Seth Sutel, AP Business Writer
Stocks trade flat despite big jump in job creation
Investors shrug off best jobs report in 5 months; 5-day stock rally loses steam
NEW YORK (AP) — The best jobs report in five months wasn't enough to energize the stock market early Friday. The Dow Jones industrial average barely budged as a five-day rally that brought the index to a pre-crisis high appeared to be petering out.
A poor profit report from Kraft Foods Inc. made the company the worst-performing member of the 30 stocks that make up the Dow average. The huge food company said net income fell more than 8 percent last quarter as it spent more to promote its brands. Microsoft Corp. and Travelers Cos. were also dragging down the Dow.
The Dow Jones industrial average slipped 4.16, or 0.04 percent, to 11,430.48 in morning trading, having been slightly higher shortly after the open.
The broader Standard & Poor's 500 index rose 2.63, or 0.2 percent, to 1,223.69, and the Nasdaq composite index edged down 0.11 to 2,577.23.
Today's SmallCapVoice.com Hot Stock to Watch:
Madison Ave. Media, Inc. KHZM
A New Audio Interview with Madison Avenue Media Chairman and Founder, Stephen Molinari, is Now at SmallCapVoice.com
Nov. 5, 2010 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Madison Ave. Media, Inc. KHZM is now available. The interview can be heard at http://smallcapvoice.com/blog/11-4-10-audio-interview-with-madison-ave-media-inc-otcbb-khzm.
Other Small Cap News
Threshold Pharmaceuticals, Inc. THLD
Threshold Pharmaceuticals Reports Third Quarter 2010 Financial and Operational Results
The net loss for the third quarter of 2010 was $5.9 million compared to $6.2 million for the third quarter of 2009. Research and development expenses were $4.8 million for the third quarter of 2010 compared to $4.0 million for the third quarter of 2009. The increase in research and development expenses primarily reflects an increase in clinical trial expenses related to TH-302. General and administrative expenses were $1.3 million for the third quarter of 2010 versus $1.2 million for the third quarter of 2009. This increase was primarily due to higher payroll and consulting expenses offset by lower employee stock-based compensation.
Molecular Insight Pharmaceuticals, Inc. MIPI
Molecular Insight Pharmaceuticals, Inc. Announces Third Quarter 2010 Financial and Operational Results
Cambridge, MA–(Marketwire – 11/04/10) – Molecular Insight Pharmaceuticals, Inc. MIPI, a biopharmaceutical company discovering and developing targeted therapeutic and imaging radiopharmaceuticals for use in oncology, today announced the financial and operational results for the third quarter ended September 30, 2010.
Pure Cycle Corporation PCYO
Pure Cycle Acquires Title to Sky Ranch Property
DENVER, Nov. 4, 2010 (GLOBE NEWSWIRE) — Pure Cycle Corporation PCYO announced that effective November 2, 2010, pursuant to an order of the United States Bankruptcy Court, Northern District of Illinois (the "Court"), the Company was granted deeded title to the Sky Ranch property, along with the water rights associated with the property, free and clear of all unrecorded liens, claims and interests.
I.D. Systems, Inc. IDSY
I.D. Systems, Inc. Reports Third Quarter Financial Results and Announces $3 Million Share Repurchase Program
"The growth of our wireless industrial vehicle management business, the recurring service contract revenue from the trailer tracking business of our Asset Intelligence subsidiary, and our efforts to reduce operating costs are all positive trends that contributed to our substantially lower net loss for the quarter," said Jeffrey Jagid, I.D. Systems' Chairman and Chief Executive Officer. "We also increased our net cash position by over $1 million, with no debt. With the market for our core wireless vehicle management solutions rebounding from the global economic downturn of 2009, we are optimistic that our business will continue to improve."
China Ritar Power Corp. CRTP
China Ritar Power Corp. Announces Letter of Intent to Acquire a Battery Company in Zhuzhou, China
SHENZHEN, China, Nov. 5, 2010 /PRNewswire-Asia-FirstCall/ — China Ritar Power Corporation CRTP, a leading supplier of innovative nano gel battery products and solutions, today announced it has signed a Letter of Intent (LOI) to acquire TDL Power Technology Co., Ltd. ("TDL"), a private-owned battery company in Zhuzhou, Hunan Province, China.
Zoom Technologies, Inc. ZOOM
Zoom Technologies Launches New Branding Initiatives
Acquires Rights to zoom.com URL and Trademarks; LEIMONE Mobile Phones Will Be Branded ZOOM
BEIJING–(Marketwire – 11/05/10) – Zoom Technologies, Inc. ZOOM, a leading China based manufacturer of mobile phones and related products, is solidifying its ZOOM brand by acquiring the URL domain name of zoom.com and significant Zoom Telephonics rights to the ZOOM logo and registered trademarks for China, and rebranding its growing and highly popular LEIMONE mobile phones to the ZOOM brand.
Move, Inc. MOVE
Move, Inc. Announces Third Quarter 2010 Financial Results
"In the past year, Move has made significant investments throughout the company to overhaul our technology, streamline our operations, develop an integrated product vision, and foster more solid relationships with our key real estate industry partners. As we head into the final quarter of 2010, I am pleased to say our business has turned a corner from stabilization to growth," said Steve Berkowitz, chief executive officer at Move, Inc.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
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