Stephen Bernard, AP Business Writer
Stocks waver on mixed earnings, rising dollar
Stocks waver following earnings report, drop in home prices, rise in consumer confidence
NEW YORK (AP) — Stocks were narrowly mixed in midday trading Tuesday after a rise in consumer confidence offset disappointing news on home prices and earnings.
The Dow Jones industrial average fell 3 points, while broader indexes were mixed. Stocks started the day lower after weak results from Texas Instruments Inc., U.S. Steel Corp. and Bristol-Myers Squibb Co. A better report about consumer confidence in October helped stocks pare their losses in midday trading.
"The consumer confidence numbers were encouraging," said Bernie McSherry, vice president of strategic initiatives at Cuttone and Co. It’s a sign shoppers "may be reaching into their wallets heading into the holiday shopping season."
Ford Motor Co. and Coach Inc. were among the few bright spots in the big batch of earnings reports released Tuesday.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 2% on trading volume of 15,900 shares.
Disaster Monitoring System for New Orleans, Louisiana
NEW YORK, Oct. 26, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), who operates a portfolio of Homeland Security assets focused on natural and man caused disaster intervention, driven by proprietary smart logistics, telemetrics and advanced IT solutions, today announced that its Smart Environmental Logistics division has initiated work on the smart levee project for the State of Louisiana.
The pilot installation will monitor a one mile stretch of the levee that protects the city of New Orleans from a breach caused by natural or man caused disaster. The system will collect critical ‘levee status data’ from monitoring sensors installed throughout the flood control system. Real time information is transmitted via satellite uplink to an interactive data center to advise and warn of any potential problems or actual levee failure that could forerun catastrophic consequences.
Graham Mew TIE EVP Interview Tonight on StockGoodies.com Radio
NEW YORK, Oct. 25, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), is a diversified holding company who operates a portfolio of Homeland Security assets focused on natural and man caused disaster intervention, driven by proprietary smart logistics, telemetrics and advanced IT solutions, announced today that EVP Graham Mew will be the featured guest interview on the fastest growing Stock Trading community, StockGoodies.com Radio. The interview will be held on Oct. 25, 2010, at 8:00 p.m. EDT.
The interview can be heard at http://www.blogtalkradio.com/stockgoodies. The archived version can be found on the homepage of www.StockGoodies.com.
David K. Randall, AP Business Writer
Dow falls 100 amid mixed earnings reports
Stocks down after disappointing reports from Apple and IBM
NEW YORK (AP) — Stocks are trading sharply lower following a flurry of mixed earnings reports from corporate heavyweights.
Disappointing news from Apple and IBM are pushing technology shares down Tuesday. Both beat earnings forecasts, but they also said profitability was falling for key business lines.
Also weighing on stock prices is an announcement that China raised interest rates to slow inflation.
It’s a busy week for investors, as 113 companies in the Standard and Poor’s index of 500 companies report earnings.
In midday trading, the Dow Jones industrial average is down 100, or 0.9 percent, at 11,043.
Yesterday’s Top Performing Small Cap Stock:
Tootie Pie Company (OTCBB: TOOT)
Tootie Pie Company was a SmallCapVoice.com top performer closing up over 12% on trading volume of 6,700 shares.
TIE’s Whirlwind Media Services Adds NYC E-Web Design Firm
NEW YORK, Oct. 19, 2010 (GLOBE NEWSWIRE) — TIE Technologies, Inc. (Pink Sheets:TTCS), who is a diverse holding company specializing in science and technology driven companies focused on proprietary smart logistics for Homeland Security, environmental and disaster remediation, telemetrics, and advanced IT solutions, today announced that its award-winning Whirlwind Media Services company has acquired Making Ideas Work, Inc., a NYC based internet services and web design firm.
Whirlwind Media Services, www.whirlwindms.com, is continuing to acquire customers in order to optimally pursue the fast growing 110 billion dollar applications, web design and hosting services market. With this acquisition, Whirlwind Media Services adds 250 customers and a new dimension of e-commerce and database services.
Stephen Bernard, AP Business Writer
Stocks climb after Citigroup tops forecasts
Stocks climb after Citigroup’s 3rd-quarter results give financial stocks a lift
NEW YORK (AP) — An upbeat start to a busy week of earnings pushed stocks higher Monday.
Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide in bank shares. The Dow Jones industrial average rose 47 points in late morning trading.
Citigroup said it was helped by fewer customers failing to repay loans during the third quarter, another sign that the worst losses from loan defaults could be in the past. The better results from Citi lifted shares of other banks, which had swooned last week as fallout spread from accusations that banks had improperly processed large amounts of foreclosures. Wells Fargo & Co. and JPMorgan Chase & Co. both rose about 2 percent.
The market is likely to turn its focus to corporate earnings throughout the week as dozens of large companies release results. Broad economic reports have been the main factor driving stock trading in recent months.
Yesterday’s Top Performing Small Cap Stock:
Bio-Matrix Scientific Group Inc. (OTCBB: ENTB)
Bio-Matrix Scientific Group Inc. was a Small Cap top performer closing up over 12% on trading volume of 10,868 shares.