Stephen Bernard, AP Business Writer
Stocks soar as worries over Ireland ease; GM jumps
Stocks surge as hopes build for a resolution of Ireland’s debt woes; GM shares bound higher
NEW YORK (AP) — Stocks bounded higher Thursday on strong interest in General Motors’ initial public offering and growing confidence that Ireland will resolve its debt crisis.
The Dow Jones industrial average jumped 170 points in morning trading, following European markets higher. U.S. shares got another boost after from a surprisingly strong reading on regional manufacturing activity from the Federal Reserve Bank of Philadelphia.
Markets had been roiled in recent days by fears that Ireland would be the next European country to need a bailout. Greece came close to fiscal collapse in May and had to be rescued by other European countries and the International Monetary Fund. Fears that Greece’s fiscal morass would undermine Europe’s shared currency, the euro, and lead to bailouts of other European countries brought stock prices down around the world in May and early June.
Signs of progress in talks among Irish and European officials Thursday gave investors hope that the country would reach a deal soon with the European Union and the IMF to shore up its finances. Ireland has nationalized three of its six local banks following a collapse of the country’s real estate market.
Yesterday’s Top Performing Small Cap Stock:
Concordis Group, Inc. (Pink Sheets: CNGI)
Concordis Group, Inc. was a SmallCapVoice.com top performer closing up over 16% on trading volume of 4,300 shares.
Concordis Group, Inc. Hires New Independent Audit Firm
DESTIN, Fla., Nov. 17, 2010 /PRNewswire/ — Concordis Group, Inc. (Pink Sheets: CNGI), a growing financial holding company, announced today it has engaged Malone Bailey, LLP, as the company’s new independent audit firm.
Nov. 18, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that its stock symbol has changed to BRAV effective for trading today. Shareholders are not required to take any action with respect to this change.
With this corporate action completed, BRAVADA will be completing its third quarter filings and expects to return to current status on OTCMarkets.com shortly.
“Getting our symbol changed to BRAV was a very important step in accelerating BRAVADA’s corporate and business expansion,” replied Danny Alex, CEO of BRAVADA. “So many things are associated with a company’s stock symbol and completing this corporate action will allow BRAVADA to move forward uniformly.”
Stephen Bernard, AP Business Writer
Stocks waver as Ireland debt fears remain a focus
Stocks mixed as traders watch Ireland bailout talks; inflation remains tame
NEW YORK (AP) — Stocks wavered Wednesday as Ireland discusses a bailout with the European Union and Britain pledged support to help the struggling country.
The Dow Jones industrial average fell 2 points in morning trading, a day after the index posted its biggest loss since Aug. 11. A tame inflation report and another weak reading on the housing market did little to draw attention back to the domestic economy, which has taken a backseat to concerns about overseas economies.
Shares of homebuilders including D.R. Horton Inc. and PulteGroup Inc. fell about 1 percent following the disappointing housing report.
Stocks worldwide have been rattled in recent days as investors fear Ireland will become the latest European country to need a bailout. Greece was bailed out in May after it was unable to contain runaway spending. Ireland is now struggling after a collapse in its housing market forced the country to take over three large banks.
Yesterday’s Top Performing Small Cap Stock:
Diamond Ranch Foods, Ltd. (OTCBB: DRFO)
Diamond Ranch Foods, Ltd. was a SmallCapVoice.com top performer closing up over 5% on trading volume of 13,100 shares.
Diamond Ranch Foods is a highly strategic food group distributor and processor of a broad selection of the finest quality meats, poultry, seafood, and foodservice items, including private label and custom-cuts, which can be prepared fresh, frozen or vacuum-packed. The Company operates a fleet of refrigerated trucks for delivery throughout the New York metropolitan area and ships coast to coast via common carrier.
The Company’s USDA-inspected facility is located in the Hunts Point Cooperative Market (Bronx, New York), which is the largest food distribution center in the world, and boasts a highly-diversified customer base throughout the tri-state region, including; supermarket chains, restaurants, hotels, deli/catering operators, institutions and industry suppliers.
Nov. 17, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that it has added eleven (11) styles of Body Active Jeggings (Stretch Active Jeans) to its expanding mix of women’s fashion activewear. BRAVADA’s new Body Active Jeggings (jeans) are a high quality mix of various fabric blends which includes spandex providing “stretch” and free body motion. They look and feel exactly like “regular denim jeans;” however, the inherent stretch in the fabric gives women free movement and extreme comfort making them a perfect addition to BRAVADA’s fashion activewear mix. BRAVADA expects to add additional styles to expand its line of Body Active Jeggings. BRAVADA’s Body Active Jeans / Jeggings come in sizes 1 through 15.
BRAVADA’s Body Active Jeggings are now available at its BRAVADA Women’s Athletica retail stores and will be available in the coming days on www.BravadaWomen.com, its Ecommerce shopping mall.
Stephen Bernard, AP Business Writer
Stocks fall amid caution over G20 summit
Stocks slide ahead of economic summit; drop in unemployment claims not enough to lift market
NEW YORK (AP) — Stocks fell Wednesday ahead of an upcoming meeting of world leaders and as Europe continues to grapple with government debt problems.
Not even an unexpectedly sharp drop in first-time claims for unemployment benefits was enough to lift share prices. The Dow Jones industrial average fell more than 55 points in late morning trading. Losses were spread across most industries, with technology stocks leading the pullback. Financial shares were among the best performers.
Google Inc., Cisco Systems Inc. and Oracle Corp. were among big technology companies whose shares fell.
Normally an upbeat jobs report would send stocks higher, but enthusiasm was kept in check ahead of a key meeting by world leaders. Members of the Group of 20 will be meeting Thursday and Friday in South Korea.
Yesterday’s Top Performing Small Cap Stock:
BRAVADA International Ltd (Pink Sheets: MFLI)
BRAVADA International Ltd was a SmallCapVoice.com top performer closing up over 8% on trading volume of 3,011,310 shares.
BRAVADA Looks to Continue Expansion of BRAVADA Women’s Athletica Stores in Los Angeles Given an Extremely Favorable Lease Environment
Nov. 10, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that it is looking to continue the expansion of its BRAVADA Women’s Athletica stores in Los Angeles given an extremely favorable leasing environment. BRAVADA is continuing to analyze a store location that would enhance its presence in the Beverly Hills/West Hollywood area with a second BRAVADA Women’s Athletica location; it currently has a location at 322 S Robertson Blvd. This would allow for increased marketing opportunities and community participation in the area and grow its awareness as a leading retailer of women’s yoga clothes and activewear apparel.
Nov. 10, 2010 (Business Wire) — BRAVADA International Ltd. (www.BravadaWomen.com) (Pink Sheets:MFLI) announced today that it is looking to continue the expansion of its BRAVADA Women’s Athletica stores in Los Angeles given an extremely favorable leasing environment. BRAVADA is continuing to analyze a store location that would enhance its presence in the Beverly Hills/West Hollywood area with a second BRAVADA Women’s Athletica location; it currently has a location at 322 S Robertson Blvd. This would allow for increased marketing opportunities and community participation in the area and grow its awareness as a leading retailer of women’s yoga clothes and activewear apparel.
One offer presented to BRAVADA in this current leasing climate allows for 6 months free rent to establish the location, after which time BRAVADA would assess sales results and decide at that time whether to enter into an actual lease. Store opening costs are minimal as BRAVADA currently possesses near sufficient inventory for an additional location. No final decision has been made on a second location in Los Angeles. BRAVADA is also working on its Calgary, Canada location as previously disclosed.