A possible financial aid deal for Greece lifted the markets to a higher open with the Dow gaining 72 points to 12,034 while Nasdaq rose 8 points to 2632.
On the upside
Banco Santander (NYSE: STD) chairman Emilio Botin said that the bank's number of non-performing loans has peaked.
Zoran (Nasdaq: ZRAN) agreed to be acquired by CSR at a lower cash and stock price of $484 million.
Newcastle (NYSE: NCT) declared a quarterly dividend of 10 cents per common share payable July 29, 2011 to shareholders of record July 15, 2011.
On the downside
The Wall Street Journal reported that the Securities and Exchange Commission is investigating possible fraud by Moody's (NYSE: MCO) in mortgage bond deals that precipitated the financial crisis.
Research in Motion (NYSE: RIMM) reported lower first quarter earnings and cut its full year outlook prompting downgrades.
Lender Processing Services (NYSE: LPS) slashed its second quarter outlook as the number of loan defaults and new loans drop.
