To avoid running out of stocks, zinc makers are now ramping up production in western Japan and seeking to secure emergency zinc imports. An official of the Japan Mining Industry Association, however, said that it is unclear how much these measures will compensate for the decline in production in quake-stricken areas.
“will build at any cost.”
Comments »Australia +0.8%
Japan +0.7%
Korea +0.3%
I am not sure if that number includes the down aircraft, which cost more than $150 mill. Cost are expected to sustain retarded levels indefinitely.
In other news, let’s fire some damn firemen, in order to reduce government spending.
Comments »Ticket BLK surging in AH’s trade on the news.
Comments »This is getting ridiculous.
Comments »Co announced that its engagement with its registered independent accounting firm, MaloneBailey, has been formally terminated. Co has begun to seek to retain a new auditor. The Resignation Letter described MaloneBailey’s resignation being due to accounting fraud involving forging of the Company’s accounting records and forging bank statements, in addition to other discrepancies identified in the Company’s accounts receivable. On March 24, 2011, Michael Askew resigned as a member of the Board of Directors of the Company, effective immediately, including his position as the Chairman of the Company’s Audit Committee. On March 24, 2011, the Company received a preliminary information request from Amex requesting additional information. The Company intends to fully cooperate with NYSE Amex regarding this matter… Co was also recently notified by the staff of the SEC that it has initiated a formal, nonpublic investigation into whether the Company had made material misstatements or omissions concerning its financial statements, including cash accounts and accounts receivable… In light of these events, the Board of Directors of the Company has formed a Special Investigation Committee consisting of independent members of the Board of Directors to launch an investigation with respect to the concerns of MaloneBailey.
JP Morgan will do the honors.
Comments »The Atlanta-based company is seeking loans as prices for the debt recover after four straight weeks of losses, which forced companies last week to cancel $3.12 billion of loan transactions for refinancings. The S&P/LSTA U.S. Leveraged Loan Index, which tracks the 100 largest dollar-denominated first- lien leveraged loans, rose 0.44 cent last week to 95.28 cents on the dollar on March 25.
The following stocks were up 5%+ today and have more than 10% of their float sold short:
No. Ticker Short as % of Float % Change
1 GFRE 11.39 19.93
2 SHZ 60.20 17.45
3 VHC 12.60 16.75
4 GBE 11.70 14.39
5 WMG 10.70 13.08
6 CISG 25.35 12.87
7 REE 16.00 10.25
8 STRI 24.80 9.30
9 CVBF 21.00 9.14
10 SIFY 10.09 9.01
11 REFR 10.60 8.59
12 APRI 16.40 8.33
13 SOHU 12.80 7.93
14 MCP 22.70 7.58
15 UQM 11.20 7.17
16 JAZZ 22.50 7.10
17 DMD 11.20 5.92
18 BPAX 13.70 5.88
19 EDMC 12.30 5.80
20 NSPH 19.80 5.71
21 DNDN 12.10 5.71
22 SOMX 37.40 5.42
23 DEPO 12.70 5.42
24 ERII 13.80 5.26
25 AKS 15.70 5.19
26 LOGM 28.60 5.12
27 RBA 17.69 5.08
Data provided by The PPT
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