South Texas Oil Company Receives Nasdaq Staff Deficiency Letter
South Texas Oil Company today announced that on May 20, 2009 it received a Nasdaq Staff Deficiency Letter pertaining to continuing listing requirements for the Nasdaq Global Market. Included below is the disclosure included in the Company’s filing on Form 8-K which was filed with the Securities and Exchange Commission on May 22, 2009.
On May 20, 2009, South Texas Oil Company received a Nasdaq Staff Deficiency Letter from Nasdaq’s Listing Qualifications Department indicating that the Company is not in compliance with the minimum $10,000,000 stockholders’ equity requirement for continued listing on the Nasdaq Global Market, as required by Marketplace Rule 5450(b)(1)(A). The Nasdaq notice was the result of its review of the Company’s recent filing on Form 10-Q for the period ending March 31, 2009, which reported total stockholders’ equity of $8,974,415.
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Eurasian Minerals Inc. Announces Addition of Dr. M. Stephen Enders to the Board of Directors
Eurasian Minerals Inc. (TSX VENTURE:EMX) (the “Company” or “EMX”) is pleased to announce the appointment of Dr. M. Stephen Enders to the Company’s board of directors. Dr. Enders comes to EMX with over thirty-two years of diversified executive and leadership experience in mineral exploration, project startup and management in mine development and operations. Dr. Enders is a significant addition to the EMX board and management looks forward to his contributions as the Company continues to advance its programs and further grow shareholder value.
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Southwestern Resources Corp. and Hochschild Mining Plc Joint News Release: Plan of Arrangement to Close Today
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — Southwestern Resources Corp. (TSX: SWG) (”Southwestern” or the “Company”) and Hochschild Mining plc (”Hochschild”) (LSE: HOC) are pleased to announce that, based on discussions and actions that have taken place since the Company’s press release of yesterday’s date, Hochschild will close the transaction contemplated under the Arrangement Agreement between the Company and Hochschild dated March 23, 2009. Accordingly, the parties anticipate that the transaction will close today.
About Southwestern
Southwestern is a Vancouver-based mineral exploration company engaged in the identification, acquisition, evaluation and exploration of gold, silver and base metals mineral properties. Southwestern is a reporting issuer in British Columbia, Alberta, Manitoba, and Ontario and trades on the Toronto Stock Exchange under the symbol SWG. Read more
Even in a recession, some companies are hiring (AP)
By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer
Help wanted: pharmacists, engineers and nurses. Believe it or not, even some banks are hiring, at least for their technology teams. While the recession has claimed 4.4 million jobs, the economy has created others, many of them for highly trained and specialized professionals. More than 2 million jobs openings now exist across a range of industries, according to government data.
Job seekers beware, though. An average of nearly five people are competing for each opening. That’s up sharply from a ratio of less than 2-to-1 in December 2007, when the recession was just starting and nearly 4 million openings existed.
Human resources executives say companies that are hiring are benefiting from a top-notch talent pool as applications pour in from a larger base of job seekers. The number of unemployed Americans has soared, to 12.5 million last month, from 7 million when the recession began. professionals.
Broadly, jobs are being added in education, health care and the federal government, the Labor Department said, with the government adding 9,000 new jobs last month alone.
But beyond those areas, jobs can be found in a variety of sectors. Some places that are hiring, such as companies that make nuclear power equipment, haven’t been hit that hard by the recession. Others, such as discount retailers, are actually benefiting from the downturn as shoppers turn thriftier. Read more
(AP) Maytag voluntarily recalls 1.6M refrigerators
Maytag Corp. said Tuesday that it has voluntarily recalled about 1.6 million refrigerators due to an electrical problem that could create a fire hazard.
The problem has led to 16 incidents ranging from smoke damage to major kitchen damage, Maytag said.
The company and the U.S. Consumer Product Safety Commission said the recall — the nation’s largest involving refrigerators, according to federal authorities, involves some Jenn-Air, Amana, Admiral, Magic Chef, Maytag, Performa by Maytag and Crosley side-by-side and top freezer refrigerators. They were sold from January 2001 through January 2004 at department and appliance stores and by homebuilders.
The refrigerators, which sold for $350 to $1,600, came in black, bisque, white and stainless steel. Those with bottom freezers are not included in the recall.
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Asian markets extend global rally on Citi news (AP)
By JEREMIAH MARQUEZ, AP Business Writer
HONG KONG – Asian stock markets surged Tuesday, with Japanese shares jumping over 4 percent, after Wall Street staged a massive rally as news that Citigroup is turning a profit buoyed hopes the stricken financial sector can recover.
The region’s lurch higher, led by banking shares, was a welcome reprieve from the depressing declines in global equities over the last few weeks.
But the relief was likely to be temporary as stocks, in the throes of the worst bear market in years, continue to grind lower in the coming months in search of a bottom.
“What you’ve seen today is mostly a technical bounce in markets after falling steeply recently, and I don’t think this rally can be sustained,” said Arjuna Mahendran, the Singapore-based head of Asian investment strategy for HSBC Private Bank, which manages some $494 billion in assets. “It’s still far too early to predict that the global recession is over … The fundamentals are simply not in place.”
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Best Energy Services to Announce Fiscal Third Quarter Results
Management to Host Teleconference and Webcast Same Afternoon
Beginning at 4:30 PM Eastern Time
Best Energy Services, Inc a U.S. energy equipment and services provider, today announced that it plans to report its fiscal third quarter results for the three and nine months ended October 31, 2008 on Monday, December 22, 2008.
The Company will also host a teleconference that same day beginning at 4:30 PM Eastern, and invites all interested parties to join management in a discussion regarding the financial results, corporate progression and other meaningful developments. The conference call can be accessed via telephone by dialing toll free 1-800-218-0713 or via the web at www.BEYSinc.com. For those unable to participate at that time, a replay of the webcast will be available for 90 days on www.BEYSinc.com.