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Bright and early Tuesday morning, Credit Suisse issued upgrades to Motorola (NYSE: MOT) and Research in Motion Limited (NASDAQ: RIMM), lifting both of them from Neutral to Outperform.
New York – eBay today opened its first pop-up store, a 5,500-square-foot shop in midtown Manhattan dubbed “eBay @ 57th St.”
The auction site has sold off its telephony unit, finally, after plans to take it public and a legal dispute with the company's founders. Read this blog post by Caroline McCarthy on Digital Media.
Sept. 23, 2009—The Toy Industry Foundation today launches an online charity auction on eBay that will benefit children at-risk, abused, abandoned, ill or otherwise in need.
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Nov 20, 2009 (TELECOMWORLDWIRE via COMTEX) --
Online auction company eBay Inc (NASDAQ:EBAY) said on Thursday that it has completed the sale of a majority stake in its Skype communications business.
The 70% holding in Skype was sold for approximately USD1.9bn in cash plus a note for USD125m. The buyer was an investor group led by Silver Lake and including Joltid Ltd and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.
eBay will retain approximately 30% of Skype and has purchased senior debt securities with a face value of USD50m as part of a Skype debt financing.
Comments on this story may be sent to tww.feedback@m2.com
Tags: business communications debt investment nasdaq note online securities silver
Companies: eBay, Inc. (EBAY)
Nov 20, 2009 (M2 PRESSWIRE via COMTEX) --
www.Standoutstocks.com: Stocks That Standout For Nov. 20th, 2009 are Thresher Industries, Inc. (Pink Sheets: THRR), Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH), Bergio International, Inc. (OTC Bulletin Board: BRGO), BizAuctions, Inc. (Pink Sheets: BZCN) Visit Us On Twitter and Facebook: http://twitter.com/StandoutStocks http://www.facebook.com/people/Standout-Stocks/547603354 Sign-up for our FREE Stock Alerts AND AWARD WINNING NEWSLETTER at HYPERLINK "http://www.Standoutstocks.com/" www.Standoutstocks.com _________________________________________________
Thresher Industries Receives Follow-On Order From Plant Sciences Nurseries
HANFORD, Calif., Nov 20, 2009 -- Thresher Industries, Inc. (Pink Sheets: THRR), an eco-friendly manufacturer of precision recycled aluminum and advanced metal matrix composite parts, announced today that it has received a follow-on order from Plant Sciences Nurseries, who first placed an order for immediate delivery in June 2009. This follow up order is for planter wheels made from reclaimed aluminum that utilizes Thresher's exclusive "closed loop" green manufacturing process.
"Industrial materials that were normally considered waste have vastly increased their utility through advanced eco-technologies such as ours," said Tom Flessner, president of Thresher Industries, Inc. "We are dedicated to helping customers like Plant Sciences Nurseries continue to realize the substantial economic and environmental benefits of our 100% recycled manufacturing." Based in Watsonville, CA, Plant Sciences Nurseries is a privately-held company and has emerged as a premier agricultural research company with a multinational clientele. The company operates from multiple departments in four main locations.
About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Longwei Petroleum Investment Holding Cancels First Quarter Fiscal Year 2010 Conference Call
TAIYUAN CITY, China, Nov 20, 2009 -- Longwei Petroleum Investment Holding Ltd. (OTC Bulletin Board: LPIH) ("Longwei"), announced today that it will not be conducting its earnings conference call for the quarter ended September 30, 2009 previously scheduled for Friday, November 20, 2009 at 11:30 a.m. Eastern time.
The earnings call will now take place on Monday, November 23, 2009 at 1:00 p.m. EST.
To participate in the call please dial (888) 218-8176, or (913) 312-0961 for international calls, approximately 10 minutes prior to the scheduled start time. Interested parties can also listen via a live Internet webcast, which can be found at the Company's website at http://www.longweipetroleum.com .
A replay of the call will be available for two weeks from 4:00 p.m. EST on November 23, 2009, until 11:59 p.m. EST on December 7, 2009. The number for the replay is (888) 203-1112, or (719) 457-0820 for international calls; the passcode for the replay is 4403396. In addition, a recording of the call will be available via the company's website at http://www.longweipetroleum.com for one year.
