Austin, TX 10/31/2007 10:01:36 PM
Speak with other shareholders about: (OTC: CHVC), (NYSE: MER), (NYSE: PG), (NASDAQ: WYNN) .
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Oct. 30, 2007 - Shares of China Voice Holding Corp. (OTC: CHVC) continued their momentous push by trading approximately 925,000 shares and closing up more than 28.0% on Tuesday. The Company's Chinese subsidiary, Beijing Techview System Engineering Co. LTD (BTSE) announced that it was awarded a contract to provide a monitoring and video conferencing system for the Qingdao Municipal Government. The system was designed to enable the smooth execution of the Sailing events and to provide monitoring for public safety during the Beijing 2008 Olympics Games. The estimated value of the Contract is $500,000.
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Oct. 30, 2007 -- The unfolding credit crisis has claimed its biggest corporate casualty so far: Merrill Lynch (NYSE: MER) CEO Stan O'Neal. The announcement of his departure Tuesday came after the world's largest brokerage posted a $2.24 billion quarterly loss, its biggest since being founded 93 years ago. Merrill Lynch did not name a replacement for O'Neal, whose ouster had been expected, and who leaves the company with benefits worth $161.5 million.
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Oct. 30, 2007 -- Consumer products maker Procter & Gamble Co. (NYSE: PG) said Tuesday that its first-quarter profit rose 14 percent, but said rising commodity, energy and product investment costs will hurt its second-quarter margins. Its shares sank more than 4 percent in midday trading after the company offered a cautious outlook for the current quarter and full year. The Cincinnati-based maker of Tide detergent and Gillette shavers said net income grew to $3.08 billion, or 92 cents per share, for the July-September period from $2.7 billion, or 79 cents per share, a year ago. Excluding a German tax benefit of 2 cents per share, the company earned 90 cents per share in the latest period, a penny more than analysts expected.
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Oct. 30, 2007 -- A full quarter of operations at its Macau property, along with string results in Vegas, boosted Wynn Resorts Ltd.'s (NASDAQ: WYNN) third-quarter bottom line with the casino operator turning to a hefty adjusted profit. After the close of trading Tuesday, Wynn said it earned $44.7 million, or 41 cents a share. While that is down sharply from the $715.7 million, or $6.43 a share it earned in the third quarter of 2006, the prior year numbers included a $779 million befit form the sale of a subconcession in Macau. Knocking that, and various other charges and gains out, the company would have earned $73/4 million, or 67 cents a share - vs. a loss of $1.3 million, or a penny a share.
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