Market Update

Shares of McDonald's Corp MCD dropped about 1.5% after the company reported a 5.1% rise in its global same-store sales rose in July. McDonald's reported that its US same-store sales surged 4.4%, Europe increased by 5.3%, and Asia/Pacific, Middle East and Africa same-store sales rose 4%. Shares of JAKKS Pacific Inc JAKK dropped about 2.6% after the company announced its plans to acquire Hong Kong-based Moose Mountain Toymakers Limited. The deal is scheduled to close in the third quarter of 2011. Shares of Jacada Ltd JCDA fell about 7.9% after the company appointed Mr. Gideon Hollander, Jacada's founder and its active Chairman of the Board, as the company's Co- Chief Executive Officer. Rio Tinto plc RIO and Mitsubishi Corp MSBHY offered to buy out Coal & Allied for A$1.49 billion ($1.56 billion). Rio and Mitsubishi offered A$122 per share, a 34% premium to the Coal & Allied 's last trading price.
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