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Smart Money with Keith Springer Newsletter
- We Survived The Fiscal Cliff Fiasco, Now What?

We Survived The Fiscal Cliff Fiasco, Now What? ;href I suppose we should give a sigh of relief.  After weeks of intense back-and-forth negotiations, our
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Respect Your Universe (RYUN) Gains Major Endorsements in Fastest Growing Sport

Respect Your Universe (RYUN.OB), a niche producer of mixed martial arts ("MMA") sportswear, has been rapidly expanding across core distribution channels from the Internet to the brick-and-mortar retail store. MMA is the fastest growing sport in the world, and its most popular organization, the UFC, has started to take the lead in pay-per-view combat sports. On the more local scale, the go-to source for sports entertainment, Bleacher Report, has reported that MMA is the fastest growing sport in America. Since the sport has participation starting in ages as young as 5, demographic trends will further increase its relative popularity.

 

Aside from positive secular developments, the company is fundamentally strong in its own right. Echoing a similar brand image as Nike (Nike), RYU emphasizes a consumer-centric business model that has resonated well with its existing retail partners. Towards that end, the emerging sportswear producer (1) markets sustainable products made from organic cottons and recycled material and (2) is the only true designer of performance exercise gear prototyped with professional Martial Artists. They are directly targeting their growing market through the UFC and pay-per-view events alongside top brands like Bud Light and Harley Davidson. RYU markets a variety of products, including shirts, tops, jackets, and hoodies, that were created by specifically asking elite athletes about the ideal fit.

 

Perhaps the biggest endorsement that an athletic brand can have is endorsements from the athletes themselves. Top Welterweight fighter Jon Fitch, Mr. Olympia Phil Health, Boston Red Sox-turned-Yankees outfielder Darnell McDonald have all started to represent the brand. Investors should be cognizant of how Nike's brand was similarly built from major endorsements. By being the leader in targeting the fastest growing sports market, RYU has momentum working in its favor.

 

Meaningful cross-selling opportunities could further be realized under a partnership with either Nike or Under Armour (UA). Since brand is king in sports retailing, a takeover would be a key way for both firms to gain exposure to the rising MMA market.

 

Fortunately, a partnership is likely, since the company is led by seasoned management that has held positions with Nike and Luluemon Athletica (LULU). The Chief Operating Officer, Erick Siffert, held multiple senior executive roles at Nike from 1988 to 2007 when the brand was just starting to rise from obscurity. During his career at the footwear producer, shareholder value soared by 5,090%. He then helped another competitor rise from obscurity when he took on the role of Director of Product Operations at Lululemon from 2007 to 2009. His work there laid the foundation for shareholder value to soar by 325.3% since the IPO. RYU has similarly more than doubled in value since its IPO, but it still is worth just one-third of its 52-week high. Siffert has had a knack for picking the most undervalued brands before they become widely recognized by the market. He is expected to do the same for RYU, which has increasingly grained traction.

 

By creating a Las Vegas Flagship store in 2H12 and a second store in late 2013, RYU will reach more consumers than ever before. Benzinga recently announced that the company was making a major debut at the 2012 UFC Fan Expo on July 6 and 7. Top UFC fighters scheduled

appearances at its booth, including Jamie Varner, Darren Elkins, TJ Waldburger, and Dennis Hallman, among several others. Company representative Rocky Bice said he was "pumped" for the event that would give fans the opportunity to not only buy RYU gear but to "meet and hang out with the fighters who use and wear the RYU gear on a daily basis". We are similarly excited for the firm's recognition going forward and believe that the company's executive leadership, intellectual capital, major endorsements, distributional growth, and strengthening demand have yet to be fully factored into the stock price.

 

Disclaimer: The distributor of this research report, Gould Partners, is not a licensed investment adviser or broker dealer. We are a consultant to a third-party representing Respect Your Universe and have been commissioned six hundred dollars for independent research. Investors are cautioned to perform their own due diligence as information contained within this report has been derived from public sources and cannot be guaranteed by us to be fully accurate. Always discuss investments with a licensed professional before making any financial decision. Statements made herein are often "forward-looking statements" as defined under Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934, and the Private Securities Litigation Reform Act of 1995. Since these statements are uncertain, actual results may be materially different from those expected.

