Marshall Edwards Inc. Names Thomas Zech CFO And Company Secretary - Quick Facts
(RTTNews) - Novogen Limited's subsidiary, Marshall Edwards, Inc. (MSHL) said it appointed Thomas Zech as the company's Chief Financial Officer and Company Secretary based in San Diego. This follows the appointment of Daniel Gold as Chief Executive Officer of the North Ryde, Australia-based pharmaceutical company Marshall Edwards, Inc. in April 2010.
Following the appointments, Novogen has restructured its Australian management team and has appointed Mark Hinze as Chief Financial Officer and Operations Manager of Novogen. Hinze has been with the Novogen Group for over 10 years and previously held the position of the Group's Financial Controller.
David Seaton, who was previously Chief Financial Officer of Novogen and Chief Financial Officer and Company Secretary of Marshall Edwards, Inc., and more recently Acting Chief Executive Officer, would leave the company immediately. Also, due to the high priority of current and future clinical programs now being managed from the US, Novogen's Group Director of Research Professor Alan Husband would leave the Group at the end of June 2010.
MSHL closed Thursday's regular trading session at $1.46, on a volume of 11 thousand shares on the Nasdaq.
Copyright(c) 2010 RTTNews.com, Inc. All Rights Reserved For comments and feedback: contact editorial@rttnews.com
|
|
New!
Stock Market Forums (US, Europe, Asia)
Free Membership
|
|
|
| Latest USA Stock Market Reports |
US stock market daily report (September 01, 2010, Wednesday)
Stocks rallied in the first trading session in September, with the Dow being up triple digits. Thanks to a better than expected report on manufacturing, all three major indexes were on the rise. Typically in September, stocks post losses for the month. Investors say that maybe this year's September was in August. Stocks took a big hit in August; all three major indexes reported pretty significant losses. Coming in first was the Nasdaq; the index lost 6.2% in August, the Standard & Poor's 500 index is down 4.7% and the Dow Jones Industrial Average lost 4.3%. Recently when economic reports are released and they are better than expected stocks rise. Investors are looking for any positive news on the economy. They have feared throughout the summer that the economic recovery is headed towards a stand still. Analysts believe that the market will more than likely continue to fall overall. Despite the weary report from ADP stocks continued to rise. ADP is a payroll processing firm whose report is used as a way to tell what kind of report we will get from the Labor Department in their weekly report on the job market. ADP reported that employers cut 10,000 jobs in August, down from the 37,000 jobs added in July.
US stock market daily report ( August 31, 2010, Tuesday)
It was reported today that the amount of U.S. Banks in trouble is at a high that hasn't been seen since 1993. In a government report, the number of banks that have a possibility of filing doubled since last year. In the Federal Deposit Insurance Corp's quarterly survey, it showed an increase by 53 banks, taking the overall number to 829 banks being watched to fail. Just because the FDIC is watching these banks doesn't necessarily mean the financial institution will fail, it is just struggling. Few banks on the list actually get to that point; only 13% of banks on the list close. Last year the FDIC list reached 416, but in the first quarter of 2010 it rose to 775. In the report, it showed that 118 financial institutions have closed this year, and 45 of them were closed just in the second quarter.
US stock market daily report (August 30, 2010, Monday)
Today's stock market news wasn't the news investors were looking for to continue the rallies of Friday. Investors remained cautious in the first trading day of the week; stocks were headed lower after a positive report on consumer spending. This morning the Commerce Department reported that consumer spending rose 0.4% in July, up from the 0.1% it rose in June. Analysts' were looking for spending to rise by 0.2%, so were pleasantly surprised. Personal incomes rose in July; there was a rise by 0.2%, unchanged from the previous month. Analysts' were expecting to see spending rise by 0.3%. Analysts' say without a steady rise in personal income that the rise in consumer spending will only be temporarily
| |
|
|
| USA Stocks Recommendations |
Intel Corp. (Nasdaq:INTC) is poised to top estimates over the next two quarters, 8 September 2009
Intel Corp. (Nasdaq: INTC) is a cyclical company. That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates. So it’s no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the company has rallied more than 50% from its Feb. 23 low of $12.08 a share. It closed Friday at $19.64.
Verint Systems price target reduced, 7 December 2007
RBC Capital Markets reduced its price target on Verint Systems from $34 to $25.
Thomas Weisel upgraded Intel to "overweight", 6 December 2007
Thomas Weisel Partners analyst Kevin Cassidy lifted price target on Intel shares from $28 to $33 per share, citing an expected jump in computer demand during 2008.
| | USA News |
Factories Are Humming Along, Albeit Not at a Robust Pace, 2 September 2010
Tax Rates, Business Investment, Personal Saving Rates: We Report, You Decide, 1 September 2010
Nitty Gritty Details of the Labor Market Make Headlines, 31 August 2010
Bernanke Presents Fed’s Options and Indicates Deflation Not a Significant Risk, 30 August 2010
Bernanke’s Speech on August 27 – What to Look For, 27 August 2010
|
|
