Jason Lange, Reuters
Factory data clouds view on recovery’s strength
New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.
Other data on Tuesday cast doubt on the strength of an incipient housing market recovery as a separate report showed home prices falling sharply in December.
Durable goods orders dropped 4 percent, the biggest decline since January 2009 when the country was still mired in a deep recession, according to Commerce Department data.
"It is not a great start to January," said David Watt, a currency strategist at RBC Capital in Toronto.
Today’s SmallCapVoice.com Hot Stock to Watch:
Auri, Inc. (OTCBB: AURI)
AllPennyStocks.com Announces Corporate Write-Up on Auri, Inc. (OTCBB:AURI)
MISSISSAUGA, ON., February 27, 2012 – AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Auri, Inc. (OTCBB:AURI).
SmallCapVoice Clients’ News
PositiveID Corporation (OTCBB: PSID)
Vista Partners Updates Coverage on PositiveID Corporation; $0.38 Target Price
SAN FRANCISCO, Feb. 28, 2012 /PRNewswire/ – Vista Partners announced today that it has updated coverage on PositiveID Corporation (OTCBB: PSID) ("The Company" or "PSID"); and revised its twelve month target price to $0.38. Ross Silver, Principal Analyst at Vista Partners stated, "The Company’s MicroFluidic Systems subsidiary is attempting to secure a portion of the $3.1B Homeland Defense BioWatch pathogen detection contract. The Company is jointly demonstrating its M-BAND device with The Boeing Company and Hamilton Sundstrand at a bioterrorism conference this week."
Marley Coffee (OTCBB: JAMN)
Marley Coffee Expands International Presence with Japanese Distribution Partner
LOS ANGELES and TOKYO, Feb. 28, 2012 /PRNewswire/ – Marley Coffee (OTCBB: JAMN), a sustainably grown, ethically farmed and artisan roasted gourmet coffee, today announced that IMT Imedia Cafe has become a new distribution partner in Japan. IMT Imedia Cafe is a strategic alliance between a Japanese enterprise and Colombian coffee farmers, processors and exporters who specialize in gourmet and specialty coffees. The partnership is expected to significantly expand the availability and retail presence of Marley Coffee in Tokyo and elsewhere in Japan.
Other Small Cap News
Nevada Geothermal Power Inc. (OTCBB: NGLPF)
Nevada Geothermal Power Reports Results for the quarter ended December 31, 2011
VANCOUVER, Feb. 28, 2012 /PRNewswire/ – Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP, OTCBB: NGLPF) today announced results for the quarter ended December 31, 2011. The Condensed Consolidated Interim Financial Statements and Management’s Discussion and Analysis (MD&A) are available at http://www.sedar.com and on the Company’s website at http://www.nevadageothermal.com.
Arch Biopartners Inc. (OTCBB: FOIFF)
Arch Scientists to Lead Anti Corrosion Project for Auto Industry
TORONTO, ONTARIO–(Marketwire – Feb. 28, 2012) – Arch Biopartners Inc. ("Arch" or the "Company") (CNSX:ACH)(OTCBB:FOIFF) today announced that AUTO21 and its contributing partners have approved funding totaling $518,400 for Arch scientists to lead an anti corrosion project on Magnesium ("Mg") and rare earth ("RE") alloys for the Canadian auto industry.
OxySure® Systems, Inc. (OTCBB: OXYS)
OxySure Systems, Inc. Common Stock Begins Trading Under Ticker Symbol "OXYS"
FRISCO, Texas, Feb. 28, 2012 (GLOBE NEWSWIRE) — OxySure® Systems, Inc. (OTCBB:OXYS) ("OxySure"), the pioneering manufacturer of life-saving easy-to-use emergency oxygen solutions with its "oxygen from powder" technology has announced that its common stock is now trading on the OTC Bulletin Board under the ticker symbol "OXYS."
Lingo Media Corporation (OTCBB: LMDCF)
Lingo Media’s ELL Technologies Announces Sales Contract With Panama’s Leading Multimedia Publishing House La Prensa
TORONTO, ONTARIO–(Marketwire – Feb. 28, 2012) – Lingo Media Corporation (TSX VENTURE:LM)(OTCBB:LMDCF) ("Lingo Media" or the "Company") a leader in online and print-based English language learning solutions is pleased to announce that its wholly-owned subsidiary, ELL Technologies Limited ("ELL Technologies") has signed a contract with Corporation La Prensa, S.A. ("La Prensa"), a leading multimedia publishing house in the development and dissemination of content, products and services in Panama. La Prensa’s main activity is the publication, distribution and sale of newspapers, La Prensa and Mi Diario.
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