On the upside
Cable Systems (NYSE: CVC) subsidiary CSC Holdings will raise $500 million through the offering of senior notes.Although Great Atlantic & Pacific Tea (NYSE: GAP) swung to a third quarter loss, sales surged.
Live Nation (NYSE: LYV) said that despite the ailing economy, concert ticket sales for 2009 events have not suffered.
On the downside
Goldman Sachs analyst David C. Bailey placed Sun Microsystems (Nasdaq: JAVA) on the "Americas Sell List" saying that the economic downturn has negatively impacted company.Piper Jaffray downgraded American Oriental Bioengineering (NYSE: AOB).
Manitowoc (NYSE: MTW) narrowed its full year guidance to the low end of its earlier outlook.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 502.
