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LDK Solar (NYSE: LDK) Slides On Weak Q1

LDK Solar (NYSE: LDK) Slides On Weak Q1Shawshank, VA 6/26/12 (StreetBeat) -- LDK Solar (NYSE: LDK) shares are trading sharply lower this morning after the company posted disappointing results for the March quarter.For the period, the China-based solar company reported sales of $200.1 million, down from $420.2 million in Q4 and $766.3 million a year ago, and below the Street at $225.5 million. The company lost $1.46 a share in the quarter, worse than the Street consensus...more

Capital Bank raises bid for Southern Community (Nasdaq: SCMF)

Capital Bank raises bid for Southern Community (Nasdaq: SCMF)Palm Beach, FL 6/26/12 (StreetBeat) -- Capital Bank Financial Corp, a U.S. bank holding company that last year filed plans for a public stock offering, has raised its offer to buy Southern Community Financial Corp (Nasdaq:SCMF) by 8 percent and now plans to pay for the deal wholly in cash.The new deal at $3.11 per share values Southern Community's equity at about $52 million, according to...more

Supernus (Nasdaq: SUPN) epilepsy drug gets tentative FDA nod

Supernus (Nasdaq: SUPN) epilepsy drug gets tentative FDA nodPalm Beach, FL 6/26/12 (StreetBeat) -- Supernus Pharmaceuticals Inc (Nasdaq: SUPN) said the U.S. health regulator granted a tentative approval to its epilepsy treatment Trokendi XR, sending its shares up 38 percent before the bell.The company said the U.S. Food and Drug Administration completed a review of Trokendi, an extended release version of Johnson & Johnson's widely-used epilepsy drug...more

Daulton Capital (OTCBB: DUCP) Announces $105 Million Gold Sales Contract

Daulton Capital (OTCBB: DUCP) Announces $105 Million Gold Sales ContractOrlando, FL 6/26/12 (StreetBeat) -- Daulton Capital Corp. (OTCBB:DUCP) (to be renamed Celframe Arx Resources Corp) a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and...more

Sanguine (OTCBB: SGUI) Provides Update on Status of Company

Sanguine (OTCBB: SGUI) Provides Update on Status of CompanyAtlanta, GA 6/25/12 (StreetBeat) -- Sanguine Corp. (OTCBB:SGUI) is pleased to provide a corporate update in the form of a statement from the President of the Company, Mr. Frank Marra.As an emerging life science technology company, we have overcome several obstacles over these past few years, all of which were exacerbated by the meltdown of the financial markets. However, in the face of these issues...more

Telkonet (OTCBB: TKOI) Partners with OTO Development

Telkonet (OTCBB: TKOI) Partners with OTO DevelopmentPalm Beach, FL 6/25/12 (StreetBeat) -- Telkonet, Inc. (OTCBB: TKOI), developer of the revolutionary EcoSmart energy management platform incorporating patented Recovery Time™ technology, announced today that the new development project, Hyatt Place Los Angeles Int Airport/El Segundo of El Segundo, CA, will be installed with a fully networked EcoSmart energy management solution.In partnership with Spartanburg,...more

Great Wall Builders (OTCBB:GWBU) Contract for EUR750,000 Start FEED Units in Slovenia

Great Wall Builders (OTCBB:GWBU) Contract for EUR750,000 Start FEED Units in SloveniaPalm Beach, FL 6/25/12 (StreetBeat) -- Great Wall Builders Ltd. (OTCBB:GWBU) (or "the Company"), operating as "Start Technologies Europe s.r.o." ("Start Technologies"), and NESS Tech GmbH, Start's exclusive European distributor, is pleased to announce the appointment of TE.SIS d.o.o, as its agent for the Slovenian market.As previously...more

3 Things to Know Before Trading

3 Things to Know Before TradingPalm Beach, FL 6/25/12 (StreetBeat) -- Stocks were broadly weaker in Asian trade. Shanghai fell 1.6%, the Nikkei was down 0.7%, while the Hang Seng and Australia were a half percent lower on the session. European indexes are also weaker this morning, with the Dax off 1.8%, the Footsie down 0.7% and Spain is more than two and a half percent lower this morning. US stock futures a down by almost one percent as I write. *Spain has formally requested...more

