Stocks surged in early trading Thursday after China reassured investors it doesn’t plan to sell any of the European debt it holds.
Stocks surged Thursday after China reassured investors it doesn’t plan to sell any of the European debt it holds.
The Dow Jones industrial average rose about 150 points in morning trading, while Treasury prices tumbled as traders pumped money into stocks.
China’s confidence in Europe overshadowed disappointing reports about the U.S. economy. The Labor Department said initial claims for unemployment benefits fell last week, but not by as much as economists had forecast. A report on gross domestic product indicated that the U.S. economy did not grow as fast in the first quarter as previously thought.
Thursday’s gains came after the agency that manages China’s $2.5 trillion in foreign reserves denied a Financial Times report that China was considering cutting its exposure to European debt. Major indexes around the world also rose.
Yesterday’s Top Performing Small Cap Stock:
Tie Technologies, Inc. (Pink Sheets: TTCS)
TIE Technologies, Inc. was a SmallCapVoice.com top performer yesterday closing up over 63% on trading volume of 31,910 shares.
TIE Technologies and Geocomp Release OilDam(R) Product Specifications
Solution Aimed at Containment and Shore Protection; Ready for Immediate Deployment
NEW YORK, May 26, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), an information technology, security and telecommunications company, and Geocomp Corp., a global leader in geo-engineering, today jointly released the details of the OilDam(R) product designed to mitigate damage from the Gulf oil spill. OilDam(R) is a comprehensive solution which can be immediately deployed to provide a reliable means to keep the oil from reaching the shore, contain it and enable its removal.
Today’s SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Goes to the Plate with Mickey Mantle
May 27, 2010 (Business Wire) — Tootie Pie Company, Inc. TOOT announced that Mickey Mantle’s Steakhouse in Oklahoma City, Oklahoma will begin serving Tootie Pies.
“There are few things more American than baseball and apple pie and so we are delighted to have our Tootie Apple Pie, the best pie anywhere, served in the legendary Mickey Mantle Steakhouse; the namesake of one of baseball’s most historic figures,” said Don Merrill, President & CEO.
SmallCapVoice Clients’ News
BRAVADA International Ltd (Pink Sheets: MFLI)
Audrina Patridge and T Lopez to Attend the Exclusive Red Carpet BRAVADA Women’s Athletica Grand Opening Party on June 10 on Robertson Blvd, Los Angeles – Additional Celebrity Guests to be Announced Next Week
May 27, 2010 (Business Wire) — BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) revealed today some of the high caliber celebrity guests that will be attending the Red Carpet Grand Opening Party of the BRAVADA Women’s Athletica Los Angeles Robertson Blvd Retail location. The star of MTV’s, The Hills, Audrina Patridge (www.AudrinaPatridge.com) will be attending as one of BRAVADA’s featured and special guests. In addition, actress and Cash Money recording artist T Lopez (www.TlopezMusic.com) will also be attending, walking the red carpet and joining in the celebration for the BRAVADA Women’s Athletica Store Grand Opening extravaganza being held on June 10 at 322 Robertson Blvd in Los Angeles California. Next week, BRAVADA will provide additional celebrity guests on its exclusive invitation list.
Other Small Cap News
Level 3 Communications, Inc. LVLT
Level 3 and GlobeNet to Provide High-Speed IP Services Bundled with Sub-sea Capacity
New Multi-Service Relationship Enables Level 3 and GlobeNet to Meet Rising Bandwidth Demands in South America
BROOMFIELD, Colo.–(BUSINESS WIRE)–Level 3 Communications, Inc. LVLT today announced that the company has established a multi-service relationship with GlobeNet, an international provider of submarine cable transmission capacity, to enable Level 3 and GlobeNet to offer transport and high-speed Internet services to satisfy the growth in communications demand in South America.
Chemtura Corporation (Pink Sheets: CEMJQ)
Chemtura Corporation Announces Certain Brominated Flame Retardants on Sales Control
PHILADELPHIA–(BUSINESS WIRE)–Chemtura Corporation, debtor-in-possession (Pink Sheets: CEMJQ) (“Chemtura”), today announced that it will place Tetrabromobisphenol A (BA-59PR), Decabromodiphenyloxide (DE-83RR) and Decabromodiphenylethane (FiremasterR 2100R) on sales control while implementing 30-day maximum price validity on these product lines.
