The markets traded higher during the midday as billionaire investor Carl Icahn announced plans to oust Yahoo's board for actions that prompted Microsoft to withdraw its $47.5 billion buyout offer. The Dow gained 30 points to 12,928 while Nasdaq climbed 19 points to 2516.
On the upside
Higher airline ticket sales lifted first quarter earnings for Ctrip.com International (Nasdaq: CTRP) but the Chinese travel services web site cut its second quarter guidance after a magnitude 7.2 earthquake struck central China.
On the downside