November 29, 2007 at 16:21 PM EST
Closing Bell Report

The markets closed modestly higher over news that the economy expanded more than expected in the third quarter. The Dow climbed 22 points to 13,312 while Nasdaq gained 5 points to 2668.

On the upside

TiVo (Nasdaq: TIVO) narrowed third quarter losses as revenue rose amidst lower expenses. Separately, the U. S. Patent and Trademark Office upheld the company's digital video recorder patent claims against EchoStar Communications.

MGI Pharma (Nasdaq: MOGN) retained the services of Lehman Brothers to explore strategic alternatives to increase shareholder value.

Fourth quarter earnings more than doubled for Atwood Oceanics (NYSE: ATW) to beat expectations as revenue surged.

On the downside

Bon-Ton Stores (Nasdaq: BONT) blamed unusually warm weather for widening third quarter losses and lowered its full year outlook.

Jo-Ann Stores (NYSE: JAS) reported higher third quarter earnings that surpassed expectations but the company lowered its guidance for fiscal 2008.

Principal Financial Group (NYSE: PFG) warned that fiscal 2008 results will fall short of expectations due to weak equity markets.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 766.

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