Midday movers: Facebook, Yahoo, RIM

Stocks pare early losses but are still down on news of poor export data from China.

By MSN Money Partner Aug 10, 2012 12:47PM
Information provided by Theflyonthewall.com

IBM
(IBM) is showing interest in Research In Motion's (RIMM) enterprise services unit.

Retailers are set to submit a $7.2 billion credit card fee settlement with Visa (V) and Mastercard (MA), making it the largest antitrust settlement in U.S. history.

Julius Baer is near a deal to acquire Back of of America's (BAC) Merrill Lynch wealth management business

Among the notable gainers Friday were Fusion-io (FIO), after strong Q4 results on all metrics and positive guidance, and Facebook (FB), after the FTC approved the company's privacy-setting settlement.

Noteworthy losers included Yahoo (YHOO), after the company disclosed that its CEO is engaging in a review of the company's business strategy, and Spreadtrum (SPRD), after weak results and downgrades at HSBC and BofA/Merrill.
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