founder and Chairman, Dr. Allan Rabinoff, said he was pleased to announce this offering of wireless broadband to customers in Beijing and that the initiative would be led by President and CEO Steven T. Berman. Rabinoff went on to say that Mr. Berman would “play a critically important role in the successful execution of our growth strategy.”

Mr. Berman brings his vast 20 years of business and legal experience in many aspects of telecommunications to bear in executing this bold new strategy. Mr. Berman is a bar-certified attorney, having received his Doctorate at the University of Wisconsin Law School in 1987, and has diverse background experience as a practicing attorney.

Mr. Berman was appointed President and CEO 8 months ago, and

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DrStockPick.com Stock Report!

Wednesday August 26, 2009

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Schering-Plough Corporation, (NYSE: SGP), today announced that the European Medicines Agency (EMEA) has validated (accepted for review) the company’s Marketing Authorization Application (MAA) for a fixed-dose combination of mometasone furoate and formoterol fumarate for the maintenance treatment of asthma in patients 12 years of age and older. The company also announced today that the EMEA has validated the MAA for nomegestrol acetate (2.5 mg) / 17 beta-estradiol (1.5mg), a combined oral contraceptive (COC) containing a unique combination of a natural estrogen identical to the estrogen produced by a woman’s own body and a selective progestin

Marathon Oil Corporation (NYSE: MRO) announced today

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DrStockPick.com Stock Report!

Tuesday July 28, 2009

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Cardiome Pharma Corp. (NASDAQ: CRME) today announced that it has earned a US$15 million milestone payment from its collaboration with Merck & Co., Inc., through an affiliate. The milestone was triggered by the submission, by Merck, of a Marketing Authorisation Application (MAA) to the European Medicines Agency (EMEA) seeking marketing approval for vernakalant (iv) in the European Union.

MakeMusic, Inc. (NASDAQ: MMUS) announced today the release of SmartMusic(R) 2010, a free update for all current subscribers of SmartMusic, the music learning software for band, orchestra and choir. A guided tour, demonstrating what’s new in SmartMusic 2010, can be viewed at the SmartMusic website.

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a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_T9VXVyuEITg/SSfQXZfpwKI/AAAAAAAAAls/Lj1wys_5L-Y/s1600-h/southcarolina.jpg"img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 320px; height: 240px;" src="http://4.bp.blogspot.com/_T9VXVyuEITg/SSfQXZfpwKI/AAAAAAAAAls/Lj1wys_5L-Y/s320/southcarolina.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5271410989259669666" //abr /A state of white sand beaches, mountain trails, and historic sites… And it is not Hawaii; we are talking about South Carolina. Some other facts that you may not know about South Carolina follow:br /br /1. South Carolina’s GSP ranks 28th nationally, with a total of $152 billion.br /2. The state offers low corporate income taxes and no state property tax as a way to attract new business to the state.br /3. Tourism industry produces $16.7 billion each year.br /4. The top agricultural commodities are broilers, greenhouse and floriculture products, turkeys and cattle and calves.br /5. South Carolina’s agribusiness provides employment for 200,000 workers.br /6. Forests cover 2/3 of South Carolina’s surface and they provide for one of the state’s most valuable crops: timber, which produces $835 million annually.br /7. Mined ...

Labor Day is around the corner, so we can expect low volume.  That should lead to more volatility this week -- up, down or both -- but it may not count for much in the long term.  This is a good week for watching and waiting.

News of Interest

ECONOMY

U.S. and Global Economies Slipping in Unison

Only a few months ago, some economists still offered hope that robust expansion could continue in much of the world even as the United States slowed. Foreign investment was expected to keep replenishing American banks still bleeding from their disastrous bets on real estate and to provide money for companies looking to expand. Overseas demand for American goods and services was supposed to continue compensating for waning demand in the States. Now, high energy prices, financial systems crippled by fear, and

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On Friday August 22nd, The Columbian Bank and Trust Company in Topeka Kansas, was shut down by that state’s Office of the State Bank Commissioner. The FDIC (Federal Deposit Insurance Corporation) was named as receiver and it has signed an agreement with Citizens Bank and Trust of Chillicothe, Missouri, to have that bank buy the deposits of The Columbian Bank and Trust. This is the ninth federally insured bank to fail this year.

The Columbian Bank and Trust had nine branches, total assets of $752 million and total deposits of $622 million. The bank’s branches will reopen on Monday as branches of Citizens Bank and Trust.

As the economy weakens and the credit crisis takes its toll, we are seeing more and more banks fail. With the exception of 2002 when we had twelve bank failures, the nine bank failures in 2008 so far, is already at least more than twice

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