On the upside
A-Power Energy (Nasdaq: APWR) will build a $1.5 billion offshore liquefied natural gas complex for Macau Natural Gas.
Barclays Capital upgraded Dana Holding (NYSE: DAN).
American International Group (NYSE: AIG) is scheduled to pay $2.4 million in bonuses delayed from 2008 and is seeking government approval of the payments in order to avoid outcry from the public.
On the downside
Susquehanna Bancshares (Nasdaq: SUSQ) warned that second quarter results will fall short of expectations due to higher loan loss provisions.
Reports that a Russian company agreed to provide Indian clients with potash at nearly one third less than the going rate sent shares of Potash of Saskatchewan (NYSE: POT) tumbling.
PriceSmart (Nasdaq: PSMT) disappointed with lower third quarter earnings that fell short of estimates.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 478.
