4-23-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks turn higher after new report shows sales of new homes rise, but Greece debt problem looms
A second straight upbeat home sales report is giving stocks a lift.
The Commerce Department says Friday that sales of new homes jumped 27 percent in March, a month after hitting record lows. Stocks got a boost a day earlier after a better-than-expected report on existing home sales.
Shares of homebuilders are climbing on the upbeat reports.
Stocks had been mixed earlier in the morning as investors tried to balance easing concerns about Greece’s debt problems with some mixed earnings reports.
The Dow Jones industrial average is up 28.57, or 0.3 percent, at 11,162.86. The Standard & Poor’s 500 index is up 2.47, or 0.2 percent, at 1,211.14, while the Nasdaq composite index is up 3.23, or 0.1 percent, at 2,522.30.
Yesterday’s Top Performing Small Cap Stock:
GWS Technologies, Inc. (OTCBB: GWSC)
GWS Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 5% on trading volume of 110,223 shares.
GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing renewable energy solutions, announced yesterday that it has begun vetting German technology partners for the development of alternative energy installations and facilities in Mexico and Central America.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company (OTCBB: TOOT)
Oklahoma! Loves Tootie Pie
Apr. 22, 2010 (Business Wire) – Tootie Pie Company, Inc. (OTCBB:TOOT) announced the completion of a very successful food show with Ben E Keith Foodservice in Oklahoma City, landing forty-three new restaurant customers across the state of Oklahoma.
“I have been to literally hundreds of these food shows in my career and I have never seen such a positive response,” said Randy Graybill, Director of Wholesale Foodservice & Grocery.
Other Small Cap News
PDF Solutions, Inc. (Nasdaq: PDFS)
PDF Solutions(R) Reports First Fiscal Quarter of 2010 Results
SAN JOSE, Calif., April 22, 2010 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq:PDFS) the leading provider of yield improvement technologies and services for the integrated circuit (IC) manufacturing process life cycle, today announced financial results for its first fiscal quarter ended March 31, 2010.
Crosshair Exploration & Mining Corp. (NYSE Amex: CXZ)
Crosshair Intersects 0.28% Vanadium Over 43.0 Metres
VANCOUVER, BRITISH COLUMBIA–(Marketwire – 04/22/10) – Crosshair Exploration & Mining Corp. (TSX:CXX)(AMEX:CXZ) (“Crosshair”) is pleased to announce the last set of results from Phase I of the vanadium program on the Central Mineral Belt (CMB) Project in Labrador. Phase II is set to commence in July 2010 and will consist of sampling the holes that are stored at Crosshair’s Armstrong camp in central Labrador.
Oncolytics Biotech Inc. (Nasdaq: ONCY)
Oncolytics Biotech(R) Inc. Completes Patient Enrollment in Phase I Portion of U.S. Phase I/II Recurrent Malignant Gliomas Clinical Trial
CALGARY, April 23 /PRNewswire-FirstCall/ – Oncolytics Biotech Inc. (“Oncolytics”) (TSX:ONC, NASDAQ:ONCY) announced today that it has completed Phase I patient enrollment in its Phase I/II clinical trial to investigate the use of REOLYSIN(R) for patients with recurrent malignant gliomas (REO 007). The principal investigator is Dr. James Markert, Division Director of Neurosurgery, and Professor, Neurosurgery and Physiology, the University of Alabama at Birmingham.
Energy Conversion Devices, Inc. (Nasdaq: ENER)
United Solar Ovonic and ContourGlobal to Co-Develop Rooftop Solar Installations for Coca-Cola Hellenic Buildings in Italy
Initial 3.4MW Installation at Four Coca-Cola Hellenic Facilities in Italy to be Completed in 2010
Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), through its wholly owned subsidiary United Solar Ovonic, and ContourGlobal today announced plans to co-develop rooftop solar systems for buildings in Italy owned and operated by Coca-Cola Hellenic Bottling Company S.A. (CCH). Under the arrangement, ContourGlobal will own and operate the systems, which will be built by ECD using its UNI-SOLAR(R) brand photovoltaic laminates with development resources provided through ECD subsidiary Solar Integrated Technologies.
