New York, December 02, 2013 /Accesswire/ - Market Buzz Report, a leading penny stock newsletters provider, issues major news alert for OCZ Technology Group Inc.(NASDAQ:OCZ), Federal National Mortgage Association (OTCBB:FNMA), General Electric Company (NYSE:GE), Cisco Systems, Inc.(NASDAQ:CSCO).
OCZ Technology Group Inc.(NASDAQ:OCZ) shares gained 2.13% to $0.1150. The company on Nov. 27 said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ shares tumbled as much as 80 percent on Wednesday after trading of the stock resumed on the Nasdaq. The stock had fallen 69 percent so far this year through Tuesday's close. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.
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Additionally, the company on Nov. 7 announced further progress in resolving outstanding legal issues. Three shareholder derivative actions filed in California state court recently were dismissed with prejudice pursuant to stipulation and order.
Federal National Mortgage Association (OTCBB:FNMA) shares dropped 2.21% and closed at $2.65. The company on Nov. 27 said it October 2013 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
Free Urgent Insider Catalyst Report For FNMA Available Here: http://marketbuzzreport.com/index.php?code=FNMA (Or Copy and paste the URL into your browser)
Additionally, An investment firm is offering to buy from the government core businesses of mortgage giants Fannie Mae and Freddie Mac in a $52 billion deal. Fairholme Capital Management made the proposal on Nov. 13 to the Federal Housing Finance Agency, which oversees Fannie and Freddie. The government rescued the two companies in the financial crisis in September 2008 with taxpayer aid totaling $187 billion.
General Electric Company (NYSE:GE) shares decreased 0.11% to $26.63 in the last trading session. NineSigma, Inc., the leading innovation partner to organizations worldwide, and General Electric (GE) on Dec. 2 announced that ten finalists have been selected in the GE 3D Printing Production Quest. The digital fabrication technologies identified through this quest may be used to produce medical imaging equipment parts. Up to three winning prototypes will be awarded $50,000 each.
Free Urgent Insider Catalyst Report For GE Available Here: http://marketbuzzreport.com/index.php?code=GE (Or Copy and paste the URL into your browser)
GE worked closely with digital strategy firm Undercurrent to initiate this open innovation quest with NineSigma. The two-phase quest challenges fabricators to demonstrate abilities to produce complex parts with high precision, using refractory metals and additive manufacturing processes.
Cisco Systems, Inc.(NASDAQ:CSCO) shares climbed 0.24% to $21.25. The company on Dec.1 said it will host a panel of five leading women who are trailblazing the path to success for other women in business during the San Francisco-Bangalore Sister City Initiative trade mission to Bangalore. Cisco will host the panel live via Cisco TelePresence from San Jose, California, and from Bangalore.
Free Urgent Insider Catalyst Report For CSCO Available Here: http://marketbuzzreport.com/index.php?code=CSCO (Or Copy and paste the URL into your browser)
Additionally, the company on Nov. 20 announced new solutions and services in the Cisco EnergyWise™ Suite that help enterprises become more energy efficient, reducing costs and carbon emissions. The expanded portfolio is based on the integration of recently acquired JouleX software with Cisco's existing services offerings and EnergyWise technology.
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