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Market Wire - Oil & Gas
» Quest Resource Corp.: Quest Reschedules First Quarter 2008 Earnings Conference Call
» Precision Drilling Trust: Precision Drilling Trust to Present at the Tristone Capital Energie'08 Global Energy Forum
» Sempra Energy: Sempra Energy's Donald Felsinger to Speak at Goldman Sachs Conference May 13
» ERHC Energy: ERHC Energy Inc. Reports Second Quarter 2008 Financial Results
» Zulu Energy Corp.: Zulu Energy Corp. Raises $8.0 Million in Private Placement
» Cleco Corp.: Nolen Steps Down as Cleco Corp. CFO, Davis Named Interim
» Plymouth Rock: Gas Prices a Pain in the Wallet? Plymouth Rock Can Help!
» Aeroquest International Limited: Aeroquest International Limited (TSX-V: AQL) Issues a Clarification of a Recent Press Release
» Petroflow Energy Ltd.: Petroflow Energy Ltd. Announces April 2008 Operations Update
» Force Energy Corp.: Force Energy Corp. Appoints Technical Advisor: Channon C. "Craig" Bourgeois
Canadian Business
» Aircraft maker Boeing and machinists union open contract negotiations
» TSX stalls even as oil prices hit new highs;AIG losses, high crude send NY down
» Children's Place allows acquisition talks involving former CEO, private equity firm
» ANB Financial banks closed by federal regulators over 'unsafe and unsound' practices
» ANB Financial banks closed by federal regulators over 'unsafe and unsound' practices
» Power Corporation of Canada raising dividend despite lower investment gains
» Shipping company FedEx cuts Q4 profit forecast, blames fuel costs
» MDA has no plans to try to sell space division again, CEO says
» ANB Financial banks closed by federal regulators over 'unsafe and unsound' practices
» EBay's PayPal-only experiment in Australia angers users, draws antitrust concerns
M2 Presswire
» Secretary of State Condoleezza Rice to Make Remarks at the Launch of the One Woman Initiative Fund for Womens Empowerment
» Delta's Force for Global Good Joins Habitat for Humanity RebuildingEfforts in Hurricane-Damaged Mississippi Gulf Coast; Nearly 60 Delta employees lend a hand to help residents rebuild their lives
» Stewart Reports Updated Operating Results for the First Quarter 2008
» Alon USA Announces New Management for Alon's Branded Marketing and Retail Operations
» Edenor Announces First Quarter 2008 Results
» Webcast Alert: Telecom Argentina Announces First Quarter 2008 Earnings Webcast
» American Stock Exchange Accepts Axesstel's Plan to Meet Continued Listing Standards
» AerCap Holdings N.V. Reports First Quarter 2008 Financial Results
» GateHouse Media Announces First Quarter 2008 Results
» World Bank and IFC Reward 16 Companies for Innovative Lighting Projects for Africa
M2 Equity Bites
» Steven J Bensinger named vice chairman of Financial Services at American International Group Inc
» Factoring agreement signed between Wells Fargo & Company and Scotiabank
» Roles of chairman and CEO separated by Wachovia Corporation
» Combined Q1 financial results declared by The NASDAQ OMX Group Inc
» CVF Technologies Corporation announces BIOREM's Q1 2008 financial results
» Q1 2008 financial results reported by RAM Energy Resources Inc
» Q1 2008 financial results declared by Dorchester Minerals LP
» Q1 2008 financial results announced by Newtek Business Services Inc
» Q1 2008 financial results and quarterly cash dividend released by Provident Energy Trust
» Q1 2008 financial results announced by Natural Resource Partners LP

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TSX: Gammon Gold Inc ( GAM )
Posted by Editor on


MiningMay 9th

Gammon Gold announces further increases in April's consolidated production, a further 55% increase in Ocampo's production and a 41% further reduction in Ocampo's total cash costs relative to December 2007's performance levels

Gammon Gold Inc. ("Gammon") (TSX:GAM and AMEX:GRS) is pleased to provide its unaudited monthly status update for April 2008. Since the launch of the turnaround strategy in December 2007, the Company has been reporting monthly updates on its key performance indicators covering a seven (7) month period that clearly demonstrate the continual improvements in key operational performance indicators, financial metrics, and internal management reporting controls that were encompassed in the Company's turnaround business plan. Accordingly, the Company will now discontinue monthly reporting as we are confident that sufficient production and cost information, together with our record Q1 results, have been provided to the market confirming the positive momentum of our turnaround strategy. We will now resume reporting as per statutory requirements.

