On the upside
Although second quarter earnings for Parexel International (Nasdaq: PRXL) dropped, revenue rose to beat expectations.Convergys (NYSE: CVG) blamed significant impairment and restructuring charges for swinging to a fourth quarter loss but the results surpassed analyst estimates.
MarkWest Energy Partners (NYSE: MWE) entered a joint venture with NGP Midstream & Resources to build and operate midstream gas services.
On the downside
All the unions of American Airlines (NYSE: AMR) have requested federal mediation from the National Mediation Board.
Olin (NYSE: OLN) reported higher fourth quarter earnings but the stock price tumbled.
Cott (NYSE: COT) will phase out its exclusive soda drink supply agreement with Wal-Mart with a complete termination of the relationship in January 2012.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 456.
