CombiMatrix Corporation ( NASDAQ: CBMX ), stock of the company has jumped more than 20 % without any specific news or announcements.We recommend a cautious trade alert and traders might prefer not to initiate buy positions.
Last News was its quarterly earnings. Company has reported a net loss of $ 0.26 per diluted share compared with a profit of $ 2.14 per diluted share a year earlier.The profit in 2010 Jan - Mar quarterly earnings was primarily due to gain of litigation settlement payment of $ 19.4 million.
Last News was its quarterly earnings. Company has reported a net loss of $ 0.26 per diluted share compared with a profit of $ 2.14 per diluted share a year earlier.The profit in 2010 Jan - Mar quarterly earnings was primarily due to gain of litigation settlement payment of $ 19.4 million.
Clean Diesel Technologies, Inc. (NASDAQ: CDTI) ("Clean Diesel"), a cleantech emissions reduction company, announced today that its Heavy Duty Diesel Systems division has received nearly $2.0 million in orders for its verified (approved) emission reduction products. Stock exploded more than 74 % in the morning trade with unusually high volumes. Traders might initiate buy positions for intra day gains,but investors might wait for stock to come down a little to have decent investment profits. Stock might give you handsome returns even at this levels.
Below is the press release:
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| Clean Diesel Technologis Ltd |
(PRNewswire) -- Clean Diesel Technologies, Inc. (NASDAQ: CDTI) ("Clean Diesel"), a cleantech emissions reduction company, announced today that its Heavy Duty Diesel Systems division has received nearly $2.0 million in orders for its verified (approved) emission reduction products. Clean Diesel's receipt of these orders, which represent approximately 200 emission reduction systems, follows the announcement on April 6, 2011 by the State of California's Air Resources Board (CARB) of a special compliance option for California on-road diesel fleets pertaining to the current "Truck and Bus Regulation." CARB offered an early action compliance credit for trucking fleets that install a diesel particulate filter by July 1, 2011 or that made a commitment to purchase a diesel particulate filter by May 1, 2011. The early action "buy-one-get-one-free" credit applies to heavier trucks and there is no limit on how many trucks in the fleet can earn the early adoption credit.
Charles Call, Chief Executive Officer of Clean Diesel Technologies, Inc., said, "The orders that we have been anticipating to meet California's aggressive on-road diesel emissions standards have started to flow. This first wave is preliminary but it is the signal we have been waiting for. Ultimately, we believe that well over 100,000 trucks will have to comply with the regulations, largely between 2012 and 2014. This is excellent news and comes as a result of CARB's leadership and commitment; California continues to meet its air quality obligations by providing businesses with a variety of options to reduce soot from diesel engines. Our customers' need for economical solutions that satisfy environmental regulations has been at the heart of our technology strategy. The CARB incentive program clearly demonstrates that this technology can be good for business and the environment.
"Our existing broad portfolio of verified products coupled with additional technologies that we are in the process of obtaining approval for, are a huge benefit for us. We now have customer-ready products to sell throughout 2011 with potentially more products available in 2012 and beyond. Our customers can have confidence in the technology choice they must make to meet emissions standards. We, as a company, are prepared to meet this expected growth in demand in 2011 and beyond."
The recently announced CARB incentive program means that if fleet owners install a diesel particulate filter early on one truck, they will have the option to defer compliance for a second truck in the fleet until January 1, 2017. Air Resources Board (ARB) Chairman, Marcy D. Nichols, made the following statement in the CARB announcement, "California fleets need to act now in order to take advantage of this special offer to clean up their fleets so that they are further along in complying with ARB's diesel reduction regulations. Acting now not only makes good business sense, it also means communities can breathe cleaner air sooner."
