STAMFORD, Conn., March 19 /PRNewswire-FirstCall/ — Green Earth Technologies (Pink Sheets: GETG) announced today that they have signed a two-year contract that will name their Ultimate Biodegradable ‘green’ motor oil, G-OIL(TM), the official motor oil of The American Le Mans Series and the International Motor Sports Association (IMSA).
Stocks are flat on a mix of economic data
Wall Street fluctuated in a narrow range Tuesday as a mix of economic and corporate news made for an indecisive session.
Better-than-expected reports on housing and inflation were offset by news of a dividend cut at Alcoa Inc. and layoffs at Nokia Corp.
The Commerce Department said new home construction rose unexpectedly to an annual rate of 583,000 in February from a revised 477,000 in January. Economists expected construction to drop to a pace of around 450,000 units, according to Thomson Reuters.
Building permit applications, a key measure of future activity, also rose. Applications increased 3 percent to an annual rate of 547,000. Economists were expecting permit applications to fall to a rate of 500,000.
Stocks surge on Citigroup’s operating profit news
Wall Street got some good news from Citigroup, and responded with a huge rally.
Led by financial stocks, the market made its first big move upward in weeks Tuesday after Citigroup Inc. said it had operated at a profit during the first two months of the year. All the major indexes soared more than 3.5 percent, and the Dow Jones industrials shot up more than 250 points.
Still, while word of Citi’s performance at least temporarily broke a months-long torrent of bad news from the banking industry, analysts weren’t ready to say the stock market was at a turning point and about to barrel higher.
G-OIL(TM) SAE 5W-30 is the World’s First Bio-Based Motor Oil to Achieve American Petroleum Institutes’ Highly Coveted ‘SM’ Certification
STAMFORD, Conn., March 10 /PRNewswire-FirstCall/ — Green Earth Technologies (Pink Sheets: GETG) announced today that they have been granted the ‘Donut,’ an API Service Symbol for the SAE 5W-30 weight of their green motor oil, G-OIL(TM). G-OIL ultimate biodegradable green motor oils met and passed all the engine test criteria for The American Petroleum Institute (API) SM Certification back in November, becoming the first and only bio-based motor oil to receive such distinguished honors. Now, receiving the official Service Symbol from the American Petroleum Institute, Green Earth Technologies will utilize the ‘Donut’ on their product packaging and ship G-OIL to stores nationwide in the upcoming months.
Just One Concentrated 1.5 oz Dissolvable Detergent Pouch Equals OneFull Gallon of Concentrated Standard Cleaners…Cleaning Better-Faster-GREENER!
STAMFORD, Conn., March 5 /PRNewswire-FirstCall/ — Green Earth Technologies (Pink Sheets: GETG) announced today the introduction of G-CLEAN(TM), their new line of concentrated ultimate biodegradable dissolvable pouches. G-CLEAN pouches are made from American-grown plant base oils and put the power of nanotechnology into your pressure washer without harming the environment, including ground water. Beginning this week, they are available in three 3-Pack formulations: Concrete Cleaner & Degreaser, Siding & All Purpose Cleaner and Mold & Mildew Stain Remover. G-CLEAN pouches are the only pressure washer cleaning products that can go through the pump safely for a high foaming and ‘greener’ clean. The new product line will be introduced and sold exclusively by TTI to The Home Depot.
Stocks post modest gains as Bernanke speaks before Congress
Federal Reserve Chairman Ben Bernanke has steadied Wall Street by telling Congress the recession would end this year.
Bernanke, making his semiannual report on the economy to the Senate Banking Committee, said the economy is likely to keep contracting in the first six months of the year — hardly a surprise to Wall Street. But he also said the recession will end this year and that he would use all available tools to help end it.
Bernanke’s comments helped the market absorb a worrisome report on consumer spending. The Conference Board’s consumer confidence index for February came in at 25, well below expectations. The finding is the latest sign that consumers are deeply worried about the recession and the safety of their jobs.