Stephen Bernard, AP Business Writer
Stocks extend September rally ahead of Fed meeting
Stocks push September rally into fourth week as traders eye upcoming Fed meeting
NEW YORK (AP) — Stocks extended their September rally into a fourth week Monday as traders looked toward the Federal Reserve's meeting later in the week.
The Dow Jones industrial average rose 65 points in morning trading. Broader indexes also rose.
There is a growing expectation the Fed's rate-setting committee might relaunch programs to buy Treasurys and mortgage bonds in an effort to further stimulate the struggling economy. At the very least, it might hint at future plans to make such moves.
While many economic indicators have topped forecasts in recent weeks, propelling stocks higher, the economy is far from strong. If the Fed starts buying bonds again it could drive interest rates lower, enabling companies and consumers to get cheaper loans. The Fed had a similar bond-buying program in place earlier this year. Treasury prices were little changed Monday.
Yesterday's Top Performing Small Cap Stock:
Suffer (Pink Sheets: ENTK)
Suffer was a SmallCapVoice.com top performer closing up over 12% on trading volume of 5,000 shares.
SUFFER is an apparel design and manufacturer company. SUFFER specializes in the production of high end clothing for men and is in design phase for women.
SUFFER is starting out by catering to the MMA (Mixed Martial Arts) as this is the fastest growing sport/fanbase in the world. Suffer believes it has an edge in having one of the top 5 MMA athletes serving as a Director of the company.
Currently most sales are done online through its website, the company is however starting to expand its wholesale division to allow other websites and physical storefronts to sell its apparel.
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.
Other Small Cap News
Research Frontiers Incorporated REFR
Smart Glass Company Research Frontiers Raises $2.5 Million in New Capital for Expansion
WOODBURY, N.Y., Sept. 17, 2010 (GLOBE NEWSWIRE) — A group of accredited investors has invested $2.5 million in Research Frontiers Inc. REFR, the developer and licensor of patented SPD-Smart(TM) light-control film technology. The investors received 641,026 shares of Research Frontiers common stock at a price of $3.90 per share, which was the average market price of Research Frontiers stock on September 15, 2010, the day the transaction was priced. In addition, the investors in this stock offering received 128,205 five-year warrants to purchase Research Frontiers common stock at a price of $6.25 per share. These securities were sold pursuant to Research Frontiers' effective shelf-registration statement filed with the SEC.
Accuray Incorporated ARAY
Benefits of CyberKnife® Lung Radiosurgery Treatments Emphasized During Europe's Largest Congress in Radiation Oncology
Conference Presentations Highlight CyberKnife Motion Management Capabilities in Treatment of Lung Cancer
SUNNYVALE, Calif., Sept. 17 /PRNewswire/ — Accuray Incorporated ARAY, a global leader in the field of radiosurgery, announced today that for the first time in Europe the company showcased its latest offering, the CyberKnife VSI System, at ESTRO 29; the Annual Congress of the European Society for Therapeutic Radiology and Oncology in Barcelona, Spain. Also featured at this meeting were multiple presentations demonstrating this system's best-in-class motion management capabilities for lung cancer care.
Bitstream Inc. BITS
Bitstream Creates Special Committee to Select Financial Advisor
MARLBOROUGH, Mass.–(BUSINESS WIRE)–Bitstream Inc. BITS announced the creation by its Board of Directors of a Committee to select a financial advisor to advise the Company with respect to business opportunities and enhancing shareholder value. The Committee is comprised of three directors, namely, Jonathan H. Kagan (Chairman of the Committee), Amos Kaminski (who is also the Chairman of the Board of Directors) and Melvin L. Keating.
Spartan Motors, Inc. SPAR
Spartan Motors Sells Road Rescue Assets to a Subsidiary of Allied Specialty Vehicles for $8 Million
CHARLOTTE, Mich., Sept. 20 /PRNewswire-FirstCall/ — Spartan Motors, Inc. SPAR today announced the sale of the assets of its Road Rescue ambulance business for $8 million. The purchaser, a subsidiary of Allied Specialty Vehicles, Inc., received substantially all of Road Rescue's assets, including the trade names and intellectual property associated with the business. The transaction was effective today, Sept. 20, 2010.
Level 3 Communications, Inc. LVLT
IP5280 Adds Level 3 Local Voice and Voice Termination Services to Network
Level 3's Wholesale Voice Network, Coupled with IP5280's VoIP Applications, Adds Businesses Value and Quality
DENVER & BROOMFIELD, Colo.–(BUSINESS WIRE)–IP5280 Communications and Level 3 Communications, Inc. LVLT today announced that they have signed an agreement in which Level 3 will supply wholesale voice solutions, including Local Inbound and Voice Termination to IP5280's industry-leading line-up of VoIP and unified communication services. The agreement will enable IP5280 to offer the combined voice service to businesses nationwide.
Gulfstream International Group, Inc. (NYSE Amex: GIA)
Gulfstream International Group Receives $8.5 Million of Federal Subsidies for Essential Air Service Contracts for Routes to Cleveland
FT. LAUDERDALE, Fla.–(BUSINESS WIRE)–Gulfstream International Group, Inc. (“Gulfstream” or the “Company”) GIA announced today that it will receive $8.5 million in federal subsidies as part of the Essential Air Service Program for five routes for small communities around Cleveland, OH.
ZBB Energy Corporation (NYSE Amex: ZBB)
Gulfstream International Group Receives $8.5 Million of Federal Subsidies for Essential Air Service Contracts for Routes to Cleveland
FT. LAUDERDALE, Fla.–(BUSINESS WIRE)–Gulfstream International Group, Inc. (“Gulfstream” or the “Company”) GIA announced today that it will receive $8.5 million in federal subsidies as part of the Essential Air Service Program for five routes for small communities around Cleveland, OH.
ZBB Energy Corporation (NYSE Amex: ZBB)
ZBB Energy Awarded Contract to Supply UWM's New Energy Lab With Renewable Energy Technology
Company's Advanced Power and Storage Systems to Be Used in Multi-University Renewable Energy Research Effort
MILWAUKEE, WI–(Marketwire – 09/20/10) – ZBB Energy Corporation ZBB, a leading developer of intelligent, renewable energy power platforms, today announced it has been awarded a competitive bid contract from the University of Wisconsin – Milwaukee (UWM) to supply the energy lab at UWM's College of Engineering & Applied Science with ZBB's advanced energy power and storage solutions. ZBB's cutting-edge technology will be used by a multi-university team of researchers conducting renewable energy studies for the Wisconsin Energy Research Consortium (WERC).
Orthovita, Inc. VITA
Orthovita Announces Publication of 24-Month Data from Cortoss Clinical Pilot Studies in Vertebroplasty and Kyphoplasty
MALVERN, Pa.–(BUSINESS WIRE)–Orthovita, Inc. (NASDAQ: VITA), an orthobiologics and biosurgery company, is pleased to announce the publication of “Clinical Experience Using Cortoss for Treating Vertebral Compression Fractures with Vertebroplasty and Kyphoplasty” in the September 15, 2010 edition of Spine. The article presents the clinical data from two FDA-approved investigational device exemption (IDE) pilot studies sponsored by Orthovita. These multi-center, prospective trials assessed the feasibility and clinical outcomes of Cortoss™ Bone Augmentation Material using the two different vertebral augmentation techniques of vertebroplasty and kyphoplasty.
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