September 2012 Archives

A disappointingly small gain in consumer sentiment weighed the markets down to a lower close with the Dow falling 48 points to 13,437. Nasdaq dropped 20 points to 3116.

On the upside

Bloomberg reported that Allscripts Healthcare Solutions (Nasdaq: MDRX) engaged in discussions with several private equity firms for a possible acquisition. 

Shares of Qualys (Nasdaq: QLYS) climbed on its first trading day.

Oppenheimer & Co. said that New Oriental Education & Technology (NYSE: EDU) had been cooperating with the Securities and Exchange Commission in an investigation into the education company's financial statements.

On the downside

Nokia (NYSE: NOK) lowered prices on its Lumia 800 and Lumia 900 smartphones.

Dell (Nasdaq: DELL) completed its acquisition of Quest Software.

TheStreet affirmed its Hold rating for Vale (NYSE: VALE).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 837.
The markets recovered earlier losses but continued trading lower with the Dow falling 48 points to 13,437 as stress tests of Spanish banks revealed a shortfall of $76.3 billion. Nasdaq slipped 11 points to 3125.

On the upside

Cytori Therapeutics (Nasdaq: CYTX) won a contract from the Department of Health and Human Service's Biomedical Advanced Research and Development Authority worth up to $106 million to develop a treatment for thermal burns combined with radiation injury. 

Medtronic will pay approximately $816 million to acquire orthopedic devices maker China Kanghui Holdings (NYSE: KH).

Facebook (Nasdaq: FB) introduced its Gifts service to a segment of its users allowing users to send real gifts to their friends.

On the downside

Shares of Catalyst Pharmaceutical Partners (Nasdaq: CPRX) continued falling after announcing on Wednesday that midstage clinical trial data from a cocaine addiction study would be delayed.

Iridium Communications (Nasdaq: IRDM) priced a private offering of convertible preferred stock at $100 per share.

Bank of America (NYSE: BAC) agreed to settle a shareholder lawsuit over the bank's acquisition of Merrill Lynch by paying $2.43 billion.

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 839.
The markets opened sharply lower with the Dow plunging 113 points to 13,372 as consumer sentiment rose less than expected in September. Nasdaq dropped 24 points to 3112.

On the upside

Research in Motion (Nasdaq: RIMM) fell to a loss for the second quarter but the results were better than expected. 

Questcor Pharmaceuticals (Nasdaq: QCOR) declared an initial quarterly dividend of 20 cents per share payable on November 15, 2012 to shareholders of record October 31, 2012. The company also increased its stock repurchase program to 7 million shares.

Fourth quarter earnings fell for Accenture (NYSE: ACN) but the results beat expectations.

On the downside

Adtran (Nasdaq: ADTN) warned that third quarter results would fall short of expectations.

Time Warner (NYSE: TWX) will sell 46.4 million shares of Clearwire (Nasdaq: CLWR) that it owns.

Peregrine Pharmaceuticals (NYSE: PPHM) defaulted on a $30 million loan.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 837.
The markets closed higher with the Dow climbing 72 points to 13,485 as Spain introduced a 2013 budget containing across the board spending cuts. Nasdaq soared 42 points to 3136.

On the upside

First Solar (Nasdaq: FSLR) will build four solar power plants totaling 20 megawatts in New Mexico. 

AspenBio Pharma (Nasdaq: APPY) will begin a clinical trial of its blood-based appendicitis test in the fourth quarter.

Eagle Materials (NYSE: EXP) will pay approximately $446 million to purchase two cement plants.

On the downside

Profit taking sank shares of Life Partners Holdings (Nasdaq: LPHI).

Shares of RadioShack (NYSE: RSH) continued falling after chief executive James Gooch resigned earlier this week.

Actuant (NYSE: ATU) fell to a loss for the fourth quarter and forecast current quarter results below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 843.

Drop In Jobless Claims Lifts Markets

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The markets advanced during the midday with the Dow gaining 58 points to 13,471 as jobless claims dropped last week. Nasdaq climbed 32 points to 3126.

On the upside

StemCells (Nasdaq: STEM) enrolled its first patient with an incomplete spinal cord injury in a Phase I/II clinical trial and translated neural stem cells in the patient. 

Discover Financial Services (NYSE: DFS) reported lower third quarter earnings but the results surpassed analyst expectations.

Third quarter earnings slipped for Progress Software (Nasdaq: PRGS) but the results beat expectations.

On the downside

Cepheid (Nasdaq: CPHD) warned that third quarter revenue will miss expectations.

H.B. Fuller (NYSE: FUL) reported higher third quarter earnings but the specialty chemicals company lowered its revenue guidance for the full year.

United Continental (NYSE: UAL) warned that passenger revenue will drop in the third quarter.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 841.
A drop in first time applications for unemployment benefits lifted the markets to a higher open with the Dow rising 13 points to 13,427. Nasdaq gained 14 points to 3108.

On the upside

Tempur-Pedic (NYSE: TPX) will pay a premium of approximately $242 million to acquire Sealy (NYSE: ZZ). 

Alpha Natural Resources (NYSE: ANR) will offer approximately $500 million in senior notes.

Royale Energy (Nasdaq: ROYL) said that test wells in the Prudhoe Bay oil field in Alaska successfully discovered oil.

On the downside

Peregrine Pharmaceuticals (Nasdaq: PPHM) has enough capital to run operations until April 2013.

Shares of Savient Pharmaceuticals (NYSE: SVNT) continued falling after announcing grants made to chief financial officer John P. Hamill.

Robbins Geller Rudman & Dowd filed a class action lawsuit against Questcor Pharmaceuticals (Nasdaq: QCOR) alleging securities fraud.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 835.
The markets closed lower with the Dow losing 44 points to 13,413 as investors monitored protests against austerity measures in Spain and Greece. Nasdaq tumbled 24 points to 3093.

On the upside

Dean Foods (NYSE: DF) will explore the possibility of selling its Morningstar unit. 

7 Days Group (NYSE: SVN) received an offer to take the company private in a deal valued at approximately $634.7 million.

GuruFocus listed Molycorp (NYSE: MCP) as a bargain of the week.

On the downside

Savient Pharmaceuticals (Nasdaq: SVNT) granted restricted shares and performance based options to newly appointed chief financial officer John P. Hamill.

A federal judged ruled that Assured Guaranty produced enough evidence to move forward with its case against Flagstar Bank (NYSE: FBC) for breaching contracts.

Mitek Systems (Nasdaq: MITK) filed a patent infringement suit against Top Image Systems.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 833.

European Woes Weigh Down Markets

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Concerns that austerity measures in Europe will be derailed by protesters sent the markets down during the midday with the Dow slipping 4 points to 13,453. Nasdaq dropped 20 points to 3096.

On the upside

American Greetings (NYSE: AM) chief executive Zev Weiss led a group of investors that offered $581 million to take the greeting card company private. 

Bargain hunters lifted shares of Knight Capital Group (NYSE: KCG) whose stock price fell yesterday after Forbes reported that August trading volume plummeted 44% compared with July volume after a computer error on August 1 cost the company $440 million.

