BUSINESS NOTES CAPSTONE SOARS IN NASDAQ TRADING.Riding a wave of good news for the power technology sector, Chatsworth-based Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. rose dramatically in Nasdaq trading Tuesday. Shares of the company, whose turbines generate electricity using natural gas as a fuel source, rose $9.75 to close at $90. At times on Tuesday, the stock traded at more than $98 a share. Goldman, Sachs and Co. analyst Masroor Siddiqui said Capstone was buoyed by the rising profile of alternative energy companies, even makers of fuel cell technology that competes with Capstone's product. The bulk of Capstone's business so far is in the manufacture of turbine- driven bus engines but the company expects more and more companies looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. their own alternative power source to become customers. Joe Simonetta, an editor covering manufacturing with Hoover's Online, said there is a lack of investor interest in electric utilities, which are contending with skyrocketing costs but caps on the rates they can charge consumers. - Daily News HP provides cash for food dot-com FoodMarketplace.com, the parent company of FoodSamples.com, SurplusFoods.com, and operating manager of Resourcelink.org, announced the receipt of $6.1 million in financing from Hewlett-Packard Co. on Tuesday. Hewlett-Packard's support will help provide FoodMarketplace.com with the technology and financing required to expand its commercial and nonprofit activities. - Daily News Valencia Bank goes on Nasdaq Shares of Valencia Bank and Trust will begin trading today on the Nasdaq's SmallCap Market under the symbol ``VABT.'' The company's stock previously traded on the over the counter markets. John M. Reardon, Valencia Bank's president and chief executive officer, said the company was pleased to have its stock approved by Nasdaq for trading on this exchange. ``When you're a community bank in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , your focus is local. By being on the Nasdaq, we are now much more visible to investors along the East Coast and in the Southeast,'' said Reardon. Founded in 1987, Valencia Bank and Trust operates five branches throughout the Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, and Antelope valleys. As of June 30, the bank had $210 million in assets. - Daily News Sherak is partner in new film studio The man who oversaw distribution of such films as ``Die Hard'' and ``Big'' for 20th Century Fox is leaving to join a newly formed film production company. Tom Sherak, chairman of the domestic film group of Fox Filmed Entertainment, will become a partner in Revolution Studios, the company formed earlier this year by Joe Roth, former studio chief at the Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Ford, Bridgestone blame each other WASHINGTON - The century-long relationship between Ford Motor Co. and Bridgestone/Firestone Inc. unraveled Tuesday, with the two companies trading pointed charges over which is more to blame for scores of fatal crashes involving Firestone tires and Ford Explorers. Last week, two other congressional panels held hearings. - Associated Press London, German market merger off LONDON - The London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. pulled out of its planned merger with Germany's Deutsche Boerse on Tuesday to concentrate on fending off a hostile bid from Sweden's OM Gruppen. The two exchanges had planned to create a pan-European market called iX, envisioned as a precursor to an alliance with the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . - Associated Press Microsoft alleges counterfeiting Microsoft Corp. officials announced legal action Tuesday against a handful of computer resellers for allegedly pirating its software. Lawsuits against the companies - one against Microlink Enterprises Inc. in the City of Industry and two each in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County and the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden region - accuse the defendants of distributing counterfeit or ``infringing'' copies of Microsoft software or components. - City News Service |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion