On the upside
Tween Brands (NYSE: TWB) reported a narrower than expected loss as revenue fell.FBR Capital Markets analyst Adrienne Tennant upgraded Talbots (NYSE: TLB) and lifted her price target citing the company's efforts to stabilize liquidity problems.
Bank of Ireland (NYSE: IRE) announced plans to repurchase debt securities.
On the downside
GSI Group (Nasdaq: GSIG) warned that it may take an impairment charge of up to $235 million.
Second quarter earnings for Eaton Vance (NYSE: EV) plunged as revenue tumbled.
Ann Taylor (NYSE: ANN) swung to a first quarter loss due to lower revenue.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by a margin of more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stockslost 3 points to 489.
