Market Recap: Stocks Battle Back, RIM Screwed, Yahoo May Change Plans

Markets closed up on Wall Street today: Dow +0.32%, S&P +0.22%, Nasdaq +0.07%, Oil –0.04%, Gold +0.14%.

On the commodities front, Oil (NYSE:USO) declined to $93.35 a barrel. Precious metals closed mixed, with Gold (NYSE:GLD) rising to $1,622 an ounce while Silver (NYSE:SLV) fell 0.01% to settle at $28.08.

Here’s your Cheat Sheet to today’s top stock stories:

Samsung will not acquire Research in Motion (NASDAQ:RIMM) or license the BlackBerry maker’s new mobile operating system, the South Korean electronics company said on Thursday. Lack of support from potential partners like Samsung could spell more trouble for RIM, which is seeking options to help turn around its embattled business.

But help could be on the way as its shares increased almost 5 percent on Friday. Bloomberg News reported that International Business Machines Corp. (NYSE:IBM) made an informal inquiry about possibly buying RIM’s enterprise-services division.

Groupon Inc.’s (NASDAQ:GRPN) shares rose 12 percent and are poised for a busy trading day on Monday when it reports its second quarter results after the bell. In a client research note, Morgan Stanley analyst Scott Devitt reiterated his “Bullish Overweight” rating on the company and wrote that he expects “an in-line or better quarter” for Groupon.

Janus Capital Group Inc.’s (NYSE:JNS) shares increased 10 percent. The company announced it reached an agreement for Japan’s Daiichii Life Insurance to purchase up to a 20 percent share in it and invest with $2 billion from its general account assets.

On the down side, Yahoo Inc.’s (NASDAQ:YHOO) shares dropped 6.1 percent after the company warned that it may not return all of the cash it receives after selling its share of Alibaba to shareholders. It was also downgraded to “Neutral” by Bank of America/Merrill Lynch.

After the close on Thursday, Roundy’s Inc. (RNDY) lowered its financial forecast, noting an “increasingly price-conscious consumer and greater-than-anticipated pricing and promotional activity in several of our major markets.” On Friday, the company’s shares dropped 25 percent.

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