Fitch Ratings said Friday it affirmed the “BB-plus” issuer-default ratings on El Paso Corp. and its key natural gas production and pipeline subsidiary.
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Mountain Lake Closes Private Placement Financing (Business Wire)
HALIFAX, Nova Scotia—-Mountain Lake Resources Inc. is pleased report that the non-brokered private placement announced on November 2, 2009 has been closed to raise gross proceeds of $450,000 through the sale of 1,500,000 flow-through units at $0.30 per Unit to the MineralFields Group .
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PicksThatMove.com Announces Investment Opinion on MEGA Brands Inc., Yamana Gold Inc., Oracle Corporation, Imaging3 Inc. and New Gold Inc. (Business Wire)
NEWARK, Del.—-PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders.
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CFTC fines hedge fund EMF for false statements (Reuters)
The top U.S. futures market regulator on Friday fined hedge fund EMF Financial Products LLC $4 million for making false statements about its market positions relating to U.S. treasury note futures.
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PrimeEnergy Corporation (NASDAQ:PNRG) Announces Third Quarter Earnings (Business Wire)
STAMFORD, Conn.—-PrimeEnergy Corporation announced today the following unaudited results for the periods ended September 30, 2009 and 2008: Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Revenues $ 23,300,000 $ 42,364,000 $ 69,363,000 $ 134,457,000 Net Income $ $ 2,072,000 $ $ 8,822,000 Basic Earnings Per Common Share $ $ 0.68 $ $ 2.88 Diluted Earnings Per Common Share $ $ 0.54 $ $ 2.31 Shares Used In Calculation Of: Basic EPS 3,036,446 3,050,331 3,040,675 3,066,684 Diluted EPS 3,036,446 3,805,827 3,040,675 3,820,714
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Seitel Announces Third Quarter 2009 Results (Business Wire)
HOUSTON—-Seitel, Inc., a leading provider of seismic data to the oil and gas industry, today reported results for the third quarter ended September 30, 2009. Revenue for the third quarter of $19.5 million decreased by $26.6 million or 58% as compared to the third quarter of 2008, primarily driven by a $21.0 million or 64% decline in total resales from our library.
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Weak dollar no quick fix for narrowing trade gap (AP)
A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap — but that won’t happen anytime soon.
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Real Pro Systems Introduces Real Pro Platinum (Business Wire)
SAN DIEGO—-Today, at the National Association of REALTORS Annual Conference, Real Pro Systems introduced its Real Pro Platinum system for business-minded real estate agents and their teams.