Chip Cutter and David K. Randall, AP Business Writers
Stocks fall on Libya tensions, H-P earnings
Stocks drop as oil jumps to two-year high, traders remain concerned about protests in Libya
NEW YORK (AP) — Stocks are falling for a second day after oil prices hit two-year highs and computer giant Hewlett-Packard said its revenue growth is slowing.
Oil prices jumped 2.5 percent as clashes continued between Libyan leader Moammar Gadhafi's forces and anti-government protesters. Libya accounts for 2 percent of the world's daily oil output.
Hewlett-Packard sank 10 percent after announcing a disappointing revenue forecast for the rest of the year. It was the worst performing stock in the Dow Jones industrial average. Chevron Corp. rose the most in the Dow, and other oil stocks also rose.
The Dow is down 49 points, or 0.4 percent, to 12,163 in midday trading Wednesday.
The S&P 500 is down 5, or 0.4 percent, to 1,310. The Nasdaq composite is down 24, or 0.9 percent, to 2,731.
Yesterday's Top Performing Small Cap Stock:
Total Nutraceutical Solutions, Inc. TNUS
Total Nutraceutical Solutions, Inc. was a SmallCapVoice.com top performer closing up over 41% on trading volume of 25.2k shares.
Total Nutraceutical Solutions Presents Ergo-D2(TM) to the Institute of Food Technologists
STEVENSON, Wash., Feb. 22, 2011 (GLOBE NEWSWIRE) — Total Nutraceutical Solutions, Inc. (TNS) TNUS announced today that Marvin S. Hausman MD has been selected to present a paper at the Institute of Food Technologists (IFT) Annual Meeting. The presentation is entitled: “Ergo-D2™ – A Novel Health Food Ingredient with Potent Anti-oxidant/Anti-inflammatory Activity;” Authors: Marvin S. Hausman, MD, Robert B. Beelman, PhD, Department of Food Science, Pennsylvania State University, State College, PA, and Krishna Bhat, PhD, Department of Neuroscience, University of Texas, Galveston, TX.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels.
SmallCapVoice Clients' News
YesDTC Holdings, Inc. YESD
YesDTC to Distribute NutriFusion in Up to 300 Mannings Drug Stores in Asia
SAN FRANCISCO, Feb. 22, 2011 (GLOBE NEWSWIRE) — YesDTC Holdings, Inc. YESD, a direct-to-consumer marketer and global distributor of consumer goods and products today announced its Asian operating division, YesDTC Asia Ltd., has reached an agreement with Mannings Drugs in Hong Kong to distribute the NutriFusion nutraceutical supplement product in up to 300 stores. Earlier this year, YesDTC announced it will serve as the exclusive direct-to-consumer and retail distributor for this product throughout the world. Mannings is well known in Hong Kong as the highly popular health and beauty chain with the most extensive network of drug store locations, recognized as the “No.1 Most Preferred Brand” for seven consecutive years (2004-2010) in key market surveys.
Other Small Cap News
ATS Corporation (NYSE Amex: ATSC)
ATS Corporation Announces New Contract Award Totaling $22.7M for U.S. Architect of the Capitol
MCLEAN, Va., Feb. 22, 2011 /PRNewswire/ — ATS Corporation (“ATSC” or the “Company”) (NYSE Amex: ATSC), a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded a contract to provide comprehensive information technology services to the U.S. Architect of the Capitol (“AOC”) with a value of $22.7 million over five years. The Architect of the Capitol is an organization charged by Congress with operation of the U.S. Capitol Complex, including the Capitol building and the Capitol Visitors Center with over 2 million visitors annually.
Immersion Corporation IMMR
Alps Electric and Immersion Extend Licensing Agreement
Renewed agreement expands licensing terms to include new opportunities in the automotive markets
SAN JOSE, Calif.–(BUSINESS WIRE)– Immersion Corporation IMMR, the leading developer and licensor of haptics technology, today announced that Alps Electric Co., Ltd. (Alps Electric), a leading global components manufacturer, has extended and expanded its license to Immersion's TouchSense™ haptics technology.
GeoVax Labs, Inc. GOVX
GeoVax Announces Publication of Phase 1 Clinical Trial in The Journal of Infectious Diseases
Trial Results Establish Vaccine Safety and Immunogenicity
ATLANTA, Feb. 23, 2011 /PRNewswire/ — GeoVax Labs, Inc. (OTC Bulletin Board:GOVX) announced today the publication of the results of Phase 1 clinical trial testing of its HIV/AIDS vaccine products. The article, titled “Phase 1 Safety and Immunogenicity Testing of DNA and Recombinant Modified Vaccinia Ankara Vaccines Expressing HIV-1 Virus-like Particles,” will appear in the March 1 issue of The Journal of Infectious Diseases.
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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