On the upside
Amkor Technology (Nasdaq: AMKR) cited better than expected demand for lifting its revenue guidance for the fourth quarter.
American International Group (NYSE: AIG) placed on hold plans to sell up to a 20% stake in its property and casualty unit Chartis.
A surprisingly strong gain in existing home sales for November lifted shares of KB Home (NYSE: KBH).
Danfoss will purchase the remaining 24.3% share of Sauer-Danfoss (NYSE: SHS) that it does not already own for approximately $118.8 million.
On the downside
GigaMedia (Nasdaq: GIGM) swung to a loss for the third quarter as revenue dropped.
Take-Two Interactive (Nasdaq: TTWO) announced plans to sell its Jack of All Games business which will cut its first quarter revenue by more than half.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 3 points to 622.
