Markets Higher On Upbeat Global Economic Data

Upbeat global economic data lifted the markets during the midday with the Dow rising 50 points to 14,948. Nasdaq gained 31 points to 3631.

On the upside

Cenveo (NYSE: CVO) will pay approximately $25 million in cash and stock to acquire the operating assets of National Envelope.

Horizon Pharma (Nasdaq: HZNP) settled a patent suit against Par Pharmaceutical by granting Par non-exclusive rights to market generic versions of DUEXIS.

A Seeking Alpha contributor expect IntelliPharmaCeutics (Nasdaq: IPCI) to double.

On the downside

ValueVision Media (Nasdaq: VVTV) narrowed second quarter losses but the results fell short of expectations.

SolarWinds (NYSE: SWI) executive vice president and chief financial officer Michael Berry will depart the IT management software firm on October 1, 2013.

Gold Fields (NYSE: GFI) will pay approximately $300 million to acquire Barrick Gold's Yilgarn South Assets in Western Australia.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 10 points to 1653.

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