On the upside
MF Global (NYSE: MF) raised $150 million through the sale of preferred shares and will use the proceed to repay part of a $1.4 billion bridge loan facility.
Oilfield services provider Schlumberger (NYSE: SLB) reported higher second quarter earnings that surpassed expectations as clients increased searches for new crude oil and natural gas sources.
The Securities and Exchange Commission accepted Freddie Mac's (NYSE: FRE) filing to raise capital through a stock offering.
On the downside
Although A&P supermarket chain parent Greater Atlantic & Pacific Tea (NYSE: GAP) narrowed first quarter losses, the results missed expectations.
Second quarter earnings for Manpower (NYSE: MAN) fell and the recruitment firm forecast third quarter results below estimates due to a sluggish global economy.
Advanced Micro Devices (NYSE: AMD) widened second quarter losses and announced the departure of chief executive Hector Ruiz.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 4 points to 693.
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