Texas Instruments' $6.5 billion cash acquisition of National Semiconductor tempered news of another rise in crude oil prices. The markets closed mixed with the Dow rising 23 points to 12,400 while Nasdaq eased a fraction to 2789.
On the upside
The Irish government said on Friday that bondholders of Allied Irish Banks (NYSE: AIB) and the Bank of Ireland (NYSE: IRE) will not need to take discounts on their investments.
Landry's Restaurant chief executive Tilman Fertitta announced intentions to launch an all cash hostile bid for McCormick & Schmick's (NYSE: MSSR).
Kraton Polymers (NYSE: KRA) announced price increases for all styrenic block copolymers and Kraton HSBC polymers and compounds in Europe, Africa, the Middle East and in the Americas.
On the downside
Louisiana Pacific (NYSE: LPX) filed a $4.5 million lawsuit against Teaford for a heat system that caused an explosion at a manufacturing facility in 2008.
Canaccord Genuity reported that sales of Motorola Mobility's (NYSE: MMI) XOOM tablet were slowing.
SodaStream International (Nasdaq: SODA) will sell 5 million shares to raise approximately $49.5 million.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 2 points to 849.
