Upbeat global economic data lifted the markets during the midday with the Dow rising 50 points to 14,948. Nasdaq gained 31 points to 3631.
On the upside
Cenveo (NYSE: CVO) will pay approximately $25 million in cash and stock to acquire the operating assets of National Envelope.
Horizon Pharma (Nasdaq: HZNP) settled a patent suit against Par Pharmaceutical by granting Par non-exclusive rights to market generic versions of DUEXIS.
A Seeking Alpha contributor expect IntelliPharmaCeutics (Nasdaq: IPCI) to double.
On the downside
ValueVision Media (Nasdaq: VVTV) narrowed second quarter losses but the results fell short of expectations.
SolarWinds (NYSE: SWI) executive vice president and chief financial officer Michael Berry will depart the IT management software firm on October 1, 2013.
Gold Fields (NYSE: GFI) will pay approximately $300 million to acquire Barrick Gold’s Yilgarn South Assets in Western Australia.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 gained 10 points to 1653.
