David K. Randall, AP Business Writer
Stocks drift down a day after hitting 2-year highs
Stocks slip after hitting two-year highs; House passes $850 billion tax package
NEW YORK (AP) — Stock trading opened quietly Friday, a day after major indexes hit two-year highs.
In a sign the economy is improving, the Conference Board said its index leading economic indicators rose 1.1 percent in November. The index — which tracks data such as orders for new goods and materials — rose 0.5 percent in October.
In early trading, the Dow Jones industrial average fell 24.71 points, or 0.2 percent, to 11,474.54. The Standard and Poor's 500 index fell 0.89, or 0.1 percent, to 1,241.98. The Nasdaq composite index rose 3.28, or 0.1 percent, to 2,640.59.
The Dow and S&P 500 index closed Thursday at their highest levels since September 2008.
The House passed an $850 billion tax cut package late Thursday night. The bill will extend Bush-era tax cuts for another two years. House Democrats had complained that the tax package is overly generous to the nation's wealthiest taxpayers.
Yesterday's Top Performing Small Cap Stock:
Casey Container Corp. CSEY
Casey Container Corp. was a SmallCapVoice.com top performer closing up over 13% on trading volume of 31,800 shares.
Headquartered in Scottsdale, Arizona, Casey Container is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The Company is committed to developing container products that meet clients' demands while addressing environmental issues concerning proliferation of plastic pollution. The Company offers its biodegradable plastic packaging solutions using the breakthrough science of the EcoPure® additive and technology.
Today's SmallCapVoice.com Hot Stock to Watch:
XZERES Wind Corp. XWND
XZERES Acquires First Three Micro-Generation Utility Customers — Minimum of $1.1Million in Combined Contract Value
WILSONVILLE, OR — (Marketwire) — 12/16/10 — XZERES Wind Corporation XWND, designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), announced today the signing of the first three customers under the Company's recently launched Micro-Generation Utility model. Representing three separate contracts, the minimum total combined dollar value is expected to total approximately $1.1 million.
Other Small Cap News
Advanced Voice Recognition Systems, Inc. AVOI
A New Audio Interview with Advanced Voice Recognition Systems, Inc. President and CEO, Walter Geldenhuys, is Now at SmallCapVoice.com
AUSTIN, Texas–(BUSINESS WIRE)– SmallCapVoice.com, Inc. announces today that a new audio interview with Advanced Voice Recognition Systems, Inc. (AVRS) AVOI www.avrsys.com , is now available. The interview can be heard at http://smallcapvoice.com/blog/12-14-10-audio-interview-with-advanced-voice-recognition-systems-inc-otcbb-avoi/.
SinoTech Energy Limited CTE
SinoTech Announces RMB437 Million Agreement to Purchase 10 New LHD Units
Company Will Double Existing LHD Capacity by December 2011
BEIJING, Dec. 17, 2010 (GLOBE NEWSWIRE) — SinoTech Energy Limited CTE (“SinoTech”), a fast-growing provider of enhanced oil recovery (“EOR”) services in China, today announced that it has signed an RMB437 million (US$ 65.7 million) agreement to purchase 10 additional lateral hydraulic drilling (“LHD”) units. SinoTech will take delivery of the equipment in three batches over the next year, with the first two units arriving in March 2011. The 10 new units will double the capacity of Sinotech's LHD service, one of the company's two core EOR offerings, by the end of 2011.
China Sunergy Co., Ltd. CSUN
China Sunergy to Supply 120 MW of PV Modules to Ecoware S.p.A
NANJING, China, Dec. 17, 2010 /PRNewswire-Asia/ — China Sunergy Co., Ltd. CSUN (“China Sunergy” or the “Company”) a leading solar cell and module manufacturer based in Nanjing, China, today announced that it has entered into a framework agreement with Ecoware S.p.A., a subsidiary of Kerslef Group, a leading Italian company in the integration of photovoltaic systems and solar fields of any size, both for private and industrial use. According to the terms of the agreement, China Sunergy will supply 120 megawatts (MW) of PV modules, which are branded as CEEG by China Sunergy, to Ecoware S.p.A. from the fourth quarter of 2010 to the third quarter of 2011.
BioClinica, Inc. BIOC
BioClinica Announces Share Repurchase Program
NEWTOWN, Pa.–(BUSINESS WIRE)– BioClinica®, Inc., BIOC, a global provider of clinical trial management services, announced that its Board of Directors has authorized a share repurchase program of up to $2.0 million of the Company's common stock over the next 18 months.
iCAD, Inc. ICAD
iCAD to Acquire Xoft, Inc.
Advances Commitment to Oncology Care Cycle with Leading Non-Radioactive Brachytherapy Solutions for Breast and Other Cancers; Conference Call Scheduled at 11:00 a.m. Eastern Time December 17
NASHUA, N.H.–(BUSINESS WIRE)– iCAD, Inc. ICAD, an industry-leading provider of advanced image analysis and workflow solutions for the early identification of cancer, announced today the signing of a definitive agreement to acquire Xoft, Inc., developer of the Axxent® eBx™ electronic brachytherapy system for approximately 8.47 million shares of iCAD common stock (representing approximately 15.6% of iCAD's outstanding common shares after closing) and approximately $1.0 million in cash, for a total consideration at closing valued at approximately $13.1 million, exclusive of any potential earn-out payments described below. The acquisition is expected to close by year-end, and brings a breakthrough isotope-free cancer treatment platform technology to iCAD.
Repros Therapeutics Inc RPRX
Repros® Therapeutics Prepares to Commence Dosing in Second Cohort in Low Dose Proellex® Study
No signals of liver toxicity detected at one milligram dose of Proellex Low levels of drug activity exhibited in first cohort
THE WOODLANDS, Texas–(BUSINESS WIRE)– Repros Therapeutics Inc.® RPRX today announced it has commenced preparation for dosing the 3 mg cohort in the Company's low dose study of Proellex® following a safety review of data from women that have completed 8 weeks of treatment at a 1 mg dose. No signals of liver toxicity were detected to date in the 1 mg group. Unexpectedly, low levels of drug activity were detected in this first cohort. The Company plans to commence dosing of the second group, 3 mg Proellex, next week.
Entrée Gold Inc. (NYSE Amex: EGI)
Entrée Gold Commences Drilling Dixie Target at Bisbee, Arizona
VANCOUVER, Dec. 16 /PRNewswire/ – Entrée Gold Inc. ETG has commenced a combined reverse circulation- core drilling program at its Bisbee project in Arizona. The initial three hole, 2,400 metre program (including 1,200 metres of reverse circulation pre-collars) will test a discrete buried geophysical target whose signature is similar to several known mineralized copper porphyry deposits in the Southwest USA. The Dixie target is located 6 kilometres north of the historic Lavender pit at Bisbee (refer to map on www.entreegold.com).
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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