Lifespan (Pink Sheets:LSPN) (www.lifespaninc.com) will commence the marketing of the Medical ScreenPhone, its internet access telephony product, to the 14 trillion dollar US healthcare industry as a medical verification, authorization and billing solution as well as a home care communications tool. Lifespan anticipates that the medical marketplace introduction will be rapidly followed by deployment into the hospitality, banking/finance, security and other telecom markets.
Stocks dip on cautious remarks by Fed Chief
Stocks dipped in morning trading following a big advance Monday that sent the Standard & Poor’s 500 index into positive territory for the year and the Dow Jones industrials up more than 200 points. Positive news on the housing market drove the gains.
Careful remarks from Bernanke gave investors little comfort. The Fed chief told Congress that the economy should start growing again later this year, but he warned that economic activity is likely to be held back by more job losses.
Investors drive stocks higher on heels of better economic and earnings news.
In a welcome surprise for Wall Street on Thursday, the Labor Department said initial claims fell last week by 14,000 to 631,000. Economists had predicted an increase.
Thursday’s readings bolstered investors’ growing belief that the U.S. economy, while not yet healthy, is nearing a bottom. The stock market surged more than 2 percent Wednesday after the Federal Reserve said the contraction appears to be slowing.
Wall Street extends Monday’s losses ahead of first-quarter earnings
Wall Street extended its losses into a second day Tuesday as worries about banks’ balance sheets and poor first-quarter earnings reports intensified.
The Dow Jones industrial average dropped more than 150 points while the broader indexes fell more than 1.5 percent.
Word that the International Monetary Fund was set to forecast $4 trillion in bad assets on banks’ books added to concerns about the financial industry. Published by The Times of London, the report underscored investors’ fears that the U.S. government’s recent efforts to purge banks of troublesome loans might not work.
Meanwhile, investors are bracing for the coming flood of first-quarter earnings reports. Aluminum giant Alcoa Inc. will kick off earnings season Tuesday after the close of the market.
Investors have been more optimistic in recent weeks, sending the major indexes up more than 20 percent from 12-year lows in early March on increasingly positive news about the economy. But many analysts have warned that the rally might not be sustainable, especially as first-quarter earnings loom.
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Podcast: Download (12.3MB) | Embed
The Lifespan Corporation was created to develop and guide feasible, economically viable business projects to a profitable and timely conclusion. Advanced Medical Devices is a project that Lifespan acquired several years ago and has been in development for over 10 years. Developments in technology and the US Healthcare industry have now reached a point where this innovative project is ready for launch.