Stephen Kirkland and Rita Nazareth, Reuters
Stocks Drop With Euro as Spain Delays Bailout Decision
Global stocks fell for a seventh day, Treasuries rose and the euro slid as German and Asian data spurred concern the economy is weakening and Spain delayed making a decision on seeking a bailout until terms are clear.
The MSCI All-Country World Index slid 0.9 percent at 11:03 a.m. in New York, extending its longest losing streak in seven weeks. The Standard & Poor’s 500 Index lost 0.8 percent and U.S. 10-year Treasury yields decreased three basis points to 1.62 percent. The euro lost 0.3 percent to $1.2496, erasing an earlier gain, and Spain’s 10-year yield surged 14 basis points. Oil fell 1.6 percent as Tropical Storm Isaac weakened.
German unemployment increased for a fifth month, retail sales in Japan fell more than estimated and South Korean manufacturers’ confidence stayed near the lowest level since 2009. U.S. reports showed consumer spending rose less than forecast and inflation slowed as investors awaited Fed Chairman Ben S. Bernanke’s speech tomorrow in Wyoming.
Yesterday’s Top Performing Small Cap Stock:
PositiveID Corporation (OTCBB: PSID)
PositiveID Corporation was a SmallCapVoice top performer closing up 12% on trading volume of 1,111,993 shares.
PositiveID Corporation is an emerging growth company and developer of airborne bio-threat detection systems for America’s homeland defense industry as well as advanced technologies for diabetes management and rapid medical testing. Its wholly-owned subsidiary, Microfluidic Systems, or MFS, is focused on the development of microfluidic systems for the automated preparation of and performance of biological assays in order to detect biological threats at high-value locations, as well as analyze samples in a medical environment.
Today’s SmallCapVoice.com Hot Stock to Watch:
Pazoo Inc. (OTCQB: PZOO)
Pazoo Begins Expansion into Germany with Further International Expansion Planned for Next Year
CEDAR KNOLLS, N.J., Aug. 29, 2012 /PRNewswire/ – Pazoo, Inc., (OTCBB: PZOO) has announced plans for expanding the Health & Wellness Expert Section and the Health & Wellness Social Community on its website, http://www.pazoo.com, into Germany with a German language version in the fourth quarter of 2012. Several international URLs linked to www.pazoo.com have been reserved for use. Representatives of Pazoo, Inc. traveled to Germany in mid-August and met with individuals who have begun planning and implementing this expansion.
SmallCapVoice.com Clients’ News:
Omega Commercial Finance Corporation (OTCQB: OCFN)
A New Audio Interview With Jon S. Cummings IV, Chairman and Founder of Omega Commercial Finance Corporation, is Now at SmallCapVoice.com
AUSTIN, Texas, Aug. 29, 2012 (GLOBE NEWSWIRE) — SmallCapVoice.com, Inc. announced today that a new audio interview with Omega Commercial Finance Corporation (OTCQB:OCFN) is now available. The interview can be heard at http://smallcapvoice.com/blog/8-21-12-smallcapvoice-interview-with-omega-commercial-finance-corp-otcqb-ocfn
Other Small Cap News
Lingo Media Corporation (OTCBB: LMDCF)
Lingo Media Reports Second Quarter Results
TORONTO, ONTARIO–(Marketwire – Aug. 29, 2012) – Lingo Media Corporation (TSX VENTURE:LM) (OTCBB:LMDCF) (“Lingo Media” or the “Company”), an ESL industry acquisition company that is Changing the way the world learns English, announces its financial results for the second quarter ended June 30, 2012. All figures are reported in Canadian Dollars, and are in accordance with International Financial Reporting Standards unless otherwise noted.
Medisafe 1 Technologies Corp. (OTCBB: MFTH)
Medisafe 1 Technologies in Advanced Negotiations for $7MM Perpetual License Sale
JERUSALEM, August 30, 2012 /PRNewswire/ — Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company is in advanced negotiations to enter into a non-exclusive perpetual license agreement to transfer rights for the full commercialization, marketing and distribution of its patented medicinal locking mechanism and bar-code matching system.
VLOV, Inc. (OTCBB: VOLV)
VLOV Announces Collection Details to be Presented at 2013 Spring/Summer Collection at the Mercedes-Benz Fashion Week in New York City
XIAMEN, China, Aug. 30, 2012 /PRNewswire-Asia-FirstCall/ — VLOV, Inc. (OTC Bulletin Board: VOLV) (“VLOV” or the “Company”), which designs, sources, markets and distributes VLOV-brand fashion forward men’s apparel in the People’s Republic of China, today announced additional information about the lines to be showcased during VLOV’s 2013 Spring/Summer showing at the Mercedes-Benz Fashion Week in New York City on Saturday September 8, 2012 at 6:00 p.m. in the Stage venue at Lincoln Center.
About SmallCapVoice.com
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