On the upside
ATP Oil & Gas (NYSE: ATPG) announced that it discovered more oil and gas in the Gulf of Mexico than originally estimated.
USEC (NYSE: USU) will provide Exelon Generation with separative work units in a contract valued at approximately $1.2 billion.
J. P. Morgan analyst Jamie Baker upgraded US Airways (NYSE: LCC) saying that the airliner survive and not need to file for bankruptcy.
On the downside
Penn Virginia (NYSE: PVG) will offer nearly 9 million common shares.
Ramco-Gershenson Properties (NYSE: RPT) lowered its outlook for 2009 and warned that its quarterly dividend will be cut as well.
American International Group (NYSE: AIG) is exploring the option of selling stakes in various of its businesses rather than selling the units as a whole in order to pay back the government.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 594.
