Welcome to The Daily Stock Report...brought to you by QualityStocks.Net, performance tracked daily. I'm Cathy Rankin and for Thursday, January 11th.... we're bringing you the latest news from around the markets as well as the top movers to look out for today... In Our Headline News... The major averages finished in strong fashion Thursday as investors rallied around renewed optimism about the pace of economic growth. With six months of market gains still predicated on the chances of the Fed engineering a soft landing for the U.S. economy, today's only economic report showing no indication of any weakening in the labor market helped to ease growing concerns about the health of the consumer. In our small cap headlines today... City Telecom and Hong Kong Broadband Network Ltd. ("HKBN"), a wholly owned subsidy of City Telecom assisted with rapid response from staff and business partners, was one of the first service providers to restore overseas telecommunications service Due to the Earthquake in Taiwan on 26 December 2006. Most HKBN customers were able to resume their essential Internet services within two days, the majority of Hong Kong Internet users are still negatively impacted, even until today. This highlights the deficiency in the industry's existing telecommunication services' arrangements & contingency planning. Previously at $2.57 a share, CITY Telcom opens their day up 69% or $4.35 a share with over 4 Million shares traded by Thursdays close. Prime Time Group Inc. is additionally investigating growth opportunities in Australia, Latin America, the Caribbean, and the Dominican Republic as well as the developing markets in Asia. Prime Time... previously at $0.12 cents a share opens their day up 37% or $0.16 cents a share with over 1 Million shares traded by Thursdays close. eFoodSafety.com, Inc. announced today that its wholly-owned subsidiary, Knock-Out Technologies and the United States Department of Agriculture (USDA) are working on a licensing agreement on the company's patent-pending parasitic product, OraPhyte, a product derived from the Company's patented Citroxin product that kills and controls plant-parasitic Nematodes. The microscopic worms cause an estimated crop loss of $100 billion dollars globally. In the U.S., farmers face over $10 billion in annual losses due to Nematodes, without an acceptable solution currently available. Previously at $0.18 cents a share, e-food safety opens their day up 23% or $0.22 cents a share with over 5 Million Shares traded. And that's it for the news makers... Be sure to join us every market day for the latest commentary... on small cap to large cap and everything in between brought to you by Quality Stocks. Net. Also be sure to watch for "The QualityStocks Daily Newsletter" available each trading day through QualityStocks.Net Thank you for tuning in, I'm Cathy Ranking. Have a great day and we'll see you next Monday...right here on the daily report.
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Added: Sep 24, 2007 |
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