The Truck and Bus Regulation, introduced by CARB in 2008, was established to control emissions, from nearly all existing diesel powered heavy-duty trucks and buses operating in California, with phase-in compliance beginning in 2012. The regulation includes a mandate that all 1996 through 2006 class 7 and 8 diesel trucks, or "heavier" trucks meet state emission standards between 2012 and 2016, with 90% required by January 1, 2014. Clean Diesel's analysis suggests that approximately 125,000 existing registered trucks in the State of California which are subject to this regulation can achieve compliance utilizing Clean Diesel's retrofit solutions. Although owners of these trucks have a number of options, Clean Diesel believes a significant portion will choose to retrofit their trucks to meet regulatory compliance. With its broad portfolio of verified emission reduction products - recently enhanced by CARB's expanded verification of certain key diesel particulate filters – and additional solutions being developed, Clean Diesel considers itself well positioned to provide emission reduction products to help customers meet increasing regulatory requirements while improving air quality.
About Clean Diesel Technologies, Inc.
Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California, along with its wholly owned subsidiary, Catalytic Solutions, Inc., and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden. For more information, please visit www.cdti.com and www.catsolns.com.
Forward-Looking Statements Safe Harbor
Certain statements in this news release, such as the estimate of the number of trucks that will need to comply with the CARB regulations and the number of trucks that can achieve compliance using Clean Diesel's retrofit solutions, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known or unknown risks, including those detailed in Clean Diesel's filings with the U.S. Securities and Exchange Commission, uncertainties and other factors that may cause the actual results, performance or achievements of Clean Diesel to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Clean Diesel assumes no obligation to update the forward-looking information contained in this release.
SOURCE Clean Diesel Technologies, Inc.
Freescale Semiconductor Holdings Ltd ( NYSE: FSL ) issued shares in initial public offerings at $ 18 per share
and lists today at NYSE above its issue price and trading at $ 19.05.
and lists today at NYSE above its issue price and trading at $ 19.05.
Apple Inc is fighting against the scam of the computer virus that infected its line of Mac computers.
The company has issued a security advisory warning to customers about a recent scam that infects Macs with malicious software that wrongly tells them their computer is infected with a virus. The ultimate goal is to get credit card numbers and other valuable personal information.
It is one of the first major campaigns that cyber crooks have launched against Mac users. To date, criminals have focused on writing malicious software for machines running Microsoft Corp's Windows operating system, which inhabits more than nine of every 10 personal computers.
But as Macs have grown in number, they have become more attractive targets.
The fake anti-virus malware is downloaded when people click on links from tainted search engine results for popular queries, according to anti-virus software maker McAfee Inc. It also spreads when users click on links to malicious sites that might be included in emails, Tweets or Facebook messages.
Apple said it will issue an update for its Mac operating system "in the coming days" that will automatically find and remove malicious fake anti-virus software. It will also warn Mac users when they download such programs.
In the meantime, Apple has issued advice on how users can clean up machines that have been infected by the malicious software, which goes by names including MacDefender, MacProtector and MacSecurity. (http://support.apple.com/kb/HT4650)
Copyright 2011 Reuters.
BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) today presented positive data from its two completed, randomized, double-blind, placebo-controlled Phase 2 studies of BCX4208 in patients with gout at the Annual European Congress of Rheumatology hosted by the European League Against Rheumatism (EULAR) in London, U.K. Stock of the company has jumped 8% in premarket trade
A "growing and dangerous" trend of antibiotic resistance among humans that has been traced in part to the overuse of antibiotics in animal feed led several health and consumer organizations to sue the U.S. government Wednesday, demanding action, the groups said.
The lawsuit in U.S. District Court in Manhattan asked the court to declare that the Food and Drug Administration had violated federal law by failing to withdraw approval of using penicillin and tetracyclines in animal feed when animal health is not at stake.
It said the FDA concluded in 1977 that feeding animals low doses of certain antibiotics could promote antibiotic-resistant bacteria that could infect people, but failed to act to curb their use. As a result, it said, about 80 percent of all antibiotics used in the United States are now used in livestock to promote faster animal growth on less feed, to treat sick animals and to prevent diseases that occur when animals are kept in cramped, unsanitary conditions.
"The misuse and overuse of antibiotics has given rise to a growing and dangerous trend of antibiotic resistance," the lawsuit said. "Increasingly, bacteria are resistant to not one but multiple antibiotics, resulting in infections that are difficult to treat, require longer and more expensive hospital stays, and are more likely to be fatal."
