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Fewer Than Expected Job Losses Lifts Markets

Fewer than expected job losses in February lifted the markets higher during the midday with the Dow climbing 82 points to 10,526. Nasdaq gained 27 points to 2320.

On the upside

Zanett (Nasdaq: ZANE) announced that it received $12 million in new contracts in the January and February of 2010.

Zale (NYSE: ZLC) will raise revenue through the sale of leases on twelve New York store sites including premium locations on Fifth Avenue and Herald Square.

Patriot Coal (NYSE: PCX) placed two employees on administrative leave and fired one individual over accusations of falsified inspection records.

On the downside

Neurocrine Biosciences (Nasdaq: NBIX) priced its offering of 9.1 million common shares at $2.20 per share.

While Dot Hill (Nasdaq: HILL) narrowed fourth quarter losses, the results missed expectations.

Satcon Technology (Nasdaq: SATC) widened fourth quarter losses even as revenue rose.

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