Disappointing jobs data weighed down the markets during the midday with the Dow losing 22 points to 10,922. Nasdaq fell 27 points to 2372.
On the upside
Engineered equipment supplier Robbins & Myers (NYSE: RBN) will pay approximately $422 million in cash and stock to acquire oilfield services firm T-3 Energy Services (Nasdaq: TTES).
Borders Group (NYSE: BGP) will hire more temporary workers this year for the holiday shopping season than last year as sales slowly improve.
Brean Muirray initiated coverage of Massey Energy (NYSE: MEE) with a Buy rating.
On the downside
Gleacher & Co. analyst Brian Marshall downgraded F5 Networks (Nasdaq: FFIV) saying that the company is not likely to be acquired in the near term.
Shares of data storage provider Rackspace Hosting (NYSE: RAX) fell after rival Equinix (Nasdaq: EQUIX) cut its third quarter revenue outlook.
Allied Irish Banks (NYSE: AIB) may have to lower the sales price of its 22% stake in M&T Bank (NYSE: MTB).
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.
