Business News Archive - May 01, 2007

Electro Energy Inc. (NASDAQ: EEEI) announced today that Torc Investments & Research LLC, a NYSE and NASD registered broker-dealer, initiated coverage of the Company today with a "Buy" Rating and 12-month Price Target of $1.50-$2.00.

Word of the Day
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'