Alpha Natural Resources' (NYSE: ANR) Centre County Strips mine received the Sentinels of Safety Award from the National Mining Association.

On the downside

Gevo (Nasdaq: GEVO) stock extended its losses after announcing plans to halt isobutanol production to switch to ethanol.

NuPathe (Nasdaq: PATH) will sell $28 million worth of securities through a private placement.

Blyth (NYSE: BTH) nutritional supplement unit ViSalus withdrew its proposal for an initial public offering.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 834.

Protests Weigh Down Markets

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Protests against austerity measures in Greece and Spain weighed the markets down to a lower open with the Dow losing 24 points to 13,432. Nasdaq tumbled 28 points to 3089.

On the upside

Sterne Agee & Leach analyst Shaw Wu said that Research in Motion (Nasdaq: RIMM) may top lowered expectations for the second quarter. 

Bargain hunters continued to lift shares of Peregrine Pharmaceuticals (Nasdaq: PPHM), whose stock price plunged on Monday after revealing discrepancies in a drug trial.

A judged ruled in favor of Life Partners Holdings (Nasdaq: LPHI) in a suit filed by Texas Attorney General Greg Abbott that the company deceived buyers of interests in life insurance policy settlements.

On the downside

Catalyst Pharmaceutical Partners (Nasdaq: CPRX) announced that results from a Phase II(b) clinical trial of its cocaine addiction treatment CPP-109 will be delayed.

Jabil Circuit (NYSE: JBL) disappointed with lower fourth quarter earnings that fell short of analyst expectations and forecast current quarter results below estimates.

Fortinet (Nasdaq: FTNT) chief financial officer Ken Goldman will join Yahoo (Nasdaq: YHOO) as its new chief financial officer on October 22.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 837.
The markets closed sharply lower with the Dow plunging 101 points to 13,457 as demonstrators protested in front of Spain's Parliament. Nasdaq plummeted 43 points to 3117.

On the upside

Vail Resorts (NYSE: MTN) reported a smaller than expected loss for the fourth quarter. 

LeapFrog's (NYSE: LF) LeapPad2 was named a top holiday toy by WalMart and The Toy Insider.

Chimera Investment (NYSE: CIM) will trade ex-dividend on Thursday, September 27, 2012.

On the downside

Star Scientific (Nasdaq: STSI) settled its patent infringement suit against R.J. Reynolds (NYSE: RAI).

Swisher Hygiene (Nasdaq: SWSH) warned that it will not be able to file financial reports by an extended deadline of September 26, 2012 and may be delisted by Nasdaq.

Avondale downgraded Headwaters (NYSE: HW) to a Market Perform rating.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 42 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 12 points to 839.

Caterpillar Cuts Outlook, Markets Lower

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Caterpillar cut its outlook for 2015 renewing concerns about the global economic recovery. The markets traded lower during the midday with the Dow slipping 21 points to 13,537. Nasdaq lost 7 points to 3153.

On the upside

TheStreet affirmed its Buy rating on Las Vegas Sands (NYSE: LVS). 

Antares Pharma (Nasdaq: ATRS) reported upbeat clinical trial results for its Actual Human Use study for VIBEX Methotrexate to treat rheumatoid arthritis.

DARA BioSciences (Nasdaq: DARA) signed agreements that provide the company with comprehensive commercial coverage across the national oncology market.

On the downside

Tesla Motors (Nasdaq: TSLA) blamed slower than expected production of its Model S sedan for cutting its revenue outlook for 2012.

Lexmark International (NYSE: LXK) will replace RadioShack (NYSE: RSH) on the S&P MidCap 400.

Gevo (Nasdaq: GEVO) will halt production of isobutanol from corn and will begin production of ethanol.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 848.
A greater than expected jump in consumer confidence lifted the markets to a higher open with the Dow rising 38 points to 13,598. Nasdaq gained 9 points to 3169.

On the upside

Sidewinder Drilling will pay a premium of approximately $139 million to acquire Union Drilling (Nasdaq: UDRL). 

Bargain hunters lifted shares of Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price plummeted yesterday after warning of discrepancies in a lung cancer drug trial.

Genetic Technologies (Nasdaq: GENE) received clearance to sell its breast cancer genetic test BREVAGen in Florida.

On the downside

Staples (Nasdaq: SPLS) will close approximately 60 stores worldwide and focus on its online business.

Odyssey Marine Exploration (Nasdaq: OMEX) blamed weather conditions for deferring recovery work on two shipwrecks until the second quarter of 2013.

Key Energy Services (NYSE: KEG) warned that third quarter revenue would fall short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 856.
The markets closed lower with the Dow slipping 20 points to 13,558 as Germany's business climate index fell to a two year low. Nasdaq fell 19 points to 3160.

On the upside

Savient Pharmaceuticals (Nasdaq: SVNT) named former PharmaNet Development group chief financial officer John Hamill to the position of chief financial officer. 

Stifel Nicolaus analyst Christopher Mutascio said that Wells Fargo (NYSE: WFC) should acquire CIT Group (NYSE: CIT).

Yahoo (Nasdaq: YHOO) chief executive Marissa Mayer will announced turnaround plans for the company tomorrow.

On the downside

Shares of social gaming developer Zynga (Nasdaq: ZNGA) fell after Barron's said that Facebook (Nasdaq: FB) was only worth $15.

GT Advanced Technologies (Nasdaq: GTAT) will offer up to $175 million in convertible senior notes.

Cobalt International (NYSE: CIE) halted production testing at its Cameia No. 2 well in order to repair the positioning system in a drilling rig.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 point to 851.
Global economic concerns weighed the markets down during the midday with the Dow slipping 28 points to 13,551. Nasdaq lost 22 points to 3157.

On the upside

A judge ruled that while Rambus (Nasdaq: RMBS) did destroy documents, its patents were valid and infringed upon by SK Hynix. 

The Internet Radio Fairness Act should lower royalty payment rates for Pandora Media (NYSE: P).

Credit Suisse lifted its price target on Rock-Tenn (NYSE: RKT) from $73 to $82.

On the downside

Goldman Sachs downgraded Veeco Instruments (Nasdaq: VECO) to a Sell rating.

Vonage Holdings' (NYSE: VG) early investor New Enterprise Associates distributed 5.8 million of its common shares in Vonage to limited partners of its funds.

Shares of Suntech (NYSE: STP) fell after SoloPower secured a $197 million government loan guarantee.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 854.
A drop in Germany's business climate weighed the markets down to a lower open with the Dow losing 48 points to 13,531. Nasdaq fell 23 points to 3156.

On the upside

Verizon Communications (NYSE: VZ) will settle a patent infringement suit by paying more than $250 million to TiVo (Nasdaq: TIVO). 

Credit Suisse lifted its price target on International Paper (NYSE: IP) from $40 to $44.

Digital River (Nasdaq: DRIV) will pay approximately $102.8 million in cash to acquire LML Payment Systems (Nasdaq: LMLP).

On the downside

Peregrine Pharmaceuticals (Nasdaq: PPHM) discovered major discrepancies in a Phase II trial of its lung cancer treatment bavituximab conducted by a third party.

The federal government launched an investigation into the marketing practices of Questcor Pharmaceuticals (Nasdaq: QCOR).