 

 

www.gouldpartners.com

david.z.gould@gmail.com

 

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'Good Morning America' Host Robin Roberts MDS Spikes Bone Marrow Donations

'Good Morning America' Host Robin Roberts MDS Spikes Bone Marrow Donations | Latest News Watch | Scoop.it

National bone marrow donation registry, Be The Match, has revealed that there has been a sudden spurt in people lining up to to donate their bone marrow.

 

The action was a result of the announcement made two weeks ago by 'Good Morning America' anchor Robin Roberts, who said that she has MSD, a blood and bone marrow disease that will require her to undergo a bone marrow transplant.

 

Jeffrey Chell, CEO of the registry said that so far 12,000 people have registered in just two weeks since the announcement, whereas, in the normal circumstances the figure read around 9,000 for the whole month. The CEO also disclosed that around 6,000 transplants are performed yearly, only half  of what is required each year.

 

The complications associated with the procedure are many. Some patients never find a match and the discouraging ratio of about one in every 540 donors bone marrow matching the patients marrow, gives little to cheer about.

 

Bone marrow are most often performed on patients with life threatening diseases like cancers of the blood or bone marrow, such as multiple myeloma or leukemia. In these cases, the recipient's immune system is usually destroyed with radiation or chemotherapy before the transplantation, as the immune system by nature is programmed to reject the cells that does not belong to the patients body.

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Iran Threatens to Stop Imports from South Korea over its Oil Embargo

Iran Threatens to Stop Imports from South Korea over its Oil Embargo | Latest News Watch | Scoop.it

It has been recommended by US State's Attorney's Office that American actress, Scarlett Johansson should be payed $66,719.49 in compensation for the trauma she had to undergo following the posting of her  nude pictures on websites.

Hacker Christopher Chaney broke into the 'Avengers' star account and stole the pictures she had sent to her then husband Ryan Reynolds. The nude pictures later found its way to various websites.

 

However, given the hackers poor employment record, prosecutors feel that he is unlikely to make any payment and thus are asking for a ''high-end'' prison sentence of 71 months.

 

'Genie in a Bottle' hitmaker Christina Aguilera had  also found herself at the receiving end of  Chaney's shenanigans, but was awarded only $7,500 as her nude pictures were not made public.

 

Chaney, who has a long history of hacking into celebrities e-mail accounts, is scheduled to be sentenced  on July 23.

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Justin Bieber's 'Believe' Tops UK Album Charts

Justin Bieber's 'Believe' Tops UK Album Charts | Latest News Watch | Scoop.it

Canadian pop sensation Justin Bieber latest release ,'Believe', has topped UK album chart, outselling British singer Cheryl Cole's 'A Million Lights' by 3,000 copies.

There was some more disappointment in the store for 'The Promise' hitmaker as her single 'Call My Name' was bumped-out from the top slot just after one week by Maroon 5.

The American pop rock music group single Payphone sold more than 141,000 copies to occupy the top slot. Just a week earlier Cole had set the record for the fastest selling single of the year with a record breaking 152,000 copies in a week.

The UK Albums Chart is a list of albums ranked by physical and digital sales in the United Kingdom. It is compiled every week by The Official Charts Company and broadcast on a Sunday on BBC Radio 1.

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Tesco To Exit Japanese Market

Britain's biggest retailer Tesco has reached an agreement to sell half of its Japanese business to the Japan's Aeon. The company has 117 stores in Japan.

 

New York, June 18 (SharewellNeswire.com) - British multinational grocery and general merchandise retailer Tesco is finally  exiting Japan. The move comes 10 months after the Cheshunt, United Kingdom- based company signaled its intent to quit the country.Tesco has decided to sell 50 percent of its stock to largest retailer in Asia, Aeon. The company will invest another 40 million pounds in financial restructuring that will fully curtail Tesco's financial exposure to  the company.

