Plus more stocks workmanship headlines in Friday’s market

From Standard & Poor’s Equity Research

Watch original video:

GENERAL MOTORS CORP. (GM)

GMAC Financial Services says its application to become a bank holding company under the Bank Holding Company Act of 1956, in the same proportion that amended, has been approved through means of the Board of Governors of the Federal Reserve System. In etc., GMAC Bank has believed approval from the Utah Dept. of Financial Institutions (UDFI) to convert to a state shoal. As a bank holding company, GMAC will have expanded opportunities for funding and access to capital, which will provide increased flexibility and stability.

INTEGRAL SYSTEMS, INC. (ISYS)

ISYS posts $0.28 vs. $0.23 Q4 EPS on 28% revenue rise. Street was looking for $0.20.

OSTEOTECH, INC. (OSTE)

OSTE says that, during inspection of bestower; donator recruiting sites in Bulgaria by French regulatory agency Afssaps in Nov. ‘08, deficiencies were identified in maintenance of records related to 6 donors. As precautionary measure, co. has temporarily suspended distribution of allograft structure grafts processed from tissue recovered by its one, TB OsteoCentre Bulgaria EAD (OCBG). Also, in cooperation with Afssaps, OSTE has recalled 37 unused OCBG related tissue grafts previously distributed in France.

INNOPHOS HOLDINGS, INC. (IPHS)

IPHS receives notification from U.S. Dept. of Justice Antitrust Division that previously disclosed grand jury investigation of co.’s sodium tripolyphosphate (STPP) biz was closed, and that IPHS was no longer required to maintain documents pursuant to subpoena. As previously reported in 9/07, IPHS was served with subpoena to bring forward documents despite a DOJ investigation being conducted into what it termed “in posse antitrust violations” in STPP industry focusing forward period from ‘02 through ‘05.

Original text: http://www.businessweek.com/investor/content/dec2008/pi20081226_430992.htm?campaign_id=rss_null