On the upside
Wal-Mart (NYSE: WMT) announced that clearance discounts and special deals will continue after Christmas.
Ford (NYSE: F) may close the sale of its Volvo unit to Chinese automaker Geely in the first quarter of 2010.
Compugen (Nasdaq: CGEN) entered a predictive discovery collaboration agreement with Pfizer (NYSE: PFE) allowing Pfizer the right to license and develop three drugs of intererst to Pfizer.
On the downside
Cintas (Nasdaq: CTAS) reported lower second quarter earnings and revenue that fell short of estimates and warned that it may miss third quarter earnings expectations.
Countrywide Home Loans and BAC Home Loans Servicing filed complaints against MGIC Investment (NYSE: MGIC) Mortgage Guaranty Insurance subsidiary alleging that valid mortgage insurance claims have been denied.
PMI (NYSE: PMI) restructured certain modified pool policies and had to make counterparty aggregate accelerated discounted claims of nearly $264 million.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 625.
