DryShips Inc (NASDAQ:DRYS) surged up 1.3% to $2.50. The Board of Directors has approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc.
Petroleo Brasileiro SA (ADR) (NYSE:PBR) is up 2.56% to $27.65. The Company reported second quarter net profit of ARS72 million, a decline of 65% on a year over year basis. Net sales were ARS3.237 billion compared to ARS3.620 billion in the prior year period.
Vale (ADR) (NYSE:VALE) escalated 3.43% to $26.54 after the U.S. central bank said that it would hold the federal funds target rate at a range of 0% to 0.25% unchanged through mid-2013.
ARM Holdings plc (ADR) (NASDAQ:ARMH) jumped up 4.83% to $24.99 after Goldman Sachs upgraded the rating on the stock to conviction buy from buy,
Companhia Siderurgica Nacional (ADR) (NYSE:SID) climbed up 6.36% to $8.86. TheStreet Ratings downgraded the rating on the stock from buy to hold.
