Stephen Bernard, AP Business Writer
Stocks waver as Ireland debt fears remain a focus
Stocks mixed as traders watch Ireland bailout talks; inflation remains tame
NEW YORK (AP) — Stocks wavered Wednesday as Ireland discusses a bailout with the European Union and Britain pledged support to help the struggling country.
The Dow Jones industrial average fell 2 points in morning trading, a day after the index posted its biggest loss since Aug. 11. A tame inflation report and another weak reading on the housing market did little to draw attention back to the domestic economy, which has taken a backseat to concerns about overseas economies.
Shares of homebuilders including D.R. Horton Inc. and PulteGroup Inc. fell about 1 percent following the disappointing housing report.
Stocks worldwide have been rattled in recent days as investors fear Ireland will become the latest European country to need a bailout. Greece was bailed out in May after it was unable to contain runaway spending. Ireland is now struggling after a collapse in its housing market forced the country to take over three large banks.
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 5% on trading volume of 13,100 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:
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Adds Its Body Active Jeggings (Stretch Active Jeans) to Its Expanding Mix of Women's Fashion Activewear
Nov. 17, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that it has added eleven (11) styles of Body Active Jeggings (Stretch Active Jeans) to its expanding mix of women's fashion activewear. BRAVADA's new Body Active Jeggings (jeans) are a high quality mix of various fabric blends which includes spandex providing “stretch” and free body motion. They look and feel exactly like “regular denim jeans;” however, the inherent stretch in the fabric gives women free movement and extreme comfort making them a perfect addition to BRAVADA's fashion activewear mix. BRAVADA expects to add additional styles to expand its line of Body Active Jeggings. BRAVADA's Body Active Jeans / Jeggings come in sizes 1 through 15.
Other Small Cap News
IsoRay Inc. (NYSE Amex: ISR)
IsoRay, Inc. Announces First Quarter Fiscal Year 2011 Results
Rising Adoption and New Developments Expected to Stimulate Sales and Spur Growth
RICHLAND, Wash.–(BUSINESS WIRE)– IsoRay Inc. ISR the exclusive manufacturer of Cesium-131 used in internal radiation therapy (brachytherapy) for the treatment of lung, brain, colon, head and neck, ocular melanoma, and prostate cancer as well as cancers throughout the body due to its proprietary radioisotope technology, announced its financial results for the quarter ended September 30, 2010.
XFONE, Inc. (NYSE Amex: XFN)
XFONE Reports Strong Third Quarter Fiber Growth
LUBBOCK, Texas–(BUSINESS WIRE)– XFONE, Inc. (NYSE Amex and TASE: XFN) (“XFONE” or “the Company”) announces results for the three and nine months ended September 30, 2010. As a consequence of the Company's sale of its UK and Israeli Divisions, the results from those subsidiaries are reflected as discontinued operations for all periods presented.
Aoxing Pharmaceutical Co., Inc. (NYSE Amex: AXN)
Aoxing Pharmaceutical Company Announces First Quarter 2011 Financial and Operational Results
Mr. Zhenjiang Yue, Chairman and Chief Executive Officer of China Aoxing, commented, “Following the recent completion of the dedicated facility for the joint venture with Johnson Matthey and with full GMP certification expected by year-end and with the expected GMP re-certification of pill formulation production, we are poised for a very successful 2011. We continue to be pleased with our quarterly results, as our financial condition remains strong. We look forward to re-launching our recertified products, launching new products and begin manufacturing API for the China markets in the calendar year 2011.”
Argan, Inc. (NYSE Amex: AGX)
Gemma Renewable Power LLC Signs an EPC Contract for $51 million Wind Farm Project
ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE AMEX: AGX) announced that its wholly owned subsidiary Gemma Power Systems, through its wholly-owned subsidiary Gemma Renewable Power LLC, has a signed an approximately $51 million EPC contract with Bishop Hill Energy LLC, a wholly-owned subsidiary of Invenergy Wind North America LLC to design and build a 200 MW wind farm in Henry County, Illinois. The Bishop Hill wind farm is expected to consist of up to 134 General Electric wind turbines. Gemma Renewable Power will provide design and construction of roads, foundations, and electrical collection systems in addition to erecting towers, turbines, and blades. The project is anticipated to be completed in late 2011.
Energy Focus, Inc. EFOI
Energy Focus, Inc. Awarded $4.1 Million in Additional Lighting Retrofit Contracts
SOLON, Ohio, Nov. 16, 2010 (GLOBE NEWSWIRE) — Energy Focus, Inc. EFOI, a leader in providing energy efficient lighting solutions, today announced that it was recently awarded four additional lighting retrofit contracts totaling $4.1 million.
Myrexis, Inc. MYRX
Myrexis Presents Data on Cancer Metabolism Inhibitor at 22nd EORTC/NCI/AACR Symposium
SALT LAKE CITY, Nov. 17, 2010 (GLOBE NEWSWIRE) — Myrexis, Inc. MYRX, a biotechnology company focused on discovering, developing, and commercializing novel treatments for cancer, today presented two posters at the 22nd European Organisation for Research and Treatment of Cancer (EORTC), National Cancer Institute (NCI) and American Association for Cancer Research (AACR) Symposium on “Molecular Targets and Cancer Therapeutics,” in Berlin, Germany. The presentations further demonstrate best-in-class potential for the Company's cancer metabolism inhibitor, MPC-9528, which has previously been shown to cause profound and durable tumor regressions across multiple tumor types.
BioSante Pharmaceuticals Inc. BPAX
BioSante sells virus technology to Cold Genesys
BioSante Pharma sells virus technology to Cold Genesys for $95K, ownership stake
LINCOLNSHIRE, Ill. (AP) — BioSante Pharmaceuticals Inc. said Wednesday it sold rights to develop and commercialize its oncolytic virus technology to Cold Genesys Inc. for $95,000 and a nearly 20 percent ownership stake in that company.
BioSante, based in Lincolnshire, Ill., also can receive future milestone and royalty payments.
Media General MEG
Media General's Television Stations Generated $41.5 Million in 2010 Political Revenues
RICHMOND, Va., Nov. 17, 2010 /PRNewswire/ — Media General MEG announced today that its 18 broadcast television stations generated approximately $41.5 million in Political advertising revenues through November 2. Four Media General television stations generated about two-thirds of the total, including WFLA in Tampa, Fla.; WCMH in Columbus, Ohio; WSPA in Spartanburg, S.C.; and WJAR in Providence R.I. Additionally, a late surge in advocate group and party spending for two hotly contested Congressional races in the Virginia 5th and 9th Districts generated more revenues than anticipated for WSLS in Roanoke, Va., and WJHL in Johnson City, Tenn.
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