Implant Sciences Corporation (PINK: IMSC), a developer, manufacturer and seller of sophisticated sensors and systems for security, safety and defense markets, on Monday, announced the appointment of Robert J. Franks as an advisor.
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Shares of InVivo Therapeutics Holdings Corp. (OTC: NVIV), a development stage company engaged in the development and commercialization of polymer scaffolding devices for the treatment of spinal cord injuries, are soaring in trading today.
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Shares of Green Energy Renewable Solutions Inc. (PINK: EWRL), a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities, are seeing a huge rally in trading today after the company provided an update on its Highland Park recycling operations.
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Shares of Biolase Inc. (NASDAQ: BIOL), a medical technology company engaged in the development, manufacturing and marketing of dental lasers, are seeing a huge rally in today’s trading.
Evader Inc. (PINK: EVDR) today announced the filing of sufficient disclosure documents in order to improve its ranks on Pink Sheets.
Shares of Energy Edge Technologies Corp. (PINK: EEDG), a provider of solutions that reduce energy losses while increasing the efficacy of existing buildings, have risen sharply in trading today.
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Shares of East Coast Diversified Corp. (OTC: ECDC), a holding company with a diversified group of technology companies, have risen sharply in trading today.
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Shares of Cotton & Western Mining (PINK: CWRN), a company engaged in mineral exploration and development, are surging in trading today.
Warren Buffet’s investment company Berkshire Hathaway Inc. (NYSE: BRK.A) continues to expand its newspaper division. On Friday, BRK.A, announced that its newspaper division is acquiring the Waco Tribune-Herald.
With the acquisition of Waco Tribune-Herald, Berkshire Hathaway is continuing with its strategy of buying small- and medium-sized newspapers.
Commenting on the acquisition, Terry Kroeger, President of Berkshire Hathaway’s BH Media Group and CEO of Omaha World-Herald Company, said that this is a very strong, growing market with terrific assets including Baylor University and the new research park.
BRK.A is buying the Waco Tribune-Herald from Robinson Media LLC. The newspaper has 124 employees. The transaction is expected to be completed on July 31. BRK.A did not disclose the financial terms of the transaction. The Tribune-Herald has daily circulation of 34,000.
Berkshire Hathaway has acquired a number of newspapers in the last few months. The company is likely to purchase more newspapers, according to Buffett.
BRK.A, which owned the Buffalo News of New York, acquired the Omaha World Herald back in December. Back in May, the investment company announced that it would acquire 63 newspapers from Media General Inc. (NYSE: MEG) for $142million. The company also bought the Bryan-College Station Eagle newspaper this month. It also disclosed a 3.2% stake in Lee Enterprise Inc. (NYSE: LEE), a newspaper publisher.
Berkshire Hathaway also has a 23% stake in the Washington Post Co. (NYSE: WPO), making it the company’s largest shareholder.
Although newspapers have been struggling in the last few years due to declining advertising revenue, Buffett has defended their viability. The billionaire investor believes that newspapers have a decent future if they continue to deliver information that cannot be found elsewhere. In a statement last month, Buffett said that in towns and cities where there is a strong sense of community, there is no more important institution than the local paper.
Facebook Inc. (NASDAQ: FB) has started placing ads on Zynga Inc.’s (NASDAQ: ZNGA) website. The move is the latest effort from the social networking giant in last few weeks to add revenue sources following its disappointing initial public offering.
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