Stephen Bernard, AP Business Writer
Stocks pare losses on modest rise in home sales
Unemployment claims and worries about Europe's economy keep US stock prices in check
NEW YORK (AP) — Stocks started lower Thursday on new signs of trouble in Europe's economy but trimmed their losses after slightly better news came out on home sales and leading indicators.
Market indexes were mixed in late morning trading after a gauge of future economic activity rose modestly and home sales climbed from 15-year lows in August. Stocks had fallen sharply at the opening after claims for unemployment benefits jumped unexpectedly last week and new signs emerged of a slowdown in Europe.
The Dow Jones industrial average fell 15 points in late morning trading after being down as much as 94 shortly after the opening bell. Investors hoping to avoid risk continued to pile into Treasurys, sending interest rates lower.
The Conference Board, a private research group, said its index of leading economic indicators increased more than expected in August. The gauge is designed to predict future growth, so a jump in the index means the economy will likely continue to expand in the coming months.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Company Sales Up 10% for August
Sep. 23, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that unit sales for August 2010 were up 10%, versus August, 2009.
“We are experiencing positive sales trends in all of our sales channels. This is especially encouraging as we head into the ever important upcoming holiday season, where up to 60% of our annual sales will occur,” said Don Merrill, President & CEO.
The Company had previously reported sales increases for nine months in a row in July; and August would be the tenth consecutive month of sales increase.
SmallCapVoice Clients' News
Car Charging Group, Inc. CCGI
Car Charging Group President Featured on CNN's “The Big Idea”
Andy Kinard Explains Car Charging Technology
MIAMI BEACH, Fla., Sept. 22, 2010 (GLOBE NEWSWIRE) — Car Charging Group Inc., CCGI, an owner and provider of electric vehicle (EV) charging stations, was featured on CNN's “The Big Idea” segment today where President Andy Kinard discussed electric vehicle charging stations and demonstrated how the technology works.
The broadcast segment, titled “Charging Up Your Car,” was hosted by CNN's correspondent Don Lemon who spoke to Kinard about public charging stations and the convenience of the locations of the charging unit. During the segment, Kinard demonstrated to Lemon how to use the Coulomb ChargePoint station and what applications to use to locate the Coulomb chargers. In addition, Kinard discussed the difference between a 110v and 220v charging station.
Suffer (Pink Sheets: ENTK)
SUFFER Apparel Announces a Collaboration With Frank Mir and Pop Evil
LAS VEGAS, Sept. 22, 2010 (GLOBE NEWSWIRE) — SUFFER (Pink Sheets:ENTK) today announced that company Director Frank Mir was contacted by reps at Universal Republic about being featured in a Music Video featuring Frank training for his fight against Mirko Cro Cop.
Filming of the video occurred at the SUFFER Training Center last week and the video itself has just been put out.
Other Small Cap News
Vision-Sciences, Inc. VSCI
Vision Sciences signs 3-year supply deal with Stryker
To get prepayment of $5 mln for urology products
Sept 22 (Reuters) – Endoscopy device-maker Vision Sciences Inc (VSCI) said it has signed an exclusive three-year agreement to supply its urology products to Stryker Corp (SYK), sending the smaller device maker's shares to a new 52-week high.
Under the terms of the deal, Stryker will pay Vision Sciences a prepayment of $5 million, of which $2.5 million is due at signing and $2.5 million will be due on or before March 31, 2011.
Generex Biotechnology Corporation GNBT
Generex Presents Abstract at EASD Annual Meeting
WORCESTER, Mass., Sept. 22 /PRNewswire/ — Generex Biotechnology Corporation GNBT (www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, today announced that it is presenting study results at the 46th Annual Meeting of the European Association for the Study of Diabetes (EASD, www.easd.org) being held in Stockholm, Sweden, 20 – 24 September, 2010 (www.easd2010.com).
ECOtality, Inc. ECTY
ECOtality Reveals EV Infrastructure Plan for Western Oregon
More Than 1,000 Blink Charging Stations Will Charge up Electric Vehicles in Portland and Other Key Metropolitan Areas
PORTLAND, Ore.–(BUSINESS WIRE)–ECOtality, Inc. ECTY, a leader in clean electric transportation and storage technologies, today unveiled its Blink electric vehicle charging station, as well as blueprints for electric vehicle (EV) infrastructure deployment in four major metropolitan areas in Northwestern Oregon: Portland, Salem, Corvallis and Eugene. The announcement marks the completion of a critical milestone in the planning process for The EV Project, the largest rollout of EV infrastructure in the world. As part of the project, ECOtality will install more than 1,100 publicly available chargers throughout the region.
Force Protection, Inc. FRPT
Force Protection Europe Selected as Preferred Bidder for U.K. Light Protected Patrol Vehicle
Initial Ocelot Vehicles Expected to be Delivered for Training in 2011
LADSON, S.C.–(BUSINESS WIRE)–Force Protection Europe Ltd (FPE) an indirectly wholly owned subsidiary of Force Protection, Inc. FRPT, a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has been selected by the United Kingdom (U.K.) Ministry of Defence (MoD) as the preferred bidder in the Light Protected Patrol Vehicle (LPPV) program. The initial Ocelot vehicles are expected to be available for the training of U.K. forces in 2011. Formal contract negotiations (including final determination of vehicle quantities and price) between FPE and the U.K. MoD will begin shortly.
Cerus Corporation CERS
Cerus Awarded $1.4 Million to Advance Development of Pathogen Inactivation for Red Blood Cells
CONCORD, Calif.–(BUSINESS WIRE)–Cerus Corporation CERS announced today that it has received an additional $1.4 million from the U.S. Department of Defense to support advanced development of the company's pathogen inactivation technology for red blood cells. The INTERCEPT red blood cell system is a pathogen inactivation product Cerus is developing to prevent the transmission of infectious diseases through red blood cell transfusions.
New Generation Biofuels Holdings, Inc. NGBF
New Generation Biofuels Holdings Announces Capital Raise of $0.5 Million in Registered Direct Offering
COLUMBIA, Md., Sept. 23 /PRNewswire-FirstCall/ — Renewable fuels provider New Generation Biofuels Holdings, Inc. NGBF (“NGBF” or the “Company”) announced today that it has entered into a definitive agreement with several institutional investors for a registered direct offering of 3,557,692 shares of previously unissued common stock at a price of $0.13 per share with total gross proceeds of $462,500. In addition to the issuance of common shares, New Generation will issue to the investors warrants exercisable for three common shares for every four common shares purchased with an exercise price of $0.15 per share.
Rosetta Genomics, Ltd. ROSG
Heidelberg University Researchers Present Data on miRview mets Assay at Neuroweek Conference
Data Demonstrate that miRview™ mets is a Powerful Tool to Guide Diagnosis of Metastatic Cancer Cases
REHOVOT, Israel–(BUSINESS WIRE)–Rosetta Genomics, Ltd. ROSG, a leading developer and provider of microRNA-based molecular diagnostics, announces that the results of a two-phased, post-marketing validation study using the Company's miRview™ mets assay have been presented at the “Neuroweek” conference in Mannheim, Germany by lead investigator, Dr. Wolf C. Mueller from the Department of Neuropathology at Heidelberg University in Germany, “Neuroweek” is a joint meeting of German medical societies focused on neurology-related disease management and research.
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