AB InBev (NYSE: BUD) Nears Deal to Buy Modelo

AB InBev (NYSE: BUD) Nears Deal to Buy ModeloAtlanta, GA 6/25/12 (StreetBeat) – Anheuser-Busch InBev NV (NYSE: BUD), the world’s biggest brewer, is close to buying the remainder of Mexico’s Grupo Modelo (OTCBB: GPMCF) SAB for more than $12 billion, according to a person with knowledge of the matter.The purchase may be announced as soon as this week, said the person, who asked not to be identified as the discussions are confidential. The deal...more

Fidelity National to buy J Alexander's (Nasdaq: JAX) for $72 mln

Fidelity National to buy J Alexander's (Nasdaq: JAX) for $72 mlnAtlanta, GA 6/25/12 (StreetBeat) -- Fidelity National Financial Inc, the No. 1 U.S. property title insurer, will buy restaurant operator J Alexander's Corp (Nasdaq: JAX) for about $72 million.Shareholders of J Alexander's can elect to receive $12 per share in cash or a combination of $3 in cash and one share of Class A common stock of American Blue Ribbon Holdings Inc (Nasdaq:ABRH),...more

GeoEye (Nasdaq: GEOY) shares tumble on loss of government contract

GeoEye (Nasdaq: GEOY) shares tumble on loss of government contractShawshank, VA 6/25/12 (StreetBeat) – Shares of GeoEye Inc (Nasdaq: GEOY) fell 26 percent in morning trade, after the satellite imagery provider said the U.S. National Geospatial Intelligence Agency (NGA) will not renew a major contract with it due to budget constraints.GeoEye and rival DigitalGlobe Inc had won contracts worth $7 billion from the NGA to provide high-resolution...more

Ventrus Bio (Nasdaq:VTUS): -53% How Stupid does Brean Murray Look?

Ventrus Bio (Nasdaq:VTUS): -53% How Stupid does Brean Murray Look?Northern,WI  6/25/12 (TheStreetBeat)  --  Ventrus Bio (Nasdaq:VTUS): -53% How Stupid does Brean Murray Look?  Wall Street research never ceases to amaze me and this little collapse caught my eye as Ventrus Bio cancels any furthur research on VEN 309 a drug which was in the midst of FDA drug trials. The real stumper for me is why in the hell Brean Murray...more

Egypt Stocks Surge 7.6% After Vote

Egypt Stocks Surge 7.6% After VoteShawshank, VA 6/25/12 (StreetBeat) – Trade on Egypt’s stock market was suspended as stocks were surging on Monday but even so the market closed 7.6 percent higher, the first reaction to the announcement of Mohamed Mursi as Egypt’s new President. The surge places the index among the world’s best performers once again.The Market Vectors Egypt ETF (PCX:EGPT) in the U.S., another way for foreign investors to win exposure...more

AB InBev (NYSE: BUD) Nears Deal to Buy Modelo

AB InBev (NYSE: BUD) Nears Deal to Buy ModeloAtlanta, GA 6/25/12 (StreetBeat) – Anheuser-Busch InBev NV (NYSE: BUD), the world’s biggest brewer, is close to buying the remainder of Mexico’s Grupo Modelo (OTCBB: GPMCF) SAB for more than $12 billion, according to a person with knowledge of the matter.The purchase may be announced as soon as this week, said the person, who asked not to be identified as the discussions are confidential. The deal...more

Fidelity National to buy J Alexander's (Nasdaq: JAX) for $72 mln

Fidelity National to buy J Alexander's (Nasdaq: JAX) for $72 mlnAtlanta, GA 6/25/12 (StreetBeat) -- Fidelity National Financial Inc, the No. 1 U.S. property title insurer, will buy restaurant operator J Alexander's Corp (Nasdaq: JAX) for about $72 million.Shareholders of J Alexander's can elect to receive $12 per share in cash or a combination of $3 in cash and one share of Class A common stock of American Blue Ribbon Holdings Inc (Nasdaq:ABRH),...more

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