Matthew Craft, AP Business Writer
Stocks slide after unemployment claims jump
Stocks drop in early trading after more people apply for unemployment benefits last week
NEW YORK (AP) — Stocks fell in early trading Wednesday after claims for unemployment benefits rose unexpectedly for the first time in three weeks.
The Labor Department said 412,000 people applied for unemployment benefits last week. Economists expected claims to fall.
Applications for benefits peaked at 659,000 during the recession and have dropped by roughly 6 percent in the past four months.
Ford Motor Co. fell 2 percent. The car maker announced that it was expanding its recall of its F-150 pickup truck because of a problem with their airbags. Ford's F-Series truck is the best-selling vehicle in the U.S.
Among companies reporting earnings, toy maker Hasbro Inc. said profits fell 71 percent. Those results fell short of analysts' estimates. Hasbro dropped 1 percent.
Yesterday's Top Performing Small Cap Stock:
Advanced Medical Isotope Corp. ADMD
Advanced Medical Isotope Corp.was a SmallCapVoice.com top performer closing up over 36% on trading volume of 6,200 shares.
Advanced Medical Isotope Corporation is a company engaged in the production and distribution of medical isotopes for advanced diagnostic and non-surgical therapeutic application. AMIC's goal is to empower physicians, medical researchers, and ultimately patients by providing them with essential medical isotopes that, until recently, have not been feasible or economical, in an effort to detect and cure human disease.
Today's SmallCapVoice.com Hot Stock to Watch:
Image Metrics, Inc. IMGX
Image Metrics' FACEWARE(TM) 3.0 Named ‘Best of Show' at GDC 2011
Silver Edge Award presented to Image Metrics by Computer Graphics World
Apr. 14, 2011 (Business Wire) — Image Metrics Inc. IMGX has been presented with a best of show award for its industry-leading facial animation software FACEWARE™ 3.0, at the Game Developers Conference 2011 (GDC) in San Francisco. Announced earlier last week by Computer Graphics World, the Silver Edge Award is for recipients whose products or services represent the best of the best at the industry's leading trade shows.
SmallCapVoice Clients' News
XZERES Wind Corporation XWND
In a New Audio Interview at SmallCapVoice.com, XZERES Wind Corporation's CEO, Frank Greco, Provides Details Regarding Recent News
AUSTIN, Texas, April 13, 2011 /PRNewswire/ — SmallCapVoice.com, Inc. announces today that a new audio interview with XZERES Wind Corporation (OTC BB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), is now available. The interview can be heard at http://smallcapvoice.com/blog/4-13-11-audio-interview-with-xzeres-wind-corp-otcbb-xwnd
Westmont Resources Corporation WMNS
Westmont Moves Toward Goal of Clean Energy Extraction
BELLEVUE, Wash., April 13, 2011 /PRNewswire/ — Westmont Resources, Inc. WMNS (“Westmont”), today announces it is closer to reaching its goal, through the introduction of Eco-Recovery4 (ER4), to dramatically reduce the adverse environmental impacts of competing conventional oil and gas extraction methods. This increases the potential for universal acceptance of ER4 as the preferred extraction alternative by operators, regulators, environmentalists and the public. Operators will also enjoy significant cost advantages as ER4 yields superior extraction results and negates the costs of environmental damage mitigation.
Mantra Venture Group, Ltd. MVTG
Mantra Enters Into Memorandum of Understanding to Launch Carbon Recycling Technology Into China
SEATTLE, April 13, 2011 (GLOBE NEWSWIRE) — Mantra Venture Group Ltd. (‘Mantra') MVTG (Frankfurt:5MV) (“Mantra” or the “Company”) is pleased to announce that the Company has entered into a Memorandum of Understanding (“MOU”) with Green Commerce Innovation Corporation of Richmond, BC (“GCIC”). The MOU facilitates the cultivation of business opportunities for Mantra in China from both an investment front, as well as a technology deployment front.
Other Small Cap News
American Wagering, Inc. BETM
William Hill Agrees to Acquire American Wagering, Inc. and Cal Neva Sportsbook Operations
LONDON, April 14, 2011 /PRNewswire/ — William Hill PLC WMH (William Hill) announced today that it has signed an agreement to acquire 100% of the equity interests of American Wagering, Inc. BETM (AWI) and to acquire the Club Cal Neva Satellite Race and Sportsbook Division (the Cal Neva Sportsbook Division).The total cost of the two acquisitions is approximately $39m.
ZST Digital Networks, Inc. ZSTN
ZST Digital Networks, Inc. Signs Jiyuan Commercial GPS Tracking and Services Contract
ZHENGZHOU, China, April 14, 2011 /PRNewswire-Asia-FirstCall/ — ZST Digital Networks, Inc. ZSTN (“ZST” or the “Company”), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced that it has signed an agreement with the Jiyuan Universal Taxi Leasing Company (“Jiyuan Universal”), a company located in Jiyuan City in Henan Province, to provide GPS tracking and monitoring products and services for Jiyuan Universal's fleet of over 1,300 taxis.
Airborne Maintenance & Engineering Services ATSG
Vision Airlines Selects AMES for B767 and B737 Maintenance, Emphasizing Cost Control and On-Time Performance
WILMINGTON, Ohio–(BUSINESS WIRE)– Airborne Maintenance & Engineering Services (AMES), a subsidiary of Air Transport Services Group, Inc. ATSG, announced additional contracts with Vision Airlines for support of Vision's Boeing 767 and Boeing 737 aircraft. The announcement comes in conjunction with the Aviation Week MRO Americas Exhibition in Miami, Fla.
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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