About Longwei Petroleum Investment Holding Limited Longwei Petroleum Investment Holding, Limited (the "Company") is an energy company that, through its subsidiaries, engages in oil and gas operations in the People's Republic of China ("PRC"). Oil and gas operations consist of transporting, marketing and selling finished petroleum products. The Company's headquarters and primary facilities are located in Taiyuan, Shanxi Province ("Shanxi"). The Company purchases diesel, gasoline, fuel oil and kerosene (the "Products") from various petroleum refineries in the PRC. The Company is 1 of 5 licensed intermediaries in Shanxi that operates its own large scale storage tanks and has the necessary licenses to operate and sell Products not only in Shanxi but throughout the entire PRC. The Company's storage tanks have the largest storage capacity of any non-government operated entity in Shanxi. The Company seeks to earn profits by selling its Products at competitive prices to large scale gas stations, coal plants and other power supply customers and small, independent gas stations. The Company also earns revenue by acting as a purchasing agent for other intermediaries in Shanxi and through the sale of diesel and gasoline at a gas station located on the Company's property in Taiyuan.
Bergio Signs Letter of Intent to Acquire Famous Italian Designer Mario Panelli
FAIRFIELD, N.J., Nov 19, 2009 -- Bergio International, Inc. (OTC Bulletin Board: BRGO) announces today that it has entered into a deal to acquire famous Italian designer Mario Panelli.
Mario Panelli reported $1.5 million in inventory, $1.4 million in sales for 2008, with moderate earnings. Bergio will acquire the Company for a liquidated inventory cost of $1,250,000 in cash.
"Bergio is very excited to sign a Letter of Intent to acquire famous Italian designer Mario Panelli. Mario Panelli has been in business for over 40 years and is known internationally for his designs. This acquisition will give Bergio exposure into the international markets," stated Berge Abajian, CEO of Bergio International, Inc.
About Bergio International, Inc.
Bergio is entering into its 20th year of operations with boutique, upscale jewelry stores. It currently sells its jewelry to approximately 150 independent jewelry retailers across the United States. Bergio has spent millions in branding the Bergio brand through tradeshows, trade advertising, national advertising and billboard advertising since launching the line in 1995. Bergio has manufacturing control over its line as a result of having a manufacturing facility in New Jersey as well as subcontracts with facilities in Italy and Bangkok.
We have established Bergio International as a holding company for the purpose of acquiring well-established jewelry design and manufacturing firms who possess branded product lines.
Additionally, Bergio intends to acquire design and manufacturing firms throughout the United States and Europe. If and when they pursue any potential acquisition candidates, they intend to target the top 10% of the world's jewelry manufactures that have already created an identity and brand in the jewelry industry.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
BizAuctions Total Bids on eBay for 90-Day Period Hits 12,402
SAN DIEGO, Nov 19, 2009 -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, overstocks and returns, announced today total bids received for its eBay auctions during the last 90-day period.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total bids received on its listings for the last 90-day time period reaches, 12,402. The average sold price for each listing was approximately $89.00. Management and staff are committed in providing our customers with excellent service and quality brand name products at significant savings from retail prices. This service continues to reflect in the Company's customer satisfaction rating on eBay of 98.9%, with over 40,700 positive feedbacks." "BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay, its recently opened retail store, Lucky 7's, and soon through its recently announced Letter of Intent with Midwest Outlet Centers," continues Janovec.
The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.
More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/ ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.
BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and the quarterly statements filed in calendar year 2009, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
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Companies: BizAuctions Inc (BZCN), Longwei Petroleum Investment Holding Ltd (LPIH), Thresher Industries Inc (THRR)
NEW YORK, Nov 20, 2009 (BUSINESS WIRE) --
eBay @ 57th Street
eBay (Nasdaq:EBAY) kicks off the holiday shopping season today with "eBay @ 57th Street," its first-ever pop-up online shopping experience. At eBay's 5,500-square-foot 57th Street and Fifth Avenue pop-up location, holiday shoppers will have the chance to browse a sampling of 400 hot holiday products available from almost 200 million product listings on eBay -- including everything from Zhu Zhu Pets to diamond rings. Shoppers can then purchase their favorite holiday gifts online from eBay sellers via touch-screen kiosks at the pop-up location or through eBay's popular iPhone application.
