Archive for September 9th, 2009

Ocean Power Technologies Announces Results for the First Quarter Ended July 31, 2009 (Business Wire)

PENNINGTON, N.J.—-Ocean Power Technologies, Inc. announces its financial results for the first quarter ended July 31, 2009 of its fiscal year ending on April 30, 2010.

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Health reform must cut spending, but that won’t be enough (CNNMoney.com)

President Obama says reforming health care is central to the task of getting the government’s long-term financial problems under control. And he’s right.

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Consumers won’t bail out economy (CNNMoney.com)

Don’t look to consumers to spend their way to an economic recovery.

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Kittitas County, CWU Lead Partnership to Seek Approval as State’s First Renewable-Power Innovation Partnership Zone (Business Wire)

ELLENSBURG, Wash.—-Building on its expanding wind and solar power industry, Kittitas County is joining with Central Washington University, the Economic Development Group of Kittitas County, Puget Sound Energy and enXco to create a broad public-private partnership focused on renewable power research and job growth.

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US firms recall green onions, fearing bacteria (AP)

Two California produce shippers have recalled thousands of cases of green onions supplied by an onion farm in Mexicali, Mexico, over fears the onions could be contaminated with salmonella.

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Barrick Gold to eliminate hedges, plans offer (AP)

Barrick Gold Corp., the world’s biggest gold producer, said Tuesday it plans to eliminate all of its gold hedges and raise $3 billion in a share offering to help pay for the move.

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Fed: consumers cut debt by record $21.6B in July (AP)

Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.

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Wall Street ends up on M&A hopes, strong commodities (Reuters)

U.S. stocks advanced on Tuesday on an uptick in corporate deal activity while the weak dollar led to gains in commodities, lifting shares of oil and mining companies.

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NYSE Euronext to sell stake in Amex options unit (AP)

NYSE Euronext Inc. said Wednesday that it plans to sell a “significant” stake in its NYSE Amex options unit to seven Wall Street brokers.

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Ahead of the Bell: Apple hosts music-themed event (AP)

A new generation of iPods may be on the agenda at Apple Inc.’s media event Wednesday, but even the sleekest, shiniest gadget will take back seat if CEO Steve Jobs makes an appearance.

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