Tecso currently has 117 stores in Japan, most of which are slightly larger than a convenience store but smaller than a regular supermarket. Many foreign retailers have struggled to operate successfully  in Japan;  changing consumer preferences, stiff competition coupled with the  country undergoing a prolonged period of deflation are often cited as the chief cause for the foreign retailers failure in Japan.

The United Kingdom -based pharmacy chain  Boot also exited the country in last decade.

Last year Tesco had hired Goldman Sachs  to advise the company on  planned  sell of its  Japanese store.

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Orange County Register and other Newspapers Acquired by Aaron Kushner Led Group

New York, June 13 (SharewellNeswire.com) - The company that publishes the Californian title, the Orange County Register, and several other smaller newspapers has been acquired by a group led by Boston-based investor Aaron Kushner. It is expected that the purchase of Freedom Communications will be completed within 30 days by Kushner’s group, 2100 Trust LLC.

 

Freedom has been selling its papers and broadcasting outlets since it came out of its bankruptcy protection in April 2010 and it will be completely dismantled with the present sale. Kushner has been nurturing ambitions of becoming a press proprietor but his earlier attempts of buying Boston Globe and Maine’s Portland Press Herald have failed miserably. The former chief of a greetings card company said that this time he will have a successful purchase as he believes that newspapers are essential to the fabric of our lives.

According to the latest circulation audit, the Orange County Register is the 19th largest newspaper in the US and its print edition sold an average of 161,000 copies on weekdays and 280,000 Sundays for the six months up to 31 March.

The acquisition by 2100 Trust in order to become a publisher comes at a time when newspapers are beset with a plethora of challenges including sliding readership and declining advertising that are moving more toward the digital format.

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Japan PM Eases Power Shortage Worries, Says Two Reactors Must Restart

Japan PM Eases Power Shortage Worries, Says Two Reactors Must Restart | Latest News Watch | Scoop.it
The Japanese Prime Minister has decided to restart two nuclear reactors in order to safeguard the economy of the nation, protect jobs and ease worries about power shortages, He said that all possible steps are being taken to prevent a recurrence of...
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ACMG Co-Founder/CEOs Thomas Shipley & Andrew Surwilo Named Ernst & Young Entrepreneur Of The Year® 2011 New Jersey Award Finalists

For the second year running, ACMG visionaries place in the elite competition.
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'American Idol' Crowns New Winner

'American Idol' Crowns New Winner | Latest News Watch | Scoop.it
Gets emotional performing his winner's song, "Home," as the show ends.
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Northrop Grumman Awards EUR28 Million Contract to Kongsberg

A Norwegian technology company Kongsberg Gruppen ASA has signed a EUR28 million contract with Northrop Grumman ISS International Inc. during NATO’s Summit in Chicago for developing software for the NATO Alliance Ground Surveillance (AGS) program.

 

New York, May 22 (SharewellNewswire.com) - Kongsberg Gruppen ASA, a Norwegian technology company, said Monday that it has signed a EUR28 million contract with Northrop Grumman ISS International Inc during NATO’s Summit in Chicago.

 

As per terms of the contract, Kongsberg will develop software for the NATO Alliance Ground Surveillance (AGS) program. It will also develop solutions for storing, searching and retrieval of advanced sensor data from the RQ-4 Global Hawk. The contract will extend over a period of three and a half years.

 

Kronsberg along with Cassidian and Selex Galileo are the main sub-suppliers to Northrop Grumman ISS International Inc, which will provide necessary support to NATO that is in the process of acquiring the RQ-4 Global Hawk Unmanned Aerial Vehicles (UAVs) for ground- and sea surface surveillance. Kronsberg’s contract involves buying of five RQ-4 Global Hawk units and associated ground systems.

 

As per the terms of the contract, Kronsberg will provide development tasks for completely new software and algorithms solutions. The Executive Vice President in Kongsberg Defence Systems said that the technology is exciting and forward-looking and the biggest advantage is that it can be used in other areas in the defense and security context.

