Defense Solutions, Inc., an international project management and executive consulting firm, a wholly owned subsidiary of Defense Solutions Holding, Inc. (OTC Bulletin Board: DFSH), announces that the Company has signed a distribution agreement with Dynamic Defense Materials, LLC, manufacturer of portable anti-ballistic and anti-blast structures. Defense Solutions will be an exclusive distributor of these portable armored wall systems called McCurdy’s ArmorTM in Iraq.
Wall Street moves higher on positive jobs report
Stocks rose Friday as Wall Street cheered the positive news it had been hoping for: job losses slowed in April and big banks don’t need as much capital as feared.
The Dow Jones industrial average gained more than 130 points in early trading, while broader stock indexes gained more than 1.5 percent.
The Labor Department said employers cut 539,000 jobs last month, the fewest in six months and much less than the 620,000 job losses analysts expected.
Form 10-K filed today to remove “E” on stock symbol
Defense Solutions, Inc., an international project management firm and a wholly owned subsidiary of Defense Solutions Holding, Inc. (OTCBB: DFSH, DFSHE), reports that the Company has filed its Annual Report on Form 10-K with the SEC today and the “E” that was added to its stock symbol for failing to file the Form 10-K on a timely basis is expected to be removed from its stock symbol shortly.
Investors decide to book some gains after recent rally
Stocks slid on Friday as data that showed the manufacturing sector contracted overshadowed a stronger-than-expected reading on consumer confidence.
With the market on a strong run since the early March bear market low, investors are choosing to book some gains.
Data showed the U.S. factory sector shrank further in April, but at a slower pace, and consumers felt more confident about the economy last month than at any time since September. Also, new orders received by factories declined last month.
The Standard & Poor’s 500 Index closed out its best month in nine years on Thursday, gaining 9.4 percent for April on hopes the worst was over for the financial sector and recession-hit economy.
Investors drive stocks higher on heels of better economic and earnings news.
In a welcome surprise for Wall Street on Thursday, the Labor Department said initial claims fell last week by 14,000 to 631,000. Economists had predicted an increase.
Thursday’s readings bolstered investors’ growing belief that the U.S. economy, while not yet healthy, is nearing a bottom. The stock market surged more than 2 percent Wednesday after the Federal Reserve said the contraction appears to be slowing.
Stocks decline as investors worry that swine flu could slow the economic recovery
Wall Street retreated Monday, unsettled by the possibility of a major swine flu outbreak.
The flu is not yet a global pandemic. The virus is suspected to be responsible for more than 100 deaths in Mexico, but cases in the United States and Canada have been mild.
Still, investors are nervous that the flu could spread and thwart economic recovery, particularly in areas that rely on travel and tourism. Spain became the first European country to confirm a case of swine flu, and the European Union health commissioner advised Europeans to avoid nonessential travel to Mexico and the United States.