The markets extended its gains during the midday with the Dow leaping 161
points to 11,430 as Google's acquisition of Motorola Mobility boosted investor sentiment. Nasdaq climbed 29 points to
2537.
On the upside
China XD Plastics (Nasdaq: CXDC) reversed year ago losses to post a profit for the second quarter on record revenue.First quarter earnings climbed for China Jo-Jo Drugstores (Nasdaq: CJJD) as revenue soared.
OfficeMax (NYSE: OMX) announced on Friday the appointment of Mike MacDonald to the position of executive vice president and president of the global Contract organization and Steve Mongeau to the position of senior vice president of sales and growth initiatives effective today, August 15.
On the downside
Caribou Coffee (Nasdaq: CBOU) announced that major shareholder Caribou Holding will offer 5.15 million common shares to the public.
Baidu (NYSE: BIDU) closed its micro-blog site Shuoba.
Gilead (NYSE: GILD) reported positive results from a late stage clinical trial of its four-in-one HIV treatment dubbed Quad but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 15 points to 712.
