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.