Stocks are flat on the heels of bank overhaul agreement and lower GDP estimate
Stocks are little changed after lawmakers agreed on a financial regulation bill and the government lowered its estimate on how fast the economy grew in the first quarter.
The bill agreed to Friday would regulate banks’ ability to trade in derivatives, but the rules are less strict than some investors had feared. Derivatives are complex securities that companies use to guard against losses.
Relief over knowing what’s in the financial bill is being tempered by news that the economy grew at a slower pace in the first quarter than the government had estimated.
The Dow Jones industrial average is down 9 at 10,144. The Standard & Poor’s 500 index is up 1 at 1,074, while the Nasdaq composite index is up less than 1 at 2,217.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company TOOT
Tootie Pie Company, Inc. was a SmallCapVoice.com top performer closing up over 2% on trading volume of 21,750 shares.
Tootie Pie Company announced that sales for May 2010 were up 32%, versus May, 2009. Unit sales were up 10% for the same corresponding periods.
“We have experienced solid monthly increases for eight consecutive months. Mother’s Day kicks off our summer selling season and I am very pleased with the way sales are trending. Our sales team continues to do an outstanding job,” said Don Merrill, President & CEO, “and our cafés are emerging into models of success for our wholesale customers!”
Merrill added that he is seeing “true sales and marketing integration extending through all of our selling channels,” for the first time in the Company’s history.
“We are also seeing a good response from our corporate customers to our 4th of July campaign and if corporate sales were to kick in, then the 2010 holiday season will really be a winner!” Merrill explained.
“History tells us that sales generated during these warmer months will grow exponentially when the colder weather ushers in the holiday season,” added Merrill. “Right now, these results suggest that the 2010 holiday season will set new records for Tootie Pie Company.”
Today’s SmallCapVoice.com Hot Stock to Watch:
Sillenger Exploration Corp. SLGX
Sillenger Exploration Corp. Information to Be Available Through Standard & Poor’s Market Access Program
TORONTO — (Marketwire) — 06/24/10 — Sillenger Exploration Corp. (“Sillenger”) SLGX SLGX announced today that its company information will be made available via Standard & Poor’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor’s Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor’s Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.advisorinsight.com.
Other Small Cap News
NexMed, Inc. NEXMD
NexMed Announces First Patent Allowance for Vitaros® in Japan
SAN DIEGO–(BUSINESS WIRE)–NexMed, Inc. NEXMD, a specialty CRO with a pipeline of product candidates based on the NexACT® technology, today announced that the Japanese Patent Office has issued the Decision to Grant a Patent for NexMed’s patent application entitled, “Prostaglandin Compositions for the Treatment of Male Erectile Dysfunction.” This patent, when issued, will provide Japanese patent protection to September 2021 and is one in a series of patents and pending applications that NexMed owns on Vitaros® and the underlying NexACT technology.
China Cablecom Holdings, Ltd. CABL
China Cablecom Provides Update on Binzhou Assets
Company’s financing obligations to Binzhou are deferred as Shandong initiates its provincial consolidation of cable assets
SHANGHAI, June 24 /PRNewswire-FirstCall/ — China Cablecom Holdings, Ltd. (“China Cablecom” or the “Company”) CABL, a joint-venture provider of cable television services in the People’s Republic of China, today announced an initiative sponsored by the Shandong Party Committee to consolidate its provincial cable assets, a decree backed by the government and State Administration of Radio, Film and Television (SARFT).
U.S. Energy Corp. USEG
U.S. Energy Corp. Provides Update on Oil and Gas Drilling Initiatives
RIVERTON, Wyo., June 24, 2010 (GLOBE NEWSWIRE) — U.S. Energy Corp. USEG (“USE” or the “Company”), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today provided an update on its oil and gas drilling initiatives.
Converted Organics Inc. COIN
Converted Organics LC 1-1-1(TM) Organic Liquid Fertilizer Receives OMRI Listing
Liquid Fertilizer Produced in Woodbridge, NJ Plant Joins the Company’s Growing List of Products
BOSTON, June 24, 2010 (GLOBE NEWSWIRE) — Converted Organics Inc. COIN announced today that the Converted Organics LC 1-1-1(TM) all-natural, organic liquid fertilizer produced in the Company’s Woodbridge, NJ facility, has received Organic Materials Review Institute (OMRI) approval for use in certified organic production or food processing and handling in accordance with the USDA’s National Organic Program.
Century Casinos, Inc. CNTY
Century Casinos Exclusive Operator for Regent Seven Seas Cruises
COLORADO SPRINGS, Colo., June 24 /PRNewswire-FirstCall/ — Century Casinos, Inc. CNTY announced today that the company entered into an exclusive, long-term agreement with ultra-luxury cruise operator Regent Seven Seas Cruises.
Federal Signal Corp. FSS
Federal Signal Technologies’ PIPS Cameras Selected for License Plate Recognition in Thailand’s Electronic Vehicle Registration Project
IRVINE, Calif., June 24 /PRNewswire-FirstCall/ — Federal Signal Technologies’ group company PIPS Technology Limited (“PIPS”), a global provider of camera technology, announces that it has entered into a contract with Konlakorn Co. Limited of Bangkok to supply PIPS’ latest integrated ALPR camera technology for the Government of Thailand’s Electronic Vehicle Registration (EVR) Systems project.
Altair Nanotechnologies, Inc. ALTI
Altairnano Granted Patent for Nanotechnology Manufacturing Process
Manufacturing Process Expands Intellectual Property Protection for Battery Anode and Cathode Designs
RENO, NV–(Marketwire – 06/25/10) – Altair Nanotechnologies, Inc. (Altairnano) ALTI, announced it had been granted a U.S. patent for the “Method of Producing Mixed Metal Oxides and Metal Oxide Compounds.” This patent protects the unique nanotechnology manufacturing process for battery anodes and cathodes in lithium-ion batteries utilizing a wider range of metal oxides.
Jazz Pharmaceuticals, Inc. JAZZ
Jazz says FDA committee will review drug
Jazz Pharmaceuticals says FDA advisory committee will review potential fibromyalgia drug
PALO ALTO, (AP) — Jazz Pharmaceuticals Inc. said Thursday a Food and Drug Administration panel of experts will review the company’s potential fibromyalgia drug at a meeting on Aug. 20.
The Arthritis Advisory Committee and Drug Safety and Risk Management Advisory Committee will review JZP-6. The committees will make a recommendation, which the FDA will consider when deciding whether to approve the drug.
Omega Protein Corporation OME
Omega Protein Announces Shrimp Hull Processing Project in Mississippi
HOUSTON, June 24 /PRNewswire-FirstCall/ — Omega Protein Corporation OME, the nation’s leading producer of Omega-3 fish oil and specialty fish meal products, today announced that it will build and operate a shrimp hull processing facility at its Moss Point, Mississippi facility. The Company plans to install and operate shrimp hull processing equipment and then process shrimp hulls at its facility into high quality marine ingredients. The shrimp hull raw material will be provided for no cost by Mississippi shrimp processors who will be able to conveniently process those hulls at Omega Protein’s facility without fees, rather than pay disposal fees to third-party landfills.
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