Barron's wrote over the weekend that Facebook (Nasdaq: FB) was only worth $15.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 852.

Mixed Close As Trade Expansion Trimmed

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The markets closed mixed with the Dow slipping 17 points to 13,579 as World Trade Organization economists trimmed their trade expansion forecasts. Nasdaq added 4 points to 3179.

On the upside

Dehaier Medical Systems (Nasdaq: DHRM) will supply air compressors and customized trolleys to a medical equipment manufacturer in Ukraine. 

The Home Builders Association of Maryland named Beazer Homes' (NYSE: BZH) Greenspring at Quarry Lake in Baltimore County as Project of the Year, multiuse.

Forbes named Western Asset Mortgage Capital (NYSE: WMC) as the top dividend stock where insiders have purchased company stock within the past six months.

On the downside

MicroVision (Nasdaq: MVIS) chief financial officer Jeff Wilson resigned.

KeyBanc Capital Markets downgraded Goodyear Tire (NYSE: GT) to a Hold rating.

Wells Fargo downgraded Celanese (NYSE: CE) to a Market Perform rating.

In the broad market, advancing issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks added 4 points to 855.

Global iPhone 5 Launch Lifts Markets

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The global launch of Apple's iPhone 5 lifted the markets higher during the midday with the Dow rising 27 points to 13,624. Nasdaq gained 14 points to 3194.

On the upside

KB Home (NYSE: KBH) reversed year ago losses to post an unexpected profit for the third quarter. 

A secondary offering of Thermon Group (NYSE: THR) stock was increased to 10 million shares and priced at $22 per share.

Standpoint Research downgraded MetroPCS (NYSE: PCS) to a Hold rating but the stock price rose.

On the downside

An outage of Research in Motion's (Nasdaq: RIMM) Blackberry service occurred for several hours in Africa, Europe and the Middle East.

Motley Fool said that Nokia's (NYSE: NOK) turnaround under chief executive Stephen Elop was not effective due to continued declines in revenue and smartphone sales.

KeyCorp downgraded Cooper Tire & Rubber (NYSE: CTB) to a Hold rating.

In the broad market, advancing issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 858.
The markets opened higher with the Dow gaining 48 points to 13,645 as sales of the Apple iPhone 5 began in Asia. Nasdaq rose 18 points to 3194.

On the upside

Apple's (Nasdaq: AAPL) iPhone 5 uses power amplifier modules from Skyworks Solutions (Nasdaq: SWKS). 

Michael Kors (NYSE: KORS) lifted its earnings guidance for the second quarter and full year.

The Food and Drug Administration will allow ViroPharma (Nasdaq: VPHM) and Halozyme Therapeutics (Nasdaq: HALO) to resume clinical trials of their hereditary angioedema treatment Cinryze.

On the downside

Vivus (Nasdaq: VVUS) warned that European regulators may reject its obesity treatment Qsiva.

Green Mountain Coffee Roasters (Nasdaq: GMCR) named Michael Jacobs to the position of chief logistics officer and Michael Cunningham as chief information officer.

Moody's Investors Service downgraded Blyth (NYSE: BTH) to a Negative rating.

In the broad market, advancing issues outpaced advancers by a margin of nearly 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 859.

Mixed Close Even As Mortgage Rates Fell

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The markets closed mixed with the Dow gaining 18 points to 13,596 as record low mortgage rates tempered concerns of a global economic slowdown. Nasdaq slipped 6 points to 3175.

On the upside

Shares of Trulia (NYSE: TRLA) soared on its first trading day. 

BPZ Energy (NYSE: BPZ) chief executive officer Manolo Zunyiga will present at the IPAA Oil & Gas Conference on Tuesday, September 25, 2012 while chief operating officer Richard Spies will present at the Westlake Securities, New Frontiers in Energy Conference on Tuesday, September 25, 2012.

Owens Corning (NYSE: OC) introduced a new digital Division 22/23 Mechanical Manufacturer's Guide eBook for clients to access product information.

On the downside

Starbucks (Nasdaq: SBUX) will begin selling its single serve Verismo for $199 this week sending shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) tumbling.

Jefferies Group (NYSE: JEF) reported higher third quarter earnings but the results fell short of expectations.

CarMax (NYSE: KMX) disappointed with second quarter earnings that missed analyst estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 851.
The markets traded flat during the midday with the Dow slipping 4 points to 13,573 as the global economy continued to slow. Nasdaq lost 11 points to 3171.

On the upside

Questcor (Nasdaq: QCOR) said that Aetna's (NYSE: AET) decision to limit reimbursements for Acthar did not would not materially impact coverage. 

NII Holdings (Nasdaq: NIHD) chief executive Steve Dussek increased his stake in the company by 12%.

A Seeking Alpha contributor expects ACADIA Pharmaceuticals' (Nasdaq: ACAD) pimavanserin to be the first antipsychotic to be approved to treat Parkinson's Disease Psychosis.

On the downside

Skyworks Solutions (Nasdaq: SWKS) lifted its fourth quarter earnings outlook but the stock price fell.

J.C. Penney (NYSE: JCP) chief executive Ron Johnson warned that challenges would continue for the retailer.

Norfolk Southern (NYSE: NSC) warned that third quarter results would drop.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 851.
Manufacturing in China fell and new business and services contracted in Europe to weigh the markets down to a lower open with the Dow losing 44 points to 13,533. Nasdaq fell 17 points to 3164.

On the upside

Chimera Investment (NYSE: CIM) declared a quarterly dividend of 9 cents per common share payable on October 29, 2012 to shareholders of record September 27, 2012. 

ConAgra (NYSE: CAG) reported higher first quarter earnings that beat analyst expectations as sales rose prompting the food company to lift its full year guidance.

Exxon Mobile (NYSE: XOM) will purchase Denbury Resources' (NYSE: DNR) Bakken shale fields for approximately $1.6 billion in cash.

On the downside

Horizon Pharma (Nasdaq: HZNP) priced its public offering of approximately 21.4 million units at $3.50 per unit.

Ascent Solar Technologies (Nasdaq: ASTI) priced its public offering of more than 9.1 million common shares t the discounted price of $1.20 per share.

Bed Bath & Beyond (Nasdaq: BBBY) disappointed with lower second quarter earnings that fell short of analyst expectations and forecast third quarter earnings below estimates.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 848.
New home construction rose and sales of existing homes soared to lift the markets to a higher close with the Dow rising 13 points to 13,577. Nasdaq gained 4 points to 3182.

On the upside

Groupon (Nasdaq: GRPN) introduced its Groupon Payments credit card payment service for retailers that offer Groupon daily deals. 

Shares of wireless service providers Sprint (NYSE: S), Clearwire (Nasdaq: CLWR), MetroPCS (NYSE: PCS) and Leap Wireless (Nasdaq: LEAP) all climbed after Sprint chief executive Dan Hesse said that the industry will consolidate.

BB&T Capital Markets upgraded Chiquita Brands (NYSE: CQB) to a Buy rating.

On the downside

Citron Research reported that Aetna (NYSE: AET) would stop reimbursing for Questcor Pharmaceuticals' (Nasdaq: QCOR) Acthar gel except for treating infantile spasms.

