4-12-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks push above 11,000 again as Greek debt concerns ease
Stocks rose Monday after concerns about Greece’s debt problems eased further over the weekend. The Dow Jones industrial average climbed back above 11,000.
A loan agreement for Greece also allowed U.S. investors to prepare for a busy week of economic and corporate earnings reports.
Over the weekend, European leaders agreed to make loans available to Greece to help the country ease its debt burden. The 16 countries that use the euro agreed to provide 30 billion euros ($40.49 billion) in loans to Greece if the country asks for money. The International Monetary Fund would contribute another 10 billion euros ($13.5 billion) if needed.
Yesterday’s Top Performing Small Cap Stock:
CMG Holdings, Inc. (OTCBB: CMGO)
CMG Holdings, Inc. was a SmallCapVoice.com top performer yesterday closing up over 60% on trading volume of 128,333 shares.
CMG Holdings, Inc. www.cmgholdingsinc.com is a full service global marketing and communications holding company operating across sectors of talent management, event management and commercial rights.
Today’s SmallCapVoice.com Hot Stock to Watch:
Socialwise, Inc. (OTCBB: SCLW)
Professional Motocross Racer and Rally America Champion Driver Travis Pastrana Signs on With BillMyParents(R) Online Teen Payment Solutions
SAN DIEGO, April 12 /PRNewswire-FirstCall/ — BillMyParents(R), the online teen payment solutions division of Socialwise, Inc. (OTC Bulletin Board: SCLW), announced today that professional motocross racer and four-time Rally America champion has signed an endorsement deal with the Company’s online BillMyParents(R) payment solution. Pastrana is the latest high profile addition to the Company’s major marketing program launching late spring featuring numerous top action sports athletes and retail partners.
SmallCapVoice Clients’ News
Tootie Pie Company (OTCBB: TOOT)
AllPennyStocks.com News: Record U.S. Retail Sales Figures Bode Well for Quick Growing Micro-Cap
MISSISSAUGA, Ontario, April 9, 2010 — AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Record U.S. Retail Sales Figures Bode Well for Quick Growing Micro-Cap.” Companies mentioned in this article include Tootie Pie Company, Inc. (OTCBB:TOOT).
Other Small Cap News
Inhibitex, Inc. (Nasdaq: INHX)
Inhibitex Reports Results of Interim Analysis of Phase II Clinical Trial of FV-100
Trial Continues as Planned after Scheduled DSMB Safety Review and Interim Analysis
Inhibitex, Inc. (Nasdaq: INHX) today announced that the independent Data Safety Monitoring Board (DSMB) responsible for reviewing safety data from the Company’s ongoing Phase II clinical trial of FV-100 met, as scheduled, after the Company had provided it with 30-day follow-up data on the first half of the patients that the Company plans to enroll in the trial. In addition, an independent statistician conducted a prospectively described interim analysis on the primary endpoint, which is the reduction in a composite of the severity and duration of shingles-associated pain over the first thirty (30) days of follow-up.
Lions Gate Entertainment Corp. (NYSE: LGF)
Lionsgate Sends Letter to Shareholders
Strongly Recommends That Shareholders Vote FOR the Shareholder Rights Plan
SANTA MONICA, Calif., and VANCOUVER, April 12 /PRNewswire-FirstCall/ — Lionsgate (NYSE:LGF) (the “Company”) today announced that it is mailing a letter to the Company’s shareholders in connection with the Company’s Special Meeting of Shareholders, scheduled for May 4, 2010.
FuelCell Energy, Inc. (Nasdaq: FCEL)
California Public Utilities Commission Approves 5.6 MW Fuel Cell Energy Projects to be Sited at State Universities
FuelCell Energy, Inc. (Nasdaq:FCEL) a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government, and utility customers today announced that the California Public Utilities Commission (CPUC) has authorized Pacific Gas and Electric Company and Southern California Edison Company to undertake Fuel Cell Projects to install utility-owned fuel cells on several University of California and California State University campuses.
RXi Pharmaceuticals Corp. (Nasdaq: RXII)
RXi Pharma signs development deal with miRagen
RXi Pharmaceuticals signs drug development deal with miRagen Therapeutics
WORCESTER, Mass. (AP) — Biotechnology company RXi Pharmaceuticals Corp. said Monday it is collaborating with miRagen Therapeutics Inc. to develop potential treatments for heart and muscle diseases. Financial terms of the deal were not disclosed.
Star Bulk Carriers Corp. (Nasdaq: SBLK)
Star Bulk Signs Second Capesize Newbuilding Contract
ATHENS, GREECE–(Marketwire – 04/12/10) – Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (NASDAQ:SBLK), today announced that it has signed a contract with ship-builder Hanjin to build a second Capesize vessel of 180,000 deadweight tons, a sistership to the first vessel ordered, with expected delivery in November 2011.
Vasomedical, Inc. (OTCBB: VASO)
Vasomedical Announces FDA 510(k) Clearance on the First Combined ECG Holter and Ambulatory Blood Pressure Monitoring System
Vasomedical, Inc. (“Vasomedical”) (OTCBB: VASO), a leader in the non-invasive treatment and management of cardiovascular diseases, today announced the receipt of the US FDA 510(k) clearance on April 2, 2010 to market its Vasomedical-BIOX(TM) Model 2301 Combined ECG Holter and Ambulatory Blood Pressure Monitoring Recorder and Software Analysis System. Last year, the Vasomedical BIOX(TM) Model 1305 Holter Monitor and analysis software received FDA clearance.
Bronco Drilling Company, Inc. (Nasdaq: BRNC)
Bronco Drilling Company, Inc. Announces Monthly Operating Results
Bronco Drilling Company, Inc. (Nasdaq/GS:BRNC), announced today operational results for the month ended and as of March 31, 2010.
Utilization for the Company’s drilling fleet was 50% for the month of March compared to 45% for the month of February and 31% for the fourth quarter of 2009. The Company had an average of 37 marketed drilling rigs in March compared to 37 in February and 37 for the fourth quarter of 2009.
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