(Read More... | 20768 bytes more | TSX | Score: 0)

Amex: Inverness Medical Innovations ( IMA )
Posted by Editor on


BiotechMay 9th

Inverness Medical Innovations Completes Acquisition of Matria Healthcare, Inc.

Inverness Medical Innovations (Amex: IMA) today announced that its previously announced acquisition of Matria Healthcare, Inc. was successfully completed and effective prior to the opening of business today, May 9, 2008. Matria, headquartered in Marietta, Georgia, provides comprehensive, integrated health management services particularly in the areas of women's and children's health, cardiology and oncology. The final purchase price consisted of approximately $143.9 million, and approximately 1.8 million shares of Inverness Series B Convertible Perpetual Preferred Stock (Amex: IMA-PR.B). In addition, existing options to purchase Matria stock have been assumed by Inverness and have converted into options to purchase approximately 1.5 million shares of Inverness common stock.

(Read More... | 2471 bytes more | Amex | Score: 0)

Nasdaq: Quest Software Inc ( QSFT )
Posted by Editor on


High TechMay 9th

Quest Software Reports First Quarter 2008 Results

Quest Software, Inc. (Nasdaq: QSFT) today reported financial results for the first quarter ended March 31, 2008. Total revenues increased to $172.8 million compared to the prior year’s first quarter revenue of $149.8 million. As previously disclosed, Quest modified its revenue recognition practices during Q1 2007 for large reseller transactions. In order to provide comparability in its reported results between Q1 2008 and Q1 2007 it is important to note that Q1 2007 reported results included $5.5 million in license revenues that were booked and recognized in Q1 2007 but otherwise would have been deferred under the prior practice.

(Read More... | 22493 bytes more | Nasdaq | Score: 0)

Nasdaq: True Religion Apparel Inc ( TRLG )
Posted by Editor on


RetailMay 9th

True Religion Apparel Reports 2008 First Quarter Financial Results

True Religion Apparel, Inc. (Nasdaq: TRLG) today announced financial results for the first quarter ended March 31, 2008.

* Net sales for the 2008 first quarter were $53.4 million, an increase of 47.4% from $36.2 million in the 2007 first quarter. Net sales in the Company’s U.S. wholesale segment increased 29.5% to $32.5 million from $25.1 million in the prior year. The Company’s international wholesale business increased 28.5% to $8.9 million from $6.9 million in the 2007 first quarter. Net sales for the consumer direct segment, which includes the Company’s branded retail stores and e-commerce site, increased 190.3% to $11.8 million from $4.1 million in the prior year.

(Read More... | 14021 bytes more | Nasdaq | Score: 0)

Swedish 2.6GHz auction reflects ‘realistic’ spectrum value in Europe, according
Posted by Editor on


Telecomnewsprovider writes "LONDON, UK, 09 MAY 2008 – The second European 2.6GHz spectrum auction concluded this week in Sweden. With auctions coming up in other European countries, including the UK, Austria and the Netherlands, the outcome of the Swedish auction provides much needed information on the price that operators will pay for 2.6GHz spectrum throughout Europe, says Analysys Mason, the premier advisers on telecoms, IT and media (www.analysysmason.com).

The Swedish auction concluded at a price of EUR0.13/MHz/pop, with unpaired spectrum going for just below EUR0.04/MHz/pop and paired spectrum for EUR0.16/MHz/pop.

“Clearly prices fetched at the 2000/2001 European UMTS auctions, especially in the UK and Germany, are unlikely to be repeated. On the other hand, operators are reporting a rapid uptake of mobile broadband dongles, and new WiMAX players may be eager to enter the arena, suggesting that prices may still be substantial,” says Bart-Jan Sweers, Strategy Consultant at Analysys Mason."

(Read More... | 4152 bytes more | Score: 0)
  

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