The FDA does not comment on pending litigation, spokeswoman Siobhan DeLancey said.
The lawsuit said research has shown that the antibiotic-resistant bacteria can be transferred from animals to people through direct contact, environmental exposure and the consumption and handling of contaminated meat and poultry products.
"More than a generation has passed since FDA first recognized the potential human health consequences of feeding large quantities of antibiotics to healthy animals," said Peter Lehner, executive director of the Natural Resources Defense Council Inc., an environmental and public health advocacy group and one of the groups in the suit. "Accumulating evidence shows that antibiotics are becoming less effective, while our grocery store meat is increasingly laden with drug-resistant bacteria."
In a release, Lehner added that the FDA risked endangering the primary purpose of antibiotics: "saving human lives by combating disease."
The group said the antibiotics are added to feed or water for pigs, cows, chickens and turkeys at levels too low to treat disease, enabling bacteria to survive in a form stronger and more resistant to medical treatment.
The lawsuit said the worst possible outcome was described by the Institute of Medicine of the National Academy of Sciences, which warned that the "specter of untreatable infections — a regression to the pre-antibiotic era — is looming just around the corner." It also cited a 2009 estimate by Cook County (Illinois) Hospital and the Alliance for the Prudent Use of Antibiotics estimating that antibiotic-resistant infections from all sources cost Americans between $16.6 billion and $26 billion annually.
According to the lawsuit, livestock producers have been adding low doses of antibiotics to the feed of healthy animals since the 1950s.
Other groups involved in the lawsuit are the Center for Science in the Public Interest, Food Animal Concerns Trust, Public Citizen and the Union of Concerned Scientists. They said in a release that the FDA has never fully responded to citizen petitions some of them submitted in 1999 and 2005. They said they filed suit because of growing evidence that the spread of bacteria immune to antibiotics worldwide has clear links to the overuse of antibiotics in the food industry.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
According to the data from Commerce department, Us economy grew at an annual rate of 1.8 percent in the first quarter of 2011 from Jan-March. Weak growth of the US economy mainly contributed by surging gasoline prices and sharp spending cuts from the government. Consumer spending grew only half the rate than that of previous quarter, below estimated.
That was the same as the government's first estimate a month ago. Consumer spending grew at just half the rate of the previous quarter. And a surge in imports widened the U.S. trade deficit.
Many economists believe the economy is growing only slightly better in the current April-June quarter. Consumers remain squeezed by gas prices near $4 a gallon and renewed threats from Europe's debt crisis.
( Source: Reuters )
( Source: Reuters )
Johnson & Johnson plans to seek approval for 11 new medicines between now and 2015 as it drives a revival of its pharmaceuticals business.
The diversified healthcare company, whose prescription medicines have dragged down company earnings in the past two years due to generic competition, also plans to seek more than 30 approvals for product line extensions over the same time period.
J&J highlighted its strategy on Thursday ahead of a six-hour meeting with analysts to review its pharmaceuticals business.
The company also plans to expand geographically, including increasing investments in emerging markets. It also cited Japan as a key growth market, with the company planning to launch seven drugs in the country this year.
J&J last month reported stronger-than-expected quarterly earnings as rebounding prescription drug sales overshadowed declines in sales of over-the-counter medicines that have been plagued by recalls.
( Source: Reuters )
( Source: Reuters )
The Federal Reserve should begin to hike interest rates in coming months, the Organization for Economic Cooperation and Development said on Wednesday, as it raised its outlook for US economic growth.
In its semi-annual forecast, the OECD said it sees US economic growth of 2.6 per cent in 2011, up from its forecast last November for growth of just 2.2 per cent.
The outlook, however, is much lower than the Fed's own "central tendency" estimates, which as of April 27 pegged growth for this year in the 3.1 per cent to 3.3 per cent range.
Despite what it sees as significant potential downside risks to expansion from higher energy and commodity prices, the OECD recommends the Fed begin slowly withdrawing some of its extraordinary aid to the economy as 2011 progresses.
"A modest reduction in monetary stimulus should get under way in the second half of this year," the OECD said in its report.
