Noticed some good news today from the markets on Yahoo.com
Unemployment rates are falling in most metro areas across the country, suggesting that recent nationwide gains in hiring are widespread and not limited to a few healthy regions.
More than three-quarters of the nation’s 372 largest metro areas reported lower unemployment rates in February than the previous month, the Labor Department said Wednesday. That’s the most to report a decline since September.
And more than 300 areas added jobs in February compared to the previous month. That’s a much better showing than January, when most metro areas lost jobs.
The gains “are definitely becoming a lot more broad-based,” said Marisa DiNatale, a regional economist at Moody’s Analytics.
The metro areas that posted the biggest job gains in February, compared with the previous month, were: Los Angeles-Long Beach, with a gain of 53,600; New York City-Northern New Jersey, a gain of 18,500; and Miami-Fort Lauderdale, up 16,800.
Many big cities also saw steep drops in unemployment from January to February. The rate dropped from 9.3 percent to 8.8 percent in Phoenix; from 7.3 percent to 6.9 percent in the Austin, Texas metro area; and from 11.5 percent to 10.6 percent in Jacksonville, Fla.
Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It’s about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years.
The news puts Ford, which has now turned profits for a year and a half, even further ahead of its Detroit rivals as the American auto industry slowly turns around.
I think Ford has been successful as well because of their strategic advertising partnership with Amercian Idol and being heavily involved with internet marketing strategies. They are definitely one to watch in the Auto Industry and looking at their stock price levels today compared to the past few years it looks like Ford is a company to watch.
Unfortunately, the recovery is what most people care about at this point, and it’s been lackluster at best. Since May 2009 unemployment has fluctuated between 9.4% and 10.1%. Federal Reserve officials have said in recent months that consumer demand, the housing sector and bank lending all remain weak. Congress has yet to decide what to do about expiring tax benefits, creating uncertainty in the economy. Even the NBER, the unofficial arbiter of recession start and end dates, says that “economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.”
PEABODY, Mass., Aug. 3 /PRNewswire-FirstCall/ — PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE Amex: PHC), a leading provider of inpatient and outpatient behavioral health services, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, effective August 15, 2010, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.
“We have achieved a compelling strategic position in an emerging industry, and we are situated to benefit from the enactment of Healthcare reform legislation as more individuals will have access and a means for reimbursement of our programs,” commented Bruce A. Shear, Pioneer’s President and CEO. “We continue to grow our patient census, driving organic growth, and we believed this is the optimum time to retain Hayden IR to assist us in formulating and executing a broad program to articulate the inherent value of our business model to the investment community.”
With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.
Brett Maas, Managing Partner at Hayden IR, added, “Pioneer Behavioral Health’s proven business model and compelling growth profile will be attractive to our audience of professional investors. Pioneer’s growth has reached the point where additional revenues should more directly impact the bottom line, and this leverage in the business model creates a compelling near-term opportunity for growth-oriented investors. With pending CMS certification, the Seven Hills Behavioral Institute in Henderson, Nevada has the potential to add as much as more than five cents per year to the Company’s earnings per share and we plan to broaden the Company’s audience of potential investors in advance of this anticipated growth. The Company also has a solid balance sheet which will be attractive to value-oriented investors. Additionally, ongoing consolidation in the industry creates additional opportunities for Pioneer to accelerate its growth, which would lead to higher valuation multiples going forward. We are excited to represent Pioneer Behavioral Health and look forward to a productive relationship.”
About PHC d/b/a Pioneer Behavioral Health
PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The Company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services. Contracted services with government agencies, national insurance companies, and major transportation and gaming companies cover more than one million individuals. Pioneer helps people gain and maintain physical, spiritual and emotional health through delivering the highest quality, most culturally responsive and compassionate behavioral health care programs and services. For more information, visit www.phc-inc.com.
Statement under the Private Securities Litigation Reform Act of 1995
This press release may include “forward-looking statements” that are subject to risks and uncertainties. Forward-looking statements include information about possible or assumed future results of the operations or the performance of the Company and its future plans and objectives. Various future events or factors may cause the actual results to vary materially from those expressed in any forward-looking statements made in this press release. For a discussion of these factors and risks, see the Company’s annual report on Form 10-K for the most recently ended fiscal year.
On a positive note the market ended July with 7.1% gains in the DOW.
NEW YORK (AP) — Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Investors had an ambivalent response Friday to the government’s gross domestic product report, which showed that economic growth slowed in the April-June quarter. The Dow Jones industrial average fell almost 120 points in early trading, then ratcheted up and down until the close. The Dow ended down just a point, and the other big indexes had similarly small moves.
The day was much like the rest of July, which saw investors alternately buying on strong earnings reports and selling on weak economic numbers. The Dow rose 7.1 percent for the month. The Dow and the Standard & Poor’s 500 index both had their best months since July 2009 and their first winning months since this past April.
NEW YORK, July 6, 2010 (GLOBE NEWSWIRE) — interCLICK, Inc. (Nasdaq:ICLK), a digital audience intelligence and targeting company, today announced Dave Hills and Frank Cotroneo have been named to its Board of Directors. Both leaders bring extensive expertise and a track record of C-Level success across a range of public and Fortune 500 companies.
Dave Hills is General Partner at KPG Ventures, a venture capital and private equity firm. He is the former President & Chief Executive Officer of LookSmart, a publicly-traded online advertising and technology company. Mr. Hills previously served as President, Media Solutions at 24/7 Real Media, a leading global digital marketing company which was acquired by WPP in 2007. From 1980 to 2001 he served in various sales leadership capacities culminating in the role of Chief Operating Officer and President of Sales at About, Inc., a network of topic-specific Web sites.
Frank Cotroneo has more than 28 years of business and senior management experience. Mr. Cotroneo most recently served as Chief Operating Officer and Chief Financial Officer of NetSpend Corporation, a provider of prepaid debit card services. He is the former Chief Financial Officer of Axciom Corporation, former CFO of H&R Block, and former CFO of MasterCard International.
“We’re thrilled to be adding these two outstanding leaders to our Board of Directors,” said Michael Mathews, interCLICK’s CEO on behalf of the company’s Board and senior management team. “We look forward to benefiting from Dave and Frank’s business strategy and financial management expertise as we pursue our growth agenda.”
interCLICK is an audience intelligence and targeting company, developing and executing data-driven campaign strategies for major digital agencies and marketers. Fueled by its proprietary software, interCLICK empowers its clients to reach desirable audiences efficiently, in brand-safe environments, and at tremendous scale. interCLICK is headquartered in New York City and has offices in Chicago, Los Angeles, San Francisco, Dallas and Miami. For more information about the interCLICK Network, visit http://www.interclick.com .
CONTACT: interCLICK, Inc.
Roger Clark, CFO
Investor Relations Contact
Cover-All Technologies Inc. (OTC Bulletin Board: COVR.OB), a Delaware corporation (“Cover-All” or the “Company”), today announced that John Roblin, Chairman of the Board of Directors and Chief Executive Officer of the Company, will present at the Noble Financial Sixth Annual Equity Conference at 8:30 a.m. ET on June 7, 2010. This by-invitation-only conference will be held June 7-8, 2010 at the Seminole Hard Rock Hotel, Hollywood, Fla. Registered conference attendees may request 1-on-1 meetings with Cover-All management who will be available during the day on June 7. Please contact your Noble Financial representative to schedule a meeting.
Cover-All recently reported its 13th consecutive profitable quarter and Mr. Roblin will discuss the Company’s strong financial performance. He will also discuss the Company’s recent acquisition of Moore Stephens Business Solutions LLC (MSBS), a provider of business intelligence and advanced analytics solutions to the insurance industry based in New York. This acquisition allows Cover-All to expand into the business intelligence marketplace, adding approximately $6 million in annualized revenue, and will fuel Cover-All’s organic growth, giving it new solutions to sell to a much larger installed base. The Company is also expanding its My Insurance Center(TM) offering with exciting new capabilities that will further accelerate organic growth.
The presentation will be webcast – audio / video / PowerPoint – live, and available for viewing at www.cover-all.com (click on the “Company” tab, then “Investor Relations”) or through the Noble Financial websites at www.ontrack10.com or www.nobleresearch.com. Cover-All recommends registering at least 10 minutes prior to the start of the presentation to ensure timely access. Participants will need the SilverLight viewer (a free download from the presentation link) to participate. In addition, the webcast, transcript and written materials will be archived on the Company’s website
for 90 days following the event.
About Noble Financial
Noble Financial Capital Markets was established in 1984 and is an equity
research driven, full-service investment banking boutique focused on small-cap, emerging growth companies. The company has offices in New York, Boston, New Jersey, St Louis and Boca Raton.
About Cover-All Technologies Inc.
Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry — first to deliver PC-based commercial insurance rating and policy issuance software. Currently, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and value.
With extensive insurance knowledge, experience and commitment to quality, Cover-All continues its tradition of developing technology solutions designed to revolutionize the way the property and casualty insurance business is conducted. Additional information is available online at www.cover-all.com.
Cover-All(R), My Insurance Center(TM) (MIC) and Insurance Policy Database(TM) (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 19, 2010, copies of which are available from the SEC or may be obtained upon request from the Company.
SOURCE: Cover-All Technologies Inc.
Cover-All Technologies Inc.
Ann Massey, 973-461-5190
Chief Financial Officer
Brett Maas, 646-536-7331
Connect with Brett Maas
Hospital-revenue manager Accretive Health Inc.’s IPO was rising in its first day of trading, while Internet marketing-service firm ReachLocal Inc.’s initially dropped only to recover and trade higher.
Both companies cut their prices to get their initial public offerings done, an increasingly common trend this month amid widespread stock volatility.
Accretive opened at $12.74 a share on the New York Stock Exchange, up 6% from its IPO price of $12. A total of 10 million shares, 3.3 million less than originally planned, were sold at a price below its expected $14 to $16 range. Accretive continued to rise; it was recently changing hands at $13.54, up 13%.
ReachLocal initially traded down but bounced back above its IPO price. It opened at $12 a share on the Nasdaq Stock Market, down 7.7%, and was recently at $14.70, up 13% from its IPO price of $13. It sold 4.2 million shares below its expected range of $17 to $19.