Mixed Close As Jobless Claims Unexpectedly Rise
The markets closed mixed with the Dow rising 14 points to 12,285 despite an unexpected gain in jobless claims as investors await corporate earnings releases. Nasdaq slipped a point to 2760.
On the upside
CDC (Nasdaq: CHINA) unit CDC Global Services will invest in a High-Tech Food Processing Park in the Zhangzhou Economic and Technology Development Zone in China.
The U. S. Patent and Trademark Office may grant a patent extension to Acorda Therapeutics' (Nasdaq: ACOR) multiple sclerosis treatment Ampyra.
Qihoo 360 Technology (NYSE: QIHU) selected The Bank of New York Mellon (NYSE: BK) as the depositary bank for the company's American depositary receipt program.
On the downside
The Bolivian government may rescind mining concessions granted to Pan American Silver (Nasdaq: PAAS) and Glencore.
RXi Pharmaceuticals (Nasdaq: RXII) will raise funds through a common stock and warrants offering.
Ciber (NYSE: CBR) announced the resignation of executive vice president of North American division Toni Hadzi effective May 1.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 827.