 

The shares of Kronsberg closed Friday at NOK96.50.

 

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Northwest bio provides update on DCVAX®-L cancer trial

Northwest bio provides update on DCVAX®-L cancer trial | Latest News Watch | Scoop.it
Amendment Accepted By FDA, Enhancing and Upgrading the Trial 41 US Clinical Trial Sites Now In Operation...
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Eighty Percent Rise in Q1 Earnings Reported by CBS Corp (CBS)

Eighty Percent Rise in Q1 Earnings Reported by CBS Corp (CBS) | Latest News Watch | Scoop.it
The entertainment giant of the old media,CBS Corp (NYSE : CBS), posted an 80 percent rise in its first-quarter earnings, boosted by digital distribution of its television programming and the sale of e-books, representing the new media.
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This Sunday on Smart Money with Keith Springer- 7 Critical Strategies To Protect Your Retirement Savings

This Sunday on Smart Money with Keith Springer- 7 Critical Strategies To Protect Your Retirement Savings | Latest News Watch | Scoop.it
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Aoxing Pharmaceutical Company Announces Management Change

JERSEY CITY, NJ--(SharewellNewsWire.com-07/05/12) - Aoxing Pharmaceutical Company, Inc. (NYSEAMEX:AXN), a specialty pharmaceutical company specializing in research, development, manufacturing and distribution of a range of narcotics and pain-management products, today announced that Mr. Bob Yunjun Ai has resigned as Chief Financial Officer of the Company to pursue other business interests, effective as of July 1, 2012. The Company expresses its appreciation for Mr. Ai’s significant contributions to the Company and wishes him the best in his future endeavors.  

 

The Company has appointed Mr. Guoan Zhang as acting Chief Financial Officer to replace Mr. Ai. Mr. Zhang was Senior Vice President of Finance prior to the appointment. He joined the Company since 1998 and held various positions in the finance function. Mr. Zhang is a China CPA.  

 

The Company also appointed Ms. Guirong Zhou as Vice President of R&D to lead the R&D function. Ms. Zhou has in depth experience in pharmaceutical research and is responsible for our new drugs applications. Ms. Zhou has around 30 years of research and product development experience and she obtained a lot of awards and achievements in the pharmaceutical area. Ms. Zhou is a pharmaceutical expert in research centers and had worked for Shijiazhuang Pharmaceutical Group and other major pharmaceutical companies.

 

About Aoxing Pharmaceutical Company, Inc.  : Aoxing Pharmaceutical Company, Inc. is a US incorporated specialty pharmaceutical company with its operations in China, specializing in research, development, manufacturing and distribution of a variety of narcotics and pain-management products.

 

For more information, please visit: www.aoxingpharma.com

 

Safe Harbor Statement from Aoxing Pharmaceutical Company, Inc.

 

Certain statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. All forward-looking statements included herein are based upon information available to the Company as of the date hereof and, except as is expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason. To the extent that any statements made here are not historical, these statements are essentially forward-looking.

 

The Company uses words and phrases such as "guidance," "forecasted," "projects," "is expected," "remain confident," "will" and/or similar expressions to identify forward-looking statements in this press release. Undue reliance should not be placed on forward-looking information. The economic, competitive, governmental, technological and other risk factors identified in the Company's filings with the Securities and Exchange Commission, specifically, Item 1A, "Risk Factors," in the Form 10-K for the year ended June 30, 2011, may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

 

Investor.relations@aoxingpharma.com

http://www.aoxingpharma.com/

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English Rock Band Muse's 'Survival' is London 2012 Olympics Song

English Rock Band Muse's 'Survival' is London 2012 Olympics Song | Latest News Watch | Scoop.it

English rock band Muse's rock anthem 'Survival' will be the official song for the 2012 London Olympics.

 

The song is written by Matthew Bellamy (lead vocalist and lead guitarist) and according to the band's website was composed keeping Olympic in mind as it "expresses a sense of conviction and determination to win."

 

The song, which was aired by BBC radio for the first time, will be played throughout the July 27-August 12 Games, including when the athletes enter the stadium and also before medals are awarded to the winners.

