Mass sell-off in Spain’s Bankia hit small investors
MADRID (Reuters) – Small investors in shares of in Spain’s nationalised lender Bankia suffered new massive losses on Thursday as the stock plunged by more than 50 percent amid an abnormally high volume of trading which the stock market regulator said would be looked at closely. Tens of thousands of small savers, who were often [...]
Sterling Consolidated Announces Sale of Non-Strategic Cliffwood Beach, NJ Property
NEPTUNE, N.J., May 23, 2013 /PRNewswire/ – Sterling Consolidated Corp. (OTCBB: STCC) (the “Company”), a leading supplier of hydraulic and pneumatic seals to the automotive and industrial marketplace, today announced that on April 29, 2013, its wholly owned subsidiary, ADDR Properties, entered into an agreement with Old Bridge Realty Partner, LLC (the “Purchaser”) to sell its [...]
Axion Power Reports First Quarter Results for 2013
NEW CASTLE, Pa., May 16, 2013 /PRNewswire/ — Axion Power International, Inc. (OTC QB: AXPW), the developer of advanced lead-carbon PbC® batteries and energy storage systems, today announced results for its first quarter ended March 31, 2013.
A late fade on Wall Street; Wal-Mart, Disney slump
NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. The news on the U.S. economy gave investors little to get excited about. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region. Wal-Mart Stores sank after [...]
TVI Pacific Provides First Quarter 2013 Financial and Operational Results
TSX: TVI OTCQX: TVIPF CALGARY, May 14, 2013 /CNW/ – TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) (TVI or the Company) today announced its unaudited, consolidated financial and operational results for the quarter ended March 31, 2013.
Dollar soars, global stocks gain amid talk of Fed QE exit
By Herbert Lash NEW YORK (Reuters) – The dollar soared on Friday against a basket of currencies, reaching a nearly three-year peak, and global equity indexes gained as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. Wall Street advanced, with the benchmark S&P 500 rebounding from its [...]
S.Africa’s resurgent labour unrest could threaten rating:Moody’s
By Stella Mapenzauswa JOHANNESBURG (Reuters) – Revived labour unrest in South Africa‘s mining industry could impact export competitiveness and threaten the credit rating of Africa‘s top economy, analysts from Moody’s said on Wednesday.
Fortress International Group Appoints Maura A. McNerney as Chief Financial Officer
COLUMBIA, Md., May 15, 2013 /PRNewswire/ – Fortress International Group, Inc. (Other OTC: FIGI) announced today that it has appointed Maura A. McNerney as Chief Financial Officer effective May 20, 2013. Ms. McNerney replaces Ken Schwarz , who is resigning as CFO effective May 17, 2013 for personal reasons. Mr. Schwarz will remain with the company [...]
Brent steady near $103 as US retail sales support, stockpiles drag
By Manash Goswami SINGAPORE (Reuters) – Brent futures held steady near $103 a barrel on Tuesday, caught between hopes of a revival in demand growth after an unexpected jump in U.S. retail sales and concerns about rising stockpiles in the world’s largest oil consumer. The retail sales figures added to recent data pointing to underlying [...]
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