World Markets Rally To Lift U. S. Markets To Higher Open
On the upside
Ferro (NYSE: FOE) amended its credit agreement to have more flexibility with the financial performance covenants.
JetBlue Airways (Nasdaq: JBLU) announced intentions to form additional international partners prompting an analyst upgrade.
Ford Motor (NYSE: F) announced that its agreement with the United Auto Workers union will yield annual savings of $500 million.
On the downside
TBS International (Nasdaq: TBSI) delayed the release of its earnings in order to complete the negotiation of covenant waivers.
Take-Two Interactive (Nasdaq: TTWO) widened first quarter losses due to higher costs and forecast disappointing second quarter results.
Collective Brands (NYSE: PSS) widened fourth quarter losses by a wide margin as sales tumbled and the company wrote down its acquisition of Stride Rite.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 375.
