Strengthening Dollar Weighs Down Markets

Commodities slipped as the dollar strengthened to weigh down the markets in early morning trading with the Dow tumbling 103 points to 10,286. Nasdaq dropped 20 points to 2169.

On the upside

QuadraMed (Nasdaq: QDHC) agreed to be acquired for approximately $126 million by private equity firm Francisco Partners.

Yongye International (Nasdaq: YONG) will triple its production capacity and expand its retail branded store network.

Talbots (NYSE: TLB) reversed year ago losses to post a profit for the third quarter. Separately, the women's apparel retailer announced that it will merge with BPW Acquisition Corp.

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