Markets Mixed At Midday
The markets traded mixed during the midday with the Dow rising 47 points to 12,009 while Nasdaq eased a point to 2622 even as France and Germany finalize a financial aid package for Greece.
On the upside
Harbin Electric (Nasdaq: HRBN) refuted allegations by Citron Research against chief executive Yang Tianfu saying that the accusations were intended to drive down the stock price.
BPZ Energy (NYSE: BPZ) provided gas and oil resource estimates for its offshore Block Z-1.
Youku.com (NYSE: YOKU) will grow and expand its original content programming platform.
On the downside
Shares of Standard & Poor's parent company The McGraw-Hill Companies (NYSE: MHP) fell after the Wall Street Journal reported a Securities and Exchange Commission investigation into possible fraud charges against credit ratings agencies for their role in the mortgage meltdown.
Citigroup downgraded Research in Motion (Nasdaq: RIMM) supplier Celestica (NYSE: CLS) to a Sell rating.
Cleveland BioLabs (Nasdaq: CBLI) announced a registered direct offering to raise approximately $23.5 million.