Primero Mining (NYSE: PPP) announced a secondary offering of approximately 8.4 million common shares held by Goldcorp.

Swift Energy (NYSE: SFY) blamed Hurricane Isaac for lowering its full year production guidance.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 856.

Markets Rise On Upbeat Housing Data

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Upbeat housing data lifted the markets during the midday with the Dow gaining 39 points to 13,604. Nasdaq added a point to 3179.

On the upside

The Paragon Report issued a research report saying that DryShips (Nasdaq: DRYS) will benefit from increased iron ore demand in China. 

New home construction climbed 2.3% in August to lift shares of PulteGroup (NYSE: PHM) and Beazer Homes (NYSE: BZH).

United Airlines (NYSE: UAL) launched its new pre-screening initiative Transportation Security Administration's PreCheck at Newark Liberty International Airport and Dulles International Airport.

On the downside

Bank of America downgraded Idenix Pharmaceuticals (Nasdaq: IDIX) to a Neutral rating and lowered its price target from $8 to $6.

Investors locked in profits on DARA Biosciences (Nasdaq: DARA), whose stock price rose after securing the exclusive U. S. commercial rights to Helsinn's oral mucositis treatment Gelclair.

Profit taking sank shares of Catalyst Pharmaceutical Partners (Nasdaq: CPRX).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE while advancers were on par with decliners on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 856.
A sharp gain in existing home sales lifted the markets to a higher open with the Dow rising 28 points to 13,592. Nasdaq slipped 3 points to 3174.

On the upside

Cypress Semiconductor (Nasdaq: CY) will pay a premium of approximately $109.8 million in cash to acquire Ramtron International (Nasdaq: RMTR). 

Goldman Sachs analyst Simona Jankowski upgraded Corning (NYSE: GLW) to a Buy rating and lifted her price target from $14 to $16.

Deutsche Bank initiated coverage of Achillion Pharmaceuticals (Nasdaq: ACHN) with a Buy rating.

On the downside

Shares of Deckers Outdoors (Nasdaq: DECK) continued falling after Sterne Agee analyst Sam Poser warned of disappointing Uggs sales on Monday.

Citron reported that Aetna (NYSE: AET) will not reimburse for Questcor's (Nasdaq: QCOR) Achtar when used to treat multiple sclerosis and nephrotic syndrome.

JPMorgan downgraded Waste Management (NYSE: WM) to an Underweight rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 858.

Flat Close Over Economic Weakness

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The markets closed flat with the Dow rising 11 points to 13,564 despite retreating crude oil prices as corporations warned of economic weakness. Nasdaq eased a fraction to 3177.

On the upside

Stockpickr listed Catalyst Pharmaceutical Partners (Nasdaq: CPRX) as one of five stocks under $5 with much upward momentum. 

TheStreet said that Nanosphere (Nasdaq: NSPH) was a biotechnology stock with low risk but high growth potential.

BWS Financial upgraded SciClone Pharmaceuticals (Nasdaq: SCLN) to a Buy rating.

On the downside

Time Warner Cable (NYSE: TWC) plans to sell its entire 7.8% stake in Clearwire (Nasdaq: CLWR).

Louisiana-Pacific (NYSE: LPX) rival Georgia-Pacific will begin production at a new Clarendon County, South Carolina facility in the first quarter of 2013.

Deutsche Bank downgraded WMS Industries (NYSE: WMS) to a Sell rating and cut its price target from $15 to $13.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 856.

Markets Lower On Corporate News

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Disappointing corporate news weighed the markets down during the midday with the Dow losing 11 points to 13,541. Nasdaq slipped 5 points to 3173.

On the upside

Topeka Capital analyst Brian White expects F5 Networks (Nasdaq: FFIV) to increase its market share. 

Motley Fool expects Molycorp (NYSE: MCP) to benefit from the Federal Reserve's new bond purchasing program.

Shares of DARA Biosciences (Nasdaq: DARA) continued rising after receiving exclusive U. S. commercial rights to Helsinn Group's oral mucositis treatment Gelclair last week.

On the downside

Sterne Agee analyst Sam Poser affirmed his Underperform rating on Deckers Outdoor (Nasdaq: DECK) citing disappointing sales of the company's Uggs sheepskin boots.

Stifel Nicolaus downgraded MCG Capital (Nasdaq: MCGC) to a Sell rating.

HNI (NYSE: HNI) warned that third quarter earnings and revenue will fall short of expectations.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 857.
The markets opened mixed with the Dow adding 6 points to 13,559 while Nasdaq eased a point to 3177 as investors monitored crude oil prices.

On the upside

Anthera Pharmaceuticals (Nasdaq: ANTH) will submit Phase 3 trial protocols for its lupus treatment blisibimod. 

Energizer Holdings (NYSE: ENR) will save approximately $175 to $200 million by streamlining processes, eliminating jobs and reducing expenses.

Velti (Nasdaq: VELT) secured a 2-year, $27 million mobile marketing technology contract.

On the downside

Advanced Micro Devices (NYSE: AMD) chief financial officer Thomas Seifert resigned.

OCZ Technology Group (Nasdaq: OCZ) announced the resignation of president and chief executive officer Ryan Petersen and appointed executive vice president and chief marketing officer Alex Mei as interim chief executive.

ExactTarget (NYSE: ET) priced its follow-on public offering of 7.5 million common shares at the discounted price of $22.50 per share.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped a point to 857.
A contraction in New York manufacturing activity weighed the markets down to a lower close with the Dow dropping 40 points to 13,553. Nasdaq slipped 8 points to 3178.

On the upside

A Seeking Alpha contributor listed Savient Pharmaceuticals (Nasdaq: SVNT) as one of three best biotech stocks of the week. 

Waste Connections (NYSE: WCN) will pay approximately $1.3 billion in cash to acquire R360 Environmental Solutions.

A Seeking Alpha contributor expects Catalyst Pharmaceutical Partners (Nasdaq: CPRX) to report upbeat results from a Phase IIb trial of its cocaine and methamphetamine addiction treatment CPP-109 by the end of September, four months ahead of expectations.

On the downside

AK Steel (NYSE: AKS) warned on Friday of a larger than expected loss for the third quarter.

Longbow Research downgraded Rock-Tenn (NYSE: RKT) to a Neutral rating.

B. Riley & Co. analyst Ian Corydon downgraded Globe Specialty Metals (Nasdaq: GSM) to a Neutral rating from Buy.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 858.
The markets extended its losses during the midday with the Dow falling 38 points to 13,554 as manufacturing activity in New York contracted. Nasdaq lost 12 points to 3174.

On the upside

A federal court ruled in favor of Jazz Pharmaceuticals (Nasdaq: JAZZ) after holding a Markman hearing. 

Rosetta Genomics (Nasdaq: ROSG) will host a business update conference call on Tuesday, October 2, 2012.

Shares of Renewable Energy Group (Nasdaq: REGI) soared after the Environmental Protection Agency increased the renewable volume obligation for 2013 to 1.28 billion gallons.

On the downside

A Motley Fool article said that investors should not buy Pandora Media (NYSE: P).

