The markets advanced during the midday with the Dow climbing 57 points to 16,611 as global tensions eased. Nasdaq gained 38 points to 4409.
On the upside
Cutrale Group and Safra Group offered a premium of $13 per share in cash to acquire Chiquita Brands (NYSE: CQB).
China HGS (Nasdaq: HGSH) will rebuild large-scale shanty areas in Hanzhong City.
Matrress Firm Holding (Nasdaq: MFRM) lifted its second quarter earnings outlook after reporting strong growth in preliminary second quarter sales.
On the downside
Cal Dive International (NYSE: DVR) widened second quarter losses.
Walter Investment Management (NYSE: WAC) fell to a loss for the second quarter.
Aegerion Pharmaceuticals (Nasdaq: AEGR) will offer $250 million worth of convertible notes.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 10 points to 1942. Bitcoin slipped $3 to $582.
