Despite a jump in October retail sales, the markets closed mixed with the Dow adding 9 points to 11,201 as experts warned of a slowing economic recovery. Nasdaq slipped 4 points to 2513.
On the upside
Rumors that the European Union will offer Ireland a bailout package lifted shares of Allied Irish Banks (NYSE: AIB).
The Canadian government approved Apricus Biosciences' (Nasdaq: APRI) erectile dysfunction treatment Vitaros.
Radio One (Nasdaq: ROIAK) amended the terms of its senior subordinated notes exchange offer.
On the downside
On Friday, Willbros Group (NYSE: WG) notified holders of its 6.5% senior convertible notes that they can require the company to purchase the notes.
Beazer Homes (NYSE: BZH) adopted a Section 382 stockholder rights plan that preserves the value of certain tax deferred assets.
Tri-Tech Holding (Nasdaq: TRIT) reported sharply higher third quarter earnings but margins fell.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 719.