 

The band consists of school friends Matthew Bellamy,   Christopher Wolstenholme   and Dominic Howard and was formed in 1994. Muse so far  have released five studio albums: 'Showbiz' (1999), 'Origin of Symmetry' (2001), 'Absolution' (2003), 'Black Holes and Revelations' (2006), and 'The Resistance' (2009) and sold an estimated 15 million copies worldwide. A sixth studio album entitled 'The 2nd Law' is set for release in September 2012.

 

 

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US Housing Market Looks Up as New Home Sales Jump

 Indicating that the US housing market is looking up and is no longer a drag on the broader national economic recovery, sales of newly built single-family homes jumped to their highest level in more than two years in May.

Due to the rising real estate, the US had been able to come out of past recessions with the help of lower interest rates, increase in home sales and a boost in construction jobs. The collapse of the housing industry had limited its role in helping the economic recovery. 

The Commerce Department reported Monday that the trend is now changing as sales of new single-family houses rose 7.6 percent in May compared with April and 19.8 percent from May 2011.

Last month the seasonally adjusted annual rate of sales was 369,000, which was the highest level since April 2010, when sales and prices started declining due to the expiry of a federal tax incentive for buyers.

2011 was a particularly bad year for the housing market as new home sales were so weak that they set a record for the most dismal performance. There has been a sales rebound of 35 percent now since it hit a low in February 2011.

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Intel (INTC) Buys Interdigital (IDCC) Wireless-Technology Patents for USD375 Million

Interdigital has sold 1,700 patents and patent applications, representing 8 percent of its portfolio, to Intel for $375 million cash. The patents will be replenished through new development by Interdigital.
 
New York, June 20 (SharewellNeswire.com) - Microprocessor giant Intel Corp (NASDAQ: INTC) has bought 1,700 patents and patent applications from King of Prussia wireless-technology developer Interdigital Inc (NASDAQ: IDCC) for $375 million cash.

Interdigital expects to replenish the patents that it is selling through new development at engineering labs in King of Prussia, San Diego, Montreal and Melville, N.Y. The patents that are being sold represent about 8 percent of Interdigital’s portfolio.

Scott A. McQuilkin, senior executive vice president of strategy and finance of Interdigital, said that the 1,700 patents and patent applications relate to 3G and LTE technology. He said that the company’s portfolio, which is “broad and deep”, still has many more patents in those areas.

Intel is in the process of developing microprocessors for smartphones and it needs wireless intellectual property. It already has 40,000 patents in various parts of the microprocessing industry.

Patent portfolios are being sold by companies with patents in order to cash them whereas, technology companies are buying them as both offensive and defensive business strategies. Companies buy patents for getting the technology and also for safeguarding themselves against patent-infringement lawsuits.

The more patents that they have, the more insulated they can be against lawsuits. The news of the sale of patents by Interdigital sent its stock soaring 27 percent, or $6.20, to close at $29.08.

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Apple (AAPL), Time Inc Ink Deal On Digital Subscription

One-time opponent to Apple's iPad newsstand, Time Inc will make 20 of its magazine titles available for subscription through the App Store.

 

New York, June 15 (SharewellNeswire.com) - A year ago Time Inc, subsidiary of the media conglomerate Time Warner (NYSE : TWX), prominently opposed the idea of selling magazine subscriptions for the iPad even as its two major magazine rivals, Advance Publications Inc's Condé Nast and Hearst Corp, signed digital subscription deals for its magazines for Apple's (NASDAQ: AAPL) tablet.

 

With consumers are increasingly shifting base to the digital media, the nation's largest magazine company had no option but to agree to Apple terms after rejecting the same terms an year earlier.

 

Time Inc said on Thursday that the two companies have reached a deal that allows iPad users to subscribe to 20 Time Inc titles including Time, Sports Illustrated, Fortune, People, InStyle, Life, GOLF Magazine, Southern Living, Essence, This Old House, All You and Entertainment Weekly.

