On the upside
Charles Schwab (Nasdaq: SCHW) told Barron's that it expects assets to increase 8% to 10% per year.
IBasis (Nasdaq: IBAS) received an all cash buyout offer from majority shareholder Royal KPN for $1.55 per share.
Robert W. Baird upgraded First Midwest Bancorp (Nasdaq: FMBI).
On the downside
American Dairy (NYSE: ADY) forecast 2009 revenue well below analyst expectations.
CapitalSource (NYSE: CSE) will offer 17.5 million shares of common stock and $300 million in senior notes to raise funds.
Oppenheimer downgraded Compass Minerals (NYSE: CMP).
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 6 points to 487.
