FOX Translator
No data currently available.
No data currently available.
Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
Home / Markets / Industries / Finance
Friday, August 01, 2008
VSB Bancorp, Inc. Announces Its Listing on the Nasdaq Global Market
Comtex
STATEN ISLAND, NY, Aug 01, 2008 (MARKET WIRE via COMTEX) ----VSB Bancorp, Inc. (NASDAQ: VSBN) ("Company") announced that its common stock will begin to be listed on the Nasdaq Global Market on Monday August 4, 2008 under the Company's current stock symbol "VSBN". Previously, the Company's common stock was listed on the Nasdaq Capital Market.
The Company believes that listing on the Nasdaq Global Market may provide stockholders with a more efficient method of trading its common stock, higher visibility, and could potentially increase the liquidity of the Company's common stock.
Joseph J. LiBassi, Chairman of VSB Bancorp, Inc., stated, "We are pleased to announce that we are moving to the Nasdaq Global Market, which will give our stockholders benefits from listing on a worldwide exchange." Raffaele (Ralph) M. Branca, President & CEO of VSB Bancorp, Inc., stated, "By listing on the Nasdaq Global Market, we are heightening our profile with the investing community and providing our stockholders with more effective execution on their transactions."
VSB Bancorp, Inc. is the one-bank holding company for Victory State Bank. Victory State Bank, a Staten Island based commercial bank, commenced operations on November 17, 1997. The Bank's initial capitalization of $7.0 million was primarily raised in the Staten Island community. The Bancorp's total equity has increased to $21.6 million since the Bank was formed, primarily through the retention of earnings. The Bank operates five full service locations in Staten Island: the main office at 4142 Hylan Boulevard in Great Kills, and branches on Forest Avenue, Hyatt Street, Hylan Boulevard and on Bay Street.
FORWARD LOOKING STATEMENTS
This release contains forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to adverse changes in local, regional or national economic conditions, fluctuations in market interest rates, changes in laws or government regulations, changes in customer preferences, and changes in competition within our market area. When used in this release or in any other written or oral statements by the Company or its directors, officers or employees, words or phrases such as "will result in," "management expects that," "will continue," "is anticipated," "estimate," "projected," or similar expressions, and other terms used to describe future events, are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date of the statement. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. This statement is included for the express purpose of protecting the Company under the PSLRA's safe harbor provisions.
Contact Name: Ralph M. Branca President & CEO (718) 979-1100
SOURCE: VSB Bancorp
Copyright 2008 Market Wire, All rights reserved.
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
FOX Business Tools
Sponsored By
