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Intellect Neurosciences Files Appeal in Europe in Response to Opposition Proceedings Instituted by Elan Pharmaceuticals and Wyeth/Pfizer
Thursday, December 15, 2011 - 10:36am | 93Intellect Neurosciences, Inc. (OTCBB: ILNS) announced today that it has filed an appeal regarding a preliminary decision of the European Patent Office to revoke the company's ANTISENILIN® patents. The preliminary decision of the EPO resulted from a challenge by major pharmaceutical companies that...
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Will This New Law Dismantle the Telecom Industry?
Wednesday, December 14, 2011 - 3:40pm | 1531Recently, the National Transportation Safety Board suggested that legislation should be enacted that bans phone usage while driving. While there are certain merits to this idea, could this law spell trouble for the telecommunications industry? Telecom has recently started to gain revenues from...
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Positron's Attrius Receives Health Canada Approval
Wednesday, December 14, 2011 - 3:13pm | 81Positron Corporation (OTCBB: POSC), is pleased to announce today that on December 12, 2011, the Company's Positron Emission Tomography Scanner(s) Attrius & Attrius L have received approval for sale in Canada. The Medical Device License from Health Canada was granted to the Attrius systems...
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Should You Ever Invest in Financial Services?
Wednesday, December 14, 2011 - 10:11am | 522Since the markets started to collapse in late 2007, the general public has placed the majority of the blame on banks and other financial services institutions. Apart from garnering negative perceptions, many American banks have significant positions in risky assets, including retail mortgages and...
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Rumor: Apple to Buy Israeli Company Anobit
Tuesday, December 13, 2011 - 1:09pm | 521Halfway around the globe, rumors are flying that Apple (NASDAQ: AAPL) is preparing to buy Israeli flash storage technology maker Anobit for as much as $500 million. The rumor comes courtesy of Israeli daily business paper the Calcalist. According to them, Apple's interest in Anobit stems from...
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AirTouch Signs Letter of Intent With Elephant Talk for Carrier
Tuesday, December 13, 2011 - 9:43am | 117AirTouch Communications (OTCBB: ATCH) has announced that it has signed a Letter of Intent with Elephant Talk Communications Corporation (NYSE: ETAK) for the implementation of a Mobile Virtual Network Enabler Platform in the United States connected to the Mobile Network of the LightSquared 4G LTE...
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Is the Vulcan Materials Acquisition Likely?
Monday, December 12, 2011 - 2:52pm | 913Turbulent markets often prevent financial transactions from taking place. For example, when equity markets are extremely violent, companies are wary of issuing public equity securities. The same principle affects the debt capital markets. Mergers and acquisitions are also affected severely, as they...
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Is Diamond Foods a Classic Case of Accounting Fraud?
Monday, December 12, 2011 - 12:32pm | 849Diamond Foods (NASDAQ: DMND) is a food company that manufactures and distributes snack products internationally. Recently, the producer came under fire for delaying its quarterly SEC filing in order to sort out possible accounting distortions. Interestingly, the company's internal audit committee...
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AdCare Health Systems Appoints David Rubenstein as Chief Operating Officer
Monday, December 12, 2011 - 9:31am | 47AdCare Health Systems, Inc. (NYSE: ADK) appointed David Rubenstein to the new position of chief operating officer, effective December 19, 2011. Rubenstein brings to AdCare extensive operational experience in delivering long-term care, including P&L management, census development, and...
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ACT Announces Settlements and Filing of Preliminary Proxy
Monday, December 12, 2011 - 8:43am | 70Advanced Cell Technology, Inc. (OTCBB: ACTC), announced today that the company has entered into settlement agreements with 40 holders of certain warrants and debentures. In order to effectuate the terms of the settlement agreements, the company has also filed a preliminary proxy to increase the...
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Are You Guaranteed Profits if These Rumors are True?
Friday, December 9, 2011 - 3:35pm | 730In early November, Benzinga suggested that Spectrum Pharmaceuticals may be a good long investment for some investors. Recently, rumors started to surface that Sectrum may be acquired by Teva Pharmaceuticals (NASDAQ: TEVA). Benzinga also suggested that Teva might be a good investment as well. If...
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Has The Economy Finally Recovered?
Friday, December 9, 2011 - 1:19pm | 712Mergers and acquisitions are always positive in the eyes of retail investors. M&A activity signifies economic confidence on the part of companies. After all, if companies did not believe that things were going to get better economically, then they would not purchase companies. This goes double...
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Central European Distribution Talks to Benzinga About Russian Standard's Proposal
Friday, December 9, 2011 - 11:30am | 199Central European Distribution Corp (NASDAQ: CEDC) announced today it received the following letter from Mark Kaufman. In the letter Mr. Kaufman stated that "I share the view that the current financial and operational situation of CEDC requires immediate and decisive action. " This letter is...
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A-Power Energy Generation Systems Announces Departure of Mr. Shan Lee
Friday, December 9, 2011 - 8:31am | 67A-Power Energy Generation Systems, Ltd. (OTC: APWR) today announced that Mr. Shan Lee resigned as the Interim Chief Operating Officer of A-Power, effective on December 7, 2011. Mr Lee was appointed as A-Power's Interim Chief Operating Officer on July 7, 2011. He stated that he would not be able...
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Prosperity Bancshares to Acquire East Texas Financial Services
Friday, December 9, 2011 - 8:02am | 116Prosperity Bancshares, Inc.® (Nasdaq: PRSP) announced today the signing of a definitive agreement to acquire East Texas Financial Services, Inc. (OTC: FFBT) and its wholly-owned subsidiary, First Federal Bank Texas. East Texas Financial Services operates four (4) banking offices in the Tyler MSA...