 

Until now, only the print subscribers could access the digital application on their iPads. The chief bone of contention between Apple and Time was Apples refusal to disclose the names and email addresses of the people subscribing magazines on the iPad without the customer's express permission.

 

Magazine houses consider such data a treasure trove of information as it helps them to track customers and build long lasting relations with them. Customers can access the digital subscriptions via Apple's App Store in the Newsstand category.

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Gupta Not to Testify in Insider Trading Case

Defense attorneys of Rajat Gupta, the ex-Goldman director charged with insider trading, have sent a letter to Judge Rakoff informing that Gupta will not stand as a witness on his own behalf in the defense case.

 New York, June 12 (SharewellNeswire.com) - Ex-Goldman director, Rajat Gupta, will not be testifying in his own defense against charges of insider trading. His attorneys have sent a letter to the US District judge Jed Rafoff Sunday informing that they have decided not to put Gupta as a witness on his own behalf in the defense case.

Defense attorneys say that putting a client on the stand is always a highly risky thing to do especially in securities fraud cases. They maintain that high-powered defendants like Gupta are always keen to testify and clear their names but even the most confident of executives find it hard to withstand the cross-examination and can easily get rattled.

Gupta has been charged with leaking confidential information to Raj Rajaratnam, the convicted Galleon hedge fund founder, due to which Galleon made millions in profit. Phone records have been provided by prosecutors to jurors showing calls made from Gupta’s office to Rajaratnam.

In one case, a call was made just minutes after an emergency Goldman board conference approved a $5 billion investment by Warren Buffett during September 2008, when the financial crisis was at its height. Another call record between Gupta and Rajaratnam in July 2008 showed how Gupta discussed Goldman board’s deliberations about buying a commercial bank. The defense says that the issues were well-known on Wall Street.

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Little Ninja gives New Life to 11-year-old with rare brain tumor

On March 21, 2012, when most kids were just getting off of the school bus, 11 year old Isaiah Martin was on his way to the emergency room. His teacher called his father earlier that day with concerns that Isaiah was a little disoriented throughout the day and seemed to have troubles walking without stumbling a little.

 

On March 21, 2012, when most kids were just getting off of the school bus, 11 year old Isaiah Martin was on his way to the emergency room. His teacher called his father earlier that day with concerns that Isaiah was a little disoriented throughout the day and seemed to have troubles walking without stumbling a little. After hearing all of the symptoms from the teacher, he immediately thought to bring him to the emergency room. After a short time, Isaiah and his father would learn that Isaiah had a brain tumor that was not only extremely rare, but also incurable. On this day, everything changed for Isaiah and his family. Until now, Isaiah had always been a healthy child full of energy and life.

 

For the past 8 years, Isaiah has always had such a special place in my heart. He has been our neighbor and such a great friend to both of my sons. As a family, our immediate reaction to Isaiah’s tumor was pure sadness. As a mother, I could not even imagine what his family was going through. After hearing about Isaiah’s treatment plan that also included a lot of traveling, it came to my realization that something needed to take place to help the family financially. It is not often that we find ourselves confused and enlightened at the same time. But in this case, the combination of the two gave me an idea that could possibly work!

 

As the owner of HootieAvenue.com, which is normally a landing pad for creative ideas, Hooties and loads of ninjas, I felt that this could be a possible solution. Isaiah always loved the little scented ninjas and his favorite colors were red and black. So, why not create a little ninja in his favorite colors, choose a few of his favorite scents, and sell them online with 100% of the proceeds to go to the Martin family! After talking to Isaiah’s father and of course Isaiah, the master mind behind the design of the ninja, Isaiah the Ninja was created and ready to start his mission! The response has been overwhelming and this little ninja is kicking butt and taking names!

 

Joining Team Ninja, will not only help the family fill in the gaps financially, but it will also help Isaiah’s father spend time with him during his critical illness. While we are certain that Isaiah may beat the odds, we would like to make sure that on the days that he is feeling well enough to have fun, HE WILL HAVE FUN!

 

To join Team Ninja, go to www.HootieAvenue.com and click on the little black Ninja on the top of the page!

