Chip Cutter, AP Business Writer
Stocks trade mixed on weak jobs report
US stocks barely move after gov't reports an increase in claims for unemployment benefits
NEW YORK (AP) — Stocks were mixed Thursday after the government reported that more people applied for unemployment benefits last week.
The Labor Department said 409,000 Americans applied for unemployment benefits. That's up from 388,000 the previous week, when applications fell to their lowest level in more than two years. The number of applications suggests a moderate amount of job growth.
The report came a day after ADP, a payroll processor, estimated that private companies added 297,000 jobs last month, far more than the 100,000 economists expected. That report pushed stock prices higher and Treasury prices lower as investors became more optimistic about the jobs market.
In a week with several reports on employment, the most important one will arrive on Friday when the Labor Department releases its monthly survey of all U.S. payrolls and the unemployment rate. Economists expect the rate will fall to 9.7 percent from 9.8 percent.
Yesterday's Top Performing Small Cap Stock:
Casey Container Corp. CSEY
Casey Container Corp. was a SmallCapVoice.com top performer closing up over 5% on trading volume of 52,524 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 Launches Online Site Assessment Tool for Customers of the Buy Direct Program for Its Small Wind Energy Systems
WILSONVILLE, OR — (Marketwire) — 01/06/11 — XZERES Wind Corporation XWND, designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), today announced the launch of an online site tool designed for customers to evaluate the potential for wind energy generation at their domestic location. The new site tool is a part of the XZERES WindRx™ (http://www.xzeres.com/buy-direct/wind-report-project) financial analysis platform and gives instant access to information answering the question — is wind energy right for me?
SmallCapVoice Clients' News
NuVim, Inc. (Pink Sheets: NUVM)
Dr. Paul Addis to Research Additional NuVim Benefits
PARAMUS, NJ–(Marketwire – 01/06/11) – NuVim, Inc. NUVM, a leading provider of refrigerated and shelf stable ready-to-drink healthy beverages and powder mixes, announced today that it has signed an agreement with Paul B. Addis, Ph.D., to research the additional health benefits consumers are citing in testimonials of how NuVim is helping them in their daily activities. Anecdotal comments from consumers have encouraged Dr. Addis to engage in more meaningful research to assist in understanding the reasons drinking NuVim could have new health benefits that range from better focus in autistic children, consistent and timely digestion in Alzheimer's patients, higher activity level in people over 60 and improved quality of life of people in assisted living facilities. Research will focus on why people talk about the overall well being they feel after consuming NuVim over time.
Madison Ave. Media, Inc. KHZM
Madison Ave. Media Annual Meeting of Shareholders
NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of MADISON AVE. MEDIA, INC., a Delaware Corporation, will be held at the corporate offices located at 1515 S. Federal Hwy., Suite #100 Boca Raton, FL 33432 on Monday, February 7, 2011, at 3:00 P.M., EST. All shareholders of record as of Dec 29, 2010 will receive a copy of the company's proxy statement and annual report.
Madison Ave. Media has filed its 2011 proxy with the SEC. The annual meeting is a forum by which shareholders and management may vote and exchange dialogue as to the growth and expansion of the firm. Management of the company is committed to providing as much information as possible to its shareholders, while continuing to explore strategic relationships and acquisitions as part of its overall growth plan.
Other Small Cap News
ERT ERES
eC-SSRS Solution from ERT Facilitates Compliance with New FDA Guidance on Suicidality Assessment in Clinical Trials
PHILADELPHIA, Jan. 5, 2011 /PRNewswire/ — ERT ERES, a global provider of technology and services to the pharmaceutical, biotechnology and medical device industries, announced that its eC-SSRS (Electronic Columbia Suicide Severity Rating Scale) solution facilitates compliance with the newly introduced Food and Drug Administration (FDA) guidance document entitled “Suicidality: Prospective Assessment of Occurrence in Clinical Trials.” A copy of this guidance can be downloaded from www.ert.com.
PCTEL, Inc. PCTI
PCTEL Forms Joint Venture With Eclipse Design Technologies
PCTEL Secure To Provide Services and Platforms for Secure Communication Products
BLOOMINGDALE, Ill.–(BUSINESS WIRE)– PCTEL, Inc. PCTI, a leader in antenna and scanning receiver solutions and Eclipse Design Technologies, Inc. announced today that they have launched a new joint venture – PCTEL Secure LLC – that will provide engineering services and design platforms that enable secure applications. PCTEL will initially own a majority interest in PCTEL Secure and has the right to acquire the rest of the company over the next three years.
Trident Microsystems, Inc. TRID
Trident Partners With Yahoo! to Deliver the First Connected Cinema TV Into the Home
Cinema TVs Provide a TV Viewing Experience Previously Only Found on the Big Screen in Movie Theaters
SUNNYVALE, Calif., Jan. 6, 2011 /PRNewswire/ — Trident Microsystems, Inc. TRID, a leading provider of set-top box and TV semiconductor solutions, today announced that it has ported a cinema version of the Yahoo! Connected TV experience onto the Trident DTV platform that will be powering top-brand Cinema TVs scheduled to begin shipping in early 2011. These new Cinema TVs deliver a TV viewing experience previously found only on the big screen in movie theaters. Combined with access to the best of the Web, including more than 50,000 TV shows and movies on demand and thousands of Internet content sources specifically created for the TV, Cinema TVs deliver the ultimate home viewing platform.
NovaBay Pharmaceuticals (NYSE Amex: NBY)
NovaBay Pharmaceuticals Reports Activity of Aganocide NVC-422 Against Deadly “Superbug” Producing NDM-1 (New Delhi Metallo-beta-lactamase-1)
NVC-422 Also Shown Effective Against Six Other Highly Drug-Resistant Pathogens
EMERYVILLE, Calif., Jan. 6, 2011 (GLOBE NEWSWIRE) — NovaBay Pharmaceuticals (NYSE Amex:NBY), a clinical stage biotechnology company developing first-in-class, anti-infective compounds for the treatment and prevention of antibiotic-resistant infections, announces that in tests conducted at a third-party laboratory, NovaBay's lead Aganocide, NVC-422 has shown in vitro activity against the “superbug” New Delhi Metallo-beta-lactamase-1 (NDM-1)-encoded Klebsiella pneumoniae at a very low concentration of 2 mg/mL. In comparison, Imipenem, which is a mainstay antibiotic for the treatment of antibiotic-resistant bacterial infections, is not effective against NDM-1-encoded strains.
Jamba, Inc. JMBA
Jamba, Inc. Provides Update on 2010 “BLEND” Plan
Q410 Company-Owned Comparable Store Sales Increased 0.2%
EMERYVILLE, Calif.–(BUSINESS WIRE)– Jamba, Inc. JMBA provided an update regarding key accomplishments through the fourth quarter, which ended on December 28, 2010. The Company announced that preliminary company-owned comparable store sales (1) for the fourth quarter of 2010 increased 0.2%, which reflects sequential comparable store sales improvement during the last six of seven quarters. It is also the first positive quarter of company-owned comparable store sales increase since 2007.
ADVENTRX Pharmaceuticals, Inc. ANX
FDA Accepts Exelbine NDA for Filing
SAN DIEGO, Jan. 6, 2011 /PRNewswire/ — ADVENTRX Pharmaceuticals, Inc. (NYSE Amex: ANX) today announced that the U.S. Food and Drug Administration (FDA) has accepted for filing the New Drug Application (NDA) for its product candidate ANX-530 (vinorelbine injectable emulsion), or Exelbine. The filing of the Exelbine NDA means the FDA has made a threshold determination that it is sufficiently complete to permit a substantive review.
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