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Corning Inc (NYSE:GLW) announced the official opening of a new state-of-the-art manufacturing and distribution facility for Corning Life Sciences in China's Yangtze River Delta. The grand opening ceremony was held just over a year after Corning's Board of Directors approved the approximately $40 million (USD) capital expenditure plan in July 2010.
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Regal Beloit Corporation (NYSE:RBC) announced the closing of the acquisition of the Electrical Products Company (EPC) from A.O. Smith Corporation (NYSE:AOS). The China portion of the EPC acquisition was closed into escrow pending customary administrative approvals in China which are expected shortly.
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This is Jake Berzon of Odesskiy Listok's take on Fortune Magazines Best Best Stocks for 2008.
Annaly (NLY) – This company used to be on my watch list. It is a rather volatile stock that is in the current at-risk business (Fannie Mae and Freddie Mac are private companies), whose stock appreciated while all of the financials depreciated – so it is bigger gamble than I am willing to take.