Month: July 2011

Peter Schiff

Listener Questions 7-28-11 Preview

July 28, 2011 0

[youtube bZOBEm3HhEo] Jason from Salt Lake City, Utah: I think it probably takes a lot of liquidity creation to maintain 0 percent interest rates. Is it possible to keep monetization going through a scheme whereby the bigger banks have access to very cheap money and they use that to invest in Treasuries at a higher rate? […]

Mergers & Acquisitions

Cooper Industries Announces Acquisition of Martek Power

July 28, 2011 0

Cooper Industries Announces Acquisition of Martek Power Acquisition expands power conversion applications to key vertical and geographic markets PR Newswire DUBLIN, July 28, 2011 DUBLIN , July 28, 2011 /PRNewswire/ — Cooper Industries plc (NYSE: CBE) today announced the acquisition of Martek Power (“Martek”), a manufacturer of power electronic components for approximately euro 130 million (inclusive of assumed debt). Martek specializes in the manufacture of highly specialized power management devices for the military, heavy-duty transportation, aerospace, medical, telecom and hybrid/electrical vehicle markets. Martek will become part of the Cooper Bussmann division of Cooper Industries […]

Stock Analysts

Covance Beats, Backlog Surges (CVD)

July 28, 2011 0

Covance ( CVD ) reported an EPS of 61 cents in the second quarter of fiscal 2011 compared with 49 cents in the year-ago quarter. However, adjusted (excluding restructuring costs) EPS came in at 66 cents, beating the Zacks Consensus Estimate by a penny. Net revenues rose 9.1% year over year to $547.7 million […]

PSE&G and Matrix Development Dedicate New Solar System

July 28, 2011 0

PSE&G and Matrix Development Dedicate New Solar System South Brunswick Warehouse is Second Matrix Site Hosting a Solar 4 All™ Project PR Newswire SOUTH BRUNSWICK, N.J., July 28, 2011 SOUTH BRUNSWICK, N.J. , July 28, 2011 /PRNewswire/ — Public Service Electric and Gas Company (PSE&G) and Matrix Development Group today cut the ribbon on a new rooftop solar installation at a Matrix-owned building in South Brunswick, NJ . The 3.0-megawatt (MW) project is part of PSE&G’s Solar 4 All™ program, the utility’s flagship solar effort to help New Jersey reach its solar energy goals while creating jobs and fostering economic development. […]

Mergers & Acquisitions

China Growth Equity Investment Ltd. Ordinary Shares and Warrants to Commence Trading Separately on July 29, 2011

July 28, 2011 0

China Growth Equity Investment Ltd. Ordinary Shares and Warrants to Commence Trading Separately on July 29, 2011 PR Newswire NEW YORK, July 28, 2011 NEW YORK , July 28, 2011 /PRNewswire-Asia/ — China Growth Equity Investment Ltd. (Nasdaq: CGEIU) (the “Company”) announced today that Deutsche Bank Securities, (“Deutsche”) the representative of the underwriters of its initial public offering of units, which was consummated on June 2, 2011 , has notified the Company that commencing on Friday, July 29, 2011 , the holders of the Company’s units may elect to separately trade the ordinary shares and warrants underlying the units. […]