Inflation spike won’t last, Bernanke says

A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday. The comments stood in sharp contrast to a string of U.S. central bank officials, some of whom have argued the time is coming for the Fed to begin tightening monetary policy. Earlier... 

Jobs, the lagging indicator once more?

The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this cycle was no exception. So will troubles in Japan, Libya and elsewhere push up U.S. unemployment later this year? “The... 

Ashland Inc. Board Announces $400 Million Stock Repurchase Program, Intends to Increase Annual Dividend

Ashland Inc. announced today that its board of directors approved a $400 million stock repurchase program. Under the program, the company’s common shares will be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any... 

Magnetek Announces Second Quarter Fiscal 2011 Results

Magnetek, Inc. today reported the results of its 2011 fiscal second quarter ended January 2, 2011. Second Quarter Results In its second quarter of fiscal 2011, Magnetek recorded revenue of $26.1 million, a 36% increase from the second quarter of fiscal 2010 and a 5% sequential increase from the first quarter of fiscal 2011. The increase in sales from... 

Watchit Technologies Inc. Solidifies Patents

WatchIt Technologies Inc. announced today that, through its Intellectual Property attorneys, Woodard, Emhardt, Moriarty, McNett & Henry, LLP, it has successfully nationalized its International Patent application in the United States and the European Union. Previously, one application was filed for an International patent. The PCT (Patent Cooperation... 

IC Potash announces commencement of preparation of the Ochoa Project Prefeasibility Study

IC Potash Corp. is pleased to announce the commencement of the Ochoa Project Sulphate of Potash (“SOP”) Pre-feasibility Study. Through this study and concurrent environmental work, the Company will establish the engineering basisfor the Ochoa Project for mining, processing, and SOP marketing. This announcement complements recent operating... 

Sunvalley Solar Awarded $1.3M Solar Installation Contract in Coachella, CA

Sunvalley Solar, Inc. , a leading provider of solar power technology and solar integration systems, announced that it has signed a commercial solar installation contract with Prime Time Produce (Sun & Sand Enterprises, LLC) in Coachella, California. Based in Southern California’s Coachella Valley, Prime Time Produce is the largest year-round... 

Varel International Announces the Acquisition of the Patented “Rotary Percussion System” from Renegade Tools LLC

Varel International, a leading manufacturer of drill bits and global supplier to the drilling industry, announces it has completed the acquisition of the Rotary Percussion System (RPS) product line and assets of Renegade Tools LLC. The line of high frequency, low impact percussion hammer tools complements the already robust suite of tools Varel supplies... 

Donation Drives New Direction of Bioenergy Research at University of Idaho

A $25,000 donation from Texas entrepreneur Randy Hill and his company, APT Advanced Trailer and Equipment LP, to the University of Idaho has funded research focused on converting woody biomass to energy. The gift has allowed the university to install a pilot-scale pyrolysis unit at its steam plant. Pyrolysis is a type of incineration that uses almost... 

Khodorkovsky’s Lead Defense Attorney Vadim Klyuvgant Issues the Following Statement After Guilty Verdict

Lead Counsel Vandim Klyuvgant for Mikhail Khodorkovsky: Absurd Conviction to Keep Khodorkovsky in Jail Despite Prosecution’s Failed Case. Verdict Destroys Hopes for the Rule of Law, Independent Courts, Protection of Property Rights and Government Anti-Corruption Drive in Russia. Defense Slams “Charade of Justice” Today a Moscow court found Mikhail...