4-16-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks dip on weak Google earnings and a mixed housing construction report
Stocks are retreating in early trading after Google’s profit failed to impress investors and a new housing report continues to show the struggles in that sector.
Concerns about rising costs at Google more than outweighed stronger-than-expected earnings from General Electric and Bank of America. Both GE and Bank of America say the economy is improving and loan losses are moderating.
The Commerce Department says housing construction rose to a 16-month high in March. However, construction fell for single-family homes, the most important segment of the market.
In early trading Friday, the Dow Jones industrial average is down 21.46, or 0.2 percent at 11,123.11. The Standard & Poor’s 500 index is down 3.26, or 0.3 percent, at 1,208.41, while the Nasdaq composite index is down 10.39, or 0.4 percent, at 2,505.30.
Yesterday’s Top Performing Small Cap Stock:
GWS Technologies, Inc. (OTCBB: GWSC)
GWS Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 11% on trading volume of 386,864 shares.
The GWS Technologies, Inc. website has been redesigned for improved navigation and features key upgrades which allow businesses and individual consumers to calculate their carbon footprint, access information about prime solar and wind resources (including information about local, state and federal rebates and incentives for using wind and solar power) and purchase LEED-certified products to comply with the latest “green” building codes.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company recently announced that March 2010 unit sales jumped 27%, versus March, 2009.
“Coming on the heels of a 10% gain for January and February, I am very pleased with a 27% gain for March,” said Don Merrill, President & CEO. “We also logged about a 50% increase in revenues, which were helped by sales from our two new Gourmet Cafés.”
Other Small Cap News
U.S. Geothermal Inc. (NYSE Amex: HTM)
U.S. Geothermal Awarded Large Advanced Steam Concession in Guatemala: Enters International Market With High Quality Resource Next to Largest City in Central America
U.S. Geothermal Inc. (TSX:GTH)(AMEX:HTM), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that its subsidiary, U.S. Geothermal Guatemala S.A. (the “Company”), was recently awarded a geothermal energy rights concession in Guatemala. The concession area is located 14 miles (22.5 kilometres) southwest of Guatemala City, the capital of the Republic of Guatemala and the largest city in Central America and the Caribbean.
Nevada Gold & Casinos, Inc. (NYSE Amex: UWN)
Nevada Gold Announces Agreement to Purchase Seven Mini-Casinos in Washington
HOUSTON, April 15, 2010 (GLOBE NEWSWIRE) — Nevada Gold & Casinos, Inc. (NYSE Amex:UWN) announced today that the Company has signed an agreement to purchase seven mini-casinos in Washington state. The details of the transaction will be disclosed upon the filing of documents seeking court approval for the sale.
Akorn Inc. (Nasdaq: AKRX)
FDA approves Akorn’s generic version of painkiller
LAKE FOREST, Ill. (AP) — Generic drugmaker Akorn Inc. said Thursday the Food and Drug Administration has approved its generic version of the painkiller Dilaudid-HP.
The Lake Forest, Ill., company plans to start shipping the drug next month.
Celsion Corporation (Nasdaq: CLSN)
Celsion Announces Long-Term Follow-Up Data From Phase 1 ThermoDox(R) Trial is Presented at the University of Hong Kong Press Conference
Primary Investigator Dr. Ronnie T.P. Poon states three patients survived at least 3 years after ThermoDox(R) treatment
COLUMBIA, Md., April 15 /PRNewswire-FirstCall/ — Celsion Corporation (Nasdaq:CLSN) today announced that Dr. Ronnie T.P. Poon, a principal investigator of the Phase I ThermoDox(R) dose escalation trial, held a press conference at the University of Hong Kong to provide an update on the long-term follow-up data from patients treated at his center as well as present illustrative patient case studies. The Phase I trial was conducted in 2006. A presentation of the press conference is available on Celsion’s website at www.celsion.com/events.cfm.
Power-One, Inc. (Nasdaq: PWER)
Power-One, Inc. Announces Its Digital Power Technology Patent License Agreement With Emerson, Artesyn Technologies, Inc., and Astec America Inc. and Dismissal of Legal Proceedings
CAMARILLO, Calif., April 15, 2010 (GLOBE NEWSWIRE) — Power-One, Inc. (Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, and Emerson, a global leader in power, announced today that they, and Emerson’s wholly owned subsidiaries Artesyn Technologies, Inc. and Astec America Inc., have entered into a non-exclusive, worldwide, Field of Use agreement for certain of Power-One’s digital power technology (“DPT”) patents. The parties further agreed to jointly dismiss with prejudice all pending lawsuits.
Idenix Pharmaceuticals, Inc. (Nasdaq: IDIX)
Idenix Pharmaceuticals Reports Favorable Pharmacokinetic Data for IDX320, a Potent, Multi-Genotypic Protease Inhibitor for the Treatment of Hepatitis C
CAMBRIDGE, Mass., April 16 /PRNewswire-FirstCall/ — Idenix Pharmaceuticals, Inc. (Nasdaq:IDIX), a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases, today reported promising in vitro data for IDX320, an HCV protease inhibitor, demonstrating potent and selective antiviral activity in multiple genotypes, or strains, of the virus. The favorable pharmacokinetic profile defined in preclinical studies was confirmed by interim Phase I clinical data in healthy volunteers. Additional data presented demonstrated that a combination of three Idenix drug candidates, including IDX320, with different mechanisms of action produced strong synergy in vitro. These data support the evaluation of direct-acting antiviral (DAA) combination regimens for the treatment of HCV.
US Gold Corporation (NYSE Amex: UXG)
US Gold Announces Positive Preliminary Economic Assessment for Gold Bar Project, Nevada
Projected Annual Gold Production 57,000 oz, Estimated Initial CAPEX $38.2MM
US Gold Corporation (NYSE Amex: UXG) is pleased to announce results of a Preliminary Economic Assessment (“PEA”) for its 100% owned Gold Bar Project in Nevada. Results demonstrate favourable economic returns at the current gold prices.
Safe Bulkers, Inc. (NYSE: SB)
Safe Bulkers, Inc. Announces Acquisition of Two Newbuild Kamsarmax-Class Drybulk Vessels
Safe Bulkers, Inc. (the “Company”) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has entered into shipbuilding contracts for the construction of two Chinese-built, drybulk Kamsarmax-class vessels of approximately 82,000 deadweight tons at contracted price of $32.2 million each, with expected delivery dates in the fourth quarter of 2011 and the first quarter of 2012.
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