Welcome to The Daily Stock Report...brought to you by QualityStocks.net, where performance is tracked daily.
I'm Jen Hoffman, and for Wednesday January 9th we're bringing you the latest news from around the markets ...
(HEADLINE NEWS)
Today's headline news are brought to you by Pressure BioSciences, Inc. (PBIO)
Pressure BioSciences, Inc. (PBIO) is focused on developing products based on its proprietary pressure cycling technology (PCT) for life-sciences applications. The innovative technology utilizes hydrostatic pressure, which cycles between ambient and ultra-high levels, to rapidly and proficiently disrupt cell membranes/tissues to remove nucleic acids, proteins, and small molecules from plant and animal materials.
Lets get in to the Headline news for Tuesday...
McGraw-Hill Cos. said yesterday it plans to cut 600 jobs and will take a $43.7 million pretax charge to cover severance costs.
The fourth-quarter restructuring charge will reduce the company's earnings by $27.3 million, or 8 cents per share, after tax.
Pending U.S. home sales dipped in November, a trade group for real estate agents said yesterday, but it expects the sales pace to pick up significantly in the second half of 2008.
In another indication that the housing market's struggles aren't finished, the National Association of Realtors said its seasonally adjusted index of pending sales for existing homes fell 2.6 percent to a reading of 87.6 from an upwardly revised October index of 89.9.
The markets open this morning with...
The Dow down, 238.42 or 1.86%
The Nasdaq down, 58.95 or 2.36%
And the S&P 500 down, 25.99 or 1.84%
And now for a look at the Small Cap news Quality Stocks is tracking...
Small Cap headlines are brought to you by Cord Blood America, Inc., (CBAI.OB)
Cord Blood America (CBAI.OB) is focused on becoming the most respected stem cell preservation company in the world. The company plans to achieve its goal by educating expectant parents, families with a history of disease, critically ill patients, and all others who wish to learn about their life saving service.
The QualityStocks Daily Newsletter highlighted Universal Detection Technology (UDTT.OB) as "One To Watch" with over 14 million shares traded.
Universal Detection Technology (UDTT.OB )announced yesterday they have received an order from Security Solutions International for UDTT's plague detection kits, which will be utilized to provide counter-terrorism training and education to members of law enforcement and representatives from US Army and various other security and emergency response agencies.
Biophan Technologies, Inc. (BIPH.OB) up 96% with over 4 million shares traded.
Biophan Technologies, Inc. (BIPH.OB) recently laid out its strategic plan for the coming year, which includes a focused effort on the development of the Myotech Circulatory Support System (CSS), which offers acute circulatory support for patients suffering from sudden cardiac arrest.
Biophan Technologies, Inc. (BIPH.OB) announced that Earlier this year, the New England Journal of Medicine published a study that focused on the function and effectiveness of MRI in the detection of breast cancer.
NutraCea (NTRZ.OB) up 7% with over 1 million shares traded.
NutraCea (NTRZ.OB) is a leader in stabilized rice bran nutrient research and dietary supplement development. Through its wholly owned subsidiary RiceX, the company manufacturers as well as distributes products and food ingredients made from Rice Bran through its proprietary technology and processes.
NutraCea,(NTRZ.OB) a health-science company, engages in the development and distribution of stabilized rice bran and proprietary rice bran formulations.
And that's our newsmakers, Stay tuned right here to QualityStocks Daily Newsletter for the latest news from small cap to large cap, and everything in between by QualityStocks.net. Where performance is tracked daily.
Thank you for tuning in, I'm Jen Hoffman, Have a great day and we'll see you tomorrow, right here on The QualityStocks Daily Report.
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