"eBay offers great deals and incredible selection on every holiday gift imaginable," said Lorrie Norrington, president of eBay Marketplaces. "Our pop-up experience gives shoppers a unique way to see some of the best of what eBay sellers offer this holiday."
eBay @ 57th Street also will feature on display one-of-a-kind items including a pair of Adam "DJ AM" Goldstein's sneakers from the DJ AM MEMORIAL FUND limited-edition charity sneaker auction (www.ebay.com/djamshoes), glamorous designer dresses from expert eBay seller Kim Kardashian's current charity auction (www.ebay.com/kimskloset), and pieces from fashion designer Norma Kamali's exclusive eBay collection.
eBay's trend and culture experts will be on hand to share insider advice on gift-giving ideas--from Elmo Tickle Hands and refurbished Apple MacBooks to Ed Hardy essentials and Balenciaga bags--and insight on the top trends of 2009. Personal shoppers will facilitate the unique experience; and online purchases can be conveniently shipped home or directly to gift recipients through eBay.com. On Black Friday, one of the busiest shopping days of the year, a limited quantity of an in-demand holiday gift item will be awarded to the first 100 shoppers who visit the store.
eBay also makes it easy to gift for the greater good this holiday season through the eBay Giving Works holiday donation drive, benefiting leading nonprofits selected by eBay. All online purchases made at the pop-up location will be matched dollar-for-dollar by eBay, up to $200,000.
eBay's pop-up holiday experience is located at 3 West 57th Street at Fifth Avenue, and is open to the public from 10:00 a.m. -- 7:30 p.m. from November 20 -- 29, 2009 (closed on Thanksgiving Day; doors open at 11:00 a.m. on Sundays and at 7:00 a.m. on Black Friday, November 27). For more information, visit www.ebayholiday.com.
About eBay
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com and others. eBay Inc. is headquartered in San Jose, California.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6105607&lang=en
SOURCE: eBay Inc.
eBay Inc. Hotline, 408-376-7458 Press@ebay.com or Beth Heller, 212-704-8161 Beth.Heller@Edelman.com
Tags: charity commerce communications diamond dollar fashion nasdaq new_york online pets president products
Companies: eBay, Inc. (EBAY)
SAN JOSE, Calif., Nov 19, 2009 (BUSINESS WIRE) --
eBay Inc. (NASDAQ: EBAY) announced today that it has successfully completed the previously announced sale of its Skype communications unit in a deal valuing the business at $2.75 billion. The buyer, who will control an approximately 70 percent stake, is an investor group led by Silver Lake and includes Joltid Limited and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.
eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ: EBAY) connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.
About Skype
Skype is software that enables the world's conversations. Millions of individuals and businesses use Skype to make free video and voice calls, send instant messages and share files with other Skype users. Every day, people everywhere also use Skype to make low-cost calls to landlines and mobiles.
Forward Looking Statements
This announcement contains forward-looking statements relating to eBay's future performance that are based on its current expectations, forecasts and assumptions. Those statements involve risks and uncertainties, and actual results may differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the anticipated continuation of Skype's growth and the potential longer-term value of Skype.
More information about factors that could affect eBay's operating results can be found in the company's most recent annual report on Form 10-K and its subsequent quarterly reports on Form 10-Q (available at http://investor.ebayinc.com). All forward-looking statements are based on information available to eBay on the date hereof, and eBay assumes no obligation to update such statements.
SOURCE: eBay Inc.
Media Relations: eBay Inc. John Pluhowski, Media hotline: 408-376-7458 jpluhowski@ebay.com or Brunswick Communications Mike Buckley, 415-293-8461 Anisha Patel, 415-293-8461 or Investor Relations: eBay Inc. Tracey Ford, 408-376-7205 tford@ebay.com
Tags: annual report communications debt equity forecasts investment nasdaq note online securities silver software
Companies: eBay, Inc. (EBAY)
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Nokia is cutting its R&D workforce, while eBay says goodbye to Skype. Hear more about these stories and others in today's episode. Read this blog post by Josh Lowensohn on CNET News Daily Podcast.
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Upcoming eBay Developers Conference 2009 at eBay Town Hall / Conference Center (Tuesday June 16, 2009)
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The eBay Star Developer Awards are presented annually to recognize the talent and solutions of members of the eBay Developers Program.
I am a senior software engineer and technical lead at IBM Labs, Bangalore. I have a masters in computer science and have also worked in the role of an architect while at my previous organisations (Computer Associates, PayPal, on behalf of Covansys).