Abu Dhabi Bails Out Dubai

On the upside

Shares of JA Solar (Nasdaq: JASO) climbed after Dreyfus Greater China Fund manager Hugh Simon said that China will reduce greenhouse emissions and support solar initiatives.

SIGA Technologies (Nasdaq: SIGA) hosted a conference call to discuss the Biomedical Advanced Research & Development Authority's amendment to the outstanding Request for Proposal for Smallpox Antiviral for The Strategic National Stockpile.

Citigroup analyst Michael Bilerman upgraded Kite Realty Group Trust (NYSE: KRG) to a Buy rating.

On the downside

Central Pacific Financial (NYSE: CPF) agreed to the FDIC's consent order requiring the company to increase it capital position, asset quality and liquidity.

Titan International (NYSE: TWI) will offer $75 million in senior convertible notes.

EntreMed (NYSE: ENMD) warned of lower fourth quarter and full year revenue. 

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 9 points to 609.