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Dow skids more than 700 as retail sales plunge- Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The Dow Jones industrials dropped 700 points, wiping out much of Monday's 936-point advance, and all the major indexes fell at least 7 percent.
McCain seeks to recharge candidacy at final debate- John McCain sought to change the course of a campaign moving decidedly in Barack Obama's direction Wednesday night in the third and final presidential debate.
Nancy Reagan hospitalized with broken pelvis- Nancy Reagan suffered a broken pelvis in a fall at her home and will be hospitalized for several days, her spokeswoman said Wednesday. The 87-year-old former first lady fell last week, spokeswoman Joanne Drake said. She did not seek immediate medical care but decided Monday to get checked out because of persistent pain, Drake said.
Cheney experiences abnormal heart rhythm- Vice President Dick Cheney experienced an abnormal heartbeat Wednesday morning and, upon the advice of White House doctors, went to the hospital for a procedure to "restore his normal rhythm."
Palin sees similarities between NH and Alaska- Republican vice presidential nominee Sarah Palin said Wednesday she feels a kinship with the moose-hunting, tax-hating voters of New Hampshire who gave John McCain his first primary victory. At the first of three rallies, the Alaska governor said New Hampshire's state motto, "Live Free or Die," would be a good motto for her state.
- A top lieutenant to Martin Luther King Jr. has been sentenced to 15 years in prison for incest. The Rev. James L. Bevel was a key architect of the 1963 Children's Crusade in Birmingham, Ala., and other pivotal moments of the civil rights movement. He was convicted earlier this year of having sex 15 years ago with his then-teenage daughter in Virginia.
'Housewives' actor injured in motorcycle accident- Gale Harold was in critical condition Wednesday after the "Desperate Housewives" actor crashed his motorcycle the day before, a hospital spokeswoman said.
- Authorities say relatives of a deceased Tehama County woman cremated her remains on a makeshift barbecue and continued collecting her retirement checks.
Rays switch to Kazmir in Game 5 against Red Sox- The Tampa Bay Rays are giving Scott Kazmir the chance to pitch them into the World Series. The 24-year-old left-hander was moved up in the rotation so he could start in the potential AL pennant clincher against the Boston Red Sox on Thursday night at Fenway Park. The move keeps Kazmir on his regular rest and bumps scheduled starter James Shields to the if-necessary Game 6 at home Saturday.
China Wind Systems, Inc. Completes Construction of New Building in Support of Phase One Expansion
The new facility, measuring 29,063 square feet, will be equipped with
heating furnaces and a natural gas control system, which will be used in
heating forged metal pieces and fabricating them into rolled rings, measuring
up to 6.3 meters in diameter and shafts, weighing up to 50 tons, to be used in
1MW to 3MW wind turbine units. The annual production capacity for both rolled
rings and shafts is designed to reach 400,000 tons once Phase I expansion is
complete. The current average market price for rolled rings and shafts is
Moreover, equipment purchased in early
"We anticipate rolling out production of wind components from our phase
one expansion in
About China Wind Systems, Inc.
China Wind Systems, through its affiliates, Huayang Dye Machine and
Huayang Electrical Power Equipment, manufactures and sells industrial
equipment for use in the textile and energy related industries in
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: croc ker.coulson@ccgir.com
Web: http://www.ccgir.com
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