Limited Brands Inc. (LTD) reported results for the third quarter of fiscal 2009 with earnings of 2 cents per share. Earnings were below the Zacks Consensus Estimate of 6 cents but were up 50% compared to the prior-year quarter.   Net sales for the quarter declined 3.5% year-over-year to $1.7 billion due to a 2% decline in comparable same store sales (comps).   According to channels, comparable same store sales of Victoria’s Secret channel contracted 4% as bra sales rose only modestly by low single-digits, while panties sales were down low single-digits. However, beauty sales were flat year-over-year as declines were fully offset by new launches and the strong performance of core products.   Bath & Body Works channel’s comparable store sales increased 2% during the quarter. The channel benefited from the improvement in the merchandise margin rate.   Gross margin for the quarter expanded 16 basis points

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Ocean Power Technologies (Australasia) Pty Ltd (OPTA), a subsidiary of Ocean Power Technologies, Inc., announced on Friday, November 6, the award of a grant from the Federal Government of Australia (FGA).

This grant to OPTA, in partnership with Leighton Contractors Pty Ltd (Leighton), is for $66.46M to build a wave power project off the Australian coastline near Victoria, expected to generate power in the 19-megawatt (MW) range.

This project is the sole wave power-based item among four renewable energy projects awarded funding by the FGA. OPTA and Leighton have formed a special-purpose company, Victorian Wave Partners Pty Ltd, via a collaboration agreement signed in late 2008, to implement wave power-based systems off Australia’s Southeastern coastal areas.

OPTT is an industry leading innovator in wave power architectures; systems which harness the tidal forces of bodies of water to generate electricity. With direct access to a $150B power generation equipment market via

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American Apparel is a vertically integrated branded fashion apparel in downtown Los Angeles. Operating more than 275 retail stores in 20 different countries, the company recently announced its newest store opening in Victoria, British Columbia.

The store is located on Lower Johnson Street, a short walk from popular boutiques, restaurants and cafes in the area. The company renovated the 3,000-square-foot space with archive photos of the building’s original look.

“Lower Johnson is the perfect street for our brand and we were very set on having our only store in Victoria on this street as opposed to the malls or another more commercial street. We wanted this to be convenient to the loyal customers who had been driving all the way to Vancouver to shop at American Apparel,” Dan Abenhaim, American Apparel’s Canadian operations manager stated in the press release.

The store is American Apparel’s 41st Canadian store, and will offer

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Amid a challenging global retail environment, Limited Brands Inc. (LTD) was able to deliver better-than-expected second quarter 2009 results. Limited’s second quarter EPS (excluding one-time items) were 19 cents, well above the expected range of 11 cents to 16 cents, surpassing the Zacks Consensus Estimate of 16 cents. However, EPS dipped 29.6% year over year compared to 27 cents in the prior-year quarter. For the third quarter of 2009, Limited now expects to report a net loss per share in the range of 7 cents to 12 cents. However, the company has raised its outlook for full-year 2009 earnings and now expects EPS in the range of 75-90 cents, up from 67-87 cents forecasted earlier. On a reported basis, EPS fell 23.3% to 23 cents from 30 cents reported in the prior-year quarter. Revenue for the quarter declined 9.5% to $2,066.6 million compared to $2,284.3 ...

Kinross Gold Corp. (KGC) recently said that it has subscribed 2 million units of BCGold Corp. in a private placement. Each unit consists of one-and-a-half of one common share purchase warrant. Each warrant allows the holder to buy one common share at an exercise price of CAD $0.12 (11 cents) for a period of 12 months following the closing of the private placement.

After the private placement, Canada-based Kinross will hold a 16% stake, or about 6 million shares and 1.5 million share purchase warrants, in BCGold. The subscription price for the units is CAD $0.06 (5 cents) each for an aggregate purchase price of CAD $120,000 (US $110,724). Kinross already owned 12.8% of BCGold. BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in British Columbia and the Yukon.

