Concerns about the impact of ever increasing oil prices on the fragile economy sent the markets tumbling during the midday with the Dow dropping 112 points to 12,057. Nasdaq plunged 54 points to 2730.
On the upside
James River Coal (Nasdaq: JRCC) will pay approximately $475 million in cash to acquire International Resource Partners.
OCZ Technology Group (Nasdaq: OCZ) forecast fourth quarter revenue that will nearly double from last year.
On the downside
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