Quantum QTWW
Quantum Awarded Contract by Lockheed Martin to Supply Fuel Metering and Energy Storage Technology for Space Program
IRVINE, Calif., May 26 /PRNewswire-FirstCall/ — Quantum Fuel Systems Technologies Worldwide, Inc. QTWW, today announced that it has been awarded a contract for expanded support of Lockheed Martin’s Space Systems’ development of ISIS (Integrated Sensor is the Structure) airship powered by a Regenerative Fuel Cell (RFC). Quantum will supply critical hydrogen metering systems in conjunction with the hydrogen and oxygen storage systems that it is currently supplying to Lockheed Martin.
Federal Signal Corp. FSS
Sirit, a Federal Signal Technologies Company, Awarded Contract With Defense Logistics Agency
RFID labels and ribbons to be supplied for supply chain applications
IRVINE, Calif., May 26 /PRNewswire-FirstCall/ — Federal Signal Technologies company Sirit Corp. (“Sirit”), a global provider of radio frequency identification (“RFID”) technology, announced today that it has been awarded a contract with the Defense Logistics Agency (“DLA”) utilizing passive Class 1, Generation 2 RFID labels. The DLA is the U.S. Department of Defense’s combat logistics support agency. The maximum value of the contract is estimated at US$2.7 million covering one year with two additional one year options. Sirit has passed stringent testing requirements conducted by the DLA and has begun fulfilling orders under this contract.
Solarfun Power Holdings Co., Ltd. SOLF
Solarfun Reports First Quarter 2010 Results
Peter Xie, President of Solarfun, commented, “We are very pleased with our strong performance in the first quarter of 2010. Quarterly revenues for the first time in the Company’s history exceeded $200 million, and net income per diluted ADS on a non-GAAP basis reached US$0.40, a substantial increase of over 63.9% compared to the fourth quarter of 2009. The strong performance was attributable to our ability to take advantage of favorable industry demand while keeping a keen focus on cost control and risk management.
Force Protection, Inc. FRPT
Ocelot Down Selected for Australian Vehicle Competition
LADSON, S.C.–(BUSINESS WIRE)–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 its Ocelot light protected patrol vehicle has been down-selected by the Australian Government to compete in the Land 121 Phase 4 Project for the Protected Mobility Vehicle – Light (PMV-L) prototype. Ocelot was offered for the Land 121 competition through Force Protection’s subsidiary, Force Protection Europe, LTD.
Servidyne, Inc. SERV
Servidyne to Provide Demand Response Services for the Nation’s Largest Municipally-Owned Electric Utility
Demand Response is an integral part of CPS Energy’s plan to save 771 megawatts by the year 2020.
Servidyne, Inc. SERV, an energy efficiency and demand response company, today announced that it has secured an exclusive two-year demand response services contract with San Antonio, Texas-based CPS Energy, the largest municipally-owned electric utility in the United States.
CVD Equipment Corporation CVV
Graphene Laboratories Inc. and CVD Equipment Corporation Sign Exclusive Distribution Agreement for CVD Graphene Products
RONKONKOMA, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation CVV, announced today the signing of an exclusive Distribution Agreement with Graphene Laboratories, Inc. for Chemical Vapor Deposited (CVD) Graphene products. Under this Agreement CVD Equipment Corporation will manufacture CVD grown Graphene based materials and products and Graphene Laboratories, Inc. will market and sell them on a worldwide basis.
Capstone Turbine Corporation CPST
Capstone Turbine Corporation Names Makon Power Systems as Its Distributor in Nigeria
CHATSWORTH, Calif., May 26, 2010 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) CPST, the world’s leading clean technology manufacturer of microturbine energy systems, has named Makon Power Systems as its distributor in Nigeria.
BPZ Resources, Inc. BPZ
BPZ Energy Receives Approval to Change the First Date of Commercial Production
HOUSTON, May 26, 2010 (GLOBE NEWSWIRE) — BPZ Resources, Inc. BPZ announced today that Perupetro has agreed with the Company to accept November 30, 2010 as the new First Date of Commercial Production (FDCP) for Block Z-1 and its Corvina field in northwest Peru. Consequently, the Company will apply to the agency responsible for issuing gas flaring permits (DGH) for the required flaring permits on a well by well basis, as needed, for gas flaring associated with the continued testing of the Corvina and Albacora fields.
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