A Next Generation Financial News Network http://www.financialnewsusa.com en-us http://www.financialnewsusa.com/news/analyst-igts-cfo-pick NEW YORK (AP) -- Patrick W. Cavanaugh's promotion to chief financial officer at International Game Technology is a positive move, an analyst said Tuesday, as it provides investors with a sense of relief that the role is finally filled. The Reno, Nev.-based designer and maker of computerized gaming m... 1231185600 http://www.financialnewsusa.com/news/motorists-habits-spur-call WASHINGTON (AP) -- Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.A federal commission created by Congress to find a way to make up the growing revenue shortfall in the program th... 1231183800 http://www.financialnewsusa.com/news/ahead-of-the-bell-deutsche NEW YORK (AP) -- Expectations for further loan losses led an analyst late Sunday to cut his 2009 and 2010 earnings estimates for Wells Fargo & Co.Deutsche Bank analyst Mike Mayo reduced his estimates on the bank based on an uncertain economic outlook and an increase in loan loss expectations. May... 1231182000 http://www.financialnewsusa.com/news/early-glance-telecom NEW YORK (AP) -- Shares of some top telecom companies are down at 10 a.m.: AT&T Inc (NYSE: T) fell $1.11 or 3.8 percent, to $28.31. Qwest (NYSE: Q) fell $.15 or 4.1 percent, to $3.54. Sprint Nextel (NYSE: S) fell $.06 or 3.1 percent, to $1.89. Verizon (NYSE: VZ) fell $1.87 or 5.4 percent, to $... 1231180200 http://www.financialnewsusa.com/news/wall-street-starts-new-year By Chuck MikolajczakNEW YORK (Reuters) - U.S. stocks started the new year with a big jump on Friday as investors looked beyond yet another piece of grim economic data on hopes that a recovery is on the horizon after a disastrous 2008. Analysts said investors seemed to be discounting economic data... 1231178400 http://www.financialnewsusa.com/news/consol-to-close-western-pa MARIANNA, Pa. (AP) -- Consol Energy plans to close its 84 Mine in southwestern Pennsylvania in about two months, citing dropping coal prices in the sluggish economy.About 260 miners work at the mine in Amwell Township, about 25 miles south of Pittsburgh.In October, Consol announced it would lay off ... 1231176600 http://www.financialnewsusa.com/news/fitch-puts-dow-rohm--haas-on NEW YORK (AP) -- Fitch Ratings said Wednesday it may lower its credit ratings on Rohm & Haas Co. and Dow Chemical Co. after a $17.4 billion joint venture between Dow and a Kuwait state-owned company collapsed. The ratings agency placed its short-term issuer default ratings and commercial paper rati... 1231174800 http://www.financialnewsusa.com/news/biocentric-energy-algae-3 BioCentric Energy Holdings, Inc. (OTC: BEHL) -- On Friday, December 26, 2008, Barry Cohen from The National Algae Association inquired... "We would like to know if you are available to speak about the BioCentric patent pending closed-loop system at our Algae Commercialization, Research and Business ... 1231174800 http://www.financialnewsusa.com/news/greenshift-receives-grant GreenShift Corporation (OTCBB: GERS) today announced that it has received a grant award of $375,000 to further the development of GreenShift's patented and patent-pending algae bioreactor. The funding is provided through the Montana Board of Research and Commercialization, a unit of the Montana D... 1231174800 http://www.financialnewsusa.com/news/nutracea-closes-10000000 NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology announced today it has closed a new credit facility with Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A. The initial rate of interest varies from prime plus 2.5% to prime plus 3%.... 1231174800 http://www.financialnewsusa.com/news/international-stem-cell International Stem Cell Corporation (OTCBB: ISCO) announced on December 30 that it had received the first $1 million tranche of an anticipated private equity financing of up to $5 million to be funded over the next several months. Officials of the Company commented today on the significance of that ... 1231174800