Stocks slide as Euro hits 4-year low on ongoing economic concerns
Stocks are lower in early trading even as investors remain cautious about the health of Europe’s economy.
Stocks are moving slightly lower Monday after the euro bounced off the four-year low it hit earlier in the day. Investors are grappling with whether severe budget cuts in countries such as Greece, Spain and Portugal will hinder a long-term economic recovery in Europe.
Mixed U.S. earnings reports have kept a lid on any big market gains.
The Dow Jones industrial average is down 34.31, or 0.32 percent, at 10,585.85. The Standard & Poor’s 500 index is down 2.47, or 0.22 percent, at 1,133.21, while the Nasdaq composite index is up 0.87, or 0.04 percent, at 2,347.72.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company TOOT
Tootie Pie Company was a SmallCapVoice.com top performer yesterday closing up over 16% on trading volume of 54,373 shares.
Tootie Pie Company recently announced that its pies will be carried at Six Flags theme park in San Antonio, TX.
“Six Flags is one of the most recognizable theme park brands in the US, and we are delighted they chose to serve Tootie Pie in their sit down dining venues,” said Don Merrill, President & CEO. “These high profile venues expose our pies to thousands of tourists. Six Flags is another example of how high profile customers help more customers become familiar with the Tootie Pie brand, in this case by showcasing our pies to a cross section of consumers willing to pay extra for quality.”
Today’s SmallCapVoice.com Hot Stock to Watch:
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA Muscle Flex(R) Releases Official BRAVADA Launch Party Video with Host Kim Kardashian, CEO Danny Alex, Kris Jenner and More as Part of its National BRAVADA(TM) Brand Development
May 17, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that it has released the Official BRAVADA Launch Party Video with Host Kim Kardashian, CEO of BRAVADA Danny Alex, Kris Jenner and more, as part of its national BRAVADA(TM) brand development and online promotional campaign heading into the opening of its flagship BRAVADA retail location.
Other Small Cap News
Kingtone Wirelessinfo Solution Holding Ltd KONE
Kingtone Wirelessinfo Solution Holding Ltd Announces Pricing of Public Offering of American Depositary Shares
XI’AN, China, May 14 /PRNewswire-Asia-FirstCall/ — Kingtone Wirelessinfo Solution Holding Ltd (“Kingtone” or the “Company”) KONE, a British Virgin Islands company and China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announces the pricing of its public offering of 4,000,000 American Depositary Shares (ADSs), representing 4,000,000 ordinary shares of the Company. The underwriters have a 30-day option to purchase up to an additional 600,000 ADSs from the Company solely to cover over-allotments, if any.
Merck & Company, Inc. MRK
Merck and Cardiome Announce Phase III Study Results Comparing Investigational Compound BRINAVESSTM (Vernakalant) Intravenous to Amiodarone Injection in Conversion of Atrial Fibrillation to Normal Sinus Rhythm
DENVER – (BUSINESS WIRE)–In a new Phase III study, BRINAVESS(TM) (vernakalant) intravenous, an investigational compound being developed in the European Union by Merck (known as MSD outside the USA and Canada) MRK and Cardiome Pharma Corp. CRME to treat atrial fibrillation, showed that BRINAVESS was superior to amiodarone injection, in converting patients’ heart rate from atrial fibrillation (AF) to sinus rhythm (SR) within 90 minutes of the start of administration. The results of the study were presented today during a late-breaking clinical trials session at Heart Rhythm 2010, the annual meeting of the Heart Rhythm Society.
Caliper Life Sciences Inc. CALP
Caliper Life Sciences gets $2.9M EPA testing award
Caliper says it received $2.9M from EPA to continue toxicity testing of chemical compounds
HOPKINTON, Mass. (AP) — Caliper Life Sciences Inc. said Friday it received $2.9 million from the Environmental Protection Agency for further testing of chemical compounds.
Caliper said it is participating in the EPA’s ToxCast screening program, which aims to find tests that can predict how toxic a chemical compound will be to humans and animals. The current phase will involve a wide variety of tests on 700 more compounds, Caliper said.
Homeowners Choice, Inc. HCII
Homeowners Choice Reports Profitable First Quarter and Anticipates Improved Profitability
“Given the high-rate reinsurance contracts covering the 2009 hurricane season, we are pleased to report another consecutive profitable quarter,” said Homeowners Choice Chief Executive Officer F.X. McCahill. “During the past year we worked hard to optimize our book of business in order to mitigate reinsurance costs, improve loss ratios and maximize profitability. As part of that process, we allowed our policy count to shrink over much of 2009, but then we added policies in December 2009 by participating in our seventh assumption from Citizens Property Insurance Corporation. As of March 31, 2010, the net policy count from this assumption after consumer opt outs was approximately 17,000 policies.
Tufco Technologies, Inc. TFCO
Tufco Technologies, Inc. Announces Fiscal Year 2010 Second Quarter and First Six Months Results
GREEN BAY, Wis., May 14, 2010 (GLOBE NEWSWIRE) — Tufco Technologies, Inc. TFCO, the largest contract converter of branded wet and dry wipes in North America and a leader in specialty printing services and business imaging products, today announced that fiscal year 2010 second quarter sales were $20,875,000, up 7% over fiscal year 2009 second quarter sales. For the first six months of fiscal 2010, sales were $40,917,000, compared to $42,641,000 for the first six months of fiscal 2009, a decrease of 4%.
Pansoft Company Limited PSOF
Pansoft to Acquire Beijing ITLamp Technology Co., Ltd.
JINAN, CHINA–(Marketwire – 05/17/10) – Pansoft Company Limited PSOF (“Pansoft” or the “Company”), a leading ERP software service provider for the oil and gas industry in China, today announced that it has signed an agreement on Friday, May 14, 2010 to acquire Beijing ITLamp Technology Co., Ltd (“ITLamp”).
Ness Technologies, Inc. NSTC
Ness Technologies Wins $4 Million Global Software Product Engineering Contract From Perform
Ness to Establish Lab in Slovakia to Collaborate on the Development of Perform’s Entertainment Platform
HACKENSACK, New Jersey, May 17, 2010 /PRNewswire-FirstCall/ — Ness Technologies, Inc. NSTC, a global provider of information technology solutions and services announced today that its Software Product Labs(SM) business unit has been selected by Perform, a world leader at broadcasting and commercializing sport in digital media, to extend its software product engineering capability. Over the three-year engagement, Perform will utilize Ness Software Product Labs’ global development center in Kosice, Slovakia. The Ness team will focus on core software platform development for video-on-demand, conditional access, and multi-media distribution and streaming.
Zion Oil & Gas, Inc. ZN
Zion Oil & Gas Reports First Quarter Results
DALLAS and CAESAREA, Israel, May 14, 2010 (GLOBE NEWSWIRE) — Zion Oil & Gas, Inc. ZN reported today its results for the quarter ended March 31, 2010. The company reported a net loss of $1,360,000 or $(0.07) per share for the first quarter of 2010 compared to a net loss of $916,000 or $(0.08) per share for the same quarter a year earlier. The company has no revenues as it is still an exploration stage company.
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