Nikolaj Gammeltoft: Bloomberg
Stocks Decline on Dimming EU Summit Hopes
U.S. stocks fell, following a two-day advance for the Standard & Poor's 500 Index, amid growing pessimism that European leaders will reach agreement on measures to ease the debt crisis at a summit this week.
The S&P 500 fell 0.8 percent to 1,249 at 10:03 a.m. New York time. The benchmark gauge for American equities rose 1.1 percent over the previous two sessions. The Dow slipped 64.64 points, or 0.5 percent, to 12,085.49 today.
“Markets reflect that it's pretty high stakes in Europe,” Charles Reinhard, who helps oversee about $1.7 trillion as deputy chief investment officer at Morgan Stanley Smith Barney LLC in New York, said in a telephone interview. “It's important that Europe is able to integrate fiscal policy, shore up the banks and that monetary policy eases.”
Yesterday's Top Performing Small Cap Stock:
GreenCell Incorporated GCLL
GreenCell Incorporated was a SmallCapVoice top performer closing up over 3% on trading volume of 39,374 shares.
GreenCell, Inc. Announces it Has Commissioned the Design and Construction of a New Technology High Throughput Production Kiln
PENN YAN, N.Y., Dec. 7, 2011 (GLOBE NEWSWIRE) – GreenCell, Incorporated GCLL today announced it has commissioned the design and construction of a new high throughput roller hearth kiln from SenCer Inc. in preparation for its igniter volume scale-up. The roller hearth kiln will be made from UltraTemp-M composite rollers and will be fully automated. The unit will incorporate hot-zone panels made from UltraTemp-C to maintain chemical purity and high quality assurance on the GreenCell line. Multiple units will be available on a rapid construction basis to meet volume demands on GreenCells range of products. Dan Valladao, CEO and President, stated, “This is just another important step in preparing the company for full scale up of our revolutionary new ceramic igniter to meet our expected market demands.”
Today's SmallCapVoice.com Hot Stock to Watch:
Beacon Enterprise Solutions Group Inc. BEAC
Beacon Enterprise Solutions to Host Conference Call on Tuesday, December 13, 2011 at 10:00 a.m. EST to Discuss Fiscal 2011 Year-End Results
Company Expects to Report Net Sales Growth of 30% for Fiscal 2011
LOUISVILLE, Ky., Dec. 6, 2011 /PRNewswire/ – Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems (“ITS”) infrastructure solutions, will host a conference call to discuss its fourth quarter and fiscal year-end financial results on Tuesday, December 13, 2011, at 10:00 a.m. EST. Beacon expects to issue its financial results for the fourth quarter and fiscal year-end on Monday, December 12, 2011, aftermarket.
Other Small Cap News
VistaGen Therapeutics, Inc. VSTA
VistaGen Therapeutics and Synterys Sign Strategic Medicinal Chemistry Collaboration Agreement for Drug Rescue
Collaboration to Focus on Leveraging VistaGen's Stem Cell-Based Technology to Develop Safer, Drug Rescue Variants of Once-Promising Drug Candidates
SOUTH SAN FRANCISCO, CA–(Marketwire – Dec 7, 2011) – VistaGen Therapeutics, Inc. VSTA, a biotechnology company applying stem cell technology for drug rescue and cell therapy, and Synterys, Inc., a medicinal chemistry and collaborative drug discovery company, have entered into a strategic medicinal chemistry services agreement. The collaboration will further VistaGen's stem cell technology-based drug rescue initiatives with the support of Synterys' medicinal chemistry expertise.
Novelos Therapeutics, Inc. NVLT
Novelos Therapeutics Closes $6 Million Public Offering
MADISON, Wis., Dec. 7, 2011 /PRNewswire/ — Novelos Therapeutics, Inc. NVLT, a pharmaceutical company developing novel drugs for treatment and diagnosis of cancer, today announced the closing of an underwritten public offering of 10,081,667 units at $0.60 per unit for proceeds, net of underwriting discounts and commissions, of $5,747,000. Each unit consisted of one share of common stock and a warrant to purchase one share of common stock. The warrants have an exercise price of $0.60 per share and a 5-year term. The offering was made pursuant to an effective registration statement under the Securities Act of 1933, as amended.
Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. RODM, acted as sole underwriter for the offering.
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