Motley Food warned investors to avoid Majesco Entertainment (Nasdaq: COOL).

Nvidia (Nasdaq: NVDA) mobile business division general manager Mike Rayfield left the chip maker to join an undisclosed company.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 6 points to 858.

Profit Taking Weighs Down Markets

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The markets opened lower with the Dow losing 15 points to 13,578 as investors locked in profits from last week's rally. Nasdaq slipped 6 points to 3180.

On the upside

BGI-Shenzhen will pay a premium of approximately $117.6 million to acquire Complete Genomics (Nasdaq: GNOM). 

IRIS International (Nasdaq: IRIS) will be acquired by Danaher (NYSE: DHR) for approximately $338 million including the assumption of debt.

Starboard Value acquired a 13.3% stake in Office Depot (NYSE: ODP) saying that the stock was undervalued.

On the downside

Threshold Pharmaceuticals (Nasdaq: THLD) reported that the median survival of patients treated with TH-302 and gemcitabine compared with gemcitabine alone was not statistically significant.
 
Profit taking sank shares of Cliffs Natural Resources (NYSE: CLF).

Evercore added Groupon (Nasdaq: GRPN) to its Conviction Sell list.

In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks fell 5 points to 859.

Higher Close Over Fed's Plan

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The markets closed higher with the Dow rising 53 points to 13,593 as investors embraced the Federal Reserve's plan to enact further measures to stimulate the stagnant economy. Nasdaq gained 28 points to 3183.

On the upside

Reuters reported that Groupon (Nasdaq: GRPN) will expand its international deals. 

IAMGOLD (NYSE: IAG) increased its private placement offering from $500 million aggregate principal amount of senior unsecured notes to $659 million aggregate principal amount of notes.

On Assignment (NYSE: ASGN) priced a public secondary offering of more than 5 million common shares at the discounted price of $17 per share.

On the downside

Valeant Pharmaceuticals (NYSE: VRX) will syndicate an additional $1 billion of incremental term B loans.
 
Investors locked in profits on Quiksilver (NYSE: ZQK) whose stock price rose yesterday after an upgrade.

Shares of Swift Transportation (NYSE: SWFT) and Knight Transportation (NYSE: KNX) both fell after rival transportation services company Werner Enterprises (Nasdaq: WERN) warned that third quarter earnings would fall short of expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 864.
Continued enthusiasm for additional stimulus measures by the Federal Reserve lifted the markets higher during the midday with the Dow gaining 70 points to 13,610. Nasdaq climbed 37 points to 3193.

On the upside

OfficeMax's (NYSE: OMX) agreement to extinguish non-recourse liability related to Lehman-backed timber notes was finalized. 

Greenlight Capital acquired a 36.2% stake in BioFuel Energy (Nasdaq: BIOF).

Shares of Pandora Media (NYSE: P) rose after Apple (Nasdaq: AAPL) failed to announce its own music streaming service yesterday.

On the downside

AK Steel (NYSE: AKS) warned that third quarter losses will be greater than expected.
 
Shares of US Airways (NYSE: LCC) continued falling after increasing ticket prices on certain routes.

Cell Therapeutics (Nasdaq: CTIC) extended its losses after Motley Fool wrote yesterday that the stock was expected to drop.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 865.

Continued QE3 Enthusiasm Lifts Markets

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The markets opened higher with the Dow climbing 90 points to 13,630 as enthusiasm continued over the Federal Reserve's third round of stimulus measures. Nasdaq gained 34 points to 3190.

On the upside

Fortune reported that Staples (Nasdaq: SPLS) may be taken private. 

During Mad Money TV's Lightening Round, Jim Cramer said to buy Cliff Natural Resources (NYSE: CLF).

Mechel (NYSE: MTL) engaged in discussions to sell a stake in its Siberian coal deposit.

On the downside

ParkerVision (Nasdaq: PRKR) will sell more than 4.38 million shares of common stock at the discounted price of $2.30 per share in a registered direct offering.
 
Raymond James downgraded Spirit Airlines (Nasdaq: SAVE) to a Market Perform rating.

Werner Enterprises (Nasdaq: WERN) forecast third quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 866.

Investors Embrace QE3

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The Federal Reserve's third round of stimulus measures sent the markets soaring to a sharply higher close with the Dow leaping 206 points to 13,539. Nasdaq surged 41 points to 3155.

On the upside

Shares of Sunesis Pharmaceuticals (Nasdaq: SNSS) continued climbing after announcing an increase to the sample size of its Phase 3 VALOR trial on Tuesday. 

InformationWeek named Arch Coal (NYSE: ACI) one of its 2012 InformationWeek 500 which recognizes innovative users of business technology.

Rising silver prices lifted shares of Hecla Mining (NYSE: HL) and Silvercorp Metals (NYSE: SVM).

On the downside

Morgan Stanley analyst Jay Sole downgraded Skullcandy (Nasdaq: SKUL) to an Equal Weight rating and cut his price target to $15 from $21.
 
The Motley Fool CAPS investing community gave Cell Therapeutics (Nasdaq: CTIC) its lowest rating of one star.

US Airways (NYSE: LCC) followed the lead of Southwest (NYSE: LUV) by increasing roundtrip airfares by $10 on approximately 10% of its routes.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 853.

QE3 Boosts Markets At Midday

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The Federal Reserve announced a third round of quantitative easing to boost the markets during the midday with the Dow soaring 105 points to 13,438. Nasdaq climbed 30 points to 3145.

On the upside

A Seeking Alpha contributor expects Heckmann (NYSE: HEK) stock to climb. 

A poll conducted by Sina (Nasdaq: SINA) indicated that only 27% of Chinese would purchase Apple's (Nasdaq: AAPL) new iPhone 5, which lifted shares of Nokia (NYSE: NOK).

A Seeking Alpha contributor listed Alpha Natural Resources (NYSE: ANR) as a stock under $7 with the potential to double.

On the downside

Investors locked in profits on National Bank of Greece (NYSE: NBG), whose stock price rose yesterday on Germany's support of the euro zone bailout fund.
 
Motley Fool wrote that Zynga (Nasdaq: ZNGA) needed to change its business model in order to survive.

An appeals court ruled against Chesapeake Energy (NYSE: CHK) and let stand a $19.7 million judgment against the natural gas and oil company.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 853.

Higher Open Ahead Of Fed's Announcement

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The markets opened higher with the Dow rising 14 points to 13,347 ahead of the Federal Reserve's decision to possibly support another round of stimulus measures. Nasdaq added 2 points to 3116.

On the upside

Equinix (Nasdaq: EQIX) will convert to a real estate investment trust by January 1, 2015. 

Vical (Nasdaq: VICL) licensed its DNA immunization technology and Vaxfectin adjuvant to Bristol-Myers Squibb.

Fourth quarter earnings slipped for Pall (NYSE: PLL) but the results surpassed analyst expectations and the company forecast 2013 results ahead of estimates.

On the downside

Pluristem Therapeutics (Nasdaq: PSTI) priced its public offering of 8 million units.
 
Halcon Resources (NYSE: HK) announced the pricing of a secondary offering of 35 million common shares at the discounted price $7.00 per share.

