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Stocks little changed

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Wall Street opened flat this morning as U.S. and Chinese officials begin a two-day discussion of economic issues.

At 10:05 a.m. ET the Russell 2000 was up 1.93 points, or 0.23 percent, to 835.58.  Dow Jones Industrial Average was up 13.32 points, or 0.10 percent, to 13,556.20.

U.S. Treasury Secretary Henry Paulson and Chinese government officials kick off two days of talks on a range of economic issues.  The U.S. government has long complained that China keeps its currency artificially undervalued, thus contributing to the large trade deficit between the two countries.

In business news, billionaire investor Kirk Kerkorian, who owns 56% of the MGM Mirage (NYSE: MGM) casino, announced he has bid for two of the company’s properties.  MGM is the world’s second largest casino.

The following are the most actively traded companies in Tuesday's trading among those with market capitalizations under $500 million:

    Price at %
10:00 et Change Change Volume Year High Year Low
 TIL  TRANS-INDIA ACQUISITION CORP   7.32     +0.00     +0.0%     100.0k     7.55     7.20  
 CCC  CALGON CARBON CORP   9.40     +0.03     +0.3%     98.6k     9.74     4.15  
 SNHY  SUN HYDRAULICS CORP   39.79     -2.21     -5.3%     96.3k     42.00     16.51  
 TWM  PROSHARES TR   63.01     +0.09     +0.1%     96.1k     75.64     62.24  
 PONR  PIONEER COS INC   34.24     +0.05     +0.1%     92.4k     34.25     21.75  
 HRAY  HURRAY HLDGS CO LTD   5.02     -0.34     -6.3%     90.6k     8.28     4.70  
 EMMS  EMMIS COMMUNICATIONS CORP   10.63     -0.21     -1.9%     87.7k     16.77     7.63  
 JMP  JMP GROUP INC   11.90     +0.30     +2.6%     87.4k     13.20     11.10  
 UBNK  UNITED FINANCIAL BANCORP INC   15.44     +0.99     +6.9%     86.8k     14.97     11.53  
 XING  QIAO XING UNIVERSAL TELEPHON   13.52     +0.11     +0.8%     80.0k     19.94     7.04