The markets traded lower during the midday with the Dow falling 55 points to 15,245 as lawmakers continued wrestling over the details of a possible debt deal. Nasdaq slipped 6 points to 3808.
On the upside
A Seeking Alpha contributor expects Novogen (Nasdaq: NVGN) stock to soar.
CSC ServiceWorks will acquire Mac-Gray (NYSE: TUC) in a deal valued at approximately $524 million.
Mer Telemanagement Solutions (Nasdaq: MTSL) will provide Mobile Virtual Network Enabler services to SBC Communications.
On the downside
FLIR Systems (Nasdaq: FLIR) cut its full year guidance and announced plans to close up to six facilities in the U. S. and Europe.
Caesars Entertainment (Nasdaq: CZR) completed notes offerings of $2.15 billion.
TheStreet questioned whether many doctors would prescribe Antares Pharmaceuticals' (Nasdaq: ATRS) recently approved rheumatoid arthritis treatment Otrexup.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 4 points to 1705.
