January 14, 2008 at 11:37 AM EST
Mid-Day Report

Upbeat earnings news lifted the markets higher during the midday with the Dow soaring 119 points to 12,725. Nasdaq surged 22 points to 2462.

On the upside

Terex (NYSE: TEX) will pay approximately $488 million to acquire construction equipment maker A. S. V. (Nasdaq: ASVI) .

Private equity firm Bain Capital will acquire Bright Horizons Family Solutions (Nasdaq: BFAM) for approximately $1.3 billion.

Yamana Gold (NYSE: AUY) CEO Peter Marrone expects the company to grow through 2010 as gold prices rise.

On the downside

Openwave Systems (Nasdaq: OPWV) announced the departure of chief financial officer Jean-Yves Dexmier and named vice president of finance Ann Brennan as interim CFO. The communications software company also appointed Charles Levine to the position of non-executive chairman.

Analysts downgraded Harman International Industries (Nasdaq: HAR) after the electronics maker slashed its 2008 guidance due to pricing competition in the portable navigation device sector.

Schering-Plough (NYSE: SGP) reported disappointing results for its cholesterol drug Vytorin.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 707.

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