Alan Detmeister, the OECD Economics Department's US desk officer, said in a press briefing the Fed should raise its benchmark federal funds rate to 1 per cent from the current zero to 0.25 per cent range before the end of the year.
Continued high levels of unemployment are not enough of a reason to keep rates at rock-bottom lows, the OECD said, since low rates raise the risk of future bubbles or inflationary shocks. The group predicts the US jobless rate, currently at 9 per cent, will remain close to 8 per cent for much of 2012.
"At present there is little sign that continued extraordinarily loose monetary policy settings have increased inflation expectations more than a small amount or are resulting in another asset price bubble," the OECD added, citing oil and other commodities as a "possible exception."
The OECD expects the trend of subdued inflation to continue for the foreseeable future, predicting US consumer price inflation of 1.9 per cent for this year and just 1.3 per cent next year -- well beneath the Fed's implicit target of 2 per cent or a bit below.
The Fed looks set to complete its $600 billion bond-buying program aimed at keeping long-term rates down in June, as scheduled. Its balance sheet now stands at a record $2.74 trillion, but a large amount of bank reserves remain parked at the Fed rather than being lent out to businesses.
A LITTLE TOO LOOSE?
Still, the OECD's call for rate hikes, potentially controversial given a still-fragile US recovery, appears to be based on the presumption that rates are so far below their normal levels that the tightening process must begin soon.
The agency that controls the new landmark tower rising at the World Trade Center approved a deal Wednesday that will bring in magazine publisher Conde Nast as a tenant, adding some glamour to a redevelopment project draped in patriotism.
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| Conde Nast |
Conde Nast, the publisher of Vogue, Vanity Fair and The New Yorker, among other magazines, will occupy more than 1 million square feet of the building, on 21 floors.
The board of the Port Authority of New York and New Jersey voted to approve a $1.9 billion, 25-year lease with the publisher for new offices at 1 World Trade Center, the skyscraper formerly known as the Freedom Tower.
It becomes the second corporate tenant to ink a deal for space in the tower, and its presence is almost sure to inspire more buzz than the first entity to sign on, a Chinese real estate investment firm.
"From travel to fashion to cultural critiques, the Conde Nast imprint lends authority to any subject. The same can be said with real estate," said the Port Authority's executive director, Christopher Ward. He called the company a "trend setter," and noted that its previous move to Times Square in 1999 helped solidify that once-seedy district as a proper corporate address.
In a statement released by the Port Authority, Conde Nast chairman S. I. Newhouse Jr. said the company has thrived in New York "in part due to the city's indefatigable energy, power and vitality."
"We are proud to be taking part in the revitalization of lower Manhattan," he said.
One World Trade is slated for completion in late 2013. At 1,776 feet, it will be the tallest building in the U.S., and the centerpiece of a redeveloped ground zero. About 1.8 million square feet of office space in the building are still available for rent. The deal calls for Conde Nast to take possession of its space in the building in 2014.
The steel frame of the tower now reaches 66 stories of a planned 104 designed to punctuate the rebuilt site of the World Trade Center, which was destroyed in the Sept. 11, 2001, terrorist attacks.
The skyscraper is one of several envisioned at the site, along with a Sept. 11 memorial, transit hub and performing arts center.
Julie Menin, chairwoman of the community board that covers the World Trade Center site, said she expected the company's arrival to spark growth in restaurants, retail and amenities.
"This is great news for downtown and hopefully will be a harbinger of many other leases to come," she said.
The search for an anchor tenant from the private sector had lasted years, through complex and sometimes contentious dealings with multiple stakeholders.
"There were a lot of bumps along the way, but this will be an incredible testament to the citizens of our city, of how we have rebuilt," said William C. Rudin, chairman of the civic group Association for a Better New York.
Conde Nast's move from midtown Manhattan to lower Manhattan was a natural progression, Rudin said. Cost-conscious publishers who weathered an industry-wide downturn as advertising rates plummeted and viewers migrated online were eager to get better deals for their money, he said, and lower Manhattan frequently offers more space at a variety of price points.
© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
