News / Stocks
Obsidian Financial’s Morning Market News for Tuesday October 11, 2011: Green Energy Solution Industries Inc., Delta Air Lines Inc., MGM Resorts International, Texas Instruments Incorporated, Zoo Entertainment Inc.
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Green Energy Solution Industries Inc. (OTC: SATM) announced yesterday 10/10/11, that they will be releasing projections for its renewable energy project in Alberta from several different variables of revenue sources. GESI’s projections for plant revenues will be released in the very near term. GESI has been able to determine the sources of revenue for electrical and bio-fuels projections given its long term feedstock supply. The projections are based upon the feasibility study of commercially proven power generation from its type of feedstock supply, prevailing electrical values, prevailing bottom line fuel values, and the fuel values based on such production.
To view the full press release for Green Energy Solution Industries Inc. (OTC: SATM), CLICK HERE or visit OFinancialinc.com
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Delta Air Lines Inc. (NYSE: DAL) announced yesterday 10/10/11, that they will be following through with flight cuts at Memphis International Airport. The Atlanta-based airline will be dropping seven destinations and reducing service to six more, effective Jan. 4, according to the industry website www.airliners.net. Delta will be discontinuing direct flights from Baltimore; Panama City, Fla.; Gulfport-Biloxi, Miss.; Grand Rapids, Mich.; Wichita, Kan.; Mobile, Ala.; and Seattle. The company will also be cutting one flight from Cleveland, Ohio; Newark, N.J.; Huntsville, Ala.; Jacksonville, Fla.; Philadelphia; and Shreveport, La. The website reports Delta’s daily flights in Memphis will be reduced from 164 to 149. Delta operates one of its hubs at Memphis International, where it is the largest passenger carrier.
MGM Resorts International’s (NYSE: MGM) wholly owned subsidiary MGM Hospitality, today 10/11/11, announced that they have signed definitive agreements in connection with the development and operation of a Bellagio hotel, an MGM Grand hotel, and a Skylofts hotel, as part of the Maker Maxity mixed-use development complex in Mumbai, India. Maker Maxity is an approximately 20 acre integrated commercial, entertainment, and hospitality complex that will not only be a landmark for Mumbai but will set a new standard for mixed-use development projects in the entire region. Maker Maxity is part of and strategically located at the entry point of the Bandra Kurla Complex, the city's new Central Business District, at Mumbai's geographic center and is bordered by the new International Finance Center on one side and Bandra – one of Mumbai's most prestigious and affluent residential neighborhoods -- on the other. In addition to the Bellagio, MGM Grand, and Skylofts hotels, the immaculately designed and meticulously planned complex includes five Class A commercial office buildings, a luxury retail development, and a private club as part of the hospitality precinct.
Texas Instruments Incorporated (NYSE: TXN) yesterday 10/10/11, introduced four new SIMPLE SWITCHER® power management integrated circuits for space-constrained point-of-load designs in industrial, communications and automotive applications. The National 1-A LMZ10501 and 650-mA LMZ10500 nano modules with on-chip inductor and 2-A LMR24220 and 1-A LMR24210 nano regulators feature high performance and tiny, nano packaging as small as 7.5-mm2. Used in conjunction with the WEBENCH® online design tool, the products simplify and speed the design process. For more information, samples or an evaluation board, visit www.ti.com/nano
Zoo Entertainment, Inc.'s (NASDAQ: ZOOG) subsidiary indiePub are proud to announce today 10/11/11, its 2012 Independent Propeller Awards video game development competition to be presented during the 2012 South by Southwest (SXSW) ScreenBurn Arcade in Austin, TX (USA). indiePub will award $50,000 in total cash prizes including $25,000 to a Grand Prize winner and $5,000 to the winner of each individual category: Best Art, Best Audio, Best Design, Technical Excellence and Mobile Game. The winning games will also be demonstrated March 9 through 11, 2012, in indiePub's SXSW Interactive ScreenBurn Arcade booth located in the Austin Convention Center. The ScreenBurn Arcade is free and open to the public.
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