Expansion of the nation's service sector slowed in June but the markets closed modestly higher with the
Dow climbing 56 points to 12,626. Nasdaq gained 8 points to 2834.
On the upside
iPass (Nasdaq: IPAS) introduced its carrier-grade platform for service providers iPass Open Mobile Exchange.
Con-Way (NYSE: CNW) will restore certain contributions to its retirement savings plan that were suspended during the economic downturn.
China Information Technology (Nasdaq: CNIT) announced yesterday that the Hunan Department of Health approved use of the company's proprietary digital hospital information system throughout the entire province.
General Maritime (NYSE: GMR) will enter seven of its VLCCs into the commercial pool Seawolf Tankers that is managed by Heidmar.
A phone hacking scandal in the United Kingdom involving the tabloid News of the World, which is owned by News Corp. (NYSE: NWSA), expanded to include terrorist and murder victims in addition to politicians and movie stars.
Shares of Research in Motion (Nasdaq: RIMM) fell after the Canadian government indicated that it may review the $4.5 billion auction of Nortel's patents.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 845.