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Hong Kong Highpower Technology Reports Second Quarter 2009 Financial Results
HONG KONG and SAN JOSE, CA--(Marketwire - August 10, 2009) - Hong Kong Highpower Technology, Inc. (NYSE Amex: HPJ), a leading developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) rechargeable batteries and related products, today announced financial results for the second quarter ended June 30, 2009. Business Highlights -- Earned net income of $0.07 per diluted share for second quarter 2009, a 40% increase year-over-year, and 133% increase sequentially; -- Generated gross margin of 20% on net sales of $15.4 million for second quarter 2009; -- EBITDA increased 28% over year ago, and rose 54% sequentially, to $1.5 million; -- Significant improvement in debt-to-capital ratio resulting in stronger capital structure; -- Inventory reduced 61% from the year-ago quarter greatly decreasing inventory carry exposure.
Market Wire

Play United Casino Announces Upcoming Release of New Marvel Slots: Iron Man and The Incredible Hulk
Two exciting new online slot games themed after Marvel super-heroes Iron Man and The Incredible Hulk will soon be available to players worldwide
E- Commerce News Articles

DIFC payment system law enacted
HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has enacted the Dubai International Financial Centre?s (DIFC) new Payment System Settlement Finality (PSSF) Law that would help build a regional transaction processing hub in DIFC that will provide payment systems and other ancillary services. The new law, the first of its kind in the GCC, paves the way for the launch of the Real-time Automated Payments in DIFC which will provide transaction processing services from within the DIFC to banks and their customers both in the zone and the wider Middle East and North Africa region.
AME

CPSC Launches Internet Resale Round-up Campaign
The Consumer Product Safety Commission (CPSC) has announced its Top Ten list of recalled children's products as part of the agency's 'Resale Round-up' campaign. CPSC's goal is to protect consumers by getting dangerous recalled products out of resale stores and off the Internet. Re-selling recalled products is a violation of federal law.
OHS Online

Hometown Buffet Agrees to Settle Sexual Harassment Suit
The Equal Employment Opportunity Commission (EEOC) recently announced a class litigation settlement against Hometown Buffet, Inc., on behalf of teens and Latinas who were subjected to a sexually hostile workplace, including verbal and physical abuse, in violation of Title VII of the civil rights Act.
OHS Online

OncoGenex Announces Issuance of Key Patent
BOTHELL, WA, and VANCOUVER - OncoGenex Pharmaceuticals Inc., announced in a press release that the US Patent and Trademark Office has issued US Patent Number 7,569,551 entitled "Chemo-and Radiation-sensitization of Cancer by Antisense TRPM-2 Oligodeoxynucleotides," on the method of using OncoGenex' lead cancer drug candidate, OGX-011, to treat certain cancers. The patent, licensed from the Univer...
AG IP News

GM To Sell Cars On eBay
General Motors is expected to announce a deal that would allow consumers to buy GM vehicles on ebay's online auction site. Buying cars online isn't new, but up until now it's mostly been used cars. GM's deal with eBay is aimed at boosting new car and truck sales.
NPR

Sauce King Brand Announces a Culinary Treasure
It seems in today's new world a political hot bed of politicians shouting change, that change is not always good. Change can take you from bad to worse. No, my friends what america needs and long...
Big News Network

Mobily extends its 3G coverage
SAUDI ARABIA. Mobily, Etihad Etisalat, announced that it has added a number of Northern provinces cities and villages to its advanced 3G network (3.5G and 3.75G) coverage
Business Intelligence Middle East

Aussie stocks close flat
THE share market closed flat after pulling back from a 10-month intraday high, with the banks and big miners trading lower at the start of the reporting season.
The Australian

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