Associated Press
Gain in services sector lifts stocks; Dow up 100
US stocks get a lift from services sector gains; Japanese rate cut lifts world markets
NEW YORK (AP) — Stocks rose Tuesday following news that activity expanded in the U.S. services sector last month.
World markets also rose after the central bank of Japan suprised investors by slashing interest rates to near zero. Japanese shares rose 1.5 percent, and European stocks also rose.
The Institute for Supply Management reported that the U.S. services industry grew slightly faster in September as demand from customers improved. It was the ninth straight month of expansion in services, which have been growing at a slower pace in the U.S. relative to the much smaller manufacturing sector.
In corporate news, Mexican broadcaster Grupo Televisa said it would invest $1.2 billion in Univision Communications, expanding a license deal between the Spanish-language media heavyweights. Televisa's U.S. shares rose 6 percent.
The Dow Jones industrial average is up 101.34 points, or 0.9 percent, to 10,852.61 in morning trading. Caterpillar Inc. and chemical maker DuPont posted the biggest gains in the Dow, and all but two of the average's 30 components were up.
Yesterday's Top Performing Small Cap Stock:
Gramercy Capital Corp GKK
Gramercy Capital Corp was a Small Cap top performer closing up over 28% on trading volume of 1,909,195 shares.
Gramercy Capital Corp. is a self-managed integrated commercial real estate finance and property investment company whose Gramercy Finance division focuses on the direct origination, acquisition and portfolio management of whole loans, subordinate interests in whole loans, mezzanine loans, preferred equity, commercial mortgage-backed securities and other real estate securities, and whose Gramercy Realty division targets commercial properties leased primarily to financial institutions and affiliated users throughout the United States. The Company is headquartered in New York City, and has regional investment and portfolio management offices in Jenkintown, Pennsylvania, Charlotte, North Carolina and St. Louis, Missouri.
Today's SmallCapVoice.com Hot Stock to Watch:
Suffer (Pink Sheets: ENTK)
SUFFER Begins Filing Process to Become Fully Reporting Bulletin Board Company
LAS VEGAS, Oct. 5, 2010 (GLOBE NEWSWIRE) — SUFFER Apparel (Pink Sheets:ENTK) today announced the company has begun the process to become a fully reporting Bulletin Board Company.
SUFFER President, Joseph Lewis today stated, “The Company is experiencing significant growth in clothing product sales and recognition as a celebrity athlete endorsed apparel manufacturer. That being said, with the anticipated revenues and profitability, it would be more beneficial to Shareholders and Investors to be able to see the growth and profitability by way of published reports. This will also enable the company to apply for a new trading symbol more in keeping with the ‘SUFFER' name.”
SmallCapVoice Clients' News
Concordis Group, Inc. (Pink Sheets: CNGI)
Veteran Captive Insurance Executive Joins Concordis Board of Directors
DESTIN, Fla. — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, today announced the appointment of Rick Stasi, a 30 year insurance veteran, to its Board of Directors.
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated “We are very fortunate to find someone with Rick's background to join our board. His experience in the captive insurance industry will provide valuable insight as we continue to move forward and grow the company.”
Other Small Cap News
Celsius Holdings, Inc. CELH
Celsius Engages Zenith International to Evaluate Strategic Options for Growth
BOCA RATON, FL–(Marketwire – 10/04/10) – Celsius Holdings, Inc. CELH announced today that it has engaged Zenith International to evaluate strategic options and avenues for growth. Zenith International is a top-tier strategy consulting firm specializing in the food and beverage industry, having worked with some of the biggest brand-owners in the sector. Zenith will focus on providing options that include increasing distribution, market expansion and strategic capital alternatives.
BioMedical Technology Solutions Holdings, Inc. BMTL
BioMedical Technology Solutions, Inc. and Distribution Partner, Henry Schein, Continue Nationwide Roll-Out of Demolizer(R) II in US HealthWorks Locations
ENGLEWOOD, CO — (Marketwire) — 10/05/10 — BioMedical Technology Solutions Holdings, Inc. BMTL, through its wholly-owned subsidiary, BioMedical Technology Solutions (“BMTS”) is pleased to announce that the next round of Demolizer® II units have been received by US HealthWorks for placement throughout its nationwide health centers. As part of a continuing initiative to provide its network with “green” alternatives that can reduce costs through cutting-edge technologies for biomedical waste disposal, US HealthWorks is continually expanding its placement of Demolizer® II units throughout the United States. US HealthWorks' research has proven that their biomedical waste disposal costs have been reduced by 70% at facilities using the Demolizer® II System.
Qualstar Corporation QBAK
N2Power and Craftec Sign Distribution Agreement
N2 Joins With Europe's Leading Power Supply Distributor
SIMI VALLEY, CA–(Marketwire – 10/04/10) – N2Power, a Qualstar Company (Qualstar® Corporation) QBAK, today announced that it has signed an agreement with Craftec to distribute N2Power's entire product line of XL-Series AC-DC and DC-DC power supplies throughout Europe. Craftec focuses exclusively on delivering state-of-the-art power technology solutions to OEMs (original equipment manufacturers) and integrators.
Intellicheck Mobilisa, Inc. (NYSE Amex: IDN)
Indiana National Guard Base Awards Contract to Intellicheck Mobilisa
PORT TOWNSEND, Wash.–(BUSINESS WIRE)– Intellicheck Mobilisa, Inc. (NYSE Amex: IDN), a global leader in access control and wireless security systems, received a contract from the US Army National Guard at Camp Atterbury to provide them with the Fugitive Finder access control equipment. The value of the contract is approximately $250,000 for equipment, software, installation, training and warranties. This is the first full deployment of the company's latest addition to the Defense ID system, Fugitive Finder.
ADA-ES, Inc. ADES
ADA-ES Signs $19 Million Contract with DOE to Scale up Clean Coal Technology
Solid-Sorbent-Based Carbon Capture Technology Is Being Developed to Reduce Carbon Emissions from Power Generating and Industrial Plants
LITTLETON, Colo.–(BUSINESS WIRE)– ADA-ES, Inc. ADES (“ADA”) today announced that it has signed a new contract with the Department of Energy (DOE) to continue development of clean coal technology to capture carbon dioxide from coal-fired power plants and industrial sources. ADA will be the prime contractor for the $19 million project that will be administered by DOE's National Energy Technology Laboratory (NETL) which is providing $15 million of the funding. ADA expects $4 million in co-funding and support to be provided by several major utility companies including Southern Company SO, Luminant and the Electric Power Research Institute (EPRI).
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