GVHR Gevity HR (MM)

Wall Street News Alerts' "stocks to watch" this morning are: Oncolin Therapeutics (OTCBB: OCOL), Pfizer Inc. (NYSE: PFE), Baidu Inc. (NASDAQ: BIDU) and Gevity (NASDAQ: GVHR).

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There is major breaking news coming from Oncolin Therapeutics (OTCBB: OCOL) and investors are going to watch this one closely. Yesterday after the markets closed, the company issued a press release announcing that it has reached a tentative agreement with Intertech Bio's founding scientist and consultants.

Intertech Bio has been a wholly owned subsidiary of the company that focused on the discovery, development and commercialization of novel selective anticancer therapies. The board has determined that due to the current economic conditions it is not able to meet the obligations of an early stage biotech company such as Intertech Bio.

This decision has led the company to successfully negotiate with scientists and consultants to accept approximately 75% of the outstanding stock of Intertech Bio in exchange for the assumption of certain liabilities and future obligations associated with the ongoing operations of Intertech Bio. Oncolin will retain an approximate 25% interest in Intertech Bio when finalized and will not be responsible for future expenses associated with Intertech Bio. This move will also allow Intertech Bio to be classified as a private entity and pursue grants and also traditional venture capital of which it has already identified several potential sources of capital. Oncolin will reserve the right to participate in future investments for Intertech Bio.

The stock closed yesterday at around One cents a share.

For an in-depth profile of Oncolin Therapeutics, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=OCOL_030409.

Pfizer Inc. (NYSE: PFE) up 1.3% on 101.6 million shares traded. Pfizer Inc, founded in 1849, is dedicated to better health and greater access to health care for people and their valued animals.

Baidu Inc. (NASDAQ: BIDU) up 2.6% on 3.1 million shares traded. Baidu.com, Inc. is one of the leading Chinese language Internet search providers.

Gevity (NASDAQ: GVHR) up 84.2% on 4.6 million shares traded. Gevity helps small businesses nationwide maximize performance through its world-class HR expertise and services -- including payroll, benefits, administrative processing, risk management, policies and procedures, new hire support, performance management, and employee development and retention.

Market Commentary:

The Commerce Department said orders for manufactured goods fell by 1.9 percent during the first month of the year. While this was better than the 3.5 percent drop economists had expected, it marked a record sixth straight month of declines.

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