FirstMerit (Nasdaq: FMER) will acquire Citizens Republic Bancorp (Nasdaq: CRBC) in a stock transaction valued at approximately $912 million.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 844.
The markets closed modestly with the Dow rising 9 points to 13,333 after Germany's higher court supported the European bailout fund. Nasdaq gained 9 points to 3114.

On the upside

Monster Worldwide (NYSE: MWW) is searching for a Social Media Driver to promote the Marussia F1 Team at the U. S. Grand Prix in Austin, Texas through social media. 

Dole Food (NYSE: DOLE) engaged in discussions to sell its packaged foods and Asia fresh businesses to Itochu.

Mindspeed Technologies (Nasdaq: MSPD) lifted its revenue outlook for the fourth quarter.

On the downside

Plans by Brazil to lower energy expenses weighed down shares of energy companies Cia Energetica de Minas Gerais (NYSE: CIG), Centrais El (NYSE: EBR) and Companhia Paranaense de Energia (NYSE: ELP).
 
Two U. S. senators asked the Food and Drug Administration to regulate and study the effects of energy drinks such as those made by Monster Beverage (Nasdaq: MNST).

Stifel Nicolaus cut its price target on Liquidity Services (Nasdaq: LQDT) to $66 from $72.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 3 points to 845.
The markets traded higher during the midday with the Dow gaining 22 points to 13,345 after Germany's Constitutional Court supported the latest euro zone bailout. Nasdaq rose 4 points to 3109.

On the upside

Office Depot (NYSE: ODP) announced that NASCAR driver Tony Stewart partnered with the Office Depot Foundation to donate 6,000 backpacks to children in the Chicagoland area. 

Williams Financial upgraded PulteGroup (NYSE: PHM) to a Buy rating.

Thoma Bravo will take Mediware Information Systems (Nasdaq: MEDW) private in a deal valued at approximately $195 million.

On the downside

Globecomm Systems (Nasdaq: GCOM) reported sharply higher fourth quarter earnings but the company warned of lower earnings and revenue for fiscal 2013.
 
Halcon Resources (NYSE: HK) announced a secondary offering of 35 million common shares.

Vanguard Natural Resources (NYSE: VNR) priced its public offering of 6 million common units at the discounted price of $27.51 per unit.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 844.
Germany's high court ruled in favor of the euro zone's bailout fund to lift the markets to a higher open with the Dow rising 27 points to 13,350. Nasdaq added 3 points to 3107.

On the upside

Facebook (Nasdaq: FB) founder and chief executive Mark Zuckerberg expects to increase revenue through mobile devices. 

Nokia Siemens, a joint venture between Nokia (NYSE: NOK) and Siemens (NYSE: SI), will eliminate 400 positions in Finland.

Coffee Holding (Nasdaq: JVA) reported higher third quarter earnings as revenue climbed.

On the downside

Teekay Offshore (NYSE: TOO) priced its offering of 7.4 million common units at the discounted price of $27.65 per unit.
 
MGIC Investment (NYSE: MTG) will defer paying interest on debentures until 2022.

PURE Biosciences (Nasdaq: PURE) priced its public offering of approximately 3.78 million common shares at the discounted price of $1.10 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 843.
A smaller than expected increase of the nation's trade deficit lifted the markets to a higher close with the Dow gaining 69 points to 13,323. Nasdaq held steady at 3104.

On the upside

Calix (Nasdaq: CALX) chief financial officer Michael Ashby will purchase 50,000 shares of company stock. 

Deutsche Bank (NYSE: DB) will cut expenses by approximately $5.8 billion by 2015 and reform executive compensation practices.

STMicroelectronics (NYSE: STM) will begin volume production of its STM32 F3 microcontrollers.

On the downside

Investors locked in profits on Peregrine Pharmaceuticals (Nasdaq: PPHM) whose stock price soared after reporting upbeat cancer trial results on Friday.
 
United Natural Foods (Nasdaq: UNFI) reported higher fourth quarter earnings but the organic and specialty foods distributor forecast 2013 income below analyst expectations.

K12 (NYSE: LRN) denied allegations of teacher certification issues made by Seminole County, Florida.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 841.
The markets advanced during the midday with the Dow climbing 81 points to 13,335 as sentiment among small business owners rose in August. Nasdaq gained 6 points to 3110.

On the upside

Bargain hunters lifted shares of Cliffs Natural Resources (NYSE: CLF) whose stock price fell yesterday after a downgrade. 

MGIC Investment (NYSE: MTG) reported $2.5 billion worth of new insurance written and a drop in delinquent mortgages in August.

Advanced Micro Devices (Nasdaq: AMD) introduced a new generation, energy efficient server.

On the downside

Palo Alto Networks (NYSE: PANW) reported a loss for the fourth quarter.
 
The Food and Drug Administration delayed its decision to grant New Chemical Entity status to Amarin's (Nasdaq: AMRN) Vascepa.

Robert W. Baird downgraded Coomplete Genomics (Nasdaq: GNOM) to a Neutral rating.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 843.
The markets opened higher with the Dow gaining 61 points to 13,316 as the nation's trade deficit widened less than expected in July. Nasdaq added 4 points to 3108.

On the upside

Sunesis Pharmaceuticals (Nasdaq: SNSS) will increase the sample size of its Phase 3 VALOR trial of its acute myeloid leukemia treatment vosaroxin. 

Shares of Nokia (NYSE: NOK) rose after the New York Times reported that 32,000 students were forced to work at the Foxconn factory in China to make Apple's (Nasdaq: AAPL) iPhone 5S.

Cell Therapeutics (Nasdaq: CTIC) will launch its multiply relapsed or refractory aggressive B-cell non-Hodgkin Lymphoma treatment Pixuvri in Europe this month.

On the downside

Sequenom (Nasdaq: SQNM) will offer $100 million in convertible senior notes.
 
ThinkEquity analyst Yun Kim downgraded Tibco Software (Nasdaq: TIBX) to a Hold rating.

General Growth Properties (NYSE: GGP) rejected 10.5% shareholder Bill Ackman's demand to sell the company.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 843.
An unexpected drop in July consumer credit weighed the markets down to a lower close with the Dow falling 52 points to 13,254. Nasdaq tumbled 32 points to 3104.

On the upside

Falling mortgage delinquencies lifted shares of mortgage insurers MGIC Investment (NYSE: MTG) and Radian Group (NYSE: RDN). 

Canaccord Genuity initiated coverage of Sunshine Heart (Nasdaq: SSH) on Friday with a Buy rating.

Cell Therapeutics (Nasdaq: CTIC) will present at the Annual Rodman & Renshaw Global Investment Conference tomorrow.

On the downside

Mellanox Technologies (Nasdaq: MLNX) chief financial officer Michael Gray will retire November 5, 2012 and will be replaced by vice president of finance Jacob Shulman.
 
Zacks affirmed its neutral rating on NII Holdings (Nasdaq: NIHD).

