On the upside
Huntington Bancshares (Nasdaq: HBAN) settled a patent infringement suit by agreeing to license customer service technology from Ronald A. Katz Technology Licensing LP.
Second quarter earnings surged to top estimates for VistaPrint (Nasdaq: VPRT) as customers and orders climbed prompting an upgrade.
Although Sun Microsystems (Nasdaq: JAVA) swung to a second quarter loss, sales topped analyst estimates.
On the downside
Colonial BancGroup (NYSE: CNB) blamed a significant goodwill charge for swinging to a fourth quarter loss.
Allied Capital (NYSE: ALD) is negotiating with its lenders to amend the terms of its credit agreements and warned that it is close to defaulting on its debt.
Barclays Capital downgraded Royal Caribbean Cruises (NYSE: RCL) and slashed its price target citing sharply lower demand for cruises.
In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 13 points to 468.
