On the upside
Integrated Silicon Solutions (Nasdaq: ISSI) lifted its first quarter outlook.
Freddie Mac (NYSE: FRE) approved PMI Group's (NYSE: PMI) request for subsidiary PMI Mortgage Assurance to issue mortgage insurance.
Triumph Group (NYSE: TGI) will acquire Vought Aircraft in a cash and stock deal valued at approximately $1.4 billion.
On the downside
Reuters reported that Apax Partners ended acquisition discussions with Polycom (Nasdaq: PLCM).
Steelcase (NYSE: SCS) disappointed with a much wider than expected loss for the fourth quarter as revenue dropped.
RXi Pharmaceuticals (Nasdaq: RXII) will repurchase 675,000 of its common shares from CytRx (Nasdaq: CYTR).
In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 685.
