Mixed Open Ahead Of Manufacturing Report

The markets opened mixed with the Dow adding 7 points to 14,586 while Nasdaq lost 11 points to 3256 as investors anticipate slower expansion of the manufacturing sector.

On the upside

American Greetings (NYSE: AM) will be acquired by an entity owned by the Weiss family for a premium of $18.20 per share in cash along with a possible dividend of 15 cents per share.

Tesla Motors (Nasdaq: TSLA) expects to post its first profitable quarter in the first quarter as sales of its Model S sedan surpassed estimates.

Quicksilver Resources (NYSE: KWK) sold a 25% interest in its Barnett Shale assets to Tokyo Gas for approximately $485 million.

On the downside

Excel Maritime (NYSE: EXM) disappointed with sharply lower earnings and revenue for the second half of 2012.

DFC Global (Nasdaq: DLLR) warned that third quarter results would fall short of expectations and lowered its full year earnings outlook.

Panasonic (NYSE: PC) will voluntarily delist from the New York Stock Exchange effective April 22, 2013.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index slipped 2 points to 1566.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here