OBCI ) received a notice from the Nasdaq stock market (Nasdaq), that for 30 consecutive business days the bid price of the Company's common stock had closed below the minimum $1.00 per share require…
Archive for September, 2009
Ocean Bio-Chem Receives Notice of Non Compliance From Nasdaq
Wednesday, September 30th, 2009Lawson Software results on deck for late session
Wednesday, September 30th, 2009LOS ANGELES (MarketWatch) — Lawson Software Inc. is scheduled to report its latest financial figures Wednesday evening, and earnings are expected to hold steady on a decline in revenue.
Canada stocks down, but poised for quarterly gain
Wednesday, September 30th, 2009LOS ANGELES (MarketWatch) — Canadian equities slipped Wednesday, with only mining stocks able to gain traction as prices for metals rose, but the equity market is set to post its best advances for a …
Fed may boost rates while economy still weak: Kohn
Wednesday, September 30th, 2009WASHINGTON (Reuters) – The Federal Reserve may need to begin to pull back its extensive support for the weak U.S. economy before it has healed enough to substantially lower the jobless rate and get factories working again, Fed Vice Chairman Donald Kohn said on Wednesday.
Oil jumps over 5 percent, eyes gasoline demand
Wednesday, September 30th, 2009NEW YORK (Reuters) – Oil prices surged more than 5 percent to settle above $70 a barrel on Wednesday, buoyed by a drop in U.S. gasoline inventories last week that hinted at rising demand in the world’s largest energy consumer.
Stocks rebound from slide on manufacturing data
Wednesday, September 30th, 2009Investors shook off their disappointment with a weak regional economic report Wednesday and resumed buying stocks on the final day of a stellar quarter.The Dow Jones industrials initially fell more th…
Top UK Banks Cave to Goverment Pressure on Bonuses
Wednesday, September 30th, 2009Out of the five that agreed to the new rules, only two have accepted emergency funds by the government.
The five banks that have signed up to the new rules are Barclays, HSBC, Lloyds, RBS and Standard Chartered.
While the curbs do not limit bonuses, the changes will include the banks having to disclose all such payments.
The chancellor said UK banks were leading the way, and he expected them to set the global standard for others.
Can Bonds and Stocks both be Right?
Wednesday, September 30th, 2009Bonds markets are telling investors that a prolonged period of low rates will be necessary to dig out from the deepest recession in almost a century.
U.S. pay czar Feinberg expecting heat for rulings
Wednesday, September 30th, 2009CHICAGO/NEW YORK (Reuters) – The Obama administration’s pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of compensation decisions, which are expected in October.
Stronger spending helps GDP shrink at a slower 0.7% rate
Wednesday, September 30th, 2009The economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending …