Mid-Day Report

Record oil prices and consumer confidence at a 28 year low weighed down the markets during the midday with the Dow falling 40 points to 11,414. Nasdaq lost 6 points to 2315.

On the upside

Andersons (Nasdaq: ANDE) raised its full year outlook due to strong results from its plant nutrient unit.

Online party supplies retailer Celebrate Express (Nasdaq: BDAY) agreed to be acquired by Liberty Media (Nasdaq: LINTA) in an all cash deal valued at approximately $31.1 million.

Finish Line (NYSE: FINL) swung to a profit for the first quarter that surpassed estimates as the company raised prices and controlled inventory.

On the downside

SunOpta (Nasdaq: STKL) chief executive Steve Bromley and chief financial officer John Dietrich have both been dismissed amidst an audit investigation.

Although Christopher & Banks (NYSE: CBK) reported greater than expected earnings for the first quarter, the women's apparel retailer forecast second quarter results well below estimates due to a challenging retail environment.

American Eagle Outfitters (NYSE: AEO) announced that its president and chief merchandising officer Susan McGalla will leave the company January 31, 2009 prompting a downgrade.

In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 696.

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