Shares of Pandora Media (NYSE: P) continued falling after The Wall Street Journal reported last week that Apple (Nasdaq: AAPL) was developing a music streaming service.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks slipped 2 points to 839.
Economists lowered their forecast for China's economic growth which weighed the markets down during the midday. The Dow slipped 2 points to 13,304 while Nasdaq fell 16 points to 3120.

On the upside

Jaguar Mining (NYSE: JAG) named David M. Petroff to the position of president and chief executive officer. 

Related Companies will acquire KSW (Nasdaq: KSW) for a premium of $5.00 per share in cash.

Shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) continued climbing after announcing on Friday plans to introduce a line of fruit drinks with antioxidants and vitamins.

On the downside

Titan Machinary (Nasdaq: TITN) disappointed with lower second quarter earnings that fell far short of analyst expectations and cut its full year income guidance.
 
Nordion (NYSE: NDZ) lost a claim for damages from supplier Atomic Energy of Canada Limited prompting the medical science company to suspend its dividend.

Toys R Us announced that it will introduce its own touchscreen tablet for children sending shares of LeapFrog (NYSE: LF) tumbling.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and by 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged down a fraction to 841.
The markets opened lower with the Dow slipping 2 points to 13,304 as economist trimmed their growth forecast for China's economy. Nasdaq lost 11 points to 3125.

On the upside

Talisman Energy (NYSE: TLM) announced the immediate resignation of president and chief executive John Manzoni who will be replaced by director Hal Kvisle. 

A Seeking Alpha contributor expects Sprint (NYSE: S) reverse losses to post a profit in the near future.

Peregrine Pharmaceuticals (Nasdaq: PPHM) narrowed first quarter losses as expenses fell.

On the downside

Geron (Nasdaq: GERN) stopped a mid-stage trial of its breast cancer treatment imetelstat because it was ineffective.
 
Zalicus (Nasdaq: ZLCS) ended development of its rheumatoid arthritis treatment Synavive after failed a Phase 2b clinical trial.

Plain Exploration & Production (NYSE: PXP) will pay approximately $5.55 billion to acquire Gulf of Mexico assets from BP (NYSE: BP).

In the broad market, declining issues outpaced advancers by a slim margin on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 841.

Hope For Stimulus Lifts Markets

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Optimism that the Federal Reserve will announce a third round of quantitative easing next week lifted the markets to a modestly higher close with the Dow rising 14 points to 13,306. Nasdaq added a fraction to 3136.

On the upside

Rising copper, gold and silver prices lifted shares of Freeport-McMoRan (NYSE: FCX) . 

Shares of U. S. Steel (NYSE: X) rose as contract negotiations between United Steelworkers and ArcelorMittal (NYSE: MT) continued.

Speculation that the Federal Reserve will approve additional stimulus measures lifted shares of Cliffs Natural Resources (NYSE: CLF).

On the downside

Accuray (Nasdaq: ARAY) disappointed with a wider than expected loss for the fourth quarter and forecast first quarter as well as 2013 full year results below analyst expectations.
 
Shares of Tangoe (Nasdaq: TNGO) continued falling after Copperfield Research alleged yesterday that the company misrepresented its financials.

Profit taking sank shares of Monster Worldwide (NYSE: MWW) whose shares climbed over acquisition speculation.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 4 points to 842.

Anemic Jobs Data Weighs Down Markets

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An anemic jobs report weighed the markets down during the midday with the Dow slipping 8 points to 13,283. Nasdaq eased a point to 3133.

On the upside

Peregrine Pharmaceuticals (Nasdaq: PPHM) will update mid-stage clinical trial results for its advanced lung cancer treatment bavituximab. 

Lululemon Athletica (Nasdaq: LULU) reported higher second quarter earnings and lifted its full year guidance.

Bargain hunters lifted shares of Alpha Natural Resources (NYSE: ANR) whose stock price fell after an analyst downgrade on Wednesday.

On the downside

Shares of Advanced Micro Devices (NYSE: AMD) fell after Intel (NYSE: INTC) cut its third quarter guidance.
 
Calpine (NYSE: CPN) priced a 20 million share block trade at the discounted price of $18.00 per share.

Envivio (Nasdaq: ENVI) fell to a greater than expected loss for the second quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 4 points to 842.

Flat Open As Job Growth Slows

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The markets opened flat with the Dow adding a point to 13,293 while Nasdaq held steady at 3135 as job growth slowed in August.

On the upside

Smith & Wesson (Nasdaq: SWHC) reported sharply higher first quarter earnings that surpassed analyst expectations by a wide margin and raised its full year forecast. 

Green Mountain Coffee Roasters (Nasdaq: GMCR) announced a line of Wellness Brewed drinks with antioxidants and vitamins.

Quicksilver (NYSE: ZQK) reported higher third quarter earnings that beat expectations.

On the downside

Pandora Media (NYSE: P) stock tumbled after the Wall Street Journal reported that Apple (Nasdaq: AAPL) was pursuing music licenses in order to create a radio service.
 
Apple (Nasdaq: AAPL) may not use Audience (Nasdaq: ADNC) technology in its latest iPhone.

Resource Capital (NYSE: RSO) priced its public offering of 8.5 million common shares at the discounted price of $5.90 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 840.

Markets Soar On Upbeat Data

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Upbeat economic data along with plans by the European Central Bank to purchase bonds lifted the markets to a sharply higher close with the Dow rocketing 244 points to 13,292. Nasdaq leaped 66 points to 3135.

On the upside

Sears Holdings (Nasdaq: SHLD) chairman Eddie Lampert purchased 2.4 million shares of company stock. 

Integrated Device Technology (Nasdaq: IDTI) introduced the world's first NVM Express enterprise non-volatile DRAM controller.

Merge Healthcare (Nasdaq: MRGE) retained the services of Allen & Co. to explore strategic options including the possible sale of the company.

On the downside

Stifel Nicolaus downgraded MarketAxess (Nasdaq: MKTX) to a Hold rating.
 
Wolverine Worldwide (NYSE: WWW) blamed the European economic crisis for warning that third quarter results may fall short of expectations.

Trina Solar (Nasdaq: TSL) denied allegations of dumping solar products on the European market.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks surged 16 points to 837.

Markets Surge On Upbeat Economic Data

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The markets extended its gains during the midday with the Dow leaping 231 points to 13,279 as jobless claims fell more than expected and the nation's service sector expanded at quicker pace than economists had forecast. Nasdaq jumped 62 points to 3131.

On the upside

Navistar International (NYSE: NAV) reported lower third quarter earnings and revenue but the results beat expectations and the company announced plans to reduce expenses. 

Longbow Research upgraded AK Steel (NYSE: AKS) to a Buy rating.

Credit Suisse initiated coverage of Orexigen Therapeutics (Nasdaq: OREX) with an Outperform rating.

On the downside

FT Alphaville reported that Power-One (Nasdaq: PWER) may sell itself.
 
Enbridge Energy (NYSE: EEP) priced its public offering of 14 million common units at the discounted price of $28.64 per unit.

A Seeking Alpha contributor wrote that Tangoe (Nasdaq: TNGO) misrepresented its organic growth.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks soared 17 points to 839.
Investors embraced the European Central Bank's new bond purchasing plan to lower borrowing costs for struggling economies. The markets opened sharply higher with the Dow soaring 191 points to 13,238 while Nasdaq surged 47 points to 3116.

