On the upsideVON Magazine awarded Synchronoss Technologies (Nasdaq: SNCR) its 2008 VON Magazine Innovator Award for its ConvergenceNow software platform.
BearingPoint (NYSE: BE) landed a contract with the Army Medical Research and Material Command valued at up to $115 million over a five year period.
Delta Air Lines (NYSE: DAL) reported that its February traffic rose 6.7% as international traffic surged 13.1%.
On the downside
Shares of Moneygram International (NYSE: MGI) tumbled after Jim Cramer recommended that investors purchase Moneygram rival Western Union (NYSE: WU).
Citi Investment Research analyst Donald Fandetti downgraded KKR Financial Holdings (NYSE: KFN) saying that an impending recession will further erode the credit markets.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up 3 points to 684.