Level 3 Communications, Inc. (Nasdaq: LVLT)
Level 3 Expands Operations in Gulf Coast Region
Level 3 Committed to Increasing Presence in Alabama, Louisiana and Mississippi
NEW ORLEANS–(BUSINESS WIRE)–Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has expanded its operations and is enhancing its local presence in the Gulf Coast area, which includes New Orleans; Baton Rouge, La.; Jackson, Miss.; and Mobile, Ala. This initiative reflects Level 3’s continuing commitment to enhancing its presence in local markets throughout the country, with the goal of providing mid-market enterprises with a world-class customer experience.
Lionbridge (Nasdaq: LIOX)
Lionbridge and IBM Announce Partnership to Accelerate Development and Commercialization of Real-Time Translation Automation
WALTHAM, Mass. and ARMONK, N.Y., April 22 /PRNewswire-FirstCall/ –Lionbridge (Nasdaq:LIOX) and IBM (NYSE:IBM) today announced a partnership agreement to accelerate development and commercialization of automated translation technology by leveraging innovative statistical algorithms that instantly translate content and communications such as Web pages, documents, customer support, user generated content, instant messages, blogs and e-mail, so people can communicate in their native languages.
NeoStem, Inc. (NYSE Amex: NBS)
NeoStem, Inc. and ImmuneRegen BioSciences(R) Announce a Collaborative Agreement to Advance Stem Cell Technology
NeoStem, Inc. (“NeoStem”) (NYSE Amex: NBS), announced today that they have entered into a Collaborative Research Agreement, focused on the development of an advanced, adult human stem cell product. Under the agreement, NeoStem will investigate the effects of Homspera(R), ImmuneRegen’s lead drug candidate, which has been shown to enhance stem cell activity, in combination with NeoStem’s VSEL(TM) technology. Very small embryonic-like stem cells are a population of stem cells found in the bone marrow that can be mobilized and subsequently harvested from the peripheral blood of adults.
Misonix, Inc. (Nasdaq: MSON)
Misonix Announces New Distribution Agreement for Poland
Misonix, Inc. (Nasdaq:MSON), a developer of minimally invasive ultrasonic medical device technology, which in Europe is used for the ablation of tumors and worldwide for other acute health conditions, has entered into a new, geographically expanded, three year, exclusive distribution agreement with North Med, based near Prague in the Czech Republic, for the distribution of the SonaStar(TM) Ultrasonic Surgical Aspirator, the BoneScalpel(TM) Ultrasonic Bone Cutter, and the SonicOne(R) Ultrasonic Wound Debrider. The agreement adds Poland to their previous sales and distribution responsibilities for the Czech and Slovak Republics, and includes minimum purchase requirements.
Novavax, Inc. (Nasdaq: NVAX)
NOVAVAX Notified by Department of Health and Human Services that its Proposal for a Contract Award is in the Competitive Range for the Advanced Development of its Recombinant Influenza Vaccine
Novavax, Inc. (Nasdaq:NVAX) announced today that the Department of Health and Human Services (HHS), Biomedical Advanced Research and Development Authority (BARDA), has determined the Company’s proposal to provide recombinant influenza vaccine products and manufacturing capabilities for pandemic preparedness is in the competitive range for award of an advanced development contract. Novavax submitted its proposal in September 2009 in response to Solicitation No. HHS-BARDA-09-32 for development of a new influenza vaccine in a U.S. based manufacturing facility.
Verenium Corporation (Nasdaq: VRNM)
Verenium Awarded U.S. Department of Energy Funding for Demonstration-Scale Facility
Provides additional support for process optimization
Verenium Corporation (Nasdaq:VRNM), a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, today announced that it has been awarded an additional $4.9 million from the U.S. Department of Energy (DOE) to fund ongoing activities at its demonstration-scale facility in Jennings, Louisiana. This cooperative agreement is an extension of the grant previously awarded to the Company in July of 2008 under a DOE program supporting the development of demonstration-scale cellulosic ethanol biorefinery plants.
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