On the upside

DigiTimes reported that Micron Technology (Nasdaq: MU) was pursuing a partnership with TSMC to develop 3D IC technology. 

Radian Group (NYSE: RDN) reported lower mortgage delinquencies and $3.75 billion in new insurance in August.

Men's Wearhouse (NYSE: MW) reported higher second quarter earnings that topped analyst estimates.

On the downside

Warner Chilcott (Nasdaq: WCRX) priced a secondary offering of more than 42.8 million common shares owned by Bain Capital, J. P. Morgan, and Thomas H. Lee.
 
OCZ Technology Group (Nasdaq: OCZ) lowered its second quarter revenue guidance prompting downgrades.

Third quarter earnings rose for Verifone (NYSE: PAY) but fell short of estimates and the company forecast current quarter revenue that missed expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 9 points to 830.

Mixed Close Ahead Of ECB Meeting

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The markets closed mixed with the Dow adding 11 points to 13,047 while Nasdaq lost 5 points to 3069 ahead of a European Central Bank meeting tomorrow.

On the upside

KeyBanc analyst Edward Yruma upgraded Bon-Ton Stores (Nasdaq: BONT) to a Buy rating after chief executive Brendan Hoffman detailed turn around plans. 

US Airways Group (NYSE: LCC) reported a 1% increase in August passenger revenue per available seat mile.

Speculation that Monster Worldwide (NYSE: MWW) may be acquired lifted shares of the employment solutions firm.

On the downside

Six holders of Digital Domain Media Group (NYSE: DDMG) senior secured convertible notes agreed to forbearance.
 
LeapFrog (NYSE: LF) introduced a new line of interactive Touch Magic toys for preschoolers.

Teekay LNG Partners (NYSE: TGP) priced its follow-on public offering of 4.6 million common units at the discounted price of $38.43 per unit.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 821.

Markets Advance As Productivity Rises

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The nation's second quarter productivity increased more than expected to lift the markets higher during the midday with the Dow rising 34 points to 13,070. Nasdaq added 5 points to 3080.

On the upside

Pluristem's (Nasdaq: PSTI) Placental expanded cells successfully treated a third patient with Acute Myeloid Leukemia. 

Orexigen Therapeutics (Nasdaq: OREX) enrolled patients in its Light Study at a faster pace than expected.

Office Depot (NYSE: ODP) affirmed its full year earnings guidance.

On the downside

NuStar Energy (NYSE: NS) priced its public offering of 6.2 million common units at the discounted price of $48.94 per unit.
 
Pharmacyclics (Nasdaq: PCYC) widened fourth quarter losses.

Hi-Tech Pharmacal (Nasdaq: HITK) disappointed with sharply lower first quarter earnings that fell far short of analyst expectations as revenue dropped.

In the broad market, declining issues barely edged out advancers by a slim margin on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 822.

Markets Rise Ahead Of ECB Meeting

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The markets opened higher with the Dow rising 31 points to 13,066 ahead of the European Central Bank meeting tomorrow. Nasdaq added 5 points to 3080.

On the upside

Nokia (NYSE: NOK) will introduce two new Lumia phones running on Microsoft's (Nasdaq: MSFT) Windows 8. 

Delta (NYSE: DAL) reported a 4.0% increase in August passenger unit revenue.

Facebook (Nasdaq: FB) founder and chief executive Mark Zuckerberg pledged to sell none of his shares in the social networking site for at least a year.

On the downside

Francesca's Holdings (Nasdaq: FRAN) reported sharply higher second quarter earnings that more than doubled to top analyst estimates but the stock price fell after announcing the retirement of chief executive John De Meritt at the end of the year.
 
UBS analyst Steven Eliscu downgraded Advanced Micro Devices (NYSE: AMD) to a Neutral rating.

AuRico Gold (NYSE: AUQ) lowered its production guidance for 2012 and 2013 while increasing capital expenditure.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 822.
The markets closed mixed with the Dow falling 54 points to 13,035 manufacturing activity dropped in August but auto sales soared. Nasdaq rose 8 points to 3075.

On the upside

Goldman Sachs analyst Brian Karimzad upgraded GameStop (NYSE: GME) to a Buy rating. 

Analysts expect Hovnanian Enterprises (NYSE: HOV) to narrow third quarter losses when the homebuilder reports earnings on Thursday before market open.

An appeals court will allow Santarus (Nasdaq: SNTS) to sue Par Pharmaceuticals (NYSE: PRX) for infringing on patents for its heartburn drug Zegerid.

On the downside

Analysts expect Navistar (NYSE: NAV) to report a loss for the third quarter.
 
Renren (NYSE: RENN) will change its business model from a social networking platform to mobile gaming and e-commerce site.

A Seeking Alpha contributor cautioned investors to carefully read Digital Domain Media's (Nasdaq: DDMG) financials.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 10 points to 822.
The markets extended its losses during the midday with the Dow dropping 86 points to 13,015 as construction spending fell 0.9% in July. Nasdaq tumbled 9 points to 3057.

On the upside

The Centers for Medicare and Medicaid reduced the mandatory Medicaid rebates that Questcor (Nasdaq: QCOR) paid to states for Acthar. 

Peregrine Pharmaceuticals (Nasdaq: PPHM) will present data from a Phase II clinical trial of its lung cancer treatment bavituximab at the 2012 Chicago Multidisciplinary Symposium in Thoracic Oncology at the end of the week.

Chelsea Therapeutics (Nasdaq: CHTP) will present at the 14th Annual Rodman & Renshaw Global Healthcare Investment Conference on Monday, September 10.

On the downside

ARM Holdings (Nasdaq: ARMH) cited a possible slowdown in sales for lowering its hiring targets prompting a downgrade.
 
MannKind (Nasdaq: MNKD) filed for a $500 million mixed securities shelf.

Most of the contracts covering Supervalu's (Nasdaq: SVU) unionized workers will expire this fiscal year.

In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 813.
A drop in August manufacturing activity weighed the markets down to a lower open with the Dow tumbling 75 points to 13,015. Nasdaq fell 12 points to 3054.

On the upside

Valeant Pharmaceuticals (NYSE: VRX) will pay a premium of approximately $2.6 billion in cash to acquire Medicis Pharmaceutical (NYSE: MRX). 

StemCells (Nasdaq: STEM) reported upbeat interim results from a Phase I/II clinical trial of its chronic spinal cord injury treatment HuCNS-SC(R).

Heckmann (NYSE: HEK) will merge with privately held environmental services firm Power Fuels.

On the downside

Zalicus (Nasdaq: ZLCS) began the first of two Phase 2a clinical trials of its chronic neuropathic pain treatment Z160.
 
Dahlman Rose downgraded Alpha Natural Resources (NYSE: ANR) from a Buy to a Hold rating.

Shares of (Nasdaq: NFLX) dropped after Amazon's (Nasdaq: AMZN) multi-year agreement with Epix more than doubled the available titles for its Amazon Prime Instant Video service.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 811.

U. S. Markets Closed

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U. S. markets are closed in observance of the Labor Day holiday.

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