On the upside
IBM (NYSE: IBM) will pay approximately $1.2 billion to acquire SPSS (Nasdaq: SPSS) .
While Tenet Healthcare (NYSE: THC) warned of a second quarter loss, the hospital operator lifted its full year forecast.
KKR Financial Holdings (NYSE: KFN) expects to post a profit for the second quarter.
On the downside
The Department of Energy denied USEC's (NYSE: USU) application for a $2 billion loan guarantee.
Office Depot (NYSE: ODP) widened second quarter losses by a larger than expected amount as sales plunged amidst the slumping economy.
Second quarter earnings for Interpublic Group (NYSE: IPG) plummeted due to the global recession.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 550.
