Chuck Mikolajczak, Reuters
Wall Street drifts lower on home price and consumer data
NEW YORK (Reuters) – U.S. stocks were little changed on Tuesday as investors were reluctant to take large positions in either direction and largely shrugged off weaker-than-expected data on consumer confidence and home prices.
The S&P/Case-Shiller 20-city index showed prices of U.S. single-family homes fell almost double the expected pace in October. U.S. consumer confidence unexpectedly deteriorated month over month in December, hurt by increasing worries about the jobs market, according to a private report.
"Everybody has done what they need to do. The money that has been put in place has been put in place until the end of the year — in spite of the fact we may get some modestly surprising data," said Peter Kenny, managing director at Knight Equity Markets in Jersey City, New Jersey.
Yesterday's Top Performing Small Cap Stock:
Casey Container Corp. CSEY
Casey Container Corp. was a SmallCapVoice.com top performer closing up over 13% on trading volume of 59,123 shares.
Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing container products that meet clients' demands while addressing environmental issues concerning proliferation of plastic pollution. The Company offers its biodegradable plastic packaging solutions using the breakthrough science of the EcoPure® additive and technology.
Today's SmallCapVoice.com Hot Stock to Watch:
Madison Ave. Media, Inc. KHZM
Madison Ave. Media is an advanced digital media company that offers a differentiated and competitive array of marketing technologies and services to clients in multiple industries. Their technology and services bring advanced, highly productive marketing, communications and advertising solutions to clients. And their services address the complete digital media value chain, combining the best practices of traditional media support with the power of technology.
Other Small Cap News
Hill International, Inc. HIL
Hill International Selected as Project Manager for $600 Million Theme Park Development in Vietnam
MARLTON, N.J. and THANH DUC COMMUNE, Vietnam, Dec. 27, 2010 (GLOBE NEWSWIRE) — Hill International HIL, the global leader in managing construction risk, announced today that it has received a contract to provide project management services from Phu An Investment Construction and Infrastructure Development JSC in connection with the $600 million Happyland Theme Park and KT Entertainment City in Vietnam. The 40-month contract has an estimated value to Hill of approximately $16.9 million.
Magnum Hunter Resources (NYSE Amex: MHR)
Magnum Hunter Resources Announces Acquisition of $40 Million in Marcellus Shale Properties
HOUSTON, TX–(Marketwire – 12/27/10) – Magnum Hunter Resources Corporation MHR MHR ("Magnum Hunter" or the "Company") announced today that its wholly-owned subsidiary, Triad Hunter, LLC ("Triad Hunter"), has executed a definitive agreement to acquire oil and gas properties and leasehold mineral interests located in Wetzel and Lewis Counties, West Virginia (the "Marcellus Assets"). The Seller of the asset portfolio is PostRock Energy Corporation PSTR, based out of Oklahoma City, Oklahoma.
Repros Therapeutics Inc. RPRX
Vaginal Delivery of Repros'® Proellex® Bypasses First Pass Liver Effects and Achieves Greater Signals of Efficacy at Significantly Lower Exposure
Company plans to submit new IND to FDA pending vaginal irritation study
THE WOODLANDS, Texas–(BUSINESS WIRE)– Repros Therapeutics Inc.® RPRX today announced it has completed two animal model studies of the use of Proellex® in a vaginally administered formulation that demonstrated effects on progesterone sensitive tissues equivalent to the highest oral dose formerly in development by the Company. Most importantly, extrapolating the data from the exposure seen in animals to that seen in humans, administration of Proellex via the vaginal route may achieve maximum circulating concentrations that are approximately 2% of that exhibited in humans at the 50 mg dose and only 6.5% of the lowest oral dose, 12.5 mg, previously tested in humans.
Subaye, Inc. SBAY
Subaye, Inc. Launches Online 3D Mall
GUANGZHOU, China, Dec. 28, 2010 /PRNewswire-Asia/ — Subaye, Inc. SBAY ("Subaye" or the "Company"), a leading online business services provider in China engaged in enterprise cloud computing, video marketing and business to consumer (B2C) online solutions, today announced the launch of Subaye's online 3D mall. In February 2011, management expects to generate revenues from the online 3D mall customers, many of which are already selling products through the online 3D mall. Subaye is planning to charge a 3% transaction fee for all sales of products and services through its online 3D mall.
China TransInfo Technology Corp. CTFO
China TransInfo Announces RMB 6.2 Million Contract for Beijing Traffic-Information Service
Beijing, Dec. 28, 2010 /PRNewswire-Asia-FirstCall/ — China TransInfo Technology Corp. CTFO ("China TransInfo" or the "Company"), a leading provider of comprehensive, intelligent transportation solutions and traffic information services in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that the Group Company's subsidiary, Beijing Zhangcheng Science and Technology Co., Ltd. ("Beijing Zhangcheng"), has signed a contract with the Beijing Transportation Information Center to develop a commercial operation center (the "Commercial Operation Center") to provide dynamic traffic-information services to drivers in Beijing. The contract is valued at RMB 6.2 million (approximately $0.9 million) and will be classified within the Company's traffic information service business.
Sinovac Biotech Ltd. SVA
Sinovac Receives SFDA Approval to Commence Clinical Trials for Inactivated Enterovirus Type 71 Vaccine
BEIJING, Dec. 28, 2010 /PRNewswire-Asia/ — Sinovac Biotech Ltd. SVA, a leading provider of biopharmaceutical products in China, announced today that it received approval from the China State Food and Drug Administration (SFDA) to commence clinical trials for its proprietary inactivated EV71 vaccine against Hand, Foot and Mouth Disease (HFMD). According to the approval document, Sinovac is required to conduct each phase of the human clinical trials in accordance with SFDA requirements, to conduct studies to assess safety and immunogenicity in the phase I and II clinical trials, and to conduct efficacy study in the phase III clinical trial. Sinovac filed in late December 2009 with the SFDA the application to commence human clinical trials for its inactivated EV71 vaccine.
Santarus, Inc. SNTS
Santarus and Pharming Announce Submission of RHUCIN Biologics License Application to FDA
SAN DIEGO & LEIDEN, Netherlands–(BUSINESS WIRE)– Specialty biopharmaceutical company Santarus, Inc. SNTS and biotech company Pharming Group NV (NYSE Euronext: PHARM) today announced the submission of a Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) to obtain marketing approval for RHUCIN® (recombinant human C1 inhibitor) for the treatment of acute angioedema attacks in patients with Hereditary Angioedema (HAE).
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