Stocks in the News: Consolidated American Industries, Amore TV, Apple, Google, Schering-Plough, and More

Strategic Insights -

Consolidated American Industries Corporation has announced the formation of Consolidated American Rubber Corporation, which will be involved in the shredding and processing of steel-belted passenger and truck tires. This move is expected to create new opportunities for the company, which will be headquartered at Consolidated American Industries Corporation's manufacturing facility in Utica, New York. In related news, Amore TV, Inc. has experienced a significant increase in internet traffic, with a 350% rise in return visitors in August compared to the last three months combined. Apple Computer Inc. has named Google Inc. CEO Eric Schmidt to its board of directors, creating a high-profile link between two Silicon Valley giants. Schering-Plough Corp. has reached a $435 million settlement with the federal Department of Justice regarding marketing practices of several drugs.

Key Takeaways:

  • Consolidated American Industries Corporation has formed Consolidated American Rubber Corporation to be involved in the shredding and processing of steel-belted passenger and truck tires.
  • The new company will be headquartered at Consolidated American Industries Corporation's manufacturing facility in Utica, New York.
  • Consolidated American Rubber Corporation is expected to create new opportunities for the company, including the production of finished products such as sidewalks, pallets, mud flaps, and landscape mulch.
  • Amore TV, Inc. has experienced a 350% rise in return visitors in August compared to the last three months combined, indicating remarkable growth.
  • Apple Computer Inc. has named Google Inc. CEO Eric Schmidt to its board of directors, creating a high-profile link between two Silicon Valley giants.
  • Schering-Plough Corp. has reached a $435 million settlement with the federal Department of Justice regarding marketing practices of several drugs.
  • The settlement involves Schering Sales Corp. pleading guilty to one count of conspiracy to make false statements to the government and paying a $180 million criminal fine.
  • The parent company will pay $255 million to resolve the civil aspects of the investigation.
  • InvestSource Communications, Inc. has been compensated 50,000 restricted shares of CMDJ stock from a third party for services rendered.

Statistics:

  • Consolidated American Rubber Corporation will be involved in the shredding and processing of steel-belted passenger and truck tires.
  • Amore TV, Inc. received 350% more return visitors in the month of August than in the last three months combined.
  • The traffic volume on AdultSexTV.tv is a mere 100 unique visitors away from surpassing the total number of unique visitors for the second quarter.
  • Apple Computer Inc. has appointed Google Inc. CEO Eric Schmidt to its board of directors.
  • Schering-Plough Corp. has agreed to pay a $435 million settlement with the federal Department of Justice.
  • The settlement involves Schering Sales Corp. paying a $180 million criminal fine and the parent company paying $255 million to resolve the civil aspects of the investigation.
  • InvestSource Communications, Inc. has been compensated 50,000 restricted shares of CMDJ stock from a third party for services rendered.

Sources:

  • M2 PRESSWIRE, "Stocks in the News: Consolidated American Industries Corp. (OTC: CMDJ), Amore TV, Inc. (OTC: AMTV), Apple Computer Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT), Schering-Plough Corp. (NYSE: SGP)" (August 30, 2006).
  • About InvestSource Communications, Inc. (August 2006).