But the federation's reading on expected business conditions remained deep in recession territory, and business owners reporting declining sales far outnumbered those saying sales increased.

WSJ: Stocks Keep Streak Alive

The subindex of expected business conditions rose 2 points to -8% last month, but the expected higher real sales subindex declined fell 1 point to -4%.

WSJ: NFIB: U.S. July Small-Business Optimism Index Drops

Solar power chip maker MEMC Electronic Materials (WFR) announced a series of restructuring steps today to better align the business to current and expected market conditions in the semiconductor and solar markets.

FORBES: MEMC Electronic Materials Announces Restructuring Efforts