Flat Close As House Democrats Reject Current Tax Plan
The markets closed flat with the Dow slipping 2 points to 11,370 as House Democrats rejected the tax extension plan in its current form. Nasdaq rose 7 points to 2616.
On the upside
CyberDefender (Nasdaq: CYDE) will file amended financial reports and expects to regain Nasdaq compliance by December 31, 2010.
OCZ Technology Group (Nasdaq: OCZ) received a mass production quantity order for its Deneva Series MLC based enterprise storage solution.
American International Group (NYSE: AIG) finalized an agreement to repay the government bailout it received to avoid a bankruptcy many feared would lead to a global financial collapse.
On the downside
Martek Biosciences (Nasdaq: MATK) blamed higher expenses and a significant restructuring charge for swinging to a fourth quarter loss.
Air Products and Chemicals (NYSE: APD) submitted its final offer of $70 per share for Airgas (NYSE: ARG) but the bid was well below the price tag Airgas was seeking.
Oxford Industries (NYSE: OXM) reported higher third quarter earnings but the company forecast disappointing fourth quarter results.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 767.
