The markets extended its losses during the midday with
Dow dropping 94 points to 12,048 despite a Congressional compromise on a debt deal as investors focused on sharply lower growth in manufacturing activity. Nasdaq plunged 32 points to
On the upside
Sycamore Partners acquired a 9.9% stake in Talbots (NYSE: TLB) saying that the women's apparel retailer was undervalued.
Old National Bancorp (NYSE: ONB) reported sharply higher second quarter earnings that topped analyst estimates.
Infinera (Nasdaq: INFN) and pan-African telecommunications provider SEACOM successfully transmitted five 100 Gigabit per second coherent optical signals in Africa over a distance of 1732 kilometers.
Sohu.com (Nasdaq: SOHU) reported higher second quarter earnings and revenue that beat analyst expectations and forecast third quarter revenue ahead of estimates but the stock price tumbled.
Shares of Kindred Healthcare (NYSE: KND) tumbled after the Centers for Medicare & Medicaid Services announced on Friday an 11.1% cut for skilled nursing facilities reimbursements in 2012.
Shares of Miller Petroleum (NYSE: MILL) continued falling after a Seeking Alpha article questioned company accounting practices last week.
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