September 09, 2013 at 10:42 AM EDT
Higher Open Even As Congress Prepares To Vote On Syria Action
The markets opened higher with the Dow climbing 88 points to 15,010 even as Congress prepared to vote on possible action against Syria. Nasdaq gained 21 points to 3681.
On the upside
Koch Industries will pay a premium of approximately $6.86 billion to acquire Molex (Nasdaq: MOLX).
Delta Air Lines (NYSE: DAL) will replace BMC Software on Standard & Poor's 500 index next week.
Unilife (Nasdaq: UNIS) will supply Sanofi with prefilled, automatic needle retraction Unifill Finesse syringes.
On the downside
Biodel (Nasdaq: BIOD) reported positive preliminary results from a Phase 2 clinical trial of its ultra rapid acting mealtime insulin to treat patients with type 1 diabetes but the stock price fell.
SunEdison (NYSE: SUNE) will spin off its SunEdison Semiconductor unit.
Hanwha SolarOne (Nasdaq: HSOL) reported a loss for the second quarter.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by a margin of nearly 5 to 2 on Nasdaq. The broader S&P 500 gained 8 points to 1663.
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