 

Misty Bryant, Owner of www.HootieAvenue.com

misty.bryant6@ymail.com

www.HootieAvenue.com

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Concerns Rise over Spent Fuel Rods at Fukushima Nuclear Plant

A pool on the top floor of a heavily damaged reactor building at the Fukushima Daiichi nuclear plant in Japan that is said to be full of large quantities of radioactive cesium covered only with plastic, has raised concerns regarding safety aspects of the area.

 

New York, May 30 (SharewellNewswire.com) - There has been a rising amount of concern in the public’s mind about the pool that is sitting on the top floor of a heavily damaged reactor building at the Fukushima Daiichi nuclear plant in Japan.

 

The pool is full of large quantities of radioactive cesium covered only with plastic. The scenario appears quite normal but it would have caused panic before the earthquake and tsunami wreaked havoc and set off the world’s second most serious nuclear crisis after Chernobyl.

 

It has now been fourteen months since the disaster took place but the concerns about the pool have been escalating as some scientists warn that a new catastrophe is waiting to happen, especially because the three nuclear reactors that had melted, have been returned to a more stable state and because frequent earthquakes are continuing to shake the region.

 

The operator of the plant, Tokyo Electric Power Company, or Tepco, reported that it had noticed a slight bulge in one of the walls of the building, raising fears over the safety of the building and increasing concerns regarding new traction in recent days.

 

The environment and nuclear minister was sent by the government to the plant Saturday, who reported that it appeared to be sound. Although Tepco has assured that reinforcement work has strengthened the building, it has been asked to conduct further studies regarding the bulge.

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Mixed Bag of IPOs with Gains, Losses & Cancellations

Mixed Bag of IPOs with Gains, Losses & Cancellations | Latest News Watch | Scoop.it

Two days after Wall Street had its biggest fall of the year, the initial public offerings Thursday presented a mixed response of investors.

 

IPOs Thursday presented divergent results with Forum Energy being successful, Oaktree losing out and MRC Global ending almost unchanged. Aleris and BrightSource canceled their IPOs.

 

New York, April 13 (SharewellNewswire.com) - Two days after Wall Street had its biggest fall of the year, the initial public offerings Thursday presented a mixed response of investors. Forum Energy Technologies Inc presented a successful IPO by raising $378.9 million and rising 8.8 percent after the IPO. On the other hand, Oaktree Capital Group LLC floundered on its debut. MRC Global Inc ended almost unchanged. Aluminum producer Aleris and solar company BrightSource canceled their IPOs.

IPOs are a good indication of the condition of the stock market and the economy because demand for IPOs rises if the stock market is improving, and investors avoid new public companies if there is big fluctuation in the stock market.

After declining for five days and losing 214 points Tuesday and wiping out more than half of its gains during the first quarter, the Dow Jones industrial Average soared 271 points over Wednesday and Thursday. The IPO of MRC raised $447.3 million with its shares closing almost unchanged. Oaktree shares dropped 1.4 percent after its IPO raised $380.2 million.

The first quarter of the year witnessed relatively strong showings by IPOs but Thursday presented a mixed bag of debuts. In the January-March period, there were more IPOs than there have been since the second quarter of 2011. During that period, the companies that made their debut jumped 13 percent on their first trading day, which was the best performance since 2008, on average.

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When a 10% Average Return Could Destroy Your Retirement

When a 10% Average Return Could Destroy Your Retirement | Latest News Watch | Scoop.it
“Too many people are sold on average returns of their potential investments, when they truly don’t understand them,” says Andy Heifer of Pinnacle Capitol Advisors, LLC.
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Brekford ($BFDI) Solid Q1 Results Suggest Strong Second Half $XRX

Brekford ($BFDI) Solid Q1 Results Suggest Strong Second Half $XRX | Latest News Watch | Scoop.it
Brekford Corp announced on Tuesday that it recorded solid first quarter results, providing clues for second half financial results. Looking past Tuesday’s announcement, investors can look forward to - potentially - a strong second half.
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