Kinross had recently subscribed 12.5 million units of Canada-based Victoria Gold Corp. Each unit

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DrStockPick.com Stock Report!

Wednesday August 5, 2009

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Anadarko Petroleum Corporation (NYSE:APC) today announced that Jim Kleckner, Vice President, Operations, will present at the 2009 EnerCom Oil & Gas Conference in Denver, Colo. on Thursday, Aug. 13 at 10:30 a.m. MDT. A link to the webcast presentation will be available at www.anadarko.com. The replay also will be available on the company’s Web site for approximately 30 days following the event.

Terra Industries Inc. (NYSE:TRA) today confirmed receipt of a letter from CF Industries Holdings, Inc. (NYSE:CF) in which CF Industries indicates that it is “prepared to enter into a merger agreement under which each Terra share would be exchanged for 0.465 of

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Prana Biotechnology Ltd., an Australian company established to commercialize research into Alzheimer’s Disease and other major age-related neurogenerative disorders, today announced that it has secured a key patent protecting its clinical drug (PBT2) with the European Patent Office. The patent covers the composition of matter of selected families of 8-Hydroxyquinoline compounds, including PBT2, and the uses of such compounds for the treatment of neurological diseases, such as Alzheimer’s Disease and Huntington’s Disease.

PBT2, the company’s lead Alzheimer’s Disease compound, has already demonstrated safety and tolerability in early Alzheimer’s Disease patients in a Phase IIa study. It has also shown improvement in executive function, an important aspect of cognitive performance, along with reducing the levels of Abeta in the spinal fluid of patients. Abeta is a key protein associated with the disease. PBT2 is designed to improve cognition by preventing the formation of toxic forms of the Abeta protein in the

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Flying home from our conference in Victoria, and looking out the window of the airplane taking me home, I begin to understand the vast opportunity we have by looking over the rooftops of homes and business parks alike.

The thought that jumps to mind is that solar power isn’t going to be “alternative energy” for much longer.

In spite of the current economic malaise and market downturn we’re navigating through, solar energy is one of the few bright spots (pun intended) in the alternative energy space.

The reason?

Continued advances in solar panel technology are resulting in cheaper, more efficient panels. Government subsidies at both the state and federal levels are making the installation of residential solar more compelling than ever.

Here’s why solar is looking brighter by the day, and a major retailer that could change everything.

The Solar Energy Industry’s Solar Cell Production

For the past few years, the solar power industry has

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Solar Energy: A Bright Spot In The Alternative Energy Sector

by David Fessler, Advisory Panelist

Flying home from our conference in Victoria, and looking out the window of the airplane taking me home, I begin to understand the vast opportunity we have by looking over the rooftops of homes and business parks alike.

The thought that jumps to mind is that solar power isn’t going to be “alternative energy” for much longer.

In spite of the current economic malaise and market downturn we’re navigating through, solar energy is one of the few bright spots (pun intended) in the alternative energy space.

The reason?

Continued advances in solar panel technology are resulting in cheaper, more efficient panels. Government subsidies at both the state and federal levels are making the installation of residential solar more compelling than ever.

Here’s why solar is looking brighter by the day, and a major retailer that could change

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The global economic meltdown has struck golf industry, dragging on tourism and travel, delaying golf course construction, and curbing club membership rolls.

Now, even the crown jewels of the sport – the Professional Golfers Association (PGA) and Ladies Professional Golfers Association (LPGA) – have been tarnished by financial scandal and sponsorship defections

The most recent scandal to hit Wall Street had PGA Tour players concerned about more than just tournament highlights as they teed off Thursday at the Northern Trust Open at Riviera Country Club in Los Angeles.

Many tour members at Riviera were struggling to comprehend the potential implications of the financial scandal involving tournament sponsor Stanford Financial Group, and that company’s chairman, Robert Allen Stanford.

As reported by Money Morning on Friday, the U.S. Securities and Exchange Commission is investigating the

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