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GE, F, SKX, ORFG, AVOT - Stock Updates! from CRWEfinance.com

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General Electric Co. (NYSE:GE) and Comcast (Nasdaq:CMCSA) announced that they have received regulatory clearance from the Federal Communications Commission (FCC) and the Department of Justice for the joint venture that will consist of the NBC Universal businesses and Comcast’s cable networks, regional sports networks and certain digital properties. The joint venture will be 51 percent owned by Comcast, 49 percent owned by GE and managed by Comcast. The transaction is expected to be completed by the end of January.

General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment.

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orfg_logo203x87  Orofino Gold Corp. (ORFG.PK)

Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. ORFG has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. ORFG was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. ORFG was founded in 2005 and is based in Central, Hong Kong.

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San Carlos - Senderos de Oro Area:  Geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul.

The observed metallogenic zonation around Senderos de Oro evokes a very viable "hidden porphyry" exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent "fast-trackable" bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets.

GOLD:  A total of 165,000 tons of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 m³, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. It is known to all that the primary use of gold is associated to jewelry. About 78% of the gold consumed each year goes into the manufacturing of different jewelry products. Although primarily used as a store of value, gold has many modern industrial uses including dentistry and electronics. Gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.

To learn about ORFG visit:  http://www.orofinogold.com

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 American Video Teleconferencing Corp. (OTCPK:AVOT)

There are significant molybdenum resources around the world. The leading producers are United States, Canada, China, Chile, Mexico, Peru, Russia and Mongolia. . It is estimated that there are 12 million metric tons of molybdenum in the world. Other ore deposits may be discovered.

The generic term “Stainless Steel” covers a large group of iron-base alloys that contain chromium. The term “stainless” implies a resistance to staining or rusting in air. Stainless steels contain at least 10.5% chromium, which promotes formation of a thin, chromium-enriched surface oxide. Without this minimum amount of chromium, iron-base alloys or steels corrode in moist air, forming the familiar red rust. While chromium content determines whether or not a steel is "stainless," molybdenum improves the corrosion resistance of all stainless steels.

While chromium content determines whether or not a steel is "stainless," molybdenum improves the corrosion resistance of all stainless steels.

American Video Teleconferencing Corp.  recently announced that it has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. These claim blocks are approximately 3600 acres in total and are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q. They are accessible year round with infrastructure in the immediate vicinity. The claims adjoin a property that had one of the highest readings of Rare Earths in North America. Sampling in the 1950s gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. That property has remained dormant for over 50 years but the new owners plan an extensive exploration program this fall. AVOT, after a lengthy search and after careful due diligence, believes this is going to be one of the most active areas for Rare Earths exploration and our holdings are in the same geological setting as the 48% Rare Earths showing. Rare Earths are in huge demand especially in the United States as China is closing off its exports of these strategic metals to less than 5% of its production. AVOT will aggressively continue to search world wide for opportunities in Precious, Base and Rare Earths metal projects.

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Ford Motor Co. (NYSE:F) announced a further commitment to U.S. manufacturing with plans to build a new vehicle at its Kansas City Assembly Plant in Missouri after Ford Escape production moves to Ford's Louisville Assembly Plant and retooling of the Kansas City facility is complete. Ford will invest $400 million in the Kansas City plant to install a new body shop, new tooling and other upgrades. In addition, the company has committed to retain 3,750 full-time jobs at the plant – consistent with current employment levels. This includes the positions required to assemble the Ford F-150, which will continue to be built at the facility on a separate line.

Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector sells vehicles under Ford, Mercury, Lincoln, and Volvo brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America.

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Skechers USA Inc. (NYSE:SKX) announced that for every pair of BOBS alpagarta shoes sold, the Company will donate two pairs of BOBS shoes to children in need through the Soles4Souls shoe charity organization. "As a global leader in the footwear industry, we have the network and the resources to make a difference in the lives of millions of children through the BOBS program," said Michael Greenberg, president of SKECHERS.

Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. The company offers various products comprising casuals, such as boots, shoes, and sandals for men, and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals; relaxed fit for men; lightweight for men; sandals; and casual fusion under the Skechers USA brand name.

 

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