Micro-Cap on the Move; Sweetwater Resources Inc. (CTDT)

Shares of Sweetwater Resources Inc. (OTC: CTDT), which is focusing on the commercialization of a proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds, are surging in trading today.

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Limited Brands and Saks Report Strong June Sales Results (LTD, SKS)

Retailers this week reported mixed sales results for the month of June. Declining consumer confidence and concerns over the labor market resulted in less spending from consumers in June. This hurt retailers’ sales results for the month of June.

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Facebook Settles Patent Suit with Yahoo (FB, YHOO)

Social networking giant Facebook Inc. (NASDAQ: FB) settled a patent infringement suit with Yahoo! Inc. (NASDAQ: YHOO). The two companies also said that they have entered into definitive agreements to launch a new advertising partnership, and extend and expand distribution agreements.

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