Stocks slip on heels of existing home sales data
Stocks slipped on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.
Boeing, the Dow’s biggest drag, said the inaugural flight of its long-delayed 787 Dreamliner will be postponed so it can reinforce a section of the aircraft. Boeing slid 7.6 percent to $43.34.
Stocks are modestly higher as data on home construction and inflation ease worries about economy
Stocks edged higher Tuesday after better-than-expected data on home construction, building permits and inflation eased some of the fears that have dogged investors in recent weeks about the speed of a recovery in the economy.
The modest moves after Monday’s big drop indicated that investors are still on edge that a three-month stock market rally could fizzle if the economy doesn’t show more signs it is emerging from the recession.
DAVIS, CA — (Marketwire) — 06/16/09 — Octus Energy (OTCBB: OCTI) today announced it is joining the California Lighting Technology Center’s (CLTC) California Smart Lighting Initiative. The Initiative was conceived by CLTC in association with industry partners, the University of California, California utilities, and the California Energy Commission with an aim to reduce maintenance, energy and operational costs for exterior lighting applications by 50% or more.
SmallCapVoice.com, Inc. announced today that a new audio interview profiling Octus Energy (OTCBB: OCTI) is now available. The interview can be heard at http://smallcapvoice.com/blog/6-9-09-audio-interview-with-octus-energy-inc-otcbb-octi/
“We believe Octus has built a solid foundation for tremendous growth, and concurrently we are pleased to have the opportunity to share our developments with shareholders and the potential new investor base provided by SmallCapVoice.com,” said Octus CEO Chris Soderquist.
Podcast: Download (12.6MB) | Embed
Octus Energy is a smart energy management company headquartered in Davis, California. Octus intends to develop, market and sell energy-efficient lighting and cooling solutions that enable public sector and private organizations to significantly reduce their energy expenses. The company intends to deliver solutions through Octus ESP (Energy Savings Platform), a full-scale energy management program.
Stocks pull back ahead of the latest government report card on banks
Stocks fell Monday, sending the Dow Jones industrial average down by about 100 points. Overseas markets also pulled back.
The government is expected to announce as early as Monday which banks will be allowed to return bailout funds. JPMorgan Chase & Co., Goldman Sachs Group Inc. and American Express Co. are expected to get approval to repay their loans, according to The Washington Post.