Stephen Bernard, AP Business Writer
Stocks set to end September surge with more gains
Stocks jump on last day of quarter after upbeat reports on unemployment claims, GDP
NEW YORK (AP) — Stocks are ending a strong September with more gains Thursday after new reports on unemployment claims, economic growth and manufacturing topped expectations.
Major indexes have been surging all month on signs of incremental improvement in the economy, which have reduced worries the country will fall back into recession.
The Dow Jones industrial average rose nearly 80 points in morning trading. It has risen 9 percent this month, which puts it in line for its best September performance since 1939.
The Labor Department said Thursday that first-time claims for unemployment benefits fell more than economists had predicted last week. Applications are still at levels that indicate employers aren't necessarily ramping up hiring, but at least the pace of firings seems to be slowing.
Yesterday's Top Performing Small Cap Stock:
Diamond Ranch Foods, Ltd. DRFO
Diamond Ranch Foods, Ltd. was a SmallCapVoice.com top performer closing up over 19% on trading volume of 9,250 shares.
Diamond Ranch Foods is a highly strategic food group distributor and processor of a broad selection of the finest quality meats, poultry, seafood, and foodservice items, including private label and custom-cuts, which can be prepared fresh, frozen or vacuum-packed. The Company operates a fleet of refrigerated trucks for delivery throughout the New York metropolitan area and ships coast to coast via common carrier.
The Company's USDA-inspected facility is located in the Hunts Point Cooperative Market (Bronx, New York), which is the largest food distribution center in the world, and boasts a highly-diversified customer base throughout the tri-state region, including; supermarket chains, restaurants, hotels, deli/catering operators, institutions and industry suppliers.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Adds Another Upscale Grocer
Sep. 30, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that Tootie Pies are now carried in Crescent Market, an upscale grocer located in Oklahoma City, OK.
“A Gourmet Tootie Pie in a gourmet grocer is exactly the combination we are seeking. We are pleased to continue our expansion into upscale operations with the addition of Crescent Market, a recognized and valued gourmet grocer” said Don Merrill, President & CEO.
SmallCapVoice Clients' News
General Automotive Co. GNAU
A New Audio Interview Featuring, Dan Valladao, Chief Executive Officer and President at General Automotive, is Now at SmallCapVoice.com
Sep. 30, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview featuring Dan Valladao, Chief Executive Officer and President at General Automotive (OTC Bulletin Board: GNAU), is now available. The interview can be heard here http://smallcapvoice.com/blog/9-29-10-audio-interview-with-general-automotive-co-otcbb-gnau/.
Curaxis Pharmaceutical Corp. CURX
Curaxis Pharmaceutical Corp CEO Patrick S. Smith Comments on World Alzheimer's Report
DURHAM, N.C., Sept. 30, 2010 (GLOBE NEWSWIRE) — Patrick S. Smith, President and Chief Executive Officer of Curaxis Pharmaceutical Corp CURX, in prepared remarks today commented on the World Alzheimer's Report 2010 recently released by Alzheimer's Disease International, a worldwide umbrella organization of Alzheimer's associations.
“The Report brings home in very stark terms the scope of the crisis we face in dealing with the epidemic of Alzheimer's disease. The Report estimates current worldwide costs of dementia are over $600 billion, with an estimated 35 million people living with Alzheimer's, a number that is projected to increase to over 65 million by 2030. These are clearly alarming numbers and trends,” stated Mr. Smith.
Other Small Cap News
Digital Angel Corporation DIGA
Digital Angel Meets Growing Demand for Destron Fearing Products in Canada
Orders for Destron Fearing Electronic Identification Products up 30%
SO. ST. PAUL, Minn.–(BUSINESS WIRE)–Digital Angel Corporation DIGA, an advanced technology company in the field of animal identification and emergency identification solutions, announced today that it is experiencing higher demand for Destron Fearing electronic identification products in Canada as a result of recent animal health and traceability incentive programs and regulations.
Orders for Destron Fearing electronic identification tags and readers from Compass Animal Health Inc., the Company's exclusive Canadian partner, have increased by 30% year-over-year.
Level 3 Communications, Inc. LVLT
Level 3 to Provide Direct Internet Access and Colocation to VoiceOnyx
New Agreement Will Enable VoiceOnyx to Expand Service Capacity and Incorporate Disaster Recovery Solutions
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. LVLT today announced that it has signed an agreement with Business First Solutions, doing business as VoiceOnyx, a voice over Internet protocol (VoIP) business phone company based in Orlando, Fla., to provide direct Internet access (DIA) and colocation services.
Air T, Inc. AIRT
Air T, Inc. Announces Award of New Contract from the United States Air Force
MAIDEN, N.C., Sept. 29 /PRNewswire/ — Air T, Inc. AIRT announced today that its wholly owned subsidiary, Global Ground Support, LLC, has been awarded a contract to supply flight line tow tractors to the United States Air Force. Global is in receipt of the delivery order for the first pre-production unit which will be tested and evaluated before additional orders are placed. The contract award is for one year commencing September 28, 2010, with four additional one-year extension options that may be exercised by the United States Air Force. The value of the contract, as well as the number of units to be delivered, will be determined based upon annual requirements and available funding of the United States Air Force.
Video Display Corporation VIDE
Video Display Corporation Acquires Interest in Vision Technologies, Inc.
ATLANTA, Sept. 29, 2010 (GLOBE NEWSWIRE) — Video Display Corporation VIDE and Vision Technologies (VTI) today jointly announced the signing of a Preliminary Agreement outlining the terms and conditions in which Video Display Corporation is to acquire a substantial ownership position in Rogers, AR based Vision Technologies, Inc. Execution of the final Purchase and Sales Agreement is expected to be concluded within 90 days.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
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