Investor attention remains focused on the turmoil around Fannie and Freddie and fears about more credit losses at regional banks drove the Dollar sharply lower a day ago, with the Euro hitting a record high at 1.6037. But concerns about
The three day break in crude oil continued to provide support for the Dollar while sending the EUR/USD into a major retracement zone. Based on the main range of 1.5610 to 1.6038, the Euro is expected to see fresh buying
USD/JPY 106.27 - 18 July USD/JPY Open 106.22 High 107.06 Low 104.75 Close 106.31 The US Dollar climbed significantly yesterday against the Japanese Yen from yesterday's bottom 104.75 to the top 107.06, which are the first support and resistance levels
The USD/JPY traded higher on Thursday as traders welcomed the friendly news from J.P. Morgan and lower crude oil. The news from J.P. Morgan, better-than-expected, helped ease some of the concerns about the banking sector. Traders were relieved as the
The USD/CAD rose on the break in the crude oil market. Although lower energy prices are supposed to be beneficial to an economy, in this case they will adversely affect Canadian exports. After reaching an objective of par, the USD/CAD
The Dollar surged against the Yen on Thursday and erased earlier losses versus the Euro as Oil prices plunged and investors worried that high energy costs and financial market turmoil were slowing global growth. US stocks also rallied as Oil
The USD/CHF rallied sharply higher as the news from J.P. Morgan helped to take some of the bearishness out of the financial sector as traders gained more confidence in the Fed's ability to turn this sector around. Investors have been
The GBP/USD has been trading firm this week buoyed by lower crude oil and the higher stock market. Traders have also been relieved that the inflationary news is lessening the possibility of an interest rate cut by the Bank of
The AUD/USD is feeling pressure from slowing demand. A statement earlier in the week from Reserve Bank of Australia Governor Glenn Stevens also implied that inflationary pressure will ease. Financial traders are now factoring in the possibility of interest rates
The NZD/USD felt pressure on Thursday from traders reallocating assets out of New Zealand and into the U.S. stock markets. Although the higher yield offered by this country is attractive, traders decided to take on a little more risk for
In May, June and November 2006, and April 2007, Isonics Corporation ( "Isonics ") issued YA Global Investments, L.P. ( "YA Global "), formerly known as Cornell Capital Partners, LP, a total of four convertible debentures having an agg ...
On July 18, 2008, Citigroup Inc. announced its results of operations for the quarter ended June 30, 2008. A copy of the related press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by
On July 15, 2008, the Company entered into an Amended and Restated Credit Agreement (the "Credit Agreement ") with a group of six banks: Bank of America, N.A., as Administrative Agent, Issuing Lender and as a Lender; Wells Fargo Bank
Item 5. Other Events BNC Bancorp (the "Registrant") announced on July 18, 2008 that its Board of Directors had authorized the repurchase of up to $1 million of the Registrant's common stock that is currently issued and outstanding. Any repurchase
We provided Albert Wong & Co. with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission, and requested that the firm furnish us with a letter addressed to the Securities
oration ( "Company ") announced in a press release its results of operations and financial condition for the second quarter ended June 28, 2008. A copy of the press release is attached as Exhibit 99.1 of this Cur ... read
On July 17, 2008, the Company issued a press release announcing second quarter financial results. The press release is included as Exhibit 99.1 to this report. ... read more in hotstocked.com
On July 18, 2008, Old Line Bancshares, Inc. issued a press release announcing that its Board of Directors has approved an increase in the number of shares of common stock that the Company may repurchase under the previously approved Stock
Item 4.01 and, if it does not agree, the respects in which it does not agree. A copy of the letter, dated July 14, 2008, is